UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
COUNSELLORS TANDEM SECURITIES FUND, INC.
(Name of Issuer)
5.375% Preferred Stock due 1996 (Private Placement)
(Title of Class of Securities)
222269300
(CUSIP Number)
Is a fee being paid with this statement: ( )Yes ( X )No
*The remainder of this page shall be filled out for a
reporting person's initial filing on this form with respect
to the subject class of securities, and for any subsequent
amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page
shall 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).
13G
CUSIP No. 222269300
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of above person
STEIN ROE & FARNHAM INCORPORATED
36-3447638
2. Check the appropriate box if a member of a group
(a) -----
(b) -----
3. SEC USE ONLY
4. Citizenship or place of organization
Delaware Corporation
Number of shares beneficially owned by each reporting person
with
5. Sole voting power -0-
6. Shared voting power -0-
7. Sole dispositive power -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 not applicable
11. Percent of class represented by amount in Row 9 0.00%
12. Type of Reporting Person IA
13G
CUSIP No. 222269300
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of above person
FOREMOST INSURANCE COMPANY
38-1407533
2. Check the appropriate box if a member of a group
(a) -----
(b) -----
3. SEC USE ONLY
4. Citizenship or place of organization
a Michigan Domestic Insurance Company
Number of shares beneficially owned by each reporting person
with
5. Sole voting power -0-
5. Sole voting power -0-
6. Shared voting power -0-
7. Sole dispositive power -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 not applicable
11. Percent of class represented by amount in Row 9 0.00%
12. Type of Reporting Person IC
13G
CUSIP No. 222269300
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of above person
HEALTH CARE INDEMNITY, INC.
61-0904881
2. Check the appropriate box if a member of a group
(a) -----
(b) -----
3. SEC USE ONLY
4. Citizenship or place of organization
a Kentucky Domestic Insurance Company
Number of shares beneficially owned by each reporting person
with
5. Sole voting power -0-
6. Shared voting power -0-
7. Sole dispositive power -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 not applicable
11. Percent of class represented by amount in Row 9 0.00%
12. Type of Reporting Person IC
13G
CUSIP No. 222269300
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of above person
AVEMCO Insurance Company
52-0795746
2. Check the appropriate box if a member of a group
(a) -----
(b) -----
3. SEC USE ONLY
4. Citizenship or place of organization
a Michigan Domestic Insurance Company
Number of shares beneficially owned by each reporting person
with
5. Sole voting power -0-
6. Shared voting power -0-
7. Sole dispositive power -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 not applicable
11. Percent of class represented by amount in Row 9 0.00%
12. Type of Reporting Person IC
13G
CUSIP No. 222269300
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of above person
WEST BEND MUTUAL INSURANCE COMPANY
39-0698170
2. Check the appropriate box if a member of a group
(a) -----
(b) -----
3. SEC USE ONLY
4. Citizenship or place of organization
a Wisconsin Domestic Insurance Company
Number of shares beneficially owned by each reporting person
with
5. Sole voting power -0-
6. Shared voting power -0-
7. Sole dispositive power -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 not applicable
11. Percent of class represented by amount in Row 9 0.00%
12. Type of Reporting Person IC
Item 1(a). Name of Issuer: COUNSELLORS TANDEM SECURITIES
FUND, INC.
Item 1(b). Address of Issuer's Principal Executive Office:
335 Madison Avenue, 15th Floor
New York, New York 10017
Item 2(a). Name of Person Filing:
Stein Roe & Farnham Incorporated, jointly on its
own behalf and on behalf of Foremost Insurance Company,
Health Care Indemnity Inc., AVEMCO Insurance Company and
West Bend Mutual Insurance Company
Item 2(b). Address of Principal Business Office:
One South Wacker Drive
Chicago, IL 60606
Item 2(c). Citizenship: Delaware Corporation
Item 2(d). Title of Class of Securities: 5.375% Preferred
Stock
Item 2(e). CUSIP Number: 222269300
Item 3. If this statement is filed pursuant to Rules 13d-
1(b), or 13d-2(b), check whether person filing is a:
(e) [XX] Investment Adviser registered under
Section 203 of the Investment Advisers Act of 1940.
