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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
Under the Securities Act of 1934
American Banknote Corporation
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(Name of Issuer)
Common Stock, Par Value $.01 Per Share
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(Title of Class of Securities)
024490104
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(CUSIP Number)
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The information required in the remainder of this cover page (except any items
to which the form provides a cross-reference) 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.
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CUSIP No. 024490104 13G Page 2 of 8 Pages
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1 Name of Reporting Person Steven A. Van Dyke
I.R.S. Identification No. of Above Person Not applicable
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2 Check the Appropriate Box if a Member of a Group (See Instructions)(a)[ ]
(b)[X]
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3 SEC Use Only
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4 Citizenship or Place of Organization
United States
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Number of 5 Sole Voting Power
Shares 2,287,950
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Beneficially 6 Shared Voting Power
Owned by 0
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Each Reporting 7 Sole Dispositive Power
2,287,950
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Person With 8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
2,287,950
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10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
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11 Percent of Class Represented by Amount in Row (9)
11.3%
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12 Type of Reporting Person (See Instructions)
IN, HC
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CUSIP No. 024490104 13G Page 3 of 8 Pages
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1 Name of Reporting Person Tower Investment Group, Inc.
I.R.S. Identification No. of Above Person 59-2924229
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2 Check the Appropriate Box if a Member of a Group (See Instructions)(a)[ ]
(b)[X]
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3 SEC Use Only
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4 Citizenship or Place of Organization
Florida
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Number of 5 Sole Voting Power
Shares 2,287,950
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Beneficially 6 Shared Voting Power
Owned by 0
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Each 7 Sole Dispositive Power
Reporting 2,287,950
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Person With 8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
2,287,950
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10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
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11 Percent of Class Represented by Amount in Row (9)
11.3%
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12 Type of Reporting Person (See Instructions)
HC
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CUSIP No. 024490104 13G Page 4 of 8 Pages
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1 Name of Reporting Person Bay Harbour Management, L.C.
I.R.S. Identification No. of Above Person 59-3418243
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2 Check the Appropriate Box if a Member of a Group (See Instructions)(a)[ ]
(b)[X]
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3 SEC Use Only
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4 Citizenship or Place of Organization
Florida
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Number of 5 Sole Voting Power
Shares 2,287,950
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Beneficially 6 Shared Voting Power
Owned by 0
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Each 7 Sole Dispositive Power
Reporting 2,287,950
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Person With 8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
2,287,950
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10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
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11 Percent of Class Represented by Amount in Row (9)
11.3%
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12 Type of Reporting Person (See Instructions)
IA
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CUSIP No. 024490104 13G Page 5 of 8 Pages
Item 1(a) Name of Issuer:
American Banknote Corporation.
Item 1(b) Address of Issuer's Principal Executive Offices:
200 Park Avenue
New York, New York 10166-4999
Item 2(a) Name of Person(s) Filing:
Bay Harbour Management, L.C. ("Bay Harbour"), Tower Investment Group,
Inc. ("Tower"), as the majority stockholder of Bay Harbour, and
Steven A. Van Dyke, in his capacity as the sole stockholder and
President of Tower.
Item 2(b) Address of Principal Business Office:
The principal business address of Bay Harbour, Tower and Mr. Van Dyke
is 777 South Harbour Island Boulevard, Suite 270, Tampa, Florida
33602.
Item 2(c) Citizenship:
Bay Harbour - Florida
Tower - Florida
Mr. Van Dyke - United States
Item 2(d) Title of Class of Securities:
Common Stock, par value $.01 per share, of American Banknote
Corporation.
Item 2(e) CUSIP Number:
024490104
Item 3 The person(s) filing is (are):
Bay Harbour is an investment adviser registered under Section 203 of
the Investment Advisers Act of 1940.
Tower is a parent holding company of Bay Harbour.
Mr. Van Dyke is a "parent holding company" of Bay Harbour.
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CUSIP No. 024490104 13G Page 6 of 8 Pages
Item 4(a) Amount Beneficially Owned:
As of October 31, 1997, Bay Harbour may be deemed to be the
beneficial owner of 2,287,950 shares of Common Stock of American
Banknote Corporation as a result of voting and dispositive power that
it held with respect to the 2,287,950 shares of Common Stock of
American Banknote Corporation held for the account of four private
investment funds and 17 managed accounts.
As of October 31, 1997, Tower may be deemed to be the beneficial
owner of the 2,287,950 shares of Common Stock of American Banknote
Corporation deemed to be beneficially owned by Bay Harbour referred
to above. Tower is the majority stockholder of Bay Harbour.
