<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
AMENDMENT NO. 1
INFORMATION STATEMENT PURSUANT TO RULE 13D-1 AND 13D-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
IVI PUBLISHING, INC.
--------------------------------------
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE PER SHARE
--------------------------------------
(Title of Class of Securities)
450707-10-4
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(CUSIP Number of Class of Securities)
Check the following box if a fee is being paid with this 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 less than five percent of
such class.) (See Rule 13d-7.)
Page 1 of 14 Pages
An Index of Exhibits appears on Page 14
<PAGE> 2
CUSIP NO. SCHEDULE 13G
450707-10-4 AMENDMENT NO. 1 PAGE 2 OF 14 PAGES
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FRAZIER HEALTHCARE INVESTMENTS, L.P. FEIN: 91-1586072
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Organized under the laws of the State of Delaware
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(5) SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 304,348
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
304,348
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
304,348
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.00%
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(12) TYPE OF REPORTING PERSON*
LP
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 14 Pages
An Index of Exhibits appears on Page 14
<PAGE> 3
CUSIP NO. SCHEDULE 13G
450707-10-4 AMENDMENT NO. 1 PAGE 3 OF 14 PAGES
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FRAZIER HEALTHCARE MANAGEMENT, L.P. FEIN: 91-1586070
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Organized under the laws of the State of Delaware
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(5) SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 304,348
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
304,348
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
304,348
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.00%
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(12) TYPE OF REPORTING PERSON*
LP
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 14 Pages
An Index of Exhibits appears on Page 14
<PAGE> 4
CUSIP NO. SCHEDULE 13G
450707-10-4 AMENDMENT NO. 1 PAGE 4 OF 14 PAGES
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FRAZIER & COMPANY, L.P. FEIN: 91-1529429
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Organized under the laws of the State of Delaware
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(5) SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 554,784
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
554,784
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
554,784
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.29%
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(12) TYPE OF REPORTING PERSON*
LP
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 14 Pages
An Index of Exhibits appears on Page 14
<PAGE> 5
CUSIP NO. SCHEDULE 13G
450707-10-4 AMENDMENT NO. 1 PAGE 5 OF 14 PAGES
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FRAZIER MANAGEMENT, L.L.C. FEIN: 91-1678546
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
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(5) SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 554,784
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
554,784
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
554,784
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.29%
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(12) TYPE OF REPORTING PERSON*
LLC
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 14 Pages
An Index of Exhibits appears on Page 14
<PAGE> 6
CUSIP NO. SCHEDULE 13G
450707-10-4 AMENDMENT NO. 1 PAGE 6 OF 14 PAGES
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FRAZIER & COMPANY, INC. FEIN: 91-1526760
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Organized under the laws of the State of Washington
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(5) SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 554,784
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
554,784
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
554,784
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.29%
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 14 Pages
An Index of Exhibits appears on Page 14
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CUSIP NO. SCHEDULE 13G
450707-10-4 AMENDMENT NO. 1 PAGE 7 OF 14 PAGES
- --------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Alan D. Frazier SS# ###-##-####
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
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(5) SOLE VOTING POWER
NUMBER OF 7,500
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 554,784
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 7,500
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
554,784
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
562,284
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.39%
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(12) TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 14 Pages
An Index of Exhibits appears on Page 14
<PAGE> 8
ITEM 1(A). NAME OF ISSUER.
This Schedule 13G relates to IVI Publishing, Inc., a Minnesota
corporation (the "Company").
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
The Company's principal executive offices are located at 1380 Corporate
Center Curve, Suite 305, Eagan, Minnesota 55121.
ITEM 2(A). NAME OF PERSONS FILING.
This Schedule 13G relates to each of the following persons:
- Frazier Healthcare Investments, L.P., a limited partnership
("FHI")
- Frazier Healthcare Management, L.P., a limited partnership
("FHM")
- Frazier & Company L.P., a limited partnership ("F&C LP")
- Frazier Management, L.L.C., a limited liability company ("FMLLC")
- Frazier & Company, Inc., a Washington corporation ("F&C Inc.")
- Alan D. Frazier, as director and sole shareholder of F&C Inc.;
The general partner of FHI is FHM, whose general partner is F&C LP,
whose general partner is FMLLC. The managing member of FMLLC is F&C Inc. The
sole shareholder of F&C Inc. is Alan D. Frazier.
Page 8 of 14 Pages
An Index of Exhibits appears on Page 14
<PAGE> 9
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE.
The business address of each of the reporting persons is 601 Union
Street, Suite 2110, Seattle, Washington 98101.
ITEM 2(C). CITIZENSHIP.
FHI, FHM and F&C LP are each limited partnerships organized under the
laws of the State of Delaware. FMLLC is a limited liability company organized
under the laws of the State of Delaware. F&C Inc. is a corporation organized
under the laws of the State of Wa shington. Mr. Frazier is a United States
citizen.
ITEM 2(D). TITLE OF CLASS OF SECURITIES.
This Schedule 13G relates to the Company's common stock, $.01 par value
per share (the "Common Stock").
