<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 10 )*
---
AMERICAN GREETINGS CORPORATION
- --------------------------------------------------------------------------------
(Name of Issuer)
CLASS B COMMON SHARES
- --------------------------------------------------------------------------------
(Title of Class of Securities)
026375-20-4
- --------------------------------------------------------------------------------
(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).
(Continued on following page(s))
Page 1 of 5 Pages
<PAGE> 2
13G
- ------------------------------------ ---------------------------------
| CUSIP No. 026375-20-4 | | Page 2 of 5 Pages |
---------------- | | |
- ------------------------------------ ---------------------------------
- ---------------------------------------------------------------------------
| 1 | Name of Reporting Person |
| | S.S. or I.R.S. Identification No. of Above Person |
| | |
| | IRVING I. STONE SS#: ###-##-#### |
| ----------------------------------------------------------------------
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | |
| | (b) [ ] |
| | |
| ----------------------------------------------------------------------
| 3 | SEC USE ONLY |
| | |
| | |
| ----------------------------------------------------------------------
| 4 | Citizenship or Place of Organization |
| | |
| | U.S.A. |
- ---------------------------------------------------------------------------
| | | Sole Voting Power |
| Number of | 5 | |
| | | 2,022,146 |
| Shares | | |
| ----------------------------------------------------------
| Beneficially | 6 | Shared Voting Power |
| | | |
| Owned By | | -0- |
| ----------------------------------------------------------
| Each | 7 | Sole Dispositive Power |
| | | |
| Reporting | | 2,022,146 |
| ----------------------------------------------------------
| Person | 8 | Shared Dispositive Power |
| | | |
| With | | -0- |
- ---------------------------------------------------------------------------
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person |
| | |
| | 2,022,146 |
| | |
| ---------------------------------------------------------------------
| 10 | Check Box If the Aggregate Amount in Row (9) Excludes Certain |
| | Shares* |
| | X |
| ---------------------------------------------------------------------
| 11 | Percent of Class Represented by Amount in Row 9 |
| | |
| | 45.6% |
| | |
| --------------------------------------------------------------------
| 12 | Type of Reporting Person* |
| | |
| | IN |
- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3
13G
- ------------------------------------ ----------------------------------
| CUSIP No. 026375-20-4 | | Page 3 of 5 Pages |
---------------- | | |
- ----------------------------------- ----------------------------------
- ---------------------------------------------------------------------------
| 1 | Name of Reporting Person |
| | S.S. or I.R.S. Identification No. of Above Person |
| | |
| | MORRY WEISS SS#: ###-##-#### |
- ---------------------------------------------------------------------------
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | |
| | (b) [ ] |
| | |
- ---------------------------------------------------------------------------
| 3 | SEC USE ONLY |
| | |
| | |
- ---------------------------------------------------------------------------
| 4 | Citizenship or Place of Organization |
| | |
| | U.S.A. |
- ---------------------------------------------------------------------------
| | | Sole Voting Power |
| Number of | 5 | |
| | | 600,000 |
| Shares | | |
| ----------------------------------------------------------
| Beneficially | 6 | Shared Voting Power |
| | | |
| Owned By | | -0- |
| ----------------------------------------------------------
| Each | 7 | Sole Dispositive Power |
| | | |
| Reporting | | 600,000 |
| ----------------------------------------------------------
| Person | 8 | Shared Dispositive Power |
| | | |
| With | | -0- |
- ---------------------------------------------------------------------------
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person |
| | |
| | 600,000 |
| | |
- ---------------------------------------------------------------------------
| 10 | Check Box If the Aggregate Amount in Row (9) Excludes Certain |
| | Shares* |
| | X |
- ---------------------------------------------------------------------------
| 11 | Percent of Class Represented by Amount in Row 9 |
| | |
| | 13.5% |
- ---------------------------------------------------------------------------
| 12 | Type of Reporting Person* |
| | |
| | IN |
- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4
Page 4 of 5 Pages
SCHEDULE 13G
Item 1(a) Name of Issuer:
---------------
American Greetings Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
------------------------------------------------
One American Road, Cleveland, Ohio 44144
Item 2(a) Name of Person Filing:
----------------------
Irving I. Stone
Morry Weiss
Item 2(b) Address or Principal Office:
----------------------------
One American Road, Cleveland, Ohio 44144
One American Road, Cleveland, Ohio 44144
Item 2(c) Citizenship
-----------
U.S.A. with respect to each person named in 2(a) above
Item 2(d) Title of Class of Securities:
-----------------------------
American Greetings Corporation Class B Common Shares
Item 2(e) CUSIP Number:
-------------
026375-20-4
Item 3 Status of Person Filing:
------------------------
Not Applicable
Item 4 Ownership:
----------
(a) Amount beneficially owned (b) Percent of
------------------------- Class
-----------
Irving I. Stone - 2,022,146 45.6%
Morry Weiss - 600,000 13.5%
<PAGE> 5
Page 5 of 5 Pages
SCHEDULE 13G
Item 4 (c) Number of shares as to which such person has:
(Continued) ---------------------------------------------
- -----------
(i) Sole Power (ii) Shared Power
to Vote to Vote
---------- ------------
Irving I. Stone 2,022,146 -0-
Morry Weiss 600,000 -0-
(iii) Sole Power (iv) Shared Power
to Dispose to Dispose
---------- ------------
Irving I. Stone 2,022,146 -0-
Morry Weiss 600,000 -0-
Item 5 Ownership of Five Percent or Less of a Class:
---------------------------------------------
Not Applicable
Item 6 Ownership of More than Five Percent on Behalf of Another
--------------------------------------------------------
Person:
-------
Not Applicable
Item 7 Identification and Classification of the Subsidiary Which
---------------------------------------------------------
Acquired the Security:
----------------------
Not Applicable
Item 8 Identification and Classification of Members of the
---------------------------------------------------
Group:
------
Not Applicable
Item 9 Notice of Dissolution of Group:
-------------------------------
Not Applicable
Item 10 Certification
-------------
Not Applicable
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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.
February 6, 1997
----------------------------------------
/s/ Morry Weiss
-----------------------------------------
Morry Weiss
Chairman and
Chief Executive Officer
