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OMB Number: 3235-0145
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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. 4)*
MONACO COACH CORPORATION
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(NAME OF ISSUER)
Common Stock
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(TITLE OF CLASS OF SECURITIES)
60886R 10 3
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(CUSIP NUMBER)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing of 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 5 Pages
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CUSIP NO. 60886R 10 3 13G PAGE 2 OF 5 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kay L. Toolson SSN: ###-##-####
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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
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5 SOLE VOTING POWER
472,107
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6 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY N/A
OWNED BY EACH --------------------------------------------------
REPORTING PERSON 7 SOLE DISPOSITIVE POWER
WITH
472,107
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8 SHARED DISPOSITIVE POWER
N/A
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
472,107
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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
8.6%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT
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CUSIP No. 60886R 10 3 Page 3 of 5 Pages
ITEM 1.
(a) NAME OF ISSUER Monaco Coach Corporation
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
91320 Industrial Way
Coburg, OR 97408
ITEM 2.
(a) NAME OF PERSON FILING
Kay L. Toolson
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
91320 Industrial Way
Coburg, OR 97408
(c) CITIZENSHIP
United States
(d) TITLE OF CLASS OF SECURITIES
Common Stock
(e) CUSIP NUMBER
60886R 10 3
ITEM 3. N/A
ITEM 4.
(a) AMOUNT BENEFICIALLY OWNED
466,107 Common Shares held at 12/31/96
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6,000 Common Shares under stock options exercisable within 60
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days
(b) PERCENT OF CLASS
8.6%
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CUSIP No. 60886R 10 3 Page 4 of 5 Pages
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
<TABLE>
<S> <C> <C>
(i) Sole power to vote or to direct the vote 472,107
(ii) Shared power to vote or to direct the vote N/A
(iii) Sole power to dispose or direct the disposition of 472,107
(iv) Shared power to dispose or direct the disposition of N/A
</TABLE>
ITEM 5. N/A
ITEM 6. N/A
ITEM 7. N/A
ITEM 8. N/A
ITEM 9. N/A
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CUSIP No. 60886R 10 3 Page 5 of 5 Pages
ITEM 10.
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.
2/11/98
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Date
/s/ Kay L. Toolson
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Signature
Kay L. Toolson CEO
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Name/Title
