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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO
FILED PURSUANT TO 13d-2(b)
American Retirement Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
028913 10 1
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(CUSIP Number)
Page 1 of 5 Pages
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Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
W.E. Sheriff
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 5 SOLE VOTING POWER
SHARES 619,217
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING 619,217
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PERSON 8 SHARED DISPOSITIVE POWER
WITH 0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
619,217
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
(a) [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.4%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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Page 3 of 5 Pages
Item 1(a). Name of Issuer: American Retirement Corporation
("ACR")
Item 1(b). Address of Issuer's 111 Westwood Place, Suite 402
Principal Executive Brentwood, Tennessee 37027
Offices:
Item 2(a). Name of Person Filing: W.E. Sheriff ("Sheriff")
Item 2(b). Address of Principal 111 Westwood Place, Suite 402
Business Office: Brentwood, Tennessee 37027
Item 2(c). Organization/Citizenship: United States citizen
Item 2(d). Title of Class Common stock
of Securities: ("Common Stock")
Item 2(e). CUSIP Number: 028913 10 1
Item 3. Inapplicable.
Item 4. Ownership.
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Page 4 of 5 Pages
<TABLE>
<CAPTION>
Total Shares Shared
of ACR Common Percent Sole Shared Sole Power
Stock Beneficially of Voting Voting Power to to
Person Owned Class(1) Power Power Dispose Dispose
- ------ ------------------ -------- ------ ------ -------- --------
<S> <C> <C> <C> <C> <C> <C>
Sheriff 619,217(2) 5.4% 619,217 -- 619,217 --
</TABLE>
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(1) Based on 11,420,860 shares of Common Stock outstanding as of December
31, 1997.
(2) Includes 324,519 shares, 4,166 of which are shares that Sheriff has the
right to acquire pursuant to the conversion provisions of ACR's 5 3/4%
Convertible Subordinated Debentures Due 2002, beneficially owned by a
family limited partnership in which Sheriff is a general partner.
Item 5. Ownership of Five Percent or Less of a Class.
Inapplicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Inapplicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
Inapplicable.
Item 8. Identification and Classification of Members of the Group.
Inapplicable.
Item 9. Notice of Dissolution of Group.
Inapplicable.
Item 10. Certification.
Inapplicable.
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Page 5 of 5 Pages
SIGNATURES
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.
W.E. Sheriff
/s/ W.E. Sheriff
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