Item 4. Ownership:
(a) Amount beneficially owned: -0- shares
(b) Percent of Class: 0.00%
(c) Number of shares as to which such 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: -0-
(iv) shared power to dispose or to direct the
disposition: -0-
Item 5. Ownership of Five Percent or Less of a Class:
This report is being filed to reflect beneficial
ownership of less than 5% of the common stock.
Item 6. Ownership of More than Five Percent on Behalf of
Another Person:
Not Applicable
Item 7. Identification and Classification of the Subsidiary
which Acquired the Security Being Reported on by the Parent
Holding Company:
Not Applicable
Item 8. Identification and Classification of Members of the
Group:
Not Applicable
Item 9. Notice of Dissolution of Group:
Not Applicable
Item 10. CERTIFICATION:
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above
were acquired in the ordinary course of business and
were not acquired for the purpose of and do not have the
effect of changing or influencing the control of the
issuer of such securities and were not acquired in
connection with or as a participant in any transaction
having such purposes 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: February 12, 1997
By: /s/ Jilaine Hummel Bauer
Jilaine Hummel Bauer
Senior Vice President & General Counsel
AGREEMENT WITH REGARD TO JOINT FILING OF SCHEDULE 13G
made this 10th day of February, 1994, by and between STEIN
ROE & FARNHAM INCORPORATED, a Delaware Corporation ("SR&F")
and FOREMOST INSURANCE COMPANY, a Michigan domestic
insurance company ("FIC"),
WITNESSETH:
Whereas, SR&F has investment discretion with respect to the
portfolio investments of FIC, and may therefore be
considered a "beneficial owner" of such portfolio
investments pursuant to Regulation 13D-G (the "Regulation")
of the Securities and Exchange Commission; and,
Whereas, FIC retains voting authority with regard to its
portfolio investments and may therefore also be considered a
"beneficial owner" of such portfolio investments pursuant to
the Regulation; and,
Whereas, due to such multiple definitions of beneficial
ownership, both SR&F and FIC have incurred an obligation to
report beneficial ownership of certain of FIC's portfolio
holdings as of January 31, 1994; and,
Whereas, the Regulation authorizes "joint" filing of a
single Schedule 13G when two or more eligible persons incur
an obligation to report with respect to the same securities;
NOW THEREFORE, FIC and SR&F agree that SR&F shall be
authorized to file a single Schedule 13G, and any necessary
amendments thereto, on behalf of FIC, with respect to each
of FIC's holdings as to which such a report must be made.
FOREMOST INSURANCE COMPANY
/s/ Donald D. Welsh, Vice President Investments
STEIN ROE & FARNHAM INCORPORATED
/s/ Keith J. Rudolf, Senior Vice President and General
Counsel
AGREEMENT WITH REGARD TO JOINT FILING OF SCHEDULE 13G
made this 10th day of February, 1995, by and between STEIN
ROE & FARNHAM INCORPORATED, a Delaware Corporation ("SR&F")
and HEALTH CARE INDEMNITY, INC., a Kentucky domestic
insurance company ("HCI"),
WITNESSETH:
Whereas, SR&F has investment discretion with respect to the
portfolio investments of HCI, and may therefore be
considered a "beneficial owner" of such portfolio
investments pursuant to Regulation 13D-G (the "Regulation")
of the Securities and Exchange Commission; and,
Whereas, HCI retains voting authority with regard to its
portfolio investments and may therefore also be considered a
"beneficial owner" of such portfolio investments pursuant ot
the Regulation; and,
Whereas, due to such multiple definitions of beneficial
ownership, both SR&F and HCI have incurred an obligation to
report beneficial ownership of certain of HCI's portfolio
holdings as of December 31, 1994; and,
Whereas, the Regulation authorizes "joint" filing of a
single Schedule 13G when two or more eligible persons incur
an obligation to report with respect to the same securities;
NOW THEREFORE, HCI and SR&F agree that SR&F shall be
authorized to file a single Schedule 13G, and any necessary
amendments thereto, on behalf of HCI, with respect to each
of HCI's holdings as to which such a report must be made.
