UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
EXPRESS SCRIPTS, INC.
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(NAME OF ISSUER)
CLASS A COMMON STOCK, PAR VALUE $.01 PER SHARE
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(TITLE OF CLASS AND SECURITIES)
302182 10 0
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(CUSIP NUMBER)
OCTOBER 12, 1998
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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:
( ) RULE 13D-1(B)
( ) RULE 13D-1(C)
(X) RULE 13D-1(D)
Schedule 13G
CUSIP No. 302182 10 0
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(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
New York Life Insurance Company
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(2) CHECK THE 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
New York
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(5) SOLE VOTING POWER
NUMBER OF 15,020,000
SHARES ------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY None
EACH REPORTING ------------------------------------------------
PERSON (7) SOLE DISPOSITIVE POWER
WITH 15,020,000
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(8) SHARED DISPOSITIVE POWER
None
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,020,000
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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)
44.7%
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(12) TYPE OF REPORTING PERSON
IC
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Schedule 13G
CUSIP No. 302182 10 0
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(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
NYLIFE Inc.
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(2) CHECK THE 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
New York
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(5) SOLE VOTING POWER
NUMBER OF 15,020,000
SHARES ------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY None
EACH REPORTING ------------------------------------------------
PERSON (7) SOLE DISPOSITIVE POWER
WITH 15,020,000
------------------------------------------------
(8) SHARED DISPOSITIVE POWER
None
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,020,000
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES /_/
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
44.7%
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(12) TYPE OF REPORTING PERSON
CO
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Schedule 13G
CUSIP No. 302182 10 0
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(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
NYLIFE Healthcare Management, Inc.
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(2) CHECK THE 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
Delaware
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(5) SOLE VOTING POWER
NUMBER OF 15,020,000
SHARES ------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY None
EACH REPORTING ------------------------------------------------
PERSON (7) SOLE DISPOSITIVE POWER
WITH 15,020,000
------------------------------------------------
(8) SHARED DISPOSITIVE POWER
None
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,020,000
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES /_/
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
44.7%
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(12) TYPE OF REPORTING PERSON
CO
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ITEM 1(A). NAME OF ISSUER:
Express Scripts, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
14000 Riverport Drive
Maryland Heights, MO 63043
ITEM 2(A). NAME OF PERSON FILING:
New York Life Insurance Company ("New York Life"); its wholly
owned subsidiary, NYLIFE, Inc. ("NYLIFE"); and NYLIFE's wholly
owned subsidiary, NYLIFE Healthcare Management, Inc.
("Healthcare").
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
51 Madison Avenue
New York, NY 10010
ITEM 2(C). CITIZENSHIP:
New York Life is a New York mutual insurance company; NYLIFE is
a New York corporation; and Healthcare is a Delaware
corporation.
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Class A Common Stock, par value $.01 per share
ITEM 2(E). CUSIP NUMBER:
302182 10 0
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), 13D-2(B),
CHECK WHETHER THE PERSON FILING IS A:
(a) ( ) Broker or dealer registered under Section 15 of the
Act,
(b) ( ) Bank as defined in Section 3(a)(6) of the Act,
(c) ( ) Insurance Company as defined under Section 3(a)(19) of
the Act,
(d) ( ) Investment Company registered under Section 8 of the
Investment Company Act,
(e) ( ) Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940,
(f) ( ) Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see 13d-
1(b)(1)(ii)(F),
(g) ( ) Parent Holding Company, in accordance with Rule 13d-
1(b)(ii)(G); see Item 7,
(h) ( ) Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
ITEM 4. OWNERSHIP. (*)
If the percent of the class owned, as of December 31 of the year
covered by the statement, or as of the last day of any month
described in Rule 13d-1(b)(2), if applicable, exceeds five
percent, provide the following information as of that date and
identify those shares which there is a right to acquire.
(a) Amount beneficially owned as of December 31, 1998:
15,020,000
(b) Percent of Class:
44.7%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 15,020,000
(ii) Shared power to vote or to direct the vote:
Not applicable
(iii) Sole power to dispose or to direct the disposition
of: 15,020,000
(iv) Shared power to dispose or to direct disposition
of: Not applicable
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(*) Healthcare is the beneficial owner of 15,020,000
shares (the "Shares") of Class B Common Stock, par value
$.01 per share, of the Issuer ("Class B Common Stock").
Shares of Class B Common Stock are convertible into
shares of Class A Common Stock on a share-for-share basis
at any time at the option of the holder. As a result,
upon conversion to shares of Class A Common Stock, the
shares of Class B Common Stock owned by Healthcare would
represent approximately 44.7% of the outstanding shares
of Class A Common Stock. NYLIFE owns all of the out-
standing capital stock of Healthcare and, as a result,
may be deemed the beneficial owner of the Shares. New
York Life owns all of the outstanding capital stock of
NYLIFE and, as a result, may be deemed the beneficial
owner of the Shares. This Amendment No. 1 is being filed
to report the effect of a two-for-one stock split of the
Issuer's Class A and Class B Common Stock for stockhold-
ers of record on October 20, 1998, effective October 30,
1998. The split was effected in the form of a dividend
by issuance of one additional share of Class A Common
Stock for each share of Class A Common Stock outstanding
and one additional share of Class B Common Stock for each
share of Class B Common Stock outstanding.
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 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.
Not applicable.
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.
NEW YORK LIFE INSURANCE COMPANY
By: /s/ Howard I. Atkins
__________________________
Name: Howard I. Atkins
Title: Executive Vice President
Dated: February 8, 1999
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.
NYLIFE INC.
By: /s/ Melbourne Nunes
__________________________
Name: Melbourne Nunes
Title: Senior Vice President
Dated: February 8, 1999
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.
NYLIFE HEALTHCARE MANAGEMENT, INC.
By: /s/ Howard I. Atkins
__________________________
Name: Howard I. Atkins
Title: Executive Vice President
Dated: February 8, 1999
