BAUPOST GROUP INC
SC 13G/A, 1997-02-14
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February 14, 1997

Securities and Exchange Commission
Securities Filing Department
450 Fifth Street, NW
Washington, DC 20549

Re: Mississippi View Holding Company


Dear Sir or Madame:

     Enclosed for filing under Rule 13d-1 under the  Securities  Exchange Act of
1934 is our final  Schedule 13G filed on behalf of a group of  Mississippi  View
Holding Company stockholders.  

     Under cover of this letter,  copies of this filing are also being sent (via
Federal Express) to Mississippi View Holding Company and the principal  exchange
upon which this security is traded.

Sincerely,

THE BAUPOST GROUP, INC.

By:       SETH A. KLARMAN
Title:    President


SETH A. KLARMAN

By:       SETH A. KLARMAN



cc:  Mississippi View Holding Company
     NASDAQ




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                           UNITED STATES OMB APPROVAL
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549



                                  SCHEDULE 13G

                   Under the Securities Exchange Act of 1934
                                (AMENDMENT NO. 1)


                        Mississippi View Holding Company
                    35 East Broadway, Little Falls, MN 56345
                                (Name of Issuer)

                          Common Stock, par value $0.10
                         (Title of Class of Securities)

                                   605785104
                                 (CUSIP Number)

     Check the here if a fee is being paid with this statement:  . (A fee is not
required 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).




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*******************************************************************************
1.   NAME OF REPORTING PERSON, S.S. OR I.R.S. IDENTIFICATION NO.OF ABOVE PERSON

     The Baupost Group, Inc., 04-2752581

2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *

     (a) X
     (b)

3.   SEC USE ONLY


4.   CITIZENSHIP OR PLACE OF ORGANIZATION

     The Commonwealth of Massachusetts

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON:

5.   WITH SOLE VOTING POWER

     0

6.   WITH SHARED VOTING POWER

     0

7.   WITH SOLE DISPOSITIVE POWER

     0

8.   WITH SHARED DISPOSITIVE POWER

     0

9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     0

10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *


11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     0.00%

12.  TYPE OF REPORTING PERSON *

     IA



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<PAGE>

*******************************************************************************

1.   NAME OF REPORTING PERSON, S.S.OR I.R.S. IDENTIFICATION NO.OF ABOVE PERSON

     Seth A. Klarman, ###-##-####

2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *

     (a) X
     (b)

3.   SEC USE ONLY


4.   CITIZENSHIP OR PLACE OF ORGANIZATION

     United States of America

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON:

5.   WITH SOLE VOTING POWER

     0

6.   WITH SHARED VOTING POWER

     0

7.   WITH SOLE DISPOSITIVE POWER

     0

8.   WITH SHARED DISPOSITIVE POWER

     0

9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     0

10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *



11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     0.00%

12.  TYPE OF REPORTING PERSON *

     HC
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*******************************************************************************

Item 1 (a) Name of Issuer:

     Mississippi View Holding Company

1(b) Address of Issuer's Principal Executive Offices:

     35 East Broadway, Little Falls, MN  56345


Item 2 (a) Name of Person Filing:

(1)  The Baupost Group, Inc.
(2)  Seth A. Klarman

2(b) Address of Principal Business Offices or, if none, Residence:

(1)  The Baupost Group, Inc.
     44 Brattle Street, 2nd Floor
     Cambridge, Massachusetts 02138

(2)  Seth A. Klarman
     44 Brattle Street, 2nd Floor
     Cambridge, Massachusetts 02138

2(c) Citizenship:

(1)  The Commonwealth of Massachusetts
(2)  United States of America

2(d) Title of Class of Securities:

     Common Stock, par value $0.10


2(e) CUSIP Number:

     605785104


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Item 3 If this statement is filed  pursuant to Rule 13d-1(b) or 13d-2(b),  check
whether the person filing is a:

(a)  [ ]Broker or Dealer registered under Section
     15 of the Act.

