UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
NATIONAL GOLF PROPERTIES, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
63623G109
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(CUSIP Number)
Page 1 of 4
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CUSIP 63623G109 Page 2 of 4
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Item 1. NAME OF REPORTING PERSON
Schwerin Boyle Capital Management, Inc.
IRS 04-3057484
Item 4. CITIZENSHIP OR PLACE OF ORGANIZATION
Schwerin Boyle is a Massachusetts (USA) corporation.
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NUMBER OF : Item 5. SOLE VOTING POWER
SHARES : 47,500
BENEFICIALLY : Item 6. SHARED VOTING POWER
OWNED BY : -0-
EACH : Item 7. SOLE DISPOSITIVE POWER
REPORTING : 550,322
PERSON : Item 8. SHARED DISPOSITIVE POWER
WITH : -0-
- ---------------------------------------------------------
Item 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
550,322
Item 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.45%
Item 12. TYPE OF REPORTING PERSON
IA, CO
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Page 3 of 4
Item 1.
(a) Name of Issuer: National Golf Properties, Inc.
(b) Address of Issuer's Principal Executive Offices:
2951 28th St., #3001, Santa Monica, CA 90405
Item 2.
(a) Name of Person Filing:
Schwerin Boyle Capital Management, Inc.
(hereinafter, Schwerin Boyle)
(b) Address of Principal Business Office or,
if none, Residence:
Schwerin Boyle is a Massachusetts corporation
whose principal business address is
1391 Main St., Springfield, MA 01103.
(c) Citizenship:
Schwerin Boyle is a Massachusetts (USA) corporation.
(d) Title of Class of Securities: Common
(e) CUSIP Number: 63623G109
Item 3. If this statement is filed pursuant to Rule 13d-1(b),
or 13d-2(b), check whether the person filing is an:
(e) [X] Investment Adviser registered under section 203
of the Investment Advisers Act of 1940.
Item 4. Ownership
(a) Amount Beneficially Owned: 550,322
(b) Percent of Class: 4.45%
(c) Number of Shares as to which such person has:
(i) sole power to vote or direct the vote: 47,500
(ii) shared power to vote or direct the vote: -0-
(iii) sole power to dispose or to direct the
disposition of: 550,322
(iv) shared power to dispose or to direct the
disposition of: -0-
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Page 4 of 4
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 [X].
Item 6. Ownership of More than Five Percent on Behalf of Another
Person
N/A
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company
N/A
Item 8. Identification and Classification of Members of the Group
N/A
Item 9. Notice of Dissolution of Group
N/A
Item 10. Certification
By signing below I certify that, to the best of my 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
purposes or effect.
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.
Date: March 28, 1997
Signature:
/s/ M. Eleanor Murphy
M. Eleanor Murphy, Vice President
