SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 9)
NATIONAL R.V. HOLDINGS, INC.
(Name of Issuer)
Common Stock par value $0.01
(Title of Class of Securities)
637277104
(CUSIP Number)
Stephen M. Davis, Esq.
Werbel & Carnelutti
A Professional Corporation
711 Fifth Avenue, New York, New York 10022, (212) 832-8300
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
February 10, 1998
(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 13-d-
1(b)(3) or (4), check the following box [ ].
The information required on the remainder of this cover page
shall not be deemed to be "filed" for the purposes 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 41 Pages<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- ------------------
CUSIP No. 637277104 Page 2 of 41 Pages
- ------------------- ------------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Gary N. Siegler
- ----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- ----------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------
4 SOURCE OF FUNDS
PF, 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
- ----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- ----------------------------------------------------------------
7 SOLE VOTING POWER
609,330 (Includes 313,750 options)
- ----------------------------------------------------------------
8 SHARED VOTING POWER
1,017,668
- ----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
609,330 (Includes 313,750 options)
- ----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,017,668
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,626,998 (Includes 313,750 options)
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.8%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 3 of 41 Pages
- ------------------- -----------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Peter M. Collery
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
PF, 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
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
108,000 (includes 82,500 underlying options)
- -----------------------------------------------------------------
8 SHARED VOTING POWER
970,963
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
108,000 (includes 82,500 underlying options)
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
970,963
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,078,963 (includes 82,500 underlying options)
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.0%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 4 of 41 Pages
- ------------------- -----------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Arena-NRV Investors, L.P.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- -----------------------------------------------------------------
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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
57,408
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
57,408
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
57,408
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.9%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 5 of 41 Pages
- ------------------- -----------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
The SC Fundamental Value Fund, L.P.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC, 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
Delaware
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
404,383
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
404,383
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
404,383
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.5%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 6 of 41 Pages
- ------------------- -----------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
SC Fundamental Value BVI, Inc.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(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
Delaware
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- ----------------------------------------------------------------
8 SHARED VOTING POWER
197,411
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
197,411
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
197,411
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.2%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 7 of 41 Pages
- ------------------- ------------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
SC Fundamental Inc.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(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
Delaware
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
404,383
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
404,383
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
404,383
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.5%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 8 of 41 Pages
- ------------------- -----------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Siegler, Collery & Co.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(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
Delaware
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
223,832
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
223,832
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
223,832
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.6%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 9 of 41 Pages
- ------------------- -----------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Siegler, Collery & Co. Employees' Savings and Profit Sharing
Plan
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- -----------------------------------------------------------------
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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
19,345
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
19,345
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,345
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
EP
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 10 of 41 Pages
- ------------------- -----------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
R.V. Dolphin Partners, L.P.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- -----------------------------------------------------------------
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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
58,017
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
58,017
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
58,017
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.9%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 11 of 41 Pages
- ------------------- -----------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Dolphin Partners II, L.P.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- -----------------------------------------------------------------
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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
10,567
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
10,567
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,567
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
- ----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 12 of 41 Pages
- ------------------- -----------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Insight Investors, L.P.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- -----------------------------------------------------------------
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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
96,771
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
96,771
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
96,771
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.5%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
=================================================================
<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 13 of 41 Pages
- ------------------- -----------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Motorhome Partners, L.P.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- -----------------------------------------------------------------
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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
6,790
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,790
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,790
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 14 of 41 Pages
- ------------------- -----------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
SC-BVI Partners
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(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
Delaware
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
197,411
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
197,411
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
197,411
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.2%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 15 of 41 Pages
- ------------------- -----------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
SC Fundamental Value BVI, Ltd.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC, 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
British Virgin Islands
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
197,411
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
197,411
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
197,411
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.2%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 16 of 41 Pages
- ------------------- -----------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
SC Fundamental, LLC
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(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
New York
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
404,383
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
404,383
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
404,383
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.5%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 17 of 41 Pages
- ------------------- -----------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
The Gary N. Siegler Foundation
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(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
New York
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
46,705
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
46,705
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
46,705
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.7%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 18 of 41 Pages
- ------------------- -----------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
SC-Dolphin, Inc.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(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
Delaware
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
68,584
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
68,584
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
68,584
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.1%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 19 of 41 Pages
- ------------------- -----------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Arena Capital Corp.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(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
Delaware
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
57,408
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
57,408
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
57,408
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.9%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 20 of 41 Pages
- ------------------- -----------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Neil H. Koffler
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC, 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
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
60,028 (Includes 56,250 options)
- -----------------------------------------------------------------
8 SHARED VOTING POWER
601,794
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
60,028 (Includes 56,250 options)
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
601,794
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
661,822 (Includes 56,250 options)
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.5%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
<PAGE>
<PAGE>
SCHEDULE 13D
- ---------------------- --------------------
CUSIP No. 6372771104 Page 21 of 41 Pages
- ---------------------- --------------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Curtis G. Macnguyen
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- -----------------------------------------------------------------
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
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
7,500 (constitutes 7,500 shares underlying options.)
- -----------------------------------------------------------------
8 SHARED VOTING POWER
601,794
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
7,500 (constitutes 7,500 shares underlying options.)
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
601,794
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
609,294 (constitutes 7,500 shares underlying options.)
