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UNITED STATES OMB Number: 3235-0145
SECURITIES AND EXCHANGE COMMISSION ------------------------------
WASHINGTON, D.C. 20549 Expires: November 30, 1999
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SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
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GABELLI ASSET MANAGEMENT INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
36239Y102
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(CUSIP Number)
DECEMBER 31, 1999
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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)
*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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CUSIP No. 36239Y102
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(1) Names of Reporting Persons.
Pasadena Capital Corporation
I.R.S. Identification Nos. of above persons (entities only).
95-4187880
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(2) Check the Appropriate Box if a Member (a) / /
of a Group (See Instructions) (b) / /
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(3) SEC Use Only
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(4) Citizenship or Place of Organization
USA
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Number of Shares (5) Sole Voting Power
Beneficially
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting Power
Person With: 450,496
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(7) Sole Dispositive Power
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(8) Shared Dispositive Power
450,496
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
450,496
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(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) / /
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(11) Percent of Class Represented by Amount in Row (9)
7.8%
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(12) Type of Reporting Person (See Instructions)
HC
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CUSIP No. 36239Y102
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(1) Names of Reporting Persons.
Roger Engemann & Associates, Inc.
I.R.S. Identification Nos. of above persons (entities only).
95-2755531
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(2) Check the Appropriate Box if a Member (a) / /
of a Group (See Instructions) (b) / /
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(3) SEC Use Only
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(4) Citizenship or Place of Organization
USA
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Number of Shares (5) Sole Voting Power
Beneficially
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting Power
Person With: 450,496
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(7) Sole Dispositive Power
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(8) Shared Dispositive Power
450,496
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
450,496
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(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) / /
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(11) Percent of Class Represented by Amount in Row (9)
7.8%
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(12) Type of Reporting Person (See Instructions)
IA
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ITEM 1.
(a) NAME OF ISSUER
GABELLI ASSET MANAGEMENT INC.
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(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
One Corporate Center
Rye, New York 10580
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ITEM 2.
(a) NAME OF PERSON FILING
Pasadena Capital Corporation and controlled
entities - see Item 7
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(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
600 North Rosemead Blvd.
Pasadena, California 91107
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(c) CITIZENSHIP
USA
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(d) TITLE OF CLASS OF SECURITIES
Common Stock
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(e) CUSIP NUMBER
36239Y102
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13d-1(b) OR
240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a) / / 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) / / An investment adviser in accordance with section
240.13d-1(b)(1)(ii)(E).
(f) / / An employee benefit plan or endowment fund in accordance with
section 240.13d-1(b)(1)(ii)(F).
(g) /X/ A parent holding company or control person in accordance with
section 240.13d-1(b)(1)(ii)(G).
(h) / / A savings association 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 section 240.13d-1(b)(1)(ii)(J).
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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:
450,496
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(b) Percent of class:
7.8%
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(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
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(ii) Shared power to vote or to direct the vote
450,496
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(iii) Sole power to dispose or to direct the disposition of
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(iv) Shared power to dispose or to direct the disposition of
450,496
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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. / /
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
The shares covered by this report are held for the benefit of discretionary
accounts managed by Roger Engemann & Associates, Inc. See Item 7 Exhibit.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
See Exhibit.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
N/A
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
N/A
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ITEM 10. CERTIFICATION
(a) The following certification shall be included if the statement is filed
pursuant to section 240.13d-1(b):
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.
(b) The following certification shall be included if the statement is filed
pursuant to section 240.13d-1(c):
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above 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.
February 10, 2000
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Date
ROGER ENGEMANN & ASSOCIATES, INC.
By /s/ Tina L. Mitchell
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Tina L. Mitchell, Vice President, Compliance
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Name/Title
February 10, 2000
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Date
PASADENA CAPITAL CORPORATION
By /s/ Malcolm Axon
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Malcolm Axon, CFO
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Name/Title
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SCHEDULE 13G
ITEM 7 EXHIBIT
The joint filers are 1) Pasadena Capital Corporation, a holding
company, and 2) Roger Engemann & Associates, Inc., an investment adviser.
The relationships of the joint filers are as follows:
1. Pasadena Capital Corporation, a holding company, owns 100% of Roger
Engemann & Associates, Inc.
NUMBER OF SHARES BY JOINT FILER
<TABLE>
<CAPTION>
SHARES CONTROL
------ PERSON
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<S> <C> <C>
Roger Engemann & Associates, Inc. 450,496* 450,496
Pasadena Capital Corporation 0 450,496
</TABLE>
*These shares are beneficially owned by and held in the accounts of various
clients of the above-named investment adviser, which the adviser has
investment discretion and voting authority with respect to such shares.
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SCHEDULE 13G
JOINT FILING AGREEMENT PURSUANT TO RULE 13D-1(f)(1)
This agreement is made pursuant to Rule 13d-1(f)(1) under the Securities
Exchange Act of 1934 (the "Act") by and between the parties listed below,
each referred to herein as a "Joint Filer". The Joint Filers agree that a
statement of beneficial ownership as required by Section 13(d) of the Act and
the Rules thereunder may be filed on each of their behalf on Schedule 13D or
Schedule 13G, as appropriate, and that said joint filing may thereafter be
amended by further joint filings. The Joint Filers state that they each
satisfy the requirement for making a join filing under Rule 13d-1.
ROGER ENGEMANN & ASSOCIATES, INC.
By /s/ Tina L. Mitchell
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Tina L. Mitchell, Vice President, Compliance
PASADENA CAPITAL CORPORATION
By /s/ Malcolm Axon
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Malcolm Axon, CFO