HEALTH CARE INDEMNITY, INC.
/s/ Jim Glasscock, Director of Investments and Treasury
Operations
STEIN ROE & FARNHAM INCORPORATED
/s/ Keith J. Rudolf, Senior Vice President and General
Counsel
AGREEMENT WITH REGARD TO JOINT FILING OF SCHEDULE 13G
made this 10th day of February, 1995, by and between STEIN
ROE & FARNHAM INCORPORATED, a Delaware Corporation ("SR&F")
AVEMCO CORPORATION, a Maryland domestic insurance company
("AIC"),
WITNESSETH:
Whereas, SR&F has investment discretion with respect to the
portfolio investments of AIC, and may therefore be
considered a "beneficial owner" of such portfolio
investments pursuant to Regulation 13D-G (the "Regulation")
of the Securities and Exchange Commission; and,
Whereas, AIC retains voting authority with regard to its
portfolio investments and may therefore also be considered a
"beneficial owner" of such portfolio investments pursuant to
the Regulation; and,
Whereas, due to such multiple definitions of beneficial
ownership, both SR&F and AIC have incurred an obligation to
report beneficial ownership of certain of AIC's portfolio
holdings as of December 31, 1994; and,
Whereas, the Regulation authorizes "joint" filing of a
single Schedule 13G when two or more eligible persons incur
an obligation to report with respect to the same securities;
NOW THEREFORE, AIC and SR&F agree that SR&F shall be
authorized to file a single Schedule 13G, and any necessary
amendments thereto, on behalf of AIC, with respect to each
of AIC's holdings as to which such a report must be made.
AVEMCO CORPORATION
/s/ John R. Yuska
STEIN ROE & FARNHAM INCORPORATED
/s/ Keith J. Rudolf, Senior Vice President and General
Counsel
AGREEMENT WITH REGARD TO JOINT FILING OF SCHEDULE 13G
made this 10th day of February, 1995, by and between STEIN
ROE & FARNHAM INCORPORATED, a Delaware Corporation ("SR&F")
EAGLE INSURANCE COMPANY, a New York domestic insurance
company ("EIC"),
WITNESSETH:
Whereas, SR&F has investment discretion with respect to the
portfolio investments of EIC, and may therefore be
considered a "beneficial owner" of such portfolio
investments pursuant to Regulation 13D-G (the "Regulation")
of the Securities and Exchange Commission; and,
Whereas, EIC retains voting authority with regard to its
portfolio investments and may therefore also be considered a
"beneficial owner" of such portfolio investments pursuant to
the Regulation; and,
Whereas, due to such multiple definitions of beneficial
ownership, both SR&F and EIC have incurred an obligation to
report beneficial ownership of certain of EIC's portfolio
holdings as of December 31, 1994; and,
Whereas, the Regulation authorizes "joint" filing of a
single Schedule 13G when two or more eligible persons incur
an obligation to report with respect to the same securities;
NOW THEREFORE, EIC and SR&F agree that SR&F shall be
authorized to file a single Schedule 13G, and any necessary
amendments thereto, on behalf of EIC, with respect to each
of EIC's holdings as to which such a report must be made.
EAGLE INSURANCE COMPANY
/s/ Jeffrey J. Miszner, Senior Vice President - Financial
Services
STEIN ROE & FARNHAM INCORPORATED
/s/ Keith J. Rudolf, Senior Vice President and General
Counsel
AGREEMENT WITH REGARD TO JOINT FILING OF SCHEDULE 13G
made this 10th day of February, 1995, by and between STEIN
ROE & FARNHAM INCORPORATED, a Delaware Corporation ("SR&F")
and WEST BEND MUTUAL INSURANCE COMPANY, a Wisconsin domestic
insurance company ("WBM"),
WITNESSETH:
Whereas, SR&F has investment discretion with respect to the
portfolio investments of WBM, and may therefore be
considered a "beneficial owner" of such portfolio
investments pursuant to Regulation 13D-G (the "Regulation")
of the Securities and Exchange Commission; and,
Whereas, WBM retains voting authority with regard to its
portfolio investments and may therefore also be considered a
"beneficial owner" of such portfolio investments pursuant to
the Regulation; and,
Whereas, due to such multiple definitions of beneficial
ownership, both SR&F and WBM have incurred an obligation to
report beneficial ownership of certain of WBM's portfolio
holdings as of December 31, 1994; and,
Whereas, the Regulation authorizes "joint" filing of a
single Schedule 13G when two or more eligible persons incur
an obligation to report with respect to the same securities;
NOW THEREFORE, WBM and SR&F agree that SR&F shall be
authorized to file a single Schedule 13G, and any necessary
amendments thereto, on behalf of WBM, with respect to each
of WBM's holdings as to which such a report must be made.
