CITY INVESTING CO LIQUIDATING TRUST
SC 13D/A, 1999-03-02
FINANCE SERVICES
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                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                  SCHEDULE 13D
                                 (Rule 13d-101)

           INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
          TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
                                  RULE 13d-2(a)

                               (Amendment No. 11)


                   City Investing Company Liquidating Trust

                                (Name of Issuer)


                       Trust Units of Beneficial Interest

                         (Title of Class of Securities)


                               Cusip No. 177900107

                                 (CUSIP Number)

                                Thomas F. Steyer
                       Farallon Capital Management, L.L.C.
                         One Maritime Plaza, Suite 1325
                         San Francisco, California 94111
                                 (415) 421-2132

                (Name, Address and Telephone Number of Person
              Authorized to Receive Notices and Communications)


                                  March 1, 1999

           (Date of Event which Requires Filing of this Statement)

      If the filing person has  previously  filed a statement on Schedule 13G to
report the  acquisition  that is the subject of this Schedule 13D, and is filing
this  schedule  because  of Rule  13d-1(e),  13d-1(f)  or  13d-1(g),  check  the
following box [ ].

               Note.  Schedules  filed in paper  format  shall  include a signed
      original and five copies of the schedule, including all exhibits. See Rule
      13d-7(b) for other parties to whom copies are to be sent.


                         (Continued on following pages)

                               Page 1 of 46 Pages
                        Exhibit Index Located on Page 45

- --------
1    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  "filed"  for the  purpose of  Section 18 of the  Securities
          Exchange Act of 1934 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>


                                     13D
===============================
CUSIP No. 177900107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Farallon Capital Partners, L.P.
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) [   ]

                                                                     (b) [ X ]
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     SOURCE OF FUNDS*

         WC, OO
- ---------======================================================================
   5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
         TO ITEM 2(d) OR 2(e)
                                                                        [    ]

- ---------======================================================================
   6     CITIZENSHIP OR PLACE OF ORGANIZATION

         California
- ----------------------=========================================================
   NUMBER OF      7   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     8   SHARED VOTING POWER
   OWNED BY
                      3,294,943
                ------=========================================================
     EACH         9   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH    10   SHARED DISPOSITIVE POWER

                      3,294,943
- ----------------------=========================================================
   11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         3,294,943
- ---------======================================================================
   12    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
         CERTAIN SHARES*                                             [     ]

- ---------======================================================================
   13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         8.5 %
- ---------======================================================================
   14    TYPE OF REPORTING PERSON*

         PN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 2 of 46 Pages

<PAGE>


                                     13D
===============================
CUSIP No. 177900107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Farallon Capital Institutional Partners, L.P.
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) [   ]

                                                                     (b) [ X ]
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     SOURCE OF FUNDS*

         WC
- ---------======================================================================
   5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
         TO ITEM 2(d) OR 2(e)
                                                                        [    ]

- ---------======================================================================
   6     CITIZENSHIP OR PLACE OF ORGANIZATION

         California
- ----------------------=========================================================
   NUMBER OF      7   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     8   SHARED VOTING POWER
   OWNED BY
                      2,879,268
                ------=========================================================
     EACH         9   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH    10   SHARED DISPOSITIVE POWER

                      2,879,268
- ----------------------=========================================================
   11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         2,879,268
- ---------======================================================================
   12    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
         CERTAIN SHARES*                                             [     ]

- ---------======================================================================
   13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         7.4 %
- ---------======================================================================
   14    TYPE OF REPORTING PERSON*

         PN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 3 of 46 Pages

<PAGE>


                                     13D
===============================
CUSIP No. 177900107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Farallon Capital Institutional Partners II, L.P.
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) [   ]

                                                                     (b) [ X ]
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     SOURCE OF FUNDS*

         WC
- ---------======================================================================
   5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
         TO ITEM 2(d) OR 2(e)
                                                                        [    ]

- ---------======================================================================
   6     CITIZENSHIP OR PLACE OF ORGANIZATION

         California
- ----------------------=========================================================
   NUMBER OF      7   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     8   SHARED VOTING POWER
   OWNED BY
                      1,801,272
                ------=========================================================
     EACH         9   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH    10   SHARED DISPOSITIVE POWER

                      1,801,272
- ----------------------=========================================================
   11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         1,801,272
- ---------======================================================================
   12    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
         CERTAIN SHARES*                                             [     ]

- ---------======================================================================
   13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         4.6 %
- ---------======================================================================
   14    TYPE OF REPORTING PERSON*

         PN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 4 of 46 Pages

<PAGE>


                                     13D
===============================
CUSIP No. 177900107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Farallon Capital Institutional Partners III, L.P.
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) [   ]

                                                                     (b) [ X ]
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     SOURCE OF FUNDS*

         WC
- ---------======================================================================
   5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
         TO ITEM 2(d) OR 2(e)
                                                                        [    ]

- ---------======================================================================
   6     CITIZENSHIP OR PLACE OF ORGANIZATION

         Delaware
- ----------------------=========================================================
   NUMBER OF      7   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     8   SHARED VOTING POWER
   OWNED BY
                      305,400
                ------=========================================================
     EACH         9   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH    10   SHARED DISPOSITIVE POWER

                      305,400
- ----------------------=========================================================
   11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         305,400
- ---------======================================================================
   12    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
         CERTAIN SHARES*                                             [     ]

- ---------======================================================================
   13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         0.8 %
- ---------======================================================================
   14    TYPE OF REPORTING PERSON*

         PN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 5 of 46 Pages

<PAGE>


                                     13D
===============================
CUSIP No. 177900107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Tinicum Partners, L.P.
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) [   ]

                                                                     (b) [ X ]
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     SOURCE OF FUNDS*

         WC, OO
- ---------======================================================================
   5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
         TO ITEM 2(d) OR 2(e)
                                                                        [    ]

- ---------======================================================================
   6     CITIZENSHIP OR PLACE OF ORGANIZATION

         New York
- ----------------------=========================================================
   NUMBER OF      7   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     8   SHARED VOTING POWER
   OWNED BY
                      1,070,161
                ------=========================================================
     EACH         9   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH    10   SHARED DISPOSITIVE POWER

                      1,070,161
- ----------------------=========================================================
   11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         1,070,161
- ---------======================================================================
   12    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
         CERTAIN SHARES*                                             [     ]

- ---------======================================================================
   13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         2.7 %
- ---------======================================================================
   14    TYPE OF REPORTING PERSON*

         PN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 6 of 46 Pages

<PAGE>


13D
===============================
CUSIP No. 177900107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Farallon Capital (CP) Investors, L.P.
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) [   ]

                                                                     (b) [ X ]
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     SOURCE OF FUNDS*

         WC, OO
- ---------======================================================================
   5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
         TO ITEM 2(d) OR 2(e)
                                                                        [    ]

- ---------======================================================================
   6     CITIZENSHIP OR PLACE OF ORGANIZATION

         Cayman Islands
- ----------------------=========================================================
   NUMBER OF      7   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     8   SHARED VOTING POWER
   OWNED BY
                      42,100
                ------=========================================================
     EACH         9   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH    10   SHARED DISPOSITIVE POWER

                      42,100
- ----------------------=========================================================
   11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         42,100
- ---------======================================================================
   12    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
         CERTAIN SHARES*                                             [     ]

- ---------======================================================================
   13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         0.1 %
- ---------======================================================================
   14    TYPE OF REPORTING PERSON*

         PN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 7 of 46 Pages

<PAGE>


                                     13D
===============================
CUSIP No. 177900107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Farallon Capital Management, L.L.C.
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) [   ]

                                                                     (b) [ X ]
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     SOURCE OF FUNDS*