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.7%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
=================================================================
<PAGE>
<PAGE> Page 22 of 41 Pages
AMENDMENT NO. 9
TO THE
SCHEDULE 13D
This statement constitutes Amendment No. 9 to the
Schedule 13D relating to the Common Stock, par value $0.01 per
share ("Common Stock"), of National R.V. Holdings, Inc. (the
"Issuer") filed by SC Fundamental Inc. ("SC"), The SC Fundamental
Value Fund, L.P. ("Fund"), SC Fundamental Value BVI, Inc. ("BVI
Inc."), Gary N. Siegler ("Siegler"), Peter M. Collery
("Collery"), Siegler, Collery & Co ("SCC"), Siegler, Collery &
Co. Employees' Savings and Profit Sharing Plan ("Employee Plan"),
R.V. Dolphin Partners, L.P. ("R.V.-Dolphin"), Dolphin Partners
II, L.P. ("Dolphin II"), Insight Investors, L.P. ("Insight"),
Arena-NRV Investors, L.P. ("Arena") and Motorhome Partners, L.P.
("Motorhome"), and adds The Gary N. Siegler Foundation
("Foundation"), Arena Capital Corp. ("Capital"), SC-Dolphin, Inc.
("Dolphin"), SC Fundamental, LLC ("SCFLLC"), SC Fundamental Value
BVI, Ltd. ("BVI Fund"), SC-BVI Partners, Neil H. Koffler
("Koffler") and Curtis G. Macnguyen ("Macnguyen") as members of a
joint filing group with the foregoing persons (collectively, the
"Reporting Persons").
Item 2. Identity and Background.
SCFLLC is a New York limited liability company and,
effective as of January 1, 1998, became the general partner of
Fund. The principal business of SCFLLC is serving in such
capacity and investing in securities. The business address of
SCFLLC is 10 East 50th Street, New York, New York 10022. During
the last five years, neither SCFLLC nor any of its members has
been (i) convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or (ii) a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding has been or is
subject to a judgment, decree or final order enjoining future
violation of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation with
respect to such laws. The name, position and business address of
each member of SCFLLC is set forth on Exhibit B attached hereto.
BVI Fund is a British Virgin Islands Company. The
principal business of BVI Fund is investing in securities. The
business address of BVI Fund is c/o Citco Fund Services (Cayman
Islands) Ltd., Corporate Center, West Bay Road, Grand Cayman,
Cayman Islands. During the last five years, neither BVI Fund nor
any of its directors or officers has been (i) convicted in a
criminal proceeding (excluding traffic violations or similar <PAGE>
<PAGE> Page 23 of 41 Pages
misdemeanors) or (ii) a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction and as a result
of such proceeding has been or is subject to a judgment, decree
or final order enjoining future violation of, or prohibiting or
mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws. The name,
position, business address and citizenship of the directors and
executive officers of BVI Fund are set forth on Exhibit B hereto.
SC-BVI Partners is a Delaware general partnership. The
principal business of SC-BVI Partners is serving as the
investment manager of BVI Fund and investing in securities. The
business address of SC-BVI Partners is 10 East 50th Street, New
York, New York 10022. During the last five years, neither SC-BVI
Partners nor any of its general partners has been (i) convicted
in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or (ii) a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction and as a result
of such proceeding has been or is subject to a judgment, decree
or final order enjoining future violation of, or prohibiting or
mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws. The name,
position and business address of the general partners of SC-BVI
Partners are set forth on Exhibit B hereto.
Foundation is a Delaware not-for-profit corporation.
The business address of Foundation is 10 East 50th Street, New
York, New York 10022. During the last five years, neither
Foundation nor any of its directors or officers has been (i)
convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors) or (ii) a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction and
as a result of such proceeding has been or is subject to a
judgment, decree or final order enjoining future violation of, or
prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such
laws. The name, position, business address and citizenship of
the sole director and executive officer of Foundation is set
forth on Exhibit B attached hereto.
Capital is a Delaware corporation and the principal
business of Capital is serving as general partner of Arena. The
business address of Capital is 10 East 50th Street, New York, New
York 10022. During the last five years, neither Capital nor any
of its directors or officers has been (i) convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors)
or (ii) a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of
such proceeding has been or is subject to a judgment, decree or<PAGE>
<PAGE> Page 24 of 41 Pages
final order enjoining future violation of, or prohibiting or
mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws.
Dolphin is a Delaware corporation and the principal
business of Dolphin is serving as general partner of R.V.-Dolphin
and Dolphin II. The business address of Dolphin is 10 East 50th
Street, New York, New York 10022. During the last five years,
neither Dolphin nor any of its directors or officers has been (i)
convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors) or (ii) a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction and
as a result of such proceeding has been or is subject to a
judgment, decree or final order enjoining future violation of, or
prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such
laws.
Koffler is a citizen of the United States having a
business address at c/o SC Fundamental, LLC, 10 East 50th Street,
New York, New York 10022. The principal occupation of Koffler is
acting as an employee member of SCFLLC and as Vice President,
Treasurer and Secretary of 712 Advisory Services, Inc. Koffler
also serves as a director of the Issuer. During the last five
years, Koffler has not been (i) convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors)
or (ii) a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of
such proceeding has been 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.
Macnguyen is a citizen of the United States having a
business address at c/o SC Fundamental, LLC, 712 Fifth Avenue,
New York, New York 10019. The principal occupation of Macnguyen
is acting as an employee member of SCFLLC. During the last five
years, Macnguyen has not been (i) convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors)
or (ii) a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of
such proceeding has been 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> Page 25 of 41 Pages
Item 3. Source and Amount of Funds of Other Consideration
As of January 1, 1998, SCFLLC became the substitute
general partner of Fund in place of SC and, as a consequence,
became a beneficial owner of the shares of Common Stock
beneficially owned by SC without the payment of any
consideration. SC, as a corporate member and manager of SCFLLC,
continues as a beneficial owner of such shares. As described in
Item 5 hereof, both SCFLLC and SC are affiliates of Siegler and
Collery.
As of January 1, 1998, Koffler and Macnguyen became
members of SCFLLC and executed a binding term sheet relating to
the restructuring of the ownership of the entities which control
BVI Fund.
Foundation received as charitable donations from
Siegler 26,644 shares and 20,061 shares of Common Stock on
December 23, 1997 and May 30, 1997, respectively. On December
23, 1997, Siegler also made a charitable donation of 8,500 shares
of Common Stock to an unaffiliated charitable organization.
Koffler owns directly 3,778 shares of Common Stock.
Koffler also received options to purchase an aggregate of 56,250
shares of Common Stock from the Issuer as compensation for
services as a director of the Issuer, as follows: options to
purchase 7,500 shares at $4.00 per share on September 20, 1993,
options to purchase 7,500 shares at $6.92 per share on November
29, 1993, options to purchase 3,750 shares at $5.00 per share on
December 30, 1994, options to purchase 15,000 shares at $5.625
per share on September 28, 1995 and options to purchase 22,500
shares at $14.00 per share on October 2, 1996.
On November 29, 1993, as consideration for services
rendered to the issuer, the Issuer granted to Macnguyen options
to purchase an aggregate of 7,500 shares of Common Stock at $6.92
per share.
Item 5. Interest in Securities of the Issuer
(a) As of the close of business on February 10, 1998,
the Reporting Persons, by virtue of the language of Rule
13d-3(d)(1)(i), may be deemed to own beneficially in the
aggregate the number and percentage of the Issuer's Common Stock
set forth opposite their names below (based upon 6,254,133 Shares
that were reported to be outstanding in the Issuer's Form 10-Q as
of September 30, 1997).
<PAGE>
<PAGE> Page 26 of 41 Pages
<TABLE>
<CAPTION>
=================================================================
Shares of
Name Common Stock Percentage
- -----------------------------------------------------------------
<S> <C> <C>
SC Fundamental Inc. 404,383 6.5%
- -----------------------------------------------------------------
The SC Fundamental Value Fund, L.P. 404,383 6.5%
- -----------------------------------------------------------------
SC Fundamental Value BVI, Inc. 197,411 3.2%
- -----------------------------------------------------------------
Gary N. Siegler (1) 1,626,998 24.8%
- -----------------------------------------------------------------
Peter M. Collery (2) 1,078,963 17.0%
- -----------------------------------------------------------------
Arena-NRV Investors, L.P. 57,408 0.9%
- -----------------------------------------------------------------
Arena Capital Corp. 57,408 0.9%
- -----------------------------------------------------------------
Dolphin Partners II, L.P. 10,567 0.2%
- -----------------------------------------------------------------
Motorhome Partners, L.P. 6,790 0.1%
- -----------------------------------------------------------------
Insight Investors, L.P. 96,771 1.5%
- -----------------------------------------------------------------
R.V. Dolphin Partners, L.P. 58,017 0.9%
- -----------------------------------------------------------------
Siegler, Collery & Co. 223,832 3.6%
- -----------------------------------------------------------------
Siegler, Collery & Co. Employee's
Savings and Profit Sharing Plan 19,345 0.3%
- -----------------------------------------------------------------
SC-BVI Partners 197,411 3.2%
- -----------------------------------------------------------------
SC Fundamental Value BVI, Ltd. 197,411 3.2%
- -----------------------------------------------------------------
SC Fundamental, LLC 404,383 6.5%
- -----------------------------------------------------------------
The Gary N. Siegler Foundation 46,705 0.7%
- -----------------------------------------------------------------
SC-Dolphin, Inc. 68,584 1.1%
- -----------------------------------------------------------------
Neil H. Koffler(3) 661,822 10.5%
- -----------------------------------------------------------------
Curtis G. Macnguyen 609,294 9.7%
=================================================================
<FN>
- ------------
</TABLE>
<PAGE>
<PAGE> Page 27 of 41 Pages
- ---------------------
(1) Includes 313,750 shares underlying options.
(2) Includes 82,500 shares underlying options.
(3) Includes 56,250 shares underlying options.
(b) Siegler and Collery, by virtue of their status as
principal members of SCFLLC, the general partner of Fund, and as
the controlling stockholders, directors and executive officers of
SC, the corporate member and manager of SCFLLC, may be deemed to
share with Fund, SCFLLC and SC the power to vote or direct the
vote and to dispose or to direct the disposition of shares of
Common Stock of which Fund is the direct beneficial owner.
