SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: GRACE W R & CO CONN /CT
CENTRAL INDEX KEY: 0000874215
STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000]
IRS NUMBER: 135114230
STATE OF INCORPORATION: CT
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G/A
SEC ACT:
SEC FILE NUMBER: 005-51395
FILM NUMBER: 98550203
BUSINESS ADDRESS:
STREET 1: ONE TOWN CENTER RD
CITY: BOCA RATON
STATE: FL
ZIP: 33486-1010
BUSINESS PHONE: 4073622000
MAIL ADDRESS:
STREET 1: ONE TOWN CENTER ROAD
CITY: BOCA RATON
STATE: FL
ZIP: 33486-1010
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: LINCOLN CAPITAL MANAGEMENT CO
CENTRAL INDEX KEY: 0000059519
STANDARD INDUSTRIAL CLASSIFICATION: []
IRS NUMBER: 036267440
FISCAL YEAR END: 0131
FILING VALUES:
FORM TYPE: SC 13G/A
BUSINESS ADDRESS:
STREET 1: 200 S WACKER DRIVE SUITE 2100
CITY: CHICAGO
STATE: IL
ZIP: 60604
BUSINESS PHONE: 3125592880
MAIL ADDRESS:
STREET 1: 200 S WACKER DRIVE SUITE 2100
CITY: CHICAGO
STATE: IL
ZIP: 60606
<PAGE> 1
OMB APPROVAL
---------------------
OMB Number: 3235-0145
Expires: December 31,
UNITED STATES 1998
SECURITIES AND EXCHANGE COMMISSION Estimated average
WASHINGTON, D.C. 20549 burden
hours per response
.... 14.90
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3 )*
-------
W. R. GRACE & CO.
- - -----------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
- - -----------------------------------------------------------------------------
(Title of Class of Securities)
38388F10
---------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [X]. (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).
Page 1 of 2
<PAGE> 2
CUSIP NO. 38388F10 13G Page 2 OF 2 Pages
--- ---
- - ------------------------------------------------------------------------------
- -
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
LINCOLN CAPITAL MANAGEMENT COMPANY
EMPLOYER I.D.# 36-267-4407
- - ------------------------------------------------------------------------------
- -
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- - ------------------------------------------------------------------------------
- -
3 SEC USE ONLY
- - ------------------------------------------------------------------------------
- -
4 CITIZENSHIP OR PLACE OF ORGANIZATION
200 S. WACKER DRIVE, SUITE 2100
CHICAGO, IL 60606
- - ------------------------------------------------------------------------------
- -
5 SOLE VOTING POWER
2,862,700
NUMBER OF ---------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH ---------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 6,363,000
---------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- - ------------------------------------------------------------------------------
- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,363,000
- - ------------------------------------------------------------------------------
- -
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- - ------------------------------------------------------------------------------
- -
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.7%
- - ------------------------------------------------------------------------------
- -
12 TYPE OF REPORTING PERSON*
IA
- - ------------------------------------------------------------------------------
- -
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 3
SCHEDULE 13G
------------
STATEMENT
---------
Item 1. (a) Name of Issuer:
W. R. GRACE & CO.
(b) Address of Issuer's Principal Executive Offices:
ONE TOWNE CENTER ROAD
BOCA RATON, FL 33486-1010
Item 2. (a) Name of Person Filing:
LINCOLN CAPITAL MANAGEMENT COMPANY
(b) Address of Principal Business Office:
200 SOUTH WACKER DRIVE
SUITE 2100
CHICAGO, IL 60606
(c) Citizenship:
NOT APPLICABLE
(d) Title of Class of Securities:
COMMON STOCK
(e) CUSIP Number:
38388F10
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is an:
(E) INVESTMENT ADVISER REGISTERED UNDER SECTION 203
OF THE INVESTMENT ADVISERS ACT OF 1940.
Item 4. Ownership:
(a) Amount of Beneficially Owned: 6,363,000
(b) Percent of Class: 8.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 2,862,700
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition of:
6,363,000
(iv) shared power to dispose or to direct the disposition of: 0
PAGE 1 OF 2
<PAGE> 4
Item 5. Ownership of Five Percent or Less of a Class.
NOT APPLICABLE.
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
NOT APPLICABLE.
LINCOLN CAPITAL MANAGEMENT, A CORPORATION, DECLAIMS BEING THE
"BENEFICIAL OWNER" OF THIS STOCK IN TERMS USUALLY USED TO
DESCRIBE "BENEFICIAL," SUCH AS "RECEIVING FOR ONE'S OWN
BENEFIT." LINCOLN CAPITAL IS MERELY AN AGENT FOR ITS
CLIENTS.
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.
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 IN THE ORDINARY
COURSE OF BUSINESS AND WERE NOT ACQUIRED FOR THE PURPOSE OF AND DO NOT
HAVE 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.
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.
Signature:
------------------------------------
Date: 2/10/99
------------------------------------
Name/Title: J. PARKER HALL III, CEO
------------------------------------
PAGE 2 OF 2
