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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Name of Issuer: American Exploration Company
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Title of Class of Securities: Common Stock
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CUSIP Number: 025762808
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A fee is being paid with this statement.
(1) Name of Reporting Person: UNUM Corporation
I.R.S. Identification Number of Above Person: 01-0405657
(2) Member of a Group:
(a) Not Applicable
(b) Filing being made on behalf of Reporting
Person and subsidiaries, pursuant to Rule
13d-1(f)(1)
(3) SEC Use Only
(4) Place of Organization: Delaware
Number of Shares Beneficially Owned by Reporting Person with
(5) Sole Voting Power: None (See Exhibit A)
(6) Shared Voting Power: 799,438.4 (See Exhibit A)
(7) Sole Dispositive Power: None (See Exhibit A)
(8) Shared Dispositive Power 799,438.4 (See Exhibit A)
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(9) Aggregate Amount Beneficially Owned by Reporting Person:
799,438.4 shares (See Exhibit A)
(10) Aggregate Amount in Row (9) Excludes Certain Shares: Not Applicable
(11) Percent of Class Represented by Amount in Row (9): 6.77%
(12) Type of Reporting Person: HC (See Exhibit A)
Item 1.
(a) Name of Issuer:
American Exploration Company
(b) Address of Issuer's Principal Executive Offices:
1331 Lamar Street
Suite 900
Houston, TX 77010-3088
Item 2.
(a) Name of Person Filing:
UNUM Corporation
(b) Address of Principal Business Office:
2211 Congress Street
Portland, ME 04122
(c) Citizenship:
A Delaware corporation
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
025762808
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Item 3. This statement is filed pursuant to Rule 13d-1(b). The
person filing this statement is a parent holding company, in
accordance with Section 240.13d-1(b)(ii)(G). (See Exhibit A)
Item 4. Ownership:
(a) Number of Shares Beneficially Owned: 799,438.4 (See exhibit A)
(b) Percent of Class: 6.77%
(c) Number of shares as to which such person has
Sole power to vote or
to direct the vote None (See Exhibit A)
Shared power to vote or
to direct the vote 799,438.4 (See Exhibit A)
Sole power to dispose or
to direct disposition None (See Exhibit A)
Shared power to dispose
or to direct disposition 799,438.4 (See Exhibit A)
Item 5. Ownership of 5% or less of a class:
Not Applicable
Item 6. Ownership of More than 5% on Behalf of Another Person:
Not Applicable
Item 7. Identification and Classification of the Subsidiaries Which
Acquired the Security Being reported on By the Parent Holding Company:
See Exhibit A
Item 8. Identification and Classification of Members of the Group:
Not Applicable
Item 9. Notice of Dissolution of Group:
Not Applicable
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Item 10. Certification:
By signing below, UNUM Corporation certifies that, to the best of its
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 purposes or effect.
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief,
UNUM Corporation certifies that the information set forth in this statement
is true, complete and correct.
Date: February 1, 1996 (As of December 31, 1995)
UNUM Corporation
By /s/ Peter J. Moynihan
Peter J. Moynihan
Senior Vice President, Investments
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EXHIBIT A
Item 3. Status of Person Filing; Classification/Types of Subsidiaries:
Item 7. Identification and Classification of the Subsidiaries Which
Acquired the Security Being Reported on By the Parent Holding Company:
The security being reported on by UNUM Corporation in its capacity as
a parent holding company was acquired by its wholly-owned subsidiaries,
UNUM Life Insurance Company of America, an insurance corporation
organized and existing under the laws of the State of Maine, and First
UNUM Life Insurance Company, an insurance corporation organized and
existing under the laws of the State of New York, further information
regarding which subsidiaries is as follows:.
UNUM Life Insurance Company of America:
This subsidiary's I.R.S. identification number is 01-0278678.
The address of this subsidiary's principal executive office is the
same as that of the parent holding company.
As of December 31, 1995, this subsidiary held direct legal and
beneficial ownership of 696,901 shares of the common stock of American
Exploration Company which are part of the subject of this Schedule,
of which 648,524 shares are held in this Subsidiary's General Account
and 48,377 shares are held in a Separate Account.
First UNUM Life Insurance Company:
This subsidiary's I.R.S. identification number is 13-1898173.
The address of this subsidiary's principal executive office is
120 White Plains Road
Third Floor
Tarrytown, NY 10591
As of December 31, 1995, this subsidiary held direct legal and beneficial
ownership of 102,537.4 shares of the common stock of American Exploration
Company which are part of the subject of this Schedule.
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Each subsidiary is an insurance company as defined in Section 3(a)(19) of
the Act, and its classification or type for purposes of Item 3 is "IC".
To the best of its knowledge and belief and that of the parent holding
company, these shares were respectively acquired by each subsidiary 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 purposes
or effect.
The parent holding company filing this Schedule does not directly own
any security of the subject class, and no other direct or indirect
subsidiary of this parent holding company holds any security of the
subject class.
