<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 10)
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)
April 22, 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 29 Pages<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- ------------------
CUSIP No. 637277104 Page 2 of 29 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
459,330 (Includes 313,750 options)
- ----------------------------------------------------------------
8 SHARED VOTING POWER
819,618
- ----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
459,330 (Includes 313,750 options)
- ----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
819,618
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,278,948 (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)
18.8%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 3 of 29 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
772,913
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
108,000 (includes 82,500 underlying options)
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
772,913
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
880,913 (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)
13.4%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 4 of 29 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 29 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
270,418
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
270,418
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
270,418
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.2%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 6 of 29 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
135,376
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
135,376
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
135,376
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.1%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 7 of 29 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
270,418
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
270,418
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
270,418
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.2%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 8 of 29 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)
3.4%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 9 of 29 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
17,295
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
17,295
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,295
- -----------------------------------------------------------------
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 29 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 29 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 29 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 29 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 29 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
135,376
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
135,376
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
135,376
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.1%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 15 of 29 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
135,376
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
135,376
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
135,376
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.1%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 16 of 29 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
270,418
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
270,418
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
270,418
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.2%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 637277104 Page 17 of 29 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 29 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 29 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 29 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
405,794
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
60,028 (Includes 56,250 options)
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
405,794
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
465,822 (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)
7.1%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ---------------------- --------------------
CUSIP No. 6372771104 Page 21 of 29 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
405,794
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
7,500 (constitutes 7,500 shares underlying options.)
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
405,794
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
413,294 (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)
6.4%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
================================================================<PAGE>
<PAGE> Page 22 of 29 Pages
AMENDMENT NO. 10
TO THE
SCHEDULE 13D
This statement constitutes Amendment No. 10 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"), Motorhome Partners, L.P.
("Motorhome"), 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") (collectively, the "Reporting
Persons").
Item 5. Interest in Securities of the Issuer
(a) As of the close of business on April 23, 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 6,490,639 Shares
that were reported to be outstanding in the Issuer's Form 10-K as
of March 18, 1998).
<PAGE>
<PAGE> Page 23 of 29 Pages
<TABLE>
<CAPTION>
=================================================================
Shares of
Name Common Stock Percentage
- -----------------------------------------------------------------
<S> <C> <C>
SC Fundamental Inc. 270,418 4.2%
- -----------------------------------------------------------------
The SC Fundamental Value Fund, L.P. 270,418 4.2%
- -----------------------------------------------------------------
SC Fundamental Value BVI, Inc. 135,376 2.1%
- -----------------------------------------------------------------
Gary N. Siegler (1) 1,278,948 18.8%
- -----------------------------------------------------------------
Peter M. Collery (2) 880,913 13.4%
- -----------------------------------------------------------------
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 3.4%
- -----------------------------------------------------------------
Siegler, Collery & Co. Employee's
Savings and Profit Sharing Plan 17,295 0.3%
- -----------------------------------------------------------------
SC-BVI Partners 135,376 2.1%
- -----------------------------------------------------------------
SC Fundamental Value BVI, Ltd. 135,376 2.1%
- -----------------------------------------------------------------
SC Fundamental, LLC 270,418 4.2%
- -----------------------------------------------------------------
The Gary N. Siegler Foundation 46,705 0.7%
- -----------------------------------------------------------------
SC-Dolphin, Inc. 68,584 1.1%
- -----------------------------------------------------------------
Neil H. Koffler(3) 465,822 7.1%
- -----------------------------------------------------------------
Curtis G. Macnguyen 413,294 6.4%
=================================================================
<FN>
- ------------
</TABLE>
<PAGE>
<PAGE> Page 24 of 29
- ---------------------
(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 25 of 29 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 459,330
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 26 of 29 Pages
<TABLE>
<CAPTION>
=================================================================
BVI, Inc.
Trade Price Per on behalf Employee
Date Share ($) Fund of BVI Ltd. Plan Siegler
- -----------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
02/26/98 36.625 1,340 660 0 0
- -----------------------------------------------------------------
04/21/98 36.937 41,370 20,380 2,050 0
- -----------------------------------------------------------------
04/22/98 37.790 24,980 11,220 0 0
- -----------------------------------------------------------------
04/22/98 37.860 66,275 29,775 0 0
- -----------------------------------------------------------------
04/23/98 37.8125 0 0 0 150,000
- -----------------------------------------------------------------
=================================================================
</TABLE>
<PAGE>
<PAGE> Page 27 of 29 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: April 23, 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 28 of 29 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 29 of 29 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.
117701