SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 10)*
AVONDALE INDUSTRIES, INC.
(Name of Issuer)
Common Stock, $1.00 par value
(Title of Class of Securities)
054350-10-3
(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 the disclosures provided in a prior cover page.
The information required in 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).
<PAGE>
CUSIP No. 054350-10-3
1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Administrative Committee of the Avondale Industries, Inc.
Employee Stock Ownership Plan
I.R.S. Identification No. 72-109829P
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) _____
(b) _____
Not Applicable
3) SEC Use only
4) Citizenship or Place of Organization - Louisiana
Number of 5) Sole Voting Power 15,114
Shares
Bene-
ficially
Owned by 6) Shared Voting Power N/A
Each
Reporting
Person
With 7) Sole Dispositive Power 1,706,515
8) Shared Dispositive Power N/A
9) Aggregate Amount Beneficially Owned by Each
Reporting Person 1,706,515
10) Check if the Aggregate Amount in Row (9)
Excludes Certain Shares (See Instructions) N/A
11) Percent of Class Represented by Amount
in Row 9 12.8%
12) Type of Reporting Person (See Instructions) EP
<PAGE>
Item 1(a). Name of Issuer:
Avondale Industries, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
5100 River Road
Avondale, Louisiana 70094
Item 2(a). Name of Person Filing:
Administrative Committee of Avondale
Industries, Inc. Employee Stock Ownership
Plan
Item 2(b). Address of Principal Business Office:
5100 River Road
Avondale, Louisiana 70094
Item 2(c). Citizenship:
Louisiana
Item 2(d). Title of Class of Securities:
Common Stock, $1.00 par value per share
Item 2(e). CUSIP Number:
054350-10-3
Item 3. Statement Filed Pursuant to Rules 13d-1(b) or 13d-2(b):
Not Applicable
Item 4. Ownership:
(a) Amount Beneficially Owned 1,706,515
(b) Percent of class 12.8%
<PAGE>
(c) Number of shares as to which such person has:
(i) sole power to vote or to
direct the vote 15,114
(ii) shared power to vote or to
direct the vote N/A
(iii) sole power to dispose or to
direct the disposition of 1,706,515
(iv) shared power to dispose or to
direct the disposition of N/A
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:
Dividends paid on shares allocated to the accounts of
participants in the Avondale Industries, Inc. Employee Stock
Ownership Plan are credited to those accounts or paid directly to
participants in the discretion of the Administrative Committee.
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 we certify that, to the best of our
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.
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true,
complete and correct as of December 31, 1998.
ADMINISTRATIVE COMMITTEE OF
AVONDALE INDUSTRIES, INC.
EMPLOYEE STOCK OWNERSHIP PLAN
FEBRUARY 12, 1999
DATE
/S/ R. DEAN CHURCH
R. Dean Church, Chairman
/S/ BLANCHE BARLOTTA
Blanche Barlotta, Member
/S/ RODNEY J. DUHON, JR.
Rodney J. Duhon, Jr., Member
/S/ ERNEST F. GRIFFIN, JR.
Ernest F. Griffin, Jr., Member
/S/ EUGENE E. BLANCHARD, JR.
Eugene E. Blanchard, Jr., Member
