<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Information Statement Pursuant to Rules 13d-1 and 13d-2
Amendment No. 1
B-E Holdings, Inc.
------------------
(Name of Issuer)
Class C Common Stock
----------------------------
(Title of Class of Securities)
055382-30-3
--------------------------------
(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.)
(Continued on following pages)
Page 1 of 5 Pages
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- -------------------------
CUSIP NO.
055382-30-3
- ------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Goldman Sachs Group, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) _____
(b) _____
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or place of Organization
Delaware
- --------------------------------------------------------------------------------
Number of 5 Sole Voting Power
Shares
Beneficially 0
Owned By ---------------------------------
Each 6 Shared Voting Power
Reporting
Person With 0
---------------------------------
7 Sole Dispositive Power
0
---------------------------------
8 Shared Dispositive Power
0
---------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
0
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
- --------------------------------------------------------------------------------
11. Percent of Class Representing by Amount in Row (11)
0.0%
- --------------------------------------------------------------------------------
12. Type of Reporting Person
HC-PN
- --------------------------------------------------------------------------------
Page 2 of 5 Pages
<PAGE>
- -------------------------
CUSIP NO.
055382-30-3
- -----------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Goldman, Sachs & Co.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) _____
(b) _____
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or place of Organization
New York
- --------------------------------------------------------------------------------
Number of 5 Sole Voting Power
Shares
Beneficially 0
Owned By ---------------------------------
Each 6 Shared Voting Power
Reporting
Person With 0
---------------------------------
7 Sole Dispositive Power
0
---------------------------------
8 Shared Dispositive Power
0
---------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
0
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
- --------------------------------------------------------------------------------
11. Percent of Class Representing by Amount in Row (11)
0.0%
- --------------------------------------------------------------------------------
12. Type of Reporting Person
BD-PN-IA
- --------------------------------------------------------------------------------
Page 3 of 5 Pages
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Item 4. Ownership.
(a). Amount beneficially owned:
See the responses(s) to Item 9 on the attached cover pages(s).
(b). Percent of class:
See the response(s) to Item 11 on the attached cover pages(s).
(c). Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See the response(s) to Item 5 on the attached cover page(s).
(ii) Shared power to vote or direct the vote:
See the response(s) to Item 6 on the attached cover page(s).
(iii) Sole power to dispose or to direct the disposition of:
See the response(s) to Item 7 on the attached cover page(s).
(iv) Shared power to dispose or to direct the disposition of:
See the response(s) to Item 8 on the attached cover page(s).
Item 5. Ownership of Five Percent or Less of a Class
December 21, 1994
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.
Page 4 of 5 Pages
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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: January 9, 1995
THE GOLDMAN SACHS GROUP, L.P.
By:__________________________________
Name: Richard Friedman
Title: General Partner
GOLDMAN, SACHS & CO.
By:__________________________________
Name: Richard Friedman
Title: General Partner
Page 5 of 5 Pages
<PAGE>
APPENDIX A
SECURITIES AND EXCHANGE
COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Information Statement Pursuant to Rules 13d-1 and 13d-2
B-E Holdings, Inc.
------------------
(Name of Issuer)
Class C Common Stock
----------------------------
(Title of class of securities)
055382-30-3
--------------------------------
(CUSIP number)
Check the following box if a fee is being paid with this statement X. (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.)
[Continued on following page(s)]
(Page 1 of 9 Pages)
<PAGE>
CUSIP NO.
055382-30-3
- --------------------------------------------------------------------------------
1. Name of reporting persons
S.S. or I.R.S. Identification number of Above Persons
The Goldman Sachs Group, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group*
(a) _____
(b) _____
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
Number of 5 Sole Voting Power
Shares
Beneficially 0
Owned by ---------------------------------
Each 6 Shared Voting Power
Reporting
Person With: 6,291,805
---------------------------------
7 Sole Dispositive Power
0
---------------------------------
8 Shared Dispositive Power
6,291,805
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
6,291,805*
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
40.5%
- --------------------------------------------------------------------------------
12. Type of Reporting Person
HC-PN
- --------------------------------------------------------------------------------
* The Class C Common shares are receivable upon the conversion of the
Series B Convertible shares.
(Page 2 of 9 Pages)
<PAGE>
CUSIP NO.
