<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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)
(Amendment No. 1)
American Retirement Corporation
-------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
-------------------------------------------------------------------------------
(Title of Class of Securities)
028913 10 1
-------------------------------------------------------------------------------
(CUSIP Number)
December 31, 1998
-------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the following box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-(c)
[X] Rule 13d-1(d)
Page 1 of 7 Pages
<PAGE> 2
CUSIP NO. 028913 10 1 13G PAGE 2 OF 7 PAGES
(1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Robin G. Costa
---------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
---------------------------------------------------------------------
(3) SEC USE ONLY
---------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 5,000
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 1,380,037
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 5,000
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
1,380,037
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,385,037
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* (A) [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.1%
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
IN
---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3
CUSIP NO. 028913 10 1 13G PAGE 3 OF 7 PAGES
(1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Estate of Dan W. Maddox
---------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
---------------------------------------------------------------------
(3) SEC USE ONLY
---------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 0
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* (A) [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
IN
---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4
CUSIP NO. 028913 10 1 13G PAGE 4 OF 7 PAGES
(1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
DMAR Limited Partnership (IRS Employer
Identification No. 75-2384625)
---------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
---------------------------------------------------------------------
(3) SEC USE ONLY
---------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
State of Texas
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 1,372,037
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 0
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 1,372,037
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,372,037
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* (A) [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.0%
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
PN
---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 5
Page 5 of 7 Pages
SCHEDULE 13G
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: Robin G. Costa ("Costa")
DMAR Limited Partnership ("DMAR")
Estate of Dan W. Maddox
("Maddox")
Item 2(b). Address of Principal 3833 Cleghorn Avenue
Business Office: Suite 400
Nashville, Tennessee 37215 is
the business address for each of
Costa, DMAR, and Maddox.
Item 2(c). Organization/Citizenship: Costa is a United States citizen
and DMAR is a Texas limited
partnership.
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.
This Schedule 13G is filed jointly by the reporting persons to reflect
beneficial ownership of Common Stock by Costa, Maddox, and DMAR and certain
overlapping beneficial ownership of such persons.
<PAGE> 6
Page 6 of 7 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>
Costa 1,385,037(2) 8.1% 5,000 1,380,037 5,000 1,380,037
Maddox -- -- -- -- -- --
DMAR 1,372,037(3) 8.0% 1,372,037 -- 1,372,037 --
</TABLE>
----------------
(1) Based on 17,117,553 shares of Common Stock outstanding as of December
31, 1998.
(2) Includes 1,372,037 shares beneficially owned by DMAR, 5,000 shares
subject to currently exercisable options, and an aggregate of 8,000
shares beneficially owned by trusts for which Costa serves as trust
advisor. Costa is President of Margaret Energy, Inc., the general
partner of DMAR. Costa exercises voting and dispositive power over the
shares held by the trusts.
Item 5. Ownership of Five Percent or Less of a Class.
If this 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].*
* The Estate of Dan Maddox does not own greater than 5% of the class of
securities.
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.
<PAGE> 7
Page 7 of 7 Pages
SIGNATURES
After reasonable inquiry and to the best of the knowledge and belief of
each of the undersigned, each of the undersigned certify that the information
set forth in this statement is true, complete, and correct.
Robin G. Costa
/s/ Robin G. Costa
-----------------------------------------
Estate of Dan W. Maddox
/s/ Robin G. Costa
-----------------------------------------
By: Robin G. Costa
Co-Executor
DMAR Limited Partnership
/s/ Robin G. Costa
-----------------------------------------
By: Margaret Energy, Inc.,
Its General Partner
By: Robin G. Costa,
Its President
