SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Family Dollar Stores, Inc.
(Name of Issuer)
Common Stock, Par Value, $0.10 Per Share
(Title of Class of Securities)
307000109
(CUSIP Number)
Stephen M. Davis, Esq.
Werbel McMillin & Carnelutti
A Professional Corporation
711 Fifth Avenue, New York, New York 10022, (212) 832-8300
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
December 2, 1994
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this
Schedule 13D, and is filing this schedule because of Rule 13-d-
1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement
[ ]. (A fee is not required only if the reporting 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.)
Note: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for other
parties to whom copies are to be sent.
* 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 on the remainder of this cover page
shall not be deemed to be "filed" for the purposes 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).
SCHEDULE 13D
- ------------------- --------------------
CUSIP No. 307000109 Page 2 of 10 Pages
- ------------------- --------------------
==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
The SC Fundamental Value Fund, L.P.
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC/OO
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- ------------------------------------------------------------------------------
8 SHARED VOTING POWER
2,472,100
- ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- ------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,472,100
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,472,100
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- -----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.4%
- -----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
SCHEDULE 13D
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CUSIP No. 307000109 Page 3 of 10 Pages
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==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
SC Fundamental Value BVI, Inc.
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
1,082,400
- ------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
- ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,082,400
- ------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,082,400
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.9%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
SCHEDULE 13D
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CUSIP No. 307000109 Page 4 of 10 Pages
- ------------------- --------------------
==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
SC Fundamental Inc.
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- ------------------------------------------------------------------------------
8 SHARED VOTING POWER
2,562,500
- ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- ------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,562,500
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,562,500
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.5%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
=============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
SCHEDULE 13D
- ------------------- -------------------
CUSIP No. 307000109 Page 5 of 10 Pages
- ------------------- --------------------
=============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Gary N. Siegler
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -----------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- ------------------------------------------------------------------------------
8 SHARED VOTING POWER
3,644,900
- ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- ------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,644,900
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,644,900
- -----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- -----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.4%
- -----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
=============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
SCHEDULE 13D
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CUSIP No. 307000109 Page 6 of 10 Pages
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=============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Peter M. Collery
- -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- -----------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
- -----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -----------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------------------
8 SHARED VOTING POWER
3,644,900
- -----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,644,900
- -----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,644,900
- -----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- -----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.4%
- -----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
Page 7 of 10 Pages
AMENDMENT
NO.1
TO THE
SCHEDULE 13D
The Reporting Persons consisting of SC Fundamental Inc., The
SC Fundamental Value Fund, L.P., SC Fundamental Value BVI, Inc.,
Gary N. Siegler and Peter M. Collery, hereby amend their Schedule
13D relating to the Common Stock, par value $0.01, of Family
Dollar Stores, Inc.
Item 3. Source and Amount of Funds of Other Consideration
The aggregate purchase prices of the shares of the
Issuer's Common Stock ("Shares") purchased by the Reporting
Persons as reported in Item 5(c) of this Schedule 13D were as
follows:
Name of Aggregate
Reporting Person Purchase Price
Fund $ 4,535,711.87
BVI Inc. on behalf of BVI Ltd. $ 2,083,189.83
SC on behalf of Managed Account $ 157,734.79
The Reporting Persons listed above purchased the Shares
reported herein as beneficially owned by them with working
capital of Fund, BVI Ltd. and Managed Account or with funds
extended by brokerage firms in connection with margin
transactions effected for Fund, BVI Ltd. and Managed Account.
Item 5. Interest in Securities of the Issuer
(a) As of the close of business on December 7, 1994,
the Reporting Persons, by virtue of the language of Rule
13d-3(d)(1)(i), may be deemed to own beneficially in the
aggregate the number and percentage of the Issuer's Common Stock
set forth opposite their names below (based upon the number of
Shares that were reported to be outstanding in the Issuer's Form
10-K for the fiscal year ended August 31, 1994).
<PAGE>
Page 8 of 10 Pages
- ----------------------------------------------------------------
Name Shares of Common Stock Percentage
- ----------------------------------------------------------------
SC Fundamental Inc.(1) 2,522,500 4.5%
- ----------------------------------------------------------------
The SC Fundamental
Value Fund, L.P. 2,472,100 4.4%
- ----------------------------------------------------------------
SC Fundamental
Value BVI, Inc. 1,082,400 1.9%
- ----------------------------------------------------------------
Gary N. Siegler 3,644,900 6.4%
- ----------------------------------------------------------------
Peter M. Collery 3,644,900 6.4%
- ----------------------------------------------------------------
(c) The following table sets forth the transactions
effected by each of the Reporting Persons listed in Item 5(a)
since the Reporting Persons' last Schedule 13D relating to the
Issuer. Unless otherwise noted, each of the transactions set
forth below reflects a purchase effected by means of trades on
the New York Stock Exchange.