055382-30-3
- --------------------------------------------------------------------------------
1. Name of reporting persons
S.S. or I.R.S. Identification number of Above Persons
Goldman, Sachs & Co.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) _____
(b) _____
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or place of Organization
New York
- --------------------------------------------------------------------------------
Number of 5 Sole Voting Power
Shares
Beneficially 0
Owned by ---------------------------------
Each 6 Shared Voting Power
Reporting
Person With: 6,291,805
---------------------------------
7 Sole Dispositive Power
0
---------------------------------
8 Shared Dispositive Power
6,291,805
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
6,291,805
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
40.5%
- --------------------------------------------------------------------------------
12. Type of Reporting Person
BD-PN-IA
- --------------------------------------------------------------------------------
(Page 3 of 9 Pages)
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Item 1(a). Name of Issuer:
B-E Holdings, Inc
---------------------------------------------------------------
Item 1(b). Address of Issuer's Principal Executive Offices: P.O. Box 500
1100 Milwaukee Avenue, South Milwaukee, Wisconsin 53172
---------------------------------------------------------------
Item 2(a). Name of Person Filing:
The Goldman Sachs Group, L.P. and Goldman, Sachs & Co.
Item 2(b). Address of Principal Business Office, or, if None, Residence:
85 Broad Street
New York, NY 10004
---------------------------------------------------------------
Item 2(c). Citizenship:
The Goldman Sachs Group, L.P. - Delaware
Goldman, Sachs & Co. - New York
---------------------------------------------------------------
Item 2(d). Title and Class of Securities:
Class C Common Stock
---------------------------------------------------------------
Item 2(e). CUSIP Number:
055382-30-3
---------------------------------------------------------------
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)X Broker or dealer registered under Section 15 of the Act,
Goldman, Sachs & Co.
(b) 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,
(Page 4 of 9 Pages)
<PAGE>
(e)X Investment Advisor registered under Section 203 of the Investment
Advisors Act of 1940,
Goldman, Sachs & Co.
(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 13d-1(b)(1)(ii)(F),
(g)X Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G); see
Item 7,
The Goldman Sachs Group, L.P.
(h) Group, in accordance with Rule 13d-1(b)(ii)(H).
Item 4. Ownership.
(a) Amount beneficially owned:
See the responses(s) to Item 9 on the attached cover page(s).
(b) Percent of class:
See the response(s) to Item 11 on the attached cover page(s).
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See the response(s) to Item 5 on the attached cover page(s).
(ii) Shared power to vote or direct the vote:
See the response(s) to Item 6 on the attached cover page(s).
(iii) Sole power to dispose or to direct the disposition of:
See the response(s) to Item 7 on the attached cover page(s).
(iv) Shared power to dispose or to direct the disposition of:
See the response(s) to Item 8 on the attached cover page(s).
(Page 5 of 9 Pages)
<PAGE>
Item 5. Ownership of Five Percent or Less of a Class
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company.
See Exhibit (2)
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 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.
Date: February 7, 1994
THE GOLDMAN SACHS GROUP, L.P.
By: /s/ Richard A. Friedman
________________________________
Name: Richard A. Friedman
Title: General Partner
GOLDMAN, SACHS & CO.
By: /s/ Richard A. Friedman
________________________________
Name: Richard A. Friedman
Title: General Partner
(Page 6 of 9 Pages)
<PAGE>
INDEX TO EXHIBITS
Exhibit No. Exhibit
----------- -------
(1) Joint Filing Agreement, dated February 7, 1994, between
The Goldman Sachs Group, L.P., and Goldman, Sachs & Co.
(2) Item 7 Information
(Page 7 of 9 Pages)
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EXHIBIT (1)
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) promulgated under the Securities
Exchange Act of 1934, the undersigned agree to the joint filing of a Statement
on Schedule 13G (including any and all amendments thereto) with respect to the
shares of Class C Common Stock of B-E Holdings, Inc., and further agree to the
filing of this agreement as an Exhibit and thereto. In addition, each party to
this Agreement expressly authorizes each other party to this Agreement to file
on its behalf any and all amendments to such Statement on Schedule 13G.
Date: February 7, 1994
THE GOLDMAN SACHS GROUP, L.P. GOLDMAN, SACHS & CO.
By: /s/ Richard A. Friedman By: /s/ Richard A. Friedman
----------------------- -----------------------
Name: Richard A. Friedman Name: Richard A. Friedman
Title: General Partner Title: General Partner
(Page 8 of 9 Pages)
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EXHIBIT (2)
ITEM 7 INFORMATION
Goldman, Sachs & Co. is a broker or dealer registered under Section 15
of the Act and an investment advisor registered under Section 203 of the
Investment Advisors Act of 1940.
(Page 9 of 9 Pages)
