<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES ACT OF 1934
AMENDMENT NO. 3
Perkins Family Restaurants, L.P.
- --------------------------------------------------------------------------------
(NAME OF SUBJECT COMPANY)
Depositary Units Representing Limited Partners' Interests
- --------------------------------------------------------------------------------
(TITLE OF CLASS OF SECURITIES)
714063 10 4
- --------------------------------------------------------------------------------
(CUSIP NUMBER OF CLASS OF SECURITIES)
Donald F. Wiseman
Perkins Family Restaurants, L.P.
6075 Poplar Avenue, Suite 800
Memphis, TN 38119
(901) 766-6400
- --------------------------------------------------------------------------------
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON
AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS)
August 4, 1997
- --------------------------------------------------------------------------------
(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 which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1 (b)(3) or (4), check the following
box / /.
Check the following box if a fee is being paid with the statement / /.
(A fee is not required only if the reporting 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.)
<PAGE> 2
CUSIP No.: 714063 10 4 13D
----------------
================================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Perkins Restaurants, Inc.
- --------------------------------------------------------------------------------
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 ITEMS 2(d) OR 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Minnesota
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY ---------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 5,043,000
PERSON WITH ---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
5,043,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,043,000 (See Item 5)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
- --------------------------------------------------------------------------------
Page 2 of 44 Pages
<PAGE> 3
CUSIP No.: 714063 10 4 13D
----------------
================================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
The Restaurant Company, Inc.
- --------------------------------------------------------------------------------
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 ITEMS 2(d) OR 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY ---------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 5,043,000
PERSON WITH ---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
5,043,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,043,000 (See Item 5)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
- --------------------------------------------------------------------------------
Page 3 of 44 Pages
<PAGE> 4
CUSIP No.: 714063 10 4 13D
----------------
================================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Donald N. Smith
- --------------------------------------------------------------------------------
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 ITEMS 2(d) OR 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY ---------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 5,043,000
PERSON WITH ---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
5,043,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,043,000 (See Item 5)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
Page 4 of 44 Pages
<PAGE> 5
CUSIP No.: 714063 10 4 13D
----------------
================================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Harrah's Operating Company, Inc.
- --------------------------------------------------------------------------------
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 ITEMS 2(d) OR 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY ---------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 5,043,000
PERSON WITH ---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
5,043,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,043,000 (See Item 5)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
Page 5 of 44 Pages
<PAGE> 6
CUSIP No.: 714063 10 4 13D
----------------
================================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
The Equitable Life Assurance Society of the United States
- --------------------------------------------------------------------------------
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 ITEMS 2(d) OR 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY ---------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 5,043,000
PERSON WITH ---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
5,043,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,043,000 (See Item 5)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IC, CO
- --------------------------------------------------------------------------------
Page 6 of 44 Pages
<PAGE> 7
CUSIP No.: 714063 10 4 13D
----------------
================================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
The Equitable Companies Incorporated
- --------------------------------------------------------------------------------
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 ITEMS 2(d) OR 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY ---------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 5,043,000
PERSON WITH ---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
5,043,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,043,000 (See Item 5)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC, CO
- --------------------------------------------------------------------------------
Page 7 of 44 Pages
<PAGE> 8
CUSIP No.: 714063 10 4 13D
----------------
================================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
AXA-UAP
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
France
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES (See Item 5)
BENEFICIALLY ---------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING (See Item 5)
PERSON WITH ---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
(See Item 5)
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
(See Item 5)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,043,000 (See Item 5) (Not to be construed as an admission of
beneficial ownership)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.6% (See Item 5)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC, CO
- --------------------------------------------------------------------------------
Page 8 of 44 Pages
<PAGE> 9
CUSIP No.: 714063 10 4 13D
----------------
================================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
FINAXA
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
France
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES (See Item 5)
BENEFICIALLY ---------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING (See Item 5)
PERSON WITH ---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
(See Item 5)
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
(See Item 5)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,043,000 (See Item 5) (Not to be construed as an admission of
beneficial ownership)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.6% (See Item 5)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC, CO
- --------------------------------------------------------------------------------
Page 9 of 44 Pages
<PAGE> 10
CUSIP No.: 714063 10 4 13D
----------------
================================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
AXA Assurances I.A.R.D. Mutuelle
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
France
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES (See Item 5)
BENEFICIALLY ---------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING (See Item 5)
PERSON WITH ---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
(See Item 5)
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
(See Item 5)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,043,000 (See Item 5) (Not to be construed as an admission of
beneficial ownership)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.6% (See Item 5)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IC
- --------------------------------------------------------------------------------
Page 10 of 44 Pages
<PAGE> 11
CUSIP No.: 714063 10 4 13D
----------------
================================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
AXA Assurances Vie Mutuelle
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
France
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES (See Item 5)
BENEFICIALLY ---------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING (See Item 5)
PERSON WITH ---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
(See Item 5)
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
(See Item 5)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,043,000 (See Item 5) (Not to be construed as an admission of
beneficial ownership)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.6% (See Item 5)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IC
- --------------------------------------------------------------------------------
Page 11 of 44 Pages
<PAGE> 12
CUSIP No.: 714063 10 4 13D
----------------
================================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
AXA Courtage Assurance Mutuelle
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
France
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES (See Item 5)
BENEFICIALLY ---------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING (See Item 5)
PERSON WITH ---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
(See Item 5)
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
(See Item 5)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,043,000 (See Item 5) (Not to be construed as an admission of
beneficial ownership)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.6% (See Item 5)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IC
- --------------------------------------------------------------------------------
Page 12 of 44 Pages
<PAGE> 13
CUSIP No.: 714063 10 4 13D
----------------
================================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Alpha Assurances Vie Mutuelle
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
France
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES (See Item 5)
BENEFICIALLY ---------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING (See Item 5)
PERSON WITH ---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
(See Item 5)
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
(See Item 5)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,043,000 (See Item 5) (Not to be construed as an admission of
beneficial ownership)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.6% (See Item 5)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IC
- --------------------------------------------------------------------------------
Page 13 of 44 Pages
<PAGE> 14
CUSIP No.: 714063 10 4 13D
----------------
================================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Claude Bebear, as AXA Voting Trustee
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
France
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES (See Item 5)
BENEFICIALLY ---------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING (See Item 5)
PERSON WITH ---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
(See Item 5)
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
(See Item 5)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,043,000 (See Item 5) (Not to be construed as an admission of
beneficial ownership)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.6% (See Item 5)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
Page 14 of 44 Pages
<PAGE> 15
CUSIP No.: 714063 10 4 13D
----------------
================================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Patrice Garnier, as AXA Voting Trustee
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
France
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES (See Item 5)
BENEFICIALLY ---------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING (See Item 5)
PERSON WITH ---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
(See Item 5)
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
(See Item 5)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,043,000 (See Item 5) (Not to be construed as an admission of
beneficial ownership)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.6% (See Item 5)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
Page 15 of 44 Pages
<PAGE> 16
CUSIP No.: 714063 10 4 13D
----------------
================================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Henri de Clermont-Tonnerre, as AXA Voting Trustee
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
France
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES (See Item 5)
BENEFICIALLY ---------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING (See Item 5)
PERSON WITH ---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
(See Item 5)
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
(See Item 5)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,043,000 (See Item 5) (Not to be construed as an admission of
beneficial ownership)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.6% (See Item 5)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
Page 16 of 44 Pages
<PAGE> 17
Pursuant to Rule 13d-2(a) of Regulation 13D-G of the General Rules and
Regulations under the Securities Exchange Act of 1934, as amended (the "Act")
the undersigned hereby amend their Schedule 13D statement dated October 24,
1986, as amended by Amendment No. 1 and Amendment No. 2 thereto (as so amended,
the "Schedule 13D"), relating to depositary units representing limited
partners' interests (the "Units") of Perkins Family Restaurants, L.P. (the
"Issuer"). Unless otherwise indicated, all capitalized terms used but not
otherwise defined herein shall have the meanings assigned to such terms in the
Schedule 13D.
