<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D/A
(RULE 13d-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
FIRST STATE BANCORPORATION
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(Name of Issuer)
Common Stock, no par value
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(Title of Class of Securities)
336453105
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(CUSIP number)
Howard B. Adler, Esq.
Gibson, Dunn & Crutcher LLP
1050 Connecticut Avenue, N.W.
Washington, D.C. 20036
(202) 955-8589
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(Name, address and telephone number of person
authorized to receive notices and communications)
June 8, 1999
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(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(e), 13d-1(f) or 13d-1(g), check the
following box . [ ]
Note. Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-7(b) 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 1 of 6 Pages)
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<TABLE>
<CAPTION>
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CUSIP NO. 336453105 13D/A PAGE 2 OF 6 PAGES
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<S> <C>
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
CARLSON CAPITAL, L.P. I.R.S. IDENTIFICATION NO. 75-249-4317
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
NONE
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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NUMBER OF 7 SOLE VOTING POWER
SHARES
72,350
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BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER
0
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING
72,350
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PERSON WITH 10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
72,350
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.1%
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14 TYPE OF REPORTING PERSON*
IA, PN
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</TABLE>
(Page 2 of 6 Pages)
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This Amendment No. 1 to the original statement of beneficial ownership
on Schedule 13D filed by the Reporting Person on March 16, 1999 has been
prepared to report the sale by the Reporting Person of shares of Common Stock
of the Issuer. Defined terms used herein that are not otherwise defined herein
have the meanings ascribed to them in the Reporting Person's original Schedule
13D filing.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Items 5(a), (b), (c) and (e) are hereby amended as follows:
(a) This statement on Schedule 13D relates to 72,350 shares of
Common Stock deemed beneficially owned by the Reporting Person, which
constitute approximately 2.1% of the issued and outstanding shares of Common
Stock.
(b) The Reporting Person has sole voting and dispositive power
with respect to 72,350 shares of Common Stock.
(c) In the past 60 days, accounts managed by the Reporting Person
sold shares of Common Stock on the dates, in the amounts and at the prices set
forth on Exhibit A annexed hereto and incorporated by reference herein. All of
such sales were made on the open market.
(e) On June 8, 1999, the Reporting Person ceased to beneficially
own more than 5% of the issued and outstanding shares of Common Stock.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit A: Transactions in Shares of Common Stock in Past 60
Days.
(Page 3 of 6 Pages)
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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.
Dated: June 10, 1999
CARLSON CAPITAL, L.P.
/s/ Clint D. Carlson
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By: Clint D. Carlson, President of the General Partner
(Page 4 of 6 Pages)
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EXHIBIT A
Transactions in Shares of Common Stock
In Past 60 Days
<TABLE>
<CAPTION>
Transactions by Account No. 2
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Trade Type Trade Date Quantity Price ($)
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<S> <C> <C> <C>
SELL 05/14/99 -1,485.00 20.0000
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SELL 05/14/99 -3,235.00 20.0625
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SELL 05/20/99 -2,518.00 19.7500
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SELL 05/24/99 -7,535.00 19.7500
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SELL 06/03/99 -7,535.00 19.6250
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SELL 06/08/99 -37,680.00 19.6250
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</TABLE>
<TABLE>
<CAPTION>
Transactions by Account No. 3
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Trade Type Trade Date Quantity Price ($)
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<S> <C> <C> <C>
SELL 05/14/99 -180.00 20.0000
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SELL 05/14/99 -405.00 20.0625
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SELL 05/20/99 -340.00 19.7500
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SELL 05/24/99 -1,000.00 19.7500
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SELL 06/03/99 -1,005.00 19.6250
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SELL 06/08/99 -5,010.00 19.6250
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</TABLE>
(Page 5 of 6 Pages)
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EXHIBIT A
Transactions in Shares of Common Stock
In Past 60 Days
<TABLE>
<CAPTION>
Transactions by Account No. 4
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Trade Type Trade Date Quantity Price ($)
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<S> <C> <C> <C>
SELL 05/14/99 -225.00 20.0000
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SELL 05/14/99 -495.00 20.0625
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SELL 05/20/99 -480.00 19.7500
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SELL 05/24/99 -1,420.00 19.7500
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SELL 06/03/99 -1,415.00 19.6250
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SELL 06/08/99 -7,080.00 19.6250
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</TABLE>
<TABLE>
<CAPTION>
Transactions by Account No. 5
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Trade Type Trade Date Quantity Price ($)
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<S> <C> <C> <C>
SELL 05/14/99 -1,295.00 20.0000
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SELL 05/14/99 -2,830.00 20.0625
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SELL 05/20/99 -1,457.00 19.7500
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SELL 05/24/99 -4,455.00 19.7500
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SELL 06/03/99 -4,455.00 19.6250
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SELL 06/08/99 -22,285.00 19.6250
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</TABLE>
<TABLE>
<CAPTION>
Transactions by Account No. 6
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Trade Type Trade Date Quantity Price ($)
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<S> <C> <C> <C>
SELL 05/14/99 -15.00 20.0000
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SELL 05/14/99 -35.00 20.0625
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SELL 05/20/99 -205.00 19.7500
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SELL 05/24/99 -590.00 19.7500
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SELL 06/03/99 -590.00 19.6250
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SELL 06/08/99 -2,945.00 19.6250
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</TABLE>
(Page 6 of 6 Pages)
