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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
Lone Star Industries, Inc.
_______________________________________________________
(Name of Issuer)
Common Stock
_______________________________________________________
(Title of Class of Securities)
54229040
_______________________________________________________
(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).
*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 6 Pages
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CUSIP No. 54229040 13G Page 2 of 6 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Metropolitan Life Insurance Company
(I.R.S. No. 13-5581829)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / / (a) Not applicable.
(b) / / (b) Not applicable.
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
5 SOLE VOTING POWER
2,725,380 (including 891,609 shares issuable upon
exercise of 891,609 warrants)
6 SHARED VOTING POWER
None
7 SOLE DISPOSITIVE POWER
See response to item 5.
8 SHARED DISPOSITIVE POWER
None
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
See response to Item 7 above.
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES
Not applicable.
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
21.89%
12 TYPE OF REPORTING PERSON
IC HC
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Page 3 of 6 Pages
Item 1(a) Name of Issuer: Lone Star Industries, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
300 First Stamford Place, Stamford, CT 06912
Item 2(a) Name of Person Filing:
Metropolitan Life Insurance Company ("Metropolitan")
By Jane C. Weinberg, Associate General Counsel.
Item 2(b) Address of Principal Business Office:
One Madison Avenue, New York, New York 10010.
Item 2(c) Citizenship: a New York corporation.
0
Item 2(d) Title of Class of Securities: Common Stock
Item 2(e) CUSIP No. 54229040
Item 3. If this statement is filed pursuant to Rule
13d-1(b), or 13d-1(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) [X] 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) [ ] Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund.
(g) [X] Parent Holding Company, in accordance with
Section 240.13d-1(b)(ii)(G).
(h) [ ] Group, in accordance with Section
240.13d-1(b)(ii)(H).
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Page 4 of 6 Pages
Item 4. Ownership. If the percent of the class owned, as
of December 31 of the year covered by the statement, or as
of the last day of any month described in Rule 13d-1 (b)(2),
if applicable, exceed five percent, provide the following
information as of that date and identify those shares which
there is a right to acquire.
(a) Amount Beneficially Owned: 2,725,380 (including
891,609 shares issuable upon exercise of 891,609
warrants)
(b) Percent of Class: 21.89%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: same
as (a)
(ii) shared power to vote or to direct vote: None.
(iii) sole power to dispose or direct the
disposition of: See response to item 4(a) hereof.
(iv) shared power to dispose or to direct the
disposition of: None.
Item 5. Ownership of 5 Percent or Less of a Class. If
this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [ ].
Item 6. Ownership of more than 5 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: Metropolitan Insurance and
Annuity Company, an insurance company as defined in
Section 3(a)(19) of the Act, is the beneficial owner of
367,005 shares of the shares of the securities reported upon
in item 4(a) hereof.
Item 8. Identification and Classification of Members of
the Group. Not Applicable.
Item 9. Notice of Dissolution of Group. Not Applicable.
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Page 5 of 6 Pages
Item 10. Certification. By signing below, I certify that,
to the best of my 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 my
knowledge and belief, I certify that the information set
forth in this statement is true, complete and correct.
Dated: February 9, 1995
METROPOLITAN LIFE INSURANCE COMPANY
By /s/ Jane C. Weinberg
_________________________________
Jane C. Weinberg
Associate General Counsel
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CERTIFIED RESOLUTION
I, Ruth R. Gluck, Assistant Secretary of Metropolitan Life
Insurance Company, a New York corporation, do hereby certify
that the following is a full, true and correct copy of
Section 4.1 of the By-Laws of the Metropolitan Life
Insurance Company:
"Any officer, or any employee designated for the
purpose by the chief executive officer, shall have
power to execute all instruments in writing
necessary or desirable for the Company to execute
in the transaction and management of its business
and affairs (including, without limitation,
contracts and agreements, transfers of bonds,
stocks, notes and other securities, proxies,
powers of attorney, deeds, leases, releases,
satisfactions and instruments entitled to be
recorded in any jurisdiction, but excluding, to
the extent otherwise provided for in these Bylaws,
authorizations for the disposition of the funds of
the Company deposited in its name and policies,
contracts, agreements, amendment and endorsements
of, for or in connection with insurance or
annuities) and to affix the corporate seal."
I further certify that the following is an officer of
Metropolitan Life Insurance Company and that the signature
is the signature of such officer:
Name Title Signature
Associate
Jane C. Weinberg General Counsel /s/ Jane C. Weinberg
In witness whereof I have hereunto set
my hand and have caused to be affixed
the corporate seal of Metropolitan Life
Insurance Company this 9th day of
February, 1995.
/s/ Ruth R. Gluck
