MONSANTO CO
SC 13G/A, 1995-02-01
CHEMICALS & ALLIED PRODUCTS
Previous: MESABI TRUST, SC 13G/A, 1995-02-01
Next: MGI PROPERTIES, 10-K, 1995-02-01




<PAGE>

               SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549

                               SCHEDULE 13G

                 Under the Securities Exchange Act of 1934
                            (Amendment No. 1)*


                             Monsanto Company
                             (Name of Issuer)

                                  COMMON
                      (Title of Class of Securities)

                                611662107          
                              (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).    
               
                     (Continued on following page(s))

                          Page 1 of 10 Pages
     
<PAGE>
<PAGE>
_______________________________________________________________

                                   13G

CUSIP NO. 611662107                      PAGE 2 OF 10 PAGES
______________________________________________________________
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

     OPPENHEIMER GROUP, INC.
     I.R.S. NO. 13-3331657
______________________________________________________________
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  (a) 
                                                       (b)  X
______________________________________________________________
3    SEC USE ONLY

______________________________________________________________
4    CITIZENSHIP OR PLACE OF ORGANIZATION

     DELAWARE
______________________________________________________________
NUMBER OF      5    SOLE VOTING POWER
                    
SHARE               0
               _______________________________________________
BENEFICIALLY   6    SHARED VOTING POWER

OWNED BY            6,652,155               
               _______________________________________________
EACH           7    SOLE DISPOSITIVE POWER

REPORTING           0
               _______________________________________________
PERSON         8    SHARED DISPOSITIVE POWER

WITH                6,652,155
______________________________________________________________
9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
     PERSON
                    6,652,155
______________________________________________________________
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
     CERTAIN SHARES 
______________________________________________________________
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                    5.72%
______________________________________________________________
12   TYPE OF REPORTING PERSON

     HC
______________________________________________________________
<PAGE>
<PAGE>
_____________________________________________________________
                             
                                   13G

CUSIP NO. 611662107                      PAGE 3 OF 10 PAGES
______________________________________________________________
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

     OPPENHEIMER CAPITAL
     I.R.S. NO. 13-3413767
_____________________________________________________________
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  (a) 
                                                       (b)  X
_____________________________________________________________
3    SEC USE ONLY

______________________________________________________________
4    CITIZENSHIP OR PLACE OF ORGANIZATION

     DELAWARE
______________________________________________________________
NUMBER OF      5    SOLE VOTING POWER
                    
SHARE               0
               _______________________________________________
BENEFICIALLY   6    SHARED VOTING POWER

OWNED BY            6,333,866               
               _______________________________________________
EACH           7    SOLE DISPOSITIVE POWER

REPORTING           0
               _______________________________________________
PERSON         8    SHARED DISPOSITIVE POWER

WITH                6,333,866               
______________________________________________________________
9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
     PERSON
                    6,333,866
______________________________________________________________
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
     CERTAIN SHARES 

______________________________________________________________
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                    5.45%
______________________________________________________________
12   TYPE OF REPORTING PERSON

     IA
______________________________________________________________
<PAGE>
<PAGE>
                                        Page 4 of 10 Pages
                   SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.  20549

                              Schedule 13G
                Under the Securities Exchange Act of 1934

Check the following box if a fee is being paid with this
Statement 


Item 1(b)      Name of Issuer:     
               
               Monsano Company
               
Item 1(b) Address of Issuer's Principal Executive Offices:

              800 North Lindbergh Blvd., St. Louis, MO 63167

Item 2(a)      Name of Person Filing:

               Oppenheimer Group, Inc.

Item 2(b)      Address of Principal Business Office:

               Oppenheimer Tower, World Financial Center
               New York, New York 10281

Item 2(c)      Citizenship:

               Inapplicable

Item 2(d)      Title of Class of Securities:

               Common 

Item 2(e)      CUSIP Number:  611662107                         
Item 3(g) ____X____ Parent Holding Company, in accordance with
                         Section 240.13d - 1(b)(1)(ii)(G)  
                         See Exhibit I hereto

Item 4(a)      Amount Beneficially Owned:

               Oppenheimer Group, Inc.      - 6,652,155 *

Item 4(b)      Percent of Class:

               Oppenheimer Group, Inc.      -  5.72% *  


*  Includes amount beneficially owned by Oppenheimer Capital as
disclosed on Page 3 hereof.
<PAGE>
<PAGE>
                                             Page 5 of 10 Pages
Item 4(c)(i)   Sole Power to Vote or to direct the vote -
                    Oppenheimer Group, Inc.   -           0


Item 4(c)(ii)  Shared power to vote or to direct the vote - 
                    Oppenheimer Group, Inc.   - 6,652,155 *

Item 4(c)(iii) Sole power to dispose or to direct the disposition of -
                    Oppenheimer Group, Inc.   -            0

Item 4(c)(iv)  Shared power to dispose or to direct the disposition of -
                    Oppenheimer Group, Inc.   -  6,652,155  *

Item 5         Ownership to Five Percent or Less of a Class:
                    Inapplicable

Item 6         Ownership of More than Five Percent on Behalf of
                    Another Person:

                    See Exhibit A hereto

Item 7         Identification and Classification of the Subsidiary Which
               Acquired the Security Being Reported on By the Parent
               Holding Company: 

                    See Exhibit II hereto

Item 8         Identification and Classification of Members of the Group:
                    Inapplicable

Item 9         Notice of Dissolution of Group:
                    Inapplicable

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.