ITEM 2. IDENTITY AND BACKGROUND
(a) Pursuant to Rule 13d-1(f)(1) under the Act, the undersigned hereby
file this Amendment to the Schedule 13D on behalf of Perkins Restaurants, Inc.
("PRI"), The Restaurant Company, Inc. (f/k/a Tennessee Restaurant Company)
("TRC"), Donald N. Smith ("Smith"), Harrah's Operating Company, Inc., formerly
known as Embassy Suites, Inc. ("HOC"), The Equitable Life Assurance Society of
the United States ("Equitable Life"), The Equitable Companies Incorporated
("EQ"), AXA-UAP ("AXA"), Finaxa, AXA Assurances I.A.R.D. Mutuelle, AXA
Assurances Vie Mutuelle, AXA Courtage Assurance Mutuelle, Alpha Assurances Vie
Mutuelle, Claude Bebear, as AXA Voting Trustee, Patrice Garnier, as AXA Voting
Trustee and Henri de Clermont-Tonnerre, as AXA Voting Trustee. PRI, TRC,
Smith, HOC, Equitable Life, EQ and the other entities referred to in the
previous sentence are sometimes collectively referred to herein as the
"Reporting Persons."
As a result of occurences since the filing of the last amendment to the
Schedule 13D, ILP, BMA and Cameron will no longer be Reporting Persons with
respect to this filing and any future amendments to the Schedule 13D.
(b) -- (c) Equitable Life AND ITS AFFILIATES:
EQ and Subsidiaries. EQ is a holding company. As of June 30, 1997,
AXA beneficially owned approximately 60.5% of the outstanding common stock of
EQ as well as certain shares of convertible preferred stock. EQ and its
subsidiaries (including Equitable Life, a wholly-owned subsidiary) provide
diversified financial services to a broad spectrum of insurance, investment
management and investment banking customers.
AXA-UAP. AXA is a holding company for an international group of
insurance and related financial service companies. The address of AXA's
principal business and office is 9, Place Vendome, 75001 Paris, France. As of
March 5, 1997, 22.4% of the ordinary shares (representing 32.8% of the voting
power) of AXA were directly or indirectly controlled by Finaxa. As of March 5,
1997, the Mutuelles AXA, in addition to their indirect beneficial ownership of
AXA ordinary shares through Finaxa, directly beneficially owned 3.5% of AXA's
ordinary shares (representing 5.0% of the voting power). In addition, as of
March 5, 1997, 4.0%
Page 17 of 44 Pages
<PAGE> 18
of the ordinary shares of AXA without the power to vote were owned by
certain subsidiaries of AXA.
Finaxa. Finaxa is a holding company. The address of Finaxa's principal
business and office is 23, avenue Matignon, 75008 Paris, France. As of March
5, 1997, 61.4% of the voting shares (representing 72.0% of the voting power) of
Finaxa were owned by the Mutuelles AXA (one of which, AXA Assurances I.A.R.D.
Mutuelle, owned 34.9% of the voting shares, representing 40.0% of the voting
power), and 23.7% of the voting shares (representing 14.6% of the voting power)
of Finaxa were owned by Banque Paribas, a French bank. Acting as a group, the
Mutuelles AXA control Finaxa and AXA.
The Mutuelles AXA. The Mutuelles AXA are AXA Assurances I.A.R.D.
Mutuelle, AXA Assurances Vie Mutuelle, AXA Courtage Assurance Mutuelle and
Alpha Assurances Vie Mutuelle. Each of the Mutuelles AXA is a mutual insurance
company organized under the laws of France. The address of each of the
Mutuelles AXA's principal business and office is as follows: (i) for each of
AXA Assurances I.A.R.D. Mutuelle and AXA Assurances Vie Mutuelle, 21, rue de
Chateaudun, 75009 Paris, France; (ii) for Alpha Assurances Vie Mutuelle, Tour
Franklin, 100-101 Terrasse Boieldieu, Cedex 11, 92042 Paris La Defense, France;
and (iii) for AXA Courtage Assurance Mutuelle, 26, rue Louis le Grand, 75002
Paris, France.
The Trustees. In order to ensure, for insurance regulatory purposes, that
certain indirect minority shareholders of AXA are not able to exercise control
over EQ and certain of its insurance subsidiaries, AXA has agreed pursuant to
the Voting Trust Agreement to deposit in the Voting Trust the shares of capital
stock of EQ having voting powers beneficially owned by AXA and certain of its
affiliates. AXA or any such affiliate depositing capital stock in the Voting
Trust will remain the beneficial owner of all capital stock deposited by it in
the Voting Trust, but during the term of the Voting Trust the Trustees will
exercise all voting rights with respect to such capital stock. Additional
information relating to the Voting Trust Agreement is set forth in the Schedule
13D filed by AXA with respect to its ownership of the capital stock of EQ.
Information with respect to the Trustees is set forth below in the information
regarding AXA-UAP since each of the Trustees is a member of either the
Executive Committee or the Supervisory Board of AXA-UAP.
Executive Officers and Directors of Equitable Life
The names of the directors and the names and titles of the executive
officers of Equitable Life and their business addresses and principal
occupations are set forth below. If no address is given, the director's or
executive officer's business address is that of Equitable Life at 1290 Avenue
of the Americas, New York, New York 10104. Unless otherwise indicated, each
occupation set forth opposite an individual's name refers to Equitable Life and
each individual is a United States citizen.
