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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1 )
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ONYX ACCEPTANCE CORPORATION
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(Name of Issuer)
COMMON STOCK, $.01 per share
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(Title of Class of Securities)
682914106
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(CUSIP Number)
Peter I. Cavallaro,
c/o OXFORD RESOURCES CORP.
270 South Service Road - P.O. Box 888
Melville, NY 11747 - (516) 777-8000
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
September 10, 1996
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(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 13d-1(b)(3) or (4), check the following
box / /.
Check the following box if a fee is being paid with this statement / /. (A
fee is not required only if the reporting person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class
of securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.
(See Rule 13d-7.)
(Continued on following pages)
Page 1 of 5 Pages
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CUSIP No. 682914106 13D Page 2 of 5 Pages
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
OXFORD RESOURCES CORP. - 11-2344427
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
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(3) SEC Use Only
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(4) Source of Funds
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
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(6) Citizenship or Place of Organization
NEW YORK
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Number of Shares (7) Sole Voting
Beneficially Owned Power 275,000
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power 0
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(9) Sole Dispositive
Power 275,000
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(10) Shared Dispositive
Power 0
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
275,000
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
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(13) Percent of Class Represented by Amount in Row (11)
5.0%
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(14) Type of Reporting Person*
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
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This Amendment No. 1 amends and supplements that certain Schedule 13D
(the "Schedule 13D") filed by Oxford Resources Corp. ("Oxford") on April 4, 1996
in connection with Oxford's ownership of shares of common stock ("Common
Stock"), $.01 par value per share, of Onyx Acceptance Corp. ("Issuer").
ITEM 4. PURPOSE OF THE TRANSACTION.
The information set forth in Item 4 of the Schedule 13D is hereby amended
and supplemented by adding the following information thereto.
Consistent with Oxford's investment intent set forth in the Schedule 13D,
Oxford has to date sold 225,000 shares of Common Stock. In the ordinary course
of business, Oxford from time to time evaluates its holdings of securities, and
based on such evaluations, may determine to acquire or dispose of securities of
specific issuers. Oxford reserves the right to continue to dispose of shares of
Common Stock at such time(s) and price(s) per share as it determines.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The information set forth in Item 5 of the Schedule 13D is hereby amended
and supplemented by adding the following information to the respective
paragraphs thereof.
(a) As of the date hereof, Oxford owns beneficially an aggregate of
275,000 shares of the Common Stock (or approximately 5.0% of the Issuer's Common
Stock) based on 5,496,633 shares of Common Stock then outstanding as set forth
in the Issuer's most recent filing with the Securities and Exchange Commission.
(c) Transactions in the Common Stock in the past 60 days by Oxford are set
forth on Schedule A attached hereto and hereby incorporated herein by reference.
Except for such transactions, no other transaction in the Common Stock have been
effected during the past sixty days by Oxford.
Page 3 of 5 Pages
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SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct, and the undersigned agrees that this statement is filed on
its behalf.
Dated: September 13, 1996
OXFORD RESOURCES CORP.
By: /s/ Peter I. Cavallaro
---------------------------------
Peter I. Cavallaro
Senior Vice President
Page 4 of 5 Pages
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SCHEDULE A
____________________
SALE OF SHARES BY OXFORD
DURING PAST SIXTY DAYS
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AGGREGATE
NUMBER SALE PRICE
DATE OF SALE OF SHARES PROCEEDS PER SHARE
- ------------ ---------- --------- ---------
9/6/96 25,000 $350,000 $14.00
9/10/96 25,000 331,250 13.25
9/10/96 25,000 328,125 13.125
9/11/96 25,000 328,125 13.125
9/12/96 25,000 328,125 13.125
9/13/96 100,000 1,287,500 12.875
Page 5 of 5 Pages
