<PAGE>
OMB APPROVAL
OMB NUMBER 3235-0145
EXPIRES: OCTOBER 31, 1994
ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE........ 14.90
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
BORG-WARNER AUTOMOTIVE, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
- --------------------------------------------------------------------------------
(Title Of Class of Securities)
099724106
(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>
CUSIP NO. 099724106 13G PAGE 2 OF 33 PAGES
- --------------------------- ------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Merrill Lynch & Co., Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Joint Filing
(a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
None
-----------------------------------------------------
6 SHARED VOTING POWER
9,071,554
-----------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,071,554
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
9,071,554
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
39.25%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
HC, CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 099724106 13G PAGE 3 OF 33 PAGES
- --------------------------- ------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Merrill Lynch Group, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Joint Filing
(a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
None
-----------------------------------------------------
6 SHARED VOTING POWER
9,071,554
-----------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,071,554
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
9,071,554
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
39.25%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
HC, CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 099724106 13G PAGE 4 OF 33 PAGES
- --------------------------- ------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Merrill Lynch Capital Partners, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Joint Filing
(a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
None
-----------------------------------------------------
6 SHARED VOTING POWER
9,071,154
-----------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,071,154
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
9,071,154
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
39.25%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 099724106 13G PAGE 5 OF 33 PAGES
- --------------------------- ------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Merrill Lynch LBO Partners No. II, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Joint Filing
(a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
None
-----------------------------------------------------
6 SHARED VOTING POWER
9,071,154
-----------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,071,154
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
9,071,154
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
39.25%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 099724106 13G PAGE 6 OF 33 PAGES
- --------------------------- ------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Merrill Lynch Capital Appreciation Partnership No.
VIII, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Joint Filing
(a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
None
-----------------------------------------------------
6 SHARED VOTING POWER
9,071,154
-----------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,071,154
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
9,071,154
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
39.25%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 099724106 13G PAGE 7 OF 33 PAGES
- --------------------------- ------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ML Offshore LBO Partnership No. VIII
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Joint Filing
(a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- --------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
None
-----------------------------------------------------
6 SHARED VOTING POWER
9,071,154
-----------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,071,154
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
9,071,154
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
39.25%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 099724106 13G PAGE 8 OF 33 PAGES
- --------------------------- ------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Merrill Lynch LBO Managers, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Joint Filing
(a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
None
-----------------------------------------------------
6 SHARED VOTING POWER
9,071,154
-----------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,071,154
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
9,071,154
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
39.25%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 099724106 13G PAGE 9 OF 33 PAGES
- --------------------------- ------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ML Employees LBO Partnership No. I, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Joint Filing
(a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
None
-----------------------------------------------------
6 SHARED VOTING POWER
9,071,154
-----------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,071,154
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
9,071,154
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
39.25%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 099724106 13G PAGE 10 OF 33 PAGES
- --------------------------- ------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Merrill Lynch MBP Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Joint Filing
(a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
None
-----------------------------------------------------
6 SHARED VOTING POWER
9,071,154
-----------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,071,154
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
9,071,154
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
39.25%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 099724106 13G PAGE 11 OF 33 PAGES
- --------------------------- ------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Merchant Banking L.P. No. I
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Joint Filing
(a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
None
-----------------------------------------------------
6 SHARED VOTING POWER
9,071,154
-----------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,071,154
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
9,071,154
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
39.25%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 099724106 13G PAGE 12 OF 33 PAGES
- --------------------------- ------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
KECALP Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Joint Filing
(a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
None
-----------------------------------------------------
6 SHARED VOTING POWER
9,071,154
-----------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,071,154
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
9,071,154
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
39.25%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 099724106 13G PAGE 13 OF 33 PAGES
- --------------------------- ------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Merrill Lynch KECALP L.P. 1986
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Joint Filing
(a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
None
-----------------------------------------------------
6 SHARED VOTING POWER
9,071,154
-----------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,071,154
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
9,071,154
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
39.25%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 099724106 13G PAGE 14 OF 33 PAGES
- --------------------------- ------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Merrill Lynch KECALP L.P. 1987
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Joint Filing
(a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
None
-----------------------------------------------------
6 SHARED VOTING POWER
9,071,154
-----------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,071,154
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
9,071,154
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
39.25%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 099724106 13G PAGE 15 OF 33 PAGES
- --------------------------- ------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ML Leasing Equipment Corp.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Joint Filing
(a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
None
-----------------------------------------------------
6 SHARED VOTING POWER
9,071,154
-----------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,071,154
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
9,071,154
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
39.25%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 099724106 13G PAGE 16 OF 33 PAGES
- --------------------------- ------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Merrill Lynch Venture Capital, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Joint Filing
(a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
None
-----------------------------------------------------
6 SHARED VOTING POWER
9,071,154
-----------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,071,154
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
9,071,154
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
39.25%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 099724106 13G PAGE 17 OF 33 PAGES
- --------------------------- ------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MLVP II Co., L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Joint Filing
(a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
None
-----------------------------------------------------
6 SHARED VOTING POWER
9,071,154
-----------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,071,154
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
9,071,154
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
39.25%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 099724106 13G PAGE 18 OF 33 PAGES
- --------------------------- ------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ML Venture Partners II, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Joint Filing
(a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
None
-----------------------------------------------------
6 SHARED VOTING POWER
9,071,154
-----------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,071,154
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
9,071,154
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
39.25%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 099724106 13G PAGE 19 OF 33 PAGES
- --------------------------- ------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ML IBK Positions, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Joint Filing
(a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
None
-----------------------------------------------------
6 SHARED VOTING POWER
9,071,154
-----------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
9,071,154
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
9,071,154
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
39.25%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13G
Item 1 (a) Name of Issuer:
---------------
Borg-Warner Automotive, Inc.
Item 1 (b) Address of Issuer's Principal Executive Offices:
-----------------------------------------------
200 South Michigan Avenue
Chicago, IL 60604
Item 2 (a) Names of Persons Filing:
-----------------------
Merrill Lynch & Co., Inc.
Merrill Lynch Group, Inc.
Merrill Lynch Capital Partners, Inc.
Merrill Lynch LBO Partners No. II, L.P.
Merrill Lynch Capital Appreciation Partnership No. VIII, L.P.
ML Offshore LBO Partnership No. VIII
Merrill Lynch LBO Managers, Inc.
ML Employees LBO Partnership No. I, L.P.
Merrill Lynch MBP Inc.
Merchant Banking L.P. No. I
KECALP Inc.
Merrill Lynch KECALP L.P. 1986
Merrill Lynch KECALP L.P. 1987
ML Leasing Equipment Corp.
Merrill Lynch Venture Capital, Inc.
MLVP II Co., L.P.
ML Venture Partners II, L.P.
ML IBK Positions, Inc.
Item 2 (b) Address of Principal Business Office, or, if none, Residence:
------------------------------------------------------------
Merrill Lynch & Co., Inc.
Merrill Lynch Group, Inc.
ML IBK Positions, Inc.
250 Vesey Street
World Financial Center, North Tower
New York, New York 10281
Merrill Lynch Capital Partners, Inc.
Merrill Lynch LBO Partners No. II, L.P.
Merrill Lynch Capital Appreciation Partnership No. VIII, L.P.
ML Offshore LBO Partnership No. VIII
Merrill Lynch LBO Managers, Inc.
ML Employees LBO Partnership No. I, L.P.
Merrill Lynch MBP Inc.
PAGE 20 OF 33 PAGES
<PAGE>
Merchant Banking L.P. No. I
KECALP Inc.
Merrill Lynch KECALP L.P. 1986
Merrill Lynch KECALP L.P. 1987
ML Leasing Equipment Corp.
Merrill Lynch Venture Capital, Inc.
MLVP II Co., L.P.
ML Venture Partners II, L.P.
225 Liberty Street
New York, NY 10080
Item 2 (c) Citizenship:
-----------
Delaware, except ML Offshore LBO Partnership No. VIII, which Is a
Cayman Islands partnership.
