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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. 3 )*
--------
Natural Wonders, Inc.
---------------------
(Name of Issuer)
Common Stock, $.01 par value
----------------------------
(Title of Class of Securities)
0006390141
----------
(CUSIP Number)
December 31, 1998
-----------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[_] Rule 13d-1(b)
[_] Rule 13d-1(c)
[X] Rule 13d-1(d)
*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 14 pages
<PAGE>
CUSIP No. 0006390141 13G Page 2 of 14 pages
----------
===============================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Consumer Venture Partners I, L.P.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware limited partnership
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF -0- Shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,170,720 Shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0- Shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,170,720 Shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,170,720 Shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
14.74%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
PN
- ------------------------------------------------------------------------------
<PAGE>
CUSIP No. 0006390141 13G Page 3 of 14 pages
----------
===============================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Consumer Venture Associates, L.P.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware limited partnership
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF -0- Shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,170,720 Shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0- Shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,170,720 Shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,170,720 Shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
14.74%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
PN
- ------------------------------------------------------------------------------
<PAGE>
CUSIP No. 0006390141 13G Page 4 of 14 pages
----------
===============================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Consumer Venture Partners II, L.P.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware limited partnership
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF -0- Shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,170,720 Shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0- Shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,170,720 Shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,170,720 Shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
14.74%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
PN
- ------------------------------------------------------------------------------
<PAGE>
CUSIP No. 0006390141 13G Page 5 of 14 pages
----------
===============================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Consumer Venture Associates II, L.P.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware limited partnership
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF -0- Shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,170,720 Shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0- Shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,170,720 Shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,170,720 Shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
14.74%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
PN
- ------------------------------------------------------------------------------
<PAGE>
CUSIP No. 0006390141 13G Page 6 of 14 pages
----------
===============================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Pearson C. Cummin III
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 24,001 Shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,170,720 Shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 24,001 Shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,170,720 Shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,194,721 Shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
15.04%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
- ------------------------------------------------------------------------------
<PAGE>
CUSIP No. 0006390141 13G Page 7 of 14 pages
----------
===============================================================================
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Christopher P. Kirchen
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF -0- Shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,170,720 Shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0- Shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,170,720 Shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,170,720 Shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
14.74%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
- ------------------------------------------------------------------------------
<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:
----------------------------------------------
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,
1998. 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, 1998, Mr. Cummin may be deemed to
beneficially own an additional 24,001 shares of Common Stock.
Mr. Cummin expressly disclaims beneficial ownership of these
24,001 shares.
Page 8 of 14 pages
<PAGE>
(b) Percent of Class: CVP I: 14.74%; CVP II: 14.74%; Consumer
Associates: 14.74%; Consumer Associates II: 14.74%; Mr. Cummin:
15.04%; Mr. Kirchen: 14.74%. The foregoing percentages are
calculated based on the 7,943,489 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 31, 1998.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 24,001 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:
24,001 shares for Mr. Cummin; 0 shares for all other
reporting persons.
(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
Page 9 of 14 pages
<PAGE>
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)(J).
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) or 13d-1(c).
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 12, 1999
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(k)(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 12, 1999
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
