<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Silverado Foods, Inc.
-------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value
-------------------------------------------------------------
(Title of Class of Securities)
828342 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).
Page 1 of 4 Pages
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 828342 10 5 13G PAGE 2 OF 4 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Texas Growth Fund - 1991 Trust
74-6399808
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
State of Texas
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 271,700
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
-0-
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 271,700
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
-0-
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
271,7000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
2.4%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
00
- ------------------------------------------------------------------------------
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 828342 10 5 13G PAGE 3 OF 4 PAGES
- ----------------------- ---------------------
Item 1(a). Name of Issuer: Silverado Foods, Inc.
- --------------------------
Item 1(b). Address of Issuer's Principal Executive Offices:
- -----------------------------------------------------------
6846 South Canton, Suite 110
Tulsa, OK 74136
Item 2(a). Name of Person(s) Filing: The Texas Growth Fund - 1991 Trust
- ------------------------------------
Item 2(b). Address of Principal Business Office or, if none, Residence:
- -----------------------------------------------------------------------
100 Congress Avenue, Suite 980
Austin, Texas 78701
Item 2(c). Citizenship: Not Applicable
- -----------------------
Item 2(d). Title of Class of Securities: Common Stock, par value $.01 per share
- ----------------------------------------
Item 2(e). CUSIP Number: 828342 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: Not Applicable
------------------------------------
Item 4. Ownership:
- ---------------------
(a) Amount Beneficially Owned: 271,700 shares*
(b) Percent of Class: 2.4%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 271,700*
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition of:
271,700*
(iv) shared power to dispose or to direct the disposition of:
-0-
- --------------------
*TGF Management Corp. is the Executive Director of The Texas Growth
Fund-1991 Trust ("Texas Growth Fund"). However, sole investment and voting
power with respect to these shares is exercised by the Board of Trustees of the
Texas Growth fund which is comprised of nine individuals who are selected in
accordance with certain statutorily defined procedures.
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 828342 10 5 13G PAGE 4 OF 4 PAGES
- ----------------------- ---------------------
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:
- ------------------------------------------------------------------------
Various persons have the right to receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of, the shares of Common Stock of
Silverado Foods, Inc. reported herein.
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 the Group: Not Applicable
- -------------------------------------------
Item 10. Certification: Not Applicable
- ----------------------
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.
Date: February 9, 1998 THE BOARD OF TRUSTEES OF THE
TEXAS GROWTH FUND, AS TRUSTEE
FOR THE TEXAS GROWTH FUND-1991
TRUST
By: TGF Management Corp.,
as Executive Director
By: /s/ Janet Waldeier
----------------------------------
Janet Waldeier
Vice President-Administration