Item 2 (d) Title of Class of Securities:
----------------------------
Common Stock, par value $.01 per share
Item 2 (e) CUSIP Number
------------
099724106
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 registered under Section 16 of the Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] 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; see
Sec. 240 . 13d-1(b)(l)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with Sec. 240.13d-
1(b)(ii)(G) (Note: See Item 7)
(h) [ ] Group, in accordance with Sec. 240.13d-1(b)(1)(ii)(H)
Item 4 Ownership
---------
(a) Amount Beneficially Owned:
See Item 9 of Cover Pages. Pursuant to Section 240.13d-4, Merrill Lynch & Co.,
Inc., Merrill Lynch Group, Inc., Merrill Lynch Capital Partners, Inc., Merrill
Lynch LBO
PAGE 21 OF 33 PAGES
<PAGE>
Partners No. II, L.P., Merrill Lynch LBO Managers, Inc., KECALP Inc.,
Merrill Lynch MBP Inc., Merrill Lynch Venture Capital Partners, Inc. and MLVP II
Co., L.P. (the "Reporting Persons") disclaim beneficial ownership of the
securities of Borg-Warner Automotive, Inc. referred to herein, and the filing of
this Schedule 13G shall not be construed as an admission that the Reporting
Companies are, for the purposes of Section 13(d) or 13(g) of the Securities
Exchange Act of 1934 (the "Act"), the beneficial owner of any securities of
Borg-Warner Automotive, Inc covered by this statement.
(b) Percent of Class:
See Item 11 of Cover Pages
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
See Item 5 of Cover Pages
(ii) shared power to vote or to direct the vote:
See Item 6 of Cover Pages
(iii) sole power to dispose or to direct the disposition of:
See Item 7 of Cover Pages
(iv) shared power to dispose or to direct disposition of:
See Item 8 of Cover Pages
Item 5 Ownership Five Percent or Less of a Class.
-----------------------------------------
Not applicable
Item 6 Ownership of More than Five Percent on Behalf of Another Person.
---------------------------------------------------------------
Certain wholly owned subsidiaries of Merrill Lynch & Co., Inc., and Merrill
Lynch Group, Inc. act as general partner of various limited partnerships that
have the right to receive or the power to direct the receipt of dividends from,
or the proceeds from the sale of the class of securities reported herein. See
Exhibit A
Item 7 Identification and Classification of the Subsidiary Which Acquired the
----------------------------------------------------------------------
Security Being Reported on by the Parent Holding Company.
--------------------------------------------------------
See Exhibit A
Item 8 Identification and Classification of Members of the Group.
---------------------------------------------------------
See Exhibit B.
Item 9 Notice of Dissolution of Group.
-------------------------------
Not Applicable
PAGE 22 OF 33 PAGES
<PAGE>
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 purposeof 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.
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.
MERRILL LYNCH & CO., INC.
MERRILL LYNCH GROUP, INC.
ML IBK POSITIONS, INC.
KECALP INC.
MERRILL LYNCH MBP INC.
Date: February 13, 1995 By: /s/ Marcia L. Tu
-----------------
Marcia L. Tu
Attorney-in-Fact
MERRILL LYNCH CAPITAL PARTNERS,
INC.
Date: February 13, 1995 By: /s/ Marcia L. Tu
-----------------
Marcia L. Tu
Vice President & Secretary
MERRILL LYNCH LBO PARTNERS NO. II, L.P.
By: Merrill Lynch Capital Partners, Inc.,
its general partner
Date: February 13, 1995 By: /s/ Marcia L. Tu
-----------------
Marcia L. Tu
Vice President & Secretary
MERRILL LYNCH CAPITAL
APPRECIATION PARTNERSHIP
NO. VIII, L.P.
By: Merrill Lynch LBO Partners No. II,
L.P., its general partner
By: Merrill Lynch Capital Partners, Inc.,
its general partner
Date: February 13, 1995 By: /s/ Marcia L. Tu
-----------------
Marcia L. Tu
Vice President & Secretary
PAGE 23 OF 33 PAGES
<PAGE>
ML OFFSHORE LBO PARTNERSHIP
NO. VIII
By: Merrill Lynch LBO Partners No. II,
L.P., its investment general partner
By: Merrill Lynch Capital Partners, Inc.,
its general partner
Date: February 13, 1995 By: /s/ Marcia L. Tu
----------------
Marcia L. Tu
Vice President & Secretary
MERRILL LYNCH LBO MANAGERS, INC.
Date: February 13, 1995 By: /s/ Marcia L. Tu
-----------------
Marcia L. Tu
Secretary
ML EMPLOYEES LBO PARTNERSHIP
NO. I, L.P.
