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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )
Houghton Mifflin Company
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(Name of Issuer)
Common Stock
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(Title of class of securities)
441560109
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(CUSIP number)
Check the following box if a fee is being paid with this statement /x / (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. 441560109 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 Group Inc.
IRS #13-283-8891
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
The state of organization is Delaware
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5 SOLE VOTING POWER
0
NUMBER OF ------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 693,600
OWNED BY ------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH ------------------------------------------------
8 SHARED DISPOSITIVE POWER
744,850
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
744,850
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.09%
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12 TYPE OF REPORTING PERSON*
IA, CO
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* SEE INSTRUCTIONS BEFORE FILLING OUT !
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CUSIP No. 441560109 13G Page 3 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 Asset Management Limited
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Organized under the Laws of England
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5 SOLE VOTING POWER
0
NUMBER OF ----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 684,200
OWNED BY ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
735,450
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
735,450
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.03%
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12 TYPE OF REPORTING PERSON*
IA, CO
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* SEE INSTRUCTIONS BEFORE FILLING OUT !
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CUSIP No. 441560109 13G Page 4 of 8 Pages
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Item 1 (a) Name of Issuer
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Houghton Mifflin Company
Item 1 (b) Address of issuer's principal executive offices
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222 Berkeley Street
Boston, MA 02116-3764
Item 2 (a) Name of person filing
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(a) Morgan Stanley Group Inc.
(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.
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441560109
Item 3 (a) Morgan Stanley Group Inc. is (e) an Investment
- ----------- Adviser registered under section 203 of the
Investment Advisers Act of 1940.
(b) Morgan Stanley Asset Management Inc. 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.
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CUSIP No. 441560109 13G Page 5 of 8 Pages
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Item 5 Ownership of 5 Percent or Less of a Class
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Inapplicable
Item 6 Ownership of More than 5 Percent on Behalf of Another
- ----------- Person
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Accounts managed on a discretionary basis by Morgan
Stanley Asset Management Limited, a wholly owned subsidiary
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.
Item 7 Identification and Classification of the Subsidiary Which
- ----------- 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. 441560109 13G Page 6 of 8 Pages
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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: February 14, 1997
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: February 14, 1997
Signature: /s/ EDWARD J. JOHNSEN
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Name/Title: Edward J. Johnsen/Vice President Morgan Stanley & Co.
Incorporated
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MORGAN STANLEY GROUP INC.
INDEX TO EXHIBITS PAGE
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EXHIBIT 1 Agreement to Make a Joint Filing 7
EXHIBIT 2 Secretary's Certificate Authorizing Edward J. Johnsen 8
to Sign on behalf of Morgan Stanley Group Inc.
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CUSIP No. 441560109 13G Page 7 of 8 Pages
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EXHIBIT 1 TO SCHEDULE 13G
February 14, 1997
MORGAN STANLEY GROUP INC. 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
------------------------------------------------------------------------
Peter A. Nadosy/Director Morgan Stanley Asset Management Limited
MORGAN STANLEY GROUP INC.
BY: /s/ EDWARD J. JOHNSEN
------------------------------------------------------------------------
Edward J. Johnsen/Vice President Morgan Stanley & Co. Incorporated
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Page 8 of 8 Pages
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EXHIBIT 2
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]
