CHICOS FAS INC
SC 13D/A, 1996-04-10
WOMEN'S CLOTHING STORES
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13D
                    Under the Securities Exchange Act of 1934

                                (Amendment No. 2)

                                CHICO'S FAS, INC.
- --------------------------------------------------------------------------------
                                (Name of Issuer)


                          Common Stock, $0.10 Par Value
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   168615-10-2
                  --------------------------------------------
                                 (CUSIP Number)

                                Mr. Daniel L. Nir
                             100 Jericho Quadrangle
                                    Suite 212
                                Jericho, NY 11753
                                 (212) 319-4100

                                -with copies to-

                            Joseph F. Mazzella, Esq.
                             Lane Altman & Owens LLP
                               101 Federal Street
                           Boston, Massachusetts 02110
                                 (617) 345-9800
- --------------------------------------------------------------------------------
           (Name, Address and Telephone Number of Person Authorized to
                       Receive Notices and Communications)

                                  April 2, 1996
                     ---------------------------------------
             (Date of Event which Requires Filing of this Statement)

If the filing person has previously  filed a statement on Schedule 13G to report
the  acquisition  which is the subject of this  Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].

Check the following box if a fee is being paid with the statement. [ ] (A fee is
not required only if the reporting 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.)

Note: Six copies of this statement, including all exhibits, should be filed with
the  Commission.  See Rule  13-d(a)  for other  parties to whom copies are to be
sent.

*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
disclosures provided in a prior cover page.

The information required on 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>


                                  SCHEDULE 13D


CUSIP No.  168615-10-2                        Page    2    of     15    Pages
        -----------------                        ------       ------

- --------------------------------------------------------------------------------
1   Name of Reporting Person
    S.S. or I.R.S. Identification No. of Above Person   Gotham Capital III, L.P.
- --------------------------------------------------------------------------------
2   Check the Appropriate Box if a Member of a Group*                   (a)[ ]
                                                                        (b)[X]
- --------------------------------------------------------------------------------
3   SEC Use Only
- --------------------------------------------------------------------------------
4   Source of Funds*       WC, OO
- --------------------------------------------------------------------------------
5   Check Box if Disclosure of Legal Proceeding is Required Pursuant to Items
    2(d) or 2(e)    [ ]

- --------------------------------------------------------------------------------
6   Citizenship or Place of Organization    Delaware
- --------------------------------------------------------------------------------
  Number of          7     Sole Voting Power         38,700
  Shares             ___________________________________________________________

  Beneficially       8     Shared Voting Power       0
  Owned by           ___________________________________________________________

  Each               9     Sole Dispositive Power    38,700
  Reporting          ___________________________________________________________

  Person With        10  Shared Dispositive Power    0
- --------------------------------------------------------------------------------
11  Aggregate Amount Beneficially Owned by Each Reporting Person       38,700
- --------------------------------------------------------------------------------
12  Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*  [ ]
- --------------------------------------------------------------------------------
13  Percent of Class Represented by Amount in Row (11)        0.50%
- --------------------------------------------------------------------------------
14  Type of Reporting Person*  PN
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!
          INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
      (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.


<PAGE>


                                  SCHEDULE 13D


CUSIP No.  168615-10-2                             Page   3    of   15   Pages
         -------------                                -----     ------

- --------------------------------------------------------------------------------
1   Name of Reporting Person
    S.S. or I.R.S. Identification No.
    of Above Person                                     Gotham Capital IV, L.P.
- --------------------------------------------------------------------------------
2   Check the Appropriate Box if a Member of a Group*                (a)[ ]
                                                                     (b)[X]
- --------------------------------------------------------------------------------
3   SEC Use Only
- --------------------------------------------------------------------------------
4   Source of Funds*       WC, AF, OO
- --------------------------------------------------------------------------------
5   Check Box if Disclosure of Legal Proceeding is
    Required Pursuant to Items 2(d) or 2(e)                             [ ]

