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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 1
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Allied Capital Corporation
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(Name of Issuer)
Common Stock, $1.00 par value
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(Title of Class of Securities)
01903Q108
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(CUSIP Number)
Page 1 of 10 Pages
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CUSIP NO. 01903Q108 13G
- -----------------------
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NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Goldman, Sachs & Co.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
New York
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SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,371,599
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
2,084,249
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
2,084,249
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[-]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
4.0%
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TYPE OF REPORTING PERSON*
12
BD-PN-IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 10 pages
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CUSIP NO. 01903Q108 13G
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NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Goldman Sachs Group, L.P.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
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SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,371,599
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
2,084,249
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
2,084,249
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[-]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
4.0%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
HC-PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 10 pages
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Item 1(a). Name of Issuer:
Allied Capital Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
1666 K Street, NW, 9th Floor
Washington, DC 20006
Item 2(a). Name of Persons Filing:
Goldman, Sachs & Co. and The Goldman Sachs Group, L.P.
Item 2(b). Address of Principal Business Office or, if None, Residence:
85 Broad Street
New York, NY 10004
Item 2(c). Citizenship:
Goldman, Sachs & Co. - New York
The Goldman Sachs Group, L.P. - Delaware
Item 2(d). Title and Class of Securities:
Common Stock, $1.00 par value
Item 2(e). CUSIP Number:
01903Q108
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).X Broker or dealer registered under Section 15 of the Act,
Goldman, Sachs & Co.
(b). Bank as defined in Section 3(a)(6) of the Act,
(c). Insurance Company as defined in Section 3(a)(19) of the Act,
(d). Investment Company registered under Section 8 of the Investment
Company Act,
(e).X Investment Adviser registered under Section 203 of the Investment
Advisers Act of 1940,
Goldman, Sachs & Co.
(f). Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974
or Endowment Fund; see 13d-1(b)(1)(ii)(F),
Page 4 of 10 Pages
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(g).X Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G);
see Item 7,
The Goldman Sachs Group, L.P.
(h). Group, in accordance with Rule 13d-1(b)(ii)(H).
Item 4. Ownership.
Not applicable. This amendment to Schedule 13G is being
filed to reflect that as of December 31, 1997, the percent
of the class owned by The Goldman Sachs Group, L.P. and
Goldman, Sachs & Co. did not exceed five percent.
Item 5. Ownership of Five Percent or Less of a Class. If this
statement is being filed to report the fact that as of the
date hereof the reporting persons have ceased to be the
beneficial owners of more than five percent of the class
of securities, check the following X.
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.
See Exhibit (99.2)
Page 5 of 10 Pages
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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.
Page 6 of 10 Pages
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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.
Date: March 10, 1998
THE GOLDMAN SACHS GROUP, L.P.
By: /s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
GOLDMAN, SACHS & CO.
By: /s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
Page 7 of 10 Pages
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INDEX TO EXHIBITS
Exhibit No. Exhibit
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99.1 Joint Filing Agreement, dated March 10, 1998, between
The Goldman Sachs Group, L.P. and Goldman, Sachs & Co.
99.2 Item 7 Information
Page 8 of 10 Pages
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EXHIBIT (99.1)
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) promulgated under the Securities Exchange
Act of 1934, the undersigned agree to the joint filing of a Statement on
Schedule 13G (including any and all amendments thereto) with respect to the
Common Stock, $1.00 par value of Allied Capital Corporation, and further agree
to the filing of this agreement as an Exhibit thereto. In addition, each party
to this Agreement expressly authorizes each other party to this Agreement to
file on its behalf any and all amendments to such Statement on Schedule 13G.
Date: March 10, 1998
THE GOLDMAN SACHS GROUP, L.P.
By: /s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
GOLDMAN, SACHS & CO.
By: /s/ Hans L. Reich
-------------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
Page 9 of 10 Pages
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EXHIBIT (99.2)
ITEM 7 INFORMATION
The securities being reported on by The Goldman Sachs Group, L.P. ("GS
Group"), as a parent holding company, are owned, or may be deemed to be
beneficially owned, by Goldman, Sachs & Co. ("Goldman Sachs"), or Goldman Sachs
Trust ("GS Trust"). Goldman Sachs is a broker or dealer registered under Section
15 of the Act and an investment adviser registered under Section 203 of the
Investment Advisers Act of 1940, as amended. GS Trust is an Investment Company
registered under the Investment Company Act of 1940, as amended. GS Group is the
general partner of and owns a 99% interest in Goldman Sachs. GS Trust is advised
and distributed by Goldman Sachs.
Page 10 of 10 Pages
