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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
REXENE CORPORATION
------------------
(Name of Issuer)
Common Stock, Par Value $0.01 Per Share
---------------------------------------
(Title of Class of Securities)
761683-10-1
-----------
(CUSIP Number)
Edward A. Szarkowicz
Household Commercial Financial Services, Inc.
2700 Sanders Road
Prospect Heights, IL 60070-2799
708/564-7081
- ----------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
August 10, 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
13d-1(b)(3) or (4), check the following box [ ].<PAGE>
<PAGE> 2
SCHEDULE 13D
CUSIP NO. 761683-10-1 Page 2 of 8 Pages
- --------------------- -----------------
Check the following box if a fee is being paid with this
statement [ ]. (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.)
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 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>
<PAGE> 3
SCHEDULE 13D
CUSIP NO. 761683-10-1 Page 3 of 8 Pages
- --------------------- -----------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Household Commercial of California, Inc.
36-3484221
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ( )
(b) ( )
3 SEC USE ONLY
4 SOURCE OF FUNDS*
00
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED ( )
PURSUANT TO ITEMS 2(d) OR 2(E)
6 CITIZEN OR PLACE OF ORGANIZATION
CALIFORNIA
- --------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 423,582
SHARES
BENEFICIALLY 8 SHARED VOTING POWER 0
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER 423,582
REPORTING
PERSON WITH 10 SHARED DISPOSITIVE POWER 0
- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
423,582
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* ( )
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
See attachment "A" listing sales since October 1, 1992 13D filing.
Reporting Person now owns 4.0% of class. Reporting Person ceased
to be beneficial owner of more than five percent of this class on
August 10, 1994.
14 TYPE OF REPORTING PERSON*
CO <PAGE>
<PAGE> 4
SCHEDULE 13D
CUSIP NO. 761683-10-1 Page 4 of 8 Pages
- --------------------- -----------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Household International, Inc.
36-3121988
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ( )
(b) ( )
3 SEC USE ONLY
4 SOURCE OF FUNDS*
00
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED ( )
PURSUANT TO ITEMS 2(d) OR 2(E)
6 CITIZEN OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 423,582
SHARES
BENEFICIALLY 8 SHARED VOTING POWER 0
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER 423,582
REPORTING
PERSON WITH 10 SHARED DISPOSITIVE POWER 0
- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
423,582
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* ( )
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
See attachment "A" listing sales since October 1, 1992 13D filing.
Reporting Person now owns 4.0% of class. Reporting Person ceased
to be beneficial owner of more than five percent of this class on
August 10, 1994.
14 TYPE OF REPORTING PERSON*
HC<PAGE>
<PAGE> 5
SCHEDULE 13D
CUSIP NO. 761683-10-1 Page 5 of 8 Pages
- --------------------- -----------------
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.
HOUSEHOLD INTERNATIONAL, INC.
November 21, 1994
------------------------------------
(Date)
/s/ John W. Blenke
------------------------------------
(Signature)
John W. Blenke
Assistant General Counsel & Secretary
-------------------------------------
(Name/Title) <PAGE>
<PAGE> 6
SCHEDULE 13D
CUSIP NO. 761683-10-1 Page 6 of 8 Pages
- --------------------- -----------------
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.
HOUSEHOLD COMMERCIAL OF CALIFORNIA, INC.
November 21, 1994
------------------------------------
(Date)
/s/ Edward A. Szarkowicz
------------------------------------
(Signature)
Edward A. Szarkowicz
Assistant Vice President
Senior Counsel
-------------------------------------
(Name/Title)
U:\WP\EMP819\EDGAR\13D.WP <PAGE>
<PAGE> 7
SCHEDULE 13D
CUSIP NO. 761683-10-1 Page 7 of 8 Pages
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SCHEDULE A, ITEM 13
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Transaction Sale
Date Shares Sold Sale Price Method
- ----------- ----------- ---------- ------
6/21/94 5,000 $10.00 Broker
8/9/94 5,000 10.50 Broker
8/10/94 5,000 11.50 Broker<PAGE>
<PAGE> 8
SCHEDULE 13D
CUSIP NO. 761683-10-1 Page 8 of 8 Pages
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SCHEDULE A, ITEM 13
-------------------
Transaction Sale
Date Shares Sold Sale Price Method
- ----------- ----------- ---------- ------
6/21/94 5,000 $10.00 Broker
8/9/94 5,000 10.50 Broker
8/10/94 5,000 11.50 Broker
8/15/94 5,000 13.00 Broker
8/16/94 5,000 13.13 Broker
8/17/94 5,000 13.63 Broker
8/19/94 6,100 13.34 Broker
8/22/94 3,900 13.75 Broker
8/23/94 5,000 13.75 Broker
8/23/94 5,000 13.88 Broker
8/30/94 5,000 14.25 Broker
8/31/94 5,000 14.75 Broker
9/1/94 5,000 14.75 Broker
9/2/94 5,000 14.75 Broker
9/6/94 5,000 15.00 Broker
9/7/94 5,000 14.80 Broker
9/8/94 5,000 14.88 Broker
9/12/94 5,000 15.13 Broker
9/15/94 5,000 15.13 Broker
9/16/94 1,600 15.00 Broker
9/19/94 2,000 15.13 Broker
9/23/94 5,000 16.00 Broker
9/29/94 5,000 17.00 Broker
10/24/94 2,500 17.63 Broker
10/28/94 2,500 17.00 Broker
10/31/94 2,500 17.75 Broker
-------
Total 116,100
=======
Original Amount: 539,682
# Traded: 116,100
Shares Remaining: 423,582
