<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 1 to
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Perot Systems Corporation
-----------------------------------------
(Name of Issuer)
Class A Common Stock
-----------------------------------------
(Title of Class of Securities)
714265 10 5
-----------------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ].
(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
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).
(Continued on following page(s))
Page 1 of 6 Pages
<PAGE> 2
CUSIP No. 714265 10 5 13G Page 2 of 6 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Morton H. Meyerson
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
4,029,190
SHARES -------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
4,029,190
PERSON ------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
0
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,029,190
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.5 percent
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
<PAGE> 3
CUSIP No. 714265 10 5 13G Page 3 of 6 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Meyerson Family Limited Partnership
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
75-2442891
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
4,000,000
SHARES -------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
4,000,000
PERSON ------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
0
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,000,000
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.4 percent
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 4
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 10549
---------------------------------
SCHEDULE 13G UNDER THE SECURITIES
EXCHANGE ACT OF 1934
---------------------------------
Item 1. (a). Name of Issuer:
Perot Systems Corporation
(b). Address of Issuer's Principal Executive Offices:
12377 Merit Drive, Suite 1100, Dallas, Texas 75251
Item 2. (a). Name of Person Filing:
Morton H. Meyerson
Meyerson Family Limited Partnership
(b). Address of Principal Business Office:
4514 Cole Avenue, Dallas, Texas 75205
(c). Citizenship:
USA
(d). Title of Class of Securities:
Class A Common Stock
(e). CUSIP Number:
714265 10 5
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the person filing is a:
Not Applicable
Page 4 of 6 Pages
<PAGE> 5
Item 4A. Ownership by Meyerson Family Limited Partnership
(a). Amount Beneficially Owned:
4,000,000
(b). Percent of Class:
10.4 percent
(c). Number of Shares as to which Meyerson Family Limited
Partnership has:
(i) sole power to vote or to direct the vote
4,000,000
(ii) shared power to vote or to direct the vote
0
(iii) sole power to dispose or to direct the disposition
of
4,000,000
(iv) shared power to dispose or to direct the
disposition of
0
Item 4B. Ownership by Morton H. Meyerson
(a). Amount Beneficially Owned:
4,029,190*
(b). Percent of Class:
10.5 percent
(c). Number of Shares as to which Morton H. Meyerson has:
(i) sole power to vote or to direct the vote
4,029,190*
(ii) shared power to vote or to direct the vote
0
(iii) sole power to dispose or to direct the disposition
of
4,029,190*
(iv) shared power to dispose or to direct the
disposition of
0
*Mr. Meyerson is the General Partner of the Meyerson Family Limited Partnership.
He is also the trustee of four trusts that own an aggregate of 27,200 shares.
The Issuer's 401(k) plan holds 1,990 shares for Mr. Meyerson's benefit.
Page 5 of 6 Pages
<PAGE> 6
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 Subsidiaries 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 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.
Meyerson Family Limited Partnership
By: /S/ Morton H. Meyerson
--------------------------
Morton H. Meyerson
Title: General Partner
/S/ Morton H. Meyerson
---------------------------
Morton H. Meyerson
February 14, 1998
Page 6 of 6 Pages
