SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.9)*
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 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):
34.88%
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: 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):
34.88%
12. Type of reporting person: IC
<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: 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): 34.88%
12. Type of reporting person: IA
<PAGE>
Item 1 (a) Name of
Issuer: Southwest Water Company
Item 1 (b) Address of issuer's principal executive office:
225 North Barranca Avenue, Suite 200
West Covina, CA 91791-1605
Item 2 (a) Name of person filing:
Lincoln National Corporation
The Lincoln National Life Insurance Company
Lincoln Investment Management, Inc.
Item 2 (b) Address of principal business office:
Lincoln National Corporation
200 East Berry Street
Fort Wayne, IN 46802-2706
The Lincoln National Life Insurance Company
1300 South Clinton Street
Fort Wayne, IN 46802-3506
Lincoln Investment Management, Inc.
200 East Berry Street
Fort Wayne, IN 46802
Item 2 c) Citizenship:
1. Lincoln National Corporation is an Indiana corporation
2. The Lincoln National Life Insurance Company is an Indiana
corporation
3. 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) [2] Insurance company
(d) [ ] Investment company
(e) [3] Investment adviser
(f) [ ] Employee Benefit Plan,
or Endowment Fund
(g) [1] Parent Holding Company
(h) [ ] Group
1. Lincoln National Corporation
2. The Lincoln National Life Insurance Company
3. Lincoln Investment Management, Inc.
Item 4 Ownership:
(a) Amount beneficially owned: See No.9 on cover pages.
(b) Percent of class: See No.11 on cover pages.
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 (the Parent), owns 100% of the shares
of capital stock of Lincoln Investment Management, Inc., an
Illinois corporation (LIM), and The Lincoln National Life
Insurance Company, an Indiana corporation (LNL).LIM cts 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 certifies that, to the best
of his 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 his knowledge
and belief, the undersigned certifies that the information
set forth in this statement is true, complete and correct.
Dated:February 6, 1997
LINCOLN NATIONAL CORPORATION
By:/s/H. THOMAS MCMEEKIN
Name: H. Thomas McMeekin
itle: Executive Vice President
LINCOLN INVESTMENT MANAGEMENT, INC.
By: /S/ANN L. WARNER
Name: Ann L. Warner
itle: Senior Vice President
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
By: /S/STEVEN R. BRODY
Name: Steven R. Brody
Title: Vice President
