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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities and Exchange Act of 1934
(Amendment No. 1)*
PACIFIC CREST CAPITAL INC
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
694166 10 9
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(CUSIP Number)
Check the following box if a fee is being paid with this statement / /.
(Continued on following page (s) )
(Page 1 of 6 Pages)
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CUSIP NO. 694166 10 9 13G PAGE 2 OF 6 PAGES
1 NAME OF REPORTING PERSON Deltec Asset Management Corporation
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
I.R.S. NO. 13-5133790
2 CHECK APPROPRIATE BOX IF A MEMBER OF GROUP * (A)___
(B) (X)
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION State of New York
5. SOLE VOTING POWER 261,300
6. SHARED VOTING POWER --
7. SOLE DISPOSITIVE POWER 261,300
8. SHARED DISPOSITIVE POWER --
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 261,300
10. CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES *
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.83%
12. TYPE OF REPORTING PERSON* BD, IA, CO
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 10549
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SCHEDULE 13G UNDER THE SECURITIES
EXCHANGE ACT OF 1934
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Item 1. (a) Name of Issuer: Pacific Crest Capital Inc
(b) Address of Issuer's Principal Executive Offices:
30343 Canwood Street
Suite 100
Agoura Hills, CA 91301
Item 2. (a) Name of Person Filing:
Deltec Asset Management Corporation
(b) Address of Principal Business Office:
535 Madison Avenue
New York, NY 10022
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Item 2. (c). Citizenship: State of New York
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 694166 10 9
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) Broker Dealer registered under Section 15 of the Act (X)
(b) Bank as defined in Section 3(a)(6) of the Act,
(c) Insurance Company as defined in Section 3(a)(19) of the Act,
(d) Investment Company registered under Section 8 of the Investment
Company Act
(e) Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940 (X)
(f) Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F),
(g) Parent Holding Company, in accordance with Rule 13d-1(b)(ii)
(h) Group, in accordance with Rule 13d-1(b)(1)(ii)(H)
Item 4. Ownership
(a). Amount Beneficially Owned: As of December 31, 1996, 261,300
shares
(b) Percent of Class: as of December 31, 1996, 8.83%
(c) Number of shares to which such person has:
(i) sole power to vote or to direct to vote: As of December
31, 1996, 261,300 shares
(ii) shared power to vote or to direct the vote: Not
Applicable
(iii) sole power to dispose or to direct the disposition of:
As of December 31, 1996, 261,300 shares
(iv) shared power to dispose or to direct the disposition
of: Not Applicable
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Item 5. Ownership of Five Percent or Less of a Class:
Not Applicable.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person:
All of the 261,300 shares of the Company's Common Stock referred to
in Item 4 are held by Deltec for the account of its brokerage or
investment advisory clients over whose accounts Deltec exercises
discretionary authority as to voting, disposition and other matters.
Such clients have the right to receive dividends and the proceeds of
the sale of such shares.
Item 7: Identification and Classification of Subsidