<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
AMENDMENT NO. 1
OIL-DRI CORPORATION OF AMERICA
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(Name of Issuer)
COMMON STOCK
and CLASS B STOCK
(immediately convertible into Common)
-------------------------------------
(Title of Class of Securities)
677864 10 0
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(CUSIP Number)
Maryon Gray, 410 N. Michigan Ave., Ste. 400, Chicago, IL 60611
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312, 321-1515
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(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
March 10, 1998
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(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Previous filing on Schedule 13G pursuant to Rule 13d-1(c).
Check the following box if a fee is being paid with this statement [ ].
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.
(Continued on following page(s))
Page 1 of 6 Pages
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CUSIP No. 677864 10 0 13D Page 2 of 6 Pages
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1 NAMES OF REPORTING PERSONS,
S.S. OR I.R.S. IDENTIFICATION NO.
Robert D. Jaffee ###-##-####
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2 CHECK THE APPROPRIATE BOX (a) [ ]
IF A MEMBER OF A GROUP (b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
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7 SOLE VOTING POWER
NUMBER OF 25,000 Class B Shares
SHARES No Common Shares
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH None
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REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 25,000 Class B Shares
No Common Shares
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10 SHARED DISPOSITIVE POWER
None
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
25,000 Class B Shares
No Common Shares
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.7% of the Class B Shares representing 1.3% of the voting
power of Issuer's outstanding stock at March 11, 1998.
(See Item 5.)
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14 TYPE OF REPORTING PERSON
IN
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CUSIP No. 677864 10 0 13D Page 3 of 6 Pages
ITEM 1. SECURITY AND ISSUER
This statement relates to the Common Stock, par value $.10 per
share (and the Class B Stock, par value $.10 per share immediately
convertible into Common Stock) of Oil-Dri Corporation of America, a
Delaware corporation ("Oil-Dri"). Oil-Dri's principal executive
offices are located at 410 North Michigan Avenue, Suite 400, Chicago,
Illinois 60611.
ITEM 2. IDENTITY AND BACKGROUND
(a) Robert D. Jaffee
(b) 650 Dundee Road
Suite 280
Northbrook, IL 60062
(c) retired
(d) No
(e) No
(f) United States
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
No purchase of securities of Oil-Dri Corporation of America
("Oil-Dri") was involved.
ITEM 4. PURPOSE OF TRANSACTION
Robert D. Jaffee has no present plans or proposals which relate
to or would result in (i) the acquisition by any person of securities
of Oil-Dri or the disposition of securities of Oil-Dri, but may from
time to time sell or gift securities of Oil-Dri, (ii) any
extraordinary corporate transaction of Oil-Dri or its subsidiaries,
(iii) a sale or transfer of a material amount of assets of Oil-Dri or
its subsidiaries, (iv) any change in the board of directors or
management of Oil-Dri, (v) any material change in Oil-Dri's present
capitalization, dividend policy, business or corporate structure, (vi)
any change to Oil-Dri's charter or bylaws or other actions that may
impede the acquisition of control of Oil-Dri by any person, (vii)
causing Oil-Dri Common Stock to cease to be listed on the New York
Stock Exchange, or to become eligible for termination of registration
pursuant to Section 12(g)(4) under the Securities Exchange Act of
1934, or (viii) any action similar to those enumerated above.
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CUSIP No. 677864 10 0 13D Page 4 of 6 Pages
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Aggregate Number and Percentage of Class Beneficially Owned.
Robert D. Jaffee owns beneficially 25,000 shares of Class B Stock
of Oil-Dri and no shares of Common Stock of Oil-Dri. The Class B
Stock is held by Robert D. Jaffee as Trustee of the Robert D.
Jaffee Revocable Trust of July 29, 1974, as amended.
The shares beneficially owned by Robert D. Jaffee constitute 1.7%
of the Class B Stock outstanding at March 11, 1998, and, since
the Class B Stock is entitled to 10 votes per share, constitute
1.3% of the voting power of Oil-Dri's Common and Class B Stock.
(b) Sole Power to Direct Vote: 25,000 shares of Class B Stock and
no shares of Common Stock.
Shared Power to Vote or Direct Vote: None
Sole Power to Dispose or Direct Disposition: 25,000 shares of
Class B Stock and no shares of Common Stock.
Shared Power to Dispose or Direct Disposition: None.
(c) During the past 60 days, Mr. Robert D. Jaffee effected the
following transactions:
<TABLE>
<CAPTION>
Amount of Where and
Date Securities Involved Nature of Transaction Price Per Share How Effected
- ------- -------------------- --------------------- --------------- ------------
<S> <C> <C> <C> <C>
3/10/98 342,241 Class B Conversion & Sale* 15.00 Private Sale to
Oil-Dri Corporation
of America
</TABLE>
* Conversion of Class B Stock in Trust ownership to Common Stock upon
sale of said stock.
(d) No other person has the right to receive or the
power to direct receipt of dividends from, or proceeds from
the sale of, such security.
(e) Not applicable.
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CUSIP No. 677864 10 0 13D Page 5 of 6 Pages
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
the undersigned certifies that the information set forth in this statement
is true, complete and correct.
Date: March 23, 1998
/s/ ROBERT D. JAFFEE
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Robert D. Jaffee
