UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Chock Full O Nuts Corp
(Name of Issuer)
Common Stock, $.25 par value
(Title of Class of Securities)
17026810
(CUSIP Number)
CUSIP No. 69076840
(1) Names of Reporting Persons; S.S. or I.R.S. Identification Nos. of
Reporting Persons
Union Bank of Switzerland, None
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X This report includes holdings of certain subsidiaries of the Union
Bank of Switzerland (UBS) pursuant to a no action letter to UBS
by the staff of the SEC dated November 23, 1992. UBS does not hereby
affirm the existence of a group within the meaning of
Rule 13d-5(6)(1).
(3) SEC Use Only
(4) Citizenship or Place of Organization
Switzerland
Number of Shares Beneficially Owned by Each Reporting Person
With:
(5) Sole Voting Power
607,533 shares of common stock
(6) Shared Voting Power
15,000 shares of common stock
(7) Sole Dispositive Power
607,533 shares of common stock
(8) Shared Dispositive Power
(9) Aggregate Amount Beneficially Owned by Each Reporting
Person
622,533 shares of Common Stock
(10) Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions)
(11) Percent of Class Represented by Amount in Row (9)
Approximately 5.5%
(12) Type of Reporting Person (See Instructions)
00
Item 1 (a) Name of Issuer:
Chock Full O Nuts Corp
Item 1 (b) Address of Issuer's Principal Executive Offices:
370 Lexington Avenue, New York, NY 10017
Item 2 (a) Name of Persons Filing:
Union Bank of Switzerland
Item 2 (b) Addresses of Principal Business Offices or,
if none, Residence:
Bahnhofstrasse 45, 8021 Zurich, Switzerland
Item 2 (c) Citizenship:
Switzerland
Item 2 (d) Title of Class of Securities:
Common Stock, $.25
Item 2 (e) CUSIP Number:
17026810
Item 3 If this statement is filed pursuant to Rules 13d-1(b),
or 13(d)-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 - See
Item 2(b) of cover sheet
(c) Insurance Company as defined in section 3(a) (19) of the Act
(d) Investment Company registered under section 8 of the Investment
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 sect 240.13d-1(b) (1) (ii) (F)
(g) Parent Holding Company, in accordance with sect 240.13d-1(b) (ii) (G)
(Note: See Item 7)
(h) X Group, in accordance with sect 240.13d-1(b) (1) (ii) (H)
See item 2(b) of the cover sheet
Item 4 Ownership
If the percent of the class owned, as of December 31 of the year covered
by the statement, or as of the last day of any month described in
Rule 13d-1(b) (2), if applicable, exceeds five percent, provide the following
information as of that date and identify those shares which there is a right to
acquire.
.
(a) Amount Beneficially Owned:
622,533 shares of Common Stock
(b) Percent of Class:
Approximately 5.5%
(c) Number of shares as to which such person has:
(I) sole power to vote or to direct the vote
607,533 shares of common stock
(ii) shared power to vote or to direct the vote
15,000 shares of common stock
(iii) sole power to dispose or to direct the disposition of
607,533 shares of common stock
CUSIP No. 69076840
(iv) shared power to dispose or to direct the disposition of
Item 5 Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than
five percent of the class securities, check the following [ ]
Item 6 Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable
Item 7 Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company
Not Applicable
Item 8 Identification and Classification of Members of the Group
See Exhibit A attached.
Item 9 Notice of Dissolution of Group
Not Applicable
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
purposes or effect.
Index of Materials Filed as Exhibits
Exhibit A Identification and Classification of Members of Group
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.
Date: February 11, 1997
Union Bank of Switzerland
By:
Name: Robert C. Dinerstein
Title: Senior Managing Director
and General Counsel
By:
Name: Janet R. Zimmer
Title: Managing Director
Exhibit A
Union Bank of Switzerland
Bank*
UBS Inc.
Parent Holding Company
UBS Finance (Delaware) Inc.
Parent Holding Company
UBS Securities LLC
Broker Dealer
Classified pursuant to no-action relief granted to Union Bank of Switzerland
by the staff of the Securities and Exchange Commission in a letter dated
November 23, 1992.
