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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Harolds Stores Inc.
-----------------------------
(Name of Issuer)
Common Stock
------------------------------------------
(Title of Class of Securities)
413353103
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(CUSIP Number)
* 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 7 Pages
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CUSIP No. 413353103
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- --------------------------------------------------------------------------------
1) Name of Reporting Person SAFECO Corporation
S.S. or I.R.S. Identifica-
tion 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 Bene- Power 0
ficially ----------------------------------------------------------------
Owned by (6) Shared Voting
Reporting Power 531,266
Person With ----------------------------------------------------------------
(7) Sole Disposi-
tive Power 0
----------------------------------------------------------------
(8) Shared 531,266
Dispositive Power
- --------------------------------------------------------------------------------
9) Aggregate Amount Bene- 531,266(2)
ficially 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 in Row 9 10.7%
- --------------------------------------------------------------------------------
12) Type of Reporting Person HC
(See Instructions)
(2) The Reporting Person disclaims any beneficial ownership of the shares
reported on this joint 13G.
Pages 2 of 7 Pages
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CUSIP No. 413353103
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- --------------------------------------------------------------------------------
1) Name of Reporting Person SAFECO Asset Management
S.S. or I.R.S. Identifica- Company
tion 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 Bene- Power 0
ficially ----------------------------------------------------------------
Owned by (6) Shared Voting
Reporting Power 531,266
Person With ----------------------------------------------------------------
(7) Sole Disposi-
tive Power 0
----------------------------------------------------------------
(8) Shared 531,266
Dispositive Power
- --------------------------------------------------------------------------------
9) Aggregate Amount Bene- 531,266(1)
ficially 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 in Row 9 10.7%
- --------------------------------------------------------------------------------
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 7 Pages
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CUSIP No. 413353103
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Item 1(a). Name of Issuer:
See front cover
Item 1(b). Address of Issuer Principal Executive Offices:
765 Asp Avenue
Norman, OK 73069
Item 2(a). Name of Person(s) Filing:
See Item 1 on cover page (pp 2-3).
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 2-3).
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) ( ) 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 4 of 7 Pages
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CUSIP No. 413353103
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Item 4. Ownership:
Items (a) through (c): See items 1 and 5-11 of the cover pages
(pp 2-3).
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. Each
of such companies is filing this statement because it is considered an
indirect beneficial owner of such securities based on its ownership or
control of one or more investment companies which directly own such
shares.
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 investment adviser 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 5 of 7 Pages
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CUSIP No. 413353103
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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 January 9, 1997 SAFECO Corporation
By /s/ Ronald L. Spaulding
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Ronald L. Spaulding, Treasurer
SAFECO Asset Management Company
By /s/ Neal A. Fuller
-------------------------------------
Neal A. Fuller, Secretary
Page 6 of 7 Pages
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EXHIBIT A
Agreement for filing Schedule 13-G.
Pursuant to the requirements of Regulation 13d-1(d), SAFECO Corporation and
SAFECO Asset Management Company each agree that Schedule 13-G filed by them with
regard to Harolds Stores, Inc.'s common stock is filed on behalf of each of
them.
Date January 9, 1997 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 7 of 7 Pages
