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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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AMENDED
SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES
13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(b)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
Wachovia Corporation
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(Name of Issuer)
Common
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(Title of Class of Securities)
929771103
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(CUSIP Number)
December 31, 1998
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(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)
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CUSIP NO. 929771103 13G PAGE 2 OF 6 PAGES
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
A. Wachovia Corporation 56-1473727
B. Wachovia Bank, National Association 56-0927594
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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
A. Wachovia Corporation North Carolina
B. Wachovia Bank, National Association United States
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(5) SOLE VOTING POWER 5,752,680
NUMBER OF
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER 8,313,498
OWNED BY
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER 4,795,194
PERSON WITH
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(8) SHARED DISPOSITIVE POWER 9,501,539
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING 15,377,734
PERSON
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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 7.6%
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(12) TYPE OF REPORTING PERSON*
A. Wachovia Corporation HC
B. Wachovia Bank, National Association HK
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 929771103 Page 3 of 6
ITEM 1 (a) NAME OF ISSUER:
Wachovia Corporation
ITEM 1 (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
100 North Main Street
Winston-Salem, North Carolina 27104
ITEM 2 (a) NAME OF PERSONS FILING:
Wachovia Corporation; and Wachovia Bank, National Association
ITEM 2 (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
Wachovia Corporation
100 North Main Street
Winston-Salem, North Carolina 27104
Wachovia Bank, National Association
100 North Main Street
Winston-Salem, North Carolina 27104
ITEM 2 (c) CITIZENSHIP:
Wachovia Corporation North Carolina
Wachovia Bank, National Association United States
ITEM 2 (d) TITLE OF CLASS OF SECURITIES:
Common
ITEM 2 (e) CUSIP NUMBER:
929771103
ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1 (B), OR
13D-3 (B) CHECK WHETHER THE PERSON FILING IS A:
(a) ( ) Broker or Dealer registered under Section 15
of the Act,
(b) (X) 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) ( ) Investment Company registered under Section
8 of the Investment Company Act,
(e) ( ) Investment Advisor registered under Section
203 of the Investment
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CUSIP No. 929771103 Page 4 of 6
Advisor 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.
(g) (X) Parent holding Company, in accordance with
240.13d-1 (b) (ii) (G), (Wachovia Corporation)
(h) ( ) Group, in accordance with Rule 13d-1 (b) (1) (ii) (H)
ITEM 4 OWNERSHIP:
The following information is as of December 31, 1998:
(a) Amount Beneficially Owned: 15,377,734
(b) Percent of Class: 7.6%
(c) Number of Shares as to which such person has:
(i) Sole power to vote or to direct
the vote 5,752,680
(ii) Shared power to vote or to direct the
vote 8,313,498
(iii) Sole power to dispose or to direct the
disposition of 4,795,194
(iv) Shared power to dispose or to direct
the disposition of 9,501,539
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:
N/A
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY:
Included are the following subsidiaries of Wachovia Corporation - HC:
Wachovia Bank, National Association - BK (wholly owned subsidiary of
Wachovia Corporation)
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
N/A
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CUSIP NO. 929771103 Page 5 of 6
ITEM 9 NOTICE OF DISSOLUTION OF GROUP.
N/A
ITEM 10 CERTIFICATION:
By signing below, I certify that, to the best of my
knowledge and belief, the securities referred to above 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 25, 1999
For: WACHOVIA CORPORATION
By: /s/ William M. Watson, Jr.
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William M. Watson, Jr.
Senior Vice President, Counsel and Secretary
For: WACHOVIA BANK, NATIONAL ASSOCIATION
By: /s/ William M. Watson, Jr.
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William M. Watson, Jr.
Senior Vice President, Counsel and Secretary
SEE AGREEMENT ATTACHED AS EXHIBIT A
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CUSIP No. 929771103 Page 6 of 6
EXHIBIT A
AGREEMENT
February 10, 1999
The understanding hereby agree to file a joint statement on
Schedule 13G under the securities Exchange Act of 1934, as amended (the
"Act") in connection with their beneficial ownership of common stock
issued by Wachovia Corporation.
Each of the undersigned states that it is entitled to
individually use Schedule 13G pursuant to Rule 13d-1 (c) of the Act.
Each of the undersigned is responsible for the timely filing
of the statement and any amendments thereto, and for the completeness
of the statement and any amendments thereto, and for the completeness
and accuracy of the information concerning each of them contained
therein but none is responsible for the completeness of accuracy of the
information concerning the others.
This agreement applies to any amendments to Schedule 13G.
Wachovia Corporation
/s/ William M. Watson, Jr.
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William M. Watson, Jr.
Senior Vice President, Counsel and Secretary
Wachovia Bank, National Association
/s/ William M. Watson, Jr.
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William M. Watson, Jr.
Senior Vice President, Counsel and Secretary