- --------------------------------------------------------------------------------
6   Citizenship or Place of Organization    Delware
- --------------------------------------------------------------------------------
  Number of          7     Sole Voting Power         59,700
  Shares             ___________________________________________________________

  Beneficially       8     Shared Voting Power       0
  Owned by           ___________________________________________________________

  Each               9     Sole Dispositive Power    59,700
  Reporting          ___________________________________________________________

  Person With        10  Shared Dispositive Power    0
- --------------------------------------------------------------------------------
11  Aggregate Amount Beneficially Owned by Each Reporting Person       59,700
- --------------------------------------------------------------------------------
12  Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*  [ ]
- --------------------------------------------------------------------------------
13  Percent of Class Represented by Amount in Row (11)        0.77%
- --------------------------------------------------------------------------------
14  Type of Reporting Person*  PN
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!
          INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
      (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.


<PAGE>


                                  SCHEDULE 13D


CUSIP No.  168615-10-2                              Page   4   of    15    Pages
           ----------                                   -----      -----

- --------------------------------------------------------------------------------
1   Name of Reporting Person
    S.S. or I.R.S. Identification
    No. of Above Person                         Gotham Capital Partners, L.L.C.
- --------------------------------------------------------------------------------
2   Check the Appropriate Box if a Member of a Group*                (a)[ ]
                                                                     (b)[X]
- --------------------------------------------------------------------------------
3   SEC Use Only
- --------------------------------------------------------------------------------
4   Source of Funds*   None
- --------------------------------------------------------------------------------
5   Check Box if Disclosure of Legal Proceeding is Required Pursuant to
    Items 2(d) or 2(e)                                                  [ ]

- --------------------------------------------------------------------------------
6   Citizenship or Place of Organization    Delaware
- --------------------------------------------------------------------------------
  Number of          7     Sole Voting Power         0
  Shares             ___________________________________________________________

  Beneficially       8     Shared Voting Power       59,700
  Owned by           ___________________________________________________________

  Each               9     Sole Dispositive Power    0
  Reporting          ___________________________________________________________

  Person With        10  Shared Dispositive Power    59,700
- --------------------------------------------------------------------------------
11  Aggregate Amount Beneficially Owned by Each Reporting Person       59,700*
       *as General Partner of Gotham Capital IV, L.P.
- --------------------------------------------------------------------------------
12  Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*  [ ]
- --------------------------------------------------------------------------------
13  Percent of Class Represented by Amount in Row (11)     0.77%
- --------------------------------------------------------------------------------
14  Type of Reporting Person*    00
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!
          INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
      (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.

<PAGE>


                                  SCHEDULE 13D


CUSIP No.  168615-10-2                              Page   5   of    15    Pages
           ----------                                   -----      -----

- --------------------------------------------------------------------------------
1   Name of Reporting Person
    S.S. or I.R.S. Identification  No. of Above Person     Alfred Partners, L.P.
- --------------------------------------------------------------------------------
2   Check the Appropriate Box if a Member of a Group*                (a)[ ]
                                                                     (b)[X]
- --------------------------------------------------------------------------------
3   SEC Use Only
- --------------------------------------------------------------------------------
4   Source of Funds*    WC, 00
- --------------------------------------------------------------------------------
5   Check Box if Disclosure of Legal Proceeding is Required Pursuant to
    Items 2(d) or 2(e)                                                  [ ]

- --------------------------------------------------------------------------------
6   Citizenship or Place of Organization    Delaware
- --------------------------------------------------------------------------------
  Number of          7     Sole Voting Power         106,700
  Shares             ___________________________________________________________

  Beneficially       8     Shared Voting Power       0
  Owned by           ___________________________________________________________

  Each               9     Sole Dispositive Power    106,700
  Reporting          ___________________________________________________________

  Person With        10  Shared Dispositive Power    0
- --------------------------------------------------------------------------------
11  Aggregate Amount Beneficially Owned by Each Reporting Person       106,700
- --------------------------------------------------------------------------------
12  Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*  [ ]
- --------------------------------------------------------------------------------
13  Percent of Class Represented by Amount in Row (11)     1.37%
- --------------------------------------------------------------------------------
14  Type of Reporting Person*    PN
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!
          INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
      (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.


