SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULES 13d-1(b), (c) AND (d) AND
AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)
SMITH CORONA CORPORATION
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(Name of Issuer)
Warrants to Purchase Common Stock
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(Title of Class of Securities)
831858113
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(CUSIP Number)
August 13, 1998
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(Date of Event which Requires
Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
(Continued on following pages)
(Page 1 of 5 Pages)
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CUSIP NO. 831858113 SCHEDULE 13G Page 2 of 5
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1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Credit Research & Trading LLC
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |_|
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
- ---------------------------- ---------- =======================================
5. SOLE VOTING POWER
514,894
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NUMBER OF SHARES 6. SHARED VOTING POWER
BENEFICIALLY OWNED BY
0
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EACH REPORTING PERSON WITH 7. SOLE DISPOSITIVE POWER
514,894
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8. SHARED DISPOSITIVE POWER
0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
514,894
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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)
15.14%
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12. TYPE OF REPORTING PERSON
BD
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Smith Corona Corporation ------------
Schedule 13G Page 3 of 5
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Item 1(a). Name of Issuer:
Smith Corona Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
839 NYS Route 13 South, Cortland, New York 13045
Item 2(a). Name of Person Filing:
Credit Research & Trading LLC
Item 2(b). Address of Principal Business Office or, if None, Residence:
One Fawcett Place, Third Floor, Greenwich, Connecticut 06830
Item 2(c). Citizenship:
Connecticut
Item 2(d). Title of Class of Securities:
Warrants to Purchase Common Stock
Item 2(e). CUSIP Number:
831858113
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b)
or (c):
(a) Person filing is a broker or dealer registered under
Section 15 of the Exchange Act.
Item 4. Ownership.
(a) Amount beneficially owned: 514,894
(b) Percent of class: 15.14%
(c) (i)-(iv) Credit Research & Trading LLC has sole power to
vote or to direct the vote and to dispose or to direct
the disposition of all 514,894 shares.
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable.
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Smith Corona Corporation ------------
Schedule 13G Page 4 of 5
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Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
Not Applicable.
Item 8. Identification and Classification of Members of the Group.
Not Applicable.
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired and are held in the ordinary
course of business and were not acquired and are not held for the purpose of or
with the effect of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
<PAGE>
Smith Corona Corporation ------------
Schedule 13G Page 5 of 5
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SIGNATURE
After reasonable inquiry and to the best knowledge and belief of
Credit Research & Trading LLC, Credit Research & Trading LLC certifies that the
information set forth in this statement is true, complete and correct.
CREDIT RESEARCH & TRADING LLC
Dated: September 9, 1998 By: /s/ J. Christopher Young
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J. Christopher Young
Managing Member