WEST BEND MUTUAL INSURANCE COMPANY
/s/ Larry Roth, Secretary and Treasurer
STEIN ROE & FARNHAM INCORPORATED
/s/ Keith J. Rudolf, Senior Vice President and General
Counsel
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
COUNSELLORS TANDEM SECURITIES FUND, INC.
(Name of Issuer)
5.375% Preferred Stock due 1996 (Private Placement)
(Title of Class of Securities)
222269300
(CUSIP Number)
Is a fee being paid with this statement: ( )Yes ( X )No
*The remainder of this page shall be filled out for a
reporting person's initial filing on this form with respect
to the subject class of securities, and for any subsequent
amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page
shall 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).
13G
CUSIP No. 222269300
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of above person
STEIN ROE & FARNHAM INCORPORATED
36-3447638
2. Check the appropriate box if a member of a group
(a) -----
(b) -----
3. SEC USE ONLY
4. Citizenship or place of organization
Delaware Corporation
Number of shares beneficially owned by each reporting person
with
5. Sole voting power -0-
6. Shared voting power -0-
7. Sole dispositive power 170,000 shares
8. Shared dispositive power -0-
9. Aggregate amount beneficially owned by each reporting
person 170,000 shares
10. Check box if the aggregate amount in Row (9) excludes
certain shares not applicable
11. Percent of class represented by amount in Row 9 28.33%
12. Type of Reporting Person IA
13G
CUSIP No. 222269300
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of above person
FOREMOST INSURANCE COMPANY
38-1407533
2. Check the appropriate box if a member of a group
(a) -----
(b) -----
3. SEC USE ONLY
4. Citizenship or place of organization
a Michigan Domestic Insurance Company
Number of shares beneficially owned by each reporting person
with
5. Sole voting power 60,000 shares
6. Shared voting power -0-
7. Sole dispositive power -0-
8. Shared dispositive power -0-
9. Aggregate amount beneficially owned by each reporting
person 60,000 shares
10. Check box if the aggregate amount in Row (9) excludes
certain shares not applicable
11. Percent of class represented by amount in Row 9 10%
12. Type of Reporting Person IC
13G
CUSIP No. 222269300
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of above person
HEALTH CARE INDEMNITY, INC.
