UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
CULLEN/FROST BANKERS, INC.
(NAME OF ISSUER)
COMMON STOCK
(TITLE CLASS OF SECURITIES)
229899109
(CUSIP NUMBER)
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).
*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 THE DISCLOSURES PROVIDED
IN A PRIOR COVER PAGE.
THE INFORMATION REQUIRED IN 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).
CUSIP NO. 229899109 13G PAGE 2A OF 5
PAGES
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF PERSON
Trustees of General Electric Pension Trust
I.R.S. #14-6015763
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP.*
NOT APPLICABLE A __
B X_
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York State
5. SOLE VOTING POWER
549,633 SHARES
6. SHARED VOTING POWER
0 SHARES
7. SOLE DISPOSITIVE POWER
549,633 SHARES
8. SHARED DISPOSITIVE POWER
0 SHARES
9. AGGREGATED AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
549,633
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [X)
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.9% or if each Reporting Person is deemed to be a group, 5.1%
12. TYPE OF REPORTING PERSON*
EP<PAGE>
CUSIP NO. 229899109 13G PAGE 2B OF 5
PAGES
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF PERSON
General Electric Investment Corporation, as Investment Adviser to
certain entities and accounts
I.R.S. #22-2152310
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP.*
NOT APPLICABLE A __
B X_
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
5. SOLE VOTING POWER
10,541 SHARES
6. SHARED VOTING POWER
0 SHARES
7. SOLE DISPOSITIVE POWER
10,541 SHARES
8. SHARED DISPOSITIVE POWER
0 SHARES
9. AGGREGATED AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,541 SHARES
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [X]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.1% or if each Reporting Person is deemed to be a group, 5.5%
12. TYPE OF REPORTING PERSON*
IA<PAGE>
CUSIP NO. 229899109 13G PAGE 2C OF 5
PAGES
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF PERSON
GE Investment Management Incorporated, as Investment
Adviser to certain entities and accounts
I.R.S. #06-1238874
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP.*
NOT APPLICABLE A __
B X_
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
5. SOLE VOTING POWER
3,767 SHARES
6. SHARED VOTING POWER
0 SHARES
7. SOLE DISPOSITIVE POWER
3,767 SHARES
8. SHARED DISPOSITIVE POWER
0 SHARES
9. AGGREGATED AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,767 SHARES
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [X]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.1% or if each Reporting Person is deemed to be a group, 5.1%
12. TYPE OF REPORTING PERSON*
IA<PAGE>
SCHEDULE 13G PAGE 3 OF 5 PAGES
INTRODUCTORY NOTE: Trustees of General Electric Pension Trust
("GEPT"), an employee pension fund subject to the Employee Retirement
Income Security Act of 1974, owns beneficially 549,633 shares of the
Common Stock (the "Common Stock") of Cullen/Frost Bankers, Inc. General
Electric Investment Corporation ("GEIC") is an Investment Adviser
(registered under the Investment Advisers Act of 1940) to GEPT. GEIC, as
an Investment Adviser to certain entities and accounts other than GEPT,
may be deemed the beneficial owner of 10,541 shares of Common Stock
owned by such entities or accounts. GE Investment Management
Incorporated ("GEIM"), as an Investment Adviser (registered under the
Investment Advisers Act of 1940) to certain entities and accounts, may
be deemed the beneficial owner of 3,767 shares of Common Stock owned by
such entities or accounts. GEPT, GEIC and GEIM each expressly disclaim
beneficial ownership of shares of Common Stock owned by filing persons
other than itself. GEPT, GEIC and GEIM expressly disclaim that they are
members of a "group".
ITEM 1.
(A) NAME OF ISSUER
Cullen/Frost Bankers,Inc.
(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
100 West Houston Street
P.O. Box 1600
San Antonio, TX 78205
ITEM 2.
(A) NAME OF PERSON FILING
Trustees of General Electric Pension Trust
General Electric Investment Corporation, as Investment Adviser
to certain entities and accounts
GE Investment Management Incorporated, as Investment Adviser
to certain entities and accounts
(See Schedule I and II)
(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE,
RESIDENCE
The address of the principal office of each of Trustees of
General Electric Pension Trust, General Electric Investment
Corporation and GE Investment Management Incorporated is 3003
Summer Street, Stamford, Connecticut 06904
(C) CITIZENSHIP
Trustees of General Electric Pension Trust - New York; General
Electric Investment Corporation - Delaware; GE Investment
Management Incorporated - Delaware
PAGE 4 of 5 PAGES
(D) TITLE CLASS OF SECURITIES
COMMON STOCK
(E) CUSIP NUMBER
229899109
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
(H) _X_ Group, in accordance with Section 240.13d-1(b)(1)(ii)(H)
ITEM 4. OWNERSHIP
(See cover pages and introductory note)
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.
NOT APPLICABLE
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<PAGE>
PAGE 5 OF 5 PAGES
ITEM 10. CERTIFICATION
THE FOLLOWING CERTIFICATION SHALL BE INCLUDED IF THE
STATEMENT IS FILED PURSUANT TO RULE 13D-1(B):
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 PURPOSES 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.
TRUSTEES OF GENERAL ELECTRIC PENSION TRUST
By: /s/ Donald W. Torey
Donald W. Torey, Trustee
Dated: February 9, 1995
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.
GENERAL ELECTRIC INVESTMENT CORPORATION,
as Investment Adviser to certain entities
and accounts
By: /s/ Donald W. Torey
Donald W. Torey
Executive Vice President
Dated: February 9, 1995
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.
GE INVESTMENT MANAGEMENT INCORPORATED,
as Investment Adviser to certain
entities and accounts
By: /s/ Donald W. Torey
Donald W. Torey
Executive Vice President
Dated: February 9, 1995
SCHEDULE I
TRUSTEES OF
GENERAL ELECTRIC PE NSION TRUST
3003 Summer Street, P.O. Box 7900
Stamford, Connectic ut 06904
The names of the Trustees of General Electric Pension Trust
are as follows:
DALE F. FREY
EUGENE K. BOLTON
MICHAEL J. COSGROVE
RALPH R. LAYMAN
ALAN M. LEWIS
JOHN H. MYERS
DONALD W. TOREY
SCHEDULE II
JOINT FILING AGREEM ENT
This will confirm the agreement by and among all the undersigned
that the Schedule 13G on or about this date and any amendments thereto
with respect to the beneficial ownership by the undersigned of shares
of the Common Stock of Cullen/Frost Bankers, Inc. is being filed on
behalf of each of the undersigned. This Agreement may be executed in
two or more counterparts, each of which shall be deemed an original,
but all of which together shall constitute one and the same
instrument.
Dated: February 9, 1995 TRUSTEES OF GENERAL ELECTRIC
PENSION TRUST
By: /s/ Donald W. Torey
Donald W. Torey
Trustee
GENERAL ELECTRIC INVESTMENT
CORPORATION, as Investment Adviser
to certain entities and accounts
By: /s/ Donald W. Torey
Donald W. Torey
Executive Vice President
GE INVESTMENT MANAGEMENT
INCORPORATED, as Investment Adviser
to certain entities and accounts
By: /s/ Donald W. Torey
Donald W. Torey
Executive Vice President