SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Original Filing)*
Rhodes, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class and Securities)
76235P101
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(CUSIP Number of Class of Securities)
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).
* 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 page.
The information required in the remainder of this cover page shall
not be deemed to by "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).
SEC 1745 (10-88)
(Continued on following page(s))
CUSIP No. 76235P101 13G
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(1) NAMES OF REPORTING PERSONS
Southeastern Asset Management, Inc. I.D. No. 62-0951781
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a)
(b) X
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Tennessee
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:(5) SOLE VOTING POWER
: (Discretionary Accounts)
NUMBER OF SHARES BENEFICIALLY : 410,300 shares
OWNED BY EACH REPORTING PERSON --------------------------------
WITH :(6) SHARED OR NO VOTING POWER
Shared - 574,600 shares
: No Vote - 22,000 shares
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:(7) SOLE DISPOSITIVE POWER
: (Discretionary Accounts)
: 432,300 shares
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:(8) SHARED OR NO DISPOSITIVE
POWER
Shared - 574,600 shares
:
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
(Discretionary & Non-discretionary Accounts)
1,006,900 shares
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES
CERTAIN SHARES
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.9 %
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(12) TYPE OF REPORTING PERSON
IA
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CUSIP No. 76235P101 13G
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(1) NAMES OF REPORTING PERSONS
Longleaf Partners Small-Cap Fund I.D. No. 62-1376170
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a)
(b) X
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts business trust
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:(5) SOLE VOTING POWER
: (Discretionary Accounts)
NUMBER OF SHARES BENEFICIALLY : None
OWNED BY EACH REPORTING PERSON --------------------------------
WITH :(6) SHARED VOTING POWER
: 574,600 shares
--------------------------------
:(7) SOLE DISPOSITIVE POWER
: (Discretionary Accounts)
: None
--------------------------------
:(8) SHARED DISPOSITIVE POWER
: 574,600 shares
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
574,600 shares
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES
CERTAIN SHARES
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.2 %
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(12) TYPE OF REPORTING PERSON
IV
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CUSIP No. 76235P101 13G
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(1) NAMES OF REPORTING PERSONS
O. Mason Hawkins I.D. No. ###-##-####
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a)
(b) X
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Citizen of United States
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:(5) SOLE VOTING POWER
: (Discretionary Accounts)
NUMBER OF SHARES BENEFICIALLY : None
OWNED BY EACH REPORTING PERSON --------------------------------
WITH :(6) SHARED VOTING POWER
: None
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:(7) SOLE DISPOSITIVE POWER
: None
--------------------------------
:(8) SHARED DISPOSITIVE POWER
: None
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None (See Item 3 )
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES
CERTAIN SHARES
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
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(12) TYPE OF REPORTING PERSON
IN
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Item 1.
(a). Name of Issuer: Rhodes, Inc. ("Issuer")
(b). Address of Issuer's Principal Executive Offices:
4370 Peachtree Road, N.E.
Atlanta, GA. 30319
Item 2.
(a) and (b). Names and Principal Business Addresses of Persons
Filing:
(1). Southeastern Asset Management, Inc.
6075 Poplar Avenue, Suite 900
Memphis, TN 38119
(2). Longleaf Partners Small-Cap Fund
6075 Poplar Avenue, Suite 900
Memphis, TN 38119
(3). Mr. O. Mason Hawkins
Chairman of the Board and C.E.O.
Southeastern Asset Management, Inc.
6075 Poplar Avenue, Suite 900
Memphis, TN 38119
(c). Citizenship:
Southeastern Asset Management, Inc. - A Tennessee
corporation
Longleaf Partners Small-Cap Fund, a series of Longleaf
Partners Funds Trust, a Massachusetts business trust
Mr. O. Mason Hawkins - U.S. Citizen
(d). Title of Class of Securities: Common Stock (the
"Securities").
