MARCUS CORP
SC 13G/A, 1999-02-11
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                               (Amendment No. 20)*


                             THE MARCUS CORPORATION
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                          Common Stock, $1.00 par value
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   566330 10 6
               --------------------------------------------------
                                 (CUSIP Number)

                                December 31, 1998
               --------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)


Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

      [ ]     Rule 13d-1(b)

      [ ]     Rule 13d-1(c)

      [X]     Rule 13d-1(d)

*     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 disclosures provided in a prior cover page.

The information required on 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).

                        (Continued on following page(s))
                                Page 1 of 4 Pages


<PAGE>


- ---------------------------
   CUSIP No. 566330 10 6
- ---------------------------


================================================================================
   1    NAME OF REPORTING PERSON
        S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
        Stephen H. Marcus (###-##-####)
================================================================================
  2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 
       (SEE INSTRUCTIONS)                                              (a)   [ ]
                                                                       (b)   [ ]
       Not Applicable                                                           
       
================================================================================
  3    SEC USE ONLY
================================================================================
  4    CITIZENSHIP OR PLACE OF ORGANIZATION    
                                               
       United States                           
       
================================================================================
                     5   SOLE VOTING POWER    
    NUMBER OF            2,760,848.25         
                         
      SHARES       =============================================================
                     6                                                          
   BENEFICIALLY          SHARED VOTING POWER                                    
                         1,782,638                                              
     OWNED BY      =============================================================
                     7                                                          
       EACH              SOLE DISPOSITIVE POWER                                 
                         2,760,848.25                                           
    REPORTING      =============================================================
                     8                                                          
      PERSON             SHARED DISPOSITIVE POWER                               
                         1,782,638                                              
       WITH        
================================================================================
  9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 
        4,543,486.25                                                 
        
================================================================================
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES 
         CERTAIN SHARES (SEE INSTRUCTIONS)                                   [ ]
        N/A                                                                     
        
================================================================================
11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 
        15.18%                                          
        
================================================================================
12
        TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
        IN
================================================================================

                               Page 2 of 4 Pages

<PAGE>



- ---------------------------
  CUSIP No. 566330 10 6
- ---------------------------

         This  Amendment  No.  20 to  Schedule  13G with  regard  to The  Marcus
Corporation  is being filed on behalf of the  undersigned to amend Item 4 of the
originally  filed Schedule 13G.  Except as expressly  stated herein,  there have
been no material changes in the information set forth in the Schedule 13G.

       Item 4.       Ownership (as of December 31, 1998):

                     (a) Amount Beneficially Owned: 4,543,486.25

                     (b) Percent of Class: 15.18%
              
                     (c) Number of shares as to which such person has:

                            (i)    sole  power to vote or to  direct  the  vote:
                                   2,760,848.25 Shares

                            (ii)   shared  power to vote or to direct  the vote:
                                   1,782,638 Shares

                            (iii)  sole  power  to  dispose  or  to  direct  the
                                   disposition of: 2,760,848.25 Shares

                            (iv)   shared  power to  dispose  or to  direct  the
                                   disposition of: 1,782,638 Shares

         Other than with respect to (i) 1,782,638  shares of Common Stock (which
Mr. Marcus shares voting and dispositive power) and (ii) 2,760,848.25  shares of
Common Stock (which Mr. Marcus has sole voting and dispositive power) all of the
reported  beneficial  ownership  of Common  Stock  results  from the  beneficial
ownership of shares of Class B Common Stock,  which are  convertible at any time
into  Common  Stock on a  share-for-share  basis.  The  percent of class  figure
assumes conversion of all outstanding shares of Class B Common Stock into shares
of Common  Stock.  Since each share of Class B Common  stock is  entitled  to 10
votes as  opposed  to 1 vote for each  share of Common  Stock,  it is  extremely
unlikely that Mr. Marcus would alone convert a significant  portion of his Class
B Common Stock into Common Stock. Mr. Marcus' beneficial ownership consists of:

       (i)    76,495 shares of Common Stock held individually by Mr. Marcus;

       (ii)   2,795.2481  shares of Common Stock held individually by Mr. Marcus
              by The Marcus Corporation 401(k) Plan.

       (iii)  206,712  shares of Common Stock held by trusts  whereby Mr. Marcus
              serves as trustee;

       (iv)   2,681,558 shares of Class B Common Stock held  individually by Mr.
              Marcus;

       (v)    208,315  shares of Class B Common  Stock  held as tenant in common
              with Mr. Marcus' wife;

       (vi)   74,660  shares of Class B Common  Stock held  individually  by Mr.
              Marcus' wife;

       (vii)  643,479 shares of Class B Common Stock held by Mr. Marcus' wife as
              Trustee for the benefit of their children;

       (viii) 421,853  shares  of Class B Common  Stock  held by Mr.  Marcus  as
              Trustee; and

       (ix)   227,619  shares of class B Common Stock held by Mr. Marcus and his
              wife as Co-Trustees.


         Mr. Marcus' wife (for shares held  individually),  the trusts,  and the
corporation  have the right to receive  dividends  and proceeds from the sale of
securities held thereby.

                               Page 3 of 4 Pages


<PAGE>



- --------------------------
  CUSIP No. 566330 10 6
- --------------------------



                                    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.


February 10, 1999
Date


/s/ Stephen H. Marcus
By Stephen H. Marcus


                               Page 4 of 4 Pages


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