UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4 )*
OLYMPIC FINANCIAL LTD.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
681593109000
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(CUSIP Number)
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* 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
disclosures provided in a prior cover page.
The information required on 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 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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SCHEDULE 13G
CUSIP No. 681593109000
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Pecks Management Partners Ltd.
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2 Check the Appropriate Box If a Member of a Group* a. |_|
b. |_|
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3 SEC Use Only
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4 Citizenship or Place of Organization
New York
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5 Sole Voting Power
Number of
Shares Not Applicable
Beneficially --------------------------------------------------------
Owned By 6 Shared Voting Power
Each
Reporting Not Applicable
Person --------------------------------------------------------
With 7 Sole Dispositive Power
Not Applicable
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8 Shared Dispositive Power
Not Applicable
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
Not Applicable
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10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* |_|
Not Applicable
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11 Percent of Class Represented By Amount in Row (9)
Not Applicable
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12 Type of Reporting Person*
IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 5 pages
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Item 1(a). Name of Issuer
OLYMPIC FINANCIAL LTD. (the "Company")
Item 1(b). Address of Issuer's Principal Executive Offices
Olympic Place, 7825 Washington South Avenue
Minneapolis, MN 55439-2444
Item 2(a). Name of Person Filing
Pecks Management Partners Ltd. ("Pecks")
Item 2(b). Address of Principal Business Office
One Rockefeller Plaza
New York, NY 10020
Item 2(c). Citizenship
New York
Item 2(d). Title of Class of Securities
Common Stock of the Company
Item 2(e). CUSIP Number
681593109000
Item 3(e).
Pecks is filing this Schedule 13G as an Investment Advisor
registered under section 203 of the Investment Advisors Act of
1940.
Item 4. Ownership
Not applicable.
Item 5. Ownership of Five Percent or Less of a Class
This statement is being filed to report the fact that as of the
date hereof Pecks has ceased to be the beneficial owner of more
than five percent of the class of securities.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not Applicable
Page 3 of 5 pages
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Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company
Not Applicable
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 4 of 5 pages
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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.
Dated: February 12, 1997
PECKS MANAGEMENT PARTNERS LTD.
By: /s/ Robert J. Cresci
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Robert J. Cresci
Managing Director
Page 5 of 5 pages
