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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
Greenwich Street California Municipal Fund, Inc.
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(Name of Issuer)
COMMON STOCK
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(Title of Class Securities)
397009101
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(CUSIP Number)
OCTOBER 31, 2000
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(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)
*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
disclosure 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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Page 2 of 8 Pages
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CUSIP NO. 397009101
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1 NAME OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
STEVENSON CAPITAL MANAGEMENT
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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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CITIZENSHIP OR PLACE OF ORGANIZATION
4 CALIFORNIA
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5 SOLE VOTING POWER
409,600
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NUMBER OF 6 SHARED VOTING POWER
SHARES 0
BENEFICIALLY ----------------------------------------------------------------
OWNED BY EACH 7 SOLE DISPOSITIVE POWER
REPORTING 409,600
PERSON WITH ----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
409,600
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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)
11.20%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
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Page 3 of 8 pages
ITEM 1.
(a) Name of Issuer
Greenwich Street California Municipal Fund Inc.
(b) Address of Issuer's Principal Executive Office
125 Broad Street
New York, NY 10004
ITEM 2.
(a) Name of Person Filing
This statement is being filed by Stevenson Capital Management, a
registered investment adviser ("IA"), and Walter Stevenson, the sole
proprietor thereof (together, the "Reporting Persons").
IA's beneficial ownership of the Common Stock is direct as a result of
IA's discretionary authority to buy, sell, and vote shares of such
Common Stock for its investment advisory clients. Mr. Stevenson's
beneficial ownership of Common Stock is a result of his control of IA.
The beneficial ownership of Mr. Stevenson is reported solely because
Rules 13d-1(a) and (b) under the Securities Exchange Act of 1934, as
amended, require any person who is "directly or indirectly" the
beneficial owner of more than five percent of any equity security of a
specified class to file a Schedule 13G within the specified time
period. The answers in blocks 5, 7, 9 and 11 above and in responses to
item 4 are given on the basis of the "indirect" beneficial ownership
referred to in such Rule, based on the direct beneficial ownership of
Common Stock by IA and the relationship of Mr. Stevenson to IA
referred to above.
Information with respect to each Reporting Person is given solely by
the respective Reporting Person, and no Reporting Person undertakes
hereby any responsibility for the accuracy or completeness of such
information concerning any other Reporting Person.
(b) Address of Principal Business Office or, if none, Residence
IA's Principal Business Office is located at:
2420 Sand Hill Road, Suite 101
Menlo Park, California 94025
Mr. Stevenson's Principal Business Office is located at:
2420 Sand Hill Road, Suite 101
Menlo Park, California 94025
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Page 4 of 8 pages
(c) Citizenship
IA is a California sole proprietorship
Mr. Stevenson is a United States citizen
(d) Title of Class of Securities
Common
(e) CUSIP Number
397009101
ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13d(b) OR
240.13d-2(b) OR (C), CHECK WHETHER the PERSON FILING IS A:
(a) / / Broker or dealer registered under section 15 of the Act (15
U.S.C. 78o).
(b) / / Bank as defined in section 3(a)(6) of the Act
(15 U.S.C. 78c)
(c) / / Insurance Company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) / / Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) /X/ An investment adviser in accordance with Section
240.13D-1(b)(1)(ii)(E);
(f) / / An employee benefit plan or endowment fund in accordance
with Section 240.13d-1(b)(10(ii)(F);
(g) / / A parent holding company or control person in accordance
with Section 240.13d-1(b)(1)(iii)(G);
(h) / / A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813)
(i) / / A church plan that is excluded from the definition of an
investment company under section 3(c)(114) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3):
(j) / / Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).
ITEM 4. OWNERSHIP
Common Stock:
(a) Amount Beneficially Owned: 11.20%
(b) Percent of Class: 11.20%
(c) Number of shares as to which the joint filers have:
(i) sole power to vote or to direct the vote: 409,600
(ii) shared power to vote of to direct the vote: 0
(iii) sole power to dispose or to direct the
disposition of: 409,600
(iv) shared power to dispose of or to direct the
disposition of: 0
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Page 5 of 8 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
IA, a registered investment adviser, and Mr. Stevenson have the
right or the power to direct the receipt of dividends from Common
Stock, and to direct the receipt of proceeds from the sale of
Common Stock to IA's investment advisory clients. No single
investment advisory client of IA owns more than 5% of the Common
Stock.
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable
ITEM 9 NOTICE OF DISSOLUTION OF GROUP
Not applicable.
ITEM 10. CERTIFICATION
(a) The following certification shall be included if the statement
is filed pursuant to 240.13d-1 (b):
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.
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Page 6 of 8 pages
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: October 31, 2000
Stevenson Capital Management
By: /s/ Walter P. Stevenson
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Page 7 of 8 pages
IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Pursuant to Rule 13d-1(b)(ii)(J) and Rule 13d-1(k)(1) under the Securities and
Exchange Act of 1934, the members of the group making this joint filing are
identified and classified as follows:
NAME CLASSIFICATION
Not applicable. Not applicable.
