SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Amendment No. 1)
Under the Securities Exchange Act of 1934
QUEST FOR VALUE DUAL PURPOSE FUND, INC.
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(Name of Issuer)
Capital
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(Title of Class of Securities)
748343209
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(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class 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 not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
CUSIP NO. 748343209
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification
Nos. of Above Persons: Sierra Trading Tax ID#:22-2968640
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
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(3) SEC Use Only
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(4) Citizenship or Place of Organization: New Jersey
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Number of Shares Beneficially Owned by Each (5) Sole Voting
Reporting Person With Power: --
(6) Shared Voting
Power: -0-
(7) Sole Dispositive
Power: --
(8) Shared Dispositive
Power: -0-
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person: -0-
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(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
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(11) Percent of Class Represented by Amount in Row (9): 0%
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(12) Type of Reporting Person (See Instructions): BD
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<PAGE>
CUSIP NO. 748343209
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification
Nos. of Above Persons: Sierra Enterprises Group, L.L.C. Tax ID#:22-2968645
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
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(3) SEC Use Only
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(4) Citizenship or Place of Organization: New Jersey
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Number of Shares Beneficially Owned by Each (5) Sole Voting
Reporting Person With Power: --
(6) Shared Voting
Power: -0-
(7) Sole Dispositive
Power: --
(8) Shared Dispositive
Power: -0-
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person: -0-
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(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
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(11) Percent of Class Represented by Amount in Row (9): 0%
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(12) Type of Reporting Person (See Instructions): PN
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<PAGE>
CUSIP NO. 748343209
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(1) Names of Reporting Persons. Andrew J. Shechtel
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
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(3) SEC Use Only
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(4) Citizenship or Place of Organization: New Jersey
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Number of Shares Beneficially Owned by Each (5) Sole Voting
Reporting Person With Power: --
(6) Shared Voting
Power: -0-
(7) Sole Dispositive
Power: --
(8) Shared Dispositive
Power: -0-
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person: -0-
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(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
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(11) Percent of Class Represented by Amount in Row (9): 0%
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(12) Type of Reporting Person (See Instructions): IN
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<PAGE>
CUSIP NO. 748343209
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(1) Names of Reporting Persons. C. Fred Taylor
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
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(3) SEC Use Only
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(4) Citizenship or Place of Organization: New Jersey
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Number of Shares Beneficially Owned by Each (5) Sole Voting
Reporting Person With Power: --
(6) Shared Voting
Power: -0-
(7) Sole Dispositive
Power: --
(8) Shared Dispositive
Power: -0-
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person: -0-
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(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
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(11) Percent of Class Represented by Amount in Row (9): 0%
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(12) Type of Reporting Person (See Instructions): IN
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<PAGE>
CUSIP NO. 748343209
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(1) Names of Reporting Persons. David Gelbaum
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)
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(3) SEC Use Only
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(4) Citizenship or Place of Organization: New Jersey
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Number of Shares Beneficially Owned by Each (5) Sole Voting
Reporting Person With Power: --
(6) Shared Voting
Power: -0-
(7) Sole Dispositive
Power: --
(8) Shared Dispositive
Power: -0-
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person: -0-
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(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
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(11) Percent of Class Represented by Amount in Row (9): 0%
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(12) Type of Reporting Person (See Instructions): IN
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<PAGE>
Item 1(a). Name Of Issuer: Quest for Value Dual Purpose Fund, Inc.
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Item 1(b). Address of Issuer's Principal Executive Offices: Oppenheimer Tower,
World Financial Center, New York, New York 10281
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Item 2(a). Name of Persons Filing: *Sierra Trading
Sierra Enterprises Group, L.L.C.
Andrew J. Shechtel
C. Fred Taylor
David Gelbaum
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Item 2(b). Address of Principal Business Office or, if None, Residence:
33 Witherspoon Street, 3rd Floor, Princeton, New Jersey 08542
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Item 2(c). Citizenship: Sierra Trading, A New Jersey General Partnership
Sierra Enterprises Group, L.L.C., A New Jersey Limited
Liability Company
Andrew J. Shechtel, U.S. Citizen
C. Fred Taylor, U.S. Citizen
David Gelbaum, U.S. Citizen
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Item 2(d). Title of Class of Securities: Capital
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Item 2(e). CUSIP No.: 748343209
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Item 3. If This Statement Is Filed Pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the Person Filing is a
(a) [*X] Broker or Dealer registered under Section 15 of the Act.
(b) [ ] Bank as defined in section 3(a)(6) of the Act.
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act.
(d) [ ] Investment Company registered under section 8 of the
Investment Company Act.
(e) [ ] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940.
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974 or Endowment
fund; see Rule 13d-1(b)(1)(ii)(H).
(g) [ ] Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G)
(Note: See Item 7).
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
Item 4. Ownership
(a) Amount Beneficially Owned (as of March 24, 1997): 0
(b) Percent of Class (as of March 24, 1997): 0%
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote --
----------
(ii) shared power to vote or to direct the vote 0
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(iii) sole power to dispose or to direct the disposition of --
(iv) shared power to dispose or to direct the disposition of 0
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ X ].
Item 6. Ownership of More Than Five Percent on Behalf of Another Person
N/A
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company. N/A
Item 8. Identification and Classification of Members of the Group. N/A
Item 9. Notice of Dissolution of Group. N/A
<PAGE>
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.
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.
September 3, 1997
(Date)
/s/ Andrew J. Shechtel
_________________________________
(Signature)
Andrew J. Shechtel/Member
_________________________________
ANDREW J. SHECHTEL, As a Member Of SIERRA
ENTERPRISES GROUP, L.L.C., The Managing
General Partner of Sierra Trading
<PAGE>
EXHIBIT TO SCHEDULE 13G
FILED BY SIERRA TRADING
RE: QUEST FOR VALUE DUAL PURPOSE FUND, INC.
Pursuant to the requirement of 240.13d-1(f)(1)(iii), this Exhibit shall
constitute our written agreement that the Schedule 13G to which this Exhibit is
attached is filed on behalf of Sierra Trading, Sierra Enterprises Group, L.L.C.,
the managing general partner of Sierra Trading, and on behalf of Andrew J
Shechtel, C. Fred Taylor and David Gelbaum, each of whom are members of Sierra
Enterprises Group, L.L.C., regarding our respective beneficial ownership in the
above-captioned equity security.
SIERRA TRADING
BY: SIERRA ENTERPRISES GROUP, L.L.C.,
MANAGING GENERAL PARTNER
BY: Andrew J. Shechtel/Member
_____________________________________
ANDREW J. SHECHTEL, As a Member
Of SIERRA ENTERPRISES GROUP , L.L.C.,
The Managing General Partner of
Sierra Trading
By: /s/ Andrew J. Shechtel
______________________
Name: Andrew J. Shechtel
By: /s/ C. Fred Taylor
______________________
Name: C. Fred Taylor
By: /s/ David Gelbaum
______________________
Name: David Gelbaum
