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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment #1)*
Sirrom Capital Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
829905108
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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. 829905108
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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 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 Delaware
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Number of Shares (5) Sole Voting Power
Beneficially 0
Owned by --------------------------------------------------
Reporting (6) Shared Voting Power
Person With 5,184,100
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(7) Sole Dispositive Power
0
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(8) Shared Dispositive Power
5,184,100
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(9) Aggregate Amount Beneficially Owned by Reporting Person
5,184,100
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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
13.9%
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(12) Type of Reporting Person (See Instructions)
IV
Page 2 of 8
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CUSIP No. 829905108
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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 if a Member (a) / /
of a Group (See Instructions) (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(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 6,611,300
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(7) Sole Dispositive Power
0
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(8) Shared Dispositive Power
6,611,300
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Reporting Person
6,611,300(1)
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(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) / /
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row 9
17.8%
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(12) Type of Reporting Person (See Instructions)
IA
- ----------------------
(1) The Reporting Person disclaims any beneficial ownership of the shares
reported on this joint 13G. The reported shares are owned beneficially by
registered investment companies for which the Reporting Person serves as an
adviser, and include the shares reported in this joint 13G by SAFECO Common
Stock Trust.
Page 3 of 8
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CUSIP No. 357658103
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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 6,611,300
--------------------------------------------------
(7) Sole Dispositive Power
0
--------------------------------------------------
(8) Shared Dispositive Power
6,611,300
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Reporting Person
6,611,300(2)
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(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) / /
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row 9
17.8%
- -------------------------------------------------------------------------------
(12) Type of Reporting Person (See Instructions)
HC
- ----------------------
(2) The Reporting Person disclaims any beneficial ownership of the shares
reported on this joint 13G. The reported shares are owned beneficially by
registered investment companies for which a subsidiary of the Reporting
Person serves as adviser.
Page 4 of 8
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CUSIP No. 829905108
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Item 1(a). Name of Issuer: See front cover
Item 1(b). Address of Issuer Principal Executive Offices:
500 Church Street, Suite 500, Nashville, TN 37219
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 Common Stock Trust: 10865 Willows Road NE, Redmond, WA
98052
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 2-4).
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) 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) (X) 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 5 of 8
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CUSIP No. 829905108
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Item 4. Ownership:
Items (a) through (c): See items 1 and 5-11 of the cover pages
(pp 2-5).
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), and reported
shares are owned beneficially by registered investment
companies for which SAFECO Asset Management Company serves
as investment adviser.
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 6 of 8
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CUSIP No. 829905108
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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 10, 1999 SAFECO Corporation
By /s/ Ronald L. Spaulding
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Ronald L. Spaulding, Treasurer
SAFECO Common Stock Trust
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
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CUSIP No. 829905108
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EXHIBIT A
Agreement for filing Schedule 13-G.
Pursuant to the requirements of Regulation 13d-1(d), SAFECO Corporation, SAFECO
Asset Management Company, and SAFECO Common Stock Trust each agree that Schedule
13-G filed by them with regard to Sirrom Capital Corporation's common stock is
filed on behalf of each of them.
Date: February 10, 1999 SAFECO Corporation
By /s/ Ronald L. Spaulding
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Ronald L. Spaulding, Treasurer
SAFECO Common Stock Trust
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 8 of 8
