<PAGE>
OMB APPROVAL
OMB Number: 3235-0145
Expires: October 31, 1997
Estimated average burden
hours per response . . . 14.90
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. __)*
BlackRock Asset Investors
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
091913103
- --------------------------------------------------------------------------------
(CUSIP Number)
Alan M. Lewis
General Electric Pension Trust
3003 Summer Street, Stamford, Connecticut 06905, 203-326-2313
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
March 30, 1995
- --------------------------------------------------------------------------------
(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 /X/. (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 13d-1(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. 091913103 PAGE 2 OF 15 PAGES
---------------- ----------- -----------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
B. Rock, Inc.
IRS Identification No.: applied for
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF (Capital contribution from parent)
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT / /
TO ITEMS 2(d) OR 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
--------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,875
--------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
--------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 1,875
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,875
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN / /
SHARES *
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*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. 091913103 PAGE 3 OF 15 PAGES
---------------- ---------- -----------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Electric Pension Trust
IRS Identification No.: 14-6015763
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT / /
TO ITEMS 2(d) OR 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of New York
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
--------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,875
--------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
--------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 1,875
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,875
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN / /
SHARES
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
EP
- -------------------------------------------------------------------------------
*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. 091913103 PAGE 4 OF 15 PAGES
---------------- ---------- -----------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Dale F. Frey
S.S. No.: ###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT / /
TO ITEMS 2(d) OR 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES --------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
1,875 (The Reporting Person has no pecuniary
OWNED BY interest in such shares.)
--------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
--------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 1,875 (The Reporting Person has no pecuniary
interest in such shares.)
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,875 (The Reporting Person has no pecuniary interest in such shares.)
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN / /
SHARES*
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN (Trustee of EP)
- -------------------------------------------------------------------------------
*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. 091913103 PAGE 5 OF 15 PAGES
---------------- ---------- -----------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Eugene K. Bolton
S.S. No.: ###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT / /
TO ITEMS 2(d) OR 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES --------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
1,875 (The Reporting Person has no pecuniary
OWNED BY interest in such shares.)
--------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
--------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 1,875 (The Reporting Person has no pecuniary
interest in such shares.)
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,875 (The Reporting Person has no pecuniary interest in such shares.)
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN / /
SHARES*
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN (Trustee of EP)
- -------------------------------------------------------------------------------
*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. 091913103 PAGE 6 OF 15 PAGES
---------------- ---------- -----------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Michael J. Cosgrove
S.S. No.: ###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT / /
TO ITEMS 2(d) OR 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES --------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
1,875 (The Reporting Person has no pecuniary
OWNED BY interest in such shares.)
--------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
--------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 1,875 (The Reporting Person has no pecuniary
interest in such shares.)
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,875 (The Reporting Person has no pecuniary interest in such shares.)
- -------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN / /
SHARES*
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN (Trustee of EP)
- -------------------------------------------------------------------------------
*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. 091913103 PAGE 7 OF 15 PAGES
---------------- ---------- -----------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ralph R. Layman
S.S. No.: ###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT / /
TO ITEMS 2(d) OR 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES --------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
1,875 (The Reporting Person has no pecuniary
OWNED BY interest in such shares.)
--------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
--------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 1,875 (The Reporting Person has no pecuniary
interest in such shares.)
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,875 (The Reporting Person has no pecuniary interest in such shares.)
- -------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN / /
SHARES*
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN (Trustee of EP)
- -------------------------------------------------------------------------------
*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. 091913103 PAGE 8 OF 15 PAGES
---------------- ---------- -----------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Alan M. Lewis
S.S. No.: ###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- -------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO / /
TO ITEMS 2(d) OR 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES --------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
1,875 (The Reporting Person has no pecuniary
OWNED BY interest in such shares.)
--------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
--------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 1,875 (The Reporting Person has no pecuniary
interest in such shares.)
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,875 (The Reporting Person has no pecuniary interest in such shares.)
- -------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN / /
SHARES*
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN (Trustee of EP)
- -------------------------------------------------------------------------------
*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. 091913103 PAGE 9 OF 15 PAGES
---------------- ---------- -----------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John H. Myers
S.S. No.: ###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT / /
TO ITEMS 2(d) OR 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES --------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
1,875 (The Reporting Person has no pecuniary
OWNED BY interest in such shares.)
--------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
--------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 1,875 (The Reporting Person has no pecuniary
interest in such shares.)
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,875 (The Reporting Person has no pecuniary interest in such shares.)
