UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.)*
AMERICAN HERITAGE LIFE INVS CORPORATION
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
026522102
(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 persons initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosure provided
in a prior cover page.
The information required in the remainder of this cover page
shall 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).
SCHEDULE 13G
CUSIP No. 026522102 1 to 5 pages
1.NAME OF REPORTING PERSONS
SOUNDSHORE HOLDINGS LTD
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSONS
98-0191909
2.CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*(a)
N/A (b)
3.SEC USE ONLY
4.CITIZEN OR PLACE OF ORGANIZATION
CORPORATION ORGANIZED AND EXISTING UNDER THE COMPANIES
ACT OF 1981 OF BERMUDA
NUMBER OF SHARES
5. SOLE VOTING POWER
551,475 preferred 8.5000% 8/15/00 series convertible
to 1,458,099.90 common shares
BENEFICIALLY OWNED BY EACH
6. SHARED VOTING POWER
N/A
REPORTING PERSON WITH
7. SOLE DISPOSITION POWER
551,475 preferred 8.5000% 8/15/00 series convertible
to 1,458,099.90 common shares
8. SHARED DISPOSITION POWER
N/A
9.AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
NONE
10.CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
N/A
11.PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.23%
12.TYPE OF REPORTING PERSON*
CO
* SEE INSTRUCTIONS BEFORE FILLING OUT
SCHEDULE 13G
Item 1: Security and Issuer
1(a) Name of Issuer
American Heritage Life Investment Corporation
1(b) Address of Issuers Principal Executive Offices
1776 American Heritage Life Drive
Jacksonville, Florida 32224
Item 2: Identity and Background
2(a) Name of person Filing
SoundShore Holdings Ltd.
2(b)Address of Principal Business Office or, if none, Residence
29 Richmond Road, Pembroke HM08 Bermuda
2(c) Citizenship Corporation organized in Delaware (US)
A corporation organized and existing under the Companies Act
of 1981 of Bermuda.
2(d) Title of Class of Security
American Heritage Life Investment Corporation
2(e) Cusip Number
026522102
Item 3: If this statement is filed pursuant to Rule 13d-1(b),
or 13d-2(b), the person filing is a:
SoundShore Holdings Ltd, is filing Form 13G as a Passive
Investor. SoundShore Holdings Ltd. does not seek to acquire or
influence control of the issuer and owns less than 10% of the
class of securities.
Item 4: Ownership
If the percent of the class owned, as of December 31 of the year
covered by the statement or as the last day of any month
described in Rule 13d-1(B)(2), if applicable, exceeds five
percent, provide the following information as of that date and
identify those shares which there is a right to acquire.
4(a) Amount Beneficially Owned
551,475 preferred 8.5000% 8/15/00 series convertible to
1,458,099.90 common shares
4(b) Percent of Class
5.23%
4(c)(i) Sole power to vote or to direct the vote
551,475 preferred 8.5000% 8/15/00 series convertible to
1,458,099.90 common shares
4(c)(ii) Shared power to vote or to direct the vote
NONE
4(c)(iii) Sole power to dispose or to direct the disposition of
551,475 preferred 8.5000% 8/15/00 series convertible to
1,458,099.90 common shares
4(c)(iv) Shared power to dispose or to direct the disposition of
NONE
Instruction: For computation regarding securities which represent
a right to acquire an underlying security see Rule 13d-3(d)(1).
Item 5: Ownership of Five 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 five percent of the class of
securities, check the following
Instruction: Dissolution of a group requires a response to this item.
Item 6:Ownership of More than Five percent on Behalf of Another Person.
If any other person is known to have the right to receive or the
power to direct the receipt of dividends from, or the proceeds
from the sale of, such securities, a statement to that effect
should be included in response to this item and, if such interest
related to more than five percent of the class, such person
should be identified. A listing of the shareholders of an
investment company registered under the Investment Company Act of
1940 or the beneficiaries of employee benefit plan, pension fund
or endowment fund is not required.
Not Applicable
Item 7: Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the
Parent Holding Company.
If a parent holding company has filed this schedule, pursuant to
Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an
exhibit stating the identity and the Item 3 classification of the
relevant subsidiary. If a parent holding company has filed this
schedule pursuant to Rule 13d-1(c), attach an exhibit stating the
identity of each member of the group.
Not Applicable
Item 8: Identification and Classification of Members of the
Group.
If a group his filed this schedule pursuant to Rule 13d-
1(b)(ii)(H), so indicate under item 3(h) and attach an exhibit
stating the identity had Item 3 classification of each member of
the group. If a group has filed this schedule pursuant to Rule
13d-1(c), attach an exhibit stating the identity of each member
of the group.
Not Applicable
Item 9: Notice of Dissolution of Group
Notice of dissolution of a group may be furnished as an exhibit
stating the date of the dissolution and that all further filings
with respect to transactions in the security reported on will be
filed, if required, by members of he group, in their individual
capacity. See item 5.
Not Applicable
Item 10: Certification
The following certification shall be included if the statement is
filed pursuant to Rule 13D-1(b):
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 10/27/99 /s/ Anthony Giordano
Signature
Anthony Giordano
Director
Name/Title
The original statement shall be signed by each person on whose
behalf the statement is filed or his authorized representative.
If the statement is signed on behalf of a person by his
authorized representative other than an executive officer or
general partner of the filing person, evidence of the
representatives authority to sign on behalf of such person shall
be filed with the statement, provided, however, that a power os
attorney for this purpose which is already on file with the
Commission may be incorporated by reference. The name and any
title of each person who signs the statement shall be typed or
printed beneath his signature.
