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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. ___________)*
___________________________Morgan Products, Ltd.______________________________
(Name of Issuer)
Common Stock
(Title of Class of Securities)
617439-10-4
(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).
1
<PAGE>
CUSIP No. 617439-10-4 13G Page 2 of 4 Pages
-------------- ----- -----
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Parnassus Fund
94-6579180
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts Business Trust
5 SOLE VOTING POWER
1,000,000 shares
6 SHARED VOTING POWER
7 SOLE DISPOSITIVE POWER
8 SHARED DISPOSITIVE POWER
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EAC REPORTING PERSON
1,000,000 shares
10 CHECK BOX OF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDESCERTAIN SHARES
11 PERCENT OF CLASSREPRESENTED BY AMOUNT IN ROW 9
9.85%
12 TYPE OF REPORTING PERSON*
IV
2
<PAGE>
Item 1.
(a) Name of Issuer: Morgan Products, Ltd
(b) Address of Issuer's Principal Executive Offices:
469 McLaws Circle
Williamsburg, VA 23185
Item 2.
(a) Name of Person filing: The Parnassus Fund
(b) Address of Principal Business Office or, if none, Residence:
One Market
Steuart Tower - Suite #1600
San Francisco, CA 94105
(c) Citizenship: Massachusetts Business Trust
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 617439-10-4
Item 3.
(d) Person filing is an Investment Company registered under Section 8
of the Investment Company Act of 1940.
Item 4. Ownership:
(a) Amount Beneficially Owned: 1,000,000 shares
(b) Percent of Class: 9.85%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:1,000,000 shares
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:
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
3
<PAGE>
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.
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.
February 10, 1997
Date
Signature
Jerome L. Dodson/ President
Name/Title
