<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
AMENDMENT NO. 1
INFORMATION STATEMENT PURSUANT TO RULE 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
INCONTROL, INC.
------------------------------------------------------
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE PER SHARE
------------------------------------------------------
(Title of Class of Securities)
45336L-10-3
-------------------------------------
(CUSIP Number of Class of Securities)
Check the following box if a fee is being paid with this statement. [ ]
(A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of less than five percent of
such class.) (See Rule 13d-7.)
Page 1 of 18 Pages
An Index of Exhibits appears on Page 18
<PAGE> 2
CUSIP NO. SCHEDULE 13G
45336L-10-3 AMENDMENT NO. 1 PAGE 2 OF 18 PAGES
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FRAZIER HEALTHCARE INVESTMENTS, L.P. FEIN: 91-1586072
---------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
---------------------------------------------------------------------
(3) SEC USE ONLY
---------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Organized under the laws of the State of Delaware
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 215,267
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
215,267
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
215,267
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.27%
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
LP
---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 18 Pages
An Index of Exhibits appears on Page 18
<PAGE> 3
CUSIP NO. SCHEDULE 13G
45336L-10-3 AMENDMENT NO. 1 PAGE 3 OF 18 PAGES
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FRAZIER HEALTHCARE MANAGEMENT, L.P. FEIN: 91-1586070
---------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
---------------------------------------------------------------------
(3) SEC USE ONLY
---------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Organized under the laws of the State of Delaware
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 215,267
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
215,267
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
215,267
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.27%
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
LP
---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 18 Pages
An Index of Exhibits appears on Page 18
<PAGE> 4
CUSIP NO. SCHEDULE 13G
45336L-10-3 AMENDMENT NO. 1 PAGE 4 OF 18 PAGES
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FRAZIER PORTFOLIO FUND, L.P. FEIN: 91-1675192
---------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
---------------------------------------------------------------------
(3) SEC USE ONLY
---------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Organized under the laws of the State of Delaware
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 150,000
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
150,000
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
150,000
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.88%
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
LP
---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 18 Pages
An Index of Exhibits appears on Page 18
<PAGE> 5
CUSIP NO. SCHEDULE 13G
45336L-10-3 AMENDMENT NO. 1 PAGE 5 OF 18 PAGES
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FRAZIER/INCONTROL, L.P. FEIN: 91-
---------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
---------------------------------------------------------------------
(3) SEC USE ONLY
---------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Organized under the laws of the State of Delaware
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 113,823
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
113,823
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
113,823
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.67%
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
LP
---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 18 Pages
An Index of Exhibits appears on Page 18
<PAGE> 6
CUSIP NO. SCHEDULE 13G
45336L-10-3 AMENDMENT NO. 1 PAGE 6 OF 18 PAGES
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FRAZIER & COMPANY L.P. FEIN: 91-1529429
---------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
---------------------------------------------------------------------
(3) SEC USE ONLY
---------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Organized under the laws of the State of Delaware
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 576,476
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
576,476
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
576,476
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.40%
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
LP
---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 18 Pages
An Index of Exhibits appears on Page 18
<PAGE> 7
CUSIP NO. SCHEDULE 13G
45336L-10-3 AMENDMENT NO. 1 PAGE 7 OF 18 PAGES
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FRAZIER MANAGEMENT, L.L.C. FEIN: 91-1678546
---------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
---------------------------------------------------------------------
(3) SEC USE ONLY
---------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 744,514
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
744,514
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
744,514
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.39%
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
LLC
---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 18 Pages
An Index of Exhibits appears on Page 18
<PAGE> 8
CUSIP NO. SCHEDULE 13G
45336L-10-3 AMENDMENT NO. 1 PAGE 8 OF 18 PAGES
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FRAZIER & COMPANY, INC. FEIN: 91-1526760
---------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
---------------------------------------------------------------------
(3) SEC USE ONLY
---------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Organized under the laws of the State of Delaware
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 777,294
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
777,294
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
777,294
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.59%
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
CO
---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 18 Pages
An Index of Exhibits appears on Page 18
<PAGE> 9
CUSIP NO. SCHEDULE 13G
45336L-10-3 AMENDMENT NO. 1 PAGE 9 OF 18 PAGES
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Alan D. Frazier SS# 531-050-8643
---------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
---------------------------------------------------------------------
(3) SEC USE ONLY
---------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 32,780
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 744,514
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 32,780
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
744,514
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
744,294
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.59%
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
IN
---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 18 Pages
An Index of Exhibits appears on Page 18
<PAGE> 10
ITEM 1(A). NAME OF ISSUER.
This Schedule 13G relates to InControl, Inc., a Delaware corporation
(the "Company").
