<PAGE>
<PAGE>
WERBEL MCMILLIN & CARNELUTTI
A PROFESSIONAL CORPORATION
COUNSELLORS AT LAW
711 FIFTH AVENUE
NEW YORK, N.Y. 10022-3194
(212) 832-8300
FACSIMILE: (212) 832-3353
October 26, 1994
VIA EDGAR
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Family Dollar Stores, Inc. - Schedule 13D
Dear Sir or Madam:
Attached for filing with the Securities and Exchange
Commission via an EDGAR direct transmission is the initial Schedule
13D relating to Family Dollar Stores, Inc. for and on the behalf of
SC Fundamental, The SC Fundamental Value Fund, L.P., SC Fundamental
Value BVI, Inc., Gary N. Siegler and Peter M. Collery. Pursuant to
the SEC's wiring instructions, the appropriate filing fee has been
filed via the Fedwire system to the SEC's account at Mellon Bank in
Pittsburgh, Pennsylvania.
If there are any questions regarding this filing, please
do not hesitate to contact the undersigned or Stephen M. Davis,
Esq. at (212) 832-8300.
Sincerely,
/s/ William St. Lawrence
------------------------
William St. Lawrence
Legal Assistant
Enclosures
cc: New York Stock Exchange
Family Dollar Stores, Inc.
46811
<PAGE>
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )
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)
October 24, 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 [X]. (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).
46826
Page 1 of 14
<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- ------------------
CUSIP No. 307000109 Page 2 of 14 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
2,075,050
- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,075,050
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,075,050
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.7%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
===============================================================================
* SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)
<PAGE>
<PAGE>
SCHEDULE 13D
- -------------------- ------------------
CUSIP No. 307000109 Page 3 of 14 Pages
- -------------------- ------------------
===============================================================================
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
900,800
- -------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
900,800
- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
900,800
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.6%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
===============================================================================
* SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)
<PAGE>
<PAGE>
SCHEDULE 13D
- -------------------- ------------------
CUSIP No. 307000109 Page 4 of 14 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
2,151,700
- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,151,700
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,151,700
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.8%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
===============================================================================
* SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)
<PAGE>
<PAGE>
SCHEDULE 13D
- -------------------- ------------------
CUSIP No. 307000109 Page 5 of 14 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
3,052,500
- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,052,500
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,052,500
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.4%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
===============================================================================
* SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)
<PAGE>
SCHEDULE 13D
- -------------------- ------------------
CUSIP No. 307000109 Page 6 of 14 Pages
- -------------------- ------------------
===============================================================================
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
3,052,500
- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,052,500
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,052,500
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.4%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
===============================================================================
* SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)
46840
<PAGE>
<PAGE>
Page 7 of 14 Pages
SCHEDULE 13D
Item 1. Security and Issuer
(a) Class of Securities: Common Stock, par value,
$0.10 per share ("Common
Stock")
(b) Issuer: Family Dollar Stores, Inc. (the
"Issuer")
P.O. Box 1017, 10401 Old Monroe Road
Charlotte, North Carolina 28201-1017
Item 2. Identity and Background
(a-c), (f). The persons (the "Reporting Persons")
filing this statement are SC Fundamental Inc., a Delaware corpor-
ation ("SC"), The SC Fundamental Value Fund, L.P., a Delaware
limited partnership ("Fund"), SC Fundamental Value BVI, Inc., a
Delaware corporation ("BVI Inc."), Gary N. Siegler ("Siegler"), a
citizen of the United States, and Peter M. Collery ("Collery"), a
citizen of the United States. The principal business address of
SC, Fund, BVI Inc., Siegler and Collery is 712 Fifth Avenue,
New York, New York 10019.
Fund is primarily engaged in the business of investing
in securities. SC is the general partner of Fund and the
investment manager of a managed account (the "Managed Account").
BVI Inc. is the managing general partner of the investment
manager of SC Fundamental Value BVI, Ltd. ("BVI Ltd."), a company
principally engaged in the business of investing in securities.
The name, business address, present principal occupation or
employment and citizenship of each executive officer and director
of SC and BVI Inc. is set forth on Exhibit A hereto which is
incorporated herein by reference.
Siegler is a controlling stockholder, the president and
a director of SC and of BVI Inc. Collery is a controlling
stockholder, vice president, and a director of SC and BVI Inc.
Siegler and Collery are in a position to directly and indirectly
determine the investment and voting decisions made by SC and BVI
Inc., and, consequently, Fund and BVI Ltd.
The Reporting Persons may be deemed to be a "group"
within the meaning of Rule 13d-3 under the Securities Exchange
Act of 1934 (the "Act").
