<PAGE>
/------------------------------/
/ OMB APPROVAL /
/------------------------------/
/ OMB Number: 3235-0104 /
/ Expires: September 30, 1998 /
/ Estimated average burden /
/ hours per response...... 0.5 /
/------------------------------/
+--------+
| FORM 3 | U.S. SECURITIES AND EXCHANGE COMMISSION
+--------+ WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
--------------------------------------------------------------------------------
1. Name and Address of Reporting Person*
Brown's Dock, L.L.C.
----------------------------------------------------------------------------
(Last) (First) (Middle)
56 Prospect Street
----------------------------------------------------------------------------
(Street)
Hartford Connecticut 06115
----------------------------------------------------------------------------
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year) 06/13/00
--------------
3. IRS Identification Number of Reporting Person if an Entity
(Voluntary)
--------------
4. Issuer Name and Ticker or Trading Symbol Southwestern Life Holdings, Inc.
-----------------------------------
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
X
___ Director ___ Officer ___ 10% Owner ___ Other
(give title below) (specify below)
----------------------------------------------------------------------------
6. If Amendment, Date of Original (Month/Day/Year)
----------------------------
7. Individual or Joint Group Filing (Check Applicable Line)
____ Form Filed by One Reporting Person
X
____ Form filed by More than One Reporting Person
TABLE I--NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------
1. Title 2. Amount of 3. Ownership Form: 4. Nature of
of Securities Bene- Direct (D) or Indirect Bene-
Security ficially Owned Indirect (I) ficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5)
--------------------------------------------------------------------------------
<S> <C> <C> <C>
Common Stock 530,257 D
--------------------------------------------------------------------------------
Common Stock 2,268,706 I (1)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
</TABLE>
TABLE II--DERIVATIVE SECURITIES BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative 2. Date Exer- 3. Title and Amount of Securities 4. Conversion 5. Ownership 6. Nature of In-
Security (Instr. 4) cisable and Underlying Derivative Security or Form of direct Bene-
Expiration (Instr. 4) Exercise Derivative ficial
Date Price Security: Ownership
(Month/Day/ of Direct (D) (Instr. 5)
Year) Derivative or In-
---------------------------------------------------- Security direct (I)
Date Expira- Amount or (Instr. 5)
Exer- tion Title Number of
cisable Date Shares
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(1) The Reporting Persons constitute a "group" for purposes of Section 13(d)(3)
of the Act, and therefore, each Reporting Person is deemed to have
beneficial ownership of 2,798,963 shares of Common Stock.
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Explanation of Responses:
/s/ James L. Leaner, P.C.
------------------------------- -----------------
**Signature of Reporting Person Date
James L. Leaner, P.C. pursuant to a Power of
Attorney being filed with the Commission
* If the form is filed by more than one reported person, see Instruction
5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, See Instruction 6 for procedure.
<PAGE>
Attachment to Form 3
--------------------
Pursuant to Instruction 5(b)(v) of the General Instructions to Form 3,
this Form 3 is also being filed on behalf of the Reporting Persons set forth
below. All of the information set forth in the attached Form 3 for Brown's
Dock, L.L.C. is the same for the Reporting Persons set forth below unless
otherwise noted.
Designated Filer: Brown's Dock, L.L.C.
Date of Event Requiring Statement: 6/13/00
Issuer: Southwestern Life Holdings, Inc.
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------
Nature of
Amount of Indirect
Securities Ownership Form: Beneficial
Name and Address of Reporting Person Title of Security Beneficially Direct (D) or Indirect (I) Ownership
Owned
---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Inverness/Phoenix Partners LP (A) Common Stock 2,194,918 D
---------------------------------------------------------------------------------------------------------------------------
Inverness/Phoenix Partners LP Common Stock 604,045 I (1)
---------------------------------------------------------------------------------------------------------------------------
Executive Capital Partners I LP (A) Common Stock 73,788 D
---------------------------------------------------------------------------------------------------------------------------
Executive Capital Partners I LP Common Stock 2,725,175 I (1)
---------------------------------------------------------------------------------------------------------------------------
Phoenix Home Life Mutual Insurance Company (B) Common Stock 2,798,967 I (2)
--------------------------------------------------------------------------------------------------------------------------
Phoenix Investment Partners, Ltd. (C) Common Stock 2,798,967 I (3)
---------------------------------------------------------------------------------------------------------------------------
Inverness Phoenix Capital LLC (A) Common Stock 2,798,967 I (4)
---------------------------------------------------------------------------------------------------------------------------
Inverness Management Fund I LLC (A) Common Stock 2,798,967 I (5)
---------------------------------------------------------------------------------------------------------------------------
WMD LLC (A) Common Stock 2,798,967 I (6)
---------------------------------------------------------------------------------------------------------------------------
J.C. Comis LLC (A) Common Stock 2,798,967 I (7)
---------------------------------------------------------------------------------------------------------------------------
W. McComb Dunwoody (A) Common Stock 2,798,967 I (8)
---------------------------------------------------------------------------------------------------------------------------
James C. Comis, III (A) Common Stock 2,798,967 I (9)
---------------------------------------------------------------------------------------------------------------------------
DCPM Holdings, Inc. (C) Common Stock 2,798,967 I (10)
---------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 3 of 5
<PAGE>
(A) 660 Steamboat Road, Greenwich, Connecticut 06830
(B) 1 American Row, Hartford, Connecticut, 06115
(C) 56 Prospect, Hartford, Connecticut 06115.
(2) Phoenix Home Life Mutual Insurance Company ("Phoenix") is a member of
Brown's Dock, L.L.C. ("Brown's Dock").
(3) Phoenix Investment Partners, Ltd. is a member of Brown's Dock.
(4) Inverness/Phoenix Capital LLC (the "General Partner") is the general partner
of Inverness/Phoenix Partner LP and Executive Capital Partners I LP.
(5) Inverness Management Fund I ("Inverness") is a member of Brown's Dock and a
member of the General Partner.
(6) WMD LLC ("WMD") is a controlling member of Inverness.
(7) J.C. Comis LLC ("JCC") is a controlling member of Inverness
(8) W. McComb Dunwoody is a controlling member of WMD.
(9) James C. Comis, III is a controlling member of JCC and a director of the
Issuer.
(10) DCPM Holdings, Inc. is a member of the General Partner.
Page 4 of 5
<PAGE>
Signature of Reporting Persons:
BROWN'S DOCK, L.L.C.
INVERNESS/PHOENIX PARTNERS LP
EXECUTIVE CAPITAL PARTNERS I LP
INVERNESS/PHOENIX CAPITAL LLC
DCPM HOLDINGS, INC.
PHOENIX HOME LIFE MUTUAL INSURANCE COMPANY
PHOENIX INVESTMENT PARTNERS, LTD.
INVERNESS MANAGEMENT FUND I LLC
WMD LLC
J.C. COMIS LLC
W. McComb Dunwoody
James C. Comis III
By: /s/ James L. Leaner
____________________________________
Name: James L. Leaner, P.C.
Title: Attorney-in-Fact
(Pursuant to a Power of Attorney filed
with the Commission)
Page 5 of 5
