ALL SEASONS GLOBAL FUND INC
SC 13D/A, 1995-10-19
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                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                 --------------

                                  SCHEDULE 13D

                    Under the Securities Exchange Act of 1934

                               (Amendment No. 1)1

                          ALL SEASONS GLOBAL FUND, INC.
- --------------------------------------------------------------------------------
                                (Name of issuer)

                          COMMON STOCK, $.01 PAR VALUE
- --------------------------------------------------------------------------------
                         (Title of class of securities)

                                   01663K-101
- --------------------------------------------------------------------------------
                                 (CUSIP number)

                             WARREN LICHTENSTEIN
                            Steel Partners II, L.P.
                              750 Lexington Avenue
                            New York, New York 10022
                                 (212) 446-5217
- --------------------------------------------------------------------------------
                  (Name, address and telephone number of person
                authorized to receive notices and communications)

                                 October 17, 1995
- --------------------------------------------------------------------------------
             (Date of event which requires filing of this statement)

         If the filing person has  previously  filed a statement on Schedule 13G
to report the  acquisition  which is the subject of this  Schedule  13D,  and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box
/ /.

         Check the  following box if a fee is being paid with the statement / /.
(A fee  is not  required  only  if the  reporting  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).

              Note. six copies of this statement, including all exhibits, should
be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies
are to be sent.

                         (Continued on following pages)

                              (Page 1 of 9 Pages)

- --------  

     1   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 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).

<PAGE>
================================================================================
     1         NAME OF REPORTING PERSONS
               S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

                             STEEL PARTNERS II, L.P.
- --------------------------------------------------------------------------------
     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*      (a)  | |

                                                                      (b)  | |
- --------------------------------------------------------------------------------
     3         SEC USE ONLY
- --------------------------------------------------------------------------------
     4         SOURCE OF FUNDS*

                        WC, PF
- --------------------------------------------------------------------------------
     5         CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
               PURSUANT TO ITEM 2(d) OR 2(e)                               | |
- --------------------------------------------------------------------------------
     6         CITIZENSHIP OR PLACE OF ORGANIZATION

                        DELAWARE
- --------------------------------------------------------------------------------
 NUMBER OF             7          SOLE VOTING POWER
   SHARES
BENEFICIALLY                               670,200
  OWNED BY     -----------------------------------------------------------------
    EACH               8          SHARED VOTING POWER
 REPORTING
PERSON WITH                                -0-
               -----------------------------------------------------------------
                       9          SOLE DISPOSITIVE POWER

                                           670,200
               -----------------------------------------------------------------
                      10          SHARED DISPOSITIVE POWER

                                           -0-
- --------------------------------------------------------------------------------
     11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
               PERSON

                           670,200
- --------------------------------------------------------------------------------
     12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
               CERTAIN SHARES*                                             | |
- --------------------------------------------------------------------------------
     13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                        7.9%
- --------------------------------------------------------------------------------
     14        TYPE OF REPORTING PERSON*

                        PN
================================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

<PAGE>


================================================================================
     1         NAME OF REPORTING PERSONS
               S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

                             STEEL PARTNERS SERVICES, LTD.
- --------------------------------------------------------------------------------
     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*      (a)  | |

                                                                      (b)  | |
- --------------------------------------------------------------------------------
     3         SEC USE ONLY
- --------------------------------------------------------------------------------
     4         SOURCE OF FUNDS*

                        OO
- --------------------------------------------------------------------------------
     5         CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
               PURSUANT TO ITEM 2(d) OR 2(e)                               | |
- --------------------------------------------------------------------------------
     6         CITIZENSHIP OR PLACE OF ORGANIZATION

                        NEW YORK
- --------------------------------------------------------------------------------
 NUMBER OF             7          SOLE VOTING POWER
   SHARES
BENEFICIALLY                               68,336(2)
  OWNED BY     -----------------------------------------------------------------
    EACH               8          SHARED VOTING POWER
 REPORTING
PERSON WITH                                -0-
               -----------------------------------------------------------------
                       9          SOLE DISPOSITIVE POWER

                                           68,336(2)
               -----------------------------------------------------------------
                      10          SHARED DISPOSITIVE POWER

                                           -0-
- --------------------------------------------------------------------------------
     11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
               PERSON

                        68,336(2)
- --------------------------------------------------------------------------------
     12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
               CERTAIN SHARES*                                             | |
- --------------------------------------------------------------------------------
     13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                        .8%
- --------------------------------------------------------------------------------
     14        TYPE OF REPORTING PERSON*

                        CO
================================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


- -------- 

     (2)  Represents  Shares  in a  securities  portfolio  owned  by  a  foreign
investment  company that is managed on a  discretionary  basis by Steel Partners
Services, Ltd.



