SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Golden Star Resources LTD
(Name of Issuer)
Common Stock
(Title of Class of Securities)
38119T-10-4
(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.)
*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).
(Continued on following pages(s))
<PAGE>
SCHEDULE 13G
CUSIP NO. 38119T-10-4
- --------------------------------------------------------------------------------
1) Name of Reporting Person Smith Barney Mutual Funds Management Inc.
S.S. or I.R.S Identification 13-2616913
No. of Above Person
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
if a Member of a Group ----------------------------
(See Instructions) (b)
----------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization Delaware
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 215,000
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 215,000
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 215,000
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 Less than 1%
- --------------------------------------------------------------------------------
12) Type of Reporting Person IA
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
CUSIP NO. 38119T-10-4
- ----------------------------------------------------------------------------
1) Name of Reporting Person Smith Barney Inc.
S.S. or I.R.S Identification 13-1912900
No. of Above Person
- ----------------------------------------------------------------------------
2) Check the Appropriate Box (a)
if a Member of a Group --------------------------
(See Instructions) (b)
---------------------------
- -----------------------------------------------------------------------------
3) SEC Use Only
- ----------------------------------------------------------------------------
4) Citizenship or Place of Organization Delaware
- ----------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 595,400
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 595,400
- ----------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 595,400
- ----------------------------------------------------------------------------
10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
- ----------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 2.4%
- ----------------------------------------------------------------------------
12) Type of Reporting Person BD
(See Instructions)
- ----------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
CUSIP NO. 38119T-10-4
- ----------------------------------------------------------------------------
1) Name of Reporting Person Smith Barney Holdings Inc.
S.S. or I.R.S Identification 06-1274088
No. of Above Person
- ----------------------------------------------------------------------------
2) Check the Appropriate Box (a)
if a Member of a Group --------------------------
(See Instructions) (b)
---------------------------
- -----------------------------------------------------------------------------
3) SEC Use Only
- ----------------------------------------------------------------------------
4) Citizenship or Place of Organization Delaware
- ----------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 810,400
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 810,400
- ----------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 810,400
- ----------------------------------------------------------------------------
10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
- ----------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 3.2%
- ----------------------------------------------------------------------------
12) Type of Reporting Person CO
(See Instructions)
- ----------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
CUSIP NO. 38119T-10-4
- ----------------------------------------------------------------------------
1) Name of Reporting Person Travelers Group Inc.
S.S. or I.R.S Identification 52-1568099
No. of Above Person
- ----------------------------------------------------------------------------
2) Check the Appropriate Box (a)
if a Member of a Group --------------------------
(See Instructions) (b)
--------------------------
- ----------------------------------------------------------------------------
3) SEC Use Only
- ----------------------------------------------------------------------------
4) Citizenship or Place of Organization Delaware
- -----------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially Owned (6) Shared Voting Power 895,400
by Each Reporting (7) Sole Dispositive Power 0
Person with (8) Shared Dispositive Power 895,400
- -----------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 895,400
- -----------------------------------------------------------------------------
10) Check if the Aggregate Amount
in Row 9 Excludes Certain
Shares (See Instructions)
- ----------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 3.6%
- ----------------------------------------------------------------------------
12) Type of Reporting Person HC
(See Instructions)
- ----------------------------------------------------------------------------
<PAGE>
Item 1(a) Name of Issuer:
Golden Star Resources Ltd.
Item 1(b) Address of Issuer's Principal Executive Offices:
One N.W. Center, 1700 Lincoln Street
Suite 1950
Denver, CO 80203
Item 2(a) Names of Persons Filing:
Smith Barney Mutual Funds Management Inc. ("MFM")
Smith Barney Inc. ("SBI")
Smith Barney Holdings Inc. ("SB Holdings")
Travelers Group Inc. ("TRV")
Item 2(b) Address of Principal Business Office or, if none, Residence:
The address of the principal business office of each of MFM, SBI, SB
Holdings and TRV is:
388 Greenwich Street
New York, NY 10013
Item 2(c) Citizenship:
MFM, SBI, SB Holdings and TRV are Delaware corporations.
