<PAGE>
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. 2)/1/
The Elder-Beerman Stores Corp.
------------------------------
(Name of Issuer)
Common Stock, no par value
--------------------------
(Title of Class of Securities)
284470101
-----------------------
(CUSIP Number)
June 7, 1999
--------------------
(Date of Event Which Requires Filing of this Statement)
_____________________
/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 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 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. 284470101 13G PAGE 2 OF 16 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PPM America Special Investments Fund, L.P; I.D. No. 36-4086849
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 1,164,242
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,164,242
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,164,242
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
7.26%
- ------------------------------------------------------------------------------
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 284470101 13G PAGE 2 OF 16 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 284470101 13G PAGE 3 OF 16 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PPM America Fund Management GP, Inc.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 1,164,242/2/
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,164,242
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,164,242
- ------------------------------------------------------------------------------
___________________
/2/ All of the securities covered by this report are owned legally by PPM
America Special Investments Fund, L.P., and none are owned directly or
indirectly by PPM America Fund Management GP, Inc. As permitted by Rule 13d-4,
the filing of this statement shall not be construed as an admission that PPM
America Fund Management GP, Inc. is the beneficial owner of any of the
securities covered by this statement.
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 284470101 13G PAGE 3 OF 16 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
7.26%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 284470101 13G PAGE 6 OF 16 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PPM America Special Investments CBO II, L.P., I.D. No. 98-0179401
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [x]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 680,732
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
680,732
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
680,732
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 284470101 13G PAGE 7 OF 16 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
4.24%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 284470101 13G PAGE 8 OF 16 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PPM America CBO II Management Company
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [x]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 680,732/3/
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
680,732
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
680,732
- ------------------------------------------------------------------------------
_____________
/3/ All of the securities covered by this report are owned legally by PPM
America Special Investments CBO II, L.P., and none are owned directly or
indirectly by PPM America CBO II Management Company. As permitted by Rule 13d-4,
the filing of this statement shall not be construed as an admission that PPM
America CBO II Management Company is the beneficial owner of any of the
securities covered by this statement.
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 284470101 13G PAGE 9 OF 16 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
4.24%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 284470101 13G PAGE 10 OF 16 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PPM America, Inc.; I.D. No. 36-3714794
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [x]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 1,844,974/4/
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING
None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,844,974
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,844,974
- ------------------------------------------------------------------------------
________________
/4/ All of the securities covered by this report are owned legally by PPM
America Inc.'s investment advisory clients, and none are owned directly or
indirectly by PPM America, Inc. As permitted by Rule 13d-4, the filing of this
statement shall not be construed as an admission that PPM America, Inc. is the
beneficial owner of any of the securities covered by this statement.
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 284470101 13G PAGE 11 OF 16 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
11.5%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IA
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1(a) Name of Issuer
--------------
The Elder-Beerman Stores Corp. (The "Issuer")
Item 1(b) Address of Issuer's Principal Executive Offices
-----------------------------------------------
3155 El-Bee Road
Dayton, Ohio 45401
Item 2(a) Name of Person Filing
---------------------
(1) PPM America Special Investments Fund, L.P. ("SIF I")
(2) PPM America Special Investments CBO II, L.P. ("CBO II")
(3) PPM America, Inc. ("PPM")
(4) PPM America Fund Management GP, Inc. ("SIF I GP")
(5) PPM America CBO II Management Company ("CBO II GP")
Item 2(b) Address of Principal Business Office
------------------------------------
The address for SIF I, CBO II, PPM, SIF I GP and CBO II GP is:
225 West Wacker Drive, Suite 1100A
Chicago, Illinois 60606
Item 2(c) Citizenship
-----------
Delaware
Item 2(d) Title of Class of Securities
----------------------------
Common Stock, no par value (the "Securities")
Item 2(e) CUSIP No.
---------
284470101
<PAGE>
Item 3 If this statement is filed pursuant to Rules 13d-1(c)
check this box. [X]
--------------
This statement is also being filed by PPM as a registered investment
adviser to SIF I and CBO II, and by SIF I GP and CBO II GP, solely in
their capacity as the general partner of SIF I and CBO II,
respectively. All of the securities covered by this report are owned
legally by PPM's investment advisory clients and none are owned
directly or indirectly by PPM, SIF I GP or CBO II GP. As permitted by
Rule 13d-4, the filing of this statement shall not be construed as an
admission that each of PPM, SIF I GP or CBO II GP is the beneficial
owner of any of the securities covered by this statement.