By: Merrill Lynch LBO Managers, Inc.
Date: February 13, 1995 By: /s/ Marcia L. Tu
-----------------
Marcia L. Tu
Secretary
MERRILL LYNCH KECALP L.P. 1986
By: KECALP Inc., its general partner
Date: February 13, 1995 By: /s/ Marcia L. Tu
-----------------
Marcia L. Tu
Attorney-in-Fact
MERRILL LYNCH KECALP L.P. 1987
By: KECALP Inc., its general partner
Date: February 13, 1995 By: /s/ Marcia L. Tu
-----------------
Marcia L. Tu
Attorney-in-Fact
PAGE 24 OF 33 PAGES
<PAGE>
MERCHANT BANKING L.P. NO. I
By: Merrill Lynch MBP Inc.,
its general partner
Date: February 13, 1995 By: /s/ Marcia L. Tu
-----------------
Marcia L. Tu
Attorney-in-Fact
ML LEASING EQUIPMENT CORP.
Date: February 13, 1995 By: /s/ James Rossi
----------------
James Rossi
Secretary
MERRILL LYNCH VENTURE CAPITAL
PARTNERS, INC.
Date: February 13, 1995 By: /s/ Marcia L. Tu
-----------------
Marcia L. Tu
Secretary
MLVP II CO, L.P.
By: Merrill Lynch Venture Capital Partners,
Inc., its general partner
Date: February 13, 1995 By: /s/ Marcia L. Tu
-----------------
Marcia L. Tu
Secretary
ML VENTURE PARTNERS II L.P.
By; MLVP II Co, L.P., its general partner
By: Merrill Lynch Venture Capital Partners,
Inc., its general partner
Date: February 13, 1995 By: /s/ Marcia L. Tu
-----------------
Marcia L. Tu
Secretary
PAGE 25 OF 33 PAGES
<PAGE>
EXHIBIT A TO SCHEDULE 13G
-------------------------
ITEM 7 DISCLOSURE RESPECTING SUBSIDIARIES
-----------------------------------------
Two of the persons filing this report, Merrill Lynch & Co., Inc., a
Delaware corporation with its principal place of business at World Financial
Center, North Tower, 250 Vesey Street, New York, New York ("ML&Co."), and
Merrill Lynch Group, Inc., a Delaware corporation with its principal place of
business at World Financial Center, North Tower, 250 Vesey Street, New York, New
York ("ML Group"), are parent holding companies pursuant to Rule 13d-
1(b)(1)(ii)(G). Pursuant to the instructions in Item 7 of Schedule 13G, the
relevant subsidiaries of ML&Co. are ML Group, Merrill Lynch Capital Partners,
Inc. ("MLCP"), ML Leasing Equipment Corp. ("Leasing"), Merrill Lynch Venture
Capital Inc. ("MLVC"), KECALP Inc. ("KECALP"), Merrill Lynch MBP Inc. ("MLMBP"),
Merrill Lynch LBO Managers, Inc. ("LBO") and ML IBK Positions, Inc. ("MLIBK").
The relevant subsidiaries of ML Group are MLCP, Leasing, MLVC, KECALP, MLMBP,
LBO and MLIBK.
ML Group, a wholly-owned direct subsidiary of ML&Co. may be deemed to
be the beneficial owner of 39.25% of the securities of Borg-Warner Automotive,
Inc. (the "Securities") by virtue of its control of its direct and indirect
wholly-owned subsidiaries MLCP, MLVC, KECALP, MLMBP, LBO and MLIBK.
MLCP, a Delaware corporation with its principal place of business at
225 Liberty Street, New York, New York, may be deemed to be the beneficial owner
of Securities by virtue of (i) its control of its wholly owned subsidiary LBO,
which is the general partner of a limited partnership and (ii) its status as
general partner of a limited partnership, Merrill Lynch LBO Partners No. II,
L.P., that acts as general partner of two limited partnerships that own the
Securities. One of those partnerships, Merrill Lynch Capital Appreciation
Partnership No. VIII is the record owner of 25.50% of the Securities. None of
the other limited partnerships is the record owner of more than 5% of the
Securities.
