<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULE 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED PURSUANT
TO 13d-2(b)
(Amendment No. 3)*
Natural Wonders, Inc.
--------------------------
(Name of Issuer)
Common Stock, $.01 par value
----------------------------------
(Title of Class of Securities)
0006390141
--------------------
(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 (the "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).
SEC 1745 (2/92) Page 1 of 14 pages
<PAGE>
- -------------------- 13G ------------------
CUSIP No. 0006390141 Page 2 of 13 pages
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Consumer Venture Partners I, L.P.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware limited partnership
- -------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
-0- Shares
--------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 1,170,720 Shares
OWNED BY ---------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0- Shares
PERSON ----------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,170,720 Shares
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,170,720 Shares
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN / /
SHARES*
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.61%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 14 pages
<PAGE>
- -------------------- 13G ------------------
CUSIP No. 0006390141 Page 3 of 13 pages
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Consumer Venture Associates, L.P.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware limited partnership
- -------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
-0- Shares
--------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 1,170,720 Shares
OWNED BY ---------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0- Shares
PERSON ----------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,170,720 Shares
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,170,720 Shares
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN / /
SHARES*
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.61%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 14 pages
<PAGE>
- -------------------- 13G ------------------
CUSIP No. 0006390141 Page 4 of 13 pages
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Consumer Venture Partners II, L.P.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware limited partnership
- -------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
-0- Shares
--------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 1,170,720 Shares
OWNED BY ---------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0- Shares
PERSON ----------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,170,720 Shares
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,170,720 Shares
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN / /
SHARES*
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.61%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 14 pages
<PAGE>
- -------------------- 13G ------------------
CUSIP No. 0006390141 Page 5 of 13 pages
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Consumer Venture Associates II, L.P.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware limited partnership
- -------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
-0- Shares
--------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 1,170,720 Shares
OWNED BY ---------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0- Shares
PERSON ----------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,170,720 Shares
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,170,720 Shares
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN / /
SHARES*
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.61%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 14 pages
<PAGE>
- -------------------- 13G ------------------
CUSIP No. 0006390141 Page 6 of 13 pages
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Pearson C. Cummin III
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
20,001 Shares
--------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 1,170,720 Shares
OWNED BY ---------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 20,001 Shares
PERSON ----------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,170,720 Shares
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,190,721 Shares
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN / /
SHARES*
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.86%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 14 pages
<PAGE>
- -------------------- 13G ------------------
CUSIP No. 0006390141 Page 7 of 13 pages
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Christopher P. Kirchen
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
-0- Shares
--------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 1,170,720 Shares
OWNED BY ---------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0- Shares
PERSON ----------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,170,720 Shares
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,170,720 Shares
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN / /
SHARES*
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.61%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 14 pages
<PAGE>
Item 1(a). Name of Issuer: Natural Wonders, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices: 30031 Ahern
Street, Union City, California 94587.
Item 2(a). Names of Persons Filing: Consumer Venture Partners I, L.P.
("CVP I"), Consumer Venture Associates, L.P. ("Consumer
Associates"), Consumer Venture Partners II, L.P. ("CVP II"),
Consumer Venture Associates II, L.P. ("Consumer Associates
II"), Pearson C. Cummin III and Christopher P. Kirchen.
Messrs. Cummin and Kirchen (collectively, the "General
Partners") are the general partners of Consumer Associates,
the sole general partner of CVP I, and Consumer Associates II,
the sole general partner of CVP II.
Item 2(b). Address of Principal Business Office or, if None, Residence:
The address of the principal business office of CVP I, CVP II,
Consumer Associates, Consumer Associates II and each of the
General Partners is Consumer Venture Group, Inc., Three
Pickwick Plaza, Greenwich, CT 06830.
Item 2(c). Citizenship: CVP I, CVP II, Consumer Associates and Consumer
Associates II are limited partnerships organized under the
laws of the State of Delaware. Each of the General Partners
is a United States citizen.
Item 2(d). Title of Class of Securities: Common Stock, $.01 par value.
