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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. __________)*
Giant Industries, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
374508109
(CUSIP Number)
December 31, 1998
(Date of Event Which Requires Filling 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)
*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).
CUSIP No. 374508109
1. Names of Reporting Persons. Nike Securities L.P.
I.R.S. Identification Nos. of above persons (entities
only). 36-3768815
2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a)
(b)
3. SEC Use Only
4. Citizenship or Place of Organization Illinois, U.S.A.
Number of 5. Sole Voting Power 0
Shares Bene-
ficially 6. Shared Voting Power 728,858
Owned by
Each
Reporting 7. Sole Dispositive Power 0
Person
With:
8. Shared Dispositive Power 728,858
9. Aggregate Amount Beneficially Owned by Each Reporting
Person 728,858
10. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions)
11. Percent of Class Represented by Amount in Row (11) 6.7%
12. Type of Reporting Person (See Instructions) BD
CUSIP No. 374508109
1. Names of Reporting Persons. First Trust Advisors L.P.
I.R.S. Identification Nos. of above persons (entities
only). 36-3788904
2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a)
(b)
3. SEC Use Only
4. Citizenship or Place of Organization Illinois, U.S.A.
Number of 5. Sole Voting Power0
Shares Bene-
ficially 6. Shared Voting Power 728,858
Owned by
Each
Reporting 7. Sole Dispositive Power 0
Person
With:
8. Shared Dispositive Power 728,858
9. Aggregate Amount Beneficially Owned by Each Reporting
Person 728,858
10. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions)
11. Percent of Class Represented by Amount in Row (11) 6.7%
12. Type of Reporting Person (See Instructions) IA
CUSIP No. 374508109
1. Names of Reporting Persons. Nike Securities Corporation
I.R.S. Identification Nos. of above persons (entities
only). 36-3772541
2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a)
(b)
3. SEC Use Only
4. Citizenship or Place of Organization Illinois, U.S.A.
Number of 5. Sole Voting Power 0
Shares Bene-
ficially 6. Shared Voting Power 728,858
Owned by
Each
Reporting 7. Sole Dispositive Power 0
Person
With:
8. Shared Dispositive Power 728,858
9. Aggregate Amount Beneficially Owned by Each Reporting
Person 728,858
10. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions)
11. Percent of Class Represented by Amount in Row (11) 6.7%
12. Type of Reporting Person (See Instructions) HC
Item 1.
(a) Name of Issuer - Giant Industries, Inc.
(b) Address of issuer's Principal Executive Offices
Giant Industries,Inc.
23733 North Scottsdale Road
Scottsdale, Arizona 85255
Item 2.
(a) Name of Person Filing
Nike Securities L.P.
First Trust Advisors L.P.
Nike Securities Corporation
(b) Address of Principal Business Office or, if none,
Residence
1001 Warrenville Road
Lisle, Illinois 60532
(c) Citizenship
Illinois, U.S.A.
(d) Title of Class of Securities
Common Stock
(e) CUSIP Number
374508109
Item 3. If this statement is filed pursuant to Sec. 240.13d-1(b)
or 240.13d-2(b) or (c), check whether the person filing is a
:
(a) X Broker or dealer registered under
section 15 of the Act (15 U.S.C. 78o).
(b) Bank as defined in section 3(a)(6) of the
Act (15 U.S.C. 78c).
(c) Insurance company as defined in
section 3(a)(19) of the Act (15 U.S.C. 78c).
(d) Investment company registered under
section 8 of the Investment Company Act of 1940
(15 U.S.C. 80a-8).
(e) X An investment adviser in accordance with
Sec. 240.13d-1(b)(1)(ii)(E).
(f) An employee benefit plant or endowment fund
in accordance with Sec.140.13d-1(b)(1)(ii)(F).
(g) X A parent holding company or control person
in accordance with Sec.240.13d-1(b)(1)(ii)(G).
(h) A savings associations as defined in
Section 3(b) of the Federal Deposit Insurance Act
(12 U.S.C. 1813).
(i) A church plan that is excluded from the
definition of an investment company under
section 3(c)(14) of the Investment Company Act of
1940 (15 U.S.C. 80a-3).
(j) Group, in accordance with Sec.240.13d-
1(b)1(ii)(J).
Item 4. Ownership
Provide the following information regarding the aggregate
number and percentage of the class of securities of the issuer
identified in Item 1.
(a) Amount beneficially owned: 728,858
(b) Percent of class: 6.7%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
__0___.
(ii) Shared power to vote or to direct the vote
728,858
(iii) Sole power to dispose or to direct the
disposition of __0___.
(iv) Shared power to dispose or to direct the
disposition of 728,858
Instruction. For computations regarding securities which
represent a right to acquire an underlying security see Sec.204.13d-
3(d)(1).
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 .
Instruction: Dissolution of a group requires a response to this
item.
Item 6. Ownership of More than Five Percent on Behalf of
Another Person
Nike Securities L.P. is sponsor of several unit investment
trusts which hold shares of common stock of the issuer. No unit
investment trust sponsored by Nike Securities L.P. holds 5% or
more of the issuer's common stock. First Trust Advisors L.P. is
an affiliate of Nike Securities L.P. and acts as portfolio
supervisor of the unit investment trusts which hold shares of
common stock of the issuer. Nike Securities Corporation is the
parent of both Nike Securities L.P. and First Trust Advisors L.P.
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the Parent
Holding Company
If a parent holding company has filed this schedule,
pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and
attach an exhibit stating the identity and the Item 3
classification of the relevant subsidiary. If a parent holding
company has filed this schedule pursuant to Rule 13d-1(c) or
Rule 13d-1(d), attach an exhibit stating the identification of
the relevant subsidiary.
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 of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
NIKE SECURITIES L.P.
February 12, 1999
James A. Bowen/President
FIRST TRUST ADVISORS, L.P.
February 12, 1999
Ronald D. McAlister/President
NIKE SECURITIES CORPORATIOIN
February 12, 1999
Robert D. Van Kampen by
Robert M. Porcellino*
_______________________________
*
An executed copy of the related power of attorney was filed with the
Securities and Exchange Commission with Amendment No. 1 to form S-6 of
the First Trust Combined Series 258 (file no. 33-63483) and the same
is hereby incorporated herein by reference.
