UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT of 1934
(AMENDMENT NO. 8 )*
Garnet Resources Corporation
(NAME OF ISSUER)
Common Stock, par value $.01 per share
(TITLE OF CLASS OF SECURITIES)
366255107
(CUSIP NUMBER)
Check the following box if a fee is being paid with this
statement |__|. (A fee is not required only if the filing
person: (1) has a previous statement on file reporting beneficial
ownership of more than five percent of the class of securities
described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7).
*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).
CUSIP NO. 366255107 13G PAGE 2 OF 5 PAGES
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Rockefeller & Co., Inc.
I.R.S. Identification No.: 13-3006584
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Not applicable. (a) |_|
(b) |_|
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
5 SOLE VOTING POWER
NUMBER OF 1,096,723
SHARES 6 SHARED VOTING POWER
Not applicable.
BENEFICIALLY
7 SOLE DISPOSITIVE POWER
OWNED BY 1,096,723
EACH REPORTING 8 SHARED DISPOSITIVE POWER
Not applicable.
PERSON WITH
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,096,723
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
Not applicable.
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.8%
12 TYPE OF REPORTING PERSON*
IA
*SEE INSTRUCTION BEFORE FILLING OUT!
Item 1(a). Name of Issuer: Page
3 of 6
Garnet Resources Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
333 Clay Street, Suite 4500,
Houston, TX 77002
Item 2(a). Name of Person Filing:
Rockefeller & Co., Inc.
Item 2(b). Address of Principal Business Office:
30 Rockefeller Plaza, New York, New York 10112
Item 2(c). Citizenship:
New York
Item 2(d). Title of Class of Securities:
Common Stock, par value $.01 per share
Item 2(e). CUSIP Number:
366255107
Item 3. If this statement is filed pursuant to Rules 13d-
1(b), or 13d-2(b), check whether
the person filing is a:
(a) Broker or Dealer registered under Section 15 of the
Act,
(b) Bank as defined in Section 3(a)(6) of the Act,
(c) Insurance Company as defined in Section 3(a)(19) of the
Act,
(d) Investment Company registered under Section 8 of the
Investment Company Act,
(e) X Investment Adviser registered under Section 203 of the
Investment Advisers Act
of 1940,
(f) Employee Benefit Plan, Pension Fund which is subject to
the provisions of the
Employee Retirement Income Security Act of 1974 or
Endowment Fund;
see 13d-1(b)(1)(ii)(F),
(g) Parent Holding Company, in accordance with Rule 13d-
1(b)(ii)(G),
(h) Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
Page 4 of 6
Item 4. Ownership
As of December 31, 1994:
(a) Amount Beneficially Owned:
1,096,723*
(b) Percent of Class:
9.8%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
1,096,723,
(ii) shared power to vote or to direct the vote
- -0- ,
(iii) sole power to dispose or to direct the
disposition of 1,096,723,
(iv) shared power to dispose or to direct the disposi
tion of -0- .
1* Includes 50,000 stock options granted to Wendell W.
Robinson under the 1990 Directors' Stock Option Plan. Pursuant
to his employment with R&Co., all benefits of such options accrue
to the R&Co. client investors in Garnet although Mr. Robinson is
not acting on behalf of R&Co. or its client investors pursuant to
any agreement among such persons.. R&Co., as investment manager
to certain individuals and entities, may be deemed the beneficial
owner of the 50,000 shares of common stock issuable upon the
exercise of such options.
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable.
Item 6. Ownership of More than Five Percent on Behalf of
Another Person.
Rockefeller & Co., Inc. ("R&Co.") is making this filing
on behalf of seven limited partnerships, one private foundation
account, and certain individual clients for which it is the
investment manager (collectively, the "R&Co. clients"). Each of
these R&Co. clients, individually, owns less than 5% of these
securities. Each of these R&Co. clients has executed investment
management agreements granting R&Co. the right to exercise full
discretion with respect to all matters relating to the stock of
the Issuer held by them (including sole voting and dispositive
power). Thus, while R&Co. is for purposes of this filing
regarded as the beneficial owner of the shares of the Issuer held
by each of the R&Co. clients, each of the R&Co. clients has the
sole right to receive dividends from, and the proceeds from the
sale of, the securities of the Issuer owned of record by each of
them.
Page 5 of 5
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 purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this state
ment is true, complete and correct.
February 8, 1995
(Date)
/S/David A. Strawbridge
(Signature)
David A. Strawbridge, Vice President
(Name/Title)
_______________________________
Page: 4
1check to see whioch years granted