(e). Cusip Number: 76235P101
Item 3. If this statement is filed pursuant to Rules 13d-1 (b) or
13d-2 (b), check whether the person filing is a:
(d). Investment Company registered under Sec. 8 of the
Investment Company Act of 1940 - Longleaf Partners Small-
Cap Fund, a series of Longleaf Partners Funds Trust.
(e). Investment Advisor registered under Section 203 of the
Investment Advisers Act of 1940. This statement is being
filed by Southeastern Asset Management, Inc. as a
registered investment adviser. All of the securities
covered by this report are owned legally by
Southeastern's investment advisory clients and none are
owned directly or indirectly by Southeastern. As
permitted by Rule 13d-4, the filing of this statement
shall not be construed as an admission that Southeastern
Asset Management, Inc. is the beneficial owner of any of
the securities covered by this statement.
(g). Parent Holding Company. This statement is also being
filed by Mr. O. Mason Hawkins, Chairman of the Board and
C.E.O. of Southeastern Asset Management, Inc. in the
event he could be deemed to be a controlling person of
that firm as the result of his official positions with or
ownership of its voting securities. The existence of such
control is expressly disclaimed. Mr. Hawkins does not
own directly or indirectly any securities covered by this
statement for his own account. As permitted by Rule 13d-
4, the filing of this statement shall not be construed as
an admission that Mr. Hawkins is the beneficial owner of
any of the securities covered by this statement.
Item 4. Ownership:
(a). Amount Beneficially Owned:
1,006,900 shares
(b). Percent of Class: 10.9 %
Above percentage is based on 9,272,853 shares of Common
Stock outstanding at September 30, 1995, as reported in
the Issuer's Form 10Q for that quarter.
(c). Number of shares as to which such person has:
(i). sole power to vote or to direct the vote:
410,300 shares
(ii). shared or no power to vote or to direct the vote:
Shared Power to Vote - 574,600 shares. Securities
owned by Longleaf Partners Small-Cap Fund, a
series of Longleaf Partners Funds Trust, an open-
end management investment company registered under
the Investment Company Act of 1940.
No power to vote; 22,000 shares
(iii). sole power to dispose or to direct the disposition
of:
432,300 shares
(iv). shared power or no power to dispose or to direct
the disposition of:
Shared: 574,600 shares. Securities owned by
Longleaf Partners Small-Cap Fund, a series of
Longleaf Partners Funds Trust, an open-end
management investment company registered under the
Investment Company Act of 1940.
Item 5. Ownership of Five Percent or Less of a Class: N/A
Item 6. Ownership of More Than Five Percent on Behalf of Another
Person: N/A
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent
Holding Company: N/A
Item 8. Identification and Classification of Members of the Group:
N/A
Item 9. Notice of Dissolution of Group: N/A
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
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.
Signatures
After reasonable inquiry and to the best of the knowledge and
belief of the undersigned, the undersigned certifies that the
information set forth in this statement is true, complete, and
correct.
Dated: February 5, 1996
Southeastern Asset
Management, Inc. Longleaf Partners Small-Cap Fund
/s/ Charles D. Reaves /s/ Charles D. Reaves
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Charles D. Reaves Charles D. Reaves
Vice President and Executive Vice President
General Counsel
O. Mason Hawkins, Individually
/s/ O. Mason Hawkins
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Joint Filing Agreement
In accordance with Rule 13d-1(f) under the Securities Exchange Act
of 1934, the persons or entities named below agree to the joint
filing on behalf of each of them of this Schedule 13G with respect
to the Securities of the Issuer and further agree that this joint
filing agreement be included as an exhibit to this Schedule 13G. In
evidence thereof, the undersigned hereby execute this Agreement as
of the 5th day of February, 1996.
Southeastern Asset
Management, Inc. Longleaf Partners Small-Cap Fund
/s/ Charles D. Reaves /s/ Charles D. Reaves
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Charles D. Reaves Charles D. Reaves
Vice President and Executive Vice President
General Counsel
O. Mason Hawkins, Individually
/s/ O. Mason Hawkins
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