SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. ___)*
USA DETERGENTS, INC.
(Name of Issuer)
COMMON STOCK, $.01 par value
(Title of Class of Securities)
902938992
(CUSIP Number)
12/31/98
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
|x| Rule 13d-1(b)
|_| Rule 13d-1(c)
|_| Rule 13d-1(d)
<PAGE>
CUSIP No. 902938992
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
NATIONAL WESTMINSTER BANK PLC
13-563460
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_|
(b)|X|
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
ENGLAND
NUMBER OF 5. SOLE VOTING POWER 1,326,556
SHARES
BENEFICIALLY 6. SHARED VOTING POWER 0
OWNED BY
EACH 7. SOLE DISPOSITIVE POWER 1,326,556
REPORTING
PERSON WITH 8. SHARED DISPOSITIVE POWER 0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,326,556
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES |_|
CERTAIN SHARES*
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.59%
12. TYPE OF REPORTING PERSON*
BK, HC
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1. (a) Name of Issuer:
USA DETERGENTS, INC.
(b) Address of Issuer's Principal Executive Offices:
1735 JERSEY AVENUE
NORTH BRUNSWICK
NEW JERSEY 08902
Item 2. (a) Name of Person Filing:
NATIONAL WESTMINSTER BANK, PLC
(b) Address of Principal Business Office:
41 LOTHBURY
LONDON EC2P 2BP
ENGLAND
(c) Citizenship (i.e. Place of Organisation):
ENGLAND
(d) Title of Class of Securities:
COMMON STOCK, $.01 PAR VALUE
(e) CUSIP Number:
902938992
Item 3. If this Statement is filed pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), check whether the person filing is a:
(a) |_| Broker or dealer registered under Section 15 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 Advisors 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 S240.13d-1(b)(1)(ii)(F)
(g) |X| Parent Holding Company, in accordance with
RuleS S240.13d-1(b)(1)(ii)(G)
(h) |_| Group, in accordance with S240.13d-1(b)(1)(ii)(H)
Item 4. Ownership.
(a) Current Beneficially owned:
1,326,556
(b) Percent of class:
9.59%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
1,326,556
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
1,326,556
(iv) Shared power to dispose or to direct the disposition of:
0
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.
The securities were acquired through foreclosures in connection
with defaults on certain loans collateralized by the securities.
Accordingly, to the extent that the proceeds of any liquidation
of the securities exceeds the amount of such loans, the relevant
borrowers would be entitled to receive such excess.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company.
COUTTS BANK (SWITZERLAND) LTD
IA
Item 8. Identification and Classification of Members of the Group.
Not applicable
Item 9. Notice of Dissolution of Group.
Not applicable
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are
held in the ordinary course of business and were not acquired and
are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that 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.
FEBRUARY 9, 1999
NATIONAL WESTMINSTER BANK PLC
BY: /s/ David Brian Maycock
---------------------------
NAME: David Brian Maycock
TITLE: Director of Group Compliance