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
The Company's principal executive offices are located at 6675 - 185th
Avenue NE, Redmond, Washington 98052.
ITEM 2(A). NAME OF PERSONS FILING.
This Schedule 13G relates to each of the following persons:
- Frazier Healthcare Investments, L.P., a limited partnership
("FHI")
- Frazier Healthcare Management, L.P., a limited partnership
("FHM")
- Frazier Portfolio Fund, L.P., a limited partnership ("FPFLP")
- Frazier/InControl, L.P., a limited partnership ("FILP")
- Frazier & Company L.P., a limited partnership ("F&C LP")
- Frazier Management, L.L.C., a limited liability company ("FMLLC")
- Frazier & Company, Inc., a Washington corporation ("F&C Inc.")
- Alan D. Frazier, as director and sole shareholder of F&C Inc.;
The general partner of FHI is FHM, whose general partner is F&C LP,
whose general partner is FMLLC. The general partner of FPFLP is also FMLLC. The
general partner of FILP is F&C LP. The managing member of FMLLC is F&C Inc. The
sole shareholder of F&C Inc. is Alan D. Frazier.
Page 10 of 18 Pages
An Index of Exhibits appears on Page 18
<PAGE> 11
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE.
The business address of each of the reporting persons is 601 Union
Street, Suite 2110, Seattle, Washington 98101.
ITEM 2(C). CITIZENSHIP.
FHI, FHM, FPFLP, FILP and F&C LP are each limited partnerships
organized under the laws of the State of Delaware. FMLLC is a limited liability
company organized under the laws of the State of Delaware. F&C Inc. is a
corporation organized under the laws of the State of Washington. Mr. Frazier is
a United States citizen.
ITEM 2(D). TITLE OF CLASS OF SECURITIES.
This Schedule 13G relates to the Company's common stock, $.01 par value
per share (the "Common Stock").
ITEM 2(E). CUSIP NUMBER.
The CUSIP Number for the Company's Common Stock is 45336L-10-3.
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B) OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS A:
(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) [ ] Investment Advisor registered under Section 203 of the
Investment Advisors Act of 1940,
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund,
(g) [ ] Parent Holding Company, in accordance with Rule 13d-1(b)(ii)
(G),
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
NOT APPLICABLE.
Page 11 of 18 Pages
An Index of Exhibits appears on Page 18
<PAGE> 12
ITEM 4. OWNERSHIP.
The following describes the ownership of Common Stock by FHI and FHM as
of December 31, 1996:
(a) Amount beneficially owned: 215,267(1)
(b) Percent of class: 1.27%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or to direct the vote: 215,267(1)(2)
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of:
215,267(1)(2)
(1) Represents shares held of record by FHI of which FHM is the
general partner.
(2) Power to vote or to direct the vote of, and power to dispose
or to direct the disposition of, the reported shares is deemed
to be shared among all of the reporting persons except FHI.
Each of such persons denies beneficial ownership of such
shares except to the extent of such person's respective
pecuniary interest.
The following describes the ownership of Common Stock by FPFLP as of
December 31, 1996:
(a) Amount beneficially owned: 150,000(1)
(b) Percent of class: 0.88%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or to direct the vote: 150,000(1)(2)
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of:
150,000(1)(2)
(1) Represents shares held of record by FPFLP of which FMLC is the
general partner.
(2) Power to vote or to direct the vote of, and power to dispose
or to direct the disposition of, the reported shares is deemed
to be shared among the each of
Page 12 of 18 Pages
An Index of Exhibits appears on Page 18
<PAGE> 13
FPFLP, FMLLC, F&C Inc. and Mr. Frazier. Each of such persons
denies beneficial ownership of such shares except to the extent
of such person's respective pecuniary interest.
The following describes the ownership of Common Stock by FILP as of
December 31, 1996:
(a) Amount beneficially owned: 113,823(1)
(b) Percent of class: 0.67%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or to direct the vote: 113,823(1)(2)
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of:
113,823(1)(2)
(1) Represents shares held of record by FILP of which F&C LP is the
general partner.
(2) Power to vote or to direct the vote of, and power to dispose
or to direct the disposition of, the reported shares is deemed
to be shared among the each of F&C LP, FMLLC, F&C Inc. and Mr.
Frazier. Each of such persons denies beneficial ownership of
such shares except to the extent of such person's respective
pecuniary interest.