<PAGE>

================================================================================
     1         NAME OF REPORTING PERSONS
               S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

                             WARREN LICHTENSTEIN
- --------------------------------------------------------------------------------
     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*      (a)  | |

                                                                      (b)  | |
- --------------------------------------------------------------------------------
     3         SEC USE ONLY
- --------------------------------------------------------------------------------
     4         SOURCE OF FUNDS*

                        OO
- --------------------------------------------------------------------------------
     5         CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
               PURSUANT TO ITEM 2(d) OR 2(e)                               | |
- --------------------------------------------------------------------------------
     6         CITIZENSHIP OR PLACE OF ORGANIZATION

                        USA
- --------------------------------------------------------------------------------
 NUMBER OF             7          SOLE VOTING POWER
   SHARES
BENEFICIALLY                               738,536(3)
  OWNED BY     -----------------------------------------------------------------
    EACH               8          SHARED VOTING POWER
 REPORTING
PERSON WITH                                -0-
               -----------------------------------------------------------------
                       9          SOLE DISPOSITIVE POWER

                                           738,536(3) 
               -----------------------------------------------------------------
                      10          SHARED DISPOSITIVE POWER

                                           -0-
- --------------------------------------------------------------------------------
     11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
               PERSON

                        738,536(3)
- --------------------------------------------------------------------------------
     12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
               CERTAIN SHARES*                                             | |
- --------------------------------------------------------------------------------
     13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                        8.7%
- --------------------------------------------------------------------------------
     14        TYPE OF REPORTING PERSON*

                        IN
================================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


- --------

      (3) Includes 670,200 Shares owned by Steel Partners II, L.P. and 68,336 
Shares managed by Steel Partners Services,  Ltd., entities controlled by Warren
G. Lichtenstein and Lawrence Butler.


<PAGE>

================================================================================
     1         NAME OF REPORTING PERSONS
               S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

                             LAWRENCE BUTLER
- --------------------------------------------------------------------------------
     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*      (a)  | |

                                                                      (b)  | |
- --------------------------------------------------------------------------------
     3         SEC USE ONLY
- --------------------------------------------------------------------------------
     4         SOURCE OF FUNDS*

                        OO
- --------------------------------------------------------------------------------
     5         CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
               PURSUANT TO ITEM 2(d) OR 2(e)                               | |
- --------------------------------------------------------------------------------
     6         CITIZENSHIP OR PLACE OF ORGANIZATION

                        USA
- --------------------------------------------------------------------------------
 NUMBER OF             7          SOLE VOTING POWER
   SHARES
BENEFICIALLY                               738,536(4)
  OWNED BY     -----------------------------------------------------------------
    EACH               8          SHARED VOTING POWER
 REPORTING
PERSON WITH                                -0-
               -----------------------------------------------------------------
                       9          SOLE DISPOSITIVE POWER

                                           738,536(4)
               -----------------------------------------------------------------
                      10          SHARED DISPOSITIVE POWER

                                           -0-
- --------------------------------------------------------------------------------
     11        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
               PERSON

                        738,536(4)
- --------------------------------------------------------------------------------
     12        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
               CERTAIN SHARES*                                             | |
- --------------------------------------------------------------------------------
     13        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                        8.7%
- --------------------------------------------------------------------------------
     14        TYPE OF REPORTING PERSON*

                        IN
================================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


- --------

      (4) Includes 670,200 Shares owned by Steel Partners II, L.P. and 68,336
Shares managed by Steel Partners Services,  Ltd., entities controlled by Warren
G. Lichtenstein and Lawrence Butler.
<PAGE>


         This  constitutes  Amendment No. 1 ("Amendment  No. 1") to Schedule 13D
filed by the undersigned on September 28, 1995 (the "Schedule  13D").  Except as
specifically  amended by this  Amendment  No. 1, the  Schedule  13D, as amended,
remains in full force and effect. Defined terms shall have the meaning specified
in the Schedule 13D, except as otherwise provided herein.

         Item 3 is amended to read in its entirety as follows:

Item 3.  Source and Amount of Funds or Other Consideration.

         The  aggregate  purchase  price of the 670,200  Shares of Common  Stock
owned by Steel  Partners II is  $2,609,174.  The Shares of Common Stock owned by
Steel Partners II were acquired with partnership funds.