Koffler and Macnguyen, by virtue of their status as employee
members of SCFLLC, the general partner of Fund, may be deemed to
share with Fund and SCFLLC the power to vote or direct the vote
and to dispose or to direct the disposition of shares of Common
Stock of which Fund is the direct beneficial owner.
Siegler and Collery, by virtue of their status as
controlling stockholders, directors and executive officers of BVI
Inc., the managing general partner of SC-BVI Partners, which is
the investment manager of BVI Fund, may be deemed to share with
BVI Inc., SC-BVI Partners and BVI Fund the power to vote or
direct the vote and to dispose or direct the disposition of
shares of Common Stock of which BVI Fund is the direct beneficial
owner. Koffler and Macnguyen, by virtue of their execution of a
binding term sheet relating to the restructuring of the ownership
of the entities which control BVI Fund, may be deemed to share
with BVI Fund the power to vote or direct the vote and to dispose
or direct the disposition of shares of Common Stock of which BVI
Fund is the direct beneficial owner. Because BVI Fund and SC-BVI
Partners could be deemed to share with BVI Inc. the power to vote
or direct the vote and the power to dispose or direct the
disposition of such shares of Common Stock (and as to which BVI
Inc. exercises such power), BVI Fund and SC-BVI Partners have
been added as Reporting Persons.
Siegler and Collery, by virtue of their status as
controlling stockholders, directors and executive officers of
Dolphin, the general partner of R.V.-Dolphin and Dolphin II, may
be deemed to share with Dolphin, R.V.-Dolphin and Dolphin II the
power to vote or direct the vote and to dispose or direct the
disposition of shares of Common Stock of which each of R.V.-
Dolphin and Dolphin II is the direct beneficial owner.
Siegler and Collery, by virtue of their status as
controlling stockholders, directors and executive officers of
Capital, the general partner of Arena, may be deemed to share
with Capital and Arena the power to vote or direct the vote and <PAGE>
<PAGE> Page 28 of 41 Pages
to dispose or direct the disposition of shares of Common Stock of
which Arena is the direct beneficial owner.
Siegler and Collery, by virtue of their status as
controlling stockholders, directors and executive officers of
SCC, the general partner of each of Motorhome and Insight, may be
deemed to share with SCC, Motorhome and Insight the power to vote
or direct the vote and to dispose or direct the disposition of
shares of Common Stock of which each of SCC, Motorhome and
Insight is the direct beneficial owner.
Siegler and Collery, by virtue of their status as
trustees of the Employee Plan, may be deemed to share with
Employee Plan the power to vote or direct the vote and to dispose
or direct the disposition of shares of Common Stock of which
Employee Plan is the direct beneficial owner.
Siegler, by virtue of his status as the sole
director and officer of Foundation, may be deemed to share with
Foundation the power to vote or direct the vote and to dispose or
to direct the disposition of shares of Common Stock of which
Foundation is the direct beneficial owner.
Siegler has the sole power to vote or direct the
vote and to dispose or to direct the disposition of 609,330
shares of Common Stock of which he is the direct beneficial
owner.
Collery has the sole power to vote or direct the
vote and to dispose or to direct the disposition of 108,000
shares of Common Stock of which he is the direct beneficial
owner.
Koffler has the sole power to vote or direct the
vote and to dispose or to direct the disposition of 60,028 shares
of Common Stock of which he is the direct beneficial owner.
Macnguyen has the sole power to vote or direct the
vote and to dispose or to direct the disposition of 7,500 shares
of Common Stock of which he is the direct beneficial owner.
(c) The following table sets forth the transactions
effected by each of the Reporting Persons listed in Item 5(a)
during the past sixty days. Unless otherwise noted, each of the
transactions set forth below reflects a sale effected on the
Nasdaq National Market.
<PAGE>
<PAGE> Page 29 of 41 Pages
<TABLE>
<CAPTION>
=================================================================
BVI, Inc.
Trade Price Per on behalf Employee
Date Share ($) Fund of BVI Ltd. Siegler Plan
- -----------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
12/23/97 0 0 0 35,144(1)
- -----------------------------------------------------------------
02/04/98 42.563 12,450 6,455 0 995
- -----------------------------------------------------------------
02/05/98 38.321 21,890 11,360 0 1750
- -----------------------------------------------------------------
02/06/98 37.281 820 780 0 0
- -----------------------------------------------------------------
02/09/98 37.739 560 540 0 0
- -----------------------------------------------------------------
02/10/98 37.375 12,750 12,250 0 500
- -----------------------------------------------------------------
02/13/98 34.750 8,640 4,360 0 0
- -----------------------------------------------------------------
02/13/98 34.432 17,735 8,955 0 810
- -----------------------------------------------------------------
02/17/98 34.592 9,080 8,720 0 0
- -----------------------------------------------------------------
02/17/98 34.563 5,310 5,110 0 580
- -----------------------------------------------------------------
02/18/98 34.125 960 640 0 0
=================================================================
<FN>
- ------------
</TABLE>
(1) Siegler donated 26,644 shares to Foundation and 8,500
shares to American Friends of College Rabbinique de
Montreal, an unaffiliated charitable organization.
