MONACO COACH CORP /DE/
SC 13G, 2000-02-28
MOTOR VEHICLES & PASSENGER CAR BODIES
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.  20549

                                  SCHEDULE 13G

             Information Statement Pursuant to Rules 13d-1 and 13d-2
                    Under the Securities Exchange Act of 1934
                                (Amendment No.  )*

                            Monaco Coach Corporation
                                 (Name of Issuer)

                     Common Stock, Par Value $0.01 Per Share
                          (Title of Class of Securities)

                                    60886R103
                                  (CUSIP Number)

                                February 18, 2000
             (Date of Event Which Requires Filing of This Statement)

     Check  the  appropriate box to designate the rule pursuant  to  which  this
Schedule is filed:

     / /  Rule 13d-1(b)
     /X/  Rule 13d-1(c)
     / /  Rule 13d-1(d)

*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).

**The  total  number  of  shares  reported herein  is  1,110,000  shares,  which
constitutes  approximately 5.9% of the total number of shares outstanding.   All
ownership  percentages set forth herein assume that there are 18,861,529  shares
outstanding.















<PAGE>

CUSIP No. 60886R103

1.   Name of Reporting Person:

     Wesley Guylay Capital Management, L.P.

2.   Check the Appropriate Box if a Member of a Group:
                                                        (a) / /

                                                        (b) /X/

3.   SEC Use Only

4.   Citizenship or Place of Organization: Texas

               5.   Sole Voting Power: 960,808 (1)
Number of
Shares
Beneficially   6.   Shared Voting Power: -0-
Owned By
Each
Reporting      7.   Sole Dispositive Power: 960,808 (1)
Person
With
               8.   Shared Dispositive Power: -0-

9.   Aggregate Amount Beneficially Owned by Each Reporting Person:

     960,808

10.  Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares:
                                                            / /

11.  Percent of Class Represented by Amount in Row (9):  5.1%

12.  Type of Reporting Person: PN

- --------------

(1)  Power is exercised by its general partner, Wesley Richard Guylay.
<PAGE>

CUSIP No. 60886R103

1.   Name of Reporting Person:

     Wesley Guylay Capital Management III, L.P.

2.   Check the Appropriate Box if a Member of a Group:
                                                        (a) / /

                                                        (b) /X/

3.   SEC Use Only

4.   Citizenship or Place of Organization: Texas

               5.   Sole Voting Power: 149,192 (1)
Number of
Shares
Beneficially   6.   Shared Voting Power: -0-
Owned By
Each
Reporting      7.   Sole Dispositive Power: 149,192 (1)
Person
With
               8.   Shared Dispositive Power: -0-

9.   Aggregate Amount Beneficially Owned by Each Reporting Person:

     149,192

10.  Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares:

                                                            / /

11.  Percent of Class Represented by Amount in Row (9):  0.8%

12.  Type of Reporting Person: PN

- --------------

(1)  Power is exercised by its general partner, Wesley Richard Guylay.
<PAGE>

Item 1(a).     Name of Issuer.

     The name of the issuer is Monaco Coach Corporation (the "Issuer").

Item 1(b).     Address of Issuer's Principal Executive Offices.

     The  principal  executive  offices  of the  Issuer  are  located  at  91320
Industrial Way, Coburg, Oregon 97408.

Item 2(a).     Names of Persons Filing.

     Pursuant to Regulation 13D-G of the General Rules and Regulations under the
Securities Exchange Act of 1934, as amended (the "Act"), the undersigned  hereby
file  this Schedule 13G Statement on behalf of Wesley Guylay Capital Management,
L.P., a Texas limited partnership ("WGCM"), and Wesley Guylay Capital Management
III,  L.P.,  a Texas limited partnership ("WGCM III") (the "Reporting Persons").
Additionally,  information  is included herein with  respect  to  the  following
person  (the  "Controlling  Person"):  Wesley  Richard  Guylay  ("Guylay").  The
Reporting   Persons  and  the  Controlling  Person  are  sometimes   hereinafter
collectively referred to as the "Item 2 Persons."  The Item 2 Persons are making
this  single,  joint filing because they may be deemed to constitute  a  "group"
within the meaning of Section 13(d)(3) of the Act, although neither the fact  of
this filing nor anything contained herein shall be deemed to be an admission  by
the Item 2 Persons that such a group exists.

