SCHEDULE 13G
Amendment No. 2
Buffets, Inc.
Common Stock
Cusip # 119882108
Filing Fee: No
Cusip # 119882108
Item 1: Reporting Person - General American Investors Company,
Inc. - (Tax ID: 13-5098450)
Item 2: Check the Appropriate Box if a Member of a Group
(a)[ ]
(b)[X]
Item 4: Delaware
Item 5: 1,371,800
Item 6: 198,659
Item 7: 1,454,891
Item 8: 198,659
Item 9: 1,653,550
Item 11: 5.31%
Item 12: IV and IA
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE
13d-1(b) or 13d-2(b)
Item 1(a). Name of Issuer:
Buffets, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
10260 Viking Drive, Suite 100
Eden Prarie, MN 55344
Item 2(a). Name of Person Filing:
General American Investors Company, Inc.
Item 2(b). Address or Principal Business Office or, if none, Residence:
450 Lexington Avenue
New York, NY 10017
Item 2(c). Citizenship:
Delaware Corporation
Item 2(d). Title of Class of Securities:
Common Stock, $.01 Par Value
Item 2(e). CUSIP Number:
119882108
Item 3. This statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), and the
person filing is an: Investment Company registered under section 8 of the
Investment Company Act of 1940, Investment Adviser registered under section 203
of the Investment Advisers Act of 1940 and a Group, in accordance with Section
240.13d-1(b)(1)(ii)(H).
Item 4(a). Amount Beneficially Owned:
1,653,550
Item 4(b). Percent of Class:
5.31%
Item 4(c). Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
1,371,800
(ii) shares power to vote or to direct the vote
198,659
(iii) sole power to dispose or to direct the disposition of
1,454,891
(iv) shared power to dispose or to direct the disposition of
198,659
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.
See Exhibit I.
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 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.
February 9, 1996
Date
/s/Eugene L. DeStaebler, Jr.
Signature
Eugene L. DeStaebler, Jr.
Vice-President, Administration
Name/Title
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE
13d-1(b) or 13d-2(b)
Exhibit I. Response to Item 8
This schedule has been filed pursuant to Rule 13d- 1(b)(1)(ii)(H) as
indicated under Item 3(h). The identity and Item 3 classification of the member
of the group is as follows:
General American Advisers, Inc.
Item 3 classification is (e)
