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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)
McFarland Energy, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
580432102
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(CUSIP Number)
Michael S. Paquette
Vice President and Controller
Fund American Enterprises Holdings, Inc.
80 South Main Street
Hanover, New Hampshire 03755
(603) 643-1567
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
July 21, 1997
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following box .
Check the following box if a fee is being paid with this statement .
(A fee is not required only if the reporting 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.)
NOTE: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom copies
are to be sent.
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CUSIP NO. 580432102
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(1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above Person
Fund American Enterprises Holdings, Inc.
94-2708455
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(2) Check the Appropriate Box if a Member (a)
of a Group (See Instructions) ----------
(b)
----------
- --------------------------------------------------------------------------------
(3) (SEC Use Only)
- --------------------------------------------------------------------------------
(4) Source of Funds (See Instructions) N/A
- --------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Organization DELAWARE
- --------------------------------------------------------------------------------
Number of Shares (7) SOLE VOTING POWER
Beneficially Owned 0
by Each Reporting (8) SHARED VOTING POWER
Person With 0
(9) SOLE DISPOSITIVE POWER
0
(10) SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
0
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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(13) Percent of Class Represented by Amount in Row (11) 0%
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(14) Type of Reporting Person (See Instructions) HC, CO
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CUSIP NO. 580432102
- --------------------------------------------------------------------------------
(1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above Person
Fund American Enterprises, Inc.
51-0328932
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a)
of a Group (See Instructions) ----------
(b)
----------
- --------------------------------------------------------------------------------
(3) (SEC Use Only)
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(4) Source of Funds (See Instructions) N/A
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
(6) Citizenship or Place of Organization DELAWARE
- --------------------------------------------------------------------------------
Number of Shares (7) SOLE VOTING POWER
Beneficially Owned 0
by Each Reporting (8) SHARED VOTING POWER
Person With 0
(9) SOLE DISPOSITIVE POWER
0
(10) SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
0
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
- --------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11) 0%
- --------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) CO
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CUSIP NO. 580432102
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(1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above Person
White Mountains Holdings, Inc.
02-0477315
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(2) Check the Appropriate Box if a Member (a)
of a Group (See Instructions) ----------
(b)
----------
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(3) (SEC Use Only)
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(4) Source of Funds (See Instructions) N/A
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
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(6) Citizenship or Place of Organization DELAWARE
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Number of Shares (7) SOLE VOTING POWER
Beneficially Owned 0
by Each Reporting (8) SHARED VOTING POWER
Person With 0
(9) SOLE DISPOSITIVE POWER
0
(10) SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
0
- --------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
- --------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11) 0%
- --------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) HC, CO
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ONLY ITEMS REPORTED IN THIS AMENDMENT NO. 7 TO SCHEDULE 13D ARE AMENDED FROM THE
FILINGS ON SCHEDULE 13D PREVIOUSLY FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION. ALL OTHER ITEMS REMAIN UNCHANGED. UNLESS OTHERWISE SPECIFIED, ALL
DEFINED TERMS USED HEREIN HAVE THE MEANING PREVIOUSLY ASCRIBED TO THEM IN THE
SCHEDULE 13D.
Item 4. PURPOSE OF TRANSACTION.
(a) Sales by FAEH, FAE, WMH and certain of WMH's direct and indirect
wholly owned subsidiaries outlined in Schedule II, attached hereto, and
incorporated herein by reference, were made pursuant to a Schedule 14D-9 public
tender offer dated June 23, 1997 by Monterey Acquisition Corporation (the
"Offer") for 100% of the outstanding Shares of McFarland Energy, Inc. The Offer
was unanimously approved by the Board of Directors of McFarland Energy, Inc.
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) FAEH owns 0 Shares directly and 0 Shares indirectly through FAE and
0 Shares indirectly through WMH and certain of WMH's direct and indirect wholly
owned subsidiaries. The aggregate number of Shares and the corresponding
percentage of the outstanding Shares such number represents is as follows:
Percentage of
Shares Shares
Beneficially Beneficially
Person Owned Owned
------ ------------ -------------
FAEH 0 0%
FAE 0 0%
WMH * 0 0%
* WMH and certain of its direct and indirect wholly owned
subsidiaries.
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(b) Not applicable.
(c) Schedule II, attached hereto, describes all transactions by FAEH, FAE,
WMH and certain of WMH's direct and indirect wholly owned subsidiaries, and to
the best knowledge of FAEH, FAE and WMH, any of the persons listed on Schedule
I, attached hereto, in Shares effected during the past 60 days.
(d) Not applicable.
(e) As of July 21, 1997 FAEH, FAE, WMH and certain of WMH's direct and
indirect wholly owned subsidiaries ceased to be the beneficial owners of more
than five percent of the outstanding Shares of McFarland Energy, Inc.
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SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: August 4, 1997
FUND AMERICAN ENTERPRISES HOLDINGS, INC.
BY:
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Name: Michael S. Paquette
Title: Vice President and Controller
FUND AMERICAN ENTERPRISES, INC.
BY:
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Name: Robert E. Snyder
Title: Secretary and Controller
WHITE MOUNTAINS HOLDINGS, INC.
BY:
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Name: Michael S. Paquette
Title: Vice President and Controller
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SCHEDULE II TO SCHEDULE 13D
Sales of Shares of Common Stock of McFarland Energy, Inc. by the Reporting
Persons and by persons listed in Schedule I, within the last 60 days.
Sold by Date Number Sold Unit Price
------- ---- ----------- ----------
FAEH 07/21/97 53,846 $18.55
FAE 07/21/97 169,231 $18.55
WMH* 07/21/97 76,923 $18.55
* WMH and certain of its direct and indirect wholly owned subsidiaries.
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