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OMB APPROVAL
OMB Number 3235-0145
Expires: August 31, 1991
Estimated average burden hours per
response.....................14.90
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
American Classic Voyages Co.
(NAME OF ISSUER)
Common Stock, par value $.01
(TITLE OF CLASS OF SECURITIES)
024928 10 3
(CUSIP NUMBER)
Check the following box if a fee is being paid with the statement [ ]. (A fee is
not required only if the reporting 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 our 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 on 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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CUSIP NO. 024928 10 3 13G Page 2 of 5 Pages
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Equity - DQSB, Inc.
36-3800516
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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 ORGANIZATION
Illinois
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(5) SOLE VOTING POWER
NUMBER OF 7,100,747
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 7,100,747
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(8) SHARED DISPOSITIVE POWER
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,100,747
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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
51.2%
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(12) TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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AMERICAN CLASSIC VOYAGES CO.
COMMON STOCK, PAR VALUE $.01
CUSIP NUMBER 024928 10 3
ITEM 1(a). NAME OF ISSUER
American Classic Voyages Co.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
Two North Riverside Plaza
Suite 200
Chicago, Illinois 60606
ITEM 2(a). NAME OF PERSON FILING
Equity - DQSB, Inc. ("Equity")
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE,
RESIDENCE
Two North Riverside Plaza
Suite 600
Chicago, Illinois 60606
ITEM 2(c). CITIZENSHIP
Illinois
ITEM 2(d). TITLE OF CLASS OF SECURITIES
Common Stock, par value $.01 ("Shares")
ITEM 2(e). CUSIP NUMBER
024928 10 3
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR
13d-2(b), CHECK WHETHER THE PERSON FILING IS A
Not applicable.
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ITEM 4. OWNERSHIP
Equity beneficially owns 7,100,747 shares or 51.2% of the
shares outstanding. Equity has the sole power to vote or to
direct the vote of the 7,100,747 shares beneficially owned by
it and the sole power to dispose or to direct the disposition
of such shares.
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
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.
ITEM 10. CERTIFICATE
Not applicable.
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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.
Dated: February 14, 1997
EQUITY - DQSB, Inc.
By: /s/ Sheli Z. Rosenberg
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Sheli Z. Rosenberg
Its: Vice President
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