SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. VII)
Carrington Laboratories, Inc.
(Name of Issuer)
Common
(Title of Class of Securities)
144525-10-2
(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the filing person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*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).
(Continued on following pages(s))
<PAGE>
SCHEDULE 13G
CUSIP NO. 144525-10-2
- --------------------------------------------------------------------------------
1) Name of Reporting Person American Capital Asset Management, Inc.
S.S. or I.R.S Identification 13-5130700
No. of Above Person
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
if a Member of a Group ----------------------------
(See Instructions) (b)
----------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization Delaware
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 329,000
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 329,000
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 329,000
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 4.5%
- --------------------------------------------------------------------------------
12) Type of Reporting Person IA
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
CUSIP NO. 144525-10-2
- --------------------------------------------------------------------------------
1) Name of Reporting Person American Capital Pace Fund, Inc.
S.S. or I.R.S Identification 95-6240369
No. of Above Person
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
if a Member of a Group ----------------------------
(See Instructions) (b)
----------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization Delaware
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 329,000
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 329,000
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 329,000
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 4.5%
- --------------------------------------------------------------------------------
12) Type of Reporting Person IV
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
CUSIP NO. 144525-10-2
- --------------------------------------------------------------------------------
1) Name of Reporting Person American Capital Management & Research,
S.S. or I.R.S Identification Inc.
No. of Above Person 74-1623159
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
if a Member of a Group ----------------------------
(See Instructions) (b)
----------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization Delaware
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 329,000
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 329,000
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 329,000
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 4.5%
- --------------------------------------------------------------------------------
12) Type of Reporting Person HC
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
CUSIP NO. 144525-10-2
- --------------------------------------------------------------------------------
1) Name of Reporting Person Associated Madison Companies, Inc.
S.S. or I.R.S Identification 13-3140258
No. of Above Person
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
if a Member of a Group ----------------------------
(See Instructions) (b)
----------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization Delaware
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 329,000
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 329,000
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 329,000
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 4.5%
- --------------------------------------------------------------------------------
12) Type of Reporting Person HC
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
CUSIP NO. 144525-10-2
- --------------------------------------------------------------------------------
1) Name of Reporting Person The Travelers Inc. (formerly Primerica
S.S or I.R.S Identification Corporation)
No. of Above Person 52-1568099
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
if a Member of a Group ----------------------------
(See Instructions) (b)
----------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization Delaware
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 6,600
Beneficially Owned (6) Shared Voting Power 329,000
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 375,000
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 375,000
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 5.1%
- --------------------------------------------------------------------------------
12) Type of Reporting Person HC
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
Item 1(a) Name of Issuer:
Carrington Laboratories, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
2001 Walnut Hill Lane
Irving, Texas 75038
Item 2(a) Names of Persons Filing:
See cover pages
Item 2(b) Address of Principal Business Office or, if none, Residence:
The Travelers Inc.
65 East 55th Street
New York, NY 10022
Associated Madison Companies, Inc.
65 East 55th Street
New York, NY 10022
American Capital Management & Research, Inc.
2800 Post Oak Boulevard
Houston, TX 77056
American Capital Asset Management, Inc.
2800 Post Oak Boulevard
Houston, TX 77056
American Capital Pace Fund, Inc.
2800 Post Oak Boulevard
Houston, TX 77056
Item 2(c) Citizenship:
See cover page
Item 2(d) Title of Class of Securities:
Common
<PAGE>
Item 2(e) CUSIP Number:
144525-10-2
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Sec. 15 of the Act
(b) [ ] Bank as defined in Sec. 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in Sec. 3(a)(19) of the Act
(d) [X] Investment Company registered under Sec. 8 of the Investment
Company Act
(e) [X] Investment Adviser registered under Sec. 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
Sec. 240.13d-1(b)(1)(ii)(F)
(g) [X] Parent Holding Company, in accordance with Sec. 240.13d-
1(b)(ii)(G) (Note: See Item 7)
(h) [ ] Group, in accordance with Sec. 240.13d-1(b)(1)(ii)(H)
Item 4. Ownership (as of December 31, 1993)1
(a) Amount Beneficially Owned: See Item 9 of cover pages
(b) Percent of Class: See Item 11 of cover pages
(c) Number of shares as to which such person has:
--------------------
(1) Pursuant to an Investment Advisory Agreement between a
mutual fund or funds, and certain wholly-owned subsidiaries of
The Travelers Inc., The Travelers Inc. and Associated Madison
Companies, Inc. may be deemed indirectly to have the power to
vote or to direct the vote and to dispose or direct the
disposition of common stock held by such mutual fund. However,
as permitted by Rule 13d-4, The Travelers Inc. and Associated
Madison Companies, Inc. disclaim beneficial ownership of the
shares held by the mutual funds.
