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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Ames Department Stores Incorporated
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
030789507
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(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 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 4 pages
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CUSIP No. 030789507 13G Page 2 of 4 Pages
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
NICHOLAS-APPLEGATE CAPITAL MGMT.
33-0124536
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
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(3) SEC Use Only
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(4) Citizenship or Place of Organization
CALIFORNIA
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Number of Shares (5) Sole Voting Power
Beneficially 1,158,000
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting Power
Person With 0
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(7) Sole Dispositive Power
1,285,900
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(8) Shared Dispositive Power
0
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,285,900
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(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain
Shares* / /
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(11) Percent of Class Represented by Amount in Row (9)
5.75%
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(12) Type of Reporting Person*
IA
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*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 4 pages
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- 3 -
Item 1(a) Name of Issuer:
Ames Department Stores Incorporated
Item 2(b) Address of Issuer's Principal Executive Office:
2418 Main Street, Rocky Hill, CT 06067
Item 2(a) Name of Person Filing:
Nicholas-Applegate Capital Management
Item 2(b) Address of Principal Office:
600 West Broadway, 29th Floor, San Diego, CA 92101
Item 2(c) Citizenship:
Nicholas-Applegate Capital Management is a California limited
partnership.
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
030789507
Item 3. If this statement is filed pursuant to Rule 13d-1(b) or
13d-2(b), check whether the person filing is a:
. . . .
(e) [X] . . . Investment Adviser registered under Section 203
of the Investment Advisers Act of 1940.
Item 4. Ownership:
(a) Amount Beneficially Owned: 1,285,900
(b) Percent of Class: 5.75%
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote: 1,158,000
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(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition
of: 1,285,900
(iv) shared power to dispose or to direct the disposition
of: 0
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:
(Not Applicable)
Item 8. Identification and Classification of Members of the Group:
(Not Applicable)
Item 9. Note of Dissolution of the Group:
(Not Applicable)
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 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.
Dated: February 3, 1998 /s/ Todd L. Spillane
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Todd L. Spillane
Director of Compliance