         OO
- ---------======================================================================
   5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
         TO ITEM 2(d) OR 2(e)
                                                                        [    ]

- ---------======================================================================
   6     CITIZENSHIP OR PLACE OF ORGANIZATION

         Delaware
- ----------------------=========================================================
   NUMBER OF      7   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     8   SHARED VOTING POWER
   OWNED BY
                      1,826,685
                ------=========================================================
     EACH         9   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH    10   SHARED DISPOSITIVE POWER

                      1,826,685
- ----------------------=========================================================
   11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         1,826,685
- ---------======================================================================
   12    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
         CERTAIN SHARES*                                             [     ]

- ---------======================================================================
   13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         4.7 %
- ---------======================================================================
   14    TYPE OF REPORTING PERSON*

         IA, OO
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 8 of 46 Pages

<PAGE>


                                     13D
===============================
CUSIP No. 177900107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Farallon Partners, L.L.C.
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) [   ]

                                                                     (b) [ X ]
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     SOURCE OF FUNDS*

         AF
- ---------======================================================================
   5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
         TO ITEM 2(d) OR 2(e)
                                                                        [    ]

- ---------======================================================================
   6     CITIZENSHIP OR PLACE OF ORGANIZATION

         Delaware
- ----------------------=========================================================
   NUMBER OF      7   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     8   SHARED VOTING POWER
   OWNED BY
                      9,393,144
                ------=========================================================
     EACH         9   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH    10   SHARED DISPOSITIVE POWER

                      9,393,144
- ----------------------=========================================================
   11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         9,393,144
- ---------======================================================================
   12    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
         CERTAIN SHARES*                                             [     ]

- ---------======================================================================
   13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         24.1 %
- ---------======================================================================
   14    TYPE OF REPORTING PERSON*

         OO
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 9 of 46 Pages

<PAGE>


                                     13D
===============================
CUSIP No. 177900107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Enrique H. Boilini
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) [   ]

                                                                     (b) [ X ]
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     SOURCE OF FUNDS*

         AF, OO
- ---------======================================================================
   5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
         TO ITEM 2(d) OR 2(e)
                                                                        [    ]

- ---------======================================================================
   6     CITIZENSHIP OR PLACE OF ORGANIZATION

         Argentina
- ----------------------=========================================================
   NUMBER OF      7   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     8   SHARED VOTING POWER
   OWNED BY
                      11,219,829
                ------=========================================================
     EACH         9   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH    10   SHARED DISPOSITIVE POWER

                      11,219,829
- ----------------------=========================================================
   11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         11,219,829
- ---------======================================================================
   12    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
         CERTAIN SHARES*                                             [     ]

- ---------======================================================================
   13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         28.8 %
- ---------======================================================================
   14    TYPE OF REPORTING PERSON*

         IN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 10 of 46 Pages

<PAGE>


                                     13D
===============================
CUSIP No. 177900107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         David I. Cohen
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) [   ]

                                                                     (b) [ X ]
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     SOURCE OF FUNDS*

         AF, OO
- ---------======================================================================
   5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
         TO ITEM 2(d) OR 2(e)
                                                                        [    ]

- ---------======================================================================
   6     CITIZENSHIP OR PLACE OF ORGANIZATION

         South Africa
- ----------------------=========================================================
   NUMBER OF      7   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     8   SHARED VOTING POWER
   OWNED BY
                      11,219,829
                ------=========================================================
     EACH         9   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH    10   SHARED DISPOSITIVE POWER

                      11,219,829
- ----------------------=========================================================
   11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         11,219,829
- ---------======================================================================
   12    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
         CERTAIN SHARES*                                             [     ]

- ---------======================================================================
   13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         28.8 %
- ---------======================================================================
   14    TYPE OF REPORTING PERSON*

         IN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 11 of 46 Pages

<PAGE>


                                     13D
===============================
CUSIP No. 177900107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Joseph F. Downes
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) [   ]

                                                                     (b) [ X ]
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     SOURCE OF FUNDS*

         AF, OO
- ---------======================================================================
   5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
         TO ITEM 2(d) OR 2(e)
                                                                        [    ]

- ---------======================================================================
   6     CITIZENSHIP OR PLACE OF ORGANIZATION

         United States
- ----------------------=========================================================
   NUMBER OF      7   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     8   SHARED VOTING POWER
   OWNED BY
                      11,219,829
                ------=========================================================
     EACH         9   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH    10   SHARED DISPOSITIVE POWER

                      11,219,829
- ----------------------=========================================================
   11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         11,219,829
- ---------======================================================================
   12    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
         CERTAIN SHARES*                                             [     ]

- ---------======================================================================
   13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         28.8 %
- ---------======================================================================
   14    TYPE OF REPORTING PERSON*

         IN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 12 of 46 Pages

<PAGE>


                                     13D
===============================
CUSIP No. 177900107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         William F. Duhamel
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) [   ]

                                                                     (b) [ X ]
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     SOURCE OF FUNDS*

         AF, OO
- ---------======================================================================
   5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
         TO ITEM 2(d) OR 2(e)
                                                                        [    ]

- ---------======================================================================
   6     CITIZENSHIP OR PLACE OF ORGANIZATION

         United States
- ----------------------=========================================================
   NUMBER OF      7   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     8   SHARED VOTING POWER
   OWNED BY
                      11,219,829
                ------=========================================================
     EACH         9   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH    10   SHARED DISPOSITIVE POWER

                      11,219,829
- ----------------------=========================================================
   11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         11,219,829
- ---------======================================================================
   12    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
         CERTAIN SHARES*                                             [     ]

- ---------======================================================================
   13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         28.8 %
- ---------======================================================================
   14    TYPE OF REPORTING PERSON*

         IN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 13 of 46 Pages

<PAGE>


                                     13D
===============================
CUSIP No. 177900107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Fleur E. Fairman
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) [   ]

                                                                     (b) [ X ]
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     SOURCE OF FUNDS*

         AF
- ---------======================================================================
   5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
         TO ITEM 2(d) OR 2(e)
                                                                        [    ]

- ---------======================================================================
   6     CITIZENSHIP OR PLACE OF ORGANIZATION

         United States
- ----------------------=========================================================
   NUMBER OF      7   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     8   SHARED VOTING POWER
   OWNED BY
                      9,393,144
                ------=========================================================
     EACH         9   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH    10   SHARED DISPOSITIVE POWER

                      9,393,144
- ----------------------=========================================================
   11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         9,393,144
- ---------======================================================================
   12    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
         CERTAIN SHARES*                                             [     ]

- ---------======================================================================
   13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         24.1 %
- ---------======================================================================
   14    TYPE OF REPORTING PERSON*

         IN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 14 of 46 Pages

<PAGE>


                                     13D
===============================
CUSIP No. 177900107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Jason M. Fish
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) [   ]

                                                                     (b) [ X ]
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     SOURCE OF FUNDS*

         AF, OO
- ---------======================================================================
   5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
         TO ITEM 2(d) OR 2(e)
                                                                        [    ]

- ---------======================================================================
   6     CITIZENSHIP OR PLACE OF ORGANIZATION

         United States
- ----------------------=========================================================
   NUMBER OF      7   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     8   SHARED VOTING POWER
   OWNED BY
                      11,219,829
                ------=========================================================
     EACH         9   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH    10   SHARED DISPOSITIVE POWER

                      11,219,829
- ----------------------=========================================================
   11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         11,219,829
- ---------======================================================================
   12    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
         CERTAIN SHARES*                                             [     ]

- ---------======================================================================
   13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         28.8 %
- ---------======================================================================
   14    TYPE OF REPORTING PERSON*

         IN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 15 of 46 Pages

<PAGE>


                                     13D
===============================
CUSIP No. 177900107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Andrew B. Fremder
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) [   ]

