UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Leasing Solutions, Inc.
(Name of Issuer)
Common Stock
(Title and Class of Securities)
522113109
(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-1(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 disclosures provided in a prior cover page.
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 (however, see
the Notes).
<PAGE>
SCHEDULE 13G
CUSIP No. 522113109 Page 2
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
Invista Capital Management, LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)
(a)
(b)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 6 SHARED VOTING POWER 450,000
OWNED BY
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 8 SHARED DISPOSITIVE POWER 450,000
WITH
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
450,000
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions)
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.5%
12 TYPE OF REPORTING PERSON (See Instructions)
IA
<PAGE>
SCHEDULE 13G
CUSIP No. 522113109 Page 3
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
Principal Mutual Holding Company
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)
(a)
(b)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Iowa
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 6 SHARED VOTING POWER 450,000
OWNED BY
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 8 SHARED DISPOSITIVE POWER 450,000
WITH
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
450,000
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions)
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.5%
12 TYPE OF REPORTING PERSON (See Instructions)
HC
<PAGE>
Page 4
Item 1(a) Name of Issuer:
Leasing Solutions, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
10 Almaden Blvd., Suite 1500
San Jose, CA 95113-2238
Item 2(a) Name of Person Filing:
Invista Capital Management, LLC
Principal Mutual Holding Co.
Item 2(b) Address of Principal Business Office, or, if None,
Residence:
Invista Capital Management, LLC Principal Mutual Holding Co.
699 Walnut 711 High Street
1800 Hub Tower Des Moines, IA 50392-0088
Des Moines, IA 50309
Item 2(c) Citizenship:
Invista Capital Management,LLC - State of Delaware
Principal Mutual Holding Co. - State of Iowa
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Numbers:
522113109
Item 3. If this statement is filed pursuant to section 240.13d- 1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(e) [X] An investment adviser in accordance with section
240.13d-1(b)(1)(ii)(E).
Item 4. Ownership:
(a) Amount Beneficially Owned ..................
450,000 Shares Common Stock presently held by Invista Cap. Mgmt.
450,000 Shares Common Stock presently held by Principal Mutual
<PAGE>
Page 5
(b) Percent of Class .....
5.53% Invista Capital Management
5.53% Principal Mutual
(c) Number of shares as to which the person has:
(i) Sole Power to Vote or Direct the Vote
0 Invista Cap. Mgmt.
0 Principal Mutual
(ii) Shared Power to Vote or Direct the Vote
450,000 Shares Common Stock presently held by Invista Cap. Mgmt.
450,000 Shares Common Stock presently held by Principal Mutual
(iii) Sole Power to Dispose or to Direct the Disposition of
0 Invista Cap. Mgmt.
0 Principal Mutual
(iv) Shared Power to Dispose or to Direct the Disposition of
450,000 Shares Common Stock presently held by Invista Cap. Mgmt.
450,000 Shares Common Stock presently held by Principal Life
Item 5. Ownership of Five Percent or Less of a Class:
N/A
Item 6. Ownership of More than Five Percent on Behalf of Another
Person
Persons other than the reporting persons have a right to receive or the
power to direct the receipt of dividends from or the proceeds from the sale of
such securities. The interest of no such person having such an interest relates
to more than five percent of the class.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company
See Exhibit attached.
<PAGE>
Page 6
Item 8. Identification and Classification of Members of the Group
N/A
Item 9. Notice of Dissolution of Group
N/A
Item 10(b). Certification
By signing below I certify, to the best of my knowledge and
belief, the securities referred to above were not acquired and are held in the
ordinary course of business and were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose 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.
INVISTA CAPITAL MANAGEMENT, LLC
By /s/ Dennis W. Cameron
Dennis W. Cameron, Chief Financial and Compliance Officer
PRINCIPAL MUTUAL HOLDING COMPANY
By: INVISTA CAPITAL MANAGEMENT, LLC
By /s/ Dennis W. Cameron
Dennis W. Cameron, Chief Financial and Compliance Officer
Dated this 10th day of February, 1999
<PAGE>
[Logo]
Principal Financial Group Principal Life Insurance Company
MEMORANDUM
February 11, 1999
To: Craig Barnes, President
Invista Capital Management, LLC
From: Mary Bricker, Assistant Corporate Secretary
Principal Mutual Holding Company ("Principal Mutual")
RE: Schedule 13G Filings
This is to confirm that Principal Mutual has authorized Invista Capital
Management, LLC to file Schedule 13Gs with the Securities and Exchange
Commission on behalf of Principal Mutual. In addition, Principal Mutual hereby
authorizes Invista to sign the Schedule 13Gs that Invista files with the
Securities and Exchange Commission on behalf of Principal Mutual. Principal
Mutual hereby authorizes Invista to use any of its executive officers to act as
Invista's authorized representative in signing Schedule 13Gs that Invista files
with the Securities and Exchange Commission on behalf of Principal Mutual.
This authorization shall remain in effect until further notice.
Principal Mutual understands and agrees that this authorization will be filed as
an exhibit, where necessary, to any Schedule 13Gs Invista files on behalf of
Principal Mutual.
/s/ Mary Bricker
Mary Bricker
Assistant Corporate Secretary
Mailing Address: Des Moines, Iowa USA 50392-0001 (515) 247-5111
<PAGE>
EXHIBIT 99.1
Invista Capital Management, LLC
Item 3 Classification:
(e) Investment Adviser registered under Section 203 of the Investment Advisers
Act of 1940.
<PAGE>
