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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Capsure Holdings Corp.
(Name of Issuer)
Common Stock, par value $.05
(Title of Class of Securities)
140673104
(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 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 1 of 6 Pages
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CUSIP No. 140673104 13G Page 2 of 6 Pages
-------------- ---- ---
- ------------------------- -------------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Foreign & Colonial Management Limited
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 545,000
OWNED BY
------ ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON
WITH
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
545,000
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
545,000
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.5%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA, CO
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 140673104 13G Page 3 of 6 Pages
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- ------------------------ --------------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Hypo Foreign & Colonial Management (Holdings) Limited
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
545,000
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
------ ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON
WITH
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
545,000
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
545,000
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.5%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
HC, CO
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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Item 1(a). Name of Issuer:
Capsure Holdings Corp.
Item 1(b). Address of Issuer's Principal Executive Offices:
Two North Riverside Plaza
Chicago, Illinois 60606
Item 2.
(a) Name of Person(s) Filing:
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Foreign & Colonial Management Limited ("F&C Limited")
and Hypo Foreign & Colonial Management (Holdings)
Limited ("F&C Holdings" and, together with F&C
Limited, the "Reporting Entities").
(b) Address of Principal Business Office or, if none,
Residence:
------------------------------------------------
The address of the principal business office of each
of the Reporting Entities is Exchange House, Primrose
Street, London EC2A 2NY, England.
(c) Citizenship:
-----------
Each of the Reporting Entities is a corporation
organized under the laws of the United Kingdom.
(d) Title of Class of Securities:
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Common Stock, par value $.05 per share ("Common
Stock").
(e) CUSIP Number
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140673104.
Item 3.
- -------
(e) As of the date hereof, F&C Limited is an Investment
Adviser registered under Section 203 of the
Investment Advisers Act of 1940 ("Advisers Act").
(g) F&C Holdings is a Parent Holding Company, in
accordance with ss. 240.13d-1(b)(ii)(G) under the
Securities Exchange Act of 1934 ("Exchange Act")
(Note: See Item 7).
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Item 4. Ownership
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(a) 545,000 shares comprised of Common Stock
(b) 3.5%
(c) (i) none
(ii) 545,000
(iii) none
(iv) 545,000
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:
Dividends received from, and any proceeds from the
sale of, Common Stock, if any, by F&C Limited are
allocated by F&C Limited to the applicable accounts
of its clients and are distributed or retained in
accordance with F&C Limited's investment management
agreements with those clients.
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the
Parent Holding Company:
F&C Holdings currently owns 100% of the outstanding
capital stock of F&C Limited. F&C Limited is filing
pursuant to Rule 13d-1(b)(1)(i)(E) under the
Exchange Act as an Investment Adviser registered
under Section 203 of the Advisers Act. A Joint
Filing Agreement was executed to this effect on
February 3, 1995 and was filed as Exhibit I to
Schedule 13G filed for the Reporting of Entities on
February 9, 1995 which is herein incorporated by
reference.
Item 8. Identification and Classification of Members of the
Group:
Not Applicable
Item 9. Notice of Dissolution of Group:
Not Applicable
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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
purposes or effect.
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.
Dated: February 10, 1997
FOREIGN & COLONIAL MANAGEMENT LIMITED
By: /s/ Andrew C. Barker
Name: Andrew C. Barker
Title: Director
HYPO FOREIGN & COLONIAL MANAGEMENT
(HOLDINGS) LIMITED
By: /s/ Rob. G. Donkin
Name: Rob. G. Donkin
Title: Secretary
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