UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934*
(Amendment No. 1)
Stewart Enterprises, Inc.
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
860370-10-5
(CUSIP Number)
*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).
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CUSIP No. 860370-10-5
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1) Name of Reporting Person
I.R.S. Identification No. of Above Person (entities only)
Frank B. Stewart, Jr.
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)....................................................... _____
(b)....................................................... _____
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3) SEC Use Only
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4) Citizenship or Place of Organization
United States of America
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Number of (5) Sole Voting Power ......... 3,669,734 shares - Class A*
Shares Bene- 1,777,510 shares - Class B
ficially (convertible into equal
Owned by number of Class A)*
Each Reporting
Person
With ---------------------------------------------------------------
(6) Shared Voting Power........ 226,900 shares - Class A*
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(7) Sole Dispositive Power..... 3,669,734 shares - Class A*
1,777,510 shares - Class B
(convertible into equal
number of Class A)*
---------------------------------------------------------------
(8) Shared Dispositive Power... 226,900 shares - Class A*
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9) Aggregate Amount Beneficially Owned by
Each Reporting Person.................... 3,896,634 shares - Class A*
1,777,510 shares - Class B*
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10) Check if the Aggregate Amount in Row (9)
Excludes Certain Shares
(See Instructions).......................
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11) Percent of Class Represented by Amount
in Row (9)............................... 8.3% - Class A*
100% - Class B*
*As of December 31, 1997.
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12) Type of Reporting Person
(See Instructions)....................... IN
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Item 1(a) Name of Issuer:
Stewart Enterprises, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
110 Veterans Memorial Boulevard
Metairie, Louisiana 70005
Item 2(a) Name of Person Filing:
Frank B. Stewart, Jr.
Item 2(b) Address of Principal Business Office:
110 Veterans Memorial Boulevard
Metairie, Louisiana 70005
Item 2(c) Citizenship:
United States
Item 2(d) Title of Class of Securities:
Class A Common Stock, no par value and
Class B Common Stock, no par value
Item 2(e). CUSIP Number:
860370-10-5
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 Adviser registered under section 203
of the Investment Advisers 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; see Section 240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with Section
240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) [ ] Group, in accordance with Section 240.13d.13d-1(b)(1)
(ii)(H)
Item 4. Ownership:
(a) Amount Beneficially Owned......... 3,896,634 shares - Class A*
1,777,510 shares - Class B*
(b) Percent of Class .............................. 8.3% Class A*
100% Class B*
(c) Number of shares as to which such person has:
(i) sole power to vote or to
direct the vote.............. 3,669,734 shares - Class A*
1,777,510 shares - Class B*
(ii) shared power to vote or to
direct the vote.............. 226,900 shares - Class A*
(iii) sole power to dispose or to
direct the disposition of... 3,669,734 shares - Class A*
1,777,510 shares - Class B*
(iv) shared power to dispose or to
direct the disposition of..... 226,900 shares - Class A*
*As of December 31, 1997
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 5 percent of the class of
securities, check the following [ ] .
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
The Frank B. Stewart, Jr. Foundation (a non-profit corporation)
has the right to receive dividends from, and proceeds from the sale of,
226,900 shares owned by it with respect to which Mr. Stewart shares voting
and investment power.
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.
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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 as of December 31, 1997.
February 12, 1998 /s/ Frank B. Stewart, Jr.
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Date Frank B. Stewart, Jr.
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