UNITRIN INC
SC 13G/A, 1999-02-12
FIRE, MARINE & CASUALTY INSURANCE
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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. 7)*
                                           

                                 UNITRIN, INC.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                         Common Stock, $.10 par value
- --------------------------------------------------------------------------------
                        (Title of Class of Securities)

                                  91327510-3
                        ------------------------------
                                (CUSIP Number)


Check the following box if a fee is being paid with this statement [_].  (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 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).



SEC1745 (2/92)                 Page 1 of 5 pages
<PAGE>
 
=============================================================================== 
 

  CUSIP NO. 91327510-3                  13G                 Page 2 of 5 Pages
            ----------                                          ---  --- 

 
- ------------------------------------------------------------------------------
      NAMES OF REPORTING PERSON
 1    S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
                                                                                
            George Kozmetsky      
            SS ####-##-####
              
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
                                                                (b) [x]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4                                 
            Texas

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5                                                       
     NUMBER OF             2,050,000  Does not include 30,460 owned by 
                           Dr. Kozmetsky's spouse as her separate property.
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6       
                           None
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7       
    REPORTING              2,050,000 (see item 5)
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8       
                           None
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9                           
       2,080,460 (includes 30,460 shares owned by Ronya Kozmetsky (spouse) as
       to each of which Dr. Kozmetsky disclaims beneficial ownership).
- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10    
                                                                    [_]
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11           
         5.48%                                                               

- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12           
         IN

- ------------------------------------------------------------------------------
                     *SEE INSTRUCTION BEFORE FILLING OUT!


                               Page 2 of 5 Pages
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Item 1(a)      Name of Issuer:

               Unitrin, Inc.

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

               One East Wacker Drive
               Chicago, Illinois 60601

Item 2(a)      Name of Person Filing:

               George Kozmetsky

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

               P.O. Box 2253
               Austin, Texas 78768

Item 2(c)      Citizenship:

               Texas

Item 2(d)      Title of Class of Securities:

               Common Stock, $.10 par value

Item 2(e)      CUSIP Number:

               91327510-3

Item 3         Filing required pursuant to the Rules 13d-1(b), or 13d-2(b):

               George Kozmetsky is filing pursuant to Rule 13d-1(c)

Item 4         Ownership as of December 31, 1998:

      (a)      Amount Beneficially Owned:

               (i)     2,050,000 shares are beneficially owned.

               (ii)    30,460 shares are owned by Dr. Kozmetsky's spouse as
                       her separate property and Dr. Kozmetsky disclaims any
                       beneficial ownership in these shares.





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     (b)       Percent of Class:

               (i)     5.40%-as to shares owned of record and beneficially by
                       George Kozmetsky.

               (ii)    .08%-as to shares owned by Dr. Kozmetsky's spouse.

     (c)       Number of shares as to which George Kozmetsky has:

               (i)     sole power to vote or direct the vote: 2,050,000 shares.

               (ii)    sole power to dispose or direct the disposition of:
                       2,050,000 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.

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 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
















<PAGE>
 
               with or as a participant in any transaction having such 
               purposes 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.

Date: February 1, 1999



  /s/ George Kozmetsky
- ---------------------------
Signature: George Kozmetsky




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