<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )
National Steel Corporation
-------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
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(Title of class of securities)
637844309
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(CUSIP number)
Check the following box if a fee is being paid with this statement [X]
(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).
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CUSIP NO. 637844309 13G PAGE 2 OF 9 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Morgan Stanley, Dean Witter, Discover & Co.
IRS # 39-314-5972
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
The state of organization is Delaware.
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 2,131,539
------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER
2,310,139
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,310,139
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.90%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA, CO
- --------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3
CUSIP NO. 637844309 13G PAGE 3 OF 9 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Miller Anderson & Sherrerd LLP
IRS # 23-17441222
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
The state of organization is Delaware.
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 2,011,900
----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
----------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER
2,176,400
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,176,400
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.27%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA, CO
- --------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4
CUSIP NO. 637844309 13G PAGE 4 OF 9 PAGES
Item 1 (a) Name of Issuer
- ------------ -------------------
National Steel Corporation
Item 1 (b) Address of issuer's principal executive
- ------------ -------------------------------------------
offices
-------
4100 Edison Lakes Parkway
Mishawaka, IN 46545
Item 2 (a) Name of person filing
- ------------ --------------------------------------
(a Morgan Stanley, Dean Witter, Discover & Co.
(b) Miller Anderson & Sherrerd LLP
Item 2 (b) Principal business office
- ------------ --------------------------------------
(a) 1585 Broadway
New York, New York 10036
(b) 1 Tower Bridge Suite 1100
West Conshohocken, PA 19428
Item 2 (c) Citizenship
- ------------ -------------------
Incorporated by reference to Item 4 of the
cover page pertaining to each reporting
person.
Item 2 (d) Title of class of Securities
- ------------ --------------------------------------
Common Stock
Item 2 (e) Cusip No.
- ------------ -------------------
637844309
Item 3 (a) Morgan Stanley, Dean Witter, Discover & Co.
- ------------ is (e) an Investment Adviser
registered under section 203 of
the Investment Advisers Act of 1940.
(b) Miller Anderson & Sherrerd LLP is (e) an
Investment Adviser registered under Section
203 of the Investment Advisers Act of 1940.
Item 4 Ownership
- ------------ -------------------
Incorporated by reference to Items (5)
- (9) and (11) of the cover page.
<PAGE> 5
CUSIP NO. 637844309 13G PAGE 5 OF 9 PAGES
Item 5 Ownership of 5 Percent or Less of a Class
- --------- -------------------------------------------------
Inapplicable
Item 6 Ownership of More than 5 Percent on Behalf of
- --------- -----------------------------------------------------
Another Person
---------------
Accounts managed on a discretionary basis by Miller,
Anderson & Sherrerd, LLP, a wholly-owned subsidiary
of Morgan Stanley, Dean Witter, Discover & Co., are
known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds
from the sale of such securities. No such account
holds more than 5 percent of the class.
Item 7 Identification and Classification of the
- --------- -------------------------------------------------
Subsidiary Which Acquired the Security Being
-------------------------------------------------
Reported on By the Parent Holding Company
-------------------------------------------------
Inapplicable
Item 8 Identification and Classification of Members
- --------- ------------------------------------------------
of the Group
--------------
Inapplicable
Item 9 Notice of Dissolution of Group
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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.
<PAGE> 6
CUSIP NO. 637844309 13G PAGE 6 OF 9 PAGES
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 : December 8, 1997
Signature : /s/ Donald P. Ryan
----------------------------------------------
Name / Title : Donald P. Ryan / Vice President Morgan Stanley
Asset Management Inc.
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MILLER ANDERSON & SHERRERD LLP
Date : December 8, 1997
Signature : /s/ Bruce Bromberg
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Name / Title : Bruce Bromberg / Morgan Stanley & Co.,
Incorporated
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MORGAN STANLEY, DEAN WITTER, DISCOVER & CO.
INDEX TO EXHIBITS PAGE
EXHIBIT 1 Agreement to Make a Joint Filing 7
-----------
EXHIBIT 2 Secretary's Certificate Authorizing Bruce Bromberg 8
----------- to Sign on behalf of Morgan Stanley, Dean Witter,
Discover & Co.
