UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
( ) Form 3 Holdings Reported
(X) Form 4 Transactions Reported
1. Name and Address of Reporting Person
Harvison, Randall W.
2801 Glenda Avenue
Fort Worth, TX 76117
USA
2. Issuer Name and Ticker or Trading Symbol
FFP Partners, L.P.
FFP
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
December 28, 1997
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
of general partner
7. Individual or Joint/Group Reporting (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
|Transaction| or Disposed of (D) | Securities |ect | Beneficial Ownership |
|Date |Code| | Beneficially |(D)or | |
| | | | A/| | Owned at |Indir | |
| | | Amount | D | Price | End of Year |ect(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Class A Units |12/28/|J(No|175,467 |D |Note 1 |0 |I |Note 1 |
|97 |te1)| | | | | | |
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Class B Units |12/28/|J(No|25,615 |D |Note 1 |0 |I |Note 1 |
|97 |te1)| | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|ice of | | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity | | | Amount | |ble | | | |Year |(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
None | | | | | | | | | | | | | |
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Explanation of Responses:
Note 1: On December 28, 1997, FFP completed a restructuring under which the
non-real estate assets and
businesses previously owned and conducted by FFP were transferred to FFP
Marketing Company, Inc. Mr.
Harvison is a manager of 7HBF Management Co., Ltd., a Texas limited liability
company that is the general partner of
7HBF, Ltd., a Texas limited partnership that directly or indirectly owns from
33-1/3% to 100% of eight companies
that, prior to the restructuring of FFP, owned Class A and Class B Units of
FFP. Therefore, he may be deemed to
have shared investment control over the units held by them. Mr. Harvison is
also the beneficiary of a trust which
owns, directly or indirectly, from 33-1/3% to 100% of two companies that, prior
to the restructuring, owned Class
A Units and indirectly 20% of another company that owned Class A and Class B
Units. Therefore, he may be
deemed to have shared investment control over the units held by these
companies. The number of units set forth
above is Mr. Harvison's proportionate pecuniary interest in the Units owned by
these companies. Mr. Harvison
disclaims beneficial ownership of all these Units. In connection with the
restructuring, the aforementioned Class A
and Class B Units of FFP Partners were exchanged for economically equivalent
limited partnership interests of a
newly formed subsidiary of FFP
Partners.
SIGNATURE OF REPORTING PERSON
Randall W. Harvison
DATE
February 27, 1998