Item 2(e). CUSIP Number: 0006390141
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
Securities Exchange Act of 1934 (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 of 1940.
(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
Rule 13d-1(b)(1)(ii)(F) of the Act.
Page 8 of 14 pages
<PAGE>
(g) [ ] Parent Holding Company, in accordance with Rule
13d-1(b)(ii)(G) of the Act.
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H) of
the Act.
Not Applicable.
Item 4. Ownership.
(a) Amount Beneficially Owned: Each of CVP I, CVP II,
Consumer Associates and Consumer Associates II
(individually as "Entity" and collectively the
"Entities") may be deemed to own beneficially 1,170,720
shares of Common Stock as of December 31, 1997. CVP I is
the record owner of 969,270 shares and CVP II is the
record owner of 201,450 shares. (The shares held of
record by CVP I and CVP II are referred to collectively
herein as the "Record Shares"). By virtue of the
affiliate relationships among the Entities, each Entity
may be deemed to own beneficially all of the Record
Shares. Hence, each Entity may be deemed to own
beneficially 1,170,720 shares of Common Stock.
Additionally, in their capacities as individual general
partners of Consumer Associates and Consumer Associates
II, each of the General Partners may be deemed to own
beneficially 1,170,720 shares of Common Stock. By virtue
of having options exercisable within 60 days of December
31, 1997, Mr. Cummin may be deemed to beneficially own an
additional 20,001 shares of Common Stock. Mr. Cummin
expressly disclaims beneficial ownership of these 20,001
shares.
(b) Percent of Class: CVP I: 14.61%; CVP II: 14.61%;
Consumer Associates: 14.61%; Consumer Associates II:
14.61%; Mr. Cummin: 14.86%; Mr. Kirchen: 14.61%. The
foregoing percentages are calculated based on the
8,015,164 shares of Common Stock reported to be
outstanding in the Quarterly Report on Form 10-Q of
Natural Wonders, Inc. for the quarter ended October 30,
1997.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 20,001
shares for Mr. Cummin; 0 shares for all other
reporting persons.
(ii) shared power to vote or to direct the vote: CVP
I: 1,170,720 shares; CVP II: 1,170,720 shares;
Consumer Associates: 1,170,720 shares; Consumer
Associates II: 1,170,720 shares; each of the
General Partners: 1,170,720.
(iii) sole power to dispose or to direct the disposition
of: 20,001 shares for Mr. Cummin; 0 shares for
all other reporting persons.
Page 9 of 14 pages
<PAGE>
(iv) shared power to dispose or to director the
disposition of: CVP I: 1,170,720 shares; CVP II:
1,170,720 shares; Consumer Associates: 1,170,720
shares; Consumer Associates II: 1,170,720 shares;
each of the General Partners: 1,170,720.
Each of CVP I, CVP II, Consumer Associates, Consumer
Associates II and each of the General Partners expressly
disclaims beneficial ownership of any shares of Common Stock
of Natural Wonders, Inc. reported herein to be beneficially
owned by them, except in the case of CVP I, for the 969,270
shares which it holds of record, and in the case of CVP II,
for the 201,450 shares which it holds of record.
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable.
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. CVP I, CVP II, Consumer Associates, Consumer
Associates II and each of the General Partners expressly
disclaim membership in a "group" as defined in Rule
13d-1(b)(ii)(H).
Item 9. Note of Dissolution of Group.
Not Applicable.
Item 10. Certification.
Not applicable. This statement on Schedule 13G is not filed
pursuant to Rule 13d-1(b).
Page 10 of 14 pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief,
each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: February 11, 1998
CONSUMER VENTURE PARTNERS I, L.P.
By: Consumer Venture Associates, L.P.
By: /s/ Pearson C. Cummin III
----------------------------
Pearson C. Cummin III
General Partner
CONSUMER VENTURE ASSOCIATES, L.P.
By: /s/ Pearson C. Cummin III
---------------------------
Pearson C. Cummin III
General Partner
CONSUMER VENTURE PARTNERS II, L.P.
