SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): September 23, 1996
CARSON PIRIE SCOTT & CO.
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(Exact name of registrant as specified in its charter)
Illinois
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(State or other jurisdiction of incorporation)
0-22682 37-0175980
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Commission File Number (IRS Employer Identification No.)
331 West Wisconsin Avenue, Milwaukee, Wisconsin 53203
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(Address of principal executive offices) (Zip Code)
(414) 347-4141
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Registrant's Telephone Number
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Item 5. Other Events.
Based on disclosures in a Form 10Q dated September 17, 1996 filed with
the Securities and Exchange Commission by County Seat Stores, Inc. ("County
Seat"), Carson Pirie Scott & Co. (the "Company") today has written down
to zero its entire interest in 9% Junior Subordinated Debentures due 2004
of County Seat Holdings, Inc. (the "Debentures"), an affiliate of County
Seat. The Debentures had been carried on the Company's books at $10,850,000
in other assets.
The Company received the Debentures in 1993 when County Seat
Holdings, Inc. exercised its option to issue and exchange the Debentures
for other securities that had been issued to the Company as part of the sale
price for the Company's 1989 divestiture of County Seat to several members
of County Seat's management and other investors.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Dated September 23, 1996.
CARSON PIRIE SCOTT & CO.
By: /s/ Charles J. Hansen
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Charles J. Hansen
Vice President, General Counsel,
and Secretary
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