DELTA & PINE LAND CO
SC 13G/A, 1998-01-26
AGRICULTURAL PRODUCTION-CROPS
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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. 2)*


                           Delta and Pine Land Company
- --------------------------------------------------------------------------------
                                (Name of Issuer)
                                  Common Stock
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)
                                    247357106
- --------------------------------------------------------------------------------
                                 (CUSIP Number)



Check here 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 filed 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).













                                PAGE 1 OF 4 PAGES

<PAGE>

- ---------------------                                      ---------------------
CUSIP No.   247357106                  13G                 Page  2  of  4  Pages
- ---------------------                                      ---------------------

- --------------------------------------------------------------------------------
   1      NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

          John Hancock Mutual Life Insurance Company
          I.R.S. No. 04-1414660
- --------------------------------------------------------------------------------
   2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*             (a)  |_|
                                                                        (b)  |_|
          N/A
- --------------------------------------------------------------------------------
   3      SEC USE ONLY

- --------------------------------------------------------------------------------
   4      CITIZENSHIP OR PLACE OF ORGANIZATION

          Commonwealth of Massachusetts
- --------------------------------------------------------------------------------
                      5     SOLE VOTING POWER
    Number of
     Shares                 4,535,164

                   -------------------------------------------------------------
  Beneficially        6     SHARED VOTING POWER
    Owned by
      Each                  -0-

                   -------------------------------------------------------------
    Reporting         7     SOLE DISPOSITIVE POWER
     Person
      With                  4,535,164

                   -------------------------------------------------------------
                      8     SHARED DISPOSITIVE POWER

                            -0-

- --------------------------------------------------------------------------------
   9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          4,535,164
- --------------------------------------------------------------------------------
   10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

          N/A
- --------------------------------------------------------------------------------
   11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

          12.0%
- --------------------------------------------------------------------------------
   12     TYPE OF REPORTING PERSON*

          IC, IA
- --------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!
                                PAGE 2 OF 4 PAGES


<PAGE>

     The original  statement  shall be signed by each person on whose behalf the
statement is filed or his authorized representative.  If the statement is signed
on behalf of a person by his authorized  representative  other than an executive
officer  or   general   partner  of  the   filing   person,   evidence   of  the
representative's  authority to sign on behalf of such person shall be filed with
the  statement,  provided,  however,  that a power of attorney  for this purpose
which is already on file with the Commission may be  incorporated  by reference.
The name and any title of each person who signs the statement  shall be typed or
printed beneath his signature.

Note: Six copies of this statement, including all exhibits, should be filed with
the Commission.

     Attention:  Intentional  misstatements  or  omissions  of  fact  constitute
Federal criminal violations (See 18 U.S.C. 1001)


     Item 1(a)      Name of Issuer:
                    Delta and Pine Land Company

     Item 1(b)      Address of Issuer's Principal Executive Offices:
                    One Cotton Row
                    Scott, MS 38772

     Item 2(a)      Name of Person Filing:
                    This  filing is made on behalf of John  Hancock  Mutual Life
                    Insurance Company ("JHMLICO").

     Item 2(b)      Address of the Principal Offices:
                    The principal  business office of JHMLICO is located at John
                    Hancock Place, P.O. Box 111, Boston, MA 02117.

     Item 2(c)      Citizenship:
                    JHMLICO  is  organized  and  exists  under  the  laws of the
                    Commonwealth of Massachusetts.

     Item 2(d)      Title of Class of Securities:
                    Common Stock

     Item 2(e)      CUSIP Number:
                    247357106

     Item 3         If the Statement is being filed  pursuant to Rule  13d-1(b),
                    or 13d-2(b), check whether the person filing is a:

                    JHMLICO:  (c) (X)   Insurance Company as defined in
                                        ss.3(a)(19) of the Act.

                              (e) (X)   Investment Adviser registered under
                                        ss.203 of the Investment Advisers Act 
                                        of 1940.


     Item 4         Ownership:

                    (a)  Amount   Beneficially   Owned:   JHMLICO   has   direct
                         beneficial  ownership  of  4,535,164 shares  of Common
                         Stock.
                         
                    (b)  Percent of Class:  12.0%


                                PAGE 3 OF 4 PAGES


<PAGE>

                    (c)  (i)    sole power to vote or to direct the vote:
                                JHMLICO has sole power to vote or to direct the 
                                vote of the 4,535,164 shares as discussed in 
                                Item 4(a) above.

                         (ii)   shared power to vote or to direct the vote:  -0-

                         (iii)  sole power to dispose or to direct the
                                disposition:
                                JHMLICO has sole power to dispose or to direct 
                                the disposition of the 4,535,164 shares as 
                                discussed in Item 4(a) above.

                         (iv)   shared power to dispose or to direct the 
                                disposition of:  -0-

     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.

     Item 8         Identification and Classification of Members of the Group:
                    Not applicable.

     Item 9         Notice of Dissolution of a Group:
                    Not applicable.

     Item 10        Certification:
                    By signing below the undersigned certifies that, to the best
                    of its  knowledge  and belief,  the  securities  referred to
                    above were  acquired in the ordinary  course of business and
                    were not  acquired  for the  purpose  of and do not have the
                    effect of changing or influencing  the control of the issuer
                    of such  securities and were not acquired in connection with
                    or as a participant in any  transaction  having such purpose
                    or effect.


                                    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.

                                      John Hancock Mutual Life Insurance Company


                                      By:      /s/ Roger G. Nastou
                                               ------------------------------
                                      Name:    Roger G. Nastou
Dated: January 21, 1998               Title:   Vice President



                                PAGE 4 OF 4 PAGES




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