KECALP and MLMBP are wholly-owned subsidiaries of ML Group and each
act as general partners of limited partnerships that are record owners of the
Securities, none of which is the record owner of more than 5% of the Securities.
Leasing is a wholly-owned subsidiary of ML Group and its wholly-owned
subsidiary, MLVC acts as general partner of MLVP II Co., L.P., which is the
general partner of ML Venture Partners II, L.P., which is the record owner of
less than 5% of the Securities.
MLIBK, a wholly-owned subsidiary of ML Group, is
the record owner of 7.69% of the Securities.
Those partnerships that are the record owners of the Securities and
MLIBK may be deemed to be a group and therefore may be deemed to beneficially
own all the Securities held by the group, which constitutes 39.25% of the
Securities outstanding. Consequently each of the general partners of the
partnerships and their parent corporations may also be deemed to beneficially
own all of the Securities held by the
PAGE 26 OF 33 PAGES
<PAGE>
group. Each entity disclaims beneficial ownership of the Securities not held of
record by it.
PAGE 27 OF 33 PAGES
<PAGE>
EXHIBIT B TO SCHEDULE 13G
-------------------------
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP
--------------------------------------------------------------
The following entities may be deemed to be members of a group. All of such
entities disclaim membership in such group, except Merrill Lynch Capital
Appreciation Partnership No.VIII, L.P. and ML Offshore LBO Partners No. VIII.
See Exhibit A.
Merrill Lynch Capital Appreciation Partnership No. VIII, L.P.
ML Offshore LBO Partners No. VIII
ML IBK Positions, Inc.
ML Employees LBO Partnership No. I, L.P.
KECALP 1986 L.P.
KECALP 1987 L.P.
Merchant Banking L.P. No. I
ML Venture Partners II L.P.
PAGE 28 OF 33 PAGES
<PAGE>
EXHIBIT C
---------
POWER OF ATTORNEY
TO PREPARE AND EXECUTE DOCUMENTS PURSUANT TO SECTIONS 13 AND 16
OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED,
AND RULES THEREUNDER, BY AND ON BEHALF OF
MERRILL LYNCH & CO., INC.
KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes
and appoints MARCIA L. TU its true and lawfully attorney-in-fact to:
(1) to prepare and execute, for and on behalf of the undersigned, any
and all forms, schedules, reports and other documents relating to Merrill Lynch
& Co., Inc.'s direct or indirect ownership of securities that are required to be
filed with the United States Securities and Exchange Commission pursuant to
Section 13 and 16 of the Securities Exchange Act of 1934, as amended, and the
rules thereunder (collectively, the "Exchange Act");
(2) do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to comply with the requirements
of Sections 13 and 16 of the Exchange Act including, but not limited to,
executing documents required by said sections of the Exchange Act and effecting
the timely filing thereof with the United States Securities and Exchange
Commission and any other authority; and
(3) take any other action of any type whatsoever in connection with
the foregoing which, in the opinion of such attorney-in-fact, may be of benefit
to, in the best interest of, or legally required by, the undersigned, it being
understood that the documents executed by such attorney-in-fact on behalf of the
undersigned pursuant to this Power of Attorney shall be in such form and shall
contain such terms and conditions as such attorney-in-fact may approve in his
discretion.
The undersigned hereby grants to such attorney-in-fact full power and
authority to do and perform all and every act and thing whatsoever requisite,
necessary and proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as such attorney-in-fact
might or could do if personally present, hereby ratifying and confirming all
that such attorney-in-fact shall lawfully do or cause to be done by virtue of
this power of attorney and the rights and powers herein granted. The
undersigned acknowledges that the foregoing attorney-in-fact, in serving in such
capacity at the request of the undersigned, is not assuming any of the
undersigned's responsibilities to comply with Sections 13 or 16 of the Exchange
Act.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney
to be executed as of this 30th day of November 1994.
------
MERRILL LYNCH & CO., INC.
By /s/Barry S. Friedberg
---------------------
Barry S. Friedberg
Executive Vice President
PAGE 29 OF 33 PAGES
<PAGE>
POWER OF ATTORNEY
TO PREPARE AND EXECUTE DOCUMENTS PURSUANT TO SECTIONS 13 AND 16
OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED,
AND RULES THEREUNDER, BY AND ON BEHALF OF
MERRILL LYNCH GROUP, INC.
KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes
and appoints MARCIA L. TU its true and lawful attorney-in-fact to:
(1) to prepare and execute, for and on behalf of the undersigned, any
and all forms, schedules, reports and other documents relating to Merrill Lynch
Group, Inc.'s direct or indirect ownership of securities that are required to be
filed with the United States Securities and Exchange Commission pursuant to
Section 13 and 16 of the Securities Exchange Act of 1934, as amended, and the
rules thereunder (collectively, the "Exchange Act");
(2) do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to comply with the requirements
of Sections 13 and 16 of the Exchange Act including, but not limited to,
executing documents required by said sections of the Exchange Act and effecting
the timely filing thereof with the United States Securities and Exchange
Commission and any other authority; and
(3) take any other action of any type whatsoever in connection with
the foregoing which, in the opinion of such attorney-in-fact, may be of benefit
to, in the best interest of, or legally required by, the undersigned, it being
understood that the documents executed by such attorney-in-fact on behalf of the
undersigned pursuant to this Power of Attorney shall be in such form and shall
contain such terms and conditions as such attorney-in-fact may approve in his
discretion.
The undersigned hereby grants to such attorney-in-fact full power and
authority to do and perform all and every act and thing whatsoever requisite,
necessary and proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as such attorney-in-fact
might or could do if personally present, hereby ratifying and confirming all
that such attorney-in-fact shall lawfully do or cause to be done by virtue of
this power of attorney and the rights and powers herein granted. The
undersigned acknowledges that the foregoing attorney-in-fact, in serving in such
capacity at the request of the undersigned, is not assuming any of the
undersigned's responsibilities to comply with Sections 13 or 16 of the Exchange
Act.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney
to be executed as of this 8th day of December 1994.
-----
MERRILL LYNCH GROUP, INC.
By: /s/Rosemary T. Berkery
----------------------
Rosemary T. Berkery
Vice President
PAGE 30 OF 33 PAGES
<PAGE>
POWER OF ATTORNEY
TO PREPARE AND EXECUTE DOCUMENTS PURSUANT TO SECTIONS 13 AND 16
OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED,
AND RULES THEREUNDER, BY AND ON BEHALF OF
ML IBK POSITIONS, INC.
KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes
and appoints MARCIA L. TU its true and lawfully attorney-in-fact to:
(1) to prepare and execute, for and on behalf of the undersigned, any
and all forms, schedules, reports and other documents relating to ML IBK
Positions, Inc.'s direct or indirect ownership of securities that are required
to be filed with the United States Securities and Exchange Commission pursuant
to Section 13 and 16 of the Securities Exchange Act of 1934, as amended, and the
rules thereunder (collectively, the "Exchange Act");
(2) do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to comply with the requirements
of Sections 13 and 16 of the Exchange Act including, but not limited to,
executing documents required by said sections of the Exchange Act and effecting
the timely filing thereof with the United States Securities and Exchange
Commission and any other authority; and
(3) take any other action of any type whatsoever in connection with
the foregoing which, in the opinion of such attorney-in-fact, may be of benefit
to, in the best interest of, or legally required by, the undersigned, it being
understood that the documents executed by such attorney-in-fact on behalf of the
undersigned pursuant to this Power of Attorney shall be in such form and shall
contain such terms and conditions as such attorney-in-fact may approve in his
discretion.
The undersigned hereby grants to such attorney-in-fact full power and
authority to do and perform all and every act and thing whatsoever requisite,
necessary and proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as such attorney-in-fact
might or could do if personally present, hereby ratifying and confirming all
that such attorney-in-fact shall lawfully do or cause to be done by virtue of
this power of attorney and the rights and powers herein granted. The
undersigned acknowledges that the foregoing attorney-in-fact, in serving in such
capacity at the request of the undersigned, is not assuming any of the
undersigned's responsibilities to comply with Sections 13 or 16 of the Exchange
Act.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney
to be executed as of this 30th day of November 1994.
------
ML IBK POSITIONS, INC.
By: /s/James V. Caruso
------------------
James V. Caruso
Vice President
PAGE 31 OF 33 PAGES
<PAGE>
POWER OF ATTORNEY
TO PREPARE AND EXECUTE DOCUMENTS PURSUANT TO SECTIONS 13 AND 16
OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED,
AND RULES THEREUNDER, BY AND ON BEHALF OF
KECALP INC.
KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes
and appoints MARCIA L. TU its true and lawfully attorney-in-fact to:
(1) to prepare and execute, for and on behalf of the undersigned, any
and all forms, schedules, reports and other documents relating to KECALP Inc.'s
direct or indirect ownership of securities that are required to be filed with
the United States Securities and Exchange Commission pursuant to Section 13 and
16 of the Securities Exchange Act of 1934, as amended, and the rules thereunder
(collectively, the "Exchange Act");
(2) do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to comply with the requirements
of Sections 13 and 16 of the Exchange Act including, but not limited to,
executing documents required by said sections of the Exchange Act and effecting
the timely filing thereof with the United States Securities and Exchange
Commission and any other authority; and
(3) take any other action of any type whatsoever in connection with
the foregoing which, in the opinion of such attorney-in-fact, may be of benefit
to, in the best interest of, or legally required by, the undersigned, it being
understood that the documents executed by such attorney-in-fact on behalf of the
undersigned pursuant to this Power of Attorney shall be in such form and shall
contain such terms and conditions as such attorney-in-fact may approve in his
discretion.
The undersigned hereby grants to such attorney-in-fact full power and
authority to do and perform all and every act and thing whatsoever requisite,
necessary and proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as such attorney-in-fact
might or could do if personally present, hereby ratifying and confirming all
that such attorney-in-fact shall lawfully do or cause to be done by virtue of
this power of attorney and the rights and powers herein granted. The
undersigned acknowledges that the foregoing attorney-in-fact, in serving in such
capacity at the request of the undersigned, is not assuming any of the
undersigned's responsibilities to comply with Sections 13 or 16 of the Exchange
Act.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney
to be executed as of this 30th day of November 1994.
-----
KECALP INC.
By: /s/James V. Caruso
------------------
James V. Caruso
Vice President
PAGE 32 OF 33 PAGES
<PAGE>
POWER OF ATTORNEY
TO PREPARE AND EXECUTE DOCUMENTS PURSUANT TO SECTIONS 13 AND 16
OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED,
AND RULES THEREUNDER, BY AND ON BEHALF OF
MERRILL LYNCH MBP INC.
KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes
and appoints MARCIA L. TU its true and lawfully attorney-in-fact to:
(1) to prepare and execute, for and on behalf of the undersigned, any
and all forms, schedules, reports and other documents relating to Merrill Lynch
MBP Inc.'s direct or indirect ownership of securities that are required to be
filed with the United States Securities and Exchange Commission pursuant to
Section 13 and 16 of the Securities Exchange Act of 1934, as amended, and the
rules thereunder (collectively, the "Exchange Act");
(2) do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to comply with the requirements
of Sections 13 and 16 of the Exchange Act including, but not limited to,
executing documents required by said sections of the Exchange Act and effecting
the timely filing thereof with the United States Securities and Exchange
Commission and any other authority; and
(3) take any other action of any type whatsoever in connection with
the foregoing which, in the opinion of such attorney-in-fact, may be of benefit
to, in the best interest of, or legally required by, the undersigned, it being
understood that the documents executed by such attorney-in-fact on behalf of the
undersigned pursuant to this Power of Attorney shall be in such form and shall
contain such terms and conditions as such attorney-in-fact may approve in his
discretion.
The undersigned hereby grants to such attorney-in-fact full power and
authority to do and perform all and every act and thing whatsoever requisite,
necessary and proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as such attorney-in-fact
might or could do if personally present, hereby ratifying and confirming all
that such attorney-in-fact shall lawfully do or cause to be done by virtue of
this power of attorney and the rights and powers herein granted. The
undersigned acknowledges that the foregoing attorney-in-fact, in serving in such
capacity at the request of the undersigned, is not assuming any of the
undersigned's responsibilities to comply with Sections 13 or 16 of the Exchange
Act.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney
to be executed as of this 30th day of November 1994.
------
MERRILL LYNCH MBP INC.
By: /s/ James V. Caruso
-------------------
James V. Caruso
Vice President
PAGE 33 OF 33 PAGES
