SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
AMENDMENT NO. 1
Under the Securities Exchange Act of 1934
Rhodes, Inc.
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(Name of Issuer)
Common Stock
(No Par Value)
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(Title of Class and Securities)
76235P101
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(CUSIP Number of Class of Securities)
O. Mason Hawkins
Chairman of the Board and C.E.O.
and
Charles D. Reaves
Vice President & General Counsel
Southeastern Asset Management, Inc.
6075 Poplar Avenue; Suite 900
Memphis, TN 38119
_______________________(901)_761-2474______________________
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
January 2, 1997
----------------------------
(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
Statement and is filing this Schedule because of Rule 13d-1(b)(3)
or (4), check the following box: [ ]
CUSIP No. 76235P101 13D
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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
- -------------------------------------------------------------------
(4) SOURCE OF FUNDS
OO: Funds of investment advisory clients
- -------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Tennessee
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:(7) SOLE VOTING POWER
: (Discretionary Accounts)
NUMBER OF SHARES BENEFICIALLY : None
OWNED BY EACH REPORTING PERSON --------------------------------
WITH :(8) SHARED OR NO VOTING POWER
(Includes Non-Discretionary)
: None
--------------------------------
:(9) SOLE DISPOSITIVE POWER
: (Discretionary Accounts)
: None
--------------------------------
:(10) SHARED DISPOSITIVE POWER
: None
- -------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
(Discretionary & Non-discretionary Accounts)
None
- -------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES
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(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.0%
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(14) TYPE OF REPORTING PERSON
IA
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CUSIP No. 76235P101 13D
- -------------------------------------------------------------------
(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
- -------------------------------------------------------------------
(3) SEC USE ONLY
- -------------------------------------------------------------------
(4) SOURCE OF FUNDS
OO: Funds of investment advisory clients
- -------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
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:(7) SOLE VOTING POWER
: (Discretionary Accounts)
NUMBER OF SHARES BENEFICIALLY : None
OWNED BY EACH REPORTING PERSON --------------------------------
WITH :(8) SHARED OR NO VOTING POWER
: None
--------------------------------
:(9) SOLE DISPOSITIVE POWER
: (Discretionary Accounts)
: None
--------------------------------
:(10) SHARED DISPOSITIVE POWER
: None
- -------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
(Discretionary & Non-discretionary Accounts)
None
- -------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES
- -------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.0%
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(14) TYPE OF REPORTING PERSON
IV
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CUSIP No. 76235P101 13D
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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) SOURCE OF FUNDS
OO: None
- -------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Citizen of United States
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:(7) SOLE VOTING POWER
: (Discretionary Accounts)
NUMBER OF SHARES BENEFICIALLY : None
OWNED BY EACH REPORTING PERSON --------------------------------
WITH :(8) SHARED VOTING POWER
: None
--------------------------------
:(9) SOLE DISPOSITIVE POWER
: None
--------------------------------
:(10) SHARED DISPOSITIVE POWER
: None
- -------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None (See Item 2 )
- -------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES
- -------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.0%
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(14) TYPE OF REPORTING PERSON
IN
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Purpose of Amendment No. 1
This Amendment No. 1 to the Schedule 13D of Southeastern Asset
Management, Inc. ("Southeastern") relating to the common stock (the
"Securities") of Rhodes, Inc. (the "Issuer"), is being filed to
amend and restate the information contained in the original filing
with respect to the percentage of ownership of the outstanding
Securities of the Issuer attributed to Southeastern, as disclosed
in Items 7 through 13 of the cover pages and in Item 5(a) of the
text on behalf of Southeastern's clients.
Item 5(a) is hereby restated as follows:
Item 5. Interest in Securities of the Issuer.
(a). As of January 2, 1997, all of the Securities previously
acquired on behalf of Southeastern's clients and attributed to
Southeastern for reporting purposes have been exchanged for
securities of Heilig-Meyers Co. pursuant to a merger agreement
under which each shareholder of the Issuer received one share of
Heilig-Meyers Co. for each two shares of the Securities of the
Issuer which were owned. As a result, the clients of Southeastern
no longer have an interest in the Issuer which is reportable on
Schedule 13D.
SIGNATURES
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.
Dated: January 8, 1997
SOUTHEASTERN ASSET LONGLEAF PARTNERS
MANAGEMENT, INC. SMALL-CAP FUND
By /s/ Charles D. Reaves By /s/ Charles D. Reaves
- -------------------------- -------------------------
Charles D. Reaves Charles D. Reaves
Vice President & General Executive Vice President
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 13D with respect
to the Common Stock of Rhodes, Inc., and further agree that this
joint filing agreement be included in this filing. In evidence
thereof, the undersigned hereby execute this Agreement on the 8th
day of January, 1997
SOUTHEASTERN ASSET LONGLEAF PARTNERS
MANAGEMENT, INC. SMALL-CAP FUND
By /s/ Charles D. Reaves By /s/ Charles D. Reaves
- -------------------------- -------------------------
Charles D. Reaves Charles D. Reaves
Vice President & General Exec. V. P.
Counsel
O. MASON HAWKINS
(Individually)
/s/ O. Mason Hawkins
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