Page 1 of 7 Pages
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.____________)*
YOUTH SERVICES INTERNATIONAL, INC.
-----------------------------------------------------
(Name of Issuer)
Common Stock, Class A
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(Title of Class of Securities)
987816105
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(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).
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Page 2 of 7 Pages
Schedule 13G (continued)
CUSIP No. 987816105
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BAMCO, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 555,750
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 555,750
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
555,750
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.1%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
1A
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
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Page 3 of 7 Pages
Schedule 13G (continued)
CUSIP No. 987816105
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Baron Capital Management, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 110,250
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 110,250
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
110,250
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.8%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
1A
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
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Page 4 of 7 Pages
Item 1.
(a) Name of Issuer:
Youth Services International, Inc.
(b) Address of Issuer's Principal Executive Offices:
2 Park Center Court
Suite 200
Owings Mills, MD 21117
Item 2.
(a) Name of Persons Filing:
BAMCO, Inc. ("BAMCO")
Baron Capital Management, Inc. ("BCM")
(b) Address of Principal Business Office:
450 Park Avenue
Suite 2800
New York, NY 10022
(c) Citizanship:
BAMCO and BCM are New York corporations
(d) Title of Class Securities:
Common Stock, Class A
(e) CUSIP Number:
987816105
Item 3. PERSONS FILING
BAMCO and BCM are:
(e) Investment Advisers registered under section 203 of the
Investment Advisors Act 0f 1940
(h) Group, in accordance with Rule 13d-1(b)(1)(ii)(F)
Item 4. OWNERSHIP^
(a) Amount Benefically Owned as of June 17, 1996:
BAMCO: 555,750 shares
BCM: 110,250 shares
(b) Percent of Class:
BAMCO: 9.1%
BCM: 1.8%
^BAMCO and BCM disclaim beneficial ownership of shares held by their investment
advisory clients to the extent such shares are held by persons other than
BAMCO, BCM and their affiliates.
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(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote:
BAMCO: 555,750
BCM: 110,250
(ii) shared power to vote or direct the vote:
BAMCO: 0
BCM: 0
(iii) sole power to dispose or to direct the disposition of:*
BAMCO: 555,750
BCM: 110,250
(iv) shared power to dispose or direct the disposition of:*
BAMCO: 0
BCM: 0
Item 5. OWNERSHIP OF 5% OR LESS OF A CLASS
Not applicable.
Item 6. OWNERSHIP OF MORE THAN 5% ON BEHALF OF ANOTHER PERSON
The advisory clients of BAMCO and BCM have the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the
sale of, the Issuer's common stock in their accounts. To the best of
the Filing Persons' knowledge, no person has such interest relating to
more than 5% of the outstanding shares except that Baron Asset Fund, an
investment company registered under the Investment Company Act of 1940,
and an advisory client of BAMCO, owns 495,750 (8.1%) of the shares for
which BAMCO is reporting herein.
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
See Item 3.
* By virtue of investment advisory agreements with their repective clients,
BAMCO and BCM have been given the discretion to dispose or the disposition of
the securities in the advisory accounts. All such discretionary agreements,
are however, revocable.
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Page 6 of 7 Pages
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: June 19, 1996
BAMCO, Inc. and Baron Capital Management, Inc.
By:
/s/ Ronald Baron
_______________________________________
Ronald Baron, President
