CARRINGTON LABORATORIES INC /TX/
SC 13G/A, 1995-01-27
PHARMACEUTICAL PREPARATIONS
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934

                               (Amendment No. 8)

                          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           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                              40,000
by Each Reporting   (7)  Sole Dispositive Power                                0
Person with         (8)  Shared Dispositive Power                         40,000

- --------------------------------------------------------------------------------

9)   Aggregate Amount Beneficially
     Owned by Each Reporting Person                                       40,000

- --------------------------------------------------------------------------------

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%

- --------------------------------------------------------------------------------

12)  Type of Reporting Person                                                 HC
     (See Instructions)

- --------------------------------------------------------------------------------



















<PAGE>





                                  SCHEDULE 13G

CUSIP NO.   144525-10-2

- --------------------------------------------------------------------------------

1)   Name of Reporting Person           The Travelers Inc. 
     S.S  or I.R.S Identification       52-1568099
     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                              40,000
by Each Reporting   (7)  Sole Dispositive Power                                0
Person with         (8)  Shared Dispositive Power                         40,000

- --------------------------------------------------------------------------------

9)   Aggregate Amount Beneficially
     Owned by Each Reporting Person                                       40,000

- --------------------------------------------------------------------------------

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%

- --------------------------------------------------------------------------------

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


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)  [ ]  Investment Company registered under Sec. 8 of the Investment
                    Company Act

          (e)  [ ]  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, 1994)

          (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:












<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]. (1)


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

     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.




    ---------------------

    (1)  In Mid-December of 1994, TRV had sold off American Capital Management
         & Research Inc. (includes American Capital Asset Management, Inc. & 
         American Capital Pace Fund, Inc.)












<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: January 27, 1995





                       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/ Charles J. Gallo, Jr.
                          ------------------------------------------
                       Name:  Charles J. Gallo Jr.
                       Title:   Assistant Controller












































<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: January 27, 1995



                     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/ Charles J. Gallo, Jr.
                        ------------------------------------------
                     Name:  Charles J. Gallo, Jr.
                     Title:   Assistant Controller















































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