UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934*
(AMENDMENT NO. 2)
STEWART ENTERPRISES, INC.
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(Name of Issuer)
CLASS A COMMON STOCK
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(Title of Class of Securities)
860370-10-5
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(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).
<PAGE>
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......... 7,290,434 shares - Class A*
Shares 3,555,020 shares - Class B
Bene- (convertible into equal
ficially number of Class A)*
Owned by -----------------------------------------------------------
Each
Reporting (6) Shared Voting Power......... 453,500 shares - Class A*
Person -----------------------------------------------------------
With
(7) Sole Dispositive Power.... 7,290,434 shares - Class A*
3,555,020 shares - Class B
(convertible into equal
number of Class A)*
-----------------------------------------------------------
(8) Shared Dispositive Power.... 453,500 shares - Class A*
- --------------------------------------------------------------------------
9) Aggregate Amount Beneficially Owned by Each
Reporting Person ................... 7,743,934 shares - Class A*
3,555,020 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) ............................ 8.2% - Class A*
100% - Class B*
*As of December 31, 1998.
<PAGE>
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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 ..... 7,743,934 shares - Class A*
3,555,020 shares - Class B*
(b) Percent of Class .................... 8.2% 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........... 7,290,434 shares - Class A*
3,555,020 shares - Class B*
(ii) shared power to vote or to
direct the vote............. 453,500 shares - Class A*
(iii) sole power to dispose or to direct
the disposition of....... 7,290,434 shares - Class A*
3,555,020 shares - Class B*
(iv) shared power to dispose or to
direct the disposition of... 453,500 shares - Class A*
*As of December 31, 1998
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 [ ].
<PAGE>
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, 453,500
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.
<PAGE>
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, 1998.
FEBRUARY 11, 1999 /S/ Frank B. Stewart, Jr.
Date --------------------------
Frank B. Stewart, Jr.