As described in Item 3 above, as of January 1, 1998,
SCFLLC became a beneficial owner of the shares of Common Stock
reported as beneficially owned by SC by virtue of SCFLLC becoming
the general partner of Fund in substitution for SC. SC, as a
corporate member and manager of SCFLLC, continues to be a
beneficial owner of such shares.
<PAGE>
<PAGE> Page 30 of 41 Pages
As described in Item 3 above, as of January 1, 1998,
Koffler and Macnguyen became members of SCFLLC and executed a
binding term sheet relating to the restructuring of the ownership
of the entities which control BVI Fund.
Item 7. Materials to be Filed as Exhibits.
Exhibit A - Joint Filing Agreement dated February 20, 1998
among the Reporting Persons.
Exhibit B - List of officers and directors for SC
Fundamental, LLC, SC Fundamental BVI, Ltd., SC-BVI Partners and
The Gary N. Siegler Foundation.
EXHIBIT INDEX
Exhibit Description
A Joint Filing Agreement dated
February 20, 1998 among the
Reporting Persons
B List of officers and directors of
SC Fundamental LLC, SC Fundamental
BVI, Ltd., SC-BVI Partners and The
Gary N. Siegler Foundation
<PAGE>
<PAGE> Page 31 of 41 Pages
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 20, 1998
SC FUNDAMENTAL INC. R.V. DOLPHIN PARTNERS, L.P.
By: SC - DOLPHIN INC.,
as General Partner
By: By:
- --------------------------- -------------------------
Neil H. Koffler as Attorney- Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery in-Fact for Peter M. Collery
Vice President(1) Vice President(1)
THE SC FUNDAMENTAL VALUE FUND, INSIGHT INVESTORS, L.P.
L.P.
By: SIEGLER, COLLERY & CO.,
as General Partner
By: SC FUNDAMENTAL, LLC.,
as General Partner ---------------------------
By: Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
- --------------------------- Vice President (1)
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
SC FUNDAMENTAL VALUE BVI, INC. DOLPHIN PARTNERS II, L.P.
By: SC-DOLPHIN, INC.,
as General Partner
By:
- --------------------------- By:
Neil H. Koffler as Attorney- ---------------------------
in-Fact for Peter M. Collery Neil H. Koffler as Attorney-
Vice President(1) in-Fact for Peter M. Collery
Vice President(1)
<PAGE>
<PAGE> Page 32 of 41 Pages
SIEGLER, COLLERY & CO.
- --------------------------- EMPLOYEES SAVINGS AND
Neil H. Koffler as Attorney- PROFIT SHARING PLAN
in-Fact for Gary N. Siegler(1)
By:
---------------------------
Neil H. Koffler as Attorney
- --------------------------- in-Fact for Peter M.
Neil H. Koffler as Attorney- Collery, Vice President(1)
in-Fact for Peter M. Collery(1)
ARENA-NRV INVESTORS, L.P.
By: ARENA CAPITAL CORP.,
as General Partner
By: By:
- ---------------------------- ---------------------------
Neil H. Koffler as Attorney- Curtis G. Macnguyen
in-Fact for Peter M. Collery
Vice President(1)
MOTORHOME PARTNERS, L.P.
By: SIEGLER, COLLERY & CO.,
as General Partner
By:
- ----------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
SIEGLER, COLLERY & CO.
By:
- ----------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
<PAGE>
<PAGE> Page 33 of 41 Pages
SC FUNDAMENTAL, LLC THE GARY N. SIEGLER
FOUNDATION
By: SC FUNDAMENTAL INC., By:
as Manager -------------------------
Neil H. Koffler, as
By: Attorney-in-Fact for
- ----------------------------- Gary N. Siegler
Neil H. Koffler as Attorney- President(1)
in-Fact for Peter M. Collery
Vice President(1)
ARENA CAPITAL CORP.
SC-BVI PARTNERS
By: SC FUNDAMENTAL VALUE BVI, INC., By:
as Managing General Partner -------------------------
Neil H. Koffler as
By: Attorney-in-Fact for
- ---------------------------- Peter M. Collery
Neil H. Koffler as Attorney- Vice President(1)
in-Fact for Peter M. Collery
Vice President(1)
SC-DOLPHIN, INC.
SC FUNDAMENTAL VALUE BVI, LTD.
BY: SC FUNDAMENTAL VALUE BVI, INC., By:
as Managing General Partner -------------------------
of Investment Manager Neil H. Koffler as
Attorney-in-Fact for
By: Peter M. Collery
- ---------------------------- Vice President(1)
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
------------------------
Neil H. Koffler
(1) Executed by Neil H. Koffler as Attorney-In-Fact for Peter M.
Collery and Gary N. Siegler. The Powers of Attorney for
Messrs. Collery and Siegler were filed as Exhibit A to
Amendment No. 5 to Schedule 13D relating to US Facilities
Corporation on August 4, 1995 and is hereby incorporated
herein by reference.
<PAGE>
<PAGE> Page 31 of 41 Pages
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 20, 1998
SC FUNDAMENTAL INC. R.V. DOLPHIN PARTNERS, L.P.
By: SC DOLPHIN, INC.,
as General Partner
By: /s/ Peter M. Collery By: /s/ Peter M. Collery
- ---------------------------- -------------------------
Neil H. Koffler as Attorney- Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery in-Fact for Peter M. Collery
Vice President(1) Vice President(1)
THE SC FUNDAMENTAL VALUE FUND, INSIGHT INVESTORS, L.P.
