<PAGE>
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __________)*
Baldwin Piano & Organ Company
- --------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------
(Title of Class of Securities)
058246109
- --------------------------------------------------------------------------
(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).
<PAGE>
<PAGE>
CUSIP NO. 058246109
- --------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. or I.R.S. Identification No. of above person
COLUMBIA MANAGEMENT CO.
- --------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
OREGON
- --------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH:
5. SOLE VOTING POWER
---------------------------------------------------------------------
6. SHARED VOTING POWER
---------------------------------------------------------------------
7. SOLE DISPOSITIVE POWER
---------------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
193,000
- --------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
193,000 Columbia Management Co. disclaims beneficial
ownership of these shares.
- --------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
- --------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.65
- --------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
IA
- --------------------------------------------------------------------------
<PAGE>
<PAGE>
Item 1(a). Name of Issuer
- --------- --------------
Baldwin Piano & Organ Company
Item 1(b). Address of Issuer's Principal Executive Offices
- --------- -----------------------------------------------
422 Wards Corner Road
Loveland, OH 45140-8390
Item 2(a). Names of Persons Filing
- --------- -----------------------
This Schedule 13G is filed on behalf of Columbia
Management Co. (CMC).
Item 2(b). Address of Principal Business Office, or if
- --------- none, Residence
-------------------------------------------
1300 SW Sixth Avenue
PO Box 1350
Portland, OR 97207
Item 2(c). Citizenship
- --------- -----------
CMC is a corporation incorporated under the laws
of Oregon.
Item 2(d). Title of Class of Securities
- --------- ----------------------------
Common Stock, $.01 par value
Item 2(e). CUSIP NUMBER
- --------- ------------
058246109
Item 3. Type of Reporting Person
- ------ ------------------------
(a) [ ] Broker or Dealer registered under
Section 15 of the Act
(b) [ ] 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) [XX] Investment Adviser Registered under
section 203 of the Investment Advisers
Act of 1940
<PAGE>
(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) [ ] Parent Holding Company, in accordance
with Section 240.13d-1(b)(ii)(G)
(NOTE: See Item 7)
(h) [ ] Group, in accordance with Section
240.13d-1(b)(1)(ii)(H)
Item 4. Ownership:
- ------ ---------
CMC is the investment adviser to CMC Small Cap Fund
(CMC Small Cap), a portfolio of CMC Fund Trust (CFT),
an investment company registered under the Investment
Company Act of 1940. Columbia Trust Company (CTC) is
the trustee for collective investment funds in which
tax-qualified employee benefit plans participate.
CTC has entered into an agreement with CMC pursuant
to which CMC provides research and investment advice
to CTC.
As a result of the relationships described above, CMC
may be deemed, under regulations of the Securities
and Exchange Commission, to be the beneficial owner
of 193,000 shares, or 5.65%, of the Issuer's Common
Stock as of December 31, 1993, as described in more
detail in the table below.
<TABLE>
<CAPTION>
Number of Approx. Dispositive
Shares Percent Record Holder Voting Power Power
- ---------- ------- ------------- ------------ -----------
<S> <C> <C> <C> <C>
155,800 4.56 CMC Small Cap CMC Small Cap CMC Small Cap
& CMC
37,200 1.09 CTC CTC CTC & CMC
- ------- ----
193,000 5.65 Total Shares
</TABLE>
Item 5. Ownership of Five Percent or Less of a Class
- ------ --------------------------------------------
INAPPLICABLE
<PAGE>
Item 6. Ownership of More than Five Percent on Behalf of
- ------ Another Person
------------------------------------------------
See Item 4.
Item 7. Identification and Classification of the Subsidiary
- ------ Which Acquired the Security Being Reported on By the
Parent Holding Company
----------------------------------------------------
INAPPLICABLE
Item 8. Identification and Classification of Members of the
- ------ Group
---------------------------------------------------
INAPPLICABLE
Item 9. Notice of Dissolution of Group
- ------ ------------------------------
INAPPLICABLE
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.
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: January 31, 1994
COLUMBIA MANAGEMENT CO.
By: GEORGE L. HANSETH
---------------------------------------------
George L. Hanseth, Vice President
