AT&T CORP
SC 13G, 1997-02-13
TELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE)
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                   -----------

                                  SCHEDULE 13G

             Information statement pursuant to Rule 13d-1 and 13d-2

                                (Amendment No. )*


      -------------------------------------------------------------------
                          Ampco-Pittsburgh Corporation
      -------------------------------------------------------------------
                                (Name of issuer)


                              Class A Common Stock
      -------------------------------------------------------------------
                         (Title of class of securities)


                                   032 037 103
      -------------------------------------------------------------------
                                 (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.)


                        (Continued on following page(s))

                               (Page 1 of 5 Pages)

- --------------
*    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).


<PAGE>
- -----------------------------      -----------------------------
                              13G
  CUSIP No.  032 037 103                Page 2 of 5 Pages

- -----------------------------      -----------------------------


- ----------------------------------------------------------------
    1  NAME OF REPORTING PERSONS
       Long Term Investment Trust (F.K.A. AT&T Master Pension Trust)*

- ----------------------------------------------------------------
    2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/___/
                                                         (b)/___/

- ----------------------------------------------------------------
    3  SEC USE ONLY

- ----------------------------------------------------------------
    4  CITIZENSHIP OR PLACE OF ORGANIZATION
       New York

- ----------------------------------------------------------------
                              SOLE VOTING POWER
    NUMBER              5     667,400
    OF                  ----------------------------------------
    SHARES                    SHARED VOTING POWER
    BENEFICIALLY        6     0
    OWNED               ----------------------------------------
                              SOLE DISPOSITIVE POWER
    BY                  7     667,400
    EACH                ----------------------------------------
    REPORTING                 SHARED DISPOSITIVE POWER
    PERSON              8     0
    WITH
- ----------------------------------------------------------------
   9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
        PERSON    667,400

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

- ----------------------------------------------------------------
  11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
        6.97%

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

- ----------------------------------------------------------------

               *SEE INSTRUCTIONS BEFORE FILLING OUT!

*  Held by Northern Trust as trustee of the Long Term Investment Trust

<PAGE>

CUSIP No. 032 037 103                                   Page 3 of 5

                                  SCHEDULE 13G

Item 1(a).      Name of Issuer:
                Ampco-Pittsburgh Corporation
Item 1(b).      Address of Issuer's Principal Executive Offices:
                600 Grant Street, Suite 4600
                Attn:  Rose Hoovek
                Pittsburgh, PA  15219

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:
                Class A Common Stock

Item 2(e).      CUSIP Number:
                032 037 103

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. 032 037 103                                   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:

<PAGE>

CUSIP No. 032 037 103                                  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
                          --------------------------------
                               Name:  Peter Rosoff
                               Title: Vice President


Dated:  February 13, 1997



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