EXHIBIT 3 Secretary's Certificate Authorizing Donald P. Ryan 9
----------- to Sign on behalf of Miller Anderson & Sherrerd LLP
<PAGE> 1
CUSIP NO. 637844309 13G PAGE 7 OF 9 PAGES
EXHIBIT 1 TO SCHEDULE 13G
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DECEMBER 8, 1997
----------------------------------------------
MORGAN STANLEY, DEAN WITTER, DISCOVER & CO. and MILLER
ANDERSON & SHERRERD, LLP. hereby agree that, unless differentiated,
this Schedule 13G is filed on behalf of each of the parties.
MILLER ANDERSON & SHERRERD LLP
BY: /s/ Donald P. Ryan
----------------------------------------------------------------------
Donald P. Ryan / Vice President Morgan Stanley Asset Management Inc.
MORGAN STANLEY, DEAN WITTER, DISCOVER & CO.
BY: /s/ Bruce Bromberg
----------------------------------------------------------------------
Bruce Bromberg / Morgan Stanley & Co., Incorporated
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Page 8 of 9 Pages
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EXHIBIT 2
MORGAN STANLEY
SECRETARY'S CERTIFICATE
I, Charlene R. Herzer, a duly elected and acting Assistant
Secretary of Morgan Stanley, Dean Witter, Discover & Co., a corporation
organized and existing under the laws of the State of Delaware (the
"Corporation"), certify that as approved by a Unanimous Consent of Directors in
Lieu of a Meeting dated as of May 31, 1997, the following persons are each
authorized to sign reports to be filed under Sections 13 nd 16 of the
Securities Exchange Act of 1934 on behalf of the Corporation, and such
authorizations are in full force and effect as of this date:
Stuart J. M. Breslow
Robert G. Koppenol
Bruce Bromberg
Robin Sherak
IN WITNESS WHEREOF, I have hereunto set my name and affixed
the seal of the Corporation as of the 3rd day of June, 1997.
/S/ Charlene R. Herzer
------------------------------------
CHARLENE R. HERZER
ASSISTANT SECRETARY
[SEAL]
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Page 9 of 9 Pages
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SECRETARY'S CERTIFICATE
I, Charlene R. Herzer, a duly elected and acting Assistant Secretary
of Morgan Stanley Asset Management Holdings Inc., a corporation organized and
existing under the laws of the State of Delaware (the "Corporation"), certify
that the following resolutions were duly and validly adopted by a Consent in
Lieu of a Meeting of the Board of Directors of the Corporation dated as of
February 4, 1997 and that resolutions are in full force and effect on the date
hereof:
RESOLVED, that Harold J. Schaaff, Jr. and Donald P. Ryan are each
authorized to sign on behalf of (i) Morgan Stanley Asset Management
Holdings Inc. (the "Corporation"), as the sole general partner of Miller
Anderson & Sherrerd, LLP (the "LLP"), and (ii) the LLP any reports to be
filed under Section 13 and Section 16 of the Securities Exchange Act of
1934, as amended, and the rules and regulations thereunder, with the
Securities and Exchange Commission, each such authorization to cease
automatically upon such individual's termination of employment with any
affiliate of the Corporation; and
RESOLVED FURTHER, that all prior actions taken by Harold J. Schaaff,
Jr. and Donald P. Ryan that are within the authority conferred by the
foregoing resolution are approved, ratified and confirmed in all respects;
and
RESOLVED FURTHER, that any and all actions to be taken, caused to be
taken or heretofore taken by any officer of the Corporation in executing
any and all documents, agreements and instruments and in taking any and all
steps (including the payment of all expenses) deemed by such officer as
necessary or desirable to carry out the intents and purposes of the
foregoing resolutions are authorized, ratified and confirmed.
IN WITNESS WHEREOF, I have hereunto set my name and affixed the seal
of the Corporation as of the 11th day of February, 1997.
/s/ CHARLENE R. HERZER
----------------------
CHARLENE R. HERZER
ASSISTANT SECRETARY
[SEAL]
