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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_______________________________________________________________
SCHEDULE 13G
Information Statement pursuant to Rule 13d-1 and 13d-2
(AMENDMENT NO. 1 )*
Oak Industries
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(NAME OF ISSUER)
Common Stock
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(TITLE OF CLASS OF SECURITIES)
671400505
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(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 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).
(CONTINUED ON FOLLOWING PAGE(S))
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CUSIP NO. Page 2 of 6 Pages
671400505
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1 NAME OF REPORTING PERSON 06-1051282
S.S. OR I.R.S. IDENTIFICATION NO.
HL Investment Advisors, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(A) [ ]
(B) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
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5 SOLE VOTING POWER
NUMBER OF SHARES -------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED AS OF 971,200
DECEMBER 31, 1996 -------------------------------------------------------
BY EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH -------------------------------------------------------
8 SHARED DISPOSITIVE POWER
971,200
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
971,200
(Not to be construed as an admission of beneficial ownership)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/----/
/----/
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.4%
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12 TYPE OF REPORTING PERSON*
IA
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CUSIP NO. Page 3 of 6 Pages
671400505
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
Hartford Capital Appreciation Fund, Inc.
22-2481744
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(A) [ ]
(B) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
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5 SOLE VOTING POWER
NUMBER OF SHARES -------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED AS OF 971,200
DECEMBER 31, 1996 -------------------------------------------------------
BY EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH -------------------------------------------------------
8 SHARED DISPOSITIVE POWER
971,200
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 971,200
(Not to be construed as an admission of beneficial ownership)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/----/
/----/
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.4%
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12 TYPE OF REPORTING PERSON*
IV
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CUSIP NO. Page 4 of 6 Pages
671400505
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Item 1(a) Name of Issuer:
Oak Industries
Item 1(b) Address of Issuer's Principal Executive Offices:
Bay Colony Corporation Center
1000 Winter Street
Waltham, MA 02154
Item 2(a) Name of Person Filing:
HL Investment Advisors, Inc.
Hartford Capital Appreciation Fund, Inc.
Item 2(b) Address of Principal Business Office:
200 Hopmeadow Street
Simsbury, CT 06070
Item 2(c) Citizenship:
HL Investment Advisors, Inc.-Connecticut
Hartford Capital Appreciation Fund, Inc. - Maryland
Item 2(d) Title of Class of Securities:
Common Stock
Item 2 (e) CUSIP Number:
671400505
Item 3. Type of Reporting Person:
HL Investment Advisors, Inc., as a registered investment
adviser.
Hartford Capital Appreciation Fund, Inc., as a registered
investment management company.
Item 4. Ownership as of December 31, 1997:
(a) Amount Beneficially Owned:
971,200 shares of common stock beneficially owned
including:
Number of Shares
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HL Investment Advisors, Inc. 971,200
Hartford Capital Appreciation Fund, Inc. 971,200
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CUSIP NO. Page 5 of 6 Pages
671400505
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(b) Percent of Class: 5.4%
(c) For information on voting and dispositive power with respect
to the above listed shares, see items 5-8 of cover pages.
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: ( )
Item 6. Ownership of More than Five Percent on behalf of Another Person: N/A
Item. 7 Identification and Classification of the Subsidiary which Acquired the
Security being Reported on by the Parent Holding Company: N/A
Item 8. Identification and Classification of Members of the Group: N/A
Item 9. Notice of Dissolution of Group: N/A
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.
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CUSIP NO. Page 6 of 6 Pages
671400505
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Signature
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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 12, 1998 HL Investment Advisors, Inc.
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BY: /s/ Joseph H. Gareau
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Joseph H. Gareau
President
Hartford Capital Appreciation Fund, Inc.
BY: /s/ Joseph H. Gareau
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Joseph H. Gareau
President
*Pursuant to the Joint Filing Agreement with respect to Schedule 13G attached
hereto as Exhibit I, between HL Investment Advisors, Inc. and Hartford Capital
Appreciation Fund, Inc., this Schedule 13G is filed on behalf of each of them.
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EXHIBIT I
JOINT FILING AGREEMENT
Each of the undersigned hereby agrees that the Schedule 13G filed
herewith is filed jointly, pursuant to Rule 13d-1(f)(1) of the Securities
Exchange Act of 1934, as amended, on behalf of each of them.
Dated: February 12, 1998
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HL Investment Advisors, Inc.
BY: /s/ Joseph H. Gareau
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Joseph H. Gareau
President
Hartford Capital Appreciation Fund, Inc.
BY: /s/ Joseph H. Gareau
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Joseph H. Gareau
President