<PAGE>


                                  SCHEDULE 13D


CUSIP No.  168615-10-2                              Page   6   of    15    Pages
           ----------                                   -----      -----

- --------------------------------------------------------------------------------
1   Name of Reporting Person
    S.S. or I.R.S. Identification No. of Above Person    Alfred Partners, L.L.C.
- --------------------------------------------------------------------------------
2   Check the Appropriate Box if a Member of a Group*                (a)[ ]
                                                                     (b)[X]
- --------------------------------------------------------------------------------
3   SEC Use Only
- --------------------------------------------------------------------------------
4   Source of Funds*   None
- --------------------------------------------------------------------------------
5   Check Box if Disclosure of Legal Proceeding is Required Pursuant to
    Items 2(d) or 2(e)                                                  [ ]

- --------------------------------------------------------------------------------
6   Citizenship or Place of Organization    Delaware
- --------------------------------------------------------------------------------
  Number of          7     Sole Voting Power         3,800
  Shares             ___________________________________________________________

  Beneficially       8     Shared Voting Power       106,700
  Owned by           ___________________________________________________________

  Each               9     Sole Dispositive Power    3,800
  Reporting          ___________________________________________________________

  Person With        10  Shared Dispositive Power    106,700
- --------------------------------------------------------------------------------
11  Aggregate Amount Beneficially Owned by Each Reporting Person       110,500
- --------------------------------------------------------------------------------
12  Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*  [ ]
- --------------------------------------------------------------------------------
13  Percent of Class Represented by Amount in Row (11)     1.42%
- --------------------------------------------------------------------------------
14  Type of Reporting Person*    00
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!
          INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
      (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.


<PAGE>


                                  SCHEDULE 13D


CUSIP No.  168615-10-2                              Page   7   of    15    Pages
           ----------                                   -----      -----

- --------------------------------------------------------------------------------
1   Name of Reporting Person
    S.S. or I.R.S. Identification No. of Above Person      Joel M. Greenblatt
- --------------------------------------------------------------------------------
2   Check the Appropriate Box if a Member of a Group*                (a)[ ]
                                                                     (b)[X]
- --------------------------------------------------------------------------------
3   SEC Use Only
- --------------------------------------------------------------------------------
4   Source of Funds*   None
- --------------------------------------------------------------------------------
5   Check Box if Disclosure of Legal Proceeding is Required Pursuant to
    Items 2(d) or 2(e)                                                  [ ]

- --------------------------------------------------------------------------------
6   Citizenship or Place of Organization    U.S.A.
- --------------------------------------------------------------------------------
  Number of          7     Sole Voting Power         0
  Shares             ___________________________________________________________

  Beneficially       8     Shared Voting Power       208,900
  Owned by           ___________________________________________________________

  Each               9     Sole Dispositive Power    0
  Reporting          ___________________________________________________________

  Person With        10  Shared Dispositive Power    208,900
- --------------------------------------------------------------------------------
11  Aggregate Amount Beneficially Owned by Each Reporting Person       208,900*
       *As a General Partner of Gotham Capital III, L.P. and a
        Managing Member of each of Gotham Capital Partners, L.L.C.
        and Alfred Partners L.L.C.
- --------------------------------------------------------------------------------
12  Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*  [ ]
- --------------------------------------------------------------------------------
13  Percent of Class Represented by Amount in Row (11)     2.68%
- --------------------------------------------------------------------------------
14  Type of Reporting Person*    IN
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!
          INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
      (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.