Name, Business Address Present Principal Occupation
---------------------- ----------------------------
Page 18 of 44 Pages
<PAGE> 19
<TABLE>
<S> <C>
*Claude Bebear (1) Chairman of the Executive Board, AXA-UAP
AXA-UAP
23 avenue Matignon
75008 Paris, France
*Christopher J. Brocksom (2), Retired Chief Executive Officer, AXA Equity &
Elbury 9 Law Life Assurance Society
Weedon Lane
Buckinghamshire HP6505
England
*Francoise Colloc'h(1) Senior Executive Vice President, Group Human
AXA-UAP Resources and Communications, AXA-UAP
23, avenue Matignon
75008 Paris, France
*Henri de Castries (1) Senior Executive Vice President Financial Services
AXA-UAP and Life Insurance Activities (U.S. and U.K.),
23, avenue Matignon AXA-UAP
75008 Paris, France
*Joseph L. Dionne Chairman and Chief Executive Officer,
The McGraw-Hill The McGraw-Hill Companies (publishing)
Companies
1221 Avenue of the Americas
New York, NY 10020
*William T. Esrey Chairman of the Board and Chief Executive
Sprint Corporation Officer, Sprint Corporation (telecommunications)
P.O. Box 11315
Kansas City, MO 64112
*Jean-Rene Fourtou (1) Chairman and Chief Executive Officer,
Rhone-Poulenc S.A. Rhone-Poulenc S.A.
25 quai Paul Doumer (manufacturer of chemical and agricultural
92408 Courbevoie, CEDEX products)
France
*Norman C. Francis President, Xavier University of Louisiana
Xavier University of Louisiana
7235 Palmetto Street
New Orleans, LA 70125
</TABLE>
Page 19 of 44 Pages
<PAGE> 20
<TABLE>
<S> <C>
Robert E. Garber Executive Vice President and General Counsel;
Executive Vice President and General Counsel, The
Equitable Companies Incorporated
*Donald J. Greene, Esq. Partner, LeBoeuf, Lamb, Greene & MacRae (law
LeBoeuf, Lamb, Greene & MacRae firm)
125 West 55th Street
New York, NY 10019
*John T. Hartley Retired Chairman and Chief Executive Officer,
Harris Corporation currently Director, Harris Corporation
1025 Nasa Boulevard (manufacturer of electronic, telephone and copying
Melbourne, FL 32919 systems)
*John H.F. Haskell, Jr. Director and Managing Director, Dillon, Read &
Dillon, Read & Co., Inc. Co., Inc. (investment banking firm)
535 Madison Avenue
New York, NY 10022
*Mary R. (Nina) Henderson President, CPC Specialty Markets Group, CPC
CPC Specialty Markets Group International, Inc. (food manufacturer)
700 Sylvan Avenue
Englewood, NJ 07632
*W. Edwin Jarmain (3) President, Jarmain Group Inc. (private investment
Jarmain Group Inc. holding company)
121 King Street West
Suite 2525
Toronto, Ontario M5H 379
Canada
*G. Donald Johnston, Jr. Retired Chairman and Chief Executive Officer,
184-400 Ocean Rd. JWT Group, Inc. (advertising)
John's Island
Vero Beach, FL 32963
*Winthrop Knowlton Chairman, Knowlton Brothers, Inc. (private
Knowlton Brothers, Inc. investment firm); President and Chief Executive
530 Fifth Avenue Officer, Knowlton Associates, Inc. (consulting
New York, NY 10036 firm)
</TABLE>
Page 20 of 44 Pages
<PAGE> 21
<TABLE>
<S> <C>
*George T. Lowy Counselor-at-Law, Partner, Cravath, Swaine &
Cravath, Swaine & Moore Moore (law firm)
825 Eighth Avenue
New York, NY 10019
*William T. McCaffrey Senior Executive Vice President and Chief
Operating Officer; Executive Vice President and Chief
Administrative Officer, The Equitable Companies Incorporated
*Joseph J. Melone Chairman of the Board
*Edward D. Miller President and Chief Executive Officer; President
and Chief Executive Officer, The Equitable
Companies Incorporated
Peter D. Noris Executive Vice President and Chief Investment
Officer; Executive Vice President and Chief
Investment Officer, The Equitable Companies
Incorporated
*Didier Pineau-Valencienne(1) Chairman and Chief Executive Officer,
Schneider S.A. Schneider S.A. (electrical equipment)
64/70, avenue Jean Baptiste Clement
92646 Boulogne Billancourt Cedex,
France
*George J. Sella, Jr. Retired Chairman and Chief Executive Officer,
American Cyanamid Company American Cyanamid Company
P.O. Box 397 (manufacturer pharmaceutical products and
agricultural products)
Newton, NJ 07860
Jose Suquet Executive Vice President and Chief Agency
Officer; Executive Vice President, The Equitable
Companies Incorporated
Stanley B. Tulin Senior Executive Vice President and Chief
Financial Officer; Executive Vice President and
Chief Financial Officer, The Equitable Companies
Incorporated
</TABLE>
Page 21 of 44 Pages
<PAGE> 22
<TABLE>
<S> <C>
*Dave H. Williams Chairman and Chief Executive Officer, Alliance
Alliance Capital Management Corporation Capital Management Corp. (investment company)
1345 Avenue of the Americas
New York, NY 10105
</TABLE>
________________________
* Director
(1) Citizen of the Republic of France
(2) Citizen of the United Kingdom
(3) Citizen of Canada
Page 22 of 44 Pages
<PAGE> 23
Executive Officers and Directors
of
The Equitable Companies Incorporated
The names of the Directors and the names and titles of the Executive
Officers of The Equitable Companies Incorporated ("EQ") and their business
addresses and principal occupations are set forth below. If no address is
given, the Director's or Executive Officer's business address is that of EQ at
1290 Avenue of the Americas, New York, New York 10104. Unless otherwise
indicated, each occupation set forth opposite an individual's name refers to EQ
and each individual is a United States citizen.
<TABLE>
<CAPTION>
Name, Business Address Present Principal Occupation
- ---------------------- ----------------------------
<S> <C>
*Claude Bebear (1) Chairman of the Board; Chairman of the Executive
AXA-UAP Board, AXA-UAP
23, avenue Matignon
75008 Paris, France
*John S. Chalsty Chairman and Chief Executive Officer, Donaldson,
Donaldson, Lufkin & Jenrette, Inc. Lufkin & Jenrette, Inc.
