SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 1
SCHEDULE 13D
Under the Securities Exchange Act of 1934
ENSCO INTERNATIONAL, INC.
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(Name of Issuer)
Common Stock, $0.10 Par Value
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(Title of Class of Securities)
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0002927191
(CUSIP NUMBER)
CAMBRIDGE INVESTMENTS, LTD.
600 Montgomery Street
43rd Floor
San Francisco, California 94111
Tel. No.: (415) 781-0866
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
- with copies to -
Michael G. Tannenbaum, Esq.
Newman Tannenbaum Helpern Syracuse & Hirschtritt LLP
900 Third Avenue - 13th Floor
New York, New York 10022
(212) 508-6700
December 12, 1997
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(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d- 1(b)(3) or (4) check the following box [ ]
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, as amended ("Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act.
Page 1 of 8 Pages
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CUSIP No. 0002927191 13D
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Cambridge Investments, Ltd.
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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 SOURCE OF FUNDS*
00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 6,372,060 shares of Common Stock (See Item 5)
OWNED BY
EACH
REPORTING
PERSON WITH
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8 SHARED VOTING POWER
85,350 shares of Common Stock (See Item 5)
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9 SOLE DISPOSITIVE POWER
6,372,060 shares of Common Stock (See Item 5)
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10 SHARED DISPOSITIVE POWER
85,350 shares of Common Stock (See Item 5)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,457,410 shares of Common Stock (See Item 5.)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.50% of Common Stock (See Item 5)
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14 TYPE OF REPORTING PERSON*
IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT
Page 2 of 8 Pages
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AMENDMENT NO. 1 TO
SCHEDULE 13D
This Amendment No. 1 to Schedule 13D is being filed on behalf
of Cambridge Investments, Ltd. ("Cambridge" or "CIL"), a California corporation,
registered as an investment advisor in the State of California, regarding shares
of Ensco International, Inc. acquired on behalf of certain of its clients.
Item 1. Security and Issuer
Securities acquired: Common Stock, $0.10 par value
Issuer: Ensco International, Inc. (the "Issuer")
2700 Fountain Place
1445 Ross Avenue
Dallas, TX 75202-2792
(214) 922-1500
Item 2. Identity and Background
There is no change in this section.
Item 3. Source and Amount of Funds
Cambridge, through Cambridge Energy, L.P. ("CELP"), Cambridge
Energy Fund International Ltd. ("CEF") Cambridge Oil & Gas, L.P. ("COG"),
Cambridge Oil & Gas International, Ltd. ("COG Int'l"), Palamundo, LDC ("PAL"),
Quantum Partners, LDC ("QUE"), Cambridge Profit Sharing Plan (the "Plan") and
Cambridge (collectively, the "Funds"), has invested approximately
$126,688,693.20 in Common Stock of the Issuer as described in Item 5 below.
CELP, CEF, COG, COG Int'l., PAL, QUE, the Plan, and Cambridge have invested
approximately $27,269,144.06, $33,156,094.21, $14,600,748.05, $7,132,419.21,
$1,654,808.20, $14,898,468.73, $11,435,396.86 and $8,887,813.55, respectively.
The source of these funds was the respective working capital of each of the
Funds. John R. Tozzi ("JRT"), the sole shareholder of CIL, may be deemed to have
invested directly and indirectly approximately $7,653,720.53.
Item 4. Purpose of the Transaction
There is no change in this section
Page 3 of 8 Pages
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Item 5. Interest in Securities of the Issuer
(a) Cambridge is the beneficial owner of 6,457,410 shares of
Common Stock, or 4.5% shares of the shares outstanding. Of the 6,457,410 shares
of Common Stock described above, (i) 1,766,374 are deemed beneficially owned by
Cambridge in its capacity as investment advisor for the institutional account of
CELP; (ii) 1,717,875 are deemed beneficially owned by Cambridge in its capacity
as investment advisor for the institutional account of CEF; (iii) 566,500 are
deemed beneficially owned by Cambridge in its capacity as investment advisor for
the institutional account of COG; (iv) 212,500 are deemed beneficially owned by
Cambridge in its capacity as investment advisor for the institutional account of
COG Int'l.; (v) 68,259 are deemed beneficially owned by Cambridge in its
capacity as investment advisor for the institutional account of Palamundo; (vi)
486,352 are deemed beneficially owned by Cambridge in its capacity as investment
advisor for the institutional account of QUE; (vii) 931,600 are deemed
beneficially owned by Cambridge in its capacity as investment advisor for the
institutional account of the Plan; and (viii) 264,000 are deemed beneficially
owned by Cambridge in its capacity as investment advisor for its institutional
account. JRT, directly and indirectly, may be deemed the beneficial owner of
443,950 shares of Common Stock or, in the aggregate, 0.31% of the shares
outstanding.
