SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
CAREER EDUCATION CORPORATION
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(Name of Issuer)
COMMON STOCK, PAR VALUE $.01
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(Title of Class of Securities)
141665109
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(CUSIP Number)
DECEMBER 31, 1999
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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)
PAGE 1 OF 9
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CUSIP No. 141665109
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1 NAME OF REPORTING PERSON: Bank of America Corporation
IRS IDENTIFICATION NO. OF ABOVE PERSON: 560906609
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2 CHECK 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: United States
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH:
5 Sole Voting Power: 0
6 Shared Voting Power: 475,500
7 Sole Dispositive Power: 0
8 Shared Dispositive Power: 475,500
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
475,500
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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: 6.07%
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12 TYPE OF REPORTING PERSON: HC
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PAGE 2 OF 9
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CUSIP No. 141665109
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1 NAME OF REPORTING PERSON: NB Holdings Corporation
IRS IDENTIFICATION NO. OF ABOVE PERSON:
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2 CHECK APPROPRIATE BOX IF MEMBER OF A GROUP: (a)[](b)[]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH:
5 Sole Voting Power: 0
6 Shared Voting Power: 475,500
7 Sole Dispositive Power: 0
8 Shared Dispositive Power: 475,500
- -------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
475,500
- -------------------------------------------------------------
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: 6.07%
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12 TYPE OF REPORTING PERSON: HC
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PAGE 3 OF 9
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CUSIP No. 141665109
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1 NAME OF REPORTING PERSON: Bank of America, N.A.
IRS IDENTIFICATION NO. OF ABOVE PERSON:
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2 CHECK APPROPRIATE BOX IF MEMBER OF A GROUP: (a)[](b)[]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH:
5 SOLE VOTING POWER: 46,600
6 SHARED VOTING POWER: 428,900
7 SOLE DISPOSITIVE POWER: 46,600
8 SHARED DISPOSITIVE POWER: 428,900
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
475,500
- -------------------------------------------------------------
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: 6.07%
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12 TYPE OF REPORTING PERSON: BK
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PAGE 4 OF 9
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CUSIP No. 141665109
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1 NAME OF REPORTING PERSON:
TradeStreet Investment Associates, Inc.
IRS IDENTIFICATION NO. OF ABOVE PERSON:
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2 CHECK APPROPRIATE BOX IF MEMBER OF A GROUP: (a)[](b)[]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH:
5 SOLE VOTING POWER: 428,900
6 SHARED VOTING POWER: 0
7 SOLE DISPOSITIVE POWER: 428,900
8 SHARED DISPOSITIVE POWER: 0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
428,900
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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: 5.47%
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12 TYPE OF REPORTING PERSON: IA
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PAGE 5 OF 9
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ITEM 1 (a) NAME OF ISSUER:
Career Education Corporation
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
2800 West Higgins Road
Suite 790
Hoffman Estates, IL 60195
ITEM 2 (a) NAMES OF PERSONS FILING:
Bank of America Corporation
Bank of America, N.A.
NB Holdings Corporation
TradeStreet Investment Associates, Inc.
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICES:
100 North Tryon Street
Charlotte, NC 28255
(c) CITIZENSHIP:
United States
(d) TITLE OF CLASS OF SECURITIES:
COMMON STOCK, PAR VALUE $.01
(e) CUSIP NUMBER: 141665109
ITEM 3 - IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b)
OR 13d-2(b)OR (c), CHECK WHETHER THE PERSON FILING IS A:
(g) [x] A parent holding company or control person in accordance
with(S)240.13d-1(b)(1)(ii)(G)
ITEM 4 - OWNERSHIP
With respect to the beneficial ownership of each reporting person,
see Items 5 through 8 of the cover pages to this Schedule 13G
applicable to each such person (pp. 2-5), which are incorporated
herein by reference.
PAGE 6 OF 9
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ITEM 5 - OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not Applicable.
ITEM 6 - OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON:
Not Applicable.
ITEM 7 - IDENTIFICATION OF THE SUBSIDIARIES WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Bank of America, N.A.
NB Holdings Corporation
TradeStreet Investment Associates, Inc.
ITEM 8 - IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE
GROUP:
Not Applicable.
ITEM 9 - NOTICE OF DISSOLUTION OF GROUP:
Not Applicable.
PAGE 7 OF 9
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ITEM 10 - CERTIFICATION.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above 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.
After reasonable inquiry and to the best of my knowledge and
belief, the undersigned certify that the information set forth
in this statement is true, complete and correct.
DATED: February 1, 2000
Bank of America Corporation
Bank of America, N.A.
NB Holdings Corporation
TradeStreet Investment Associates, Inc.
BY: /s/ PETER J. BROWN
Peter J. Brown
Vice President
Corporate Compliance
PAGE 8 OF 9
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EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that they are filing this
statement jointly pursuant to Rule 13d-1(k)(1). Each of
them is responsible for the timely filing of such Schedule
13G and any amendments thereto, and for the completeness and
accuracy of the information concerning such person contained
therein; but none of them is responsible for the completeness
or accuracy of the information concerning the other persons
making the filing, unless such person knows or has reason to
believe that such information is inaccurate.
DATE: February 1, 2000
Bank of America Corporation
Bank of America, N.A.
NB Holdings Corporation
TradeStreet Investment Associates, Inc.
BY: /s/ PETER J. BROWN
Peter J. Brown
Vice President
Corporate Compliance
PAGE 9 OF 9