277 Park Avenue
New York, NY 10172
*Francoise Colloc'h (1) Senior Executive Vice President, Group Human
AXA-UAP Resources and Communications, AXA-UAP
23, avenue Matignon
75008 Paris, France
*Henri de Castries (1) Vice Chairman of the Board; Senior Executive
AXA-UAP Vice President, Financial Services and Life
23, avenue Matignon Insurance Activities, AXA-UAP
75008 Paris, France
*Joseph L. Dionne Chairman and Chief Executive Officer,
The McGraw-Hill Companies The McGraw-Hill Companies (publishing)
1221 Avenue of the Americas
New York, NY 10020
*William T. Esrey Chairman of the Board and Chief Executive
Sprint Corporation Officer, Sprint Corporation (telecommunications)
P.O. Box 11315
Kansas City, MO 64112
</TABLE>
Page 23 of 44 Pages
<PAGE> 24
<TABLE>
<S> <C>
*Jean-Rene Fourtou (1) Chairman and Chief Executive Officer,
Rhone-Poulenc S.A. Rhone-Poulenc S.A. (manufacturer of chemicals
25 quai Paul Doumer and agricultural products)
92408 Courbevoie,
France
*Jacques Friedmann (1) Chairman of the Supervisory Board,
AXA-UAP AXA-UAP
9, Place Vendome
75001 Paris France
Robert E. Garber Executive Vice President and General Counsel;
Executive Vice President and General Counsel, The
Equitable Life Assurance Society of the United States
*Donald J. Greene, Esq. Partner, LeBoeuf, Lamb, Greene & MacRae, L.L.P.
LeBoeuf, Lamb, Greene & MacRae, L.L.P. (law firm)
125 West 55th Street
New York, NY 10019
*Anthony J. Hamilton (2) Group Chairman and Chief Executive Officer,
35 Wilson Street Fox-Pitt, Kelton Group Limited (investment banking firm)
London, England EC2M 2SJ
*John T. Hartley Retired Chairman and Chief Executive Officer,
Harris Corporation currently Director, Harris Corporation
1025 Nasa Boulevard (manufacturer of electronic, telephone and copying
Melbourne, FL 32919 systems)
*John H. F. Haskell, Jr. Director and Managing Director, Dillon, Read &
Dillon, Read & Co., Inc. Co., Inc. (investment banking firm)
535 Madison Avenue
New York, NY 10022
*Mary R. (Nina) Henderson President, CPC Specialty Markets Group, CPC
CPC Specialty Markets Group International, Inc. (food manufacturer)
700 Sylvan Avenue
Englewood, NJ 07632
</TABLE>
Page 24 of 44 Pages
<PAGE> 25
<TABLE>
<S> <C>
*W. Edwin Jarmain (3) President, Jarmain Group Inc. (private investment
Jarmain Group Inc. Suite 2525 holding company)
121 King Street West
Toronto, Ontario M5H 3T9
Canada
*Winthrop Knowlton Chairman, Knowlton Brothers, Inc. (private
Knowlton Brothers, Inc. investment firm); President and Chief Executive
530 Fifth Avenue Officer, Knowlton Associates Inc. (consulting
New York, NY 10036 firm)
William T. McCaffrey Executive Vice President and Chief Administrative
Officer; Senior Executive Vice President and Chief
Operating Officer, The Equitable Life Assurance
Society of the United States
*Joseph J. Melone Chairman of the Board, The Equitable Life
Assurance Society of the United States
*Edward D. Miller President and Chief Executive Officer; President
and Chief Executive Officer, The Equitable Life
Assurance Society of the United States
Peter D. Noris Executive Vice President and Chief Investment
Officer; Executive Vice President and Chief
Investment Officer, The Equitable Life Assurance
Society of the United States
*Didier Pineau-Valencienne(1) Chairman and Chief Executive Officer,
64-70, avenue Jean Baptiste Clement Schneider S.A. (electric equipment)
92646 Boulogne Cedex,
France
*George J. Sella, Jr. Retired Chairman, President and Chief Executive
American Cyanamid Company Officer, American Cyanamid Company
P.O. Box 397 (manufacturer of pharmaceutical products and
Newton, NJ 07860 agricultural products)
Jose Suquet Executive Vice President; Executive Vice President
and Chief Agency Officer; The Equitable Life
Assurance Society of the United States
</TABLE>
Page 25 of 44 Pages
<PAGE> 26
<TABLE>
<S> <C>
Stanley B. Tulin Executive Vice President and Chief Financial
Officer; Senior Executive Vice President and Chief
Financial Officer, The Equitable Life Assurance
Society of the United States
*Dave H. Williams Chairman and Chief Executive Officer, Alliance
Alliance Capital Management Capital Management Corp. (investment adviser)
Corporation
1345 Avenue of the Americas
New York, NY 10105
</TABLE>
_________________________
* Director
(1) Citizen of the Republic of France
(2) Citizen of United Kingdom
(3) Citizen of Canada
Page 26 of 44 Pages
<PAGE> 27
Members of Executive Committee and Supervisory Board
of
AXA-UAP
The names and titles (for the Executive Committee members) of the Members
of the Executive Committee and Supervisory Board of AXA-UAP and their business
addresses and principal occupations are set forth below. If no address is
given, the Member's business is 23, avenue Matignon, 75008 Paris, France.
Unless otherwise indicated, each occupation set forth opposite an individual's
name refers to AXA-UAP and each individual is a citizen of the Republic of
France.
Members of the Executive Committee
<TABLE>
<CAPTION>
Name, Business Address Present Principal Occupation
- ---------------------- ----------------------------
<S> <C>
Claude Bebear Chairman of the Executive Board
Donald Brydon (1) Senior Executive Vice President, AXA Asset
Management Europe
Henri de Castries Senior Executive Vice President, Financial Services
and Insurance Activities (U.S. and U.K.)
John Chalsty (2) Senior Executive Vice President; Chairman and
Chief Executive Officer, Donaldson, Lufkin &
Jenrette, Inc. (investment banking)
Francoise Colloc'h Senior Executive Vice President, Group Human
Resources and Communications
Jean-Pierre Gerard (3) Senior Executive Vice President; Chief Executive
Officer, Royale Belge (insurance)
Michael Hart (1) Senior Executive Vice President; Chief Executive
Officer, Sun Life & Provincial Holdings PLC
(insurance)
Denis Kessler Senior Executive Vice President, Insurance
Activities outside France, U.K. and the U.S.
