SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 6 )
Atlantic Gulf Communities Corporation
(Name of Issuer)
Common Stock
(Title of class of securities)
048556104
(CUSIP number)
Check the following box if a fee is being paid with this statement [ ].
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*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>
CUSIP No. 048556104 13G Page 2 of 9 Pages
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1. NAME OF REPORTING PERSON(S)
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON(S)
Morgan Stanley Dean Witter & Co.
IRS # 39-314-5972
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
The state of organization is Delaware.
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NUMBER OF 5. SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH 3,116,287
REPORTING --------------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
3,473,820
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,473,820
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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)
21.9%
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12. TYPE OF REPORTING PERSON*
IA, CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 048556104 13G Page 3 of 9 Pages
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1. NAME OF REPORTING PERSON(S)
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON(S)
Morgan Stanley Dean Witter Investment Management Inc.
IRS # 13-304-0307
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
The state of organization is Delaware.
--------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH 3,116,287
REPORTING --------------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
3,473,820
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,473,820
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
21.9%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IA, CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
<PAGE>
CUSIP No. 048556104 13G Page 4 of 9 Pages
Item 1. (a) Name of Issuer:
Atlantic Gulf Communities Corporation
--------------------------------------------------------------
(b) Address of Issuer's Principal Executive Offices:
2601 South Bayshore Drive
Miami, FL 33133
--------------------------------------------------------------
Item 2. (a) Name of Person Filing:
(a) Morgan Stanley Dean Witter & Co.
(b) Morgan Stanley Dean Witter Investment Management Inc.
(c) Morgan Stanley Dean Witter Institutional Fund, Inc.
- U.S. Real Estate Portfolio
(d) Van Kampen Asset Management Life Investment Trust
- Real Estate Securities Fund
(e) Van Kampen Asset Management Inc.
--------------------------------------------------------------
(b) Address of Principal Business Office, or if None, Residence:
(a) 1585 Broadway
New York, New York 10036
(b) 1221 Avenue of the Americas
New York, New York 10020
(c) 1221 Avenue of the Americas
New York, New York 10020
(d) One Parkview Plaza
Oakbrook Terrace, IL 60181
(e) One Parkview Plaza
Oakbrook Terrace, IL 60181
--------------------------------------------------------------
(c) Citizenship:
Incorporated by reference to Item 4 of the
cover page pertaining to each reporting person.
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(d) Title of Class of Securities:
Common Stock
--------------------------------------------------------------
(e) CUSIP Number:
048556104
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Item 3. (a) Morgan Stanley Dean Witter & Co. is (e) an Investment Adviser
registered under Section 203 of the Investment Advisers Act of
1940.
(b) Morgan Stanley Dean Witter Investment Management Inc. is (e)
an Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940.
(c) Morgan Stanley Dean Witter Institutional Fund, Inc. is (d) an
Investment Company registered under Section 8 of the
Investment Company Act of 1940.
(d) Van Kampen Asset Management Life Investment Trust-Real Estate
Securities Fund is (d) an Investment Company registered under
Section 8 of the Investment Company Act of 1940.
(e) Van Kampen Asset Management Inc. is (e) an Investment Adviser
registered under Section 203 of the Investment Advisers Act of
1940.
<PAGE>
CUSIP No. 048556104 13-G Page 5 of 9 Pages
Item 4. Ownership.
Incorporated by reference to Items (5) - (9) and (11) of the
cover page.
Item 5. Ownership of Five Percent or Less of a Class.
(a) Inapplicable
(b) Inapplicable
(c) Inapplicable
(d) Inapplicable
(e) As of the date hereof, Van Kampen Asset Management Inc. has
ceased to be the beneficial owner of more than five percent
of the class of securities.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
(a-d) Accounts managed on a discretionary basis by Morgan Stanley
Dean Witter Investment Management Inc., a wholly owned
subsidiary of Morgan Stanley Dean Witter & Co., are known to
have the right to receive or the power to direct the receipt
of dividends from, or the proceeds from, the sale of such
securities. Other than the Morgan Stanley Dean Witter
Institutional Fund, Inc. and the Van Kampen Asset Management
Life Investment Trust-Real Estate Securities Fund as noted
herein, no such account holds more than 5 percent of the
class.
(e) Inapplicable.
Item 7. Identification and Classification of the Subsidiary which Acquired
the Security Being Reported on By the Parent Holding Company.
Item 8. Identification and Classification of Members of the Group.
Item 9. Notice of Dissolution of Group.
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 purpose or effect.
<PAGE>
CUSIP No. 048556104 13-G Page 6 of 9 Pages
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: October 10, 2000
Signature: /s/ Robert G. Koppenol
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Name/Title Robert G. Koppenol / Principal Morgan Stanley & Co. Incorporated
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MORGAN STANLEY DEAN WITTER & CO.
Date: October 10, 2000
Signature: /s/ Donald P. Ryan
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Name/Title Donald P. Ryan / Principal Morgan Stanley Dean Witter Investment
Management Inc.
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MORGAN STANLEY DEAN WITTER INVESTMENT MANAGEMENT INC.
INDEX TO EXHIBITS PAGE
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EXHIBIT 1 Agreement to Make a Joint Filing 7
EXHIBIT 2 Secretary's Certificate Authorizing Dennine Bullard 8
to Sign on behalf of Morgan Stanley Dean Witter & Co.
* Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
(022597DTI)
