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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __________1_)*
Astec Industries Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
046224101
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(CUSIP Number)
October 23, 2000
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[ x ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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 ofsecurities, and for any subsequent amendment containing
information which would alter the disclosures 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 that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes).
CUSIP No 046224101
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1. Names of Reporting Persons.
Sage Asset Managment LLC
I.R.S. Identification Nos. of above persons (entities only).
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2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a)...................................................
(b)...................................................
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3. SEC Use Only .........................................
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4. Citizenship or Place of Organization ..USA............
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5. Sole Voting Power 0
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Shares Beneficially
6. Shared Voting Power 0
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Each Reporting
7. Sole Dispositive Power 0
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8. Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by
Each Reporting Person 0
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10. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions)
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11. Percent of Class Represented by Amount in Row(11) 0%
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12. Type of Reporting Person (See Instructions) PN
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Item 1.
(a) Name of Issuer Astec Industries Inc
(b) Address of Issuer's Principal Executive Offices
4101 Jerome Ave
P.O. Box 72787
Chattanooga, TN 37407
Item 2.
(a) Name of Person Filing Sage Asset Management
(b) Address of Principal Business Office or, if none,
Residence
153 E. 53rd St
48th Floor
NY NY 10022
(c) Citizenship USA
(d) Title of Class of Securities Common Stock
(e) CUSIP Number 046224101
Item 3. If this statement is filed pursuant to 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing
is a:
(a) [ ] Broker or dealer registered under
section 15 of the Act (15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15
U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of
the Act (15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of
the Investment Company Act of 1940 (15
U.S.C 80a-8).
(e) [ ] An investment adviser in accordance with
240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in
accordance with 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in
accordance with 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section
3(b) of the Federal Deposit Insurance Act (12
U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition
of an investment company under section 3(c)
(14) of the Investment Company Act of 1940
(15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(J).
N/A
Item 4. Ownership.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in
Item 1.
(a) Amount beneficially owned: ___0________________.
(b) Percent of class: _______0%_____________________.
(c) Number of shares as to which the person has:
(i) Sole power to vote or to
direct the vote ___0_______.
(ii) Shared power to vote or to direct the vote
_______0___________.
(iii) Sole power to dispose or to direct the disposition
of __0_______________.
(iv) Shared power to dispose or to direct the
disposition of ______0_________.
Instruction. For computations regarding securities which represent
a right to acquire an underlying security see 240.13d3(d)(1).
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 [ ].
N/A
Instruction: Dissolution of a group requires a response to this item.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person. If any other person is known to have the right to
receive or the power to direct the receipt of dividends
from, or the proceeds from the sale of, such securities,
a statement to that effect should be included in response
to this item and, if such interest relates to more than
five percent of the class, such person should be identified.
A listing of the shareholders of an investment company
registered under the Investment Company Act of 1940 or the
beneficiaries of employee benefit plan, pension fund or
endowment fund is not required.
N/A
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company. If a parent holding company has filed this schedule,
pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g)
and attach an exhibit stating the identity and the Item 3
classification of the relevant subsidiary. If a parent holding
company has filed this schedule pursuant to Rule 13d-1(c) or
Rule 13d-1(d), attach an exhibit stating the identification of
the relevant subsidiary.
N/A
Item 8. Identification and Classification of Members of the Group
If a group has filed this schedule pursuant to 240.13d-1(b)(1)
(ii)(J), so indicate under Item 3(j) and attach an exhibit
stating the identity and Item 3 classification of each member
of the group. If a group has filed this schedule pursuant to
240.13d-1(c) or 240.13d-1(d), attach an exhibit stating the
identity of each member of the group.
N/A
Item 9. Notice of Dissolution of Group
Notice of dissolution of a group may be furnished as an
exhibit stating the date of the dissolution and that all
further filings with respect to transactions in the security
reported on will be filed, if required, by members of the
group, in their individual capacity. See Item 5.
N/A
Item 10. Certification
(b) The following certification shall be included if the
statement is filed pursuant to 240.13d-1(c): By
signing below I certify that, to the best of my
knowledge and belief, the securities referred to above
were not acquired and are not held for the purpose of
or with the effect of changing or influencing the
control of the issuer of the securities and were not
acquired and are not held in connection with or as a
participant in any transaction having that purpose or
effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true,
complete and correct.
Date: October 25, 2000
Signature: Barry G. Haimes
Title: General Partner