<PAGE>


                                  SCHEDULE 13D


CUSIP No.  168615-10-2                              Page   8   of    15    Pages
           ----------                                   -----      -----

- --------------------------------------------------------------------------------
1   Name of Reporting Person
    S.S. or I.R.S. Identification No. of Above Person            Daniel L. Nir
- --------------------------------------------------------------------------------
2   Check the Appropriate Box if a Member of a Group*                (a)[ ]
                                                                     (b)[X]
- --------------------------------------------------------------------------------
3   SEC Use Only
- --------------------------------------------------------------------------------
4   Source of Funds*   None
- --------------------------------------------------------------------------------
5   Check Box if Disclosure of Legal Proceeding is Required Pursuant to
    Items 2(d) or 2(e)                                                  [ ]

- --------------------------------------------------------------------------------
6   Citizenship or Place of Organization    U.S.A.
- --------------------------------------------------------------------------------
  Number of          7     Sole Voting Power         0
  Shares             ___________________________________________________________

  Beneficially       8     Shared Voting Power       208,900
  Owned by           ___________________________________________________________

  Each               9     Sole Dispositive Power    0
  Reporting          ___________________________________________________________

  Person With        10  Shared Dispositive Power    208,900
- --------------------------------------------------------------------------------
11  Aggregate Amount Beneficially Owned by Each Reporting Person       208,900*
       *As a General Partner of Gotham Capital III, L.P. and a
        Managing Member of each of Gotham Capital Partners, L.L.C.
        and Alfred Partners L.L.C.
- --------------------------------------------------------------------------------
12  Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*  [ ]
- --------------------------------------------------------------------------------
13  Percent of Class Represented by Amount in Row (11)     2.68%
- --------------------------------------------------------------------------------
14  Type of Reporting Person*    IN
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!
          INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
      (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.


<PAGE>


                                  SCHEDULE 13D


CUSIP No.  168615-10-2                              Page   9   of    15    Pages
           ----------                                   -----      -----

- --------------------------------------------------------------------------------
1   Name of Reporting Person
    S.S. or I.R.S. Identification
    No. of Above Person                                Woodstock Partners, L.P.
- --------------------------------------------------------------------------------
2   Check the Appropriate Box if a Member of a Group*                (a)[ ]
                                                                     (b)[X]
- --------------------------------------------------------------------------------
3   SEC Use Only
- --------------------------------------------------------------------------------
4   Source of Funds*   WC, 00
- --------------------------------------------------------------------------------
5   Check Box if Disclosure of Legal Proceeding is Required Pursuant to
    Items 2(d) or 2(e)                                                  [ ]

- --------------------------------------------------------------------------------
6   Citizenship or Place of Organization    Delaware
- --------------------------------------------------------------------------------
  Number of          7     Sole Voting Power         0
  Shares             ___________________________________________________________

  Beneficially       8     Shared Voting Power       0
  Owned by           ___________________________________________________________

  Each               9     Sole Dispositive Power    0
  Reporting          ___________________________________________________________

  Person With        10  Shared Dispositive Power    0
- --------------------------------------------------------------------------------
11  Aggregate Amount Beneficially Owned by Each Reporting Person             0
- --------------------------------------------------------------------------------
12  Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*  [ ]
- --------------------------------------------------------------------------------
13  Percent of Class Represented by Amount in Row (11)     0
- --------------------------------------------------------------------------------
14  Type of Reporting Person*    PN
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!
          INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
      (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.


<PAGE>


                                  SCHEDULE 13D


CUSIP No.  168615-10-2                              Page   10  of    15    Pages
           ----------                                   -----      -----

- --------------------------------------------------------------------------------
1   Name of Reporting Person
    S.S. or I.R.S. Identification No. of Above Person          Linda Greenblatt
- --------------------------------------------------------------------------------
2   Check the Appropriate Box if a Member of a Group*                (a)[ ]
                                                                     (b)[X]
- --------------------------------------------------------------------------------
3   SEC Use Only
- --------------------------------------------------------------------------------
4   Source of Funds*   None
- --------------------------------------------------------------------------------
5   Check Box if Disclosure of Legal Proceeding is Required Pursuant to
    Items 2(d) or 2(e)                                                  [ ]

- --------------------------------------------------------------------------------
6   Citizenship or Place of Organization    U.S.A.
- --------------------------------------------------------------------------------
  Number of          7     Sole Voting Power         0
  Shares             ___________________________________________________________

