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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
Rule 13d-102
Under the Securities Exchange Act of 1934
INFORMATION STATEMENT FILED
PURSUANT TO RULES 13d-1(b), (c) AND (d)*
GLOBALSTAR TELECOMMUNICATIONS LIMITED
(Name of Issuer)
COMMON STOCK
$1.00 PAR VALUE
(Title of Class of Securities)
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G3930H104
(CUSIP Number)
February 26, 1998
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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).
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SCHEDULE 13G
CUSIP No. G3930H104 Page 2 of Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Electric Company
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
NA (b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED BY
EACH REPORTING PERSON 5,022,380
WITH
6 SHARED VOTING POWER
0
7 SOLE DISPOSITIVE POWER
5,022,380
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,022,380
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES [ ]
CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
16.4%
12 TYPE OF REPORTING PERSON*
CO
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Item 1(a). Name of Issuer.
The name of the issuer is Globalstar Telecommunications Limited
(the "Company").
Item 1(b). Address of Issuer's Principal Executive Office.
Globalstar Telecommunications Limited
Cedar House
41 Cedar Avenue
Hamilton HM12 Bermuda
Item 2(a). Name of Person Filing.
This statement is filed on behalf of General Electric
Company, a New York corporation ("GE"), GE Investments, Inc., a Nevada
corporation and a direct subsidiary of GE ("GEII"), and MRA Systems, Inc.
(formerly known as LMT Sub Inc.), a Delaware corporation and a subsidiary
of GEII ("MRAS").
Item 2(b). Address of Principal Business Office or, if None,
Residence.
The address of the principal business office of each of GE and
MRAS is 3135 Easton Turnpike, Fairfield, Connecticut 06431. The address of
the principal business office of GEII is 3003 Summer Street, Stamford,
Connecticut 06905.
Item 2(c). Citizenship.
Each of the persons filing this statement is a corporation
under the laws of a state of the United States.
Item 2(d). Title of Class of Securities.
This statement relates to the Company's Common Stock, par
value $1.00 per share (the "Shares").
Item 2(e). CUSIP Number.
The Company's CUSIP number is G3930H104.
Item 3. If this statement is filed pursuant to Rules 13d-1(b)
or 13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the
Act,
(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) [ ] Investment Advisor in accordance with Rule
13d-1(b)(1)(ii)(E),
(f) [ ] Employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F),
(g) [ ] Parent holding company or control person in accordance
with Rule 13d-1(b)(ii)(G),
(h) [ ] Savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813)
(i) [ ] Church plan that is excluded from the definition of
investment company under Section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check
this box [X].
Item 4(a). Amount Beneficially Owned.
MRAS owns 5,022,380 Shares. These Shares were acquired as
described in Items 3 and 4 of the Schedule 13D filled by GE dated November
17, 1997.
GEII is the direct parent corporation of MRAS, and, for the
purpose of Rule 13d-3 promulgated under the Securities Exchange Act of 1934
(the "Exchange Act"), GEII indirectly beneficially owns 5,022,380 Shares.
GE is the direct parent corporation of GEII, and, for the
purpose of Rule 13d-3 promulgated under the Exchange Act, GE indirectly
beneficially owns 5,022,380 Shares.
Item 4(b). Percent of Class.
Based on the Company's most recent Form 10-Q, MRAS, GEII and
GE beneficially own approximately 16.4% of the Company's outstanding Shares.
Item 4(c). Number of Shares as to which such Person Has:
(i) Sole power to vote or to direct the vote: GE, as the
direct parent corporation of GEII, which is the direct parent corporation of
MRAS, has sole power to vote or to direct the vote of 5,022,380 Shares.
(ii) Shared power to vote or to direct the vote: Not
applicable.
(iii) Sole power to dispose or to direct the disposition of:
GE, as the direct parent corporation of GEII, which is the direct parent
corporation of MRAS, has sole power to dispose or to direct the disposition
of 5,022,380 Shares.
(iv) Shared power to dispose or to direct the disposition of:
Not applicable.
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.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that purpose
or effect.
SIGNATURES
After reasonable inquiry and to the best knowledge and belief
of the undersigned, the undersigned certifies that the information set forth
in this statement is true, complete and correct.
Date: February 26, 1998
GENERAL ELECTRIC COMPANY
By: ______________________________
Name: Robert E. Healing
Title: Corporate Counsel
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001).
