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INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Swamp Hall Properties, L.P.
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(Last) (First) (Middle)
1600 Rockland Road
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(Street)
Wilmington Delaware 19803
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
12/22/98
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3. IRS or Social Security Number of Reporting Person (Voluntary)
51-0385980
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4. Issuer Name AND Ticker or Trading Symbol
Arvida/JMB Partners, L.P. XXAAU
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5. Relationship of Reporting Person(s) to Issuer:
(Check all applicable)
Director X 10% Owner
----- ------
Officer (give Other (Specify
----- title below) ------ below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
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Form filed by More than One Reporting Person
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Table 1 -- Non-Derivative Securities Beneficially Owned
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<TABLE>
<CAPTION>
1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect Beneficial Ownership
(Instr. 4) Beneficially Owned Direct (D) or (Instr. 4)
(Instr. 4) Indirect (I)
(Instr. 5)
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units of limited partnership interest 106,200.4399 I
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<S> <C> <C> <C>
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction
5(b)(v).
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FORM 3 (continued)
<TABLE>
<CAPTION>
Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative Security 2. Date Exer- 3. Title and Amount of Securities 4. Conversion 5. Ownership 6. Nature of
(Instr. 4) cisable and Underlying Derivative Security or Exercise Form of Indirect
Expiration (Instr. 4) Price of Derivative Beneficial
Date Derivative Security: Ownership
(Month/Day/ Security Direct (D) (Instr. 5)
Year) or
------- ------- --------------------------------- Indirect (I)
Date Expira- Amount (Instr. 5)
Exer- tion or
cisable Date Title Number
of
Shares
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<S> <C> <C> <C> <C> <C> <C> <C>
N/A
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</TABLE>
Explanation of Responses:
* See Attachment
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
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Attachment to Form 3 filed by Swamp Hall Propertied, L.P.
Reporting Beneficial Ownership of units of limited partnership of Arvida/JMB
Partners, L.P.
Dated April 3, 1999
Explanation of Response: Pursuant to Instruction 5(b)(v), Swamp Hall
Properties, L.P. (the "Swamp Hall") is the Reporting Person. The Alfred I.
duPont Testamentary Trust (the "Trust") is the sole limited partner of Swamp
Hall and owns all of the outstanding stock in the corporate general partner of
Swamp Hall. The St. Joe Company (the "Parent") and St. Joe Capital II, Inc.
(the "Purchaser") purchased units of limited partnership interest of Arvida/JMB
Partners, L.P. (the "Issuer"). The Trustees of the Trust also constitute all
of the directors of the Nemours Foundation (the "Foundation"), which also
directly and beneficially owns shares of common stock of the Parent and units
of the Issuer. The beneficial ownership of the common stock of the Parent by
Swamp Hall, the Rockland Company, the Trust, the Trustees and the Foundation
has reported on respective Forms 4 previously filed with the Commission on
March 10, 1998 and January 28, 1999. 106,200.4339 units of the Issuer reported
as being beneficially owned by Swamp Hall are jointly owned by the Parent and
the Purchaser. Swamp Hall may be deemed the beneficial owner of such units of
the Issuer by virtue of the fact that Swamp Hall directly owns 49,643,292
shares, representing 56.34%(1) of the outstanding common stock of the Parent.
Swamp Hall declares that by filing this Form 3, Swamp Hall is not admitting
beneficial ownership of any shares of the common stock of the Issuer directly
owned by the Parent and disclaims the existence of, and its membership in, any
"group" that includes the Parent as a member.
(1) This percentage is based on the number of shares issued and outstanding on
March 12, 1999 in the Parent's Annual Report on Form 10-K, dated March 30,
1999, the Parent's last public announcement as to the number of its shares of
outstanding common stock.
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/s/ Swamp Hall Properties, L.P.
By:/s/John F. Porter, III
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John F. Porter, III, President of
The Rockland Company, the managing general partner of
Swamp Hall Properties, L.P.
(Duly Authorized Representative)
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