                                                                     (b) [ X ]
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     SOURCE OF FUNDS*

         AF, OO
- ---------======================================================================
   5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
         TO ITEM 2(d) OR 2(e)
                                                                        [    ]

- ---------======================================================================
   6     CITIZENSHIP OR PLACE OF ORGANIZATION

         United States
- ----------------------=========================================================
   NUMBER OF      7   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     8   SHARED VOTING POWER
   OWNED BY
                      11,219,829
                ------=========================================================
     EACH         9   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH    10   SHARED DISPOSITIVE POWER

                      11,219,829
- ----------------------=========================================================
   11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         11,219,829
- ---------======================================================================
   12    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
         CERTAIN SHARES*                                             [     ]

- ---------======================================================================
   13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         28.8 %
- ---------======================================================================
   14    TYPE OF REPORTING PERSON*

         IN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 16 of 46 Pages

<PAGE>


                                     13D
===============================
CUSIP No. 177900107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Richard B. Fried
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) [   ]

                                                                     (b) [ X ]
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     SOURCE OF FUNDS*

         AF, OO
- ---------======================================================================
   5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
         TO ITEM 2(d) OR 2(e)
                                                                        [    ]

- ---------======================================================================
   6     CITIZENSHIP OR PLACE OF ORGANIZATION

         United States
- ----------------------=========================================================
   NUMBER OF      7   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     8   SHARED VOTING POWER
   OWNED BY
                      11,219,829
                ------=========================================================
     EACH         9   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH    10   SHARED DISPOSITIVE POWER

                      11,219,829
- ----------------------=========================================================
   11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         11,219,829
- ---------======================================================================
   12    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
         CERTAIN SHARES*                                             [     ]

- ---------======================================================================
   13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         28.8 %
- ---------======================================================================
   14    TYPE OF REPORTING PERSON*

         IN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 17 of 46 Pages

<PAGE>


                                     13D
===============================
CUSIP No. 177900107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         William F. Mellin
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) [   ]

                                                                     (b) [ X ]
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     SOURCE OF FUNDS*

         AF, OO
- ---------======================================================================
   5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
         TO ITEM 2(d) OR 2(e)
                                                                        [    ]

- ---------======================================================================
   6     CITIZENSHIP OR PLACE OF ORGANIZATION

         United States
- ----------------------=========================================================
   NUMBER OF      7   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     8   SHARED VOTING POWER
   OWNED BY
                      11,219,829
                ------=========================================================
     EACH         9   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH    10   SHARED DISPOSITIVE POWER

                      11,219,829
- ----------------------=========================================================
   11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         11,219,829
- ---------======================================================================
   12    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
         CERTAIN SHARES*                                             [     ]

- ---------======================================================================
   13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         28.8 %
- ---------======================================================================
   14    TYPE OF REPORTING PERSON*

         IN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 18 of 46 Pages

<PAGE>


                                     13D
===============================
CUSIP No. 177900107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Stephen L. Millham
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) [   ]

                                                                     (b) [ X ]
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     SOURCE OF FUNDS*

         AF, OO
- ---------======================================================================
   5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
         TO ITEM 2(d) OR 2(e)
                                                                        [    ]

- ---------======================================================================
   6     CITIZENSHIP OR PLACE OF ORGANIZATION

         United States
- ----------------------=========================================================
   NUMBER OF      7   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     8   SHARED VOTING POWER
   OWNED BY
                      11,219,829
                ------=========================================================
     EACH         9   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH    10   SHARED DISPOSITIVE POWER

                      11,219,829
- ----------------------=========================================================
   11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         11,219,829
- ---------======================================================================
   12    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
         CERTAIN SHARES*                                             [     ]

- ---------======================================================================
   13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         28.8 %
- ---------======================================================================
   14    TYPE OF REPORTING PERSON*

         IN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 19 of 46 Pages

<PAGE>


                                     13D
===============================
CUSIP No. 177900107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Meridee A. Moore
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) [   ]

                                                                     (b) [ X ]
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     SOURCE OF FUNDS*

         AF, OO
- ---------======================================================================
   5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
         TO ITEM 2(d) OR 2(e)
                                                                        [    ]

- ---------======================================================================
   6     CITIZENSHIP OR PLACE OF ORGANIZATION

         United States
- ----------------------=========================================================
   NUMBER OF      7   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     8   SHARED VOTING POWER
   OWNED BY
                      11,219,829
                ------=========================================================
     EACH         9   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH    10   SHARED DISPOSITIVE POWER

                      11,219,829
- ----------------------=========================================================
   11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         11,219,829
- ---------======================================================================
   12    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
         CERTAIN SHARES*                                             [     ]

- ---------======================================================================
   13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         28.8 %
- ---------======================================================================
   14    TYPE OF REPORTING PERSON*

         IN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 20 of 46 Pages

<PAGE>


                                     13D
===============================
CUSIP No. 177900107
===============================

- ---------======================================================================
   1     NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

         Thomas F. Steyer
- ---------======================================================================
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) [   ]

                                                                     (b) [ X ]
- ---------======================================================================
   3     SEC USE ONLY

- ---------======================================================================
   4     SOURCE OF FUNDS*

         AF, OO
- ---------======================================================================
   5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
         TO ITEM 2(d) OR 2(e)
                                                                        [    ]

- ---------======================================================================
   6     CITIZENSHIP OR PLACE OF ORGANIZATION

         United States
- ----------------------=========================================================
   NUMBER OF      7   SOLE VOTING POWER

    SHARES            -0-
                ------=========================================================
 BENEFICIALLY     8   SHARED VOTING POWER
   OWNED BY
                      11,219,829
                ------=========================================================
     EACH         9   SOLE DISPOSITIVE POWER

   REPORTING          -0-
                ------=========================================================
  PERSON WITH    10   SHARED DISPOSITIVE POWER

                      11,219,829
- ----------------------=========================================================
   11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         11,219,829
- ---------======================================================================
   12    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
         CERTAIN SHARES*                                             [     ]

- ---------======================================================================
   13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         28.8 %
- ---------======================================================================
   14    TYPE OF REPORTING PERSON*

         IN
- ---------======================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                               Page 21 of 46 Pages

<PAGE>


      This Amendment No. 11 to Schedule 13D amends the Schedule 13D initially
filed on February 19, 1991 (collectively, with all amendments thereto, the
"Schedule 13D").

Item 2.  Identity and Background.

     Item 2 of the  Schedule  13D is amended  and  restated  in its  entirety as
     follows:

     (a) This  statement is filed by: (i)  Farallon  Capital  Partners,  L.P., a
California limited  partnership  ("FCP"),  with respect to the Units held by it;
(ii)  Farallon  Capital  Institutional  Partners,  L.P.,  a  California  limited
partnership  ("FCIP"),  with  respect  to the Units held by it:  (iii)  Farallon
Capital Institutional Partners II, L.P., a California limited partnership ("FCIP
II"), with respect to the Units held by it; (iv) Farallon Capital  Institutional
Partners III, L.P., a Delaware limited partnership ("FCIP III"), with respect to
the Units held by it; (v) Tinicum Partners, L.P., a New York limited partnership
("Tinicum"),  with respect to the Units held by it; (vi)  Farallon  Capital (CP)
Investors,  L.P., a Cayman Islands  limited  partnership (  "FCCP")(collectively
with FCP, FCIP, FCIP II, FCIP III and Tinicum, the "Partnerships"), with respect
to the Units held by it; (vii) Farallon Capital  Management,  L.L.C., a Delaware
limited liability company ("FCMLLC"), with respect to the Units held by Farallon
Capital  Offshore   Investors,   Inc.,  a  British  Virgin  Islands  corporation
("Offshore"),  and  certain  other  accounts  managed by FCMLLC  (together  with
Offshore, the "Managed Accounts"2); (viii) Farallon Partners, L.L.C., a Delaware
limited liability company  ("FPLLC"),  with respect to the Units held by each of
the Partnerships;  (ix) each of Enrique H. Boilini  ("Boilini"),  David I. Cohen
("Cohen"), Joseph F. Downes ("Downes"), William F. Duhamel ("Duhamel"), Jason M.
Fish  ("Fish"),  Andrew B.  Fremder  ("Fremder"),  Richard B.  Fried  ("Fried"),
William F. Mellin ("Mellin"),  Stephen L. Millham ("Millham"),  Meridee A. Moore
("Moore") and

- --------
2    Of the Units reported by FCMLLC on behalf of the Managed Accounts,  820,300
     Units  (equal  to   approximately   2.1%  of  the  total  Units   currently
     outstanding)  are held by The  Absolute  Return Fund of The Common  Fund, a
     non-profit  corporation  whose  principal  address  is 450 Post Road  East,
     Westport, Connecticut 06881.

