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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Information Statement pursuant to Rule 13d-1 and 13d-2
(AMENDMENT NO. 1 )*
Proxim, Inc.
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(NAME OF ISSUER)
Common Stock
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(TITLE OF CLASS OF SECURITIES)
744284100
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(CUSIP NUMBER)
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* 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))
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CUSIP NO. Page 2 of 6 Pages
744284100
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1 NAME OF REPORTING PERSON 06-1051282
S.S. OR I.R.S. IDENTIFICATION NO.
HL Investment Advisors, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(A) [ ]
(B) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
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5 SOLE VOTING POWER
NUMBER OF
SHARES ----------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED AS OF 515,000
DECEMBER 31, ----------------------------------------------------------
1996 BY EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH ----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
515,000
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
515,000
(Not to be construed as an admission of beneficial
ownership)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* /----/
/----/
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.1%
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12 TYPE OF REPORTING PERSON*
IA
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CUSIP NO. Page 3 of 6 Pages
744284100 --- ---
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
Hartford Capital Appreciation Fund, Inc.
22-2481744
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(A) [ ]
(B) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
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5 SOLE VOTING POWER
NUMBER OF
SHARES -----------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED AS OF 515,000
DECEMBER 31, -----------------------------------------------------------
1996 BY EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
515,000
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 515,000
(Not to be construed as an admission of beneficial
ownership)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* /----/
/----/
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.1%
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12 TYPE OF REPORTING PERSON*
IV
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CUSIP NO. Page 4 of 6 Pages
744284100 --- ---
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Item 1(a) Name of Issuer:
Proxim, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
295 North Bernardo Avenue
Mountain View, CA 94043
Item 2(a) Name of Person Filing:
HL Investment Advisors, Inc.
Hartford Capital Appreciation Fund, Inc.
Item 2(b) Address of Principal Business Office:
200 Hopmeadow Street
Simsbury, CT 06070
Item 2(c) Citizenship:
HL Investment Advisors, Inc.-Connecticut
Hartford Capital Appreciation Fund, Inc. - Maryland
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
744284100
Item 3. Type of Reporting Person:
HL Investment Advisors, Inc., as a registered investment
adviser.
Hartford Capital Appreciation Fund, Inc., as a registered
investment management company.
Item 4. Ownership as of December 31, 1997:
(a) Amount Beneficially Owned:
515,000 shares of common stock beneficially owned
including:
Number of Shares
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HL Investment Advisors, Inc. 515,000
Hartford Capital Appreciation Fund, Inc. 515,000
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CUSIP NO. Page 5 of 6 Pages
744284100 --- ---
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(b) Percent of Class: 5.1%
(c) For information on voting and dispositive power with respect
to the above listed shares, see items 5-8 of cover pages.
Item 5. Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following: ( )
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: N/A
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 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 purposes or effect.
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CUSIP NO. Page 6 of 6 Pages
744284100 --- ---
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Signature
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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 12, 1998 HL Investment Advisors, Inc.
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BY: /s/ Joseph H. Gareau
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Joseph H. Gareau
President
Hartford Capital Appreciation Fund, Inc.
BY: /s/ Joseph H. Gareau
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Joseph H. Gareau
President
*Pursuant to the Joint Filing Agreement with respect to Schedule 13G
attached hereto as Exhibit I, between HL Investment Advisors, Inc. and
Hartford Capital Appreciation Fund, Inc., this Schedule 13G is filed
on behalf of each of them.
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EXHIBIT I
JOINT FILING AGREEMENT
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Each of the undersigned hereby agrees that the Schedule 13G
filed herewith is filed jointly, pursuant to Rule 13d-1(f)(1) of the
Securities Exchange Act of 1934, as amended, on behalf of each of
them.
Dated: February 12, 1998
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HL Investment Advisors, Inc.
BY: /s/ Joseph H. Gareau
--------------------------------
Joseph H. Gareau
President
Hartford Capital Appreciation Fund, Inc.
BY: /s/ Joseph H. Gareau
--------------------------------
Joseph H. Gareau
President
