CHASE MANHATTAN CORP /DE/
SC 13G/A, 1998-03-06
NATIONAL COMMERCIAL BANKS
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                        SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, D.C.  20549

                                   SCHEDULE 13G/A

                                INFORMATION STATEMENT
                         PURSUANT TO RULES 13D-1 AND 13D-2 
                     UNDER THE SECURITIES EXCHANGE ACT OF 1934

                             (AMENDMENT NO. 6)   
                                            

NAME OF ISSUER:  Boeing Company
     

TITLE OF CLASS OF SECURITIES: New Common Stock, Par Value $0.01
                              Per Share

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CUSIP NO.             097023105
                                         

(1)  NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS:
     The Chase Manhattan Corporation                SS# 13-2624428
     for McDonnell Douglas  Corporation 
     Master Savings Plans  (the "Plans") and Trust  SS# 43-0400674
     Administered by The Chase Manhattan Bank -     SS# 13-4494650
                                                          
(2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: 
                                                        (A) |_|
                                                        (B) |_|

(3)  SEC USE ONLY


(4)  CITIZENSHIP OR PLACE OF ORGANIZATION:     Delaware
                                               


NUMBER OF SHARES BENEFICIALLY
OWNED BY EACH REPORTING PERSON WITH:  

(5)  SOLE VOTING POWER:                   39,358      Common Shares 
                                            

(6)  SHARED VOTING POWER:                 50,228,273      Common Shares


(7)  SOLE DISPOSITIVE POWER:              39,358      Common Shares
                                                

(8)  SHARED DISPOSITIVE POWER:            50,228,273      Common Shares 


(9)  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

                                          50,267,631      Common Shares       

(10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:

                                          0 Common Shares

(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):

                                          5.03%      


(12) TYPE OF REPORTING PERSON:            HC                          
                                    

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                        SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, D.C.  20549

                                   SCHEDULE 13G/A

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934


FEE BEING PAID:          No


ITEM 1 (a)   NAME OF ISSUER:   Boeing Company
ITEM 1 (b)   ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
                                            
                               7755 East Marginal Way South
                               Seattle, WA  98108

ITEM 2 (a)   NAME OF PERSON FILING:

             The Chase Manhattan Corporation ("CMC"),
             its wholly owned subsidiary, The Chase
             Manhattan Bank, ("Chase") and McDonnell Douglas
             Corporation Master Savings Plans
             (the "Plans") and Trust Created Pursuant Thereto
             (collectively, the "Filing Persons") 

ITEM 2 (b)   ADDRESS OF PRINCIPAL BUSINESS OFFICE:

             The Chase Manhattan Corporation
             270 Park Avenue
             New York, NY 10022

             Attention: Anthony J. Horan, Corporate Secretary

             The Chase Manhattan Bank
             Global Investor Services
             770 Broadway - 10th Floor
             New York, NY  10011
             Attention:  Jay H. Berkowitz, Vice President

             McDonnell Douglas Master Savings Trust
             c/o The Chase Manhattan Bank, Master Trustee
             770 Broadway - 10th Floor
             New York, NY  10011
             Attention:  Jay H. Berkowitz, Vice President


ITEM 2 (c)   CITIZENSHIP:

             CMC is a corporation organized under the laws of the
             State of Delaware.

             Chase is a state banking association organized under
             the laws of the state of New York.

             The Plan is governed under the laws of the State
             of New York, to the extent not pre-empted by the
             Employee Retirement Income Security Act of 1974, 
             as amended ("ERISA").                          


ITEM 2 (d)   TITLE OF CLASS OF SECURITIES:

             Common Stock,  Par Value $0.01 Per Share ("Common Stock")
                               

ITEM 2 (e)   CUSIP NO: 097023105
                      
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ITEM 3.  If this statement is filed pursuant to Rule 13d-1(b),
         or 13d-2(b), check whether the persons filing are:

(a)  |_| Broker of 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
         Adviser Act of 1940.

(f)  |X| Employee Benefit Plan, Pension Fund which is subject to the
         provisions of the Employee Retirement Income Security Act of 1974
         or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F).

(g)  |X| Parent Holding Company, Inc. accordance with Rule 
         13d-1(b)(1)(ii)(G) (Note: See Item 7).

(h)  |_| Group, in accordance with Rule 13d-1(b) (1)(ii)(H).


Item 4.  Ownership:

(a)      Amount Beneficially Owned:

         The Plan and Trust created pursuant thereto beneficially own 
         50,228,273 shares of Common Stock.

            
(b)      Percent of Class:

         CMC beneficially owns approximately .001%.

         Chase and the Plan each beneficially own approximately 5.03%.

         Number of shares as to which the Filing Persons have:

          (i)   sole power to vote or to direct the vote:

                Chase and CMC have the sole power to vote or to direct
                the vote of 39,358 shares of Common Stock.

          (ii)  shared power to vote or to direct the vote:

                The Plan and Trust created pursuant thereto share the
                power to vote or to direct the vote of 50,228,273 shares
                of Common Stock.

                Chase and CMC share the power to vote  or to direct the
                vote of 39,358 shares of Common Stock.

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         (iii)  sole power to dispose or to direct the disposition of:

                Chase and CMC have the sole power to dispose or to direct
                the disposition of 39,358 shares of Common Stock.

          (iv)  shares power to dispose or to direct the disposition of:


                The Plan and Trust created pursuant thereto share the
                power to dispose or to direct the disposition of
                50,228,273 shares of commons Stock.