Claas Kleyboldt (4) Senior Executive Vice President; Chairman of the
Executive Board of Colonia Konzern AG
(insurance)
</TABLE>
Page 27 of 44 Pages
<PAGE> 28
<TABLE>
<S> <C>
Gerard de La Martiniere Senior Executive Vice President, Chief Financial
Officer
Joseph J. Melone (2) Senior Executive Vice President; Chief Executive
Officer, The Equitable Companies Incorporated
Jean-Louis Meunier Senior Executive Vice President, Chief
Underwriting Officer
Edward D. Miller (2) President and Chief Executive Officer, The
Equitable Companies Incorporated and the
Equitable Life Assurance Society of the United
States
Michel Pinault Senior Executive Vice President, Group Administration
Claude Tendil Senior Executive Vice President, Chairman and
Chief Executive Officer - French Insurance
Activities, international risks, transnational
insurance projects and information systems policy
Geoff Tomlinson (5) Senior Executive Vice President; Managing
Director, National Mutual Holdings (insurance)
Dave H. Williams (2) Senior Executive Vice President; Chairman and
Chief Executive Officer, Alliance Capital
Management Corporation (investment adviser)
</TABLE>
Page 28 of 44 Pages
<PAGE> 29
Members of the Supervisory Board
<TABLE>
<CAPTION>
Name, Business Address Present Principal Occupation
- ---------------------- ---------------------------------
<S> <C>
Jacques Friedmann Chairman of the Supervisory Board
9 Place Vendome
75008 Paris, France
Jean-Louis Beffa Chairman and Chief Executive Officer, Compagnie
"Les Miroirs" de St. Gobain (industry)
Cedex 27
92096 Paris La Defense, France
Antoine Bernheim General Partner, Lazard Freres et Cie (investment
121, Boulevard Haussman banking); Chairman, Assicurazioni Generali
75008 Paris, France S.p.A. (insurance)
Jacques Calvet Chairman of the Executive Board, Peugeot S.A.
75, avenue de la Grande Armee (auto manufacturer)
75116 Paris, France
Henri de Clermont-Tonnerre Chairman of the Supervisory Board, Qualis SCA
90, rue de Miromesnil (transportation)
75008 Paris, France
David Dautresme General Partner, Lazard Freres et Cie (investment
121, Bulevard Haussman banking)
75008 Paris, France
Guy Dejouany Honorary Chairman, Compagnie General des Eaux
52, rue d'Anjou (industry and services)
75008 Paris, France
Paul Desmarais (7) Chairman and Chief Executive Officer, Power
751, Square Victoria Corporation of Canada (industry and services)
Montreal Quebec
H3Y 3J7 Canada
Jean-Rene Fourtou Chairman and Chief Executive Officer,
25, quai Paul Doumer Rhone-Poulenc S.A. (industry)
92408 Courbevoie, France
</TABLE>
Page 29 of 44 Pages
<PAGE> 30
<TABLE>
<CAPTION>
<S> <C>
Michel Francois-Poncet Chairman of the Supervisory Board, Compagnie
3, rue d'Autin Financiere de Paribas (financial services and
75002 Paris, France banking)
Patrice Garnier Retired
Latreaumont
76360 Baretin, France
Anthony J. Hamilton (1) General Partner, Fox-Pitt, Kelton Limited (finance)
35 Wilson Street
London, England EC2M 2SJ
Henri Hottinguer (6) Chairman and Chief Executive Officer, Banque
38, rue de Provence Hottinguer (banking)
75009 Paris, France
Richard H. Jenrette (2) Senior Advisor, Donaldson, Lufkin & Jenrette, Inc.
c/o Donaldson, Lufkin & Jenrette, Inc. (investment banking)
277 Park Avenue
New York, New York 10172
Henri Lachmann Chairman and Chief Executive Officer, Strafor
56, rue Jean Giraudoux Facom (industry)
67000 Strasbourg, France
Gerard Mestrallet Chairman and Chief Executive Officer, Compagnie
1, rue d'Astorg de Suez (finance)
75008 Paris, France
Friedel Neuber Chairman of the Executive Board, WestDeutsche
Girozentrade Herzogstrasse 15 Landesbank (banking)
D40127 Dusseldorf, Germany
Alfred von Oppenheim (4) Chairman, Bank Oppenheim (banking)
Konsortium Oppenheim
Unter Sachsenrausen 4
50667 Koln, Germany
Michel Pebereau Chairman and Chief Executive Officer, Banque
16, Boulevard des Italiens Nationale de Paris (banking)
75009 Paris, France
</TABLE>
Page 30 of 44 Pages
<PAGE> 31
<TABLE>
<CAPTION>
<S> <C>
Didier Pineau-Valencienne Chairman and Chief Executive Officer, Schneider
64-70, avenue Jean Baptiste Clement S.A. (electric equipment)
92646 Boulogne Cedex, France
Bruno Roger General Partner, Lazard Freres & Cie (investment
21, Boulevard Hausmann banking)
75008 Paris, France
Simone Rozes First Honorary President, Cour de Cassation
2, rue Villaret de Joyeuse (government)
75017 Paris, France
</TABLE>
__________________________
(1) Citizen of the United Kingdom
(2) Citizen of the United States of America
(3) Citizen of Belgium
(4) Citizen of Germany
(5) Citizen of Australia
(6) Citizen of Switzerland
(7) Citizen of Canada
Page 31 of 44 Pages
<PAGE> 32
Executive Officers and
Members of Conseil d'Administration
of
Finaxa
The names of the Members of Conseil d'Administration and the names and
titles of the Executive Officers of Finaxa and their business addresses and
principal occupations are set forth below. If no address is given, the
Member's or Executive Officer's business address is that of Finaxa at 23,
avenue Matignon, 75008 Paris, France. Unless otherwise indicated, each
occupation set forth opposite an individual's name refers to Finaxa and each
individual is a citizen of the Republic of France.
Name, Business Address Present Principal Occupation
- ---------------------- ----------------------------
*Claude Bebear Chairman and Chief Executive Officer; Chairman
of the Executive Board, AXA-UAP
*Henri de Castries Senior Executive Vice President, Financial
Services and Life Insurance Activities (U.S. &
U.K.), AXA-UAP
*Henri de Clermont-Tonnerre Chairman of the Supervisory Board, Qualis SCA
90, rue de Miromesnil (transportation)
75008 Paris, France
*Jean-Rene Fourtou Chairman and Chief Executive Officer,
25, quai Paul Doumer Rhone-Poulenc S.A. (industry)
92408 Courbevoie, France
*Patrice Garnier Retired
Latreaumont
76360 Baretin, France
*Henri Hottinguer (1) Chairman and Chief Executive Officer, Banque
38, rue de Provence Hottinguer (banking)
75009 Paris, France
*Paul Hottinguer (1) Assistant Chairman and Chief Executive Officer
38, rue de Provence Banque Hottinguer (banking)
75009 Paris, France
*Henri Lachmann Chairman and Chief Executive Officer, Strafor
56, rue Jean Giraudoux Facom (office furniture)
67000 Strasbourg, France
Page 32 of 44 Pages
<PAGE> 33
<TABLE>
<S> <C>
*Andre Levy-Lang Chief Executive Officer, Paribas (banking)
3, rue d'Antin
75002 Paris, France
Gerard de la Martiniere Chief Executive Officer; Senior Executive Vice
President, Chief Financial Officer, AXA-UAP
*Georges Rousseau Retired
2, rue des Mouettes
76130 Mont Saint Aignan,
France
</TABLE>
______________________________
* Member, Conseil d'Administration
(1) Citizen of Switzerland
Page 33 of 44 Pages
<PAGE> 34
Executive Officers and
Members of Conseil d'Administration
of
AXA ASSURANCES I.A.R.D. MUTUELLE
The names of the Members of Conseil d'Administration and the names and
titles of the Executive Officers of AXA Assurances I.A.R.D. Mutuelle and their
business addresses and principal occupations are set forth below. If no
address is given, the Member's or Executive Officer's business address is that
of AXA Assurances I.A.R.D. Mutuelle at 21, rue de Chateaudun, 75009 Paris,
France. Unless otherwise indicated, each occupation set forth opposite an
individual's name refers to AXA Assurances I.A.R.D. Mutuelle and each
individual is a citizen of the Republic of France.
