<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2 )
Genrad Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of class of securities)
372447102
- --------------------------------------------------------------------------------
(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).
<PAGE> 2
<TABLE>
<CAPTION>
- ----------------------------------------- -------------------------------------
CUSIP NO. 372447102 13G PAGE 2 OF 6 PAGES
- ----------------------------------------- -------------------------------------
- -----------------------------------------------------------------------------------------------------
<S> <C> <C>
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Morgan Stanley Group Inc.
IRS # 13-283-8891
- -----------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)/ /
(b)/ /
- -----------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
The state of organization is Delaware.
- -----------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 2,009,504
------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
------------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER
2,011,004
- -----------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,011,004
- -----------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- -----------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.07%
- -----------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA, CO
- -----------------------------------------------------------------------------------------------------
</TABLE>
* SEE INSTRUCTIONS BEFORE FILLING OUT !
<PAGE> 3
<TABLE>
- ------------------------------------- -------------------------------------
CUSIP NO. 372447102 13G PAGE 3 OF 6 PAGES
- ------------------------------------- -------------------------------------
<S> <C>
Item 1 (a) Name of Issuer
- ----------------- ----------------------------
Genrad Inc.
Item 1 (b) Address of issuer's principal executive offices
- ----------------- -----------------------------------------------------
300 Baker Avenue
Concord, MA 01742
Item 2 (a) Name of person filing
- ----------------- -----------------------------------------------------
Morgan Stanley Group Inc.
Item 2 (b) Principal business office
- ----------------- -----------------------------------------------------
1585 Broadway
New York, New York 10036
Item 2 (c) Citizenship
- ----------------- ----------------------------
Incorporated by reference to Item 4 of the cover page.
Item 2 (d) Title of class of Securities
- ----------------- -----------------------------------------------------
Common Stock
Item 2 (e) Cusip No.
- ----------------- ----------------------------
372447102
Item 3 Morgan Stanley Group Inc. is (e) an Investment Adviser registered
- -----------------
under section 203 of the Investment Advisers Act of 1940.
Item 4 Ownership
- ----------------- ----------------------------
Incorporated by reference to Items (5) - (9) and (11) of the
cover page.
</TABLE>
<PAGE> 4
<TABLE>
- ------------------------------------- -------------------------------------
CUSIP NO. 372447102 13G PAGE 4 OF 6 PAGES
- ------------------------------------- -------------------------------------
<S> <C>
Item 5 Ownership of 5 Percent or Less of a Class
------ -----------------------------------------
Inapplicable
Item 6 Ownership of More than 5 Percent on Behalf of Another Person
------ ------------------------------------------------------------
Accounts managed on a discretionary basis by wholly-owned
subsidiaries of Morgan Stanley Group Inc. are known to have
the right to receive or the power to direct the receipt of
dividends from, or the proceeds from, the sale of such
securities. No such account holds more than 5 percent of the
class. the class.
Item 7 Identification and Classification of the Subsidiary Which Acquired
------ ------------------------------------------------------------------
the Security Being Reported on By the Parent Holding Company
------------------------------------------------------------
Inapplicable
Item 8 Identification and Classification of Members of the Group
------ ---------------------------------------------------------
Inapplicable
Item 9 Notice of Dissolution of Group
------ ------------------------------
Inapplicable
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.
</TABLE>
<PAGE> 5
<TABLE>
- ------------------------------------- -------------------------------------
CUSIP NO. 372447102 13G PAGE 4 OF 6 PAGES
- ------------------------------------- -------------------------------------
<S> <C>
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 : April 8, 1996
Signature : /s/ Edward J. Johnsen
-----------------------------------------------------------------------------
Name / Title : Edward J. Johnsen / Vice President Morgan Stanley & Co. Incorporated
-----------------------------------------------------------------------------
MORGAN STANLEY GROUP INC.
</TABLE>
<TABLE>
<CAPTION>
INDEX TO EXHIBITS PAGE
----------------- ----
<S> <C> <C>
EXHIBIT 1 Secretary's Certificate Authorizing Edward J. Johnsen 6
-------------------
to Sign on behalf of Morgan Stanley Group Inc.
</TABLE>
<PAGE> 1
Page 6 of 6 Pages
EXHIBIT 1
MORGAN STANLEY
SECRETARY'S CERTIFICATE
I, Charlene R. Herzer, a duly elected and acting Assistant Secretary of
Morgan Stanley Group Inc., a corporation organized and existing under the laws
of the State of Delaware (the "Corporation"), certify that the following
resolutions were duly and validly adopted by a Consent in Lieu of a Meeting of
the Executive Committee of the Board of Directors of the Corporation dated as
of October 19, 1995 and that such resolutions are in full force and effect on
the date hereof:
RESOLVED, that the resolutions adopted on September 8, 1993 and
April 17, 1995 relating to signatories to certain reports to be filed
with the Securities and Exchange Commission (the "SEC") are superseded
in their entirety by these resolutions and Stuart J.M. Breslow, Robert
G. Koppenol and Edward J. Johnsen are severally authorized and directed
to sign on behalf of the Corporation any reports to be filed under
Section 13 and Section 16 of the Securities Exchange Act of 1934, as
amended, and the rules and regulations thereunder, with the Securities
and Exchange Commission, such authorizations to cease automatically upon
termination of employment with any affiliate of the Corporation; and
RESOLVED FURTHER, that all actions heretofore taken by Stuart
J.M. Breslow, Robert G. Koppenol and Edward J. Johnsen that are within
the authority conferred by the foregoing resolution are approved,
ratified and confirmed in all respects.
RESOLVED, that any and all actions to be taken, caused to be
taken or heretofore taken by any officer of the Corporation in executing
any and all documents, agreements and instruments and in taking any and
all steps (including the payment of all expenses) deemed by such officer
as necessary or desirable to carry out the intents and purposes of the
foregoing resolutions are authorized, ratified and confirmed.
IN WITNESS WHEREOF, I have hereunto set my name and affixed the seal of
the Corporation as of the 20th day of October, 1995.
/s/ Charlene R. Herzer
---------------------------
Charlene R. Herzer
Assistant Secretary
[SEAL]