61-0904881
2. Check the appropriate box if a member of a group
(a) -----
(b) -----
3. SEC USE ONLY
4. Citizenship or place of organization
a Kentucky Domestic Insurance Company
Number of shares beneficially owned by each reporting person
with
5. Sole voting power 40,000 shares
6. Shared voting power -0-
7. Sole dispositive power -0-
8. Shared dispositive power -0-
9. Aggregate amount beneficially owned by each reporting
person 40,000 shares
10. Check box if the aggregate amount in Row (9) excludes
certain shares not applicable
11. Percent of class represented by amount in Row 9 6.7%
12. Type of Reporting Person IC
13G
CUSIP No. 222269300
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of above person
AVEMCO Insurance Company
52-0795746
2. Check the appropriate box if a member of a group
(a) -----
(b) -----
3. SEC USE ONLY
4. Citizenship or place of organization
a Maryland Domestic Insurance Company
Number of shares beneficially owned by each reporting person
with
5. Sole voting power 35,000 shares
6. Shared voting power -0-
7. Sole dispositive power -0-
8. Shared dispositive power -0-
9. Aggregate amount beneficially owned by each reporting
person 35,000 shares
10. Check box if the aggregate amount in Row (9) excludes
certain shares not applicable
11. Percent of class represented by amount in Row 9 5.8%
12. Type of Reporting Person IC
13G
CUSIP No. 222269300
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of above person
EAGLE INSURANCE COMPANY
22-0874880
2. Check the appropriate box if a member of a group
(a) -----
(b) -----
3. SEC USE ONLY
4. Citizenship or place of organization
a New York Domestic Insurance Company
Number of shares beneficially owned by each reporting person
with
5. Sole voting power -0-
6. Shared voting power -0-
7. Sole dispositive power -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 not applicable
11. Percent of class represented by amount in Row 9 -0-%
12. Type of Reporting Person IC
13G
CUSIP No. 222269300
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of above person
WEST BEND MUTUAL INSURANCE COMPANY
39-0698170
2. Check the appropriate box if a member of a group
(a) -----
(b) -----
3. SEC USE ONLY
4. Citizenship or place of organization
a Wisconsin Domestic Insurance Company
Number of shares beneficially owned by each reporting person
with
5. Sole voting power 30,000 shares
6. Shared voting power -0-
7. Sole dispositive power -0-
8. Shared dispositive power -0-
9. Aggregate amount beneficially owned by each reporting
person 30,000 shares
10. Check box if the aggregate amount in Row (9) excludes
certain shares not applicable
11. Percent of class represented by amount in Row 9 5.0%
12. Type of Reporting Person IC
Item 1(a). Name of Issuer: COUNSELLORS TANDEM SECURITIES
FUND, INC.
Item 1(b). Address of Issuer's Principal Executive Office:
466 Lexington Avenue
New York, New York 10017
Item 2(a). Name of Person Filing:
Stein Roe & Farnham Incorporated, jointly on its
own behalf and on behalf of Foremost Insurance Company,
Health Care Indemnity Inc., AVEMCO Insurance Company and
West Bend Mutual Insurance Company
Item 2(b). Address of Principal Business Office:
One South Wacker Drive
Chicago, IL 60606
Item 2(c). Citizenship: Delaware Corporation
Item 2(d). Title of Class of Securities: 5.375% Preferred
Stock
Item 2(e). CUSIP Number: 222269300
Item 3. If this statement is filed pursuant to Rules 13d-
1(b), or 13d-2(b), check whether person filing is a:
(e) [XX] Investment Adviser registered under
Section 203 of the Investment Advisers Act of 1940.
Item 4. Ownership:
(a) Amount beneficially owned: 170,000 shares
(b) Percent of Class: 28.33%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
Foremost Insurance Co. 60,000 shares
Health Care Indemnity Inc. 40,000 shares
AVEMCO Insurance Company 35,000 shares
West Bend Insurance Co. 30,000 shares
(ii) shared power to vote or to direct the
vote: -0-
(iii) sole power to dispose or to direct the
disposition: 170,000 shares
(Stein Roe & Farnham Incorporated)
(iv) shared power to dispose or to direct the
disposition: -0-
Item 5. Ownership of Five Percent or Less of a Class:
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of
Another Person:
Foremost Insurance Co. 60,000 shares 10%
Health Care Indemnity Inc. 40,000 shares 6.7%
AVEMCO Insurance Company 35,000 shares 5.8%
West Bend Mutual Insurance Co. 30,000 shares 5.0%
Each of the foregoing is an Insurance Company defined
in Sec. 3(a)(19) of the Act, which is an investment advisory
client of Stein Roe & Farnham Incorporated.
Item 7. Identification and Classification of the Subsidiary
which Acquired the Security Being Reported on by the Parent
Holding Company:
Not Applicable
Item 8. Identification and Classification of Members of the
Group:
Not Applicable
Item 9. Notice of Dissolution of Group:
Not Applicable
Item 10. CERTIFICATION:
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above
were acquired in the ordinary course of business and
were not acquired for the purpose of and do not have the
effect of changing or influencing the control of the
issuer of such securities and were not acquired in
connection with or as a participant in any transaction
having such purposes 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: February 12, 1996
By: /s/ Philip D. Hausken, Vice President
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
COUNSELLORS TANDEM SECURITIES FUND, INC.