Item 2(b).     Address of Principal Business Office, or if None, Residence.

     The  address of the principal business office or residence of  all  of  the
Item 2 Persons is as follows:

          30 Rockefeller Plaza, Suite 4535
          New York, New York  10112

Item 2(c).     Citizenship.

     All  of  the natural persons listed in Item 2(a) are citizens of the United
States of America.

Item 2(d).     Title of Class of Securities.

     This  Schedule 13G Statement relates to the Common Stock, par  value  $0.01
per share, of the Issuer (the "Stock").

Item 2(e).     CUSIP Number.

The CUSIP number of the Stock is 60886R103.

Item 3.   Filing Pursuant to Rules 13d-1(b) or 13d-2(b).

     This Schedule 13G Statement is not being filed pursuant to Rule 13d-1(b) or
Rule 13d-2(b) or (c).

Item 4.   Ownership.

     (a) - (b)

Reporting Persons

     WGCM

        The aggregate number of shares of the Stock that WGCM owns beneficially,
pursuant to Rule 13d-3 of the Act, is 960,808, which constitutes approximately
5.1% of the outstanding shares of the Stock.

     WGCM III

        The aggregate number of shares of the Stock that WGCM III owns
beneficially, pursuant to Rule 13d-3 of the Act, is 149,192, which constitutes
approximately 0.8% of the outstanding shares of the Stock.

Controlling Person

     Guylay

     Because  of  his position as general partner of WGCM and WGCM  III,  Guylay
may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner  of
1,110,000  shares  of  the Stock, which constitutes approximately  5.9%  of  the
outstanding shares of the Stock.

     To  the best of the knowledge of each of the Item 2 Persons, other than  as
set  forth  above, none of the persons named in Item 2 herein is the  beneficial
owner of any shares of the Stock.

      (c)

Reporting Persons

     WGCM

        Acting  through its general partner, WGCM has the sole power to vote  or
to  direct  the vote and to dispose or to direct the disposition of an aggregate
of 960,808 shares of the Stock.

     WGCM III

        Acting through its general partner, WGCM III has the sole power to  vote
or  to  direct  the  vote  and to dispose or to direct  the  disposition  of  an
aggregate of 149,192 shares of the Stock.

Controlling Person

     Guylay

        As  the general partner of WGCM and WGCM III, Guylay has the sole  power
to  vote  or  to direct the vote and to dispose or to direct the disposition  of
1,110,000 shares of the Stock.

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.

        No  person other than the Item 2 Persons has the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the sale of,
the shares of the Stock owned by them.

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.

        This  Schedule  13G Statement is being filed on behalf of  each  of  the
Item 2 Persons pursuant to Rules 13d-1(c) and 13d-1(k)(1)(iii).  The identity of
each of the Item 2 Persons is set forth in Item 2(a) hereof.

Item 9.   Notice of Dissolution of Group.

        Not Applicable.

Item 10.  Certification.

     By  signing  below I certify that, to the best of my knowledge and  belief,
the  securities  referred to above were not acquired and are not  held  for  the
purpose  of  or  with the effect of changing or influencing the control  of  the
issuer  of  the securities and were not acquired and are not held in  connection
with or as a participant in any transaction having that purpose or effect.

<PAGE>

     After  reasonable inquiry and to the best of our knowledge and  belief,  we
certify  that the information set forth in this statement is true, complete  and
correct.

     DATED:     February 28, 2000


                            WESLEY GUYLAY CAPITAL MANAGEMENT, L.P.


                            By: /s/ Wesley Richard Guylay
                                 Wesley Richard Guylay,
                                 General Partner

Jeffrey J. Brown,
 President
                            WESLEY GUYLAY CAPITAL MANAGEMENT III, L.P.


                            By: /s/ Wesley Richard Guylay
                                 Wesley Richard Guylay,
                                 General Partner






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