UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
National Convenience Stores Incorporated
________________________________________________________________
(Name of Issuer)
Common Shares
________________________________________________________________
(Title of Class of Securities)
635570-50-0
_________________________
(CUSIP Number)
Check the following box if a fee is being paid with this
statement ____. (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).
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SCHEDULE 13G
CUSIP No. 635570-50-0 Page 2 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Quaker Capital Management Corporation
_____________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ___
(b) X
___
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Pennsylvania
____________
NUMBER OF 5 SOLE VOTING POWER 7,500
SHARES
BENEFICIALLY 6 SHARED VOTING POWER 348,262
OWNED BY
EACH 7 SOLE DISPOSITIVE POWER 7,500
REPORTING
PERSON 8 SHARED DISPOSITIVE POWER 348,262
WITH
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
355,762
_______
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES __
The Reporting Person disclaims beneficial ownership of
348,262 shares owned by its clients.
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.88%
_____
12 TYPE OF REPORTING PERSON*
IA
__
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TO SCHEDULE 13G
CUSIP NO. 635570-50-0
Pursuant to Rule 13d-1 and 13d-2 promulgated under the
Securities Exchange Act of 1934, as amended, the undersigned
hereby files this Schedule 13G.
Item 1. (a) The name of the Issuer is
NATIONAL CONVENIENCE STORES INCORPORATED.
(b) The address of the Issuer's principal executive
offices is 100 WAUGH DRIVE, HOUSTON, TEXAS 77007.
Item 2. (a) The name of the person filing this report is
QUAKER CAPITAL MANAGEMENT CORPORATION
(the "Reporting Person").
(b) The address of the principal place of business of
the Reporting Person is THE ARROTT BUILDING,
401 WOOD STREET, SUITE 1300, PITTSBURGH,
PENNSYLVANIA 15222-1824.
(c) The Reporting Person is a corporation organized
and existing under the laws of the Commonwealth of
Pennsylvania.
(d) and (e) This report relates to the Common Stock of
NATIONAL CONVENIENCE STORES INCORPORATED
CUSIP NO. 635570-50-0.
Item 3. The Reporting Person is a corporation registered as an
Investment Adviser Under Section 203 of the Investment
Advisers Act of 1940.
Item 4. Ownership
_________
(a) The Reporting Person, in its capacity as
investment adviser, may be deemed to be the
beneficial owner of 348,262 shares of the Common
Stock of the Issuer which are owned by various
investment advisory clients of the Reporting
Person in accounts over which the Reporting Person
has discretionary authority. The filing of this
report shall not be construed as an admission that
the Reporting Person is, for purposes of Section
13(d) or 13(g) of the Act, the beneficial owner of
these securities. Additionally, the Reporting
Person and/or its principals own 7,500 shares of
the Common Stock of the Issuer.
(b) The shares covered by this report represent 5.88%
of the Common Stock of the Issuer.
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(c) None of the clients of the Reporting Person is
known to own more than 5% of the Common Stock of
the Issuer. The Reporting Person shares voting
and dispositive power over the 348,262 shares
owned by its clients and held in accounts over
which it has discretionary authority. The
Reporting Person and/or its principals have sole
voting and dispositive power over the 7,500 shares
owned by the Reporting Person and/or its
principals.
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
______________________________________
348,262 of the shares with respect to which this report
is filed are owned by a variety of investment advisory
clients of the Reporting Person, which clients are
entitled to receive dividends on and the proceeds from
the sale of such shares. No client is known to own
more than 5% of the class.
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 the
Members of the Group
________________________________________
Not applicable.
Item 9. Notice of Dissolution of a 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
involving such purposes or effect.
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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.
QUAKER CAPITAL MANAGEMENT CORPORATION
February 10, 1995 By: /s/ Mark G. Schoeppner
-------------------------------
Mark G. Schoeppner
President
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