(Name of Issuer)
5.375% Preferred Stock due 1996 (Private Placement)
(Title of Class of Securities)
222269300
(CUSIP Number)
Is a fee being paid with this statement: ( )Yes ( X )No
*The remainder of this page shall be filled out for a
reporting person's initial filing on this form with respect
to the subject class of securities, and for any subsequent
amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page
shall 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).
13G
CUSIP No. 222269300
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of above person
STEIN ROE & FARNHAM INCORPORATED
36-3447638
2. Check the appropriate box if a member of a group
(a) -----
(b) -----
3. SEC USE ONLY
4. Citizenship or place of organization
Delaware Corporation
Number of shares beneficially owned by each reporting person
with
5. Sole voting power -0-
6. Shared voting power -0-
7. Sole dispositive power 200,000 shares
8. Shared dispositive power -0-
9. Aggregate amount beneficially owned by each reporting
person 200,000 shares
10. Check box if the aggregate amount in Row (9) excludes
certain shares not applicable
11. Percent of class represented by amount in Row 9 33.33%
12. Type of Reporting Person IA
13G
CUSIP No. 222269300
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of above person
FOREMOST INSURANCE COMPANY
38-1407533
2. Check the appropriate box if a member of a group
(a) -----
(b) -----
3. SEC USE ONLY
4. Citizenship or place of organization
a Michigan Domestic Insurance Company
Number of shares beneficially owned by each reporting person
with
5. Sole voting power 60,000 shares
6. Shared voting power -0-
7. Sole dispositive power -0-
8. Shared dispositive power -0-
9. Aggregate amount beneficially owned by each reporting
person 60,000 shares
10. Check box if the aggregate amount in Row (9) excludes
certain shares not applicable
11. Percent of class represented by amount in Row 9 10%
12. Type of Reporting Person IC
13G
CUSIP No. 222269300
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of above person
HEALTH CARE INDEMNITY, INC.
61-0904881
2. Check the appropriate box if a member of a group
(a) -----
(b) -----
3. SEC USE ONLY
4. Citizenship or place of organization
a Kentucky Domestic Insurance Company
Number of shares beneficially owned by each reporting person
with
5. Sole voting power 40,000 shares
6. Shared voting power -0-
7. Sole dispositive power -0-
8. Shared dispositive power -0-
9. Aggregate amount beneficially owned by each reporting
person 40,000 shares
10. Check box if the aggregate amount in Row (9) excludes
certain shares not applicable
11. Percent of class represented by amount in Row 9 6.7%
12. Type of Reporting Person IC
13G
CUSIP No. 222269300
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of above person
AVEMCO Insurance Company
52-0795746
2. Check the appropriate box if a member of a group
(a) -----
(b) -----
3. SEC USE ONLY
4. Citizenship or place of organization
a Michigan Domestic Insurance Company
Number of shares beneficially owned by each reporting person
with
5. Sole voting power 35,000 shares
6. Shared voting power -0-
7. Sole dispositive power -0-
8. Shared dispositive power -0-
9. Aggregate amount beneficially owned by each reporting
person 35,000 shares
10. Check box if the aggregate amount in Row (9) excludes
certain shares not applicable
11. Percent of class represented by amount in Row 9 5.8%
12. Type of Reporting Person IC
13G
CUSIP No. 222269300
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of above person
EAGLE INSURANCE COMPANY
22-0874880
2. Check the appropriate box if a member of a group
(a) -----
(b) -----
3. SEC USE ONLY
4. Citizenship or place of organization
a New York Domestic Insurance Company
Number of shares beneficially owned by each reporting person
with
5. Sole voting power 30,000 shares
6. Shared voting power -0-
7. Sole dispositive power -0-
8. Shared dispositive power -0-
9. Aggregate amount beneficially owned by each reporting
person 30,000 shares
10. Check box if the aggregate amount in Row (9) excludes
certain shares not applicable
11. Percent of class represented by amount in Row 9 5.0%
12. Type of Reporting Person IC
13G
CUSIP No. 222269300
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of above person
WEST BEND MUTUAL INSURANCE COMPANY
39-0698170
2. Check the appropriate box if a member of a group
(a) -----
(b) -----
3. SEC USE ONLY
4. Citizenship or place of organization
a Wisconsin Domestic Insurance Company
Number of shares beneficially owned by each reporting person
with
5. Sole voting power 30,000 shares
6. Shared voting power -0-
7. Sole dispositive power -0-
8. Shared dispositive power -0-
9. Aggregate amount beneficially owned by each reporting
person 30,000 shares
10. Check box if the aggregate amount in Row (9) excludes
certain shares not applicable
11. Percent of class represented by amount in Row 9 5.0%
12. Type of Reporting Person IC
Item 1(a). Name of Issuer: COUNSELLORS TANDEM SECURITIES
FUND, INC.