                              Page 22 of 46 Pages
<PAGE>

Thomas F.  Steyer  ("Steyer"),  with  respect  to the Units  held by each of the
Partnerships and the Managed Accounts; and (x) Fleur E. Fairman ("Fairman") with
respect to the Units held by each of the Partnerships  (FCP, FCIP, FCIP II, FCIP
III, Tinicum,  FCCP, FCMLLC, FPLLC, Boilini,  Cohen, Downes,  Duhamel,  Fairman,
Fish, Fremder,  Fried, Mellin,  Millham,  Moore and Steyer shall collectively be
referred to hereafter as the "Reporting Persons").

     On March 1, 1999, an account managed by FCMLLC (the "Account")  transferred
its Units to Farallon  Capital (CP)  Investors,  L.P.  ("FCCP"),  a newly-formed
limited  partnership  whose  general  partner  is FPLLC and whose  sole  limited
partner is the Account.

     The  name,   address,   principal   business,   citizenship   or  state  of
organization,  executive  officers,  directors and controlling persons of FCMLLC
and FPLLC are set forth on Annex 1 hereto.  The Units  reported  hereby  for the
Partnerships are owned directly by the Partnerships and those reported by FCMLLC
on behalf of the Managed  Accounts are owned  directly by the Managed  Accounts.
Each of Boilini,  Cohen, Downes, Duhamel, Fish, Fremder, Fried, Mellin, Millham,
Moore and Steyer may be deemed,  as a managing member of FPLLC and FCMLLC, to be
the beneficial owner of all such Units. Each of FPLLC and Fairman, as a managing
member of FPLLC,  may be deemed  to be the  beneficial  owner of all such  Units
owned by the  Partnerships.  FCMLLC may be deemed to be the beneficial  owner of
all such Units owned by the Managed Accounts.  Each of FCMLLC,  FPLLC,  Boilini,
Cohen, Downes,  Duhamel,  Fairman, Fish, Fremder,  Fried, Mellin, Millham, Moore
and Steyer hereby disclaims any beneficial ownership of any such Units.

     (b) The address of the principal  business and principal  office of (i) the
Partnerships  (other than FCCP),  FCMLLC and FPLLC is One Maritime Plaza,  Suite
1325, San Francisco, California 94111, (ii) Offshore is Craigmuir Chambers, P.O.
Box 71, Road Town,  Tortola,  British  Virgin Islands and (iii) FCCP is c/o W.S.
Walker & Company, P.O. Box 265GT, Walker House, Grand

                              Page 23 of 46 Pages
<PAGE>

Cayman,  Cayman  Islands and c/o FPLLC,  One  Maritime  Plaza,  Suite 1325,  San
Francisco, California 94111.

     (c) The principal business of each of the Partnerships and Offshore is that
of a private  investment  fund engaging in the purchase and sale of  investments
for its own account.  The  principal  business of FPLLC is to act as the general
partner (the "General  Partner") of the Partnerships.  The principal business of
FCMLLC is that of a registered investment adviser.

     (d) None of the Partnerships, FCMLLC, FPLLC, Offshore or any of the persons
listed on Annex 1 hereto has,  during the last five years,  been  convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors).

     (e) None of the Partnerships, FCMLLC, FPLLC, Offshore or any of the persons
listed on Annex 1 hereto has, during the last five years,  been party to a civil
proceeding of a judicial or administrative  body of competent  jurisdiction and,
as a result of such  proceeding,  was, or is subject  to, a judgment,  decree or
final  order  enjoining  future  violations  of,  or  prohibiting  or  mandating
activities subject to, federal or state securities laws or finding any violation
with respect to such laws.

Item 3. Source and Amount of Funds and Other Consideration.

      Item 3 of the Schedule 13D is amended and supplemented by the following:

     The net investment cost (including commissions) is approximately $61,133.52
for the 46,800 Units acquired by FCP since the filing of the prior Schedule 13D,
approximately $101,487.64 for the 77,516 Units acquired by FCIP since the filing
of the  prior  Schedule  13D,  approximately  $18,996.01  for the  14,500  Units
acquired by FCIP II since the filing of the prior  Schedule  13D,  approximately
$24,595.63  for the 18,800  Units  acquired  by FCIP III since the filing of the
prior  Schedule 13D,  approximately  $7,709.88  for the 5,900 Units  acquired by
Tinicum since the filing of the prior Schedule 13D, approximately  $7,982.13 for
the 6,100 Units  acquired by the Account  prior to the formation of the FCCP and
since the filing of the prior Schedule 13D and approximately

                              Page 24 of 46 Pages
<PAGE>

$188,484.07  for the 144,300  Units  acquired by the Managed  Accounts  (but not
including the Account)  since the filing of the prior Schedule 13D.

      The consideration for such acquisitions was obtained as follows:  (i) with
respect to FCIP, FCIP II and FCIP III, from working  capital;  (ii) with respect
to the Managed Accounts, from the working capital of each Managed Account and/or
from borrowings pursuant to margin accounts maintained in the ordinary course of
business by some of the Managed Accounts at Goldman, Sachs & Co.; and (iii) with
respect to FCP,  Tinicum and FCCP,  from working  capital and/or from borrowings
pursuant to margin  accounts  maintained  in the ordinary  course of business by
FCP, Tinicum and FCCP at Goldman, Sachs & Co. FCP, Tinicum, FCCP and some of the
Managed Accounts hold certain  securities in their respective margin accounts at
Goldman,  Sachs & Co.,  and the  accounts  may  from  time  to time  have  debit
balances. It is not possible to determine the amount of borrowings, if any, used
to acquire the Units.

Item 5.  Interest in Securities of the Issuer.

      Item 5 of the  Schedule  13D is amended and  restated  in its  entirety as
follows:

A.   Farallon Capital Partners, L.P.

     (a), (b)  The  information  set forth in Rows 7, 8, 9, 10, 11 and 13 of the
               cover page hereto for FCP is  incorporated  herein by  reference.
               The percentage  amount set forth in Row 13 of such cover page and
               of each other cover page filed  herewith as well as Footnote  Two
               hereto is calculated based upon the 38,979,372 Units  outstanding
               as of December  31, 1998 as reported by the Company in its Annual
               Report on Form 10-K for the fiscal year ended  December  31, 1998
               filed with the Securities and Exchange Commission on February 17,
               1999.

     (c)  The trade dates,  number of Units  purchased or sold and the price per
          Unit for all  purchases and sales of the Units in the past 60 days are
          set  forth  on  Schedule  A  hereto  and are  incorporated  herein  by
          reference. All of such transactions were open-market transactions.

