SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of
1934 (Amendment No. 1)
BAKER HUGHES INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
057224107
(CUSIP Number)
Check the following box if a fee is being paid with this
statement.
(A fee is not
required only if
the filing 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).
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).
(Continued on following pages(s))
CUSIP NO. 057224107
13G
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NationsBank Corporation
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
X
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
North Carolina Corporation
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
5537701
6
SHARED VOTING POWER
4060482
7
SOLE DISPOSITIVE POWER
2430995
8
SHARED DISPOSITIVE POWER
5484950
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9610533
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
* 11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.68
12
TYPE OF REPORTING PERSON *
HC
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP NO. 057224107
13G
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON NB Holdings Corporation
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP* (a)
(b)
X
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
North Carolina Corporation
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
5537701
6
SHARED VOTING POWER
4060482
7
SOLE DISPOSITIVE POWER
2430995
8
SHARED DISPOSITIVE POWER
5484950
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9610533
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
* 11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.68
12
TYPE OF REPORTING PERSON *
HC
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP NO. 057224107
13G
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NationsBank, N.A.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
X
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. National Banking Association
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH 5
SOLE VOTING POWER
1107370
6
SHARED VOTING POWER
23300
7
SOLE DISPOSITIVE POWER
1001348
8
SHARED DISPOSITIVE POWER
46864
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1138920
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
* 11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.67
12
TYPE OF REPORTING PERSON *
BK
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP NO. 057224107
13G
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NationsBank Texas Bancorporation, Inc.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
X
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
1490906
6
SHARED VOTING POWER
0
7
SOLE DISPOSITIVE POWER
67150
8
SHARED DISPOSITIVE POWER
16056
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1495006
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
* 11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.88
12
TYPE OF REPORTING PERSON *
HC
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP NO. 057224107
13G
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NationsBank of Texas, N.A.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
X
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION U.S. National Banking
Association
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
1490906
6
SHARED VOTING POWER
0
7
SOLE DISPOSITIVE POWER
67150
8
SHARED DISPOSITIVE POWER
16056
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1495006
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
* 11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.88
12
TYPE OF REPORTING PERSON *
BK
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP NO. 057224107
13G
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TradeStreet Investment Associates, Inc.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
X
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland Corporation
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
128800
6
SHARED VOTING POWER
0
7
SOLE DISPOSITIVE POWER
128800
8
SHARED DISPOSITIVE POWER
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
128800
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
* 11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.08
12
TYPE OF REPORTING PERSON *
IA
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP NO. 057224107
13G
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Boatmen's Trust Company
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
X
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Missouri Corporation
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
2939425
6
SHARED VOTING POWER
4037182
7
SOLE DISPOSITIVE POWER
1362497
8
SHARED DISPOSITIVE POWER
5422030
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6976607
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
* 11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.12
12
TYPE OF REPORTING PERSON *
BK
*SEE INSTRUCTION BEFORE FILLING OUT!
SCHEDULE 13G
Item
1(a) Name of Issuer:
Baker Hughes Inc.
Item
1(b) Address of Issuer's Principal Executive
Offices:
3900 Essex Lane
Houston, Texas 77027
Item 2(a) Name of Person(s) Filing:
(a) NationsBank Corporation
(b) NB Holdings Corporation
(c) NationsBank, N.A.
(d) NationsBank Texas Bancorporation, Inc.
(e) NationsBank of Texas, N.A.
(f) TradeStreet Investment Associates, Inc.