  Beneficially       8     Shared Voting Power       0
  Owned by           ___________________________________________________________

  Each               9     Sole Dispositive Power    0
  Reporting          ___________________________________________________________

  Person With        10  Shared Dispositive Power    0
- --------------------------------------------------------------------------------
11  Aggregate Amount Beneficially Owned by Each Reporting Person       0
- --------------------------------------------------------------------------------
12  Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*  [ ]
- --------------------------------------------------------------------------------
13  Percent of Class Represented by Amount in Row (11)     0
- --------------------------------------------------------------------------------
14  Type of Reporting Person*    IN
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!
          INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
      (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.

<PAGE>

CUSIP NO. 168615-10-2                                PAGE    11  OF   15   PAGES
                                                           -----    ------


         THIS  AMENDMENT  NO. 2 RELATES TO THE SCHEDULE 13D DATED AS OF FEBRUARY
3, 1995 AND FILED ON BEHALF OF THE  REPORTING  PERSONS ON FEBRUARY  6, 1995,  AS
AMENDED BY  AMENDMENT  NO. 1 DATED  FEBRUARY  17, 1995 AND FILED ON FEBRUARY 21,
1995. ITEM 5 OF SAID SCHEDULE 13D IS HEREBY DELETED IN ITS ENTIRETY AND REPLACED
WITH THE TEXT OF ITEM 5 SET FORTH HEREINBELOW.  UNLESS OTHERWISE DEFINED HEREIN,
ALL  CAPITALIZED  TERMS USED HEREIN SHALL HAVE THE MEANINGS  ASCRIBED TO THEM IN
SAID SCHEDULE 13D.

ITEM 5.  INTEREST IN SECURITIES OF THE ISSUER

(a) The benefical  ownership of each of the Reporting Persons of Common Stock of
the Issuer as of the date hereof is less than five percent  (5%).  Specifically,
the beneficial ownership of each of the Reporting Persons is as follows:

(i)    As of the close of business on April 2, 1996,  Gotham  Capital III,  L.P.
       had disposed of an aggregate of 129,500 shares of the Common Stock of the
       Issuer,  which reduced the aggregate  amount of such shares  beneficially
       owned by Gotham  Capital III, L.P.  from 168,200  shares to 38,700 shares
       (0.50%).

(ii)   As of the close of business on April 2, 1996, Gotham Capital IV, L.P. had
       disposed of an aggregate of 200,500 shares of Common Stock of the Issuer,
       which reduced the aggregate amount of such shares  beneficially  owned by
       Gotham Capital IV, L.P. from 260,200 to 59,700 (0.77%).

(iii)  As of the close of business on April 2, 1996,  Alfred Partners,  L.P. had
       disposed of an aggregate of 146,400 shares of Common Stock of the Issuer,
       which reduced the aggregate amount of such shares  beneficially  owned by
       Alfred Partners, L.P. from 253,100 to 106,700 (1.37%).

(iv)   As of the close of business on April 2, 1996, Alfred Partners, L.L.C. had
       disposed of an aggregate of 11,100  shares of Common Stock of the Issuer,
       which reduced the aggregate amount of such shares  beneficially  owned by
       Alfred Partners, L.L.C. from 14,900 to 3,800 (0.05%). In addition, Alfred
       Partners,  L.L.C.  may no longer be deemed to be the beneficial owner of,
       and no longer has shared voting or  dispositive  power over,  the 146,400
       shares of Common Stock of the Issuer disposed of by Alfred Partners, L.P.

(v)    As of the close of business on April 2, 1996,  Woodstock Partners,  L.P.,
       through a successor entity, had disposed of an aggregate of 40,000 shares
       of Common Stock of the Issuer, which reduced the aggregate amount of such
       shares beneficially owned by Woodstock Partners, L.P. to zero (0).

(vi)   By reason of its interest as General  Partner of Gotham Capital IV, L.P.,
       Gotham Capital Partners, L.L.C. may be deemed to have indirect beneficial
       ownership of, and shared voting and  dispositive  power over,  the 59,700
       shares  (0.77%) of the Common Stock of the Issuer  beneficially  owned by
       such partnership.