                              Page 25 of 46 Pages
<PAGE>

     (d)  FPLLC as General  Partner  has the power to direct the affairs of FCP,
          including  the  disposition  of the proceeds of the sale of the Units.
          Steyer is the senior  managing  member of FPLLC,  and Boilini,  Cohen,
          Downes,  Duhamel,  Fairman, Fish, Fremder,  Fried, Mellin, Millham and
          Moore are managing members of FPLLC.

     (e)  Not applicable.

B.   Farallon Capital Institutional Partners, L.P.

     (a), (b)  The  information  set forth in Rows 7, 8, 9, 10, 11 and 13 of the
               cover page hereto for FCIP is incorporated herein by reference.

     (c)  The trade dates,  number of Units  purchased or sold and the price per
          Unit for all  purchases and sales of the Units in the past 60 days are
          set  forth  on  Schedule  B  hereto  and are  incorporated  herein  by
          reference. All of such transactions were open-market transactions.

     (d)  FPLLC as General  Partner has the power to direct the affairs of FCIP,
          including  the  disposition  of the proceeds of the sale of the Units.
          Steyer is the  senior  managing  member of FPLLC and  Boilini,  Cohen,
          Downes,  Duhamel,  Fairman, Fish, Fremder,  Fried, Mellin, Millham and
          Moore are managing members of FPLLC.

     (e)  Not applicable.

C.   Farallon Capital Institutional Partners II, L.P.

     (a), (b)  The  information  set forth in Rows 7, 8, 9, 10, 11 and 13 of the
               cover  page  hereto  for  FCIP  II  is  incorporated   herein  by
               reference.

     (c)  The trade dates,  number of Units  purchased or sold and the price per
          Unit for all  purchases and sales of the Units in the past 60 days are
          set  forth  on  Schedule  C  hereto  and are  incorporated  herein  by
          reference. All of such transactions were open-market transactions.

     (d)  FPLLC as General  Partner  has the power to direct the affairs of FCIP
          II,  including  the  disposition  of the  proceeds  of the sale of the
          Units.  Steyer is the  senior  managing  member of FPLLC and  Boilini,
          Cohen, Downes, Duhamel, Fairman, Fish, Fremder, Fried, Mellin, Millham
          and Moore are managing members of FPLLC.

     (e)  Not applicable.

D.   Farallon Capital Institutional Partners III, L.P.

                              Page 26 of 46 Pages
<PAGE>

     (a), (b)  The  information  set forth in Rows 7, 8, 9, 10, 11 and 13 of the
               cover  page  hereto  for  FCIP  III  is  incorporated  herein  by
               reference.

     (c)  The trade dates,  number of Units  purchased or sold and the price per
          Unit for all  purchases and sales of the Units in the past 60 days are
          set  forth  on  Schedule  D  hereto  and are  incorporated  herein  by
          reference. All of such transactions were open-market transactions.

     (d)  FPLLC as General  Partner  has the power to direct the affairs of FCIP
          III,  including  the  disposition  of the  proceeds of the sale of the
          Units.  Steyer is the  senior  managing  member of FPLLC and  Boilini,
          Cohen, Downes, Duhamel, Fairman, Fish, Fremder, Fried, Mellin, Millham
          and Moore are managing members of FPLLC.

     (e)  Not applicable.

E.   Tinicum Partners, L.P.

     (a), (b)  The  information  set forth in Rows 7, 8, 9, 10, 11 and 13 of the
               cover  page  hereto  for  Tinicum  is   incorporated   herein  by
               reference.

     (c)  The trade dates,  number of Units  purchased or sold and the price per
          Unit for all  purchases  and sales of the Units in the past 60 are set
          forth on Schedule E hereto and are  incorporated  herein by reference.
          All of such transactions were open-market transactions.

     (d)  FPLLC as  General  Partner  has the power to  direct  the  affairs  of
          Tinicum,  including the disposition of the proceeds of the sale of the
          Units.  Steyer is the  senior  managing  member of FPLLC and  Boilini,
          Cohen, Downes, Duhamel, Fairman, Fish, Fremder, Fried, Mellin, Millham
          and Moore are managing members of FPLLC.

     (e)  Not applicable.


F.   Farallon Capital (CP) Investors, L.P.

     (a), (b)  The  information  set forth in Rows 7, 8, 9, 10, 11 and 13 of the
               cover page hereto for FCCP is incorporated herein by reference.

     (c)  Schedule F sets forth the number of Units  transferred  to FCCP by the
          Account on March 1, 1999.  There  have been no  purchases  or sales by
          FCCP in the past 60 days.

     (d)  FPLLC as General  Partner  has the power to direct the affairs of FCCP
          including  the  disposition  of the proceeds of the sale of the Units.
          Steyer is the  senior  managing  member of FPLLC and  Boilini,  Cohen,
          Downes,  

                              Page 27 of 46 Pages
<PAGE>

          Duhamel,  Fairman, Fish, Fremder, Fried, Mellin, Millham and Moore are
          managing members of FPLLC.

     (e)  Not applicable.

G.   Farallon Capital Management, L.L.C.

     (a), (b)  The  information  set forth in Rows 7, 8, 9, 10, 11 and 13 of the
               cover page hereto for FCMLLC is incorporated herein by reference.

     (c)  The trade dates,  number of Units  purchased or sold and the price per
          Unit for all  transactions by the Managed Accounts in the past 60 days
          are set forth on  Schedule  G hereto  and are  incorporated  herein by
          reference.  All of such  transactions  were open-market  transactions.
          Schedule G also sets forth the number of Units  transferred to FCCP by
          the Account on March 1, 1999.

     (d)  FCMLLC,  as an  investment  adviser,  has  the  power  to  direct  the
          disposition  of the  proceeds  of the  sale of the  Units  held by the
          Managed  Accounts.  Steyer is the senior managing member of FCMLLC and
          Boilini, Cohen, Downes, Duhamel, Fish, Fremder, Fried, Mellin, Millham
          and Moore are managing members of FCMLLC.

     (e)  Not applicable.

H.   Farallon Partners, L.L.C.

     (a), (b)  The  information set forth in rows 7, 8, 9, 10, 11, and 13 of the
               cover page hereto for FPLLC is incorporated herein by reference.

     (c)  None.

     (d)  FPLLC as General  Partner  has the power to direct the  affairs of the
          Partnerships, including the disposition of the proceeds of the sale of
          the Units.  Steyer is the senior managing member of FPLLC and Boilini,
          Cohen, Downes, Duhamel, Fairman, Fish, Fremder, Fried, Mellin, Millham
          and Moore are managing members of FPLLC.

     (e)  Not applicable.

I.   Enrique H. Boilini

     (a), (b)  The  information  set forth in Rows 7, 8, 9, 10, 11 and 13 of the
               cover  page  hereto  for  Boilini  is   incorporated   herein  by
               reference.

     (c)  None.

                              Page 28 of 46 Pages
<PAGE>

     (d)  FPLLC as General  Partner  has the power to direct the  affairs of the
          Partnerships, including the disposition of the proceeds of the sale of
          the Units.  FCMLLC, as an investment adviser,  has the power to direct
          the  disposition  of the proceeds of the sale of the Units held by the
          Managed Accounts. Boilini is a managing member of FCMLLC and FPLLC.

     (e)  Not applicable.

J.   David I. Cohen

     (a), (b)  The  information  set forth in Rows 7, 8, 9, 10, 11 and 13 of the
               cover page hereto for Cohen is incorporated herein by reference.

     (c)  None.

     (d)  FPLLC as General  Partner  has the power to direct the  affairs of the
          Partnerships, including the disposition of the proceeds of the sale of
          the Units.  FCMLLC, as an investment adviser,  has the power to direct
          the  disposition  of the proceeds of the sale of the Units held by the
          Managed Accounts. Cohen is a managing member of FCMLLC and FPLLC.

