SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
(Amendment No. 1)
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
---------------------------------
(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)
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SCHEDULE 13G
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CUSIP NO. 831858113 Page 2 of 4
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (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
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5. SOLE VOTING POWER
34,394
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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
34,394
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8. SHARED DISPOSITIVE POWER
0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
34,394
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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)
1.2%
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12. TYPE OF REPORTING PERSON
BD
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Smith Corona Corporation
Schedule 13G Page 3 of 4
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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, 3rd 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: 34,394
(b) Percent of class: 1.2%
(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 34,394 shares.
Item 5. Ownership of Five Percent or Less of a Class.
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.
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 4
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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.
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: October 2, 1998 By: /s/ J. Christopher Young
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J. Christopher Young
Managing Member