(d,e). During the last five years, none of the Report-
ing Persons, nor any of SC's and BVI Inc.'s executive officers or
directors, has been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) or has been a party
<PAGE>
<PAGE>
Page 8 of 14 Pages
to a civil proceeding of a judicial or administrative body of
competent jurisdiction resulting in its or his being subject to a
judgment, decree or final order enjoining future violation of, or
prohibiting or mandating activities subject to, federal or state
securities laws or a finding of any violation with respect to
such laws.
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 $ 17,903,471.35
BVI Inc. on behalf of BVI Ltd. $ 7,856,596.04
SC on behalf of Managed Account $ 648,772.43
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 4. Purpose of Transaction
The Reporting Persons purchased the Shares with respect
to which this filing is made for investment purposes and not for
the purpose of controlling the Issuer. The Reporting Persons
currently have no plans, proposals or intentions which would
result in any of the actions described in clause (a) through (j)
of Item 4 of Rule 13d-101 of the Act.
Item 5. Interest in Securities of the Issuer
(a) As of the close of business on October 26, 1994,
certain of 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-Q for the fiscal quarter ended May 31, 1994). Siegler and
Collery, by virtue of their status as controlling stockholders of
SC and BVI Inc. may be deemed to own beneficially the Shares
which SC, BVI Inc. and Fund are deemed to beneficially own. By
virtue of BVI Inc.'s role as managing general partner of the
investment manager of BVI Ltd., BVI Inc. may be deemed to
beneficially own the Shares which BVI Ltd. beneficially owns. As
the investment manager of the Managed Account, SC may be deemed
<PAGE>
<PAGE>
Page 9 of 14 Pages
to beneficially own the Shares held for the benefit of the Managed
Account. Siegler and Collery disclaim beneficial
ownership of such Shares and such percentage ownership of the
Issuer's Common Stock for any and all purposes.
<TABLE>
<CAPTION>
===============================================================================
Name Shares of Common Stock Percentage
- -------------------------------------------------------------------------------
<S> <C> <C>
SC Fundamental Inc.(1) 2,151,700 3.8%
- -------------------------------------------------------------------------------
The SC Fundamental
Value Fund, L.P. 2,075,050 3.7%
- -------------------------------------------------------------------------------
SC Fundamental Value
BVI, Inc. 900,800 1.6%
- -------------------------------------------------------------------------------
Gary N. Siegler 3,052,500 5.4%
- -------------------------------------------------------------------------------
Peter M. Collery 3,052,500 5.4%
===============================================================================
</TABLE>
(b) Each of SC, Fund and BVI Inc. has the sole or
shared power to vote or to direct the vote and to dispose or to
direct the disposition of the Shares of which it is deemed the
beneficial owner. Siegler and Collery may be deemed to share
with SC and BVI Inc. such powers with respect to the Shares of
which SC or BVI Inc. beneficially owns.
- ----------
1 Includes shares owned by the Managed Account for which SC
serves as the investment manager and may be deemed to beneficially
own shares held for the benefit of Managed Account.
<PAGE>
<PAGE>
Page 10 of 14 Pages
(c) The following table sets forth the transactions
effected by each of the Reporting Persons listed in Item 5(a)
above during the past sixty days. Unless otherwise noted, each
of the transactions set forth below reflects a purchase effected
by means of trades on the New York Stock Exchange.
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
BVI, Inc. SC on
Price Per on behalf behalf of
Trade Date Share ($) Fund of BVI Ltd. Managed Account
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
9/23/94 10.9375 68,100 29,400 2,500
- -------------------------------------------------------------------------------
9/26/94 10.8750 4,100 1,800 100
- -------------------------------------------------------------------------------
9/28/94 10.2743 87,700 37,900 3,200
- -------------------------------------------------------------------------------
9/29/94 10.5238 128,650 55,550 4,700
- -------------------------------------------------------------------------------
9/30/94 11.2018 8,300 3,600 300
- -------------------------------------------------------------------------------
9/30/94 11.3000 68,100 29,400 2,500
- -------------------------------------------------------------------------------
10/03/94 11.3750 1,700 750 50
- -------------------------------------------------------------------------------
10/03/94 11.3714 86,750 38,100 3,150
- -------------------------------------------------------------------------------
10/04/94 11.000 210,100 92,300 7,600
- -------------------------------------------------------------------------------
10/05/94 10.500 67,800 29,750 2,450
- -------------------------------------------------------------------------------
10/06/94 10.4874 128,100 56,250 4,650
- -------------------------------------------------------------------------------
10/06/94 10.3750 86,750 38,100 3,150
- -------------------------------------------------------------------------------
10/07/94 10.5000 64,050 28,100 2,350
- -------------------------------------------------------------------------------
10/10/94 10.7417 50,850 22,300 1,850
- -------------------------------------------------------------------------------
10/10/94 10.7456 38,650 16,950 1,400
- -------------------------------------------------------------------------------
10/11/94 10.7500 153,200 67,200 5,500
- -------------------------------------------------------------------------------
10/11/94(2) 10.7500 3,100 1,300 100
- -------------------------------------------------------------------------------
10/12/94 10.5625 67,700 29,800 2,500
- -------------------------------------------------------------------------------
10/12/94 10.2500 36,600 16,100 1,300
- -------------------------------------------------------------------------------
10/13/94 10.3750 72,600 31,900 2,700
- -------------------------------------------------------------------------------
10/14/94 10.3491 22,800 10,200 800
- -------------------------------------------------------------------------------