     (e)  Not applicable.

K.   Joseph F. Downes

     (a), (b)  The  information  set forth in Rows 7, 8, 9, 10, 11 and 13 of the
               cover page hereto for Downes is incorporated herein by reference.

     (c)  None.

     (d)  FPLLC as General  Partner  has the power to direct the  affairs of the
          Partnerships, including the disposition of the proceeds of the sale of
          the Units.  FCMLLC, as an investment adviser,  has the power to direct
          the  disposition  of the proceeds of the sale of the Units held by the
          Managed Accounts. Downes is a managing member of FCMLLC and FPLLC.

     (e)  Not applicable.

L.   William F. Duhamel

     (a), (b)  The  information  set forth in Rows 7, 8, 9, 10, 11 and 13 of the
               cover  page  hereto  for  Duhamel  is   incorporated   herein  by
               reference.

     (c)  None.

                              Page 29 of 46 Pages
<PAGE>

     (d)  FPLLC as General  Partner  has the power to direct the  affairs of the
          Partnerships, including the disposition of the proceeds of the sale of
          the Units.  FCMLLC, as an investment adviser,  has the power to direct
          the  disposition  of the proceeds of the sale of the Units held by the
          Managed Accounts. Duhamel is a managing member of FCMLLC and FPLLC.

     (e)  Not applicable.

M.   Fleur E. Fairman

     (a), (b)  The  information  set forth in Rows 7, 8, 9, 10, 11 and 13 of the
               cover  page  hereto  for  Fairman  is   incorporated   herein  by
               reference.

     (c)  None.

     (d)  FPLLC as General  Partner  has the power to direct the  affairs of the
          Partnerships, including the disposition of the proceeds of the sale of
          the Units. Fairman is a managing member of FPLLC.

     (e)  Not applicable.

N.   Jason M. Fish

     (a), (b)  The  information  set forth in Rows 7, 8, 9, 10, 11 and 13 of the
               cover page hereto for Fish is incorporated herein by reference.

     (c)  None.

     (d)  FPLLC as General  Partner  has the power to direct the  affairs of the
          Partnerships, including the disposition of the proceeds of the sale of
          the Units.  FCMLLC, as an investment adviser,  has the power to direct
          the  disposition  of the proceeds of the sale of the Units held by the
          Managed Accounts. Fish is a managing member of FCMLLC and FPLLC.

     (e)  Not applicable.

O.   Andrew B. Fremder

     (a), (b)  The  information  set forth in Rows 7, 8, 9, 10, 11 and 13 of the
               cover  page  hereto  for  Fremder  is   incorporated   herein  by
               reference. 

     (c)  None.

     (d)  FPLLC as General  Partner  has the power to direct the  affairs of the
          Partnerships, including the disposition of the proceeds of the sale of
          the Units.  FCMLLC, as an investment adviser,  has the power to direct
          the  disposition  

                              Page 30 of 46 Pages
<PAGE>

          of the proceeds of the sale of the Units held by the Managed Accounts.
          Fremder is a managing member of FCMLLC and FPLLC.

     (e)  Not applicable.

P.   Richard B. Fried

     (a), (b)  The  information  set forth in Rows 7, 8, 9, 10, 11 and 13 of the
               cover page hereto for Fried is incorporated herein by reference.

     (c)  None.

     (d)  FPLLC as General  Partner  has the power to direct the  affairs of the
          Partnerships, including the disposition of the proceeds of the sale of
          the Units.  FCMLLC, as an investment adviser,  has the power to direct
          the  disposition  of the proceeds of the sale of the Units held by the
          Managed Accounts. Fried is a managing member of FCMLLC and FPLLC.

     (e)  Not applicable.

Q.   William F. Mellin

     (a), (b)  The  information  set forth in Rows 7, 8, 9, 10, 11 and 13 of the
               cover page hereto for Mellin is incorporated herein by reference.

     (c)  None.

     (d)  FPLLC as General  Partner  has the power to direct the  affairs of the
          Partnerships, including the disposition of the proceeds of the sale of
          the Units.  FCMLLC, as an investment adviser,  has the power to direct
          the  disposition  of the proceeds of the sale of the Units held by the
          Managed Accounts. Mellin is a managing member of FCMLLC and FPLLC.

     (e)  Not applicable.

R.   Stephen L. Millham

     (a), (b)  The  information  set forth in Rows 7, 8, 9, 10, 11 and 13 of the
               cover  page  hereto  for  Millham  is   incorporated   herein  by
               reference.

     (c)  None.

     (d)  FPLLC as General  Partner  has the power to direct the  affairs of the
          Partnerships, including the disposition of the proceeds of the sale of
          the Units.  FCMLLC, as an investment adviser,  has the power to direct
          the  disposition  of the proceeds of the sale of the Units held by the
          Managed Accounts. Millham is a managing member of FCMLLC and FPLLC.

                              Page 31 of 46 Pages
<PAGE>

     (e)  Not applicable.

S.   Meridee A. Moore

     (a), (b)  The  information  set forth in Rows 7, 8, 9, 10, 11 and 13 of the
               cover page hereto for Moore is incorporated herein by reference.

     (c)  None.

     (d)  FPLLC as General  Partner  has the power to direct the  affairs of the
          Partnerships, including the disposition of the proceeds of the sale of
          the Units.  FCMLLC, as an investment adviser,  has the power to direct
          the  disposition  of the proceeds of the sale of the Units held by the
          Managed Accounts. Moore is a managing member of FCMLLC and FPLLC.

     (e)  Not applicable.

T.   Thomas F. Steyer

     (a), (b)  The  information  set forth in Rows 7, 8, 9, 10, 11 and 13 of the
               cover page hereto for Steyer is incorporated herein by reference.

     (c)  None.

     (d)  FPLLC as General  Partner  has the power to direct the  affairs of the
          Partnerships, including the disposition of the proceeds of the sale of
          the Units.  FCMLLC, as an investment adviser,  has the power to direct
          the  disposition  of the proceeds of the sale of the Units held by the
          Managed  Accounts.  Steyer is the senior managing member of FCMLLC and
          FPLLC.

     (e)  Not applicable.

     The Units reported  hereby for the  Partnerships  are owned directly by the
Partnerships  and those reported by FCMLLC on behalf of the Managed Accounts are
owned directly by the Managed Accounts. Each of Boilini, Cohen, Downes, Duhamel,
Fish,  Fremder,  Fried,  Mellin,  Millham,  Moore and Steyer may be deemed, as a
managing  member of FPLLC and  FCMLLC,  to be the  beneficial  owner of all such
Units.  Each of FPLLC and Fairman,  as a managing member of FPLLC, may be deemed
to be the beneficial owner of all such Units owned by the  Partnerships.  FCMLLC
may be deemed to be the beneficial  owner of all such Units owned by the Managed
Accounts. Each of FCMLLC, FPLLC, Boilini, Cohen, Downes, Duhamel, Fairman, Fish,
Fremder,   Fried,  Mellin,  Millham,  Moore  and  Steyer  hereby  disclaims  any
beneficial ownership of any such Units.


Item 7.  Materials to be Filed as Exhibits.

     There is filed  herewith as Exhibit 1 a written  agreement  relating to the
filing of joint acquisition 

                              Page 32 of 46 Pages
<PAGE>

statements as required by Rule 13d-1(f)(1) under the Securities  Exchange Act of
1934, as amended.

                              Page 33 of 46 Pages
<PAGE>


                                   SIGNATURES


      After reasonable  inquiry and to the best of our knowledge and belief, the
undersigned  certify that the  information  set forth in this statement is true,
complete and correct.