         The  aggregate  purchase  price of the  68,336  Shares of Common  Stock
beneficially owned by Services is $283,810. Such Shares were acquired with funds
it  manages  for a foreign  investment  company  (the  "Fund").  Pursuant  to an
agreement  (the  "Management  Agreement")  with  the  Fund,  Services  has  been
appointed to manage,  on a  discretionary  basis,  certain of the Fund's assets,
which are  maintained in a brokerage  account in the Fund's name. The Management
Agreement may be terminated by either party at any time. Therefore,  pursuant to
Rule  13d-3(d)(1)(C),  the Fund may also be deemed the  beneficial  owner of the
Shares reported to be beneficially owned by Services.

         Paragraph (a) of item 5 is amended in its entirety to read as follows:

Item 5.  Interest in Securities of the Issuer.

         (a) The aggregate  percentage of Shares of Common Stock  reported owned
by each person named herein is based upon 8,492,557 Shares outstanding, which is
the  total  number of Shares of Common  Stock  outstanding  as  reported  in the
Company's Semi-annual Report for the six-months ended June 30, 1995.

As of the close of business on October 17, 1995:

         Steel  Partners II  beneficially  owns 670,200  Shares of Common Stock,
constituting   approximately   7.9%  of  the  Shares  outstanding  and  Services
beneficially  owns 68,336 Shares,  constituting  approximately .8% of the Shares
outstanding.   Collectively,   the   Reporting   Persons  own  738,536   Shares,
constituting approximately 8.7% of the Shares outstanding.  Mr. Lichtenstein and
Mr.  Butler may each be deemed to  beneficially  own all  shares  owned by Steel
Partners  II and  Services by virtue of their  authority  to vote and dispose of
such Shares. All of such Shares were acquired in open-market transactions.

<PAGE>

                                   SIGNATURES

         After  reasonable  inquiry and to the best of his knowledge and belief,
each of the  undersigned  certifies  that  the  information  set  forth  in this
statement is true, complete and correct.


Dated:   October 17, 1995                        STEEL PARTNERS II, L.P.

                                             By: Steel Partners Associates, L.P.
                                                 General Partner

                                             By: Steel Partners, Ltd.
                                                 General Partner


                                             By:/s/ Warren G. Lichtenstein
                                                ---------------------------
                                                    Warren G. Lichtenstein,
                                                    Chief Executive Officer

                                             STEEL PARTNERS SERVICES, LTD.

                                             By:/s/ Warren G. Lichtenstein
                                                ---------------------------
                                                    Warren G. Lichtenstein,
                                                    Chief Executive Officer


                                             /s/ Warren G. Lichtenstein
                                             ------------------------------
                                                 WARREN G. LICHTENSTEIN


                                             /s/ Lawrence Butler
                                             ------------------------------
                                                 LAWRENCE BUTLER


<PAGE>

                                   SCHEDULE A

               Transactions in the Shares Within the Past 60 Days


Shares of Common                  Price Per                     Date of
Stock Purchased                   Share                         Purchase
- ---------------                   -----                         --------

                             STEEL PARTNERS II, L.P.

      3,000                       $4.1250                       09/28/95
     12,500                        4.1550                       09/29/95
      2,500                        4.2800                       10/02/95
      4,000                        4.3000                       10/02/95
      6,100                        4.3425                       10/02/95
      1,700                        4.2800                       10/03/95
        500                        4.3200                       10/05/95
      3,500                        4.3425                       10/06/95
      5,100                        4.2900                       10/09/95
      9,860                        4.2800                       10/09/95
      7,395                        4.2800                       10/10/95
      8,245                        4.2800                       10/12/95
      5,000                        4.2800                       10/13/95
        600                        4.2175                       10/16/95
      9,500                        4.2175                       10/17/95
     30,000                        4.2800                       10/17/95


                          STEEL PARTNERS SERVICES, LTD.

      2,500                       $4.1550                       09/29/95
        500                        4.2800                       10/02/95
      1,000                        4.3000                       10/02/95
      1,400                        4.3425                       10/02/95
      1,500                        4.3425                       10/06/95
      1,500                        4.3600                       10/06/95
        900                        4.2900                       10/09/95
      1,740                        4.2800                       10/09/95
      1,305                        4.2800                       10/10/95
      1,455                        4.2800                       10/12/95
      2,500                        4.2175                       10/17/95
      7,000                        4.2800                       10/17/95


                               WARREN LICHTENSTEIN
                               -------------------
                                      None.


                                 LAWRENCE BUTLER
                                 ---------------
                                      None.



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