ITEM 2(E). CUSIP NUMBER.
The CUSIP Number for the Company's Common Stock is 450707-10-4.
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 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,
(e) [ ] Investment Advisor registered under Section 203 of the Investment
Advisors 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,
(g) [ ] Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G),
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
NOT APPLICABLE.
Page 9 of 14 Pages
An Index of Exhibits appears on Page 14
<PAGE> 10
ITEM 4. OWNERSHIP.
The following describes the ownership of Common Stock by FHI and FHM as of
December 31, 1996:
(a) Amount beneficially owned: 304,348(1)
(b) Percent of class: 4.00%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or to direct the vote: 304,348(1)(2)
(iii)Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of:
304,348(1)(2)
(1) Represents shares held of record by FHI of which FHM is the
general partner.
(2) Power to vote or to direct the vote of, and power to dispose or
to direct the disposition of, the reported shares is deemed to be
shared among all of the reporting persons except FHI. Each of
such persons denies beneficial ownership of such shares except to
the extent of such person's respective pecuniary interest.
The following describes the ownership of Common Stock by F&C LP as of
December 31, 1996:
(a) Amount beneficially owned: 554,784(1)
(b) Percent of class: 7.29%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or to direct the vote: 554,784(1)(2)
(iii)Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of:
554,784(1)(2)
(1) Includes (i) 224,278 shares subject to purchase upon the exercise
of vested stock purchase warrants held of record by F&C LP, and
(ii) 304,348 shares of Common Stock held of record by FHI, of
which FHM is the general partner, of which F&C LP is the general
partner.
Page 10 of 14 Pages
An Index of Exhibits appears on Page 14
<PAGE> 11
(2) Power to vote or to direct the vote of, and power to dispose or
to direct the disposition of, the reported shares is deemed to be
shared among the each of F&C LP, FMLLC, F&C Inc., and Mr.
Frazier. Each of such persons denies beneficial ownership of such
shares except to the extent of such person's respective pecuniary
interest.
The following describes the ownership of Common Stock by FMLLC, F&C
Inc. and by Mr. Frazier as of December 31, 1996:
(a) Amount beneficially owned: 562,284(1)
(b) Percent of class: 7.39%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 7,500 (2)
(ii) Shared power to vote or to direct the vote: 554,784(1)(3)
(iii) Sole power to dispose or to direct the disposition of:
7,500 (2)
(iv) Shared power to dispose or to direct the disposition of:
554,784(1)(3)
(1) Includes (i) 224,349 shares subject to purchase upon the exercise of
vested stock purchase warrants held of record by F&C LP of which FMLLC
is the general partner, (ii) 26,087 shares of Common Stock held of
record by F&C LP, (iii) 304,348 shares of Common Stock held of record
by FHI, of which FHM is the general partner, of which F&C LP is the
general partner, of which FMLLC is the general partner. F&C Inc. is
the managing member of FMLLC. Mr. Frazier is the sole shareholder of
F&C Inc. and may be deemed to be the beneficial owner of stock
beneficially held by such limited partnerships and limited liability
company. Each of such persons denies beneficial ownership of such
shares except to the extent of such person's respective pecuniary
interest.
(2) Represents shares of Common Stock held of record by Alan D. Frazier.
(3) Power to vote or to direct the vote of, and power to dispose or to
direct the disposition of, the reported shares is deemed to be shared
among FMLLC, F&C Inc.and Mr. Frazier.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following [ ]. NOT APPLICABLE.
Page 11 of 14 Pages
An Index of Exhibits appears on Page 14
<PAGE> 12
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.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
Not applicable.
Page 12 of 14 Pages
An Index of Exhibits appears on Page 14
<PAGE> 13
SIGNATURE
The undersigned hereby agree that this Schedule is filed on behalf of each of
them and, after reasonable inquiry and to best of their knowledge and belief,
hereby certify that the information set forth in this statement is true,
complete and correct.
Dated: February 5, 1997
FRAZIER HEALTHCARE INVESTMENTS, L.P.
By: Frazier Healthcare Management, L.P.
Its General Partner
By: Frazier & Company L.P.
Its General Partner
By: Frazier Management, L.L.C.
Its General Partner
By: Frazier & Company, Inc.
Its Managing Member
By //s// Alan D. Frazier
----------------------------------------
Alan D. Frazier, President
FRAZIER & COMPANY L.P.
By: Frazier Management, L.L.C.
Its General Partner
By: Frazier & Company, Inc.
Its Managing Member
By //s// Alan D. Frazier
----------------------------------------
Alan D. Frazier, President
FRAZIER & COMPANY, INC.
By //s// Alan D. Frazier
----------------------------------------
Alan D. Frazier, President, Director and
Shareholder
Page 13 of 14 Pages
An Index of Exhibits appears on Page 14
<PAGE> 14
EXHIBIT INDEX
Statement required by reporting persons pursuant to Rule
13d-1(f)(1) (see signature page).
Page 14 of 14 Pages
An Index of Exhibits appears on Page 14