Name, Business Address Present Principal Occupation
- ---------------------- ----------------------------
*Claude Bebear Chairman; Chairman of the Executive Board,
23, avenue Matignon AXA-UAP
75008 Paris, France
Jean-Luc Bertozzi Executive Officer
*Jean-Pierre Chaffin Manager, Federation de la Metallurgie
5, rue la Bruyere (industry)
75009 Paris, France
*Gerard Coutelle Retired
*Henri de Castries Senior Executive Vice President, Financial
23, avenue Matignon Services and Life Insurance Activities (U.S. &
75008 Paris, France U. K.), AXA-UAP
*Patrice Garnier Retired
Latreaumont
76360 Baretin, France
*Henri Lachmann Chairman and Chief Executive Officer, Strafor
56, rue Jean Giraudoux Facom (office furniture)
67000 Strasbourg, France
*Francois Richer Retired
*Georges Rousseau Retired
2, rue des Mouettes
76130 Mont Saint Aignan, France
Page 34 of 44 Pages
<PAGE> 35
*Claude Tendil Chief Executive Officer; Senior Executive
Vice President, French Insurance
Activities, AXA-UAP
*Nicolas Thiery Chairman and Chief Executive Officer,
6 Cite de la Chapelle Etablissements Jaillard (management
75018 Paris, France consulting)
*Francis Vaudour Chief Executive Officer, Segafredo Zanetti
14, boulevard Industriel France S.A. (coffee importing and
76301 Sotteville les Rouen, France processing)
*Jean-Rene Fourtou Chairman and Chief Executive Officer,
25, quai Paul Doumer Rhone-Poulenc S.A. (industry)
92408 Courbevoie, France
____________________________
* Member, Conseil d'Administration
Page 35 of 44 Pages
<PAGE> 36
Executive Officers and
Members of Conseil d'Administration
of
AXA ASSURANCES VIE MUTUELLE
The names of the Members of Conseil d'Administration and the names and
titles of the Executive Officers of AXA Assurances Vie Mutuelle and their
business addresses and principal occupations are set forth below. If no
address is given, the Member's or Executive Officer's business address is that
of AXA Assurances Vie Mutuelle at 21, rue de Chateaudun, 75009 Paris, France.
Unless otherwise indicated, each occupation set forth opposite an individual's
name refers to AXA Assurances Vie Mutuelle and each individual is a citizen of
the Republic of France.
Name, Business Address Present Principal Occupation
- ---------------------- ----------------------------
*Claude Bebear Chairman; Chairman of the Executive Board,
23, avenue Matignon AXA-UAP
75008 Paris, France
Jean-Luc Bertozzi Executive Officer
*Jean-Pierre Chaffin Manager, Federation de la Metallurgie
5, rue la Bruyere (industry)
75009 Paris, France
*Henri de Castries Senior Executive Vice President, Financial
23, avenue Matignon Services and Life Insurance Activities,
75008 Paris, France (U.S. & U.K.), AXA-UAP
*Henri de Clermont-Tonnerre Chairman of the Supervisory Board, Qualis
90, rue de Miromesnil SCA (transportation)
75008 Paris, France
*Gerard Coutelle Retired
*Jean-Rene Fourtou Chairman and Chief Executive Officer,
25, quai Paul Doumer Rhone-Poulenc S.A. (industry)
92408 Courbevoie, France
*Henri Lachmann Vice Chairman; Chairman and Chief Executive
56, rue Jean Giraudoux Officer, Strafor Facom (office furniture)
67000 Strasbourg, France
*Francois Richer Retired
Page 36 of 44 Pages
<PAGE> 37
*Georges Rousseau Retired
2, rue des Mouettes
76130 Mont Saint Aignan, France
*Claude Tendil Chief Executive Officer; Senior Executive
Vice President, French Insurance
Activities, AXA-UAP
*Nicolas Thiery Chairman and Chief Executive Officer,
6 Cite de la Chapelle Etablissements Jaillard (management
75018 Paris, France consulting)
*Francis Vaudour Chief Executive Officer, Segafredo Zanetti
14, boulevard Industriel France S.A. (coffee importing and
76301 Sotteville les Rouen, France processing)
____________________________
* Member, Conseil d'Administration
Page 37 of 44 Pages
<PAGE> 38
Executive Officers and
Members of Conseil d'Administration
of
AXA COURTAGE ASSURANCE MUTUELLE
The names of the Members of Conseil d'Administration and the names and
titles of the Executive Officers of AXA Courtage Assurance Mutuelle and their
business addresses and principal occupations are set forth below. If no
address is given, the Member's or Executive Officer's business address is that
of AXA Courtage Assurance Mutuelle at 26, rue de Louis-le-Grand, 75002 Paris,
France. Unless otherwise indicated, each occupation set forth opposite an
individual's name refers to AXA Courtage Assurance Mutuelle and each individual
is a citizen of the Republic of France.
Name, Business Address Present Principal Occupation
- ---------------------- ----------------------------
*Claude Bebear Chairman; Chairman of the Executive Board,
23, avenue Matignon AXA-UAP
75008 Paris, France
*Francis Cordier Chairman and Chief Executive Officer, Group
rue Nicephore Niepce BP 232 76304 Demay Lesieur (food industry)
Sotteville Les Rouen, France
*Gerard Coutelle Retired
*Henri de Castries Senior Executive Vice President, Financial
23, avenue Matignon Services and Life Insurance Activities, (U.S.