Item 1(b). Address of Issuer's Principal Executive Office:
466 Lexington Avenue
New York, New York 10017
Item 2(a). Name of Person Filing:
Stein Roe & Farnham Incorporated, jointly on its
own behalf and on behalf of Foremost Insurance Company,
Health Care Indemnity Inc., AVEMCO Insurance Company, Eagle
Insurance Company and West Bend Mutual Insurance Company
Item 2(b). Address of Principal Business Office:
One South Wacker Drive
Chicago, IL 60606
Item 2(c). Citizenship: Delaware Corporation
Item 2(d). Title of Class of Securities: 5.375% Preferred
Stock
Item 2(e). CUSIP Number: 222269300
Item 3. If this statement is filed pursuant to Rules 13d-
1(b), or 13d-2(b), check whether person filing is a:
(e) [XX] Investment Adviser registered under
Section 203 of the Investment Advisers Act of 1940.
Item 4. Ownership:
(a) Amount beneficially owned: 200,000 shares
(b) Percent of Class: 33.33%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
Foremost Insurance Co. 60,0000 shares
Health Care Indemnity Inc. 40,000 shares
AVEMCO Insurance Company 35,000 shares
Eagle Insurance Company 30,000 shares
West Bend Insurance Co. 30,000 shares
(ii) shared power to vote or to direct the
vote: -0-
(iii) sole power to dispose or to direct the
disposition: 200,000 shares
(Stein Roe & Farnham Incorporated)
(iv) shared power to dispose or to direct the
disposition: -0-
Item 5. Ownership of Five Percent or Less of a Class:
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of
Another Person:
Foremost Insurance Co. 60,000 shares 10%
Health Care Indemnity Inc. 40,000 shares 6.7%
AVEMCO Insurance Company 35,000 shares 5.8%
Eagle Mutual Insurance Co. 30,000 shares 5.0%
West Bend Mutual Insurance Co. 30,000 shares 5.0%
Each of the foregoing is an Insurance Company defined
in Sec. 3(a)(19) of the Act, which is an investment advisory
client of Stein Roe & Farnham Incorporated.
Item 7. Identification and Classification of the Subsidiary
which Acquired the Security Being Reported on by the Parent
Holding Company:
Not Applicable
Item 8. Identification and Classification of Members of the
Group:
Not Applicable
Item 9. Notice of Dissolution of Group:
Not Applicable
Item 10. CERTIFICATION:
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above
were acquired in the ordinary course of business and
were not acquired for the purpose of and do not have the
effect of changing or influencing the control of the
issuer of such securities and were not acquired in
connection with or as a participant in any transaction
having such purposes 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: February 13, 1995
By: /s/ Keith J. Rudolf, Senior Vice President and General
Counsel
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
COUNSELLORS TANDEM SECURITIES FUND, INC.
(Name of Issuer)
5.375% Preferred Stock due 1996 (Private Placement)
(Title of Class of Securities)
2222699A2
(CUSIP Number)
Is a fee being paid with this statement: ( X )Yes ( )No
*The remainder of this page shall be filled out for a
reporting person's initial filing on this form with respect
to the subject class of securities, and for any subsequent
amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page
shall 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).
