UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 3)*
Under the Securities Exchange Act of 1934
MARINE TRANSPORT CORPORATION
_________________________________________________________________
(Name of Issuer)
Shares of Common Stock - $.50 Par Value
_________________________________________________________________
(Title of Class of Securities
567912-10-0
____________________________
(CUSIP Number)
Brent D. Baird
1350 One M&T Plaza
Buffalo, New York 14203 (Phone: (716) 849-1484)
_________________________________________________________________
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
NOVEMBER 1, 2000
_______________________
(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 that is the subject of this
Schedule 13D, and is filing this schedule because of Rule 13d-
1(e), 13d-1(f) or 13d-1(g), check the following box __.
Note: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits.
See Rule 13d-7(b) for other parties to whom copies are to be
sent.
*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 disclosures provided in
a prior cover page.
The information required on 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>
SCHEDULE 13D
Amendment No. 3
CUSIP NO. 567912-10-0
1. Name of Reporting Person
SS or IRS Identification No. of above person (optional)
Brent D. Baird
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)___
(b)_X_
3. SEC USE ONLY
4. SOURCE OF FUNDS*
PF
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ____
6. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
NUMBER OF SHARES 7. SOLE VOTING POWER
BENEFICIALLY OWNED 19,000
BY EACH REPORTING
PERSON WITH 8. SHARED VOTING POWER
-0-
9. SOLE DISPOSITIVE POWER
19,000
10. SHARED DISPOSITIVE POWER
-0-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,000
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* ____
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.290%
14. TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 567912-10-0
1. Name of Reporting Person
SS or IRS Identification No. of above person (optional)
First Carolina Investors, Inc.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)___
(b)_X_
3. SEC USE ONLY
4. SOURCE OF FUNDS*
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ____
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES 7. SOLE VOTING POWER
BENEFICIALLY OWNED 635,000
BY EACH REPORTING
PERSON WITH 8. SHARED VOTING POWER
-0-
9. SOLE DISPOSITIVE POWER
635,000
10. SHARED DISPOSITIVE POWER
-0-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
635,000
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* ____
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.687%
14. TYPE OF REPORTING PERSON*
CO, IV
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
Amendment No. 3
INTRODUCTION
The acquisition of 875,500 shares ("Shares") of Common Stock
of the Issuer was reported by the Reporting Persons in Schedule
13D, which was filed with the Securities and Exchange Commission
on August 24, 1998, as amended by Schedule 13D Amendment No. 1,
which was filed with the Securities and Exchange Commission on
September 15, 1998, as amended by Schedule 13D Amendment No. 2,
which was filed with the Securities and Exchange Commission on
October 13, 1998 ("Amendment No. 2"). Since the filing of
Amendment No. 2, two of the Reporting Persons (First Carolina
Investors, Inc. and Brent D. Baird) have sold or gifted Shares.
The number of Shares now held by the Reporting Persons is 804,500
Shares.
The Cover Pages for First Carolina Investors, Inc. and Brent
D. Baird are hereby amended as shown in this Amendment No. 3.
Item 5 is hereby amended as shown in this Amendment No. 3. All
other Cover Pages and Items remain unchanged from the previous
Schedule 13D, as amended.
NOTE: THE EXECUTION AND SUBMISSION OF THIS STATEMENT
BY THE REPORTING PERSONS SHALL NOT BE CONSTRUED AS A
STATEMENT OR ADMISSION THAT THE REPORTING PERSONS (I)
ARE ACTING AS A GROUP IN THE ACQUISITION OF THE
SHARES, (II) COLLECTIVELY CONSTITUTE A "PERSON" WITHIN
THE MEANING OF SECTION 13(D)(3) OF THE SECURITIES
EXCHANGE ACT OF 1934, AS AMENDED (THE "ACT"), OR (III)
FOR THE PURPOSES OF SECTION 13(D) OF THE ACT, ARE THE
BENEFICIAL OWNERS OF ANY SHARES OTHER THAN THE SHARES
IN WHICH EACH PERSON IS SPECIFICALLY IDENTIFIED IN
THIS STATEMENT TO HAVE A BENEFICIAL INTEREST.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended to read as follows:
(a) The Reporting Persons hereby report beneficial
ownership, in the manner hereinafter described, of
804,500 Shares of the Issuer:
<TABLE>
<CAPTION>
Percentage of
Number Of Outstanding
Shares Held in the Name of Shares Security (1)
<S> <C> <C>
Aries Hill Corp. 30,000 .458%
Brent D. Baird 19,000 .290%
Brian D. Baird, 50,000 .763%
as Successor Trustee (2)
The Cameron Baird 70,500 1.075%
Foundation
First Carolina Investors, 635,000 9.687%
Inc. ______ _____
TOTAL 804,500 12.273%
</TABLE>
(1) The foregoing percentages assume that the number of
Shares of the Issuer outstanding is 6,555,368 Shares (as
reported in the Issuer's Form 10-Q for the quarterly
period ended September 30, 2000).
(2) Jane D. Baird is the income beneficiary and the issue of
Jane D. Baird are the remainder beneficiaries under a
trust agreement dated 7/31/22.
(b) For each persons named in paragraph (a), that person has
sole voting and sole dispositive power over the Shares enumerated
in paragraph (a).
(c) The following transfers of the Shares were effected during
the past sixty days:
On November 1, 2000, Brent D. Baird gifted 6,000 Shares to
two charitable organizations. No consideration was received for
such gifts. The transaction was made through First Clearing
Corporation.
(d) Not applicable
(e) Not applicable
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge
and belief, we certify that the information set forth in this
statement is true, complete and correct.
DATED this 20th day of November, 2000.
First Carolina Investors, Inc.
By: s/Brent D. Baird
Brent D. Baird, Chairman
s/Brent D. Baird
Brent D. Baird