<PAGE>
(i) sole power to vote or to direct the vote
(ii) shared power to vote or to direct the vote
(iii) sole power to dispose or to direct the disposition of
(iv) shared power to dispose or to direct the disposition of
See Items 5-8 of cover 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 [X].
Following this filing, only The Travelers Inc. will continue to be subject
to reporting.
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
American Capital Asset Management, Inc. is the Investment Adviser for
American Capital Pace Fund, Inc.; American Capital Management & Research,
Inc. is the sole shareholder of American Capital Asset Management, Inc.;
Associated Madison Companies, Inc. and The Travelers Inc. own all the
outstanding common stock of American Capital Management & Research, Inc.;
The Travelers Inc. owns all the outstanding common stock of Associated
Madison Companies, Inc.
Item 8. Identification and Classification of Members of the Group
Not Applicable.
Item 9. Notice of Dissolution of Group
Not Applicable.
<PAGE>
Item 10. Certification
By signing below I certify that, to the best of my knowledge, 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 my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: February 1, 1994
AMERICAN CAPITAL MANAGEMENT & RESEARCH, INC.
By: /s/ J. David Wise
------------------------------------------
Name: J. David Wise
Title: Authorized Signatory
AMERICAN CAPITAL ASSET MANAGEMENT, INC.
By: /s/ J. David Wise
------------------------------------------
Name: J. David Wise
Title: Authorized Signatory
AMERICAN CAPITAL PACE FUND, INC.
By: /s/ J. David Wise
------------------------------------------
Name: J. David Wise
Title: Authorized Signatory
<PAGE>
ASSOCIATED MADISON COMPANIES, INC.
By: /s/ Charles J.Gallo, Jr.
--------------------------------------------
Name: Charles J. Gallo, Jr.
Title: Vice President and
Controller
THE TRAVELERS INC.
By: /s/ Mary Barnes Jenkins
------------------------------------------
Name: Mary Barnes Jenkins
Title: Assistant Secretary
<PAGE>
EXHIBIT INDEX TO SCHEDULE 13G
-----------------------------
EXHIBIT 1
- ---------
Agreement among the parties
as to joint filing of Schedule 13G
EXHIBIT 1
---------
AGREEMENT AS TO JOINT FILING OF SCHEDULE 13G
--------------------------------------------
Each of the undersigned hereby affirms that it is individually eligible to use
Schedule 13G, and agrees that this Schedule 13G is filed on its behalf.
Date: February 1, 1994
AMERICAN CAPITAL MANAGEMENT & RESEARCH, INC.
By: /s/ J. David Wise
------------------------------------------
Name: J. David Wise
Title: Authorized Signatory
AMERICAN CAPITAL ASSET MANAGEMENT, INC.
By: /s/ J. David Wise
------------------------------------------
Name: J. David Wise
Title: Authorized Signatory
AMERICAN CAPITAL PACE FUND, INC.
By: /s/ J. David Wise
------------------------------------------
Name: J. David Wise
Title: Authorized Signatory
<PAGE>
ASSOCIATED MADISON COMPANIES, INC.
By: /s/ Charles J.Gallo, Jr.
--------------------------------------------
Name: Charles J. Gallo, Jr.
Title: Vice President and
Controller
THE TRAVELERS INC.
By: /s/ Mary Barnes Jenkins
------------------------------------------
Name: Mary Barnes Jenkins
Title: Assistant Secretary