(b)  [ ]Bank as defined in Section 3(a)(6) of the Act.

(c)  [ ]Insurance Company as defined in Section 3(a)(19)
     of the Act.

(d)  [ ]Investment  Company registered under Section 8 of the Investment Company
     Act.

(e)  [X]Investment  Advisor  registered  under  Section  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 240.13D-1(b)(1)(ii)(F).

(g)  [X]Parent Holding Company, in accordance with
     240.13D-1(b)(ii)(G) (Note: See Item 7).

(h)  [X]Group, in accordance with
     240.13d-1(b)(1)(ii)(H).

Item 4 Ownership:

     If the percent of the class owned, as of December 31 of the year covered by
     the  statement,  or as of the  last  day of any  month  described  in  Rule
     13d-1(b)(2),  if  applicable,  exceeds five percent,  provide the following
     information  as of that date and  identify  those  shares  which there is a
     right to acquire.

(a)  Amount Beneficially Owned: (as of February 14, 1997)

     (1)  By The Baupost Group, Inc: 0

     (2)  Seth A. Klarman: 0

     (3)  By the group in the aggregate: 0



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(b)  Percent of Class:

     (1)  By The Baupost Group, Inc: 0.00%

     (2)  Seth A. Klarman: 0.00%

     (3)  By the group in the aggregate: 0.00%

(C) Number of shares as to which such person has:

(i)  sole power to vote or to direct the vote

     --- 0

(ii) shared power to vote or to direct the vote

     (1)  By The Baupost Group, Inc.  0

     (2)  Seth A. Klarman: 0

     (3)  By the group in the aggregate: 0

(i)  sole power to dispose or to direct the disposition of

     --- 0

(ii) shared power to dispose or to direct the disposition of


     (1)  By The Baupost Group, Inc.:  0

     (2)  Seth A. Klarman: 0

     (3)  By the group in the aggregate: 0


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].

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<PAGE>

Item 6 Ownership of More than Five Percent on behalf of Another Person:

     The  Baupost  Group,  Inc.  is a  registered  investment  adviser.  Seth A.
     Klarman,  as the  controlling  person of Baupost Group,  Inc., is deemed to
     have   beneficial   ownership   under  Section  13(d)  of  the   securities
     beneficially  owned by Baupost  Group,  Inc.  Securities  reported  on this
     Schedule 13G as being beneficially owned by the Baupost Group, Inc. include
     securities  purchased  on  behalf  of  their  clients,   which  include  an
     investment  company registered under the Investment Company Act of 1940 and
     various limited partnerships. No persons other than the persons filing this
     Schedule 13G have an economic interest in the securities  reported on which
     relates to more than 5 percent of the class of securities.

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:

     This schedule has been filed pursuant to Rule 13d-1(b) (1)(ii)(H).  Exhibit
     A hereto sets forth the identity and Item 3  classification  of each member
     of the group.

Item 9 Notice of Dissolution of Group:

     N/A

Item 10 Certification:

     By  signing  below  the  undersigned  certifies  that,  to the  best of its
     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 purpose or effect.





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<PAGE>
Signature

After  reasonable  inquiry  and to the best of its  knowledge  and  belief,  the
undersigned  certifies that the information set forth in this statement is true,
complete and correct.

February 14, 1997
Date

THE BAUPOST GROUP, INC.

By:       SETH A. KLARMAN
Title:    President

SETH A. KLARMAN

By:     SETH A. KLARMAN

EXHIBIT A

Item 3
Member of Group Classification

     (1) The Baupost Group, Inc. IA

     (2) Seth A. Klarman HC

EXHIBIT B

Agreement

The undersigned  hereby agree that the Schedule 13G of which this Exhibit B is a
part is filed on behalf of each of the undersigned.

February 14, 1997
Date

THE BAUPOST GROUP, INC.

By:       SETH A. KLARMAN
Title:    President

SETH A. KLARMAN

By:       SETH A. KLARMAN
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