SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13D-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13D-1(B) (C), AND (D) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13D-2(B)
(AMENDMENT NO. 1) 1/
Spinnaker Industries, Inc.
(Name of Issuer)
Common Stock, no par value per share
(Title of Class of Securities)
848926101
(CUSIP Number)
May 1, 1998
(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)
__
/X_/ Rule 13d-1(c)
__
/__/ Rule 13d-1(d)
_______________
1/ 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 p`age.
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>
CUSIP NO. 848926101 13G Page 2 of 5 Pages
======== ===============================+======================================
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
S.D. Warren Company
======== ======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS)
(A)
N/A (B)
======== ======================================================================
3 SEC USE ONLY
======== ======================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
The Commonwealth of Pennsylvania
=========================== ======== ==========================================
5 SOLE VOTING POWER
NUMBER OF 0
SHARES ======== ==========================================
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ======== ==========================================
PERSON 7 SOLE DISPOSITIVE POWER
WITH
0
======== ==========================================
8 SHARED DISPOSITIVE POWER
0
===============================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
===============================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
N/A
===============================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0
======== ======================================================================
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
<PAGE>
CUSIP NO. 848926101 13G Page 3 of 5 Pages
ITEM 1(A). NAME OF ISSUER:
Spinnaker Industries, Inc., a Delaware corporation (the "Company")
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
600 N. Pearl Street, Suite 2160
Dallas, TX 75201
ITEM 2(A). NAME OF PERSON FILING:
S.D. Warren Company
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
225 Franklin Street
Boston, MA 02110
ITEM 2(C). CITIZENSHIP:
The Commonwealth of Pennsylvania
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock, no par value per share, (the "shares")
ITEM 2(E). CUSIP NUMBER:
848926101
<PAGE>
CUSIP No. 848926101 13G Page 4 of 5 Pages
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B)
OR (C), CHECK WHETHER THE PERSON FILING IS A:
Not applicable; filed pursuant to Rule 13d-1(c).
ITEM 4. OWNERSHIP:
Not applicable.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
[X]
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.
<PAGE>
CUSIP NO. 848926101 13G Page 5 of 5 Pages
ITEM 10. CERTIFICATION:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not
acquired and are not held in connection with or as a participant in
any transaction having that purpose or effect.
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.
May 1, 1998
(Date)
By: /s/ Sarah G. Manchester
Name: Sarah G. Manchester
Title: Assistant Secretary and
Assistant General
Counsel