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
38119T-10-4
<PAGE>
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 Sec. 15 of the Act
(b) [ ] Bank as defined in Sec. 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in Sec. 3(a)(19) of the
Act
(d) [ ] Investment Company registered under Sec. 8 of the
Investment Company Act
(e) [ X ] Investment Adviser registered under Sec. 203 of the
Investment Advisers Act of 1940
(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
Sec. 240.13d-1(b)(1)(ii)(F)
(g) [ X ] Parent Holding Company, in accordance with Sec.
240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) [ ] Group, in accordance with Sec. 240.13d-1(b)(1)(ii)(H)
Item 4. Ownership (as of August 31, 1996)
(a) Amount Beneficially Owned: See Item 9 of cover pages
(b) Percent of Class: See Item 11 of cover pages
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
(ii) shared power to vote or to direct the vote
(iii) sole power to dispose or to direct the disposition of
(iv) shared power to dispose or to direct the disposition of
See Items 5-8 of cover pages
<PAGE>
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.
[X]
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
SB Holdings is the sole stockholder of MFM and of SBI, and TRV is the
sole stockholder of SB Holdings.
Item 8. Identification and Classification of Members of the Group
Not Applicable.
Item 9. Notice of Dissolution of Group
Not Applicable.
<PAGE>
Item 10. Certification
By signing below I certify that, to the best of my knowledge, 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 my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
Date: September 6, 1996
SMITH BARNEY MUTUAL FUNDS MANAGEMENT INC.
By: /s/ Christina T. Sydor
---------------------------
Name: Christina T. Sydor
Title: Secretary
SMITH BARNEY INC.
By: /s/ Howard M. Darmstadter
---------------------------
Name: Howard M. Darmstadter
Title: Assistant Secretary
SMITH BARNEY HOLDINGS INC.
By: /s/ Howard M. Darmstadter
---------------------------
Name: Howard M. Darmstadter
Title: Assistant Secretary
TRAVELERS GROUP INC.
By: /s/ Charles J. Gallo, Jr.
---------------------------
Name: Charles J. Gallo, Jr.
Title: Assistant Controller
<PAGE>
EXHIBIT INDEX TO SCHEDULE 13G
-----------------------------
EXHIBIT 1
- ---------
Agreement among MFM, SBI, SB Holdings
and TRV as to joint filing of
Schedule 13G
EXHIBIT 2
- ---------
Disclaimer of beneficial ownership by
SB Holdings and TRV
EXHIBIT 1
---------
AGREEMENT AS TO JOINT FILING OF SCHEDULE 13G
--------------------------------------------
Each of the undersigned hereby affirms that it is individually eligible to
use Schedule 13G, and agrees that this Schedule 13G is filed on its behalf.
Date: September 6, 1996
SMITH BARNEY MUTUAL FUNDS MANAGEMENT INC.
By: /s/ Christina T. Sydor
---------------------------
Name: Christina T. Sydor
Title: Secretary
SMITH BARNEY INC.
By: /s/ Howard M. Darmstadter
---------------------------
Name: Howard M. Darmstadter
Title: Assistant Secretary
SMITH BARNEY HOLDINGS INC.
By: /s/ Howard M. Darmstadter
---------------------------
Name: Howard M. Darmstadter
Title: Assistant Secretary
TRAVELERS GROUP INC.
By: /s/ Charles J. Gallo, Jr.
---------------------------
Name: Charles J. Gallo, Jr.
Title: Assistant Controller
EXHIBIT 2
---------
DISCLAIMER OF BENEFICIAL OWNERSHIP
----------------------------------
Each of the undersigned disclaims beneficial ownership of the securities
referred to in the Schedule 13G to which this exhibit is attached, and the
filing of this Schedule 13G shall not be construed as an admission that any
of the undersigned is, for the purpose of Section 13(d) or 13(g) of the
Securities Exchange Act of 1934, as amended, the beneficial owner of any
securities covered by this Schedule 13G.
Date: September 6, 1996
SMITH BARNEY HOLDINGS INC.
By: /s/ Howard M. Darmstadter
---------------------------
Name: Howard M. Darmstadter
Title: Assistant Secretary
TRAVELERS GROUP INC.
By: /s/ Charles J. Gallo, Jr.
---------------------------
Name: Charles J. Gallo, Jr.
Title: Assistant Controller
