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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
Information statement pursuant to Rule 13d-1 and 13d-2
(Amendment No. 1 )*
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Video Display Corp.
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(Name of issuer)
Common Stock
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(Title of class of securities)
926 555 103
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(CUSIP number)
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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.)
(Continued on following page(s))
(Page 1 of 5 Pages)
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* 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 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).
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13G
CUSIP No. 926 555 103 Page 2 of 5 Pages
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1 NAME OF REPORTING PERSONS
Long Term Investment Trust (F.K.A. AT&T Master Pension Trust)*
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/___/
(b)/___/
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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SOLE VOTING POWER
NUMBER 5 145,200
OF ___________________________________
SHARES SHARED VOTING POWER
BENEFICIALLY 6 0
OWNED ___________________________________
SOLE DISPOSITIVE POWER
BY 7 145,200
EACH ___________________________________
REPORTING SHARED DISPOSITIVE POWER
PERSON 8 0
WITH
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 145,200
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) ___
EXCLUDES CERTAIN SHARES* /___/
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.67%
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12 TYPE OF REPORTING PERSON*
EP
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
* Held by Northern Trust as trustee of the Long Term Investment Trust
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CUSIP No. 926 555 103 Page 3 of 5
SCHEDULE 13G
Item 1(a). Name of Issuer:
Video Display Corp.
Item 1(b). Address of Issuer's Principal Executive Offices:
1868 Tucker Industrial Drive
Tucker, GA 30084
Item 2(a). Name of Person Filing:
See Item 1 of Page 2
Item 2(b). Address of Principal Business Office or,
if none, Residence:
The Northern Trust Company as Trustee
50 S. LaSalle Street,
Chicago, IL 60675
Item 2(c). Citizenship:
See Item 4 of Page 2
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
926 555 103
Item 3. If this statement is filed pursuant to
Rules 13d-1(b) or 13d-2(b), check whether
the person filing is a:
(a) [ ] Broker or dealer registered under
Section 15 of the Act,
(b) [ ] Bank as defined in Section 3(a)(6)
of the Act,
(c) [ ] Insurance Company as defined in
Section 3(a)(19) of the Act,
(d) [ ] Investment Company registered under
Section 8 of the Investment Company Act,
(e) [ ] Investment Adviser registered under
Section 203 of the Investment Advisers
Act of 1940,
(f) [XXX] Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee Retirement
Income Security Act of 1974 or Endowment Fund; see
Rule 13d-1(b)(1)(ii)(F),
(g) [ ] Parent Holding Company, in accordance
with Rule 13d-1(b)(ii)(G); see Item 7,
(h) [ ] Group, in accordance with
Rule 13d-1(b)(1)(ii)(H).
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CUSIP No. 926 555 103 Page 4 of 5
Item 4. Ownership
(a) Amount Beneficially Owned:
See Item 9 of Page 2
(b) Percent of Class:
See Item 11 of Page 2
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the
vote - See Item 5 of Page 2
(ii) Shared power to vote or to direct the
vote - See Item 6 of Page 2
(iii) Sole power to dispose or to direct the
disposition of - See Item 7 of Page 2
(iv) Shared power to dispose or to direct the
disposition of - See Item 8 of Page 2
Item 5. Ownership of Five Percent or Less of a Class
Not applicable to Reporting Person
Item 6. Ownership of More than Five Percent on Behalf of
Another Person:
Not applicable to Reporting Person
Item 7. Identification and Classification of the
Subsidiary Which Acquired the Security Being
Reported on By the Parent Holding Company:
Not applicable to Reporting Person
Item 8. Identification and Classification of Members of
the Group:
Not applicable to Reporting Person
Item 9. Notice of Dissolution of a Group:
Not applicable to Reporting Person
Item 10. Certification:
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CUSIP No. 926 555 103 Page 5 of 5
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.
LONG TERM INVESTMENT TRUST
By: AT&T Investment Management
Corporation as named fiduciary of
Trust
By: \s\ Peter Rosoff
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Name: Peter Rosoff
Title: Vice President
Dated: February 13, 1997