- ----------------------------------------------------------------
BVI, Inc. SC on
Trade Price Per on behalf behalf of
Date Share Fund of BVI Ltd. Managed Account
- ----------------------------------------------------------------
10/27/94 11.250 7,400 3,350 250
- ----------------------------------------------------------------
10/28/94 11.375 6,750 3,000 250
- ----------------------------------------------------------------
10/28/94 11.440 23,600 10,550 850
- ----------------------------------------------------------------
10/28/94 11.535 10,100 4,550 350
- ----------------------------------------------------------------
10/31/94 11.464 47,150 21,150 1,700
- ---------------------------------------------------------------
10/31/94 11.625 13,450 6,050 500
- ----------------------------------------------------------------
11/01/94 11.484 8,100 3,650 250
- ----------------------------------------------------------------
11/02/94 11.495 10,400 4,650 350
- ----------------------------------------------------------------
11/02/94 11.625 5,000 2,250 150
- ----------------------------------------------------------------
11/02/94 12.000 6,750 3,000 250
- -----------------------------------------------------------------
- ----------------------
1 Includes shares held for the benefit of the Managed
Account.
Page 9 of 10 Pages
- ----------------------------------------------------------------
BVI, Inc. SC on
Trade Price Per on behalf behalf of
Date Share Fund of BVI Ltd. Managed Account
- ----------------------------------------------------------------
11/03/94 11.533 16,800 7,650 550
- ----------------------------------------------------------------
11/03/94 11.686 13,600 6,250 450
- ----------------------------------------------------------------
11/04/94 12.125 16,850 7,550 600
- -----------------------------------------------------------------
11/07/94 11.625 16,850 7,600 550
- -----------------------------------------------------------------
11/08/94 11.750 20,250 9,100 650
- -----------------------------------------------------------------
11/09/94 11.580 6,750 3,000 250
- -----------------------------------------------------------------
11/10/94 11.375 5,000 2,200 200
- -----------------------------------------------------------------
11/11/94 11.136 7,450 3,300 250
- -----------------------------------------------------------------
11/15/94 11.490 13,900 6,150 450
- -----------------------------------------------------------------
11/17/94 11.125 13,400 6,150 450
- -----------------------------------------------------------------
11/18/94 10.921 10,050 4,600 350
- -----------------------------------------------------------------
11/23/94 10.284 18,400 8,450 650
- -----------------------------------------------------------------
11/29/94 11.375 10,050 4,600 350
- -----------------------------------------------------------------
11/30/94 11.250 15,050 6,900 550
- -----------------------------------------------------------------
12/01/94 11.233 33,550 16,300 1,150
- -----------------------------------------------------------------
12/01/94 11.319 20,000 9,700 700
- -----------------------------------------------------------------
12/02/94 11.270 9,850 4,800 350
- -----------------------------------------------------------------
12/05/94 11.953 10,550 5,100 350
- -----------------------------------------------------------------
<PAGE>
Page 10 of 10 Pages
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.
Dated: December 7, 1994
SC FUNDAMENTAL INC.
By: ________________________
Peter M. Collery
Vice President
THE SC FUNDAMENTAL VALUE FUND, L.P.
By: SC FUNDAMENTAL INC.
By: ____________________________
Peter M. Collery
Vice President
SC FUNDAMENTAL VALUE BVI, INC.
By: ____________________________
Peter M. Collery
Vice President
_______________________
Gary N. Siegler
________________________
Peter M. Collery
<PAGE>
Page 10 of 10 Pages
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.
Dated: December 7, 1994
SC FUNDAMENTAL INC.
By: /s/ Peter M. Collery
________________________
Peter M. Collery
Vice President
THE SC FUNDAMENTAL VALUE FUND, L.P.
By: SC FUNDAMENTAL INC.
By: /s/ Peter M. Collery
________________________
Peter M. Collery
Vice President
SC FUNDAMENTAL VALUE BVI, INC.
By: /s/ Peter M. Collery
_________________________
Peter M. Collery
Vice President
/s/ Gary N. Siegler
_______________________
Gary N. Siegler
/s/ Peter M. Collery
________________________
Peter M. Collery