L.P. By: SIEGLER, COLLERY & CO.,
By: SC FUNDAMENTAL, LLC, as General Partner
as General Partner
By: /s/ Peter M. Collery
By: /s/ Peter M. Collery ----------------------------
- --------------------------- Neil H. Koffler as Attorney-
Neil H. Koffler as Attorney- in-Fact for Peter M. Collery
in-Fact for Peter M. Collery Vice President(1)
Vice President(1)
SC FUNDAMENTAL VALUE BVI, INC. DOLPHIN PARTNERS II, L.P.
By: SC-DOLPHIN, INC.,
as General Partner
By: /s/ Peter M. Collery By: /s/ Peter M. Collery
- --------------------------- ---------------------------
Neil H. Koffler as Attorney- Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery in-Fact for Peter M. Collery
Vice President(1) Vice President(1)
/s/ Gary N. Siegler SIEGLER, COLLERY & CO.
- --------------------------- EMPLOYEES SAVINGS AND
Neil H. Koffler as Attorney- PROFIT SHARING PLAN
in-Fact for Gary N. Siegler(1)
By: /s/ Peter M. Collery
-------------------------
/s/ Peter M. Collery Neil H. Koffler as Attorney
- ---------------------------- in-Fact for Peter M.
Neil H. Koffler as Attorney- Collery, Vice President(1)
in-Fact for Peter M. Collery(1)
<PAGE>
<PAGE> Page 32 of 41 Pages
ARENA-NRV INVESTORS, L.P.
By: ARENA CAPITAL CORP.,
as General Partner
By: /s/ Peter M. Collery
- -----------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
MOTORHOME PARTNERS, L.P.
By: SIEGLER, COLLERY & CO.,
as General Partner
By: /s/ Peter M. Collery
- -----------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
SIEGLER, COLLERY & CO.
By: /s/ Peter M. Collery By: /s/ Curtis G. Macnguyen
- ----------------------------- ----------------------------
Neil H. Koffler as Attorney- Curtis G. Macnguyen
in-Fact for Peter M. Collery
Vice President(1)
SC FUNDAMENTAL, LLC THE GARY N. SIEGLER FOUNDATION
By: SC FUNDAMENTAL INC., By: /s/ Gary N. Siegler
as Manager ---------------------------
Neil H. Koffler, as
By: /s/ Peter M. Collery Attorney-in-Fact for
- -------------------------- Gary N. Siegler
Neil H. Koffler as Attorney- President(1)
in-Fact for Peter M. Collery
Vice President(1)
<PAGE>
<PAGE> Page 33 of 41 Pages
ARENA CAPITAL CORP.
SC-BVI PARTNERS
By: SC FUNDAMENTAL VALUE BVI, By: /s/ Peter M. Collery
INC., as Managing General _________________________
Partner Neil H. Koffler as
By: /s/ Peter M. Collery Attorney-in-Fact for Peter
- ---------------------------- M. Collery
Neil H. Koffler as Attorney- Vice President(1)
in-Fact for Peter M. Collery
Vice President(1)
SC-DOLPHIN, INC.
SC FUNDAMENTAL VALUE BVI, LTD.
BY: SC FUNDAMENTAL VALUE By: /s/ Peter M. Collery
BVI, INC., -------------------------
as Managing General Partner Neil H. Koffler as
of Investment Manager Attorney-in-Fact for
Peter M. Collery
By: /s/ Peter M. Collery Vice President(1)
- ----------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
/s/ Neil H. Koffler
________________________
Neil H. Koffler
(1) Executed by Neil H. Koffler as Attorney-In-Fact for Peter M.
Collery and Gary N. Siegler. The Powers of Attorney for
Messrs. Collery and Siegler were filed as Exhibit A to
Amendment No. 5 to Schedule 13D relating to US Facilities
Corporation on August 4, 1995 and is hereby incorporated
herein by reference.
<PAGE>
<PAGE> Page 34 of 41 Pages
Exhibit A
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) under the Securities
Exchange Act of 1934, as amended, the persons named below agree
to the joint filing on behalf of each of them of a statement on
Schedule 13D (including amendments thereto) with respect to the
Common Stock, par value $0.01 per share, of Creative Computers,
Inc. and further agree that this Joint Filing Agreement be
included as an Exhibit to such joint filing. In evidence
thereof, the undersigned, hereby execute this Agreement this 20th
day of February, 1998.
Dated: February 20, 1998.
SC FUNDAMENTAL INC.
By:
- ----------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
THE SC FUNDAMENTAL VALUE FUND, L.P.
By: SC FUNDAMENTAL, LLC,
as General Partner
By:
- -----------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
SC FUNDAMENTAL VALUE BVI, INC.
By:
- -----------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
<PAGE>
<PAGE> Page 35 of 41 Pages
- -------------------------------
Neil H. Koffler as Attorney-in-
Fact for Gary N. Siegler(1)
- -------------------------------
Neil H. Koffler as Attorney-in-
Fact for Peter M. Collery(1)
- ----------------------------
Neil H. Koffler
R.V. DOLPHIN PARTNERS, L.P.
By: SC-Dolphin, Inc.,
as General Partner
By:
- ----------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
INSIGHT INVESTORS, L.P.