13G
CUSIP No. 2222699A2
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of above person
STEIN ROE & FARNHAM INCORPORATED
36-3447638
2. Check the appropriate box if a member of a group
(a) -----
(b) -----
3. SEC USE ONLY
4. Citizenship or place of organization
Delaware Corporation
Number of shares beneficially owned by each reporting person
with
5. Sole voting power -0-
6. Shared voting power -0-
7. Sole dispositive power 200,000 shares
8. Shared dispositive power -0-
9. Aggregate amount beneficially owned by each reporting
person 200,000 shares
10. Check box if the aggregate amount in Row (9) excludes
certain shares not applicable
11. Percent of class represented by amount in Row 9 33.33%
12. Type of Reporting Person IA
13G
CUSIP No. 2222699A2
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of above person
FOREMOST INSURANCE COMPANY
38-1407533
2. Check the appropriate box if a member of a group
(a) -----
(b) -----
3. SEC USE ONLY
4. Citizenship or place of organization
a Michigan Domestic Insurance Company
Number of shares beneficially owned by each reporting person
with
5. Sole voting power 60,000 shares
6. Shared voting power -0-
7. Sole dispositive power -0-
8. Shared dispositive power -0-
9. Aggregate amount beneficially owned by each reporting
person 60,000 shares
10. Check box if the aggregate amount in Row (9) excludes
certain shares not applicable
11. Percent of class represented by amount in Row 9 10%
12. Type of Reporting Person IC
Item 1(a). Name of Issuer: COUNSELLORS TANDEM SECURITIES
FUND, INC.
Item 1(b). Address of Issuer's Principal Executive Office:
466 Lexington Avenue
New York, New York 10017
Item 2(a). Name of Person Filing:
Stein Roe & Farnham Incorporated, jointly
on its own behalf and on behalf of
Foremost Insurance Company
Item 2(b). Address of Principal Business Office:
One South Wacker Drive
Chicago, IL 60606
Item 2(c). Citizenship: Delaware Corporation
Item 2(d). Title of Class of Securities: 5.375% Preferred
Stock due 1996
Private Placement
Item 2(e). CUSIP Number: 2222699A2
Item 3. If this statement is filed pursuant to Rules 13d-
1(b), or 13d-2(b), check whether person filing is a:
(e) [XX] Investment Adviser registered under
Section 203 of the Investment Advisers Act of 1940.
Item 4. Ownership:
(a) Amount beneficially owned: 200,000 shares
(b) Percent of Class: 33.33%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
Foremost Insurance Company 60,0000 shares
(ii) shared power to vote or to direct the
vote: -0-
(iii) sole power to dispose or to direct the
disposition: 200,000 shares
(Stein Roe & Farnham Incorporated)
(iv) shared power to dispose or to direct the
disposition: -0-
Item 5. Ownership of Five Percent or Less of a Class:
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of
Another Person:
Foremost Insurance Co. 60,000 shares 10%
Health Care Indemnity Inc. 40,000 shares 6.7%
AVEMCO Insurance Company 35,000 shares 5.8%
Eagle Mutual Insurance Co. 30,000 shares 5.0%
West Bend Mutual Insurance Co. 30,000 shares 5.0%
Each of the foregoing is an Insurance Company defined
in Sec. 3(a)(19) of the Act, which is an investment advisory
client of Stein Roe & Farnham Incorporated.
Item 7. Identification and Classification of the Subsidiary
which Acquired the Security Being Reported on by the Parent
Holding Company:
Not Applicable
Item 8. Identification and Classification of Members of the
Group:
Not Applicable
Item 9. Notice of Dissolution of Group:
Not Applicable
Item 10. CERTIFICATION:
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above
were acquired in the ordinary course of business and
were not acquired for the purpose of and do not have the
effect of changing or influencing the control of the
issuer of such securities and were not acquired in
connection with or as a participant in any transaction
having such purposes 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: February 10, 1994
By: /s/ Keith J. Rudolf, Senior Vice President and General
Counsel
