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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
American Buildings Co.
----------------------------------
(Name of Issuer)
Common Stock
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(Title of Class of Securities)
024757106
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(CUSIP Number)
Check the following box if a fee is being paid with this statement X. (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).
(Continued on following page(s))
Page 1 of 8 Pages
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CUSIP No. 024757106
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1) Name of Reporting Person SAFECO Common Stock Trust
S.S. or I.R.S. Identification
No. of Above Person
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
if a Member of a Group ------------------------------
(See Instructions) (b)
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of State of Delaware
Organization
- --------------------------------------------------------------------------------
Number of (5) Sole Voting
Shares Power 0
Beneficially
Owned by ----------------------------------------------------------------
Reporting (6) Shared Voting 428,800
Person With Power
----------------------------------------------------------------
(7) Sole Dispositive Power 0
----------------------------------------------------------------
(8) Shared 428,800
Dispositive
Power
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially 428,800
Owned by Reporting Person
- --------------------------------------------------------------------------------
10) Check if the Aggregate
Amount in Row (9) Excludes
Certain Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class
Represented by Amount 6.8%
in Row 9
- --------------------------------------------------------------------------------
12) Type of Reporting Person IV
(See Instructions)
Page 2 of 8 Pages
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CUSIP No. 024757106
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1) Name of Reporting Person SAFECO Asset Management
S.S. or I.R.S. Identification Company
No. of Above Person
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
if a Member of a Group ------------------------------
(See Instructions) (b)
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of State of Washington
Organization
- --------------------------------------------------------------------------------
Number of (5) Sole Voting
Shares Power 0
Beneficially
Owned by ----------------------------------------------------------------
Reporting (6) Shared Voting 663,300
Person With Power
----------------------------------------------------------------
(7) Sole Dispositive Power 0
----------------------------------------------------------------
(8) Shared 663,300
Dispositive
Power
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially 663,300 (1)
Owned by Reporting Person
- --------------------------------------------------------------------------------
10) Check if the Aggregate
Amount in Row (9) Excludes
Certain Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class
Represented by Amount 10.5%
in Row 9
- --------------------------------------------------------------------------------
12) Type of Reporting Person IA
(See Instructions)
- ---------------
(1) The Reporting Person disclaims any beneficial ownership of the shares
reported on this joint 13G.
Page 3 of 8 Pages
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CUSIP No. 024757106
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1) Name of Reporting Person SAFECO Corporation
S.S. or I.R.S. Identification
No. of Above Person
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
if a Member of a Group ------------------------------
(See Instructions) (b)
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of State of Washington
Organization
- --------------------------------------------------------------------------------
Number of (5) Sole Voting
Shares Power 0
Beneficially
Owned by ----------------------------------------------------------------
Reporting (6) Shared Voting 663,300
Person With Power
----------------------------------------------------------------
(7) Sole Dispositive Power 0
----------------------------------------------------------------
(8) Shared 663,300
Dispositive
Power
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially 663,300 (2)
Owned by Reporting Person
- --------------------------------------------------------------------------------
10) Check if the Aggregate
Amount in Row (9) Excludes
Certain Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class
Represented by Amount 10.5%
in Row 9
- --------------------------------------------------------------------------------
12) Type of Reporting Person HC
(See Instructions)
- ---------------
(2) The Reporting Person disclaims any beneficial ownership of the shares
reported on this joint 13G.
Page 4 of 8 Pages
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CUSIP No. 024757106
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Item 1(a). Name of Issuer:
See front cover
Item 1(b). Address of Issuer Principal Executive Offices:
P.O. Box 800
Eufaula, AL 36027
Item 2(a). Name of Person(s) Filing:
See Item 1 on cover page (pp 2-4).
Item 2(b). Address of Principal Business Office or, If None, Residence:
SAFECO Plaza, Seattle, WA 98185
Item 2(c). Citizenship:
See Item 4 on cover page (pp 2-4).
Item 2(d). Title of Class of Securities:
See front cover page.
Item 2(e). CUSIP Number:
See front cover page.
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or
13d-2(b), check whether the persons filing are:
(a) ( ) Broker or Dealer registered under Section 15 of the Act.
(b) ( ) Bank as defined in Section 3(a)(6) of the Act.
(c) ( ) Insurance Company as defined in Section 3(a)(19) of the Act.
(d) (X) Investment Company registered under Section 8 of the
Investment Company Act.
(e) (X) Investment Advisor registered under Section 203 of the
Investment Advisers Act of 1940.
(f) ( ) Employee Benefit Plan, Pension Fund which is subject to
provisions of Employee Retirement Income Security Act of
1974 or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F).
(g) (X) Parent Holding Company in accordance with
Rule 13d-1(b)(ii)(G).
(h) ( ) Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
Page 5 of 8 Pages
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CUSIP No. 024757106
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Item 4. Ownership:
Items (a) through (c):
See items 1 and 5-11 of the cover pages (pp 2-4).
SAFECO Asset Management Company and SAFECO Corporation expressly
declare that the filing of this statement on Schedule 13G shall
not be construed as an admission that they are, for the purposes
of Section 13(d) or 13(g) of the Securities and Exchange Act of
1934, the beneficial owners of any securities covered by this
statement.
Item 5. Ownership of 5% or Less of a Class:
Not applicable.
Item 6. Ownership of More than 5% 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.
SAFECO Asset Management Company is the subsidiary on which SAFECO
Corporation is reporting as the parent holding company. SAFECO
Asset Management Company is an IA as specified in Item 12 on the
cover page (p. 3).
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 with or as a participant in any transaction having
such purposes or effect.
Page 6 of 8 Pages
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CUSIP No. 024757106
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Exhibits.
The statement required by Rule 13d-1(f) is attached as Exhibit A.
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 December 9, 1996 SAFECO Common Stock Trust
By /s/ Ronald L. Spaulding
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Ronald L. Spaulding, Treasurer
SAFECO Corporation
By /s/ Ronald L. Spaulding
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Ronald L. Spaulding, Treasurer
SAFECO Asset Management Company
By /s/ Neal A. Fuller
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Neal A. Fuller, Secretary
Page 7 of 8 Pages
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EXHIBIT A
Agreement for filing Schedule 13-G.
Pursuant to the requirements of Regulation 13d-1(d), SAFECO Common Stock Trust,
SAFECO Corporation and SAFECO Asset Management Company each agree that Schedule
13-G filed by them with regard to American Buildings Co.'s common stock is filed
on behalf of each of them.
Date December 9, 1996 SAFECO Common Stock Trust
By /s/ Ronald L. Spaulding
-------------------------------------
Ronald L. Spaulding, Treasurer
SAFECO Corporation
By /s/ Ronald L. Spaulding
-------------------------------------
Ronald L. Spaulding, Treasurer
SAFECO Asset Management Company
By /s/ Neal A. Fuller
-------------------------------------
Neal A. Fuller, Secretary
Page 8 of 8 Pages