The following describes the ownership of Common Stock by F&C LP as of
December 31, 1996:
(a) Amount beneficially owned: 576,476(1)
(b) Percent of class: 3.40%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or to direct the vote: 576,476(1)(2)
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of:
576,476(1)(2)
(1) Includes (i) 9,000 shares subject to purchase upon the
exercise of vested stock options held of record by F&C LP,
(ii) 222,278 shares subject to purchase upon the exercise of
vested stock purchase warrants held of record
Page 13 of 18 Pages
An Index of Exhibits appears on Page 18
<PAGE> 14
by F&C LP, (iii) 113,823 shares of Common Stock held of record by
FILP, of which F&C LP is the general partner, and (iv) 215,267
shares of Common Stock held of record by FHI, of which FHM is the
general partner, of which F&C LP is the general partner.
(2) Power to vote or to direct the vote of, and power to dispose
or to direct the disposition of, the reported shares is deemed
to be shared among the each of F&C LP, FMLLC, F&C Inc., and
Mr. Frazier. Each of such persons denies beneficial ownership
of such shares except to the extent of such person's
respective pecuniary interest.
The following describes the ownership of Common Stock by FMLLC, F&C
Inc. and by Mr. Frazier as of December 31, 1996:
(a) Amount beneficially owned: 777,294(1)
(b) Percent of class: 4.59%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 32,780 (2)
(ii) Shared power to vote or to direct the vote: 744,514(1)(3)
(iii) Sole power to dispose or to direct the disposition of:
32,780(2)
(iv) Shared power to dispose or to direct the disposition of:
744,514(1)(3)
(1) Includes (i) 9,000 shares subject to purchase upon the
exercise of vested stock options held of record by F&C LP, of
which FMLLC is the general partner, (ii) 222,278 shares
subject to purchase upon the exercise of vested stock purchase
warrants held of record by F&C LP, (iii) 150,000 shares of
Common Stock held of record by FPFLP of which FMLLC is the
general partner, (iv) 113,823 shares of Common Stock held of
record by FILP, of which F&C LP is the general partner, and
(v) 215,267 shares of Common Stock held of record by FHI, of
which FHM is the general partner, of which F&C LP is the
general partner, of which FMLLC is the general partner. F&C
Inc. is the managing member of FMLLC. Mr. Frazier is the sole
shareholder of F&C Inc. and may be deemed to be the beneficial
owner of stock beneficially held by such limited partnerships
and limited liability company. Each of such persons denies
beneficial ownership of such shares except to the extent of
such person's respective pecuniary interest.
(2) Represents shares of Common Stock held of record by Alan D.
Frazier.
Page 14 of 18 Pages
An Index of Exhibits appears on Page 18
<PAGE> 15
(3) Power to vote or to direct the vote of, and power to dispose
or to direct the disposition of, the reported shares is deemed
to be shared among FMLLC, F&C Inc. and Mr. Frazier.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ X ].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT 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.
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.
Not applicable.
Page 15 of 18 Pages
An Index of Exhibits appears on Page 18
<PAGE> 16
SIGNATURE
The undersigned hereby agree that this Schedule is filed on behalf of
each of them and, after reasonable inquiry and to best of their knowledge and
belief, hereby certify that the information set forth in this statement is true,
complete and correct.
Dated: February 5, 1997
FRAZIER HEALTHCARE INVESTMENTS, L.P.
By: Frazier Healthcare Management, L.P.
Its General Partner
By: Frazier & Company L.P.
Its General Partner
By: Frazier Management, L.L.C.
Its General Partner
By: Frazier & Company, Inc.
Its Managing Member
By //s// Alan D. Frazier
---------------------------------------
Alan D. Frazier, President
FRAZIER PORTFOLIO FUND, L.P.
By: Frazier Management, L.L.C.
Its General Partner
By: Frazier & Company, Inc.
Its Managing Member
By //s// Alan D. Frazier
---------------------------------------
Alan D. Frazier, President
FRAZIER/INCONTROL, L.P.
By: Frazier & Company L.P.
Its General Partner
By: Frazier Management, L.L.C.
Its General Partner
By: Frazier & Company, Inc.
Its Managing Member
By //s// Alan D. Frazier
---------------------------------------
Alan D. Frazier, President
Page 16 of 18 Pages
An Index of Exhibits appears on Page 18
<PAGE> 17
FRAZIER & COMPANY L.P.
By: Frazier Management, L.L.C.
Its General Partner
By: Frazier & Company, Inc.
Its Managing Member
By //s// Alan D. Frazier
---------------------------------------
Alan D. Frazier, President
FRAZIER & COMPANY, INC.
By //s// Alan D. Frazier
---------------------------------------
Alan D. Frazier, President, Director and
Shareholder
Page 17 of 18 Pages
An Index of Exhibits appears on Page 18
<PAGE> 18
EXHIBIT INDEX
Statement required by reporting persons pursuant to Rule
13d-1(f)(1) (see signature page).
Page 18 of 18 Pages
An Index of Exhibits appears on Page 18