By: Siegler, Collery & Co.,
as General Partner
By:
- ---------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
DOLPHIN PARTNERS II, L.P.
By: SC-Dolphin, Inc.,
as General Partner
By:
- ------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
<PAGE>
<PAGE> Page 36 of 41 Pages
SIEGLER, COLLERY & CO.
EMPLOYEES SAVINGS AND
PROFIT SHARING PLAN
By:
- -------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
ARENA-NRV INVESTORS, L.P.
By: Arena Capital Corp.,
as General Partner
By:
- ------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
MOTORHOME PARTNERS, L.P.
By: Siegler, Collery & Co.,
as General Partner
By:
- --------------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
SIEGLER, COLLERY & CO.
By:
- ----------------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
<PAGE>
<PAGE> Page 37 of 41 Pages
SC FUNDAMENTAL, LLC
By: SC Fundamental Inc., as Manager
By:
- ------------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
SC FUNDAMENTAL VALUE BVI, LTD. SC-BVI PARTNERS
By: SC Fundamental Value BVI, By: SC Fundamental Value BVI,
Inc., as managing general Inc., as managing general
partner of investment partner
manager
By:
- ------------------------------ -----------------------------
Neil H. Koffler as Attorney-in- Neil H. Koffler as Attorney-
Fact for Peter M. Collery, in-Fact for Peter M. Collery,
Vice President(1) Vice President(1)
THE GARY N. SIEGLER FOUNDATION SC-DOLPHIN, INC.
By: By:
- --------------------------- ---------------------------
Neil H. Koffler, as Attorney- Neil H. Koffler, as Attorney-
in-Fact for Gary N. Siegler in-Fact for Peter M. Collery
President(1) Vice President(1)
ARENA CAPITAL CORP.
By: By:
- ------------------------- ___________________________
Neil H. Koffler, as Attorney- Curtis G. Macnguyen
in-Fact for Peter M. Collery
Vice President(1)
(1) Executed by Neil H. Koffler as Attorney-in-Fact for Peter M.
Collery and Gary N. Siegler. The Powers of Attorney for
Messrs. Collery and Siegler were filed as Exhibit A to
Amendment No. 5 to the Schedule 13D relating to the US
Facilities Corporation on August 4, 1995 and are hereby
incorporated herein by reference.<PAGE>
<PAGE> Page 34 of 41 Pages
Exhibit A
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) under the Securities
Exchange Act of 1934, as amended, the persons named below agree
to the joint filing on behalf of each of them of a statement on
Schedule 13D (including amendments thereto) with respect to the
Common Stock, par value $0.01 per share, of National R.V.
Holdings, Inc. and further agree that this Joint Filing Agreement
be included as an Exhibit to such joint filing. In evidence
thereof, the undersigned, hereby execute this Agreement this 20th
day of February, 1998.
Dated: February 20, 1998
SC FUNDAMENTAL INC.
By: /s/ Peter M. Collery
- ----------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
THE SC FUNDAMENTAL VALUE FUND, L.P.
By: SC FUNDAMENTAL, LLC,
as General Partner
By: /s/ Peter M. Collery
- ------------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
SC FUNDAMENTAL VALUE BVI, INC.
By: /s/ Peter M. Collery
- -----------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
/s/ Gary N. Siegler
- -----------------------------
Neil H. Koffler as Attorney-in-
Fact for Gary N. Siegler(1)
<PAGE>
<PAGE> Page 35 of 41 Pages
/s/ Peter M. Collery
- -------------------------------
Neil H. Koffler as Attorney-in-
Fact for Peter M. Collery(1)
/s/ Neil H. Koffler
- ----------------------------
Neil H. Koffler
R.V. DOLPHIN PARTNERS, L.P.
By: SC-Dolphin, Inc.,
as General Partner
By: /s/ Peter M. Collery
- ----------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
INSIGHT INVESTORS, L.P.
By: Siegler, Collery & Co.,
as General Partner
By: /s/ Peter M. Collery
- ---------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
DOLPHIN PARTNERS II, L.P.
By: SC-Dolphin, Inc.,
as General Partner
By: /s/ Peter M. Collery
- ------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
<PAGE>
<PAGE> Page 36 of 41 Pages
SIEGLER, COLLERY & CO.
EMPLOYEES SAVINGS AND
PROFIT SHARING PLAN
By: /s/ Peter M. Collery
- -------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
ARENA-NRV INVESTORS, L.P.
By: Arena Capital Corp.,
as General Partner
By: /s/ Peter M. Collery
- ------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
MOTORHOME PARTNERS, L.P.
By: Siegler, Collery & Co.,
as General Partner
By: /s/ Peter M. Collery
- --------------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
SIEGLER, COLLERY & CO.
By: /s/ Peter M. Collery
- ----------------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
<PAGE>
<PAGE> Page 37 of 41 Pages
SC FUNDAMENTAL, LLC
By: SC Fundamental Inc., as
Manager
By: /s/ Peter M. Collery
- -------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(1)
SC FUNDAMENTAL VALUE BVI, LTD. SC-BVI PARTNERS
By: SC Fundamental Value BVI, By: SC Fundamental Value BVI,
Inc., as managing general Inc., as managing general
partner of investment partner
manager
By: /s/ Peter M. Collery By: /s/ Peter M. Collery
- ------------------------------ -----------------------------
Neil H. Koffler as Attorney- Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery, in-Fact for Peter M. Collery,
Vice President(1) Vice President(1)
THE GARY N. SIEGLER FOUNDATION SC-DOLPHIN, INC.
