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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Contrarian Capital Advisors, L.L.C.
411 West Putnam Avenue
Suite 225
Greenwich, Connecticut 06830
2. Date of Event Requiring Statement (Month/Day/Year)
December 14, 1998
3. IRS Reporting Person
(Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Harvard Industries, Inc.
HAVAV
5. Relationship of Reporting Person(s) to Issuer (Check all
applicable)
( ) Director (X) 10% Owner ( ) Officer (give title
below) (X) Other*
(specify below)
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Check Applicable Line)
( ) Form filed by One Reporting Person
(X) Form filed by More than One Reporting Person
Table I -- Non-Derivative Securities Beneficially Owned
1. Title of Security 2. Amount of 3. Ownership 4. Nature of Indirect
Securities Form: Beneficial Ownership
Beneficially Direct(D) or
Owned Indirect(I)
Common Stock 803,289** (I) Investment Manager
Common Stock 2,056,240*** (I) General Partner or
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Investment Manager
2
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Table II -- Derivative Securities Beneficially Owned
<TABLE>
<S> <C> <C> <C> <C> <C>
1.Title of 2.Date Exer- 3.Title and Amount 4.Conver- 5.Ownership 6.Nature of
Derivative cisable and of Securities sion or Form of Indirect
Security Expiration Underlying Exercise Derivative Beneficial
Date Derivative Security Price of Security: Ownership
(Month/Day/ --------------- Deri- Direct(D) or
Year) Title Amount or vative Indirect (I)
--------------- Number of Security
Date Expira- Shares
Exer- tion
cisable Date
</TABLE>
EXPLANATION OF RESPONSES:
* The Reporting Persons are investment advisers registered under
Section 203 of the Investment Advisers Act of 1940 and have
voting power and investment power with respect to securities in
their clients' accounts. A Managing Member of each of the
Reporting Persons is a member of the Board of Directors of
Harvard Industries, Inc.
** These securities are owned by investment advisory clients of
Contrarian Capital Advisors, L.L.C. ("CCA"). CCA disclaims any
beneficial ownership of any such securities except to the extent
of its pecuniary interest therein. Nonetheless, the entire
amount of securities held by the investment advisory clients of
CCA is reported herein.
*** These securities are owned by investment advisory clients of
Contrarian Capital Management, L.L.C. ("CCM"). CCM disclaims any
beneficial ownership of any such securities except to the extent
of its pecuniary interest therein. Nonetheless, the entire
amount of securities held by the investment advisory clients of
CCM is reported herein.
SIGNATURE OF REPORTING PERSON
CONTRARIAN CAPITAL ADVISORS, L.L.C.
By: /s/ David E. Jackson
_____________________________
David E. Jackson, Managing Member
DATE
December 21, 1998
3
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Joint Filer Information
Name: Contrarian Capital Management, L.L.C.
Address: 411 West Putnam Avenue
Suite 225
Greenwich, Connecticut 06830
Designated
Filer: Contrarian Capital Advisors, L.L.C.
Issuer: Harvard Industries, Inc.
Date of Event
Requiring
Statement: December 14, 1998
Signature:
CONTRARIAN CAPITAL MANAGEMENT, L.L.C.
By: /s/ David E. Jackson
_____________________________
David E. Jackson, Managing Member
4
01385001.AO3
