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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2 )*
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Sterling Chemicals, Inc.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
858903 10 7
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(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).
THIS SCHEDULE 13G IS RESTATED IN ITS ENTIRETY PURSUANT TO RULE 101 OF
REGULATION S-T. THE EFFECTED PORTIONS REQUIRING AMENDMENT ARE IN ITEM 4, ITEM
5 AND THE EXHIBIT.
Page 1 of 5 Pages
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CUSIP No. 858903 10 7 13G
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1) Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
CIGNA Corporation
06-1059331
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
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3) SEC Use Only
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4) Citizenship or Place of Organization
Delaware
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(5) Sole Voting Power 0
Number of -----------------------------------------------------------
Shares
Beneficially (6) Shared Voting Power 18,988
Owned -----------------------------------------------------------
by Each
Reporting (7) Sole Dispositive Power 0
Person -----------------------------------------------------------
With
(8) Shared Dispositive Power 18,988
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9) Aggregate Amount Beneficially Owned by Each Reporting Person
18,988
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
( )
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11) Percent of Class Represented by Amount in Row 9
less than .1%
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12) Type of Reporting Person (See Instructions)
HC, CO
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Page 2 of 5 Pages
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13G
ITEM 1(a)
Name of Issuer: Sterling Chemicals, Inc.
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ITEM 1(b)
Address of Issuer's Principal Executive Offices:
1200 Smith Street, Suite 1900, Houston, TX 77002-4312
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ITEM 2(a)
Name of Person Filing: CIGNA Corporation
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ITEM 2(b)
Address of Principal Business Office or, if none, Residence:
One Liberty Place, Philadelphia, PA 19192
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ITEM 2(c)
Citizenship: Delaware
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ITEM 2(d)
Title of Class of Securities: Common Stock, $.01 par value
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ITEM 2(e)
CUSIP Number: 858903 10 7
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ITEM 3
Classification of Person Filing:
This statement is not filed pursuant to Rule 13d-1(b) or as an amendment to a
statement filed pursuant to Rule 13d-1(b).
ITEM 4
Ownership.
The percent of Common Stock owned as of December 31, 1994 was less
than 5%.
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 /X/
Page 3 of 5 Pages
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13G
ITEM 6
Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable
ITEM 7
Identification and Classification of the Subsidiary Which Acquired the Security
Being Reported on By the Parent Holding Company.
See attached Exhibit
ITEM 8
Identification and Classification of Members of the Group.
Not Applicable
ITEM 9
Notice of Dissolution of Group.
Not Applicable
ITEM 10
Certification.
Not Applicable
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.
February 13, 1994
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Date
/s/ David C. Kopp
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Signature
David C. Kopp, Assistant Corporate Secretary
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Name/Title
Page 4 of 5 Pages
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13G
EXHIBIT
CIGNA Corporation ("CIGNA") has filed this Schedule 13G as the ultimate parent
company of the following wholly-owned corporate subsidiaries and of the general
partner of the following limited partnership which together beneficially owned
less than 5% of the Common Stock at December 31, 1994.
Connecticut General Life Insurance Company
CIGNA Property and Casualty Insurance Company
CIGNA Funding Limited Partnership
(Certain of the shares previously reported on this Schedule 13G were shares
deemed to be held as a member of a group which included Morgan Stanley
Leveraged Mezzanine Fund, L.P. and Morgan Stanley Group Inc. This group is
filing an amendment to its separate Schedule 13G reporting the sale of all of
the group's shares and dissolution of the group during 1994.)
Page 5 of 5 Pages
