UNITED STATES OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION OMB Number: 3235-0145
Washington, D.C. 20549 Expires: December 31, 1997
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SCHEDULE 13G
INFORMATION STATEMENT PURSUANT
TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Mid Ocean Limited
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(Name of Issuer)
Class A Ordinary Shares, par value $.20 per share
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(Title of Class of Securities)
G6106110 0
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(CUSIP Number)
Check the following box if a fee is being paid with this statement
[X]. (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>
CUSIP No. G6106110 0 13G Page 2 of 6
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kamehameha Schools/Bernice P. Bishop Estate
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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
Hawaii
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5 SOLE VOTING POWER
NUMBER OF
SHARES 1,860,000
BENEFICIALLY --------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING --
PERSON --------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
--
--------------------------------------------
8 SHARED DISPOSITIVE POWER
--
--------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,860,000
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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
EXCLUDES CERTAIN SHARES *
5.7%
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12 TYPE OF REPORTING PERSON*
00 - Educational Trust
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* SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
Page 3 of 6
Item 1. (a) Name of Issuer
Mid Ocean Limited
(b) Address of Issuer's Principal Executive Offices
Richmond House
12 Par-la-Ville Road
Hamilton HM 08, Bermuda
Item 2. (a) Name of Person Filing
Kamehameha Schools/Bernice P. Bishop Estate
(b) Address of Principal Business Office, or,
if none, Residence
Suite 200
567 South King Street
Honolulu, Hawaii 96801
(c) Citizenship
State of Hawaii
(d) Title of Class of Securities
Class A Ordinary Shares, par value $.20
per share
(e) CUSIP Number
G6106110 0
Item 3. If this statement is filed pursuant to Rule 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
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Page 4 of 6
(e) [ ] Investment Adviser registered under section 203 of the
Investment Advisers 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; see
ss.240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with
ss.240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(H)
Item 4. Ownership
(a) Amount Beneficially Owned
1,860,000
(b) Percent of Class
5.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
1,860,000
(ii) shared power to vote or to direct the vote:
0
(iii) sole power to dispose or to direct the
disposition of:
1,860,000
(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
<PAGE>
Page 5 of 6
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
[Signature on next page]
<PAGE>
Page 6 of 6
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: September 11, 1996
KAMEHAMEHA SCHOOLS/BERNICE P.
BISHOP ESTATE
By /s/ Henry H. Peters
-----------------------------------
Name: Henry H. Peters
Title: Treasurer