(g) Boatmen's Trust Company
Item 2(b) Address of Principal Business Office or, if none, Residence:
(a) 101 South Tryon Street, NationsBank Plaza, Charlotte, North Carolina 28255
(b) 100 North Tryon Street, NationsBank Corporate Center, Charlotte, North
Carolina 28255
(c) 110 South Tryon Street, NationsBank Plaza, Charlotte, North Carolina 28255
(d) 100 North Tryon Street, NationsBank Corporate Center, Charlotte, North
Carolina 28255
(e) 901 Main Street, Dallas, Texas 75202
(f) 101 South Tryon Street, 10th Floor, Charlotte, North Carolina 28255
(g) Boatmen's Tower, 100 North Broadway, St. Louis, Missouri 63102
Item 2(c) Citizenship:
(a) North Carolina corporation
(b) North Carolina corporation
(c) U.S. National Banking Association
(d) Delaware corporation
(e) U.S. National Banking Association
(f) Maryland corporation
(g) Missouri corporation
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
057224107
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)
Broker or Dealer registered under Section 15 of the Act
(b)
X
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)
X
Investment Advisor registered under Section 203 of the
Investment Advisors 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 Sub-section 240.13d-1(b)(1)(ii)(F)
(g)
X
Parent Holding Company in accordance with Sub-section
240.13d-1(b)(ii)(G)(Note: See Item 7)
(h)
X
Group, in accordance with Sub-section 240.13d-1(b)(1)(ii)(H)
The following entities are holding companies:
NationsBank Corporation
NB Holdings Corporation
NationsBank, N.A.
NationsBank Texas Bancorporation, Inc.
The following entities are banks:
NationsBank, N.A.
NationsBank of Texas, N.A.
Boatmen's Trust Company
The following entities are registered investment advisors:
TradeStreet Investment Associates,
Inc.
Item 4 Ownership:
With respect to the beneficial
ownership of the reporting
entity as of 2/28/98, see
Items 5 through 11, inclusive,
of the respective cover pages
of this Schedule 13G
applicable to such entity
which are incorporated herein
by reference.
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
Item 6 Ownership of
More Than Five Percent on
Behalf of Another Person:
To the extent that the
reported shares are held
in various fiduciary
accounts, dividends and
the proceeds of such
shares are payable to
other persons, including
such accounts, the
beneficiaries or settlors
thereof or a combination
of such persons. In
certain instances, other
persons
(including beneficiaries
and settlors) may be
deemed to have the
power to direct receipt of dividends or the proceeds of the
sale of shares reported herein. To the best of the
undersigned's knowledge and belief, no one other person has
such an economic interest relating to more than 5% of the
class of reported shares.
Item 7 Identification and
Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding
Company:
Pursuant to Rule 13d-1(b)(1)(ii)(G) of the Securities Exchange Act of 1934,
NationsBank Corporation is filing this Schedule 13G as a
parent holding company of the following:
a. NB Holdings Corporation, which is a holding company of
its subsidiaries,
NationsBank, N.A.
Boatmen's Trust Company
classifiable under Item 3(b) as Banks as defined in Section 3(a)(6) of the
Securities Exchange Act of 1934.
b. NB Holdings Corporation, which is a holding company of its subsidiary,
NationsBank Texas Bancorporation, Inc., which is a holding company of its
subsidiary, NationsBank of Texas, N.A., classifiable under Item 3(b) as a
Bank as defined in Section 3(a)(6) of the Securities Exchange Act of 1934.
c. NB Holdings Corporation, which is a holding company of its subsidiary,
NationsBank, N.A., which is a holding company of its subsidiary, TradeStreet
Investment Associates, Inc., a registered investment advisor under the
Investment Advisors Act of 1940.
Item 8 Identification and Classification of Members of the Group:
Except for the relationships referred to in Item 7 hereof, the reporting
entities do not affirm the existence of a group. This Form is filed on behalf
of each of the entities listed in Item 2 (a) hereof.
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 purpose or effect.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
NATIONSBANK CORPORATION
NB HOLDINGS CORPORATION
NATIONSBANK, N.A.
NATIONSBANK TEXAS BANCORPORATION, INC.
NATIONSBANK OF TEXAS, N.A.
TRADESTREET INVESTMENT ASSOCIATES, INC.
BOATMEN'S TRUST COMPANY
Date:
March 6, 1998
By:
Name: Satish G. Pattegar
Title: Senior Vice President