(vii)  Joel M.  Greenblatt is the beneficial  owner of 208,900 shares (2.68%) of
       the  Common  Stock of the  Issuer  solely as a general  partner of Gotham
       Capital  III,  L.P.  and a  managing  member  of each of  Gotham  Capital
       Partners, L.L.C., and Alfred Partners, L.L.C. Joel M. Greenblatt does not
       beneficially  own any  shares of Common  Stock of the  Issuer  other than
       through  his  positions  as a  general  partner  or  managing  member  as
       aforesaid,  and he does not have exclusive  voting or  dispositive  power
       over any such shares.


<PAGE>

CUSIP NO. 168615-10-2                                PAGE    12  OF   15   PAGES
                                                           -----    ------


(viii) Daniel L. Nir is the  beneficial  owner of 208,900  shares (2.68%) of the
       Common Stock of the Issuer solely as a general  partner of Gotham Capital
       III,  L.P.  and a  managing  member of each of Gotham  Capital  Partners,
       L.L.C.  and Alfred Partners,  L.L.C.  Daniel L. Nir does not beneficially
       own any  shares of the Common  Stock of Issuer  other  than  through  his
       positions as a general  partner or managing  member as aforesaid,  and he
       does not have exclusive voting or dispositive power over any such shares.

(ix)   As a result of the dispositions by Woodstock Partners,  L.P. described in
       subparagraph (v) above, Linda Greenblatt no longer  beneficially owns any
       shares of Common  Stock of the Issuer  through  her  position  as General
       Partner of Woodstock Partners, L.P., nor does Ms. Greenblatt beneficially
       own any securities of the Issuer for her own account.

         The  number  of  shares   beneficially  owned  and  the  percentage  of
outstanding shares represented thereby, for each of the Reporting Persons,  have
been computed in accordance with Rule 13d-3 under the Securities Exchange Act of
1934, as amended.  The percentages of ownership described above are based on the
7,782,498 outstanding shares of Common Stock of the Issuer as of March 15, 1996,
reported in the Issuer's Form 10-K filed April 1, 1996 with the  Securities  and
Exchange Commission.

         (b) Each of Gotham  Capital  III,  L.P.,  Gotham  Capital IV, L.P.  and
Alfred Partners, L.P.  (collectively,  the "Partnerships") has the sole power to
vote or to dispose of or to direct  the voting or to direct the  disposition  of
the  Common  Stock of the  Issuer  beneficially  owned by it.  Such  voting  and
dispositive  power may be exercised on behalf of Gotham Capital III, L.P. by its
general  partners.  Such voting and dispositive power may be exercised on behalf
of Alfred Partners, L.P. by the Managing Members of Alfred Partners, L.L.C., its
general partner. Such voting and dispositive power may be exercised on behalf of
Gotham  Capital IV, L.P. by the  Managing  Members of Gotham  Capital  Partners,
L.L.C.,  its general partner.  Both Joel M. Greenblatt and Daniel L. Nir are the
general partners of Gotham Capital III, L.P. and the Managing Members of each of
Gotham Capital Partners,  L.L.C. and Alfred Partners,  L.L.C. Therefore, Joel M.
Greenblatt  and  Daniel  L. Nir may be deemed to each  have  shared  voting  and
dispositive  power over the 205,100  shares  (2.63%) of the Common  Stock of the
Issuer  beneficially  owned  in  the  aggregate  by  the  Partnerships.  Messrs.
Greenblatt and Nir also may be deemed to each have shared voting and dispositive
power  over  the  3,800  shares  (0.05%)  of the  Common  Stock  of  the  Issuer
beneficially owned by Alfred Partners, L.L.C.

