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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. *)
ITT Educational Services, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
45068B 10 9
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(CUSIP Number)
Check the following box if a fee is being paid with this statement /X/.
(A fee is not required only if the filing person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes). CUSIP No. 45068B 10 9
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1) Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
ITT Corporation
13-5158950
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2) Check the Appropriate Box if a Member of a Group (a) / /
(See Instructions) (b) / /
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3) SEC Use Only
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4) Citizenship or Place of Organization
Delaware
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Number of (5) Sole Voting Power
Shares 10,000,000
Beneficially
Owned by ---------------------------------------------------
Each
Reporting (6) Shared Voting Power
Person - 0 -
With
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(7) Sole Dispositive Power
10,000,000
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(8) Shared Dispositive Power
- 0 -
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9) Aggregate Amount Beneficially Owned by Each Reporting Person
10,000,000
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) / /
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11) Percent of Class Represented by Amount in Row (9)
83.3%
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12) Type of Reporting Person (See Instructions)
HC
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Item 1(a). Name of Issuer:
ITT Educational Services, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
5975 Castle Creek Parkway, N. Drive,
Indianapolis, IN 46250
Item 2(a). Name of Person Filing:
ITT Corporation
Item 2(b). Address of Principal Business Office or, if none, Residence:
1330 Avenue of the Americas
New York, NY 10019
Item 2(c). Citizenship:
Delaware
Item 2(d). Title of Class of Securities:
Common stock
Item 2(e). CUSIP Number:
45068B 10 9
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
Not applicable
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Item 4. Ownership.
(a) Amount Beneficially Owned:
10,000,000
(b) Percent of Class:
83.3%
(c) Number of shares as to which such person has:
<TABLE>
<CAPTION>
<S> <C>
(i) sole power to vote or to direct the vote 10,000,000
(ii) shared power to vote or to direct the vote - 0 -
(iii) sole power to dispose or to direct the disposition of 10,000,000
(iv) shared power to dispose or to direct the disposition of - 0 -
</TABLE>
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.
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.
Not Applicable
Item 9. Notice of Dissolution of Group.
Not Applicable
Item 10. Certification.
Not Applicable
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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: April 13, 1995
ITT CORPORATION
By Walter F. Diehl, Jr.
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Walter F. Diehl, Jr.
Vice President
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