                Chase and CMC share the power to dispose or to direct the
                disposition of 39,358 shares of Common Stock.

           The 50,228,273 shares of Common Stock are held in the trust 
           created pursuant to the McDonnell Douglas Master Savings 
           Trust Agreement dated October 13, 1992, and as subsequently 
           amended, between Chase as Master Trustee (the "Master 
           Trustee") and McDonnell Douglas Corporation, for the benefit 
           of participants in the Plan (the "Trust").

           Except as set forth below, the Master Trustee is obligated, 
           under the terms of the Trust and the terms of the Plan, to 
           vote, tender  or exchange any Common Stock beneficially owned 
           by the Trust as directed by the participants in the Plan 
           (the "Participants").  For this purpose, each Participant is a named
           fiduciary with respect to all shares of Common Stock as to which 
           such Participant has the rights of direction with respect to voting,
           tender, exchange and any other rights appurtenant to such stock.

           Under the terms of the Trust and the terms of the Plan, the Master
           Trustee will vote shares of common stock allocated to the accounts
           of Participants in accordance with the instructions given by such
           Participants.  Unallocated shares of common Stock, together with
           any allocated shares for which no instructions are received (except
           for certain shares of common Stock allocated to Participants'
           accounts under the PAYSOP feature of the Plan (the "PAYSOP 
           Shares")),are voted by the Master Trustee in the same proportion 
           as the allocated shares of Common Stock for which instructions 
           are received.  PAYSOP Shares for which no instructions are 
           received are not voted by the Master Trustee.

           Pursuant to the terms of the Plan, the administrators of the Plan
           may cause the Master Trustee to dispose of shares of Common Stock
           under certain limited circumstances.

           The actions and duties of the Master Trustee under the terms of the
           Trust and the terms of the Plan, including but not limited to the
           provisions described above, are subject to the requirements of
           ERISA.

Item 5.    Ownership of Five Percent or Less of a Class: N/A

Item 6.    Ownership of More than Five Percent on Behalf of Another Person: N/A

Item 7.    Identification and Classification of the Subsidiary Which
           Acquired the Security Being Reported on By the Parent Holding
           Company:

As to CMC, this Schedule is filed pursuant to Rule 13d-1(b)(iii)(G).
Chase is a wholly owned subsidiary of CMC.  Chase is a bank as defined in
Section 3(a)(6) of the Securities Exchange Act of 1934.

Item 8.    Identification and classification of Members of the Group:  N/A

Item 9.    Notice of Dissolution of Group: N/A

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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 DO 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.

Exhibits   Exhibit 1- Joint Filing Agreement between The Chase Manhattan
           Corporation, The Chase Manhattan Bank and the McDonnell Douglas
           Corporation Master Savings Trust Created Pursuant thereto.


                               SIGNATURE

After reasonable inquiry and to the best of their knowledge and belief,
the undersigned certify that the information set forth in this statement 
is true, complete and correct.

                                THE CHASE MANHATTAN CORPORATION



Dated:  February 14, 1997       By: /s/ Anthony J. Horan      
                                    ---------------------------
                                        Anthony J. Horan                        
                                        Corporate Secretary

                        
                                THE CHASE MANHATTAN BANK

Dated:  February 14, 1997       By: /s/Patricia Giangrande
                                    ---------------------------
                                       Patricia Giangrande 
                                       Vice President

                                
                                MCDONNELL DOUGLAS MASTER SAVINGS TRUST CREATED 
                                PURSUANT THERETO

                                By:  THE CHASE MANHATTAN BANK
                                solely in its capacity as Master Trustee
                                of the Trust created pursuant to the
                                McDonnell Douglas Corporation Master Savings
                                Trust Agreement

Dated:  February 14, 1997       By: /s/Patricia Giangrande
                                    ---------------------------------   
                                       Patricia Giangrande
                                       Vice President

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EXHIBIT 1
                             JOINT FILING AGREEMENT

In accordance with Rule 13d-1(F) of Regulation 13D-G of the Securities
Exchange Act of 1934, the persons or entities below agree to the joint
filing on behalf of each of them of this Statement on Schedule 13G
(including any and all amendments thereto) with respect to the Common
Stock of Boeing Company, and further agree that this joint Filling
Agreement be included as an Exhibit to such joint filings.  In evidence
thereof the undersigned, being duly authorized, hereby execute this
Agreement this 14th day of February, 1997.

                                THE CHASE MANHATTAN CORPORATION



Dated:  February 14, 1997       By: /s/ Anthony J. Horan     
                                    ---------------------------
                                        Anthony J. Horan
                                        Corporate Secretary
    

                                THE CHASE MANHATTAN BANK

Dated:  February 14, 1997       BY: /s/Patricia Giangrande
                                    ---------------------------
                                       Patricia Giangrande 
                                       Vice President

                                MCDONNELL DOUGLAS MASTER SAVINGS TRUST
                                CREATED PURSUANT THERETO:

                                By: The CHASE MANHATTAN BANK
                                solely in its capacity as Master Trustee
                                of the Trust created pursuant to the

                                MCDONNELL DOUGLAS MASTER TRUST AGREEMENT


Dated:  February 14, 1997       BY: /s/Patricia Giangrande
                                    ---------------------------------         
                                       Patricia Giangrande
                                       Vice President




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