SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 8) *
SOUTHWEST WATER COMPANY
(Name of Issuer)
Series A, 5-1/4% Preferred Shares
Cumulative, $.01 Par Value
(Title of Class of Securities)
845331206
(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.)
* 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>
CUSIP NO.: 845331206
1. Name of reporting person S.S. or I.R.S. Identification No. of
reporting person:
Lincoln National Corporation; 35-1140070
2. Check the appropriate box if a member of a group
(a) [ ]
(b) [X]
3. SEC use only . . . . . . . . . . . . . . . . . . . . .
4. Citizenship or place of organization: Indiana
Number of shares beneficially owned by reporting person with:
5. Sole voting power: Not applicable
6. Shared voting power: 3,607
7. Sole dispositive power: Not applicable
8. Shared dispositive power: 3,607
9. Aggregate amount beneficially owned by reporting
person: 3,607
10. Check if the aggregate amount in row (9) excludes certain
shares: Not applicable
11. Percent of class represented by amount in row (9): 34.7%
12. Type of reporting person: HC
<PAGE>
CUSIP NO.: 845331206
1. Name of reporting person S.S. or I.R.S. Identification No. of reporting
person:
Lincoln Investment Management, Inc.; 35-1753930
2. Check the appropriate box if a member of a group
(a) [ ]
(b) [ X]
3. SEC use only . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4. Citizenship or place of organization: Illinois
Number of shares beneficially owned by reporting person with:
5. Sole voting power: Not applicable
6. Shared voting power: 3,607
7. Sole dispositive power: Not applicable
8. Shared dispositive power: 3,607
9. Aggregate amount beneficially owned by reporting person: 3,607
10. Check if the aggregate amount in row (8) excludes certain shares:
Not applicable
11. Percent of class represented by amount in row (9): 34.7%
12. Type of reporting person: IA
<PAGE>
CUSIP NO.: 845331206
1. Name of reporting person S.S. or I.R.S. Identification No. of reporting
person:
The Lincoln National Life Insurance Company; 35-0472300
2. Check the appropriate box if a member of a group
(a) [ ]
(b) [X]
3. SEC use only . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4. Citizenship or place of organization: Indiana
Number of shares beneficially owned by reporting person with:
5. Sole voting power: Not applicable
6. Shared voting power: 3,607
7. Sole dispositive power: Not applicable
8. Shared dispositive power: 3,607
9. Aggregate amount beneficially owned by reporting person: 3,607
10. Check if the aggregate amount in row (9) excludes certain shares:
Not applicable
11. Percent of class represented by amount in row (9): 34.7%
12. Type of reporting person: IC
<PAGE>
Item 1 (a) Name of Issuer: Southwest Water Company (the "Issuer")
Item 1 (b) Address of Issuer's principal executive office:
225 North Barranca Ave., Suite 200
West Covina, CA 91791-1605
Item 2 (a) Name of person filing:
Lincoln National Corporation, Lincoln Investment Management,
Inc. and The Lincoln National Life Insurance Company
Item 2 (b) Address of principal business office:
Lincoln National Corporation
Lincoln Investment Management, Inc.
200 East Berry Street
Fort Wayne, IN 46802
The Lincoln National Life Insurance Company
1300 South Clinton Street
Fort Wayne, IN 46802
Item 2 (c) Citizenship: Lincoln National Corporation and The Lincoln
National Life Insurance Company are Indiana corporations;
Lincoln Investment Management, Inc. is an Illinois
corporation
Item 2 (d) Title of class of securities: Series A, 5-1/4% Preferred
Shares, Cumulative, $.01 par value
Item 2 (e) CUSIP No.: 845331206
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
(b) [ ] Bank
(c) [1] Insurance company
(d) [ ] Investment company
(e) [2] Investment adviser
(f) [ ] Employee Benefit Plan,
or Endowment Fund
(g) [3] Parent Holding Company
(h) [ ] Group
1. The Lincoln National Life Insurance Company
2. Lincoln Investment Management, Inc.
3. Lincoln National Corporation
Item 4 Ownership:
(a) Amount beneficially owned: See No. 9 on cover pages
(b) Percent of class: See No. 11 on cover pages
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
(ii) shared power to vote or to direct the vote
(iii) sole power to dispose or to direct the disposition of
(iv) shared power to dispose or to direct the disposition of
See Nos. 5, 6, 7 and 8 on cover pages
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
Item 7 Identification and classification of the subsidiary which acquired
the security being reported on by the parent holding company:
The parent holding company, Lincoln National Corporation, an Indiana
corporation, owns 100% of the shares of capital stock of Lincoln
Investment Management, Inc., an Illinois corporation ("LIM"), and of The
Lincoln National Life Insurance Company ("LNL"). LIM acts as investment
adviser to LNL and other clients and is registered as an investment
adviser under Section 203 of the Investment Adviser Act of 1940. LNL is
classified as an insurance company as defined in Section 3(a)(19) of
the Securities Exchange Act of 1934.
Item 8 Identification and classification of members of the group: Not
applicable
Item 9 Notice of Dissolution of group: Not applicable
Item 10 Certification:
By signing below the undersigned certify that, to the best of
their 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 their knowledge and
belief, the undersigned certify that the information set forth
in this statement is true, complete and correct.
Dated: January 23, 1996
LINCOLN NATIONAL CORPORATION
By: __/s/H. Thomas McMeekin______
Name: H. Thomas McMeekin
Title: Executive Vice President
LINCOLN INVESTMENT MANAGEMENT, INC.
By: __/s/Ann L. Warner___________
Name: Ann L. Warner
Title: Senior Vice President
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
By: __/s/Steven R. Brody__________
Name: Steven R. Brody
Title: Vice President