- -------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN / /
SHARES*
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN (Trustee of EP)
- -------------------------------------------------------------------------------
*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. 091913103 PAGE 10 OF 15 PAGES
---------------- ---------- -----------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Donald W. Torey
S.S. No.: ###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- -------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT / /
TO ITEMS 2(d) OR 2(e)
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES --------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
1,875 (The Reporting Person has no pecuniary
OWNED BY interest in such shares.)
--------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
--------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 1,875 (The Reporting Person has no pecuniary
interest in such shares.)
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,875 (The Reporting Person has no pecuniary interest in such shares.)
- -------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN / /
SHARES*
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN (Trustee of EP)
- -------------------------------------------------------------------------------
*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>
PAGE 11 OF 15 PAGES
---------- -----------
INRODUCTORY NOTE: B. Rock, Inc., a Delaware corporation ("B. Rock"),
owns beneficially and of record 1,875 shares of the common stock of BlackRock
Fund Investors II, a Delaware business trust (the "Fund"). Each share of common
stock of the Fund corresponds to one share of common stock, par value $.01 per
share ("Common Stock"), of BlackRock Asset Investors, a Delaware business trust
("BAI"), issued by BAI to the Fund and beneficially owned, through the Fund, by
B. Rock. General Electric Pension Trust ("GEPT"), a New York common law trust,
is the sole stockholder of B. Rock. B. Rock, GEPT and the Trustees of GEPT (the
"Trustees") expressly disclaim that they are members of a "group."
ITEM 1. SECURITY AND ISSUER
This schedule relates to shares of Common Stock of BAI whose
principal executive offices are c/o BFM Advisory L.P., 345 Park
Avenue, New York, New York 10154.
ITEM 2. IDENTITY AND BACKGROUND
The names and addresses of the persons filing this schedule are:
B. Rock, whose address is 3003 Summer Street, Stamford,
Connecticut 06905; GEPT, whose address is 3003 Summer Street,
Stamford, Connecticut 06905; and the Trustees consisting of the
following individuals: Dale F. Frey, Eugene K. Bolton, Michael J.
Cosgrove, Ralph R. Layman, Alan M. Lewis, John H. Myers, and
Donald W. Torey. The Trustees' business address is 3003 Summer
Street, Stamford, Connecticut 06905. The Trustees are all United
States citizens.
The Trustees are employees of General Electric Company, a New
York corporation ("GE"), whose address is 335 Easton Turnpike,
Fairfield, Connecticut. Dale F. Frey is also a director and the
Chairman of the board of directors and President of GE Investment
Management Incorporated, a Delaware corporation ("GEIM"), and
General Electric Investment Corporation, a Delaware corporation
("GEIC"). The other Trustees are all directors and Executive
Vice Presidents of GEIM and GEIC. The business address of GEIM
and GEIC is 3003 Summer Street, Stamford, Connecticut 06905.
B. Rock is engaged in the business of holding securities. GEPT
is an employee benefit plan within the meaning of Title I of
ERISA. GE is a large diversified industrial corporation. GEIM
and GEIC are registered investment advisers.
None of B. Rock, GEPT or the Trustees of GEPT has, during the
last five years, been (i) convicted in a criminal proceeding or
(ii) a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of
which such entity or individual was or is subject to a judgment,
decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such
laws.
<PAGE>
PAGE 12 OF 15 PAGES
---------- -----------
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The aggregate purchase price for the 1,875 shares of common stock
of the Fund purchased by B. Rock was $1,875,000. The aggregate
purchase price for the corresponding 1,875 shares of Common Stock
of BAI purchased by the Fund was $1,875,000. No money was
borrowed by B. Rock to effect the stock purchase. The source of
such funds was working capital of GEPT contributed to B. Rock.
ITEM 4. PURPOSE OF TRANSACTION
The purchase of the shares of common stock of the Fund by B. Rock
was made for the purpose of making, through the Fund, an
investment in the Common Stock of BAI. The Fund is a registered
closed-end investment company whose sole asset is Common Stock of
BAI. BAI is also a registered closed-end investment company.
B. Rock will in the future acquire additional shares of common
stock of the Fund to the extent necessary to maintain 10%
beneficial ownership of the Common Stock of BAI up to a maximum
investment of $60 million. The reporting persons have no present
plans or proposals to effect one or more of the transactions
enumerated in paragraphs (b) through (j) of Item 4 of Schedule
13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As of the close of business on April 7, 1995, B. Rock
beneficially owned 1,875 shares of common stock of the Fund
representing approximately 45.8% of the outstanding common stock
of the Fund and 10% of the outstanding Common Stock of BAI.
