ELECTRONIC DATA SYSTEMS CORP
SC 13G, 1996-07-08
INVESTORS, NEC
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<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  Schedule 13G

                    Under the Securities Exchange Act of 1934
                             (Amendment No. ______)


                         Electronic Data Systems Corp.
 -------------------------------------------------------------------------------
                                (Name of Issuer)


                                     Common
                  ---------------------------------------------
                         (Title of Class of Securities)
                 
                                  285661 10 4
                  ---------------------------------------------
                                 (CUSIP Number)


Check the following box if a fee is being paid with this statement. /X/ (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).

                        (Continued on following pages(s))

                                Page 1 of 5 Pages
<PAGE>   2
CUSIP No. 285661 10 4                 13G                         Page  2  of  5




1         NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                 U.S. Trust Company of New York                 13-5459866



2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

          N/A                                               (a) / /

                                                            (b) / /


3         SEC USE ONLY

4         CITIZENSHIP OR PLACE OF ORGANIZATION
 
          New York


                              5       SOLE VOTING POWER
                               
                                            - 0 -
            NUMBER OF
             SHARES           6       SHARED VOTING POWER
          BENEFICIALLY         
            OWNED BY                      91,037,219
              EACH
            REPORTING         7       SOLE DISPOSITIVE POWER
             PERSON            
              WITH                          - 0 -

                              8       SHARED DISPOSITIVE POWER
                               
                                            See 6



9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
          See 6


10        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
  
          N/A


11        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
  
          18.74
          

12        TYPE OF REPORTING PERSON

          HC/EP


                                                                     JAT20/PERM
<PAGE>   3
                  Issuer
                  Electronic Data Systems Corp.

Item 1 (b)        Address of Issuer's Principal Executive Office

                  5400 Legacy Drive
                  Plano, TX  75024                      

Item 2 (a)        Name of Person Filing:

                  U.S. Trust Company of New York

Item 2 (b)        Address or Principal Place of Business

                  114 West 47th Street
                  New York, NY  10036

Item 2 (c)        Citizenship:

                  NY

Item 2 (d)        Title of Class of Securities:

                  Common

Item 2 (e)        CUSIP Number:

                  285661 10 4

Item 3            If this statement is filed pursuant to Rules 13d-1(b), or
                  13d-2(b), check whether the person filing is a:

                  (a)          Not applicable

                  (b) (X)      United States Trust Company of New York, a bank 
                               as defined in Section 3(a)(6) of Act.

                  (c)          Not applicable

                  (d)          Not applicable

                  (e)          Not applicable

                  (f)          Not applicable

                  (g) (X)      U.S. Trust Corporation is a parent holding 
                               company, in accordance with section 240.13d-1 (b)
                               (1)(ii)(G).

                  (h)          Not applicable

<PAGE>   4
Item 4            (a)     Amount Beneficially Owned:
                          91,037,219

                  (b)     Percent of Class:
                          18.74

                  (c)     Number of shares as 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
                                   See 4(a)

                          (iii)    sole power to dispose or to direct the 
                                   disposition of 

                                   -0-

                          (iv)     shared power to dispose or to direct the 
                                   disposition of

                                   See 4(a)

Item 5            Ownership of Five Percent or Less of a Class

                  N/A

Item 6            Ownership of More than Five Percent on Behalf of Another 
                  Person.

                  The Reporting Person is an Independent Trustee of the Issuer's
                  Employees' Pension Plan Trust.

Item 7            Identification and Classification of the Subsidiary which 
                  Acquired the Security Being Reported on by the Parent Holding
                  Company.

                  See Items 1 and 12 of Page 2 and Item 3 herein.

Item 8            Identification and Classification of the Members of the Group.

                  Not applicable
<PAGE>   5
Item 9            Notice of Dissolution of Group.

                  Not applicable

Item 10           Certification. By signing below we certify that, to the best
                  of our 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 having such purpose or effect.
                 

                  Signature. After reasonable inquiry and to the best of our
                  knowledge and belief, we certify that the information set
                  forth in this statement is true, complete and correct.



Date:  July 3, 1996




 
                                         UNITED STATES TRUST COMPANY OF
                                         NEW YORK


                                   By:         JOSEPH A. TRICARICO
                                         -------------------------------------  
                                         Name: Joseph A. Tricarico
                                         Title: Vice President and Trust Counsel


JAT20/PERM





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