Dated: March 2, 1999


                        /s/ Thomas F. Steyer
                        FARALLON  PARTNERS,  L.L.C.,  on its own  behalf  and as
                        General  Partner of  FARALLON  CAPITAL  PARTNERS,  L.P.,
                        FARALLON CAPITAL INSTITUTIONAL PARTNERS,  L.P., FARALLON
                        CAPITAL   INSTITUTIONAL   PARTNERS  II,  L.P.,  FARALLON
                        CAPITAL   INSTITUTIONAL   PARTNERS  III,  L.P.,  TINICUM
                        PARTNERS,  L.P.,  and FARALLON  CAPITAL (CP)  INVESTORS,
                        L.P.
                        By Thomas F. Steyer,
                        Senior Managing Member



                        /s/ Thomas F. Steyer
                        FARALLON CAPITAL MANAGEMENT, L.L.C.,
                        By Thomas F. Steyer,
                        Senior Managing Member



                        /s/ Thomas F. Steyer 
                        Thomas F. Steyer,  individually and as attorney-in-fact
                        for each of  Enrique  H.  Boilini,  David I.  Cohen,
                        Joseph  F. Downes, William F. Duhamel, Fleur E. Fairman,
                        Jason M. Fish, Andrew B. Fremder, Richard B. Fried,
                        William F. Mellin, Stephen L. Millham, 
                        and Meridee A. Moore.





      The Powers of Attorney executed by Boilini,  Cohen, Downes, Fairman, Fish,
Fremder,  Mellin,  Millham  and Moore  authorizing  Steyer to sign and file this
Schedule 13D on each person's  behalf,  which were filed with Amendment No. 1 to
the Schedule 13D filed with the Securities and Exchange  Commission on September
26, 1997, by such  Reporting  Persons with respect to the Common Stock of Sphere
Drake Holdings  Limited,  are hereby  incorporated  by reference.  The Powers of
Attorney executed by Duhamel and Fried authorizing  Steyer to sign and file this
Schedule 13D on each person's  behalf,  which were filed with Amendment No. 1 to
the Schedule 13G filed with the  Securities  and Exchange  Commission on January
13, 1999, by such Reporting  Persons with respect to the Callable Class A Common
Shares of CliniChem Development Inc., are hereby incorporated by reference.

                              Page 34 of 46 Pages
<PAGE>



                                                                         ANNEX 1



      Set forth  below with  respect to FCMLLC and FPLLC is the  following:  (a)
name; (b) address;  (c) principal business;  (d) state of organization;  and (e)
controlling  persons.  Set forth below with respect to each  managing  member of
FCMLLC and FPLLC is the following: (a) name; (b) business address; (c) principal
occupation; and (d) citizenship.

1.    (a)   Farallon Capital Management, L.L.C.
      (b)   One Maritime Plaza, Suite 1325
            San Francisco, California  94111
      (c)   Serves as investment adviser to various managed accounts
      (d)   Delaware limited liability company
      (e)   Managing  Members:  Thomas  F.  Steyer,  Senior  Managing  Member;
            Enrique H. Boilini,  David I. Cohen, Joseph F. Downes,  William F.
            Duhamel,  Jason M. Fish,  Andrew B.  Fremder,  Richard  B.  Fried,
            William  F.  Mellin,  Stephen L.  Millham  and  Meridee A.  Moore,
            Managing Members.

2.    (a) Farallon Partners, L.L.C. (b) c/o Farallon Capital Management, L.L.C.
            One Maritime Plaza, Suite 1325
            San Francisco, California  94111
      (c)   Serves as general partner to investment partnerships
      (d)   Delaware limited liability company
      (e)   Managing  Members:  Thomas  F.  Steyer,  Senior  Managing  Member;
            Enrique H. Boilini,  David I. Cohen, Joseph F. Downes,  William F.
            Duhamel,  Fleur E.  Fairman,  Jason M.  Fish,  Andrew B.  Fremder,
            Richard B.  Fried,  William F.  Mellin,  Stephen  L.  Millham  and
            Meridee A. Moore, Managing Members.

3.    (a)   Enrique H. Boilini
      (b)   c/o Farallon Capital Management, L.L.C.
            75 Holly Hill Lane
            Greenwich, Connecticut  06830
      (c)   Managing Member of Farallon Partners,  L.L.C.;  Managing Member of
            Farallon Capital Management, L.L.C.
      (d)   Argentinean Citizen

4.    (a)   David I. Cohen
      (b)   c/o Farallon Capital Management, L.L.C.
            One Maritime Plaza, Suite 1325
            San Francisco, California  94111
      (c)   Managing Member of Farallon Partners,  L.L.C.;  Managing Member of
            Farallon Capital Management, L.L.C.
      (d)   South African Citizen

                              Page 35 of 46 Pages
<PAGE>

5.    (a)   Joseph F. Downes
      (b)   c/o Farallon Capital Management, L.L.C.
            One Maritime Plaza, Suite 1325
            San Francisco, California  94111
      (c)   Managing Member of Farallon Partners,  L.L.C.;  Managing Member of
            Farallon Capital Management, L.L.C.
      (d)   United States Citizen

6.    (a)   William F. Duhamel
      (b)   c/o Farallon Capital Management, L.L.C.
            One Maritime Plaza, Suite 1325
            San Francisco, California  94111
      (c)   Managing Member of Farallon Partners,  L.L.C.;  Managing Member of
            Farallon Capital Management, L.L.C.
      (d)   United States Citizen

7.    (a)   Fleur E. Fairman
      (b)   c/o Farallon Capital Management, L.L.C.
            One Maritime Plaza, Suite 1325
            San Francisco, California  94111
      (c)   Managing Member of Farallon Partners, L.L.C.
      (d)   United States Citizen

8.    (a)   Jason M. Fish
      (b)   c/o Farallon Capital Management, L.L.C.
            One Maritime Plaza, Suite 1325
            San Francisco, California  94111
      (c)   Managing Member of Farallon Partners,  L.L.C.;  Managing Member of
            Farallon Capital Management, L.L.C.
      (d)   United States Citizen

9.    (a)   Andrew B. Fremder
      (b)   c/o Farallon Capital Management, L.L.C.
            One Maritime Plaza, Suite 1325
            San Francisco, California  94111
      (c)   Managing Member of Farallon Partners,  L.L.C.;  Managing Member of
            Farallon Capital Management, L.L.C.
      (d)   United States Citizen

10.   (a)   Richard B. Fried
      (b)   c/o Farallon Capital Management, L.L.C.
            One Maritime Plaza, Suite 1325
            San Francisco, California  94111
      (c)   Managing Member of Farallon Partners,  L.L.C.;  Managing Member of
            Farallon Capital Management, L.L.C.
      (d)   United States Citizen

                              Page 36 of 46 Pages
<PAGE>

11.   (a)   William F. Mellin
      (b)   c/o Farallon Capital Management, L.L.C.
            One Maritime Plaza, Suite 1325
            San Francisco, California  94111
      (c)   Managing Member of Farallon Partners,  L.L.C.;  Managing Member of
            Farallon Capital Management, L.L.C.
      (d)   United States Citizen

12.   (a)   Stephen L. Millham
      (b)   c/o Farallon Capital Management, L.L.C.
            One Maritime Plaza, Suite 1325
            San Francisco, California  94111
      (c)   Managing Member of Farallon Partners,  L.L.C.;  Managing Member of
            Farallon Capital Management, L.L.C.
      (d)   United States Citizen

13.   (a)   Meridee A. Moore
      (b)   c/o Farallon Capital Management, L.L.C.
            One Maritime Plaza, Suite 1325
            San Francisco, California  94111
      (c)   Managing Member of Farallon Partners,  L.L.C.;  Managing Member of
            Farallon Capital Management, L.L.C.
      (d)   United States Citizen

14.   (a)   Thomas F. Steyer
      (b)   c/o Farallon Capital Management, L.L.C.
            One Maritime Plaza, Suite 1325
            San Francisco, California  94111
      (c)   Senior Managing Member of Farallon Partners, L.L.C.; Senior Managing
            Member of Farallon Capital Management, L.L.C.
      (d)   United States Citizen


                              Page 37 of 46 Pages
<PAGE>


                                   SCHEDULE A

                         FARALLON CAPITAL PARTNERS, L.P.


