United States
Securities and Exchange Commission
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. [ ])
Name of Issuer: ICO, Inc.
Title of Class of Securities: Common Stock
CUSIP Number: 449294206
Check the following box if a fee is being paid with this statement [x].
CUSIP No. 449294206 Page 2 of 4 Pages
1. Name of Reporting Person Alphi Investment Management Company
IRS No. 36-3588013
2. Check the appropriate box if a member of a group (a) [ ] (b) [ ]
3. SEC Use Only
4. Citizenship or Place of Organization Illinois
5. Sole Voting Power 580,000
6. Shared Voting Power 0
7. Sole Dispositive Power 580,000
8. Shared Dispositive Power 0
9. Aggregate Amount Beneficially Owned by Each Reporting Person 580,000
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
11. Percent of Class Represented by Amount in Row 9 6.5%
12. Type of Reporting Person IA
Item 1(a). Name of Issuer
This Schedule 13G relates to the Shares of Common
Stock of ICO, Inc. (the "Shares" and the "Company"
respectively).
Item 1(b). Address of Issuer's Principal Executive Offices
The executive offices of the Company are located at 100 Glenborough Drive,
Suite 250, Houston, Texas 77067.
Item 2(a). Name of Person Filing
This Schedule 13G is being filed on behalf of Alphi
Investment Management Company ("AIMCO"), an Illinois corporation.
Item 2(b). Address of Principal Business Office
The principal business offices of AIMCO are located at 155 Pfingsten Road,
Suite 360, Deerfield, IL 60015.
Item 2(c). Citizenship
U.S.A.
Item 2(d). Title of Class of Securities
Common Stock
Item 2(e). CUSIP Number
449294206
Item 3. Type of Person
Investment Adviser registered under Section 203 of the Investment Advisers
Act of 1940.
Item 4. Ownership
(a) Amount Beneficially Owned: 580,000
(b) Percent of Class: 6.5%
(c) Number of shares as to which person has:
(i) sole power to vote or to direct the vote: 580,000
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition of: 580,000
(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
Alphi Fund L.P. ("Alphi"), a Delaware limited partnership is the beneficial
owner of 580,000 Shares, which is 6.5% of the 8,923,911 Shares of the
Company deemed to be outstanding as of December 31, 1995. AIMCO, in its
capacity as general partner of Alphi, has the sole power to vote and sole
power to dispose of 580,000 Shares owned by Alphi. Individual limited
partners of Alphi (but not the principals of AIMCO) may own Shares which
are not included in the aggregate number of Shares reported in Item 4 above.
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, I certify that, 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.
February 8, 1996
Date
Philip R. Smith
Signature
Philip R. Smith / Secretary
Name/Title
