LIVING CENTERS OF AMERICA INC
SC 13G, 1996-05-09
SKILLED NURSING CARE FACILITIES
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                                UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C.  20549


                                 SCHEDULE 13G


                  UNDER THE SECURITIES EXCHANGE ACT OF 1934
                             (AMENDMENT NO.         )*



                       Living Centers of America, Inc.
- --------------------------------------------------------------------------------
                               (Name of Issuer)


                    Common Stock, par value $.01 per share
- --------------------------------------------------------------------------------
                        (Title of Class of Securities)

                                  538388109
                     -----------------------------------
                                (CUSIP Number)



Check the following box if a fee is being paid with the statement /X/. (A fee
is not required only if the filing person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)

*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>   2
CUSIP No. 538388109                 13G                        Page 2 of 4 Pages



- --------------------------------------------------------------------------------
 1    NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      A I M Management Group Inc., on behalf of itself and its wholly-owned
      subsidiaries, A I M Advisors, Inc. and A I M Capital Management, Inc.
      I.D. No. 74-1881407
- --------------------------------------------------------------------------------
 2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*       
                                                             (a) /  /
                                                             (b) /  /

- --------------------------------------------------------------------------------
 3    SEC USE ONLY



- --------------------------------------------------------------------------------
 4    CITIZENSHIP OR PLACE OF ORGANIZATION


      State of Delaware
- --------------------------------------------------------------------------------
                               5     SOLE VOTING POWER

          NUMBER OF            
                               
           SHARES              -------------------------------------------------
                               6     SHARED VOTING POWER                        
        BENEFICIALLY           
                               
          OWNED BY                   2,517,400
                               ------------------------------------------------
            EACH               7     SOLE DISPOSITIVE POWER
                    
          REPORTING 
                               
           PERSON              ------------------------------------------------
                               8     SHARED DISPOSITIVE POWER                  
            WITH    
                               
                                     2,517,400
- ------------------------------------------------------------------------------- 
 9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON


      2,517,400
- --------------------------------------------------------------------------------
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*



- --------------------------------------------------------------------------------
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9


      12.4%
- --------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON*


      HC
- --------------------------------------------------------------------------------



                     *SEE INSTRUCTION BEFORE FILLING OUT!


                              Page 2 of 4 pages

<PAGE>   3
                                  SCHEDULE 13G



Item 1(a)        NAME OF ISSUER:
                 Living Centers of America, Inc.

Item 1(b)        ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
                 15415 Katy Freeway, Suite 800
                 Houston, TX  77094

Item 2(a)        NAME OF PERSON FILING:
                 A I M  Management Group Inc.

Item 2(b)        ADDRESS OF PRINCIPAL BUSINESS OFFICE:
                 11 Greenway Plaza, Suite 1919
                 Houston, Texas  77046

Item 2(c)        CITIZENSHIP:
                 State of Delaware

Item 2(d)        TITLE OF CLASS OF SECURITIES:
                 Common Stock, par value $.01 per share

Item 2(e)        CUSIP NUMBER:
                 538388109

Item 3           TYPE OF REPORTING PERSON:
                 Parent Holding Company, in accordance with section
                 240.13d-1(b)(ii)(G)

Item 4(a)        AMOUNT BENEFICIALLY OWNED AS OF MARCH 31, 1996:
                 2,517,400 shares of common stock

Item 4(b)        PERCENT OF CLASS:
                 12.4%

Item 4(c)        DEEMED VOTING POWER AND DISPOSITION POWER:
<TABLE>
                 <S>                                                                 <C>
                 (i)   sole power to vote or to direct the vote:                     N/A
                 (ii)  shared power to vote or to direct the vote:                   2,517,400
                 (iii) sole power to dispose or to direct the disposition of:        N/A
                 (iv)  shared power to dispose or to direct the disposition of:      2,517,400
</TABLE>

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




                              Page 3 of 4 pages
<PAGE>   4
Item 7           IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
                 ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
                 COMPANY:
                 A I M Advisors, Inc. and A I M Capital Management, Inc.,
                 Investment Advisers registered under Section 203 of the
                 Investment Advisers Act

Item 8           IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
                 N/A

Item 9           NOTICE OF DISSOLUTION OF A GROUP:
                 N/A

Item 10          CERTIFICATION:
                 By signing below I certify that, to the best of my knowledge
                 and belief, the securities referred to above were acquired in
                 the ordinary course of business and were not acquired for the
                 purpose of and do not have the effect of changing or
                 influencing the control of the issuer of such securities and
                 were not acquired in connection with or as a participant in
                 any transaction having such purposes 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.


                 Date:  May 9, 1996                  A I M Management Group Inc.




                                                     Carol F. Relihan
                                                     Vice President, Secretary 
                                                     and General Counsel





                               Page 4 of 4 pages


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