UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Furr's/Bishop's Inc.
(Name of Issuer)
Common Stock
(Title and Class of Securities)
361115504
(CUSIP Number)
(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 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 ("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).
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SCHEDULE 13G
CUSIP No. 361115504 Page 2
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
Principal Life Insurance Co.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)
(a)
(b)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Iowa
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 6 SHARED VOTING POWER 3,286,701
OWNED BY
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 8 SHARED DISPOSITIVE POWER 3,286,701
WITH
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,286,701
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions)
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.8%
12 TYPE OF REPORTING PERSON (See Instructions)
IC
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SCHEDULE 13G
CUSIP No. 361115504 Page 3
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
Principal Mutual Holding Company
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)
(a)
(b)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Iowa
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 6 SHARED VOTING POWER 3,286,701
OWNED BY
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 8 SHARED DISPOSITIVE POWER 3,286,701
WITH
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,286,701
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions)
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.8%
12 TYPE OF REPORTING PERSON (See Instructions)
HC
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Page 4
Item 1(a) Name of Issuer:
Furr's/Bishop's Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
6901 Quaker Avenue
Lubbock, TX 79413
Item 2(a) Name of Person Filing:
Principal Life Insurance Co.
Principal Mutual Holding Co.
Item 2(b) Address of Principal Business Office, or, if None,
Residence:
Principal Life Ins. Co Principal Mutual Holding Co.
711 High Street 711 High Street
Des Moines, IA 50392-0088 Des Moines, IA 50392-0088
Item 2(c) Citizenship:
Principal Life Ins.Co. - State of Iowa
Principal Mutual Holding Co. - State of Iowa
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Numbers:
361115504
Item 3. If this statement is filed pursuant to section 240.13d- 1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(c) An insurance company as defined in section 3(a)(19) of
the Act (15 U.S.C. 78c).
(g) A parent holding company or control person in accordance with
section 240.13d-1(b)(1)(ii)(G).
Item 4. Ownership:
(a) Amount Beneficially Owned ..................
3,286,701 Shares Common Stock presently held by Principal Life
3,286,701 Shares Common Stock presently held by Principal Mutual
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Page 5
(b) Percent of Class .....
6.75% Principal Life Insurance Co.
6.75% Principal Mutual Holding Co.
(c) Number of shares as to which the person has:
(i) Sole Power to Vote or Direct the Vote
0 Principal Life
0 Principal Mutual
(ii) Shared Power to Vote or Direct the Vote
3,286,701 Shares Common Stock presently held by Principal Life
3,286,701 Shares Common Stock presently held by Principal Mutual
(iii) Sole Power to Dispose or to Direct the Disposition of
0 Principal Life
0 Principal Mutual
(iv) Shared Power to Dispose or to Direct the Disposition of
3,286,701 Shares Common Stock presently held by Principal Life
3,286,701 Shares Common Stock presently held by Principal Mutual
Item 5. Ownership of Five Percent or Less of a Class:
N/A
Item 6. Ownership of More than Five Percent on Behalf of
Another Person
N/A
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the Parent
Holding Company
See Attached.
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Page 6
Item 8. Identification and Classification of Members of the
Group
N/A
Item 9. Notice of Dissolution of Group
N/A
Item 10(b). Certification
By signing below I certify, to the best of my knowledge and
belief, the securities referred to above were not 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.
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.
PRINCIPAL LIFE INSURANCE CO.
By: INVISTA CAPITAL MANAGEMENT, LLC
By /s/ Dennis W. Cameron
Dennis W. Cameron, Chief Financial and Compliance Officer
PRINCIPAL MUTUAL HOLDING COMPANY
By: INVISTA CAPITAL MANAGEMENT, LLC
By /s/ Dennis W. Cameron
Dennis W. Cameron, Chief Financial and Compliance Officer
Dated this 19th day of February, 1999
<PAGE>
EXHIBIT 99.1
Principal Life Insurance Co.
Item 3 Classification:
(c) An insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
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