MULTIMEDIA INC
SC 13G/A, 1994-02-15
TELEVISION BROADCASTING STATIONS
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<PAGE>   1





                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                  SCHEDULE 13G




                   UNDER THE SECURITIES EXCHANGE ACT OF 1934
                             (AMENDMENT NO.   1  )




                               Multimedia, Inc.
                   -----------------------------------------
                               (NAME OF ISSUER)




                                     Common                  
                   -----------------------------------------
                         (TITLE OF CLASS OF SECURITIES)




                                   62545K107                 
                   -----------------------------------------
                                 (CUSIP NUMBER)





CHECK THE FOLLOWING BOX IF A FEE IS BEING PAID WITH THIS STATEMENT /X/







                                                         Page 1 of 7
<PAGE>   2




<TABLE>
 <S>      <C>                                                       <C>
  (1)     Names of Reporting Persons S.S. or I.R.S.                 Wachovia Corporation
          Identification Nos. of Above Persons                      56-1473727

  (2)     Check the Appropriate Box if a Member of a Group (See     (A)     N/A
          Instructions)                                             (B)     N/A
                                                                    
  (3)     SEC Use Only

  (4)     Citizenship or Place of Organization                      North Carolina

 Number of Shares      (5)     Sole Voting Power                    1,158,101.00
 Beneficially          (6)     Shared Voting Power                     55,857.00
 Owned by Each         (7)     Sole Dispositive Power               1,864,766.00
 Reporting Person      (8)     Shared Dispositive Power               113,089.00
 With
                       
  (9)     Aggregate Amount Beneficially Owned by Each Reporting     2,038,605.00
          Person

 (10)     Check if Aggregate Amount in Row 9 Excludes Certain
          Shares
          (See Instructions)

 (11)     Percent of Class Represented by Amount in Row 9
                                                                               5.5%

 (12)     Type of Reporting Person
          (See Instructions)                                        HC/Trustee



</TABLE>


                                                                     Page 2 of 7
<PAGE>   3




<TABLE>
 <S>                                                                <C>
  (1)     Names of Reporting Persons S.S. or I.R.S.                 The South Carolina National Bank
          Identification Nos. of Above Persons                      57-0539952

  (2)     Check the Appropriate Box if a Member of a Group (See     (A)     N/A
          Instructions)                                             (B)     N/A
                                                                    
  (3)     SEC Use Only

  (4)     Citizenship or Place of Organization                      United States

 Number of Shares      (5)     Sole Voting Power                    1,111,001.00
 Beneficially          (6)     Shared Voting Power                     55,857.00
 Owned by Each         (7)     Sole Dispositive Power               1,864,766.00
 Reporting Person      (8)     Shared Dispositive Power               109,664.00
 With
                       
  (9)     Aggregate Amount Beneficially Owned by Each Reporting
          Person                                                    1,988,080.00

 (10)     Check if Aggregate Amount in Row 9 Excludes Certain
          Shares
          (See Instructions)

 (11)     Percent of Class Represented by Amount in Row 9
                                                                               5.4%

 (12)     Type of Reporting Person
          (See Instructions)                                        Bank/Trustee


</TABLE>



                                                                     Page 3 of 7
<PAGE>   4
<TABLE>
<S>              <C>
ITEM 1 (A)       NAME OF ISSUER:

                        Multimedia, Inc.

ITEM 1 (B)       ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
                               P.O. Box 2760
                               Greenville, SC 29602




ITEM 2 (A)       NAME OF PERSON FILING:

                 A.     Wachovia Corporation

                 B.     The South Carolina National Bank

ITEM 2 (B)       ADDRESS OF PRINCIPAL BUSINESS OFFICE:

                 A.     301 North Main Street
                        Winston-Salem, North Carolina 27150-3099

                 B.     1426 Main Street
                        Columbia, South Carolina 29226-0001

ITEM 2 (C)       CITIZENSHIP:

                 A.     North Carolina

                 B.     United States

ITEM 2 (D)       TITLE OF CLASS OF SECURITIES:

                        Common

ITEM 2 (E)       CUSIP NUMBER:

                        62545K107

ITEM 3           IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-3(B), CHECK WHETHER THE PERSON
                 FILING IS A:

                 (A)    ( )    BROKER OR DEALER REGISTERED UNDER SECTION 15 OF THE ACT

                 (B)    (X)    BANK AS DEFINED IN SECTION 3(A)(6) OF THE ACT
                               (The South Carolina National Bank)

                 (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


</TABLE>



                                                                     Page 4 of 7
<PAGE>   5
<TABLE>
<S>       <C>    <C>
                 (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
                               240.13D-1(B)(1)(II)(F)

                 (G)    (X)    PARENT HOLDING COMPANY, IN ACCORDANCE WITH 240.13D-1(B)(II)(G) (NOTE: SEE ITEM 7)
                               (Wachovia Corporation)

                 (H)    ( )    GROUP, IN ACCORDANCE WITH 240.13D-1(B)(1)(II)(H)


ITEM 4           OWNERSHIP.

