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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13D-1(B), (C) AND (D) AND AMENDMENTS THERETO FILED
PURSUANT TO 13D-2(B)
(Amendment No. 7)*
EAGLE FOOD CENTERS, INC.
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(NAME OF ISSUER)
COMMON STOCK, PAR VALUE $0.01 PER SHARE. 269514 10 5
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(TITLE OF CLASS OF SECURITIES) (CUSIP NUMBER)
DECEMBER 31, 1998
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(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)
Check the appropriate box to designate the rule pursuant
to which this Schedule is filed:
[_] Rule 13d-1(b)
[_] Rule 13d-1(c)
[x] Rule 13d-1(d)
*The remainder of this cover page should 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
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 purposes 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).
(Continued on following page(s))
(Page 1 of 6 Pages)
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CUSIP No. 269514 10 5 13G Page 2 of 6 pages
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<S> <C>
1 NAMES OF REPORTING PERSONS: ODYSSEY PARTNERS, L.P.
I.R.S. IDENTIFICATION NO. OF ABOVE
PERSONS (ENTITIES ONLY): 13-5614745
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF DELAWARE
ORGANIZATION:
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NUMBER OF 5 SOLE VOTING POWER: 4,211,730
SHARES
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BENEFICIALLY 6 SHARED VOTING POWER: 0
OWNED BY
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EACH 7 SOLE DISPOSITIVE POWER: 4,211,730
REPORTING
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PERSON WITH 8 SHARED DISPOSITIVE POWER: 0
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9 AGGREGATE AMOUNT BENEFICIALLY 4,211,730
OWNED BY EACH REPORTING PERSON:
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES [_]
CERTAIN SHARES:
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 38.5%
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12 TYPE OF REPORTING PERSON: PN
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ITEM 1
(a) NAME OF ISSUER:
Eagle Food Centers, Inc.
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
Route 67 & Knoxville Road
Milan, IL 61264
ITEM 2
(a) NAME OF PERSON FILING:
Odyssey Partners, L.P.
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Principal Business Office:
280 Park Avenue
New York, NY 10017
(c) CITIZENSHIP:
A Delaware limited partnership
(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.01 per share
(e) CUSIP NUMBER: 269514-10-5
ITEM 3
Not applicable.
ITEM 4 OWNERSHIP.
(a) Amount Beneficially Owned:
4,211,730 shares*
Page 3 of 6
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(b) Percent of Class:
38.5%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
4,211,730 shares
(ii) Shared power to vote or to direct the vote
-0-
(iii) Sole power to dispose or to direct the disposition of
4,211,730 shares
(iv) Shared power to dispose or to direct the disposition of
-0-
* Includes 227,345 shares in which Steven M. Friedman, a former general
partner of Odyssey Partners, L.P., has an economic interest, and 29,670
shares in which Salem D. Schuchman, a former associate of Odyssey Partners,
L.P., has an economic interest.
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.
The reporting person has granted certain persons the right to receive
dividends from, and the right to receive the proceeds from the sale of, the
shares of common stock of the Issuer beneficially owned by the reporting person.
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable.
Page 4 of 6
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ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9 NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10 CERTIFICATIONS.
Not applicable.
Page 5 of 6
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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.
February 10, 1999
ODYSSEY PARTNERS, L.P.
By: /s/ Jack Nash
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Name: Jack Nash
A General Partner
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