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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment #1)*
Marks Brothers Jewelers, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
570698100
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(CUSIP Number)
DECEMBER 31, 1998 (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).
(Continued on following page(s))
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CUSIP No. 570698100
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1) Name of Reporting Person SAFECO Asset Management
S.S. or I.R.S. Identification Company
No. of Above Person
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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
State of Washington
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Number of Shares (5) Sole Voting Power
Beneficially 0
Owned by ----------------------------------------------------
Reporting (6) Shared Voting Power
Person With 0
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(7) Sole Dispositive Power
0
-----------------------------------------------------
(8) Shared Dispositive Power
0
- -----------------------------------------------------------------------
9) Aggregate Amount Beneficially Owned by Reporting Person
0
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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
0.0%
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12) Type of Reporting Person (See Instructions)
IA
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Page 2 of 7 Pages
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CUSIP No. 570698100
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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 if a Member (a) / /
of a Group (See Instructions) (b) / /
- -----------------------------------------------------------------------
3) SEC Use Only
- -----------------------------------------------------------------------
4) Citizenship or Place of Organization
State of Washington
- -----------------------------------------------------------------------
Number of Shares (5) Sole Voting Power
Beneficially 0
Owned by ----------------------------------------------------
Reporting (6) Shared Voting Power
Person With 0
----------------------------------------------------
(7) Sole Dispositive Power
0
----------------------------------------------------
(8) Shared Dispositive Power
0
- -----------------------------------------------------------------------
9) Aggregate Amount Beneficially Owned by Reporting Person
0
- -----------------------------------------------------------------------
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) / /
- -----------------------------------------------------------------------
11) Percent of Class Represented by Amount in Row 9
0%
- -----------------------------------------------------------------------
12) Type of Reporting Person (See Instructions)
HC
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Page 3 of 7 Pages
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CUSIP No. 570698100
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Item 1(a). Name of Issuer: See front cover
Item 1(b). Address of Issuer Principal Executive Offices:
155 North Wacker, Suite 500, Chicago, IL 60606
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 Corporation: SAFECO Plaza, Seattle, WA 98185
SAFECO Asset Management Company: 601 Union Street,
Suite 2500, Seattle, WA 98101
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) or (c), 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 of 1940.
(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) ( ) Savings Association as defined in Section 3(b) of the Federal
Deposit Insurance Act.
(i) ( ) Church Plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act of 1940.
(j) ( ) Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
Page 4 of 7 Pages
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CUSIP No. 570698100
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Item 4. Ownership:
Items (a) through (c): See items 1 and 5-11 of the cover pages
(pp 2-3).
Item 5. Ownership of 5% or Less of a Class:
This statement is filed to report that as of December 31, 1998, the
reporting persons have ceased to be the beneficial owners of more
than 5% of the common stock of Marks Brothers Jewelers, Inc.
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. 2).
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
such securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
Page 5 of 7 Pages
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CUSIP No. 570698100
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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: February 11, 1999 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 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 Marks Brothers Jewelers, Inc.'s common stock is filed on
behalf of each of them.
Date: February 11, 1999 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 7 Pages