75008 Paris, France & U.K.), AXA-UAP
*Jean-Rene Fourtou Chairman and Chief Executive Officer,
25, quai Paul Doumer Rhone-Poulenc S.A. (industry)
92408 Courbevoie, France
*Patrice Garnier Retired
Latreaumont
76360 Baretin, France
*Henri Lachmann Vice Chairman; Chairman and Chief Executive
56, rue Jean Giraudoux Officer, Strafor Facom (office furniture)
67000 Strasbourg, France
Page 38 of 44 Pages
<PAGE> 39
*Francis Magnan Chairman and Chief Executive Officer,
50, boulevard des Dames Compagnie Daher (air and sea transportation)
13002 Marseille, France
*Jean de Ribes Chairman and Chief Executive Officer, Banque
13, rue Notre Dame des Victoires Rivaud (banking)
75008 Paris, France
*Georges Rousseau Retired
2, rue des Mouettes
76130 Mont Saint Aignan, France
*Jean-Paul Saillard Manager, AXA-UAP
23, avenue Matignon
75008 Paris, France
*Claude Tendil Chief Executive Officer; Senior Executive Vice
21, rue de Chateaudun President, French Insurance Activities,
75009 Paris, France AXA-UAP
_________________________
* Member, Conseil d'Administration
Page 39 of 44 Pages
<PAGE> 40
Executive Officers and
Members of Conseil d'Administration
of
ALPHA ASSURANCES VIE MUTUELLE
The names of the Members of Conseil d'Administration and the names and
titles of the Executive Officers of Alpha Assurances Vie Mutuelle and their
business addresses and principal occupations are set forth below. If no
address is given, the Member's or Executive Officer's business address is that
of Alpha Assurances Vie Mutuelle at Tour Franklin, 100/101 Terrasse Boieldieu,
Cedex 11, 92042 Paris La Defense, France. Unless otherwise indicated, each
occupation set forth opposite an individual's name refers to Alpha Assurances
Vie Mutuelle and each individual is a citizen of the Republic of France.
Name, Business Address Present Principal Occupation
- ---------------------- ----------------------------
*Claude Bebear Chairman; Chairman of the Executive Board,
23, avenue Matignon AXA-UAP
75008 Paris, France
*Henri Brischoux Corporate Secretary; G.I.E. AXA France
21, rue de Chateaudun
75009 Paris, France
*Bernard Cornille Audit Manager, AXA Assurances
21, rue de Chateaudun
75009 Paris, France
*Henri de Castries Senior Executive Vice President, Financial
23, avenue Matignon Services and Life Insurance Activities,
75008 Paris, France (U.S. and U.K.), AXA-UAP
*Henri de Clermont-Tonnerre Chairman of the Supervisory Board, Qualis SCA
90, rue de Miromesnil (transportation)
75008 Paris, France
*Claude Fath Executive Officer
*Jean-Rene Fourtou Chairman and Chief Executive Officer,
25, quai Paul Doumer Rhone-Poulenc S.A. (industry)
92408 Courbevoie, France
Page 40 of 44 Pages
<PAGE> 41
<TABLE>
<S> <C>
*Patrice Garnier Retired
Latreaumont
76360 Baretin, France
*Henri Lachmann Vice Chairman; Chairman and Chief Executive
56, rue Jean Giraudoux Officer, Strafor Facom (office furniture)
67000 Strasbourg, France
*Georges Rousseau Retired
2, rue des Mouettes
76130 Mont Saint Aignan, France
*Claude Tendil Chief Executive Officer; Senior Executive Vice
21, rue de Chateaudun President, French Insurance Activities,
75009 Paris, France AXA-UAP
*Francis Vaudour Chief Executive Officer, Segafredo Zanetti
14, boulevard Industriel France S.A. (coffee importing and processing)
76301 Sotteville les Rouen,France
</TABLE>
_______________________________
* Member, Conseil d'Administration
Page 41 of 44 Pages
<PAGE> 42
ITEM 4. PURPOSE OF TRANSACTION.
On August 4, 1997, TRC proposed to the Issuer that TRC acquire the Units
of the Issuer that are not already owned by TRC through an all cash merger (the
"Merger"). Under TRC's proposal, the public holders of Units would receive
$13.00 per Unit in the Merger. TRC proposed that the Merger be conditioned
upon an affirmative vote of the holders of a majority of the publicly held
Units voting on the Merger.
The proposed Merger is subject to TRC's obtaining adequate financing for
the purchase price on terms acceptable to TRC and to the negotiation of a
mutually acceptable definitive agreement. TRC currently anticipates that the
Merger would be financed with borrowed funds.
TRC proposes to execute a definitive agreement immediately, with the goal
of completing the Merger before the end of the 1997 calendar year.
The form of letter dated August 4, 1997 setting forth TRC's proposal is
attached hereto as Exhibit 99.1 and is incorporated herein by reference. The
press release dated August 4, 1997 announcing TRC's proposal is attached hereto
as Exhibit 99.2 and is incorporated herein by reference.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) PRI is the direct owner of 5,043,000 Units. PRI is a wholly-owned
subsidiary of TRC. Smith, HOC and Equitable Life are the owners (directly or
indirectly) of 33.2%, 33.2% and 28.1%, respectively, of the outstanding capital
stock of TRC. By virtue of such ownership in TRC, Smith, HOC and Equitable
Life may be deemed to have shared voting and dispositive power over all of the
Units owned directly by PRI.
Because of EQ's ownership interest in Equitable Life, EQ may be deemed,
for purposes of Rule 13d-3 under the Act, to beneficially own indirectly the
Units that may be deemed to be beneficially owned indirectly by Equitable Life.
Because of AXA-UAP's ownership interest in EQ, and the AXA Voting
Trustees' power to vote the EQ shares placed in the AXA Voting Trust, each of
AXA-UAP and the AXA Voting Trustees may be deemed, for purposes of Rule
13d-3 under the Act, to beneficially own indirectly the Units that EQ may be
deemed to beneficially own indirectly. Because of the direct and indirect
ownership interest in AXA-UAP of Finaxa and the Mutuelles AXA, each of Finaxa
and the Mutuelles AXA may be deemed, for purposes of Rule 13d-3 under the Act
to beneficially own indirectly the Units that AXA-UAP may be deemed to
beneficially own indirectly. AXA-UAP, Finaxa, the Mutuelles AXA, and the AXA
Voting Trustees expressly disclaim beneficial ownership of any of the Units.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
EXHIBIT NO.: DESCRIPTION:
99.1 Form of TRC letter to PMC dated August 4, 1997.
99.2 Press release dated August 4, 1997.
99.3 Agreement pursuant to Rule 13d-l(f)(l)(ii).
Page 42 of 44 Pages
<PAGE> 43
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.