                                 NO. OF UNITS
                                 PURCHASED (P)            PRICE
       TRADE DATE                 OR SOLD (S)            PER UNIT 
                                                  (including commission)

        01-11-99                   5,600 (P)                 $1.31
        01-19-99                   2,700 (P)                 $1.31
        01-29-99                   4,400 (P)                 $1.31

                              Page 38 of 46 Pages
<PAGE>


                                   SCHEDULE B

                  FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.


                                 NO. OF UNITS
                                 PURCHASED (P)            PRICE
       TRADE DATE                 OR SOLD (S)            PER UNIT 
                                                  (including commission)

        01-11-99                   7,800 (P)                 $1.31
        01-19-99                   2,300 (P)                 $1.31
        01-29-99                   7,500 (P)                 $1.31

                              Page 39 of 46 Pages
<PAGE>


                                   SCHEDULE C

               FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.


                                 NO. OF UNITS
                                 PURCHASED (P)            PRICE
       TRADE DATE                 OR SOLD (S)            PER UNIT 
                                                  (including commission)

        01-11-99                     600 (P)                 $1.31
        01-19-99                     100 (P)                 $1.31
        01-29-99                   1,500 (P)                 $1.31

                              Page 40 of 46 Pages
<PAGE>


                                   SCHEDULE D

              FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.


                                 NO. OF UNITS
                                 PURCHASED (P)            PRICE
       TRADE DATE                 OR SOLD (S)            PER UNIT 
                                                  (including commission)

        01-11-99                   2,800 (P)                 $1.31
        01-19-99                   1,500 (P)                 $1.31
        01-29-99                   1,000 (P)                 $1.31

                              Page 41 of 46 Pages
<PAGE>


                                   SCHEDULE E

                             TINICUM PARTNERS, L.P.


                                 NO. OF UNITS
                                 PURCHASED (P)            PRICE
       TRADE DATE                 OR SOLD (S)            PER UNIT 
                                                  (including commission)

        01-11-99                     300 (P)                 $1.31
        01-19-99                     100 (P)                 $1.31
        01-29-99                     500 (P)                 $1.31

                              Page 42 of 46 Pages
<PAGE>

                                   SCHEDULE F

                      FARALLON CAPITAL (CP) INVESTORS, L.P.


                                 NO. OF UNITS
                                TRANSFERRED (T)
                                 PURCHASED (P)            PRICE
       TRADE DATE                 OR SOLD (S)            PER UNIT 
                                                  (including commission)

        03-01-99                  42,100 (T)3               N/A

- --------
3    On March 1, 1999, an account managed by FCMLLC (the "Account')  transferred
     its Units to Farallon Capital (CP) Investors,  L.P., a newly-formed limited
     partnership  whose general  partner is FPLLC and whose sole limited partner
     is the  Account.  3On March 1,  1999,  an account  managed  by FCMLLC  (the
     "Account') transferred its Units to Farallon Capital (CP) Investors,  L.P.,
     a newly-formed limited partnership whose general partner is FPLLC and whose
     sole limited partner is the Account.

                              Page 43 of 46 Pages
<PAGE>


                                   SCHEDULE G

                       FARALLON CAPITAL MANAGEMENT, L.L.C.


                                 NO. OF UNITS
                                TRANSFERRED (T)
                                 PURCHASED (P)            PRICE
       TRADE DATE                 OR SOLD (S)            PER UNIT 
                                                  (including commission)

        01-11-99                   9,400 (P)                 $1.31
        01-19-99                   4,600 (P)                 $1.31
        01-29-99                   8,500 (P)                 $1.31

        01-11-99                     300 (P)                 $1.31
        01-19-99                     100 (P)                 $1.31
        01-29-99                     300 (P)                 $1.31

        01-11-99                     600 (P)                 $1.31
        01-19-99                     300 (P)                 $1.31
        01-29-99                     300 (P)                 $1.31
        03-01-99                  42,100 (T)3                N/A

        01-11-99                     600 (P)                 $1.31
        01-19-99                     800 (P)                 $1.31
        01-29-99                   1,000 (P)                 $1.31


- --------
3    On March 1, 1999, an account managed by FCMLLC (the "Account')  transferred
     its Units to Farallon Capital (CP) Investors,  L.P., a newly-formed limited
     partnership  whose general  partner is FPLLC and whose sole limited partner
     is the  Account.  3On March 1,  1999,  an account  managed  by FCMLLC  (the
     "Account') transferred its Units to Farallon Capital (CP) Investors,  L.P.,
     a newly-formed limited partnership whose general partner is FPLLC and whose
     sole limited partner is the Account.


                              Page 44 of 46 Pages
<PAGE>

                           Exhibit Index

         Exhibit 1         Joint  Acquisition   Statement   Pursuant  to  Rule
                           13D-(f)(1)


                              Page 45 of 46 Pages
<PAGE>


                                                                       EXHIBIT 1
                                                                              to
                                                                    SCHEDULE 13D

                           JOINT ACQUISITION STATEMENT
                           PURSUANT TO RULE 13D-(f)(1)

     The  undersigned  acknowledge  and agree that the  foregoing  statement  on
Schedule  13D is  filed  on  behalf  of each of the  undersigned  and  that  all
subsequent amendments to this statement on Schedule 13D shall be filed on behalf
of each of the  undersigned  without the  necessity of filing  additional  joint
acquisition   statements.   The  undersigned  acknowledge  that  each  shall  be
responsible for the timely filing of such  amendments,  and for the completeness
and accuracy of the information concerning him, her or it contained therein, but
shall not be responsible  for the  completeness  and accuracy of the information
concerning the other  entities or persons,  except to the extent that he, she or
it knows or has reason to believe that such information is inaccurate.

Dated: March 2, 1999


                        /s/ Thomas F. Steyer
                        FARALLON  PARTNERS,  L.L.C.,  on its own  behalf  and as
                        General  Partner of  FARALLON  CAPITAL  PARTNERS,  L.P.,
                        FARALLON CAPITAL INSTITUTIONAL PARTNERS,  L.P., FARALLON
                        CAPITAL   INSTITUTIONAL   PARTNERS  II,  L.P.,  FARALLON
                        CAPITAL   INSTITUTIONAL   PARTNERS  III,  L.P.,  TINICUM
                        PARTNERS,  L.P.,  and FARALLON  CAPITAL (CP)  INVESTORS,
                        L.P.
                        By Thomas F. Steyer,
                        Senior Managing Member



                        /s/ Thomas F. Steyer
                        FARALLON CAPITAL MANAGEMENT, L.L.C.,
                        By Thomas F. Steyer,
                        Senior Managing Member



                        /s/ Thomas F. Steyer
                        Thomas F. Steyer, individually and as attorney-in-fact
                        for each of Enrique H. Boilini, David I. Cohen,
                        Joseph F. Downes, William F. Duhamel, Fleur E. Fairman,
                        Jason M. Fish, Andrew B. Fremder, Richard B. Fried,  
                        William F. Mellin, Stephen L. Millham, 
                        and Meridee A. Moore.

                              Page 46 of 46 Pages


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