SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)
The Z-Seven Fund, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
988789103
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(CUSIP Number)
Margaret Bancroft, Dechert Price & Rhoads,
30 Rockefeller Plaza, New York, N.Y. 10112
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
June 3, 1999
---------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|.
Page 1 of 3
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SCHEDULE 13D
CUSIP No. 988789103 Page 2 of 5 Pages
_______________________________________________________________________________
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
(I) Agape Co., S.A.
(II) Unity, N.V. 98-0048,287
(III) John M. Templeton
_______________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
_______________________________________________________________________________
3) SEC USE ONLY
_______________________________________________________________________________
4) SOURCE OF FUNDS*
WC, PF, OO (Securities and Cash)
_______________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
(I) Panamanian Corporation
(II) Netherlands Antilles Corporation
(III) United Kingdom
_______________________________________________________________________________
NUMBER 7) SOLE VOTING POWER
OF
SHARES _____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY (I) & (III) 673,210**; (II) & (III) 0
EACH _____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON
WITH _____________________________________________________________
10) SHARED DISPOSITIVE POWER
(I) & (III) 673,210; (II) & (III) 0
_______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
(I) & (III) 673,210
(II) & (III) 0
_______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
_______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
(I) & (III) 26.5%
(II)& (III) 0.0%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON*
(I) CO
(II) CO
(III) (IN)
_______________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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** On December 8, 1997, the Board of Directors declared a two for one
stock split payable to shareholders of record on December 19, 1997.
From December 19, 1997 to May 12, 1999 the shared voting power of (I) &
(III) was 698,210 shares. Recent sales as reported in this Amendment
No. 4 have reduced the shared voting power of (I) & (III) to 673,210
shares.
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<PAGE>
This Amendment No. 4 amends and supplements information in Item 5.
Item 5. INTEREST IN SECURITIES OF THE ISSUER
(a) The Fund's annual report, dated March 11, 1999, states that, as of
the close of business on December 31, 1998, there were 2,545,031 shares of
Common Stock outstanding. The percentages set forth in this Item 5(a) were
derived using such number.
Agape Co., S. A. 673,210; 26.5%
Unity, N.V. 0; 0.0%
(c) During the last sixty days, the following shares of Common Stock
were sold by Agape Co., S.A.
Date Number of Shares Price Per Share
---- ---------------- ---------------
5/12/99 1,000 7.250
5/17/99 1,100 7.250
5/28/99 200 7.250
6/2/99 15,300 7.250
6/3/99 7,400 7.250
In addition, Unity, N.V., sold its entire position of 40,000 shares
between April 15, 1996 and June 19, 1996, as described below.
Date Number of Shares Price Per Share
---- ---------------- ---------------
04/15/96 500 22.750
04/16/96 1,000 24.250
04/16/96 1,000 22.750
04/16/96 1,500 23.000
04/16/96 1,000 22.500
04/19/96 1,000 22.500
04/22/96 1,000 22.625
04/25/96 1,000 22.500
04/25/96 5,700 22.668
04/26/96 500 22.500
05/02/96 1,000 22.500
05/06/96 1,000 22.500
05/09/96 1,000 22.500
05/17/96 1,000 22.500
05/28/96 6,400 22.000
06/03/96 2,200 21.362
06/04/96 2,000 20.875
06/06/96 1,300 20.654
06/07/96 800 20.250
06/11/96 2,300 20.250
06/18/96 1,500 20.125
06/19/96 5,300 19.875
Signature
After reasonable inquiry and to the best knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: June 14, 1999 Agape Co., S.A., by John M.
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Templeton, President*
Unity, N.V., by John M. Templeton,
President*
John M. Templeton, Individually
As indirect beneficial owner*
*BY: /s/ Margaret Bancroft
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Margaret Bancroft, Attorney-in-Fact
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