The number of shares beneficially owned by Cambridge, and the
percentage of outstanding shares represented thereby, have been computed in
accordance with Rule 13d-3 under the Act. The percentage of ownership of
Cambridge on December 29, 1997 is based on 142,282,699 outstanding shares of
Common Stock as reported in the Issuer's Quarterly Report on Form 10-Q as filed
with the Securities and Exchange Commission for the quarter ended September 30,
1997.
(b) Cambridge has the sole power to vote and dispose of the
shares of Common Stock held for the institutional accounts of CELP, CEF, COG,
COG Int'l., PAL, QUE, the Plan and Cambridge mentioned above. JRT has the sole
power to vote and dispose of 358,600 shares of Common Stock held by him directly
or through a charitable organization established by JRT. JRT has shared power to
vote and dispose of the remaining 85,350 of the shares of Common Stock which are
owned by JRT's family.
(c) The transactions in the Issuer's securities by Cambridge
over the last sixty (60) days are listed as Annex A attached hereto and made
apart hereof.
(d) The Funds, respectively, JRT's charitable organization and
JRT's family have the right to participate in the receipt of dividends from, or
proceeds from the sale of securities held on behalf of such funds.
(e) Not Applicable.
Page 4 of 8 Pages
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Item 6. Contracts, Arrangement, Understandings or Relationships with
Respect to Securities of the Issuer
There is no change in this section.
Item 7. Material to be Filed as Exhibits
There is no change in this section.
Page 5 of 8 Pages
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<TABLE>
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ESV
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<S> <C> <C> <C> <C>
DATE ACCOUNT TRANS SHARES PRICE
(A/D) ($)
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11/13/97 JRT A 15000 38.18
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11/13/97 JRT D 15000 39.06
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11/14/97 PAL D 950 39.61
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11/14/97 PAL D 1150 39.61
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11/14/97 PAL D 1900 39.61
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11/14/97 QUE D 31000 39.61
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11/17/97 CEF D 14400 40.95
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11/17/97 CEF D 7600 40.95
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11/17/97 CELP D 15850 40.95
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11/17/97 CELP D 4400 40.95
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11/17/97 CELP D 750 40.95
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11/17/97 QUE D 9500 40.95
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11/18/97 CEF D 9600 38.79
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11/18/97 CELP D 2450 38.79
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11/18/97 CELP D 5750 38.79
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11/18/97 QUE D 2200 38.79
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12/05/97 CEF D 16000 38.3
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12/05/97 CEF D 32000 38.3
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12/05/97 CEF D 9763 38.78
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12/05/97 CEF D 16537 38.78
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12/05/97 CEF D 7463 38.3
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12/05/97 CELP D 3200 38.3
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12/05/97 CELP D 8014 38.78
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12/05/97 CELP D 21786 38.3
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12/05/97 CELP D 3450 38.3
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12/05/97 CELP D 14986 38.78
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12/05/97 CELP D 20000 38.3
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12/05/97 PAL D 8253 38.3
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12/05/97 QUE D 7000 38.77
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12/05/97 QUE D 14948 38.3
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12/08/97 CEF D 37200 12.76
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12/08/97 CELP D 21200 39.64
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12/08/97 CELP D 6586 39.64
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12/08/97 CELP D 5014 39.64
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12/08/97 QUE D 8452 39.64
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12/08/97 QUE D 1948 39.64
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12/09/97 CEF D 16800 39.03
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12/09/97 CELP D 12000 39.03
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12/09/97 QUE D 6200 39.03
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12/10/97 CEF D 3437 38.61
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12/10/97 CEF D 4563 38.61
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12/10/97 CEF D 25000 38.61
</TABLE>
Page 6 of 8 Pages
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<TABLE>
<S> <C> <C> <C> <C>
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12/10/97 CELP D 2614 38.61
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12/10/97 CELP D 10386 38.61
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12/10/97 CELP D 21200 38.61
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12/10/97 QUE D 19800 38.61
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12/11/97 CEF D 20000 36.3
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12/11/97 CEF D 29800 36.3
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12/11/97 CEF D 6163 36.3
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12/11/97 CEF D 15437 36.3
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12/12/97 CEF D 10100 35.17
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12/12/97 CELP D 16986 35.17
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12/12/97 CELP D 414 35.17
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12/12/97 CELP D 10400 35.17
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12/12/97 CELP D 14000 35.17
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12/12/97 CELP D 60400 35.17
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12/12/97 QUE D 31700 35.17
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</TABLE>
Page 7 of 8 Pages
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Signatures
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: January 16, 1998
CAMBRIDGE INVESTMENTS, LTD.
By: /s/Jocelyn E. Weingart,
Vice President
Page 8 of 8 Pages
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