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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
Transcisco Industries, Inc.
---------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
---------------------------------------------------------
(Title of Class of Securities)
893531202
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(CUSIP Number)
Check the following box if a fee is being paid with this statement. [X] (A fee
is not required only if the filing person:(1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosure provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of the section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP No. 893531202 13G
- --------------------------------------------------------------------------------
1. Names of Reporting Persons
S.S. or I.R.S. Identification Bank of Bermuda Limited,
Nos. of Above Persons as trustee of
the Southern
Cross Trust
- --------------------------------------------------------------------------------
2. Check the Appropriate Box (a)
if a Member of a Group ---------------
(b)
- --------------------------------------------------------------------------------
3. S.E.C. Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Bermuda
Organization
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power
160,654
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Beneficially (6) Shared Voting
Owned by Each Reporting Power 0
--------------------------------------------
Person with (7) Sole Dispositive Power
160,654
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(8) Shared Dispositive
Power 0
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially
Owned by Each Reporting Person 160,654
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount
in Row (9) Excludes Certain
Shares
- --------------------------------------------------------------------------------
11. Percent of Class Represented
by Amount in Row 9 3.1%
- --------------------------------------------------------------------------------
12. Type of Reporting Person
BK
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CONTINUATION PAGES OF SCHEDULE 13G
FILED BY
BANK OF BERMUDA LIMITED, AS TRUSTEE
OF THE
SOUTHERN CROSS TRUST
In accordance with Rule 101(a)(2)(ii) of Securities and
Exchange Commission Regulation S-T, this Amendment No. 1 to the filings on
Schedule 13G, dated May 19, 1993 (together the "Schedules"), previously filed by
Bank of Bermuda Limited as Trustee for the Southern Cross Trust, restates the
Schedules.
Item 1(a) Name of Issuer:
Transcisco Industries, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
555 California Street
San Francisco, California 94104
Item 2(a) Name of Person Filing:
Bank of Bermuda Limited, as Trustee for the
Southern Cross Trust
Bank of Bermuda Limited (the "Trustee") is currently the
trustee of the Southern Cross Trust, which owns 160,654 shares
of Common Stock of the Issuer. The Trustee does not have an
economic interest in such shares, but as trustee of the
Southern Cross Trust does have sole power to vote, receive
dividends and distributions declared upon, and dispose of,
such shares. Under certain rules of the Securities and
Exchange Commission, so long as the Trustee retains such
powers, he is deemed to have beneficial ownership thereof for
purposes of Schedule 13G reporting.
The beneficiaries of the Southern Cross Trust are the spouse
and parents of Mark C. Hungerford, 49 Ivy Drive, Ross,
California ("Hungerford"), Hungerford's children, and
MacAlister College, St. Paul, Minnesota (the "Beneficiaries").
Pursuant to a deed of trust, dated June 30, 1975, relating to
the Southern Cross Trust, the economic interest
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in the shares of the Issuer owned by the Southern Cross Trust
is held by the Beneficiaries as a class. Distributions of
trust income and principal can be made in the Trustee's
discretion to any one or more of the Beneficiaries.
Item 2(b) Address of Principal Business Office:
6 Front Street
Hamilton, Bermuda
Item 2(c) Citizenship:
Bermuda
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
893531202
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) ( ) Broker or Dealer registered under Section 15 of the
Act
(b) ( ) Bank as defined in Section 3(a)(6) of the Act
(c) ( ) Insurance Company as defined in Section 3(a)(19) of
the Act
(d) ( ) Investment Company registered under Section 8 of the
Investment Company Act
(e) ( ) Investment Adviser registered under Section 203 of
the Investment Advisers Act of 1940
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(f) ( ) Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; see Section 240.13d-1(b)(1)(ii)(F)
(g) ( ) Parent Holding Company, in accordance with
Section 240.13d-1(b)(ii)(G)
(h) ( ) Group, in accordance with Section 240.13d-1(b)(1)(ii)(H)
Item 4. Ownership
If the percent of the class owned, as of December 31 of the year
covered by the statement, or as of the last day of any month described
in Rule 13d- 1(b)(2), if applicable, exceeds five percent, provide
the following information as of that date and identify those shares
which there is a right to acquire.
(a) Amount Beneficially Owned
NOT APPLICABLE
(b) Percent of Class:
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the
vote:
(ii) shared power to vote or to direct the
vote:
(iii) sole power to dispose or to direct the
disposition of:
(iv) shared power to dispose or to direct the
disposition of:
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Item 5. Ownership of Five Percent or Less of a Class
If the statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the following
[X].
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
NOT APPLICABLE
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company.
NOT APPLICABLE
Item 8. Identification and Classification of Members of the Group.
NOT APPLICABLE
Item 9. Notice of Dissolution of Group.
NOT APPLICABLE
Item 10. Certification.
NOT APPLICABLE because the statement is filed
pursuant to Rule 13d-1(c).
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Signature.
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this Statement is true,
complete and correct.
Date: April 19, 1996
BANK OF BERMUDA LIMITED
as Trustee of the Southern Cross Trust
By: /s/ C. Gary Hepburn
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Trust Officer
/s/ Clive Standish-White
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Senior Trust Officer
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