SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
CLAIRE'S STORES, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
179584107
(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.)
* 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>
CUSIP NO.: 179584107
1. Name of reporting person S.S. or I.R.S. Identification No. of
reporting person:
Lynch & Mayer, Inc.; 35-1654568
2. Check the appropriate box if a member of a group
(a) [ ]
(b) [X]
3. SEC use only . . . . . . . . . . . . . . . . . . . . .
4. Citizenship or place of organization: Indiana
Number of shares beneficially owned by reporting person with:
5. Sole voting power: Not applicable
6. Shared voting power: 1,215,600
7. Sole dispositive power: Not applicable
8. Shared dispositive power: 1,215,600
9. Aggregate amount beneficially owned by reporting
person: 1,215,600
10. Check 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
<PAGE>
Item 1 (a) Name of Issuer:
Claire's Stores, Inc.
(the "Issuer")
Item 1 (b) Address of issuer's principal executive office:
3 S.W. 129th Avenue
Pembroke Pines, FL 33027
Item 2 (a) Name of person filing:
Lynch & Mayer, Inc.
Item 2 (b) Address of principal business office:
Lynch & Mayer, Inc.
520 Madison Avenue
New York, NY 10022
Item 2 (c) Citizenship: Lynch & Mayer, Inc. is an Indiana
corporation
Item 2 (d) Title of class of securities: Common stock
Item 2 (e) CUSIP No.: 179584107
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) [ ] Broker or dealer
(b) [ ] Bank
(c) [ ] Insurance company
(d) [ ] Investment company
(e) [X] Investment adviser
(f) [ ] Employee Benefit Plan,
or Endowment Fund
(g) [ ] Parent Holding Company
(h) [ ] Group
Item 4 Ownership:
(a) Amount beneficially owned:
See No. 9 on cover page
(b) Percent of class:
See No. 11 on cover page
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
(ii) shared power to vote or to direct the vote
(iii) sole power to dispose or to direct the disposition of
(iv) shared power to dispose or to direct the disposition of
See Nos. 5, 6, 7 and 8 on cover page
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 Certification:
By signing below the undersigned certifies that, to the best of
his 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 his knowledge and
belief, the undersigned certifies that the information set forth
in this statement is true, complete and correct.
Dated: _2/1/96____________________
LYNCH & MAYER, INC.
By: __/s/Howard M. Kaufman___________
Name: Howard M. Kaufman
Title: Senior Vice President
