LANCASTER COLONY CORP
SC 13G/A, 1996-02-15
FABRICATED RUBBER PRODUCTS, NEC
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<PAGE>   1
                                UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C. 20549


                                SCHEDULE 13G


                  UNDER THE SECURITIES EXCHANGE ACT OF 1934

                              (AMENDMENT NO. 1)*

                         Lancaster Colony Corporation
- -------------------------------------------------------------------------------
                              (Name of Issuer)

                          Common Stock, no par value
- -------------------------------------------------------------------------------
                       (Title of Class of Securities)

                                 513847 10 3
                            --------------------
                               (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).



SEC 1745 (2-95)                Page 1 of 5 pages


<PAGE>   2

CUSIP NO. 513847 10 3                 13G             PAGE 2 OF 5 PAGES

- -------------------------------------------------------------------------------
1  NAME OF REPORTING PERSON
   S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         Old MCM, Inc.
         
- -------------------------------------------------------------------------------
2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                           (a) / /
                                                           (b) / /
- -------------------------------------------------------------------------------
3  SEC USE ONLY


- -------------------------------------------------------------------------------
4  CITIZENSHIP OR PLACE OF ORGANIZATION

         State of Delaware
- -------------------------------------------------------------------------------
                5  SOLE VOTING POWER

          
  NUMBER OF     ---------------------------------------------------------------
   SHARES       6  SHARED VOTING POWER
BENEFICIALLY
  OWNED BY
    EACH        ---------------------------------------------------------------
  REPORTING     7  SOLE DISPOSITIVE POWER
   PERSON       
    WITH
                ---------------------------------------------------------------
                8  SHARED DISPOSITIVE POWER
         

- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON


- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*


- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9


- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*

      IA
- -------------------------------------------------------------------------------
                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>   3
CUSIP NO. 513847 10 3                     13G                 Page 3 of 5 pages


ITEM 1.

         (a)     Name of Issuer:

                 Lancaster Colony Corporation (the "Company")

         (b)     Address of Issuer's Principal Executive Offices:

                 37 West Broad Street
                 Columbus, Ohio  43215

ITEM 2.

         (a)     Name of Person Filing:

                 Old MCM, Inc. ("MCM")

         (b)     Address of Principal Business Office, if none, Residence:

                 Munder Capital Center
                 480 Pierce Street, Suite 300
                 P.O. Box 3043
                 Birmingham, MI  48012-3043

         (c)     Citizenship:

                 MCM is a corporation incorporated under the laws of the State
                 of Delaware

         (d)     Title of Class of Securities:

                 Common Stock, no par value ("Common Stock")

         (e)     CUSIP Number:

                 513847 10 3


ITEM 3.          IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 
                 13D-2(B), CHECK WHETHER THE PERSON FILING IS A:

/X/      (e)     Investment Adviser registered under Section 203 of the
                 Investment Advisers Act of 1940
<PAGE>   4

CUSIP NO. 513847 10 3                     13G                 Page 4 of 5 pages

ITEM 4.  OWNERSHIP

         Not Applicable


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:                                         /X/


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 BEING REPORTED ON BY THE PARENT HOLDING COMPANY

         Not Applicable


ITEM 8.  IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

         Not Applicable


ITEM 9.  NOTICE OF DISSOLUTION OF GROUP

         Not Applicable
<PAGE>   5

CUSIP NO. 513847 10 3                     13G                 Page 5 of 5 pages

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 such 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.

                                        OLD MCM, INC.


                                        By:    /s/Terry Gardner               
                                               -------------------------

Dated:     2/13/96                      Its:    Vice President and CFO
      --------------------


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