SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G Under
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under The Securities Exchange Act of 1934
(Amendment No. 2)
Pioneer Cos Inc.
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(Name Of Issuer)
Common Par
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(Title of Class of Securities)
723643102
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(Cusip Number)
(Continued on the following page(s))
Page 1 of 6 Pages
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CUSIP No. 723643102 13G Page 2 of 6 Pages
Pioneer Cos Inc.
1 NAME OF REPORTING PERSON
S.S. OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON.
The Chase Manhattan Corporation - CMC
The Chase Manhattan Bank - CMB
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A)
(B)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
The Chase Manhattan Corporation - Delaware
The Chase Manhattan Bank - New York
NUMBER 5 SOLE VOTING POWER
OF CMC - 701,062
SHARES CMB - 701,062
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY CMC - None
CMB - None
EACH 7 SOLE DISPOSITIVE POWER
REPORTING CMC - 701,062
PERSON CMB - 701,062
WITH 8 SHARED DISPOSITIVE POWER
CMC - None
CMB - None
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
CMC - 701,062
CMB - 701,062
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
CMC - 8.131%
CMB - 8.131%
12 TYPE OF PERSON REPORTING*
CMC - HC
CMB - BK
* SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
Item 1(a). Name of Issuer: Pioneer Cos Inc.
Item 1(b). Address of Issuer's: 700 Louisana Suite 4200
Offices Houston, Texas
Item 2(a). Name of Person Filing: This notice is filed by The Chase
Manhattan Corporation (CMC) and its
wholly owned subsidiary, The Chase
Manhattan Bank (CMB )
Item 2(b). Address of Principal
Business Office: CMC: 270 Park Avenue
New York, NY 10017
CMB: 270 Park Avenue
New York, NY 10017
Item 2(c). Citizenship: CMC - Delaware
CMB - New York
Item 2(d). Title of Class of Securities: Common Par
Item 2(e). CUSIP Number: 723643102
Page 3 of 6
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Pioneer Cos Inc.
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) |_| Broker or dealer registered under Section 15 of the Act.
(b) |x| Bank as defined in Section 3(a)(6) of the Act.
(c) |_| Insurance Company as defined in Section 3(a)(19) of the Act.
(d) |_| Investment Company registered under Section 8 of the
Investment Company Act.
(e) |_| Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940.
(f) |_| Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or endowment Fund [see Section 240.13d-1(b)(1)(ii)(F)].
(g) |x| Parent Holding Company, in accordance with Section
240.13d-1(b)(ii)(G).
(h) |_| Group, in accordance with Section 240.13d-1(ii)(H).
Item 4. Ownership:
(a) Amount Beneficially Owned: CMC - 701,062
As of December 31, 1997 CMB - 701,062
(b) Percent of Class: CMC - 8.131%
CMB - 8.131%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
CMC - 701,062
CMB - 701,062
(ii) Shared power to vote or to direct the vote:
CMC - None
CMB - None
Page 4 of 6
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Pioneer Cos Inc.
(iii) Sole power to dispose or to direct the disposition of:
CMC - 701,062
CMB - 701,062
(iv) Shared power to dispose or to direct the disposition of:
CMC - None
CMB - None
Item 5. Ownership of Five Percent or Less of a Class:
Not applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
The beneficial interest reported has been acquired through fiduciary
relationships. Beneficial ownership of portions of the shares reported
is shared with unaffiliated persons, none of whose beneficial ownership
in the subject shares exceeds five percent of the issuers outstanding
shares
Item 7. Identification and Classification of the Subsidiary Which Holds the
Security Being Reported on by the Parent Holding Company:
Pursuant to Rule 13(d) - 1 (c): This notice is filed on behalf of both
CMC and its subsidiary, CMB. In lieu of attaching an exhibit hereto, the
identity of CMB is as set forth on the cover page hereof. CMB is classified as a
Bank, as such term is defined in Section (3) (a) (6) of the Securities Exchange
Act of 1934, as amended,
Item 8. Identification and Classification of Members of this Group:
Not applicable.
Item 9. Notice of Dissolution of Group:
Not applicable.
Page 5 of 6
Pioneer Cos Inc.
Item 10. Certification:
By signing below, I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and did not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purpose or effect.
Signature: After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true,
complete and correct.
Dated: February 12, 1998
The Chase Manhattan Bank THE CHASE MANHATTAN CORPORATION
/s/ Allan Nemethy /s/ Anthony J. Horan
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Allan Nemethy Anthony J. Horan
Trust Officer Corporate Secretary
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