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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
VISX, Inc.
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(Name of Issuer)
Common
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(Title of Class of Securities)
92844S105
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(CUSIP Number)
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 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).
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CUSIP No. 92844S105 13G Page 2 of 5
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1 NAME OF REPORTING PERSONS.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Chancellor LGT Asset Management, Inc. (94-2259541) and Chancellor LGT Trust
Company (52-1576922), as Investment Advisers for various fiduciary accounts
and LGT Asset Management, Inc. (94-303766) as the holding company for
Chancellor LGT Asset Management, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) /X/
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Chancellor LGT Asset Management, Inc. - California
Chancellor LGT Trust Company - New York
LGT Asset Management, Inc. - California
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY - 2,125,700 - shares
OWNED BY ---------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
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7 SOLE DISPOSITIVE POWER
- 2,125,700 - shares
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8 SHARED DISPOSITIVE POWER
- 0 -
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 2,125,700 - shares
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.79%
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12 TYPE OF REPORTING PERSON*
HC, BK, IA
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CUSIP: 92844S105
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13G
ITEM 1. SECURITY AND ISSUER
(a) VISX, Inc. (the "Company")
(b) Address: 3400 Central Expressway
Santa Clara, CA 95051
ITEM 2. IDENTITY AND BACKGROUND
(a) This Schedule 13G is being filed by (i) Chancellor LGT Asset
Management, Inc., a California Corporation, whose principal business is
providing investment advisory services to registered investment companies and
institutional investors, (ii) its wholly owned subsidiary, Chancellor LGT
Trust Company, a New York State chartered trust company whose principal
business is providing institutional investment management services and (iii)
LGT Asset Management, Inc., the holding company for Chancellor LGT Asset
Management, Inc. Chancellor LGT Asset Management, Inc. is a wholly owned
subsidiary of LGT Asset Management, Inc. LGT Asset Management, Inc. is an
indirect wholly owned subsidiary of Liechtenstein Global Trust, AG.
Liechtenstein Global Trust, AG which has numerous worldwide affiliates is
controlled by The Prince of Liechtenstein Foundation, a parent organization
for the various business enterprises of the Princely Family of Liechtenstein.
(b) The address of the principal place of business of Chancellor LGT
Asset Management, Inc. and Chancellor LGT Trust Company is: 1166 Avenue of
the Americas, New York, New York 10036. The address of the principal place
of the holding company, LGT Asset Management, Inc. is 50 California Street,
San Francisco, CA 94111
(c) Chancellor LGT Asset Management, Inc. is a California Corporation.
Chancellor LGT Trust Company is a New York State chartered trust company.
LGT Asset Management, Inc. is a California Corporation
(d) Common Stock
(e) CUSIP Number 92844S105
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b) OR 13d-2(b), CHECK
WHETHER THE PERSON FILING IS A:
(h) X Group, in accordance with Rule 13d-1(b)(i)(ii)(H).
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ITEM 4. OWNERSHIP
(a) For the month ended December 31, 1996, the aggregate number of
shares of the Company's common stock beneficially owned by Chancellor LGT
Asset Management, Inc. and Chancellor LGT Trust Company, as investment
advisers for various fiduciary accounts and LGT Asset Management, Inc., as
the holding company is 2,125,700 shares.
(b) Percent of Class: 13.79% based upon 15,410,000 shares outstanding.
(c) Chancellor LGT Asset Management, Inc. and Chancellor LGT Trust
Company, as investment advisers for various fiduciary accounts, have sole
power to vote or to direct to vote, and sole power to dispose of or to direct
the disposition of, all of the shares reported in this statement. Chancellor
LGT Asset Management, Inc. is a wholly owned subsidiary of LGT Asset
Management, Inc. LGT Asset Management, Inc. is an indirect wholly owned
subsidiary of Liechtenstein Global Trust, AG. Liechtenstein Global Trust, AG
which has numerous worldwide affiliates is controlled by The Prince of
Liechtenstein Foundation, a parent organization for the various business
enterprises of the Princely Family of Liechtenstein.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS
Not applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Chancellor LGT Asset Management, Inc. and Chancellor LGT Trust Company
are investment advisers for various fiduciary accounts which are entitled to
receipt of dividends and to proceeds of the sale of the shares reported in
this Statement. The ownership interest of any such account does not relate
to more than five percent of the Common Stock.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITIES BEING REPORTED BY THE PARENT HOLDING COMPANY
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP
See attached Exhibit I
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
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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 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.
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: February 7, 1997
Signatures:
Chancellor LGT Asset Management, Inc.
as Investment Adviser
By:
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James R. Tufts, III
Chancellor LGT Trust Company
as Investment Adviser
By:
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James R. Tufts, III
LGT Asset Management, Inc.
as Holding Company
By:
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James R. Tufts, III
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EXHIBIT I
ITEM 3
(b) X Bank as defined in Section 3(a)(b) of the Act
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Chancellor LGT Trust Company
(c) X Investment Adviser registered under Section 203 of the Investment
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Advisers Act of 1940.
Chancellor LGT Asset Management, Inc.
