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) and (c) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
Viskase Companies, Inc.
-----------------------------------------------------
(Name of Issuer)
Common Stock
-----------------------------------------------------
(Title of Class of Securities)
29403700
-----------------------------------------------------
(CUSIP Number)
- -----------
*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).
Page 1 of 6 Pages
<PAGE>
CUSIP No.29403700 13G
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON(S)
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON(S) (Entities only)
Peritus Asset Management, Inc.-94-3174137
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [ ]
This is a joint filing under Rule 13d-1(f)(1), on behalf of each of the
above named persons
- -------------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
State of California
- -------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES -857,399-
BENEFICIALLY -------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH -0-
REPORTING -------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH -857,399-
-------------------------------------------------------
8. SHARED DISPOSITIVE POWER
-0-
- -------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
857,399
- -------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
Not Applicable
- -------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.8%
- -------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IA
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 6 Pages
CUSIP No. 29403700 13G
Item 1. (a) Name of Issuer:
Viskase Companies, Inc.
--------------------------------------------------------------
(b) Address of Issuer's Principal Executive Offices:
6855 W. 65th St., Chicago, IL 60638
--------------------------------------------------------------
Item 2. (a) Name of Person Filing:
Peritus Asset Management, Inc.
--------------------------------------------------------------
(b) Address of Principal Business Office, or if None,
Residence:
315 E. Canon Perdido, Santa Barbara, CA 93101
--------------------------------------------------------------
(c) Citizenship:
a California corporation
--------------------------------------------------------------
(d) Title of Class of Securities:
Common Stock
--------------------------------------------------------------
(e) CUSIP Number:
29403700
--------------------------------------------------------------
Item 3. Type of Reporting Person:
An investment advisor in accordance with Section 240.13d-1
(b)(1)(ii)(E).
Page 3 of 6 Pages
CUSIP No. 29403700 13G
Item 4. Ownership.
(a) Amount beneficially owned:
Shares of Common Stock: 857,399
(b) Percent of class: 5.8%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 857,399
(ii) Shared power to vote or to direct the vote: -0-
(iii) Sole power to dispose or to direct the disposition
of: 857,399
(iv) Shared power to dispose or to direct the disposition
of: -0-
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
Page 4 of 6 Pages
CUSIP No. 29403700 13G
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and 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 are are not held in connection
with or as a participant in any transaction having that purpose or effect.
- -----------------------
Page 5 of 6 Pages
CUSIP No. 29403700 13G
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:
/s/ Timothy J. Gramatovich
- -----------------------------------------------
(Signature)*
Timothy J. Gramatovich, President/ Chief Investment Officer
- -----------------------------------------------
(Name/Title)
* Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
Page 6 of 6 Pages
