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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13D-102)
INFORMATION TO BE INCLUDED IN STATEMETNS FILED PURSUANT TO
RULES 13D-1(B) AND (C) AND AMENDMENTS THERETO FILED PURSUANT TO 13D-2(B)
(AMENDMENT NO. 2)*
FRIEDMAN'S INC.
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(Name of Issuer)
CLASS A COMMON STOCK
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(Title of Class of Securities)
358438-10-9
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(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 6 Pages
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<TABLE>
<CAPTION>
13G
CUSIP NO. 358438-10-9 PAGE 2 OF 6 PAGES
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<S> <C>
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PHILLIP EAN COHEN
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
AUSTRALIA
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5 SOLE VOTING POWER
NUMBER OF 1,742,401
SHARES --------------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
EACH --------------------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 1,742,401
WITH --------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,492,401 (RIGHT TO ACQUIRE)
250,000
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1,742,401
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.9%
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12 TYPE OF REPORTING PERSON
IN
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</TABLE>
Page 2 of 6 pages
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<TABLE>
<CAPTION>
13G
CUSIP NO. 358438-10-9 PAGE 3 OF 6 PAGES
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<S> <C>
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MS JEWELERS LIMITED PARTNERSHIP
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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5 SOLE VOTING POWER
NUMBER OF 1,742,401
SHARES --------------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
EACH --------------------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 1,742,401
WITH --------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,492,401 (RIGHT TO ACQUIRE)
250,000
---------
1,742,401
- -------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
- -------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.9%
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12 TYPE OF REPORTING PERSON
PN
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</TABLE>
Page 3 of 6 pages
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Page 4 of 6 pages
ITEM 1.
(a) Friedman's Inc.
(b) 4 West State Street
Savannah, Georgia 31401
ITEM 2.
(a) Phillip Ean Cohen
MS Jewelers Limited Partnership
(b) 350 Park Avenue
8th Floor
New York, New York 10022
(c) Australia
Delaware
(d) Class A Common Stock, $.01 par value per share
(e) 358438-10-9
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A :
Response: Not Applicable
ITEM 4. OWNERSHIP.
(a) Amount Beneficially Owned: 1,742,401 shares.
(b) Percent of Class: 11.9%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote:
1,742,401
(ii) shared power to vote or to direct the vote: 0.
(iii) sole power to dispose or direct the
disposition of: 1,742,401
(iv) shared power to dispose and direct the
disposition of: 0.
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Page 5 of 6 pages
Mr. Cohen is the sole shareholder of MS Jewelers
Corporation, the General Partner of MS Jewelers Limited
Partnership which holds 1,492,401 shares of Friedman's Inc.
Class B Common Stock, $.01 par value per share (the "Class B
Common Stock"). At the option of the holder of shares of
Class B Common Stock, which option may be exercised at any
time and from time to time, such holder may convert all or
part of its shares of Class B Common Stock into an equal
number of shares of the Class A Common Stock of Friedman's
Inc., $.01 par value per share (the "Class A Common Stock").
The shares of Class B Common Stock are also subject to
mandatory conversion into an equal number of shares of Class A
Common Stock, in whole or in part, at any time and from time
to time, at the option of the holder or holders of a majority
of the shares of Class B Common Stock.
In addition, 250,000 shares of the Class A Common
Stock of Friedman's Inc. were issued in the name of Bear,
Stearns & Co., Inc. for the benefit of A.A. Friedman Co., Inc.
("AAFCO") in connection with the Company's acquisition of
certain trademark rights from AAFCO. Morgan Schiff & Co.,
Inc., an investment bank controlled by Mr. Cohen ("Morgan
Schiff"), serves as an escrow agent with regard to these
shares, and as such has sole voting and dispositive power.
Morgan Schiff expressly disclaims any beneficial ownership of
such shares.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Response: Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
Response: Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY.
Response: Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Response: Not Applicable
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Page 6 of 6 pages
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Response: Not Applicable
ITEM 10. CERTIFICATION
Response: Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 5, 1998 /s/ Phillip Ean Cohen
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Date Phillip Ean Cohen
February 5, 1998 /s/ Bradley J. Stinn
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Date Bradley J. Stinn,
for MS Jewelers Corporation,
the General Partner of
MS Jewelers Limited Partnership
