SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Navistar International Corp.
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(Name of Issuer)
Common Stock, $.10 Par Value
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(Title of Class of Securities)
63934E108
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(CUSIP Number)
*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 page(s))
Page 1 of 5 Pages
<PAGE>
CUSIP NO. 63934E108 13G Page 2 of 5 Pages
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
David J. Greene and Company, LLC
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2 Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [X]
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3 SEC Use Only
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4 Citizenship or Place of Organization
New York
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Number of 5 Sole Voting Power
Shares 136,400 shares
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Beneficially 6 Shared Voting Power
Owned By 1,543,400 shares
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Each 7 Sole Dispositive Power
Reporting 136,400 shares
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Person 8 Shared Dispositive Power
With 2,448,930 shares
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9 Aggregate Amount Beneficially Owned By Each Reporting Person
2,585,330 shares
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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
3.57%
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12 Type of Reporting Person*
Broker-dealer/Investment Adviser/Other (BD/IA/OO)
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
David J. Greene and Company, LLC 3 of 5
The filing of this statement shall not be construed as an admission that David
J. Greene and Company, LLC is the beneficial owner of the securities covered by
such statement.
Item 1. (a) Name of Issuer.
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Navistar International Corp.
Item 1. (b) Address of Issuer's Principal Executive Officers.
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455 North Cityfront Plaza Drive
Chicago, Illinois 60611
Item 2. (a) Name of Person Filing.
----------------------
David J. Greene and Company, LLC. Schedule 13G was
previously filed by David J. Greene and Company.
On January 2, 1998 David J. Greene and Company was
converted to David J. Greene and Company, LLC.
Item 2. (b) Address of Principal Business Office.
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599 Lexington Avenue, New York, NY 10022
Item 2. (c) Place of Organization.
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New York
Item 2. (d) Title of Class of Securities.
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Common Stock, $.10 par value
Item 2. (e) CUSIP Number.
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63934E108
Item 3. (a) David J. Greene and Company, LLC is a broker-dealer
registered under Section 15 of the Act.
(b) David J. Greene and Company, LLC is an investment
adviser registered under Section 203 of the
Investment Advisers Act of 1940.
Item 4. Ownership.
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(a) Amount Beneficially Owned: 2,585,330 shares
(b) Percent of Class: 3.57%
<PAGE>
David J. Greene and Company, LLC 4 of 5
(c) Number of shares as to which such person has:
(i) Sole power to vote: 136,400 shares
(ii) Shared power to vote: 1,543,400 shares
(iii) Sole power to dispose of or to
direct the disposition of: 136,400 shares
(iv) Shared power to dispose or to
direct the disposition of: 2,448,930 shares
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].
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
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Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported by the Parent Holding Company.
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Not applicable.
Item 8. Identification and Classification of Members of the Group.
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Not applicable.
Item 9. Notice of Dissolution of Group.
-------------------------------
Not applicable.
<PAGE>
David J. Greene and Company, LLC 5 of 5
Item 10. Certification.
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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.
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 12, 1998
Signature: /s/ E. Stephen Walsh
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Name/Title: E. Stephen Walsh
Principal and Chief
Administrative Officer
