UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
OSMONICS, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Class A Common
- --------------------------------------------------------------------------------
(Title of Class of Securities)
688350107
------------------------------
(CUSIP Number)
December 31, 1998
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ X ] Rule 13d-1(b)
[ ] Rule 13d-(c)
[ ] Rule 13d-1(d)
*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).
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<PAGE>
SCHEDULE 13G
------------
CUSIP No. 688350107 Page 2 of 4
---------
1) NAME OF REPORTING PERSON
COLUMBIA SPECIAL FUND, INC.
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3) SEC USE ONLY _____________________________________________________________
4) CITIZENSHIP OR PLACE OF ORGANIZATION
OREGON
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5) SOLE VOTING POWER
NUMBER OF
--------------------------------------------------
SHARES
6) SHARED VOTING POWER
BENEFICIALLY
OWNED BY --------------------------------------------------
EACH 7) SOLE DISPOSITIVE POWER
REPORTING
--------------------------------------------------
PERSON
8) SHARED DISPOSITIVE POWER
WITH
--------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
--------------------------------------------------------------------------
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)
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12) TYPE OF REPORTING PERSON*
IV
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<PAGE>
Item 1(a). Name of Issuer
- --------- --------------
OSMONICS, INC.
Item 1(b). Address of Issuer's Principal Executive Offices
- --------- -----------------------------------------------
5951 Clearwater Drive
Minnetonka, MN 55343
Item 2(a). Name of Person Filing
- --------- ---------------------
COLUMBIA SPECIAL FUND, INC.
Item 2(b). Address of Principal Business Office, or if none, Residence
- --------- -----------------------------------------------------------
1301 SW Fifth Avenue
PO Box 1350
Portland, OR 97207
Item 2(c). Citizenship
- --------- -----------
Oregon corporation.
Item 2(d). Title of Class of Securities
- --------- ----------------------------
Common Stock
Item 2(e). CUSIP NUMBER
- --------- ------------
688350107
Item 3. If this statement is filed pursuant to Rule 13d-2(b), check
- ------ whether the filing person 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) [XX] Investment Company registered under section 8 of the
Investment Company Act
(e) [ ] 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 Section
240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with Section
240.13d-1(b)(ii)(G) (NOTE: See Item 7)
(h) [ ] A savings association as defined in section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with section 240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to section 240.13d-1(c), check
this box [ ].
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<PAGE>
Item 4. Ownership:
- ------ ---------
Inapplicable
Item 5. Ownership of Five Percent or Less of a Class
- ------ --------------------------------------------
The Reporting Person has ceased to be the beneficial owner of more
than five percent of the Issuer's Common Stock.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
- ------ ---------------------------------------------------------------
Inapplicable
Item 7. Identification and Classification of the Subsidiary Which Acquired
- ------ the Security Being Reported on By the Parent Holding Company
------------------------------------------------------------------
Inapplicable
Item 8. Identification and Classification of Members of the Group
- ------ ---------------------------------------------------------
Inapplicable
Item 9. Notice of Dissolution of Group
- ------ ------------------------------
Inapplicable
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.
Date: February 12, 1999
COLUMBIA SPECIAL FUND, INC.
By: ROBERT J. MOORMAN
-----------------------------------
Robert J. Moorman, Secretary
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