UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13D-102)
INFORMATION STATEMENT
PURSUANT TO RULES 13D-1(b) AND (c)
AND AMENDMENTS THERETO
FILED PURSUANT TO 13D-2(b)
(AMENDMENT NO. )*
ASCENT PEDIATRICS
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
04362X10
(CUSIP Number)
*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).
<PAGE>
CUSIP NO. 04362X10 13G PAGE 2 OF 4 PAGES
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NEW YORK LIFE INSURANCE COMPANY
13-5582869
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
NUMBER OF SHARES 5. SOLE VOTING POWER 701,155
BENEFICIALLY OWNED
BY EACH REPORTING 6. SHARED VOTING POWER 0
PERSON WITH
7. SOLE DISPOSITIVE POWER 701,155
8. SHARED DISPOSITIVE POWER 0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 701,155
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.4%
12. TYPE OF REPORTING PERSON*
IC
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP NO. 04362X10 13G PAGE 3 OF 4 PAGES
Item 1(a) Name of issuer: ASCENT PEDIATRICS
Item 1(b) Address of issuer's principal executive offices:
187 BALLARDVALE STREET
SUITE 125
WILMINGTON, MA 01887
Item 2(a) Name of person filing: NEW YORK LIFE INSURANCE COMPANY
Item 2(b) Address of principal business office:
51 MADISON AVENUE, ROOM 206
NEW YORK, NY 10010
Item 2(c) Citizenship: NEW YORK
Item 2(d) Title of class of securities: COMMON STOCK
Item 2(e) Cusip No.: 04362X10
Item 3 Type of Person: INSURANCE COMPANY AS DEFINED IN SECTION
3(A)(19) OF THE ACT
Item 4(a) Amount beneficially owned:
Item 4(b) Percent of class: 10.4%
Item 4(c) (i) sole power to vote: 701,155
(ii) shared power to vote: 0
(iii) sole power to dispose: 701,155
(iv) shared power to dispose: 0
Item 5 Ownership of 5 percent or less of a class: NOT APPLICABLE
Item 6 Ownership of more than 5 percent on behalf
of another person: NOT APPLICABLE
Item 7 Identification and classification of
subsidiary: NOT APPLICABLE
Item 8 Identification and classification of
members of the group: NOT APPLICABLE
<PAGE>
CUSIP NO. 04362X10 13G PAGE 4 OF 4 PAGES
Item 9 Notice of dissolution of the 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 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.
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.
Dated: February 9, 1998 NEW YORK LIFE INSURANCE COMPANY
By /S/ RICHARD DRAKE
-----------------------------
Name: Richard Drake
Title: Director