(b) B. Rock, GEPT and the Trustees of GEPT share the power to vote or
direct the vote of the 1,875 shares of Common Stock of BAI
beneficially owned by B. Rock and share the power to dispose or
direct the disposition of the 1,875 shares of Common Stock of BAI
beneficially owned by B. Rock.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
The Fund, BlackRock Financial Management L.P. and B. Rock are
parties to a Subscription Agreement relating to the shares of the
Fund (the "Fund Subscription Agreement"). Pursuant to the Fund
Subscription Agreement, B. Rock agreed to make a Capital
Commitment to the Fund equal to a Capital Commitment of 10% of
the aggregate Capital Commitments of BAI, subject to a maximum of
$60 million.
BAI, BlackRock Financial Management, L.P. and the Fund are
parties to a Subscription Agreement relating to the Common Stock
of BAI (the "BAI Subscription Agreement"). Pursuant to the BAI
Subscription Agreement, the Fund will purchase Common Stock of
BAI corresponding to purchases of the Fund's common stock by B.
Rock.
<PAGE>
PAGE 13 OF 15 PAGES
---------- -----------
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit 10.1 Subscription Agreement, dated January 13, 1995 among BlackRock Fund
Investors II, BlackRock Financial Management L.P. and B. Rock
(incorporated by reference from the Schedule 13D of B. Rock, GEPT
and the Trustees dated April 10, 1995 with respect to BlackRock
Fund Investors II).
Exhibit 10.2 Form of Subscription Agreement among BlackRock Asset Investors,
BlackRock Financial Management L.P. and BlackRock Fund Investors
II (incorporated by reference from the Schedule 13D of B. Rock,
GEPT and the Trustees dated April 10, 1995 with respect to
BlackRock Fund Investors II).
Exhibit 24.1 Power of Attorney of B. Rock (incorporated by reference from the
Schedule 13D of B. Rock, GEPT and the Trustees dated April 10, 1995
with respect to BlackRock Fund Investors II).
Exhibit 24.2 Power of Attorney of GEPT (incorporated by reference from the
Schedule 13D of B. Rock, GEPT and the Trustees dated April 10,
1995 with respect to BlackRock Fund Investors II).
Exhibit 24.3 Power of Attorney of the Trustees of GEPT (incorporated by
reference from the Schedule 13D of B. Rock, GEPT and the Trustees
dated April 10, 1995 with respect to BlackRock Fund Investors II).
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of each of the undersigned's
knowledge and belief, each of the undersigned certifies that the information set
forth in this statement is true, complete and correct.
Dated: April 10, 1995
B. ROCK, INC.
* By: *
- ------------------------------- ------------------------------------
Dale F. Frey Alan M. Lewis
Attorney-in-fact
* GENERAL ELECTRIC PENSION TRUST
- -------------------------------
Eugene K. Bolton
* By: *
- ------------------------------- ------------------------------------
Michael J. Cosgrove Alan M. Lewis, Trustee
Attorney-in-fact
* *
- ------------------------------- ------------------------------------
Ralph R. Layman John H. Myers
* *
- ------------------------------- ------------------------------------
Alan M. Lewis Donald W. Torey
* /s/ Alan M. Lewis
--------------------------------------
By: Alan M. Lewis
Attorney in Fact
<PAGE>
Schedule I
JOINT FILING AGREEMENT
The undersigned parties hereby agree that the Schedule 13D filed
herewith (and any amendments thereto) is being filed jointly with the Securities
and Exchange Commission pursuant to Section 13d-1(f)(1) on behalf of each such
person.
Dated: April 10, 1995
GENERAL ELECTRIC PENSION TRUST
* By: *
- ------------------------------- ------------------------------------
Dale F. Frey Alan M. Lewis
Attorney-in-fact
* B. ROCK, INC.
- -------------------------------
Eugene K. Bolton
* By: *
- ------------------------------- ------------------------------------
Michael J. Cosgrove Alan M. Lewis, Trustee
Attorney-in-fact
* *
- ------------------------------- ------------------------------------
Ralph R. Layman John H. Myers
* *
- ------------------------------- ------------------------------------
Alan M. Lewis Donald W. Torey
* /s/ Alan M. Lewis
---------------------------------------
By: Alan M. Lewis
Attorney in Fact