<FN>
- ----------
2 Reflects a sale effected by means of trades on the New York Stock Exchange.
</TABLE>
<PAGE>
<PAGE>
Page 11 of 14 Pages
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------
BVI, Inc. SC on
Price Per on behalf behalf of
Trade Date Share ($) Fund of BVI Ltd. Managed Account
- -------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- -------------------------------------------------------------------------------
10/17/94 10.1967 20,200 9,100 700
- -------------------------------------------------------------------------------
10/18/94 9.9906 14,300 6,400 500
- -------------------------------------------------------------------------------
10/19/94 10.2500 6,750 3,000 250
- -------------------------------------------------------------------------------
10/20/94 10.2500 6,800 3,000 200
- -------------------------------------------------------------------------------
10/21/94 10.5250 10,100 4,500 400
- -------------------------------------------------------------------------------
10/24/94 10.4000 3,400 1,500 100
- -------------------------------------------------------------------------------
10/25/94 10.6180 59,500 26,650 2,150
- -------------------------------------------------------------------------------
10/26/94 11.4050 92,100 41,300 3,300
- -------------------------------------------------------------------------------
</TABLE>
(d) To the best of Reporting Persons' knowledge,
except as set forth herein, no other person has the right to
receive or the power to direct the receipt of dividends from, or
the proceeds from the sale of, any shares of Common Stock which
the Reporting Persons may be deemed to own beneficially.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of Issuer
None.
Item 7. Material to be filed as Exhibits
Exhibit A -- Directors and Executive Officers of SC
Fundamental Inc. and SC Fundamental Value BVI, Inc.
Exhibit B -- Joint Filing Agreement dated October 26,
1994.
<PAGE>
<PAGE>
Page 12 of 14 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: October 26, 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
<PAGE>
<PAGE>
Page 13 of 14 Pages
EXHIBIT A
(i) DIRECTORS AND EXECUTIVE OFFICERS OF SC FUNDAMENTAL INC.
The name and present principal occupation or employment
of the directors and executive officers of SC Fundamental Inc.
are set forth below. The business address of each director and
executive officer is 712 Fifth Avenue, New York, New York 10019.
All such persons are United States citizens.
Present Principal
Name and Position Occupation or Employment
- ----------------- ------------------------
Gary N. Siegler
Director, President President of Siegler, Collery
& Co., SC Fundamental Inc.,
and SC Fundamental Value BVI, Inc.
Peter M. Collery
Director and Vice President Vice President of Siegler,
Collery & Co., SC Fundamental Inc.,
and SC Fundamental Value BVI, Inc.
(ii) DIRECTORS AND EXECUTIVE OFFICERS OF SC FUNDAMENTAL VALUE BVI, INC.
The name and present principal occupation or employment of
the directors and executive officers of SC Fundamental Value BVI, Inc.
are set forth below. The business address of each director and
executive officer is 712 Fifth Avenue, New York, New York 10019. All
such persons are United States citizens.
Present Principal
Name and Position Occupation or Employment
- ----------------- ------------------------
Gary N. Siegler
Director, President President of Siegler, Collery
& Co., SC Fundamental Inc.,
and SC Fundamental Value BVI, Inc.
Peter M. Collery
Director and Vice President Vice President of Siegler,
Collery & Co., SC Fundamental Inc.,
and SC Fundamental Value BVI, Inc.
<PAGE>
<PAGE>
Page 14 of 14 Pages
EXHIBIT B
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) under the Securities
Exchange Act of 1934, as amended, the persons named below agree to
the joint filing on behalf of each of them of a Statement on Sche-
dule 13D (including amendments thereto) with respect to the Common
Stock, par value $.10 per Share, of Family Dollar Stores, Inc., and
further agree that this Joint Filing Agreement be included as an
Exhibit to such joint filings. In evidence thereof, the
undersigned, being duly authorized, have executed this Joint Filing
Agreement this 26th day of October 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
46850
