SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No.: )*
Name of issuer: Campbell Resources
Title of Class of Securities: Common Stock
CUSIP Number: 134422989
Check the following [space] 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 the following page(s))
Page 1 of 4 Pages
<PAGE>
13G
CUSIP No.: 134422989 Page 2 of 4 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Vanguard Specialized Portfolios, Inc.--Health Care Portfoliio
2. CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP
A. B. X
3. SEC USE ONLY
4. CITIZENSHIP OF PLACE OF ORGANIZATION
Maryland
(For questions 5-8, report the number of shares beneficially owned
by each reporting person with:)
5. SOLE VOTING POWER
5,000,000
6. SHARED VOTING POWER
-0-
7. SOLE DISPOSITIVE POWER
-0-
8. SHARED DISPOSITIVE POWER
5,000,000
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,000,000
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
5.04%
12. TYPE OF REPORTING PERSON
IV<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________
SCHEDULE 13G
Under the Securities Act of 1934
__________
Check the following [line] if a fee is being paid with this
statement X
Item 1(a) - Name of Issuer:
Campbell Resources
Item 1(b) - Address of Issuer's Principal Executive Offices:
2701 One First Canadian Plaza Box 143, Toronto, ONT,
CANADA M5X 1C7
Item 2(a) - Name of Person Filing:
Vanguard Specialized Portfolios, Inc.--Health
Care Portfoliio
Item 2(b) - Title of Class of Securities:
Common Stock
Item 2(e) - CUSIP Number
134422989
Item 3 - Type of Filing:
This statement is being filed pursuant to Rule 13d-1. The
person filing is an investment company registered under Section 8
of the Investment Company Act.
Item 4 - Ownership:
(a) Amount Beneficially Owned:
5,000,000
(b) Percent of Class:
5.04%
Page 3 of 4 Pages
<PAGE>
(c) Number of shares as to which such person has:
(i) sole power to vote or direct to vote: 5,000,000
(ii) shared power to vote or direct to vote: -0-
(iii) sole power to dispose of or to direct the
disposition of:
-0-
(iv) shared power to dispose or to direct the
disposition of:
5,000,000
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 Group:
Not applicable
Item 9 - Notice of Dissolution of Group:
Not applicable
Item 10 - Certification:
By signing below I certify than, to the best of my 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 my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.
Date 2-10-94 By /s/ Raymond J. Klapinsky
Raymond J. Klapinsky
Page 4 of 4 Pages
