HOWELL INDUSTRIES INC
SC 13G/A, 1997-10-03
METAL FORGINGS & STAMPINGS
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<PAGE>   1
                     SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C. 20549


                                SCHEDULE 13G


                  UNDER THE SECURITIES EXCHANGE ACT OF 1934

                          (AMENDMENT NO. 7   )*

                            HOWELL INDUSTRIES INC.

                                 Common Stock
                                  443073101

Check the following box if a fee is being paid with their 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 their 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

CUSIP No. 443073101                                                 PAGE 2 of 4

1  NAME OF REPORTING PERSON
   S.S. or I.R.S. Identification No. of Above Person


   First Chicago NBD Corporation 38-1984850*

2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*  (a) / /  (b) /X/

3  SEC USE ONLY

4  CITIZENSHIP OR PLACE OF ORGANIZATION

   Delaware

NUMBER OF       5  SOLE VOTING POWER

 SHARES              -0-

BENEFICIALLY    6  SHARED VOTING POWER

  OWNED BY           -0-

EACH            7  SOLE DISPOSITIVE POWER

  REPORTING          -0-

PERSON WITH     8  SHARED DISPOSITIVE POWER

                     -0-
                   
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                     0.0

12 TYPE OF REPORTING PERSON*
   *Unless otherwise disclosed herein, all holdings of the Reporting Person are
     indirect through one or more subsidiaries.
HC CO

sec 1745 (6-80)  SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>   3
SEC 13G                                                              PAGE 3 of 4

SECURITIES AND EXCHANGE COMMISSION

SCHEDULE 13G Amendment No. 7

ITEM 1(a)       NAME OF ISSUER:
                Howell Industries Inc.

ITEM 1(b)       ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
                17515 West 9 Mile Rd.
                Southfield, MI  48075

ITEM 2(a)       NAME OF PERSON FILING:
                First Chicago NBD Corporation. ("FCN")

ITEM 2(b)       ADDRESS OF PRINCIPAL BUSINESS OFFICES:
                One First National Plaza
                Chicago, Illinois  60670

ITEM 2(c)       CITIZENSHIP
                Delaware

ITEM 2(d)       TITLE OF CLASS OF SECURITIES:
                Common Stock

ITEM 2(e)       CUSIP NO.:
                443073101

ITEM 3          TYPE OF PERSON FILING:
                (g) FCN is a Parent Holding Company in accordance with
                240.13d-1(b)(ii)(g).

ITEM 4          OWNERSHIP:
        The shares listed below were held in a fiduciary capacity by one or
        more subsidiaries of First Chicago NBD Corporation as of September 30,
        1997
                A.)  Amount Beneficially owned:  -0-
                B.)  Percent of Class:  0.0
                C.)  Number of shares to which the subject Holding Company has
                     directly or through its subsidiaries:
                     1.)  Sole power to vote or direct the vote:  -0-
                     2.)  Shared power to vote or to direct the vote:  -0-
                     3.)  Sole power to dispose or to direct the disposition
                          of:  -0-
                     4.)  Shares power to dispose or to direct the disposition
                          of:  -0-

<PAGE>   4
                                                                    Page 4 of 4


ITEM 5          OWNERSHIP OF 5 PERCENT OR LESS OF A CLASS:
                If this statement is being filed to report the fact that as of
                the date hereof the Reporting Person has ceased to be the 
                beneficial owner of more than 5 percent of securities, check    
                the following /X/.

ITEM 6          OWNERSHIP OF MORE THAN 5 PERCENT ON BEHALF OF ANOTHER PERSON:
                Not Applicable

ITEM 7          IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
                ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING 
                COMPANY: SEE ITEM 3

ITEM 8          IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
                Not Applicable

ITEM 9          NOTICE OF DISSOLUTION OF GROUP: NOT APPLICABLE

ITEM 10         CERTIFICATION:  By signing below I certify that to the best of
                my knowledge and belief, the securities referred 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
                my knowledge and belief, I certify that the information set
                forth in this statement is true, complete and correct.

Dated:          October 02, 1997

                                Daniel T. Lis
                                -------------
                                Daniel T. Lis
                                Assistant Secretary
                                First Chicago NBD Corporation
                                (313) 225-3154


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