As of October 31, 1997, Mr. Van Dyke may be deemed to be the
beneficial owner of the 2,287,950 shares of Common Stock of American
Banknote Corporation deemed to be beneficially owned by Bay Harbour
referred to above. Mr. Van Dyke is the sole stockholder and President
of Tower.
Item 4(b) Percent of Class:
11.3%
Item 4(c) Number of shares as to which Bay Harbour has:
(i) sole power to vote or direct the vote: 2,287,950
(ii) shared power to vote or to direct the vote: 0
(iii) the sole power to dispose of or to direct the disposition of:
2,287,950
(iv) shared power to dispose of or to direct the disposition of: 0
Bay Harbour does not currently possess any rights to acquire
additional shares of American Banknote Corporation Common Stock.
Number of shares as to which Tower has:
(i) sole power to vote or direct the vote: 2,287,950
(ii) shared power to vote or to direct the vote: 0
(iii) the sole power to dispose of or to direct the disposition of:
2,287,950
(iv) shared power to dispose of or to direct the disposition of: 0
Tower does not currently possess any rights to acquire additional
shares of American Banknote Corporation Common Stock.
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CUSIP No. 024490104 13G Page 7 of 8 Pages
Number of shares as to which Mr. Van Dyke has:
(i) sole power to vote or direct the vote: 2,287,950
(ii) shared power to vote or to direct the vote: 0
(iii) the sole power to dispose of or to direct the disposition of:
2,287,950
(iv) shared power to dispose of or to direct the disposition of: 0
Mr. Van Dyke does not currently possess any rights to acquire
additional shares of American Banknote Corporation Common Stock.
Item 5. Ownership of Five Percent or Less of a Class.
Inapplicable.
Item 6. Ownership of More than 5% on Behalf of Another Person.
The limited partners of the partnerships and the investors in the
managed accounts for which Bay Harbour acts as an investment adviser
have the right to participate in the receipt of dividends from, or
proceeds from the sale of, securities held by their funds or
accounts, as the case may be. No such fund, single limited partner of
any of such funds nor any investor in a managed account holds a
beneficial interest in the American Banknote Corporation Common Stock
which would cause such person to be deemed the beneficial owner of
more than five percent of the outstanding Common Stock of American
Banknote Corporation.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
See Item 3 hereof.
Item 8. Identification and Classification of Members of the Group.
Inapplicable.
Item 9. Notice of Dissolution of the Group.
Inapplicable.
Item 10. Certification.
By signing below each of the undersigned certifies that, to the best
of such person's knowledge and belief, the securities referred to
above were acquired in the ordinary course
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CUSIP No. 024490104 13G Page 8 of 8 Pages
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 or such securities and were not acquired in connection with or
as a participant in any transaction have such purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief,
each of the undersigned certify that the information set forth in this statement
is true, complete and correct.
Date: November 10, 1997 BAY HARBOUR MANAGEMENT, L.C.
By: STEVEN A. VAN DYKE
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Name: Steven A. Van Dyke
Title: President and Chief Executive
Officer
Dated: November 10, 1997 TOWER INVESTMENT GROUP, INC.
By: STEVEN A. VAN DYKE
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Name: Steven A. Van Dyke
Title: President
Dated: November 10, 1997 STEVEN A. VAN DYKE
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Steven A. Van Dyke
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Exhibit Index
Exhibit I Joint Filing Agreement, dated November 10, 1997, by and among Bay
Harbour Management, L.C., Tower Investment Group, Inc. and
Steven A. Van Dyke
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Exhibit I
Joint Filing Agreement
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement shall be filed on behalf of each of the
undersigned without the necessity of filing additional joint filing agreements.
The undersigned acknowledge that each shall be responsible for the timely filing
of such amendments, and for the completeness and accuracy of the information
concerning it contained therein, but shall not be responsible for the
completeness and accuracy of the information concerning the others, except to
the extent that it knows or has reason to believe that such information is
inaccurate.
This Agreement may be executed counterparts and each of such
counterparts taken together shall constitute one and the same instrument.
Date: November 10, 1997 BAY HARBOUR MANAGEMENT, L.C.
By: STEVEN A. VAN DYKE
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Name: Steven A. Van Dyke
Title: President and Chief
Executive Officer
Date: November 10, 1997 TOWER INVESTMENT GROUP, INC.
By: STEVEN A. VAN DYKE
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Name: Steven A. Van Dyke
Title: President
Dated: November 10, 1997 STEVEN A. VAN DYKE
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Steven A. Van Dyke