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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Nvest, L.P.
(Name of Issuer)
Units of Limited Partnership Interest
(Title of Class of Securities)
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67065F 10 7
(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 disclosures provided in
a prior cover page.
The information required on 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).
SEC 1746 (2-92
SCHEDULE 13G
Page 2 of 6 Pages
CUSIP No. 67065F 10 7
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
JV Investments, Inc.
IRS No.: 94-2905845
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/ /
(b)/ /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Nevada
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NUMBER OF 5 SOLE VOTING POWER
SHARES 704,000 units
BENEFICIALLY -------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH -0-
REPORTING -------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 704,000 units
-------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- -----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
704,000 units
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* / X /
See Rider A
- -----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.90%
- -----------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT
SCHEDULE 13G
Page 3 of 6 Pages
CUSIP No. 67065F 10 7
ITEM 1.
(a) The name of the issuer is Nvest, L.P.
(b) The principal executive office of Nvest, L.P. is 399
Boylston Street, Boston, MA 02116.
ITEM 2.
(a) The name of the person filing this statement is JV
Investments, Inc.
(b) The principal business office of JV Investments, Inc.
is located at 6140 Plumas Street, Reno, Nevada 89509-6060.
(c) JV Investments, Inc. is a Nevada corporation.
(d) This statement relates to Units of Limited Partnership
Interest of Nvest, L.P.
(e) The CUSIP number is 67065F 10 7.
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
Not applicable.
SCHEDULE 13G
Page 4 of 6 Pages
CUSIP No. 67065F 10 7
ITEM 4. OWNERSHIP
(a) JV Investments, Inc. beneficially owns 704,000 units.
(b) JV Investments, Inc. beneficially owns 9.90% of the
units.
(c) (i) JV Investments, Inc. has the sole power to vote
or to direct the vote of 704,000 units.
(d) (ii) JV Investments, Inc. has the shared power to vote
or to direct the vote of -0- units.
(e) (iii) JV Investments, Inc. has the sole power to
dispose or to direct the disposition of 704,000 units.
(f) (iv) JV Investments, Inc. has the shared power to
dispose or to direct the disposition of -0- units.
All units reported on are units which the filing person may
acquire in the future through the exchange of an equal number of
limited partnership units of an affiliated private partnership,
Nvest Companies, L.P. ("Nvest Companies"). Insofar as the
managing general partner of Nvest Companies has the authority to
withhold consent from any such future exchanges as provided in
the amended partnership agreement of Nvest Companies, the filing
person may not be the "beneficial owner" of the above units of
Issuer within the meaning of Rule 13-3(d)(l)(I), and this
schedule shall not be construed as an admission that the
Reporting Person is such a "beneficial owner". See Rider B.
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 / /.
Instruction: Dissolution of a group requires a response to this
item.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON
Not applicable
SCHEDULE 13G
Page 5 of 6 Pages
CUSIP No. 67065F 10 7
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 the undersigned certifies that, to the best of
its 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.
SIGNATURES
After reasonable inquiry and to the best of my knowledge, I
certify that the information set forth in this statement is true,
complete and correct.
DATED: February 12, 1999
JV Investments, Inc.
By: ______________________________
Karl-Olof Mills, Executive Vice President
SCHEDULE 13G
Page 6 of 6 Pages
CUSIP No. 67065F 10 7
Rider A
Excludes 1,556,900 Units of Limited Partnership Interest that may
be acquired upon the permitted exercise of exchange rights with
respect to Units of Limited Partnership Interest of Nvest
Companies, L.P. that may not be exercised within 60 days.
Rider B
Excludes 1,556,900 Units of Limited Partnership Interest that may
be acquired upon the permitted exercise of exchange rights with
respect to Units of Limited Partnership Interest of Nvest
Companies that may not be exercised within 60 days.