Item 4 Ownership
---------
(a) Amount beneficially owned by:
SIF I: 1,164,242 shares
SIF I GP: 1,164,242 shares/5/
CBO II: 680,732 shares
CBO II GP: 680,732 shares
PPM: 1,844,974 shares
(b) Percent of class by:
SIF I: 7.26%
SIF I GP: 7.26%/6/
CBO II: 4.24%
CBO II GP: 4.24%
PPM: 11.5%
_____________________
/5/ All of the securities covered by this report are owned legally by PPM's
investment advisory clients and none are owned directly or indirectly by PPM,
SIF I GP or CBO II GP. As permitted by Rule 13d-4, the filing of this statement
shall not be construed as an admission that each of PPM, SIF I GP or CBO II GP
is the beneficial owner of any of the securities covered by this statement.
/6/ All of the securities covered by this report are owned legally by PPM's
investment advisory clients and none are owned directly or indirectly by PPM,
SIF I GP or CBO II GP. As permitted by Rule 13d-4, the filing of this statement
shall not be construed as an admission that each of PPM, SIF I GP or CBO II is
the beneficial owner of any of the securities covered by this statement.
<PAGE>
(c) Number of shares to which such person has:
(i) sole power to vote or to direct the vote: -0-
(ii) shared power to vote or to direct the vote by:
SIF I: 1,164,242 shares
SIF I GP: 1,164,242 shares/7/
CBO II: 680,732 shares
CBO II GP: 680,732 shares
PPM: 1,844,974 shares
(ii) sole power to dispose or to direct the disposition of: -0-
(iv) shared power to dispose or to direct the disposition of by:
SIF I: 1,164,242 shares
SIF I GP: 1,164,242 shares/8/
CBO II: 680,732 shares
CBO II GP: 680,732 shares
PPM: 1,844,974 shares
Item 5 Ownership of Five Percent or Less of a Class
--------------------------------------------
Not Applicable (N/A)
Item 6 Ownership of More Than Five Percent on Behalf of Another Person
---------------------------------------------------------------
N/A
Item 7 Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company
---------------------------------------------------------------------
N/A
Item 8 Identification and Classification of Members of the Group
---------------------------------------------------------
N/A
________________
/7/ All of the securities covered by this report are owned legally by PPM's
investment advisory clients and none are owned directly or indirectly by PPM,
SIF I GP or CBO II GP. As permitted by Rule 13d-4, the filing of this statement
shall not be construed as an admission that each of PPM, SIF I GP or CBO II GP
is the beneficial owner of any of the securities covered by this statement.
/8/ All of the securities covered by this report are owned legally by PPM's
investment advisory clients and none are owned directly or indirectly by PPM,
SIF I GP or CBO II GP. As permitted by Rule 13d-4, the filing of this statement
shall not be construed as an admission that each of PPM, SIF I GP or CBO II GP
is the beneficial owner of any of the securities covered by this statement.
<PAGE>
Item 9 Notice of Dissolution of Group:
------------------------------
N/A
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.
<PAGE>
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.
Date: July 9, 1999
PPM AMERICA SPECIAL INVESTMENTS PPM AMERICA SPECIAL INVESTMENTS
FUND, L.P. CBO II, L.P.
By: PPM America, Inc. PPM America, Inc.
As Attorney-in-Fact As Attorney-in-Fact
By: /s/ Brian T. Schinderle By: /s/ Brian T. Schinderle
------------------------------------ ---------------------------------
Brian T. Schinderle Brian T. Schinderle
Senior Managing Director Senior Managing Director
PPM AMERICA FUND MANAGEMENT PPM AMERICA, INC.
GP, INC.
By: PPM America, Inc. By: /s/ Brian T. Schinderle
As Attorney-in-Fact ---------------------------------
Brian T. Schinderle
Senior Managing Director
By: /s/ F. John Stark, III
------------------------------------
F. John Stark, III
Senior Vice President and Secretary
PPM AMERICA CBO II MANAGEMENT
COMPANY
By: PPM America, Inc.
As Attorney-in-Fact
By: /s/ F. John Stark, III
------------------------------------
F. John Stark, III
Senior Vice President and Secretary