By: Consumer Venture Associates II, L.P.
By: /s/ Pearson C. Cummin III
-----------------------------
Pearson C. Cummin III
General Partner
CONSUMER VENTURE ASSOCIATES II, L.P.
By: /s/ Pearson C. Cummin III
------------------------------
Pearson C. Cummin III
General Partner
/s/ Pearson C. Cummin III
- --------------------------
Pearson C. Cummin III
*
- --------------------------
Christopher P. Kirchen
*By: /s/ Pearson C. Cummin III
---------------------------
Pearson C. Cummin III
Attorney-in-Fact
_____________________________________________________________________________
This Schedule 13G was executed by Pearson C. Cummin III pursuant to Powers of
Attorney filed with the Securities and Exchange Commission on February 16, 1993,
in connection with a Schedule 13G for Natural Wonders, Inc., which Powers of
Attorney are incorporated herein by reference and copies of which are attached
hereto as Exhibit 2.
Page 11 of 14 pages
<PAGE>
EXHIBIT I
Pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of 1934,
the undersigned hereby agree that only one statement containing the
information required on Schedule 13G need be filed with respect to ownership
by each of the undersigned of shares of Common Stock of Natural Wonders, Inc.
This Agreement may be executed in any number of counterparts, each of
which shall be deemed an original.
Dated: February 11, 1998
CONSUMER VENTURE PARTNERS I, L.P.
By: Consumer Venture Associates, L.P.
By: /s/ Pearson C. Cummin III
----------------------------
Pearson C. Cummin III
General Partner
CONSUMER VENTURE ASSOCIATES, L.P.
By: /s/ Pearson C. Cummin III
----------------------------
Pearson C. Cummin III
General Partner
CONSUMER VENTURE PARTNERS II, L.P.
By: Consumer Venture Associates II, L.P.
By: /s/ Pearson C. Cummin III
---------------------------
Pearson C. Cummin III
General Partner
CONSUMER VENTURE ASSOCIATES II, L.P.
By: /s/ Pearson C. Cummin III
---------------------------
Pearson C. Cummin III
General Partner
/s/ Pearson C. Cummin III
- ---------------------------
Pearson C. Cummin III
Page 12 of 14 pages
<PAGE>
*
- -------------------------
Christopher P. Kirchen
*By: /s/ Pearson C. Cummin III
---------------------------
Pearson C. Cummin III
Attorney-in-Fact
_____________________________________________________________________________
This Agreement was executed pursuant to Powers of Attorney filed with the
Securities and Exchange Commission on February 16, 1993, in connection with a
Schedule 13G for Natural Wonders, Inc., which Powers of Attorney are
incorporated herein by reference and copies of which are attached hereto as
Exhibit 2.
Page 13 of 14 pages
<PAGE>
EXHIBIT II
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below hereby constitutes and appoints Pearson C. Cummin III and Christopher
P. Kirchen, and each of them, with full power to act without the other, his
true and lawful attorney-in-fact, with full power of substitution, to sign
any and all instruments, certificates and documents that may be necessary,
desirable or appropriate to be executed on behalf of himself as an individual
or in his capacity as a general partner of any partnership, pursuant to
section 13 or 16 of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), and any and all regulations promulgated thereunder, and to
file the same, with all exhibits thereto, and any other documents in
connection therewith, with the Securities and Exchange Commission, and with
any other entity when and if such is mandated by the Exchange Act or by the
By-laws of the National Association of Securities Dealers, Inc., granting
unto said attorney-in-fact full power and authority to do and perform each
and every act and thing necessary, desirable or appropriate, fully to all
intents and purposes as he might or could do in person, thereby ratifying and
confirming all that said attorney-in-fact, or his substitutes, may lawfully
do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the
10th day of February, 1993.
/s/Pearson C. Cummin III
--------------------------
Pearson C. Cummin III
/s/G. Clinton Merrick
---------------------------
G. Clinton Merrick
/s/Christopher P. Kirchen
----------------------------
Christopher P. Kirchen
Page 14 of 14 pages
