FIGGIE INTERNATIONAL INC /DE/
SC 13G/A, 1995-09-11
GENERAL INDUSTRIAL MACHINERY & EQUIPMENT
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<PAGE>
 
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549


                                 SCHEDULE 13G
            Information Statement Pursuant to Rules 13d-1 and 13d-2
                                Amendment No. 3


                          Figgie International , Inc.
                    ---------------------------------------
                                (Name of Issuer)



               Class A  Common Stock, par value $.10 per share
        --------------------------------------------------------------
                         (Title of Class of Securities)



                                   316828508
                                ---------------
                                 (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.)



                         (Continued on following pages)

                               Page 1 of 6 pages
<PAGE>
 
-------------------------
CUSIP NO.
316828508
-------------------------
--------------------------------------------------------------------------------
1.   Name of Reporting Person
     S.S. or I.R.S. Identification No. of Above Person

     The Goldman Sachs Group, L.P.
--------------------------------------------------------------------------------
2.   Check the Appropriate Box if a Member of a Group

                                                   (a) _____
                                                   (b) _____
--------------------------------------------------------------------------------
3.   SEC Use Only

--------------------------------------------------------------------------------
4.   Citizenship or place of Organization
 
        Delaware
--------------------------------------------------------------------------------
Number of       5  Sole Voting Power
Shares
Beneficially           0
Owned By        ---------------------------
Each            6  Shared Voting Power
Reporting  
Person With            580,400
                ---------------------------
                7  Sole Dispositive Power

                       0
                ---------------------------
                8  Shared Dispositive Power

                       580,400
                ---------------------------
9.   Aggregate Amount Beneficially Owned by Each Reporting Person

         580,400
--------------------------------------------------------------------------------
10.  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

--------------------------------------------------------------------------------
11.  Percent of Class Representing by Amount in Row (9)

         4.3%
--------------------------------------------------------------------------------
12.  Type of Reporting Person

         HC-PN
-------------------------------------------------------------------------------

                               Page 2 of 6 pages
<PAGE>
 
-------------------------
CUSIP NO.
316828508
-------------------------
--------------------------------------------------------------------------------
1.   Name of Reporting Person
     S.S. or  I.R.S. Identification No. of  Above Person

     Goldman, Sachs & Co.
--------------------------------------------------------------------------------
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       5  Sole Voting Power
Shares
Beneficially           0
Owned By        ---------------------------
Each            6  Shared Voting Power
Reporting  
Person With            580,400
                ---------------------------
                7  Sole Dispositive Power

                       0
                ---------------------------
                8  Shared Dispositive Power

                       580,400
                ---------------------------
9.   Aggregate Amount Beneficially Owned by Each Reporting Person

         580,400
--------------------------------------------------------------------------------
10.  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

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

11.  Percent of Class Representing by Amount in Row (9)

         4.3%
--------------------------------------------------------------------------------
12.  Type of Reporting Person

         BD-PN-IA
--------------------------------------------------------------------------------

                               Page 3 of 6 pages
<PAGE>
 
-------------------------
CUSIP NO.
316828508
-------------------------
--------------------------------------------------------------------------------
1.   Name of Reporting Person
     S.S. or I.R.S. Identification No. of Above Person
     Goldman Sachs Equity Portfolios, Inc. on behalf
     Goldman Sachs Small Cap Equity Fund
--------------------------------------------------------------------------------
2.   Check the Appropriate Box if a Member of a Group

                                                   (a) _____
                                                   (b) _____
--------------------------------------------------------------------------------
3.   SEC Use Only

--------------------------------------------------------------------------------
4.   Citizenship or place of Organization
 
        Maryland
--------------------------------------------------------------------------------
Number of       5  Sole Voting Power
Shares
Beneficially           0
Owned By        ---------------------------
Each            6  Shared Voting Power
Reporting  
Person With            509,800
                --------------------------- 
                7  Sole Dispositive Power
                       0
                ---------------------------  
                8  Shared Dispositive Power

                       509,800
                ---------------------------  
9.   Aggregate Amount Beneficially Owned by Each Reporting Person

         509,800
--------------------------------------------------------------------------------
10.  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

--------------------------------------------------------------------------------
11.  Percent of Class Representing by Amount in Row (9)

         3.7%
--------------------------------------------------------------------------------
12.  Type of Reporting Person

         IC
--------------------------------------------------------------------------------

                               Page 4 of 6 pages
<PAGE>
 
     Item 4.   Ownership.

           (a).  Amount beneficially owned:
                 See the responses(s) to Item 9 on the attached cover pages(s).

           (b).  Percent of class:
                 See the response(s) to Item 11 on the attached cover pages(s).

           (c).  Number of shares as to which such person has:

               (i)  Sole power to vote or to direct the vote:
                         See the response(s) to Item 5 on the attached cover
                         page(s).

               (ii) Shared power to vote or direct the vote:
                         See the response(s) to Item 6 on the attached cover
                         page(s).

               (iii)  Sole power to dispose or to direct the disposition of:
                         See the response(s) to Item 7 on the attached cover
                         page(s).

               (iv) Shared power to dispose or to direct the disposition of:
                         See the response(s) to Item 8 on the attached cover
                         page(s).

     Item 5.   Ownership of Five Percent or Less of a Class.
                    August 11, 1995


     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.

                               Page 5 of 6 pages
<PAGE>
 
                                   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:  September 8, 1995

GOLDMAN SACHS EQUITY PORTFOLIOS,         THE GOLDMAN SACHS GROUP, L.P.
INC. on Behalf of Goldman Sachs Small
Cap Equity Fund                          By:   /s/ Robert J. Katz
                                            ---------------------------
                                         Name:  Robert J. Katz
By:  /s/ Howard B. Surloff               Title: General Partner
   --------------------------------                             
Name:  Howard B. Surloff
Title: Assistant Secretary               GOLDMAN, SACHS & CO.

                                         By:  /s/ Ellen R. Porges
                                            ---------------------------
                                         Name:  Ellen R. Porges
                                         Title: Vice President

                               Page 6 of 6 pages


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