OMB APPROVAL
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OMB Number 3235-0287
Expires: September 30, 1998
Estimated average burden
hours per response ....... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of
1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Esping Kathryn Ayres
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(Last) (First) (Middle)
4330 Bordeaux
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(Street)
Dallas TX 75205
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
July 24, 1998
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3. IRS or Social Security Number of Reporting Person (voluntary)
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4. Issuer Name and Ticker or Trading Symbol
BRC Holdings, Inc. (BRCP)
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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6. If Amendment, Date of Original (Month/day/Year)
N/A
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7. Individual or Joint/Group Filing (Check Applicable Line)
[ X ] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
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<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Beneficially Owned
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2. 3.
1. Amount of Securities Ownership Form
Title of Security Beneficially Owned Direct (D) or 4.
(Instr. 4) (Instr. 4) Indirect (I) Nature of Indirect Beneficial Ownership
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<S> <C> <C> <C>
Common Stock, par value $.10 2,528,516 D(1)
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Common Stock, par value $.10 4,516 I(1) Represents securities held in the
Issuer's 401(k) Plan (3)
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Common Stock, par value $.10 127,858 I(2) Represents securities held by the
Esping Family foundation, Inc.
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, See Instruction
5(b)(v).
</TABLE>
<PAGE>
FORM 3 (continued)
<TABLE>
<CAPTION>
Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls,warrants,
options, convertible securities)
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3.
Title and Amount
2. of Securities
Date Exercisable and Underlying 5.
Expiration Date Derivative Security 4. Ownership
(Month/Day/Year) (Instr. 4) Conversion Form of 6.
1. -------------------- -------------------------- or Exercise Derivative Nature
Title of Date Expira- Amount or Price of Security: of Indirect
Derivative Security Exer- tion Number of Derivative Direct (D) Beneficial
(Instr. 4) cisable Date Title Shares Security or Indirect (I) Ownership
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<S> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Options (4) (4) Common stock 300,000 $18.75 D(1)
(Right to Buy) par value $.10
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</TABLE>
Explanation of Responses:
(1) Represents securities held by the Reporting Person as Independent
Executor of the Estate of P.E. Esping, the former Chairman of the
Board and Chief Executive Officer of the Issuer. The Reporting
Person was qualified as the Independent Executor of the Estate of
P.E. Esping on July 24, 1998.
(2) The Reporting Person is a director of the Esping Family Foundation,
Inc., a charitable organization organized under the laws of the
State of Texas. The Reporting Person disclaims ownership of the
securities of the Issuer held by the Esping Family Foundation, Inc.
(3) The securities held by the Issuer's 401(k) Plan, as reported herein,
are held for the benefit of P.E. Esping, deceased. The Reporting
Person is acting as the Independent Executor of the Estate of
P.E. Esping.
(4) The Employee Stock Options described herein became exercisable
for a period of one year following the death of P.E. Esping on
July 30, 1998, as a result of such death.
/s/ KATHRYN AYRES ESPING July 29, 1998
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78f(a).
Note: File three copies of this Form, one of which must be manually
signed. If space provided is insufficient, see Instruction 6
for procedures.
