<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 4 )
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).
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CUSIP No. 372447102 13G Page 2 of 8 Pages
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- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Morgan Stanley, Dean Witter, Discover & Co.
IRS # 39-314-5972
- --------------------------------------------------------------------------------
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 2,637,613
--------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
--------------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER
2,782,813
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,782,813
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.20%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA, CO
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* SEE INSTRUCTIONS BEFORE FILLING OUT !
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CUSIP No. 372447102 13G Page 3 of 8 Pages
- ----------------------- -----------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Morgan Stanley Asset Management Limited
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Organized under the Laws of England
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
----------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 2,464,718
----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
----------------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER
2,608,418
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,608,418
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.56%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA, CO
- --------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT !
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CUSIP No. 372447102 13G Page 4 of 8 Pages
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Item 1 (a) Name of Issuer
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Genrad Inc.
Item 1 (b) Address of issuer's principal executive offices
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300 Baker Avenue
Concord, MA 01742
Item 2 (a) Name of person filing
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(a) Morgan Stanley, Dean Witter, Discover & Co.
(b) Morgan Stanley Asset Management Limited
Item 2 (b) Principal business office
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(a) 1585 Broadway
New York, New York 10036
(b) 25 Cabot Square
Canary Wharf
London E14 4QA
England
Item 2 (c) Citizenship
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Incorporated by reference to
Item 4 of the cover page
pertaining to each reporting
person.
Item 2 (d) Title of class of Securities
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Common Stock
Item 2 (e) Cusip No.
- ----------------- ----------------------------------------------------
372447102
Item 3 (a) Morgan Stanley, Dean Witter, Discover & Co. is (e)
- ----------------- an Investment Adviser registered under section 203
of the Investment Advisers Act of 1940.
(b) Morgan Stanley Asset Management Limited is (e) an
Investment Adviser registered under Section 203 of
the Investment Advisers Act of 1940.
Item 4 Ownership
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Incorporated by reference to Items (5) - (9) and
(11) of the cover page pertaining to each reporting
person.
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CUSIP No. 372447102 13G Page 5 of 8 Pages
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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 Morgan Stanley Asset
Management Limited a wholly owned subsidiary of Morgan Stanley,
Dean Witter, Discover & Co., 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.
Item 7 Identification and Classification of the Subsidiary Which
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Acquired the Security Being Reported on By the Parent Holding
-----------------------------------------------------------------
Company
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Inapplicable
Item 8 Identification and Classification of Members of the Group
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Inapplicable
Item 9 Notice of Dissolution of Group
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Inapplicable
Item 10 Certification
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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.
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CUSIP No. 372447102 13G Page 6 of 8 Pages
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<TABLE>
<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 : January 9, 1998
Signature : /s/ Peter A. Nadosy
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Name / Title : Peter A. Nadosy /Director Morgan Stanley Asset Management Limited
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MORGAN STANLEY ASSET MANAGEMENT LIMITED
Date : January 9, 1998
Signature : /s/ Bruce Bromberg
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Name / Title : Bruce Bromberg / Vice President Morgan Stanley & Co. Incorporated
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MORGAN STANLEY, DEAN WITTER, DISCOVER & CO.
</TABLE>
<TABLE>
<CAPTION>
INDEX TO EXHIBITS PAGE
----------------- ----
<S> <C> <C>
EXHIBIT 1 Agreement to Make a Joint Filing 7
---------
EXHIBIT 2 Secretary's Certificate Authorizing Bruce Bromberg 8
--------- to Sign on behalf of Morgan Stanley, Dean Witter,
Discover & Co.
</TABLE>
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CUSIP No. 372447102 13G Page 7 of 8 Pages
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EXHIBIT 1 TO SCHEDULE 13G
January 9, 1998
MORGAN STANLEY, DEAN WITTER, DISCOVER & CO. and MORGAN STANLEY ASSET
MANAGEMENT LIMITED hereby agree that, unless differentiated, this Schedule
13G is filed on behalf of each of the parties.
MORGAN STANLEY ASSET MANAGEMENT LIMITED
BY: /s/ Peter A. Nadosy
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Morgan Stanley Asset Management Limited
Peter A. Nadosy /Director Morgan Stanley Asset Management Limited
MORGAN STANLEY, DEAN WITTER, DISCOVER & CO.
BY: /s/ Bruce Bromberg
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Bruce Bromberg / Vice President Morgan Stanley & Co., Incorporated
<PAGE> 1
EXHIBIT 2 Page 8 of 8 Pages
MORGAN STANLEY, DEAN WITTER, DISCOVER & CO.
SECRETARY'S CERTIFICATE
I, Charlene R. Herzer, a duly elected an acting Assistant Secretary of
Morgan Stanley, Dean Witter, Discover & Co., a corporation organized and
existing under the laws of the State of Delaware (the "Corporation"), certify
that as approved by a Unanimous Consent of Directors in lieu of a Meeting dated
as of May 31, 1997. the following persons are each authorized to sign reports
to be filed under Sections 13 an 16 of the Securities Exchange Act of 1934 on
behalf of the Corporation, and such authorizations are in full force and effect
as of this date:
Stuart J. M. Breslow
Robert G. Koppenol
Bruce Bromberg
Robin Sherak
IN WITNESS WHEREOF, I have hereunto set my name and affixed the seal of
the Corporation as of the 3rd day of June, 1997.
/S/ Charlene R. Herzer
------------------------------------
CHARLENE R. HERZER
ASSISTANT SECRETARY
[SEAL]