         (c)  Transactions  in the  securities of the Issuer  reported on herein
which have been effected in the past sixty days by the Reporting  Persons are as
follows (all such transactions were open market sales):

<TABLE>
<CAPTION>
         Reporting                            Number of      Price Per
          Person                  Date          Shares         Share              Total
          ------                  ----          ------         -----              -----
<S>                              <C>          <C>             <C>              <C>       
Gotham Capital III, L.P.         3/26/96        (1,000)        7.0625         $    7,062.50
Gotham Capital III, L.P.         3/26/96       (12,700)        6.9220         $   87,909.40
Gotham Capital III L.P.          4/02/96      (115,800)        7.0085         $  811,584.30
Gotham Capital IV, L.P.          3/26/96        (7,600)        6.9375         $   52,725.00
Gotham Capital IV, L.P.          3/26/96       (13,800)        6,9220         $   95,523.60
Gotham Capital IV, L.P.          4/02/96      (179,100)        7.0085         $1,255,222.35
Alfred Partners, L.P.            3/26/96        (9,900)        6.9375         $   68,681.25
Alfred Partners, L.P.            4/02/96      (136,500)        7.0085         $  956,660.25
Alfred Partners L.L.C.           4/03/96       (11,100)        7.0085         $   77,794.35
Woodstock Partners, L.P.         4/03/96       (40,000)        7.0625         $  282,500.00
</TABLE>

<PAGE>

CUSIP NO. 168615-10-2                                PAGE    13  OF   15   PAGES
                                                           -----    ------

         (d) Not Applicable.

         (e) Not Applicable.


ITEM 7.  MATERIAL TO BE FILED AS EXHIBITS

         Exhibit A.  Agreement of Joint Filing --  Incorporated  by reference to
                     Exhibit A  attached  to the  Schedule  13D  filed  with the
                     Securities and Exchange Commission on February 6, 1995.


                            [Signatures on next page]



<PAGE>

CUSIP NO. 168615-10-2                                PAGE    14  OF   15   PAGES
                                                           -----    ------


After  reasonable  inquiry and to the best of our knowledge and belief,  we each
certify that the information  set forth in this statement is true,  complete and
correct. This statement may be executed in multiple counterparts,  each of which
shall be deemed an original and all of which shall constitute one (1) instrument

                            GOTHAM CAPITAL III, L.P.


                            By: /s/ Joel M. Greenblatt
                                ------------------------------------------------
                                Joel M. Greenblatt,  Managing Partner


                            GOTHAM CAPITAL IV, L.P.
                            By: Gotham Capital Partners, L.L.C.
                                Its Sole General Partner


                            By: /s/ Joel M. Greenblatt
                                ------------------------------------------------
                                Joel M. Greenblatt, a Managing Member



                            ALFRED PARTNERS, L.P.
                            By: Alfred Partners, L.L.C.
                            Its Sole General Partner


                            By: /s/ Joel M. Greenblatt
                                ------------------------------------------------
                                Joel M. Greenblatt, a Managing Member
  
                            GOTHAM CAPITAL PARTNERS, L.L.C.

 
                            By: /s/ Joel M. Greenblatt
                                ------------------------------------------------
                                Joel M. Greenblatt,  a Managing Member

                            ALFRED PARTNERS, L.L.C.


                            By: /s/ Joel M. Greenblatt
                                ------------------------------------------------
                                Joel M. Greenblatt, a Managing Member


                            /s/ Joel M. Greenblatt
                            ----------------------------------------------------
                            Joel M. Greenblatt, Individually


                            /s/ Daniel L. Nir
                            ----------------------------------------------------
                            Daniel L. Nir, Individually


Date:  April 9,1996


<PAGE>

CUSIP NO. 168615-10-2                                PAGE    15  OF   15   PAGES
                                                           -----    ------



                    [SIGNATURES CONTINUED FROM PREVIOUS PAGE]


                            WOODSTOCK PARTNERS, L.P.


                            By: /s/ Linda Greenblatt
                                ------------------------------------------------
                                Linda Greenblatt, its General Partner




                            /s/ Linda Greenblatt
                            ----------------------------------------------------
                            Linda Greenblatt, individually



Date:  April 9, 1996



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