United States*
Securities and Exchange Commission
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Great Lakes REIT, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
390752103
(CUSIP Number)
December 31, 1999
(Date of Event Which Requires Filling 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).
___________________
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form
displays a currently valid OMB control number.
CUSIP No. 44106M102
1. Names of Reporting Persons. Nike Securities L.P.
I.R.S. Identification Nos. of above persons (entities only).
36-3768815
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 Illinois, U.S.A.
Number of Shares 5. Sole Voting Power 0
Beneficially Owned by Each 6. Shared Voting Power 0
Reporting Person With: 7. Sole Dispositive Power 0
8. Shared Dispositive Power 0
9. Aggregate Amount Beneficially Owned by Each Reporting Person 0
10. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
11. Percent of Class Represented by Amount in Row (11) 0%
12. Type of Reporting Person (See Instructions) BD
CUSIP No.390752103
1. Names of Reporting Persons. First Trust Advisors L.P.
I.R.S. Identification Nos. of above persons (entities only).
36-3788904
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 Illinois, U.S.A.
Number of Shares 5. Sole Voting Power 0
Beneficially Owned by Each 6. Shared Voting Power 0
Reporting Person With: 7. Sole Dispositive Power 0
8. Shared Dispositive Power 0
9. Aggregate Amount Beneficially Owned by Each Reporting Person 0
10. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
11. Percent of Class Represented by Amount in Row (11) 0%
12. Type of Reporting Person (See Instructions) IA
CUSIP No. 390752103
1. Names of Reporting Persons. Nike Securities Corporation
I.R.S. Identification Nos. of above persons (entities only).
36-3772451
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 Illinois, U.S.A.
Number of Shares 5. Sole Voting Power 0
Beneficially Owned by Each 6. Shared Voting Power 0
Reporting Person With: 7. Sole Dispositive Power 0
8. Shared Dispositive Power 0
9. Aggregate Amount Beneficially Owned by Each Reporting Person 0
10. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
11. Percent of Class Represented by Amount in Row (11) 0%
12. Type of Reporting Person (See Instructions) HC
Item 1.
(a) Name of Issuer - Great Lakes REIT, Inc.
(b) Address of issuer's Principal Executive Offices
Great Lakes REIT, Inc.
823 Commerce Drive
Oakbrook, Illinois 60521
Item 2.
(a) Name of Person Filing
Nike Securities L.P.
First Trust Advisors L.P.
Nike Securities Corporation
(b) Address of Principal Business Office or, if none, Residence
1001 Warrenville Road
Lisle, Illinois 60532
(c) Citizenship
Illinois, U.S.A.
(d) Title of Class of Securities
Common Stock
(e) CUSIP Number
44106M102
Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-
2(b) or (c), check whether the person filing is a:
(a) |X| Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) |_| Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) |_| Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) |X| An investment adviser in accordance with
240.13d-1(b)(1)(ii)(E).
(f) |_| An employee benefit plant or endowment fund in accordance
with 140.13d-1(b)(1)(ii)(F).
(g) |X| A parent holding company or control person in accordance
with 240.13d-1(b)(1)(ii)(G).
(h) |_| A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813).
(i) |_| A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3).
(j) |_| Group, in accordance with 240.13d-1(b)1(ii)(J).
Item 4. Ownership
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 0
(b) Percent of class: 0%
(c) Number of shares as to which the person has:
(i)Sole power to vote or to direct the vote __0__.
(ii)Shared power to vote or to direct the vote 0
(iii)Sole power to dispose or to direct the disposition of 0
(iv)Shared power to dispose or to direct the disposition of 0
Instruction. For computations regarding securities which represent a
right to acquire an underlying security see 204.13d-3(d)(1).
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|
Instruction: Dissolution of a group requires a response to this item.
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
See Item 6.
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.
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.
Nike Securities L.P.
Date: February 11, 2000
By:
James A. Bowen / President
First Trust Advisors L.P.
Date: February 11, 2000
By:
Ronald D. McAlister / President
Nike Securities Corporation
Date: February 11, 2000
By:
David J. Allen / Director
by Robert M. Porcellino*
* An executed copy of the related power of attorney was filed with the
Securities and Exchange Commission with Amendment No. 1 to Form S-6 of
The First Trust Combined Series 258 (file no. 33-63483) and the same is
hereby incorporated herein by reference.
