SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3 )*
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American Capital Bond Fund
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(Name of Issuer)
Convertible Notes
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(Title of Class of Securities)
024902108
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(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>
CUSIP No. 024902108 13G Page 1 of 3 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Guardian Life Insurance Company of America
13-5123390
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
201 Park Avenue South
New York, New York 10003
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NUMBER OF 5 SOLE VOTING POWER
SHARES Right to acquire 563,588 shares of common stock.
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH Right to acquire 563,588 shares of common stock.
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8 SHARED DISPOSITIVE POWER
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
563,588 shares upon conversion of 8.5%
Convertible Subordinated Debentures due 1/1/1995
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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)
Right to acquire 4.78% of common stock
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12 TYPE OF REPORTING PERSON*
IC
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 2 of 3
Item 1. (a) American Capital Bond Fund
(b) 2800 Post Oak Boulevard
Houston, Texas 77056
Item 2. (a) The Guardian Life Insurance Company of America
(b) 201 Park Avenue South, New York, New York 10003
(c) New York, U.S.A.
(d) Convertible Notes
(e) CUSIP 024902108
Item 3. (c) Insurance Company as defined in section 3(a)(19) of the Act
Item 4. (a) Right to acquire 563,588 shares of common stock upon conversion
of $13,000,000 principal amount of the issuer's 8.5%
Convertible Subordinated Debentures due 1/1/95.
(b) Right to acquire 4.78% shares of common stock
(c) (i) Right to acquire 563,588 shares of common stock
(ii) 0
(iii) Right to acquire 563,588 shares of common stock
(iv) 0
Item 5. As of December 31, 1994, The Guardian group owned less than 5%
of a class of the outstanding voting equity securities of the
issuer.
Item 6. Not applicable
Item 7. Not applicable
Item 8. Not applicable
Item 9. Not applicable
<PAGE>
Page 3 of 3
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.
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.
Date: February 10, 1995
The Guardian Life Insurance Company of America
By: /s/ Vickie Riccardo
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Vickie Riccatdo, Counsel
