SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
KASH N' KARRY FOOD STORES INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
48577P106
(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).
<PAGE>
SCHEDULE 13G
CUSIP NO. 48577P106
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PaineWebber Incorporated
IRS # 13-2638166
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
5 SOLE VOTING
POWER
NUMBER OF
SHARES -0-
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
6 SHARED VOTING
POWER
-0-
7 SOLE
DISPOSITIVE
POWER
-0-
8 SHARED
DISPOSITIVE
POWER
-0-
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0%
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
BD
<PAGE>
AMENDMENT NO. 1 TO SCHEDULE 13G
Item 4(a) Item 4(a) is amended and restated in its entirety by the
following:
AMOUNT BENEFICIALLY OWNED:
-0-
ITEM 4(B) Item 4(b) is amended and restated in its entirety by the
following:
PERCENT OF CLASS:
0%
ITEM 4(C) Item 4(c) is amended and restated in its entirety by the
following:
NUMBER OF SHARES ON TO WHICH SUCH PERSON HAS:
i) sole power to vote or direct the vote: 0
ii) shared power to vote or direct the vote: 0
iii) sole power to dispose or direct the disposition of: 0
iv) shares power to dispose or direct the disposition of: 0
ITEM 5 Item 5 is amended and restated in its entirety by the following:
OWNER OF FIVE PERCENT OR LESS OF A CLASS:
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 Common Stock of the Issuer.
<PAGE>
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.
4/9/96
----------------------------
Date
/S/ JAMES P. DOWD
----------------------------
Signature
/S/ JAMES P. DOWD
----------------------------
Name/Title