Date:               February 1, 1995

Signature:      By: /s/ Robert I. Kleinberg

Name/Title:         Robert I. Kleinberg, Vice President/Secretary       

*    Includes amount beneficially owned by Oppenheimer Capital as disclosed
     on Page 3 hereof.

<PAGE>
<PAGE>
                                              Page 6 of 10 Pages 

                     EXHIBIT A

  The Managing General Partner of Oppenheimer Capital, a registered
  investment adviser, and certain persons to whom it has delegated
  the authority, have the power on behalf of Oppenheimer Capital to
  direct the use of dividends or proceeds of sale of more than five
  (5%) percent of such securities as disclosed on Page 3 hereof. The
  General Partner of Quest for Value Advisors, a registered
  investment adviser, and certain persons to whom it has delegated
  the authority, have the power on behalf of Quest for Value
  Advisors to direct the use of dividends or proceeds of sale of
  less than five (5%) percent of these securities. The Board of
  Directors, certain officers and other employees of Oppenheimer &
  Co., Inc., a registered broker-dealer, have the power to direct
  the use of dividends or proceeds of sale of less than five (5%)
  percent of these securities. 

MIK8-exhibit.A/1  
PAGE
<PAGE>
                                          Page 7 of 10 pages
                         EXHIBIT I 
Oppenheimer Group, Inc. ("Oppenheimer Group") is a holding company
which owns directly and indirectly a variety of subsidiary companies
("Subsidiaries") including the companies identified on the exhibit
to this Schedule 13G engaged in various aspects of the financial
services business.  83.39% of the issued and outstanding Common
Stock of Oppenheimer Group is owned by Oppenheimer & Co., L.P.,
("Oppenheimer LP"), a limited partnership formed by the management
of Oppenheimer.  The general and limited partnership interests in
Oppenheimer LP are owned by employees of Oppenheimer & Co., Inc.
("Opco") and its affiliates and include the executive officers of
Opco.  16.61% of Group's capital stock has been issued to certain
Oppenheimer LP warrantholders upon presentation for exercise of
warrants issued to various investors in Oppenheimer LP's 1986
Private Placement.  Opco, an indirect wholly-owned subsidiary of
Oppenheimer Group, is a diversified investment banking and
securities firm.  Oppenheimer Financial Corp., a wholly-owned
subsidiary of Oppenheimer Group, is the sole general partner of
Oppenheimer Capital, L.P. ("Opcap LP"), a limited partnership which
owns a majority interest in Oppenheimer Capital general partnership,
which carries on an investment advisory business activity directly
and through certain investment advisory companies one of which
serves as advisor to a group of mutual funds. 
PAGE
<PAGE>
                                               Page 8 of 10 Pages

The amendment to Schedule 13G is being filed by Oppenheimer Group as
a parent holding company pursuant to the provisions of Rule 13(d) -
(1) (b) on behalf of Oppenheimer LP and the Subsidiaries and/or
certain investment advisory clients or discretionary accounts of the
Subsidiaries and relating to their collective beneficial ownership
of shares of common stock of the Issuer.

Management of the affairs of Oppenheimer Group, the Subsidiaries and
of certain advisory clients including decisions respecting
dispositions and/or voting of the shares of the common stock of the
Issuer resides in respective officers and directors of the
Subsidiaries and is not directed by Oppenheimer Group or Oppenheimer
LP.   
Accordingly, the filing of this amendment to Schedule 13G by
Oppenheimer Group is not intended as, and should not be deemed, an
acknowledgment of beneficial ownership or shared voting or
dispositive power by Oppenheimer Group, Oppenheimer LP or any
intermediary company of the shares of the common stock of the Issuer
owned by such Subsidiaries or investment advisory clients of
investment advisory clients, such beneficial ownership or
attribution or shared voting or dispositive power being disclaimed.

MIK8-EXHIBIT.I95  
PAGE
<PAGE>
                                           Page 9 of 10 Pages
                             EXHIBIT II 

  The Parent Holding Company is filing on behalf of Oppenheimer
  Financial Corp., Oppenheimer Equities, Inc. and Oppenheimer
  Holdings, Inc. which would be classified as Item 3(g), Oppenheimer
  & Co., Inc. which would be classified as Item 3(a), and
  Oppenheimer Capital and Quest for Value Advisors which would be
  classified as Item 3(e).

  MIK8-exhibit.II/a   
PAGE
<PAGE>
                                      Page 10 of 10 Pages


                              EXHIBIT III    



  The undersigned hereby acknowledges and agrees that a report on
  Schedule 13G being filed by Oppenheimer Group, Inc. on or about
  the date hereof, relating to the common stock of Monsanto Company
  is filed on behalf of the undersigned.


  DATED:  February 1, 1995



                                  OPPENHEIMER CAPITAL


                             BY: /s/ Robert I. Kleinberg
                                 Robert I. Kleinberg
                                 Vice President & Secretary of
                                 Oppenheimer Financial Corp.,
                                 The Managing General Partner. 




MIK8-MONSANTO.195




© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission