UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
American Greetings
(Name of Issuer)
Common Stock
(Title and Class of Securities)
026375105
(CUSIP Number)
*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 disclosures provided in a prior cover page.
The information required on 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>
SCHEDULE 13G
CUSIP No.026375105 Page 2 of 4
1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Invista Capital Management, Inc.
Principal Mutual Life Insurance Company
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Invista Capital Management, Inc. State of Iowa
Principal Mutual Life Insurance Company State of Iowa
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
Invista Capital Management, Inc. 0
Principal Mutual Life Insurance Company 0
6 SHARED VOTING POWER
Invista Capital Management, Inc. 4,205,090
Principal Mutual Life Insurance Company 4,384,690
7 SOLE DISPOSITIVE POWER
Invista Capital Management, Inc. 0
Principal Mutual Life Insurance Company 0
8 SHARED DISPOSITIVE POWER
Invista Capital Management, Inc. 4,211,690
Principal Mutual Life Insurance Company 4,390,690
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Invista Capital Management, Inc. 4,211,690
Principal Mutual Life Insurance Company 4,390,690
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
<PAGE>
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Invista Capital Management, Inc. 5.7%
Principal Mutual Life Insurance Company 6.0%
12 TYPE OF REPORTING PERSON*
Invista Capital Management, Inc. IA
Principal Mutual Life Insurance Company HC
<PAGE>
Schedule 13G
ITEM 1(a) Name of Issuer: American Greetings
ITEM 1(b)Address of Issuer's Principal Executive Offices:
One American Road
Cleveland, OH 44144-2398
ITEM 2(a) Name of Persons Filing: Invista Capital Management, Inc.
Principal Mutual Life Insurance Co.
ITEM 2(b) Address of Principal Business Office:
Invista Capital Management, Inc. Principal Mutual Life Ins. Co.
699 Walnut 711 High Street
1800 Hub Tower Des Moines, IA 50392-0088
Des Moines, IA 50309
ITEM 2(c) Citizenship:
Invista Capital Management, Inc. - State of Iowa
Principal Mutual Life Insurance Co. - State of Iowa
ITEM 2(d) Title of Class of Securities: Common Stock
ITEM 2(e)CUSIP Number: 026375105
ITEM 3: This statement is filed pursuant to Rule 13d-1(b) by a person who is an
investment advisor registered under Section 203 of the Investment Advisers Act
of 1940, and a person who is a parent holding company in accordance with Section
240.13d-1(b)(1)(ii)(G).
ITEM 4: Ownership:
(a) Amount Beneficially Owned:
4,211,690 Shares Common Stock presently held by Invista Cap. Mgmt
4,390,690 Shares Common Stock presently held by Principal Mutual
(b)Percent of Class:
5.72% Invista Capital Management, Inc.
5.96% Principal Mutual Life Insurance Co.
(c)Number of shares as to which such person has:
(i)Sole power to vote or to direct the vote:
0 Invista Capital Management, Inc.
0 Principal Mutual Life Insurance Co.
<PAGE>
(ii)Shared power to vote or to direct the vote:
4,205,090 Shares Common Stock presently held by Invista Capital Management, Inc.
4,384,090 Shares Common Stock presently held by Principal Mutual Life Ins. Co.
(iii) Sole power to dispose or to direct the disposition of:
0 Invista Capital Management, Inc.
0 Principal Mutual Life Ins. Co.
(iv) Shared power to dispose or to direct the disposition of:
4,211,690 Shares Common Stock presently held by Invista Capital Management, Inc.
4,390,690 Shares Common Stock presently held by Principal Mutual Life Ins. Co.
ITEM 5: Ownership of 5% or Less of Class: Not Applicable
ITEM 6: Ownership of More than 5% on Behalf of Another Person: Persons other
than the reporting persons have a right to receive or the power to direct the
receipt of dividends from or the proceeds from the sale of such securities. The
interest of no such person having such an interest relates to more than five
percent of the class.
ITEM 7: Identification and Classification of the Subsidiary which Acquired the
Security being Reported on by the Parent Holding Company: Previously filed.
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 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 purposes 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.
INVISTA CAPITAL MANAGEMENT, INC.
By /s/ Lisa M. Smith
Lisa M. Smith, Financial & Compliance Officer
PRINCIPAL MUTUAL LIFE INSURANCE COMPANY
By: INVISTA CAPITAL MANAGEMENT, INC.
By /s/ Lisa M. Smith
Lisa M. Smith, Financial & Compliance Officer Dated this 13th day of February,
1998.
<PAGE>
