UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. ___ )
Cross Timbers Oil Company
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
227573102
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(CUSIP Number)
June 30, 1998
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(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)
Page 1 of 4 Pages
<PAGE>
- ---------------------------------- ---------------------------
|CUSIP NO. 227573102 | 13G | Page 2 of 4 Pages |
| ----------- | | --- --- |
- ---------------------------------- ---------------------------
|--------|---------------------------------------------------------------------|
| 1 | NAME OF REPORTING PERSON |
| | S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON |
| | |
| | Demeter Holdings Corporation |
|--------|---------------------------------------------------------------------|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] |
| | (b) [ ] |
| | |
|--------|---------------------------------------------------------------------|
| 3 | SEC USE ONLY |
| | |
|--------|---------------------------------------------------------------------|
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | Massachusetts |
|-----------------|--------|---------------------------------------------------|
| | 5 | SOLE VOTING POWER |
| | | 5,400,013 shares (see Item 4) |
| NUMBER OF |--------|---------------------------------------------------|
| SHARES | 6 | SHARED VOTING POWER |
| BENEFICIALLY | | ---- |
| OWNED BY |--------|---------------------------------------------------|
| EACH | 7 | SOLE DISPOSITIVE POWER |
| REPORTING | | 5,400,013 shares (see Item 4) |
| PERSON |--------|---------------------------------------------------|
| WITH | 8 | SHARED DISPOSITIVE POWER |
| | | ---- |
|------------------------------------------------------------------------------|
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 5,400,013 shares |
|--------|---------------------------------------------------------------------|
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN [ ] |
| | SHARES* |
| | |
|--------|---------------------------------------------------------------------|
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| | 11.6% |
|--------|---------------------------------------------------------------------|
| 12 | TYPE OF REPORTING PERSON* |
| | CO |
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13G
------------
Item 1(a) Name of Issuer:
Cross Timbers Oil Company
1(b) Address of Issuer's Principal Executive Offices:
810 Houston Street
Fort Worth, TX 76102
Item 2(a) Name of Person Filing:
Demeter Holdings Corporation through its wholly owned
subsidiary, White River Corporation
2(b) Address of Principal Business Office or, if none, Residence:
c/o Charlesbank Capital Partners, LLC
600 Atlantic Avenue, 26th Floor
Boston, MA 02210
2(c) Citizenship:
Massachusetts
2(d) Title of Class of Securities:
Common Stock
2(e) CUSIP Number:
227573102
Item 3 The entity filing is an employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F).
Item 4 Ownership:
4(a) Amount beneficially owned:
5,400,013
4(b) Percent of Class:
11.6%
4(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
5,400,013 shares, subject to the terms of the
Existing Assets Management Agreement described more
fully in Item 6.
(ii) shared power to vote or to direct the vote:
---------
Page 3 of 4 Pages
<PAGE>
(iii) sole power to dispose or to direct the disposition of:
5,400,013 shares, subject to the terms of the
Existing Assets Management Agreement described more
fully in Item 6.
(iv) shared power to dispose or to direct the disposition of:
--------
Item 5 Ownership of Five Percent or Less of a Class:
Not Applicable.
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
Pursuant to the Existing Assets Management Agreement, dated
as of July 1, 1998, between Charlesbank Capital Partners,
LLC ("Charlesbank"), President and Fellows of Harvard
College ("Harvard") and certain individuals, Charlesbank
will act as an investment manager on behalf of Harvard and
its affiliates in connection with certain existing
investments of Harvard and its affiliates, including the
investment by Demeter Holdings Corporation, an affiliate of
Harvard, in Cross Timbers Oil Company disclosed herein.
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 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 the securities and were not
acquired and are not held in connection with or as a participant in
any transaction having that purpose or effect.
After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
DEMETER HOLDINGS CORPORATION
By: /s/ Tami E. Nason
----------------------------------------
Name: Tami E. Nason
Title: Authorized Signatory
July 10, 1998
Page 4 of 4 Pages