By: /s/ Gary N. Siegler By: /s/ Peter M. Collery
- --------------------------- ---------------------------
Neil H. Koffler, as Attorney- Neil H. Koffler, as Attorney-
in-Fact for Gary N. Siegler in-Fact for Peter M. Collery
President(1) Vice President(1)
ARENA CAPITAL CORP.
By: /s/ Peter M. Collery By: /s/ Curtis G. Macnguyen
- ------------------------- ----------------------------
Neil H. Koffler, as Attorney- Curtis G. Macnguyen
in-Fact for Peter M. Collery
Vice President(1)
(1) Executed by Neil H. Koffler as Attorney-in-Fact for Peter M.
Collery and Gary N. Siegler. The Powers of Attorney for
Messrs. Collery and Siegler were filed as Exhibit A to
Amendment No. 5 to the Schedule 13D relating to the US
Facilities Corporation on August 4, 1995 and are hereby
incorporated herein by reference.<PAGE>
<PAGE> Page 38 of 41 Pages
EXHIBIT B
MEMBERS OF SC FUNDAMENTAL, LLC
The name and present principal occupation or employment
of the Members of SC Fundamental, LLC are set forth below. The
business address of each Member is 10 East 50th Street, New York,
New York 10022. All such persons are United States citizens.
<TABLE>
<CAPTION>
=================================================================
Present Principal
Name and Position Occupation or Employment
- -----------------------------------------------------------------
<S> <C>
SC Fundamental Inc. Manager of SC Fundamental, LLC
Corporate Member
- -----------------------------------------------------------------
Gary N. Siegler Principal Member of SC Fundamental,
Principal Member LLC, President of SC Fundamental
Inc., 712 Advisory Services, Inc.
and SC Fundamental BVI, Inc.
- -----------------------------------------------------------------
Peter M. Collery Principal Member of SC Fundamental,
Principal Member LLC, Vice President of SC
Fundamental Inc. and SC Fundamental
BVI, Inc.
- -----------------------------------------------------------------
Neil H. Koffler Employee Member of SC Fundamental,
Employee Member LLC and Vice President, Treasurer
and Secretary of 712 Advisory
Services Inc.
- ----------------------------------------------------------------
Curtis G. Macnguyen Employee Member of SC Fundamental,
Employee Member LLC
=================================================================
/TABLE
<PAGE>
<PAGE> Page 39 of 41 Pages
EXHIBIT B
DIRECTOR AND EXECUTIVE OFFICERS OF
SC FUNDAMENTAL VALUE BVI, LTD.
The name, address, citizenship and present principal
occupation or employment of the directors and executive officers
of SC Fundamental Value BVI, Ltd. are set forth below. The
business address of such directors and executive officers is c/o
Citco Fund Services (Cayman Islands) Ltd., Corporate Center, West
Bay Road, Grand Cayman, Cayman Islands.
<TABLE>
<CAPTION>
=================================================================
Name, Position and Present Principal
Citizenship Occupation or Employment
- -----------------------------------------------------------------
<S> <C>
Gary N. Siegler Principal Member of SC Fundamental,
Director LLC, President of SC Fundamental
United States Inc., 712 Advisory Services, Inc.
and SC Fundamental BVI, Inc.
- -----------------------------------------------------------------
Bernard Loze Principal of Loze & Associates
Director
France
- -----------------------------------------------------------------
David M. Mills Partner of Withers Solicitors
Director
England
- -----------------------------------------------------------------
Anthony Stocks Director of International Fund
Director Services division of the Citco
England Group
=================================================================
/TABLE
<PAGE>
<PAGE> Page 40 of 41 Pages
EXHIBIT B
PARTNERS OF SC-BVI PARTNERS
The name and position of the general partners of SC-BVI
Partners are set forth below. The business address of each
general partner is 10 East 50th Street, New York, New York 10022.
All such persons are Delaware corporations.
Name and Position
- -------------------
SC Fundamental BVI Inc.
Managing General Partner
GNS-BVI, Inc.(1)
Partner
PMC-BVI, Inc.(2)
Partner
- ----------------------------------
(1) Gary N. Siegler is the sole stockholder, officer and
director of GNS-BVI, Inc.
(2) Peter M. Collery is the sole stockholder, officer and
director of PMC-BVI, Inc.
<PAGE>
<PAGE> Page 41 of 41 Pages
EXHIBIT B
DIRECTOR AND EXECUTIVE OFFICER OF
THE GARY N. SIEGLER FOUNDATION
The name and present principal occupation or employment
of the director and executive officer of The Gary N. Siegler
Foundation is set forth below. The business address of such
director and executive officer is 10 East 50th Street, New York,
New York 10022. Such person is a United States citizen.
Present Principal
Name and Position Occupation or Employment
- ----------------- --------------------------
Gary N. Siegler Principal Member of SC Fundamental,
Director, President, LLC, President of SC Fundamental
Treasurer and Inc., 712 Advisory Services, Inc.
Secretary and SC Fundamental BVI, Inc.
113555