Dated: August 26, 1997
PERKINS RESTAURANTS, INC.
By: /s/ Donald N. Smith
---------------------------
Name: Donald N. Smith
Title:
THE RESTAURANT COMPANY, INC.
By: /s/ Donald N. Smith
---------------------------
Name: Donald N. Smith
Title:
/s/ Donald N. Smith
- ------------------------------
DONALD N. SMITH
HARRAH'S OPERATING COMPANY, INC.
By: /s/ Charles L. Atwood
---------------------------
Name: Charles L. Atwood
Title: Vice President and Treasurer
THE EQUITABLE LIFE ASSURANCE
SOCIETY OF THE UNITED STATES
By: /s/ Alvin H. Fenichel
__________________________
Name: Alvin H. Fenichel
Title: Senior Vice President and Controller
Page 43 of 44 Pages
<PAGE> 44
THE EQUITABLE COMPANIES INCORPORATED
By: /s/ Alvin H. Fenichel
------------------------------------
Name: Alvin H. Fenichel
Title: Senior Vice President and Controller
AXA-UAP
FINAXA
AXA ASSURANCES I.A.R.D. MUTUELLE
AXA ASSURANCES VIE MUTUELLE
AXA COURTAGE ASSURANCE MUTUELLE
ALPHA ASSURANCES VIE MUTUELLE
CLAUDE BEBEAR, AS AXA VOTING TRUSTEE
PATRICE GARNIER, AS AXA VOTING TRUSTEE
HENRI DE CLERMONT-TONNERRE, AS AXA VOTING TRUSTEE
Signed on behalf of each of the above
By: /s/ Alvin H. Fenichel
------------------------------------------
Name: Alvin H. Fenichel
Title: Attorney-in-fact
Page 44 of 44 Pages
<PAGE> 1
EXHIBIT 99.1
August 4, 1997
Perkins Management Company, Inc.
6075 Poplar Avenue
Memphis, TN 38119-4893
Gentlemen:
This letter sets forth the terms upon which The Restaurant Company ("TRC")
proposes to acquire the limited partnership interests ("Units") of Perkins
Family Restaurants, L.P. ("PFR") that are owned by public unitholders.
TRC proposes that the Units be acquired through an all cash merger in
which the public unitholders would receive $13.00 per Unit. The proposed price
represents a premium of approximately 20% over the closing price per Unit on
August 1, 1997 of PFR's Units.
TRC proposes that the merger be conditioned on an affirmative vote of the
holders of a majority of the publicly held Units voting on the merger and the
receipt of an opinion from an investment banking firm that the transaction is
fair from a financial point of view.
This proposal is subject to TRC's obtaining adequate financing for the
purchase price on terms acceptable to TRC and to the execution of a mutually
acceptable definitive agreement.
We are prepared to execute definitive documents as soon as possible and
complete the transaction before the end of the year.
Very truly yours,
THE RESTAURANT COMPANY
By: _______________________________
Donald N. Smith
Chairman of the Board &
Chief Executive Officer
<PAGE> 1
EXHIBIT 99.2
FOR IMMEDIATE RELEASE Contact: Steve McClellan
Chief Financial Officer
1-888-279-4542
PERKINS FAMILY RESTAURANTS RECEIVES OFFER FROM TRC
TO MERGE AND GO PRIVATE
MEMPHIS, TN, August 4, 1997 --- Perkins Family Restaurants, L.P., announced
today that it received a proposal from The Restaurant Company (TRC) to acquire
through a merger all of the approximately 52 percent of the outstanding units
of limited partnership now owned by public investors for $13 per unit in cash.
The Restaurant Company owns Perkins Management Company, the general partner of
Perkins Family Restaurants, and also owns the remaining 48 percent of the
outstanding units of limited partnership interest. The proposed transaction is
subject to receipt of an opinion from an investment banking firm that the
transaction is fair from a financial point of view, the affirmative vote of a
majority of the units held by public unitholders casting votes and the
obtaining of adequate financing.
Perkins Family Restaurants, L.P., a Delaware limited partnership whose units
are traded on the New York Stock Exchange, currently owns and operates 134
Perkins Family Restaurants and franchises an additional 332 restaurants in 32
states and Canada. Additional information on the company is available on the
Worldwide Web at http://www.perkinsrestaurants.com.
# # #
<PAGE> 1
EXHIBIT 99.3
Joint Filing Agreement
In accordance with Rule 13d-1(f) under the Securities Exchange Act of
1934, as amended, each of the persons named below agrees to the joint filing of
a Statement on Schedule 13D (including amendments thereto) with respect to the
Depositary Units representing Limited Partners' Interests in Perkins Family
Restaurants, L.P., a Delaware limited partnership and further agrees that this
Joint Filing Agreement be included as an exhibit to such filings provided that,
as contemplated by Section 13d-1(f)(l)(ii), no person shall be responsible for
the completeness or accuracy of the information concerning the other persons
making the filing, unless such person knows or has reason to believe that such
information is inaccurate. This Joint Filing may be executed in any number of
counterparts, all of which together shall constitute one and the same
instrument.
Dated: August 26, 1997
PERKINS RESTAURANTS, INC.
By:/s/ Donald N. Smith
---------------------------
Name: Donald N. Smith
Title:
THE RESTAURANT COMPANY, INC.
By:/s/ Donald N. Smith
---------------------------
Name: Donald N. Smith
Title:
/s/ Donald N. Smith
- -----------------------------
DONALD N. SMITH
HARRAH'S OPERATING COMPANY, INC.
By:/s/ Charles L. Atwood
--------------------------
Name: Charles L. Atwood
Title: Vice President and Treasurer
<PAGE> 2
THE EQUITABLE LIFE ASSURANCE
SOCIETY OF THE UNITED STATES
By:/s/ Alvin H. Fenichel
--------------------------
Name: Alvin H. Fenichel
Title: Senior Vice President and Controller
THE EQUITABLE COMPANIES INCORPORATED
By:/s/ Alvin H. Fenichel
--------------------------
Name: Alvin H. Fenichel
Title: Senior Vice President and Controller
AXA - UAP
FINAXA
AXA ASSURANCES I.A.R.D. MUTUELLE
AXA ASSURANCES VIE MUTUELLE
AXA COURTAGE ASSURANCE MUTUELLE
ALPHA ASSURANCES VIE MUTUELLE
CLAUDE BEBEAR, AS AXA VOTING TRUSTEE
PATRICE GARNIER, AS AXA VOTING TRUSTEE
HENRI DE CLERMONT-TONNERRE, AS AXA VOTING TRUSTEE
Signed on behalf of each of the above
By:/s/ Alvin H. Fenichel
--------------------------
Name: Alvin H. Fenichel
Title: Attorney-in-fact
