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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. )
General Motors Corpocation
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(Name of Issuer)
Common -- Class-H
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(Title of Class of Securities)
370442501
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(CUSIP Number)
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(Date of Event Which Requires Filing of this Statement)
Check the following box to designate the rule pursuant to which this Schedule
is filed:
[ X ] Rule 13d-1(b)
[ ] Rule 14d-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).
Page 1 of 5 Pages
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CUSIP No. 370442501 13G Page 2 of 5
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
(1) The Charles Schwab Corporation 94-3025021
(2) U.S. Trust Corporation 13-2927955
(3) United States Trust Company of New York 13-5459866
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2
N/A (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
- 0 -
NUMBER OF ------------------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY 182,205
EACH
REPORTING ------------------------------------------------------------
PERSON SOLE DISPOSITIVE POWER
WITH 7
- 0 -
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SHARED DISPOSITIVE POWER
8
See 6
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
See 6
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
N/A
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
20.86
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TYPE OF REPORTING PERSON
12
(1) HC
(2) HC
(3) BK
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*SEE INSTRUCTION BEFORE FILLING OUT!
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Issuer
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General Motors Corporation
Item 1 (b) Address of Issuer's Principal Executive Offices:
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767 5th Avenue
New York, NY 10153
Att: Treasurer
Item 2 (a) Name of Person Filing:
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The Charles Schwab Corporation*1
U.S. Trust Company of New York*2
United States Trust Company of New York*2
Address or Principal Place of Business Office or,
Item 2 (b) if none, Residence:
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*1 120 Kearney Street
San Francisco, CA 94108
*2 114 W. 47th Street
New York, N.Y. 10036
Item 2 (c) Citizenship:
New York
Item 2 (d) Title of Class of Securities:
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Common -- Class-H
Item 2 (e) CUSIP Number:
370442501
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) Not applicable
(b) (X) United States Trust Company of New York, a
bank as defined in Section 3(a)(6) of Act.
(c) Not applicable
(d) Not applicable
(e) Not applicable
(f) Not applicable
(g) (X) U.S. Trust Corporation is a parent holding
company, in accordance with section
240.13d-1 (b)(1)(ii)(G).
(h) Not applicable
-3-
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Item 4 (a) Amount Beneficially Owned:
182,205
(b) Percent of Class:
20.86
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
See 4(a)
(iii) sole power to dispose or to direct the
disposition of
-0-
(iv) shared power to dispose or to direct the
disposition of
See 4(a)
Item 5 Ownership of Five Percent or Less of a Class
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N/A
Item 6 Ownership of More than Five Percent on Behalf of
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Another Person.
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See *3, below
The Reporting Person is an Independent Trustee of the
Issuer's Employees' Pension Plan Trust.
Item 7 Identification and Classification of the Subsidiary
which Acquired the Security Being Reported on by the
Parent Holding Company.
See Items 1 and 12 of Page 2 and Item 3 herein.
Item 8 Identification and Classification of the Members of
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the Group.
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Not applicable
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*3 On May 30, 2000, The Charles Schwab Corporation
acquired U.S. Trust Corporation, whereby the latter
became a wholly-owned subsidiary of the former.
The United States Trust Company of New York is a
subsidiary of U.S. Trust Corporation and is the
Independent Trustee of the Issuer's Employees'
Pension Plan.
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Item 9 Notice of Dissolution of Group.
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Not applicable
Item 10 Certification. By signing below we certify that, to
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the best of our 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.
Signature. After reasonable inquiry and to the best
of our knowledge and belief, we certify that the
information set forth in this statement is true,
complete and correct.
Date: July 10, 2000
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THE CHARLES SCHWAB CORPORATION
By: /s/ Christopher V. Dodds
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Name: Christopher V. Dodds
Title: Executive Vice President
and Chief Financial Officer
U.S. TRUST CORPORATION
By: /s/ Joseph A. Tricarico
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Name: Joseph A. Tricarico
Title: Authorized Agent
UNITED STATES TRUST COMPANY OF
NEW YORK
By: /s/ Joseph A. Tricarico
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Name: Joseph A. Tricarico
Title: Vice President and Trust Counsel
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AGREEMENT OF JOINT FILING
The undersigned agree that a single Schedule 13G and any amendment thereto
relating to the common stock of General Motors Corporation Class-H, shall be
filed on behalf of each of the undersigned.
THE CHARLES SCHWAB CORPORATION
By: /s/ Christopher V. Dodds
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Name: Christopher V. Dodds
Title: Executive Vice President
and Chief Financial Officer
U.S. TRUST CORPORATION
By: /s/ Joseph A. Tricarico
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Name: Joseph A. Tricarico
Title: Authorized Agent
UNITED STATES TRUST COMPANY OF
NEW YORK
By: /s/ Joseph A. Tricarico
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Name: Joseph A. Tricarico
Title: Vice President and Trust Counsel