Cusip 378507503
Item 1: Reporting Person: Arnhold and S. Bleichroeder, Inc. (Tax ID: 134959915)
Item 4: State of New York
Item 5: 125,600
Item 6: None
Item 7: 125,600
Item 8: None
Item 9: 125,600
Item 11: 0.26%
Item 12: BD
Cusip 378507503
Item 1: Reporting Person: Arnhold and S. Bleichroeder Advisors, Inc.
Item 4: State of New York
Item 5: 125,600
Item 6: None
Item 7: 125,600
Item 8: None
Item 9: 125,600
Item 11: 0.26%
Item 12: IA
Cusip 378507503
Schedule 13 G (Cont.)
Item 1(a)- Name of Issuer: Glendale Federal Savings Bank
Item 1(b)- Address of Issuer's Principal Executive Offices:
700 North Brand Boulevard
Glendale, CA 91203
Item 2(a)- Name of Person Filing: Arnhold and S. Bleichroeder, Inc., and
Arnhold and S. Bleichroeder Advisors, Inc.
Item 2(b)- Address of Principal Business Office: 1345 Ave of Americas
New York, NY 10105
Item 2(c)- Citizenship: New York, NY, USA (Place of Incorporation)
Item 2(d)- Title of Class of Securities: Common Stock
Item 2(e)- Cusip Number: 378507503
Item 3-This statement is being filed pursuant to Rule 13d-1(b). The person
filing is a : (a) Broker or Dealer registered under Section 15 of the
act; and (e)-Investment Advisor registered under Section 203 of the
Investment Advisors Act of 1940.
Item 4(a) Amount beneficially owned: Arnhold and S. Bleichroeder Advisors, Inc.,
a subsidiary of Arnhold and S. Bleichroeder, Inc., is the investment advisor for
First Eagle Fund of America (the "Fund"). Pursuant to its advisory agreement
with the Fund, Arnhold and S. Bleichroeder Advisors, Inc. has sole power to
to vote and dispose of the securities held by the Fund and is therefore the
beneficial owner, for the purposes of Rule 13d-3, of the securities held by the
Fund. Based upon the foregoing, Arnhold and S. Bleichroeder, Inc. may be
considered the beneficial owner of a total of 2,075,800 shares of the Issuer's
common stock, for the purposes of Rule 13d-3.
Item 4(b) - Percent of Class: 0.26%
Item 4(c)- Number of Shares to which A & SB has:
(i)--sole power to vote or to direct the vote: 125,600
(ii)-shared power to vote or to direct the vote: -0-
(iii)sole power to dispose or to direct the disposition of: 125,600
(iv)-shared power to dispose or to direct the disposition of -0-
<PAGE>
Cusip 378507503
Schedule G (Cont.)
Item 5 - Ownership of Five Percent or Less of a Class: YES
--------------------------------------------
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 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 purposes or
effect.
<PAGE>
Cusip 378507503
Schedule G (Cont.)
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: February 13, 1997
ARNHOLD AND S. BLEICHROEDER, INC.
By: /S/ Ronald A. Bendelius
--------------------------------
Ronald A. Bendelius
Senior Vice President
and Comptroller
By: /S/ Charles J. Rodriguez
------------------------------
Charles J. Rodriguez
Senior Vice President
ARNHOLD AND S. BLEICHROEDER ADVISORS, INC.
By: /S/ Robert Miller
------------------------------
Robert Miller
Vice President, Secretary, Treasurer