                 IF THE PERCENT OF THE CLASS OWNED, AS OF DECEMBER 31 OF THE YEAR COVERED BY THE STATEMENT, OR AS OF THE LAST DAY OF
                 ANY MONTH DESCRIBED IN RULE 13D-1 (B)(2), IF APPLICABLE, EXCEEDS FIVE PERCENT, PROVIDE THE FOLLOWING INFORMATION AS
                 OF THAT DATE AND IDENTIFY THOSE SHARES WHICH THERE IS A RIGHT TO ACQUIRE.

          A.     WACHOVIA CORPORATION

                 (A)       AMOUNT BENEFICIALLY OWNED:   2,038,605.00  
                                                       ---------------
                                                       
                                                       
                 (B)       PERCENT OF CLASS:                    5.5%  
                                                       ---------------
                                                       

                 (C)       NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:            
                                                                                    
                 (I)       SOLE POWER TO VOTE OR TO DIRECT THE VOTE                    1,158,101.00 
                                                                                     ---------------
                                                                                    
                 (II)      SHARED POWER TO VOTE OR TO DIRECT THE VOTE                     55,857.00 
                                                                                     ---------------
                                                                                    
                 (III)     SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF       1,864,766.00 
                                                                                     ---------------
                                                                                    
                 (IV)      SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF       113,089.00 
                                                                                     ---------------
                                                                                    
                                                                                    
          B.     THE SOUTH CAROLINA NATIONAL BANK                                   
                                                                       
                 (A)       AMOUNT BENEFICIALLY OWNED:     1,988,080.00 
                                                         --------------
                                                                       
                                                                       
                 (B)       PERCENT OF CLASS:                       5.4%
                                                         --------------
                                                                       
                                                                                    
                 (C)       NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:            
                                                                                    
                 (I)       SOLE POWER TO VOTE OR TO DIRECT THE VOTE                    1,111,001.00  
                                                                                     ---------------
                                                                                    
                 (II)      SHARED POWER TO VOTE OR TO DIRECT THE VOTE                     55,857.00  
                                                                                     ---------------
                                                                                    
                 (III)     SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF       1,864,766.00  
                                                                                     --------------
                                                                                    
                 (IV)      SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF       109,664.00  
                                                                                     --------------
                                                                                    

</TABLE>



                                                                     Page 5 of 7
<PAGE>   6
<TABLE>
<S>       <C>
ITEM 5    OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

                 N/A

ITEM 6    OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

                 N/A

ITEM 7    IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY  
          BEING REPORTED ON BY THE PARENT HOLDING COMPANY.                                                                         

                 The securities to which this report relates are held by Wachovia Bank of North Carolina, NA and The 
                 South Carolina National Bank as trustees.  This filing should not be construed as an admission that 
                 the trustees or their parent, Wachovia Corporation, are, for the purposes of Section 13(d) or 13(g) 
                 of the Act, beneficial owner of any securities covered by this statement.

ITEM 8    IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

                 N/A

ITEM 9    NOTICE OF DISSOLUTION OF GROUP.

                 N/A

ITEM 10   CERTIFICATION:

                 BY SIGNING BELOW, I CERTIFY THAT, TO THE BEST OF MY KNOWLEDGE AND BELIEF, THE SECURITIES REFERRED TO ABOVE
                 WERE NOT ACQUIRED FOR THE PURPOSE OF AND DO NOT HAVE THE EFFECT OF CHANGING OR INFLUENCING THE CONTROL OF
                 THE ISSUER OF SUCH SECURITIES AND WERE NOT ACQUIRED IN CONNECTION WITH OR AS A PARTICIPANT IN ANY
                 TRANSACTION HAVING SUCH PURPOSES OR EFFECT.


</TABLE>

                                   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 14, 1994


                 FOR:      Wachovia Corporation


                 BY:       /s/ Hugh M. Durden
                           ----------------------------------------
                           Hugh M. Durden, Executive Vice President





                                                                     Page 6 of 7
<PAGE>   7



              CERTIFICATION:

              BY SIGNING BELOW, I CERTIFY THAT, TO THE BEST OF MY KNOWLEDGE AND
              BELIEF, THE SECURITIES REFERRED TO ABOVE WERE NOT ACQUIRED FOR
              THE PURPOSE OF AND DO NOT HAVE THE EFFECT OF CHANGING OR
              INFLUENCING THE CONTROL OF THE ISSUER OF SUCH SECURITIES AND WERE
              NOT ACQUIRED IN CONNECTION WITH OR AS A PARTICIPANT IN ANY
              TRANSACTION HAVING SUCH PURPOSES OR EFFECT.



                                   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 14, 1994


                 FOR:      The South Carolina National Bank


                 BY:       /s/ W. Patrick Dorn, Jr.
                           -------------------------------------------
                           W. Patrick Dorn, Jr., Senior Vice President





                                                                     Page 7 of 7


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