UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
LADD FURNITURE, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
50573920
(CUSIP Number)
December 31 , 1998
(Date of Event Which Requires Filing of This Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
[x] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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. 50573920 SCHEDULE 13G Page 2 of 6
1 Name Of Reporting Person VERISSIMO RESEARCH & MANAGEMENT, INC.
IRS Identification No. Of Above Person
2 Check The Appropriate Box If A Member Of A Group (a) [ ]
N/A (b) [ ]
3 SEC USE ONLY
4 Citizenship Or Place Of Organization
California, United States
5 Sole Voting Power
-0-
NUMBER OF
SHARES 6 Shared Voting Power
BENEFICIALLY
OWNED BY EACH -0-
REPORTING 7 Sole Dispositive Power
PERSON WITH
-0-
8 Shared Dispositive Power
-0-
9 Aggregate Amount Beneficially Owned By Each Reporting Person
-0-
10 Check Box If The Aggregate Amount In Row (9) Excludes Certain
Shares* [ ]
11 Percent Of Class Represented By Amount In Row 9
0%
12 Type Of Reporting Person*
IA<PAGE>
CUSIP No. 50573920 SCHEDULE 13G Page 3 of 6
1 Name Of Reporting Person RONALD S. SLOAN
IRS Identification No. Of Above Person
2 Check The Appropriate Box If A Member Of A Group (a) [ ]
N/A
(b) [ ]
3 SEC USE ONLY
4 Citizenship Or Place Of Organization
United States
5 Sole Voting Power
-0-
NUMBER OF
SHARES 6 Shared Voting Power
BENEFICIALLY
OWNED BY EACH -0-
REPORTING
PERSON WITH 7 Sole Dispositive Power
-0-
8 Shared Dispositive Power
-0-
9 Aggregate Amount Beneficially Owned By Each Reporting Person
-0-
10 Check Box If The Aggregate Amount In Row (9) Excludes Certain
Shares*
11 Percent Of Class Represented By Amount In Row 9
0%
12 Type Of Reporting Person*
IN<PAGE>
CUSIP No. 50573920 13G Page 4 of 6 Pages
Item 1(a). Name of Issuer.
LADD Furniture, Inc. (the "Issuer").
Item 1(b). Address of Issuer's Principal Executive
Offices.
One Plaza Center-Box HP3
High Point, NC 27261-1500
Item 2(a). Names of Persons Filing.
Verissimo Research & Management, Inc.
("Verissimo"), Ronald S. Sloan.
Item 2(b). Address of Principal Business Office or, if
none, Residence.
The business address of Verissimo and Ronald S.
Sloan is P.O. Box 1551, Novato, CA 94948.
Item 2(c). Citizenship.
Verissimo is a California corporation and Ronald S.
Sloan is a citizen of the United States.
Item 2(d). Title of Class of Securities.
Common Stock ("Common Stock").
Item 2(e). CUSIP Number.
50573920
Item 3. Type of Reporting Person.
Verissimo is an investment advisor registered under
Section 203 of the Investment Advisers Act of 1940.
Ronald S. Sloan is its president and its sole
shareholder.
Item 4. Ownership.
See Items 5 through 9 and Item 11 of the cover
pages incorporated herein by reference. <PAGE>
CUSIP No. 50573920 13G Page 5 of 6 Pages
Item 5. Ownership of Five Percent or Less of a Class.
Verissimo and Ronald S. Sloan have each ceased to
be a beneficial owner of more than five percent of
the outstanding Common Stock of the issuer.
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.
By signing below, each of the undersigned
certifies that, to the best of his knowledge and belief, the
securities referred to above were acquired and are held in
the ordinary course of business and were not acquired and are
not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and
were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.<PAGE>
CUSIP No. 50573920 13G Page 6 of 6 Pages
Signatures
After reasonable inquiry and to the best of my
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete and
correct.
VERISSIMO RESEARCH & MANAGEMENT, INC.
By:/s/ Ronald S. Sloan
_________________________________
Title: President
DATED: July 15, 1998
/s/ Ronald S. Sloan
____________________________________
RONALD S. SLOAN
DATED: July 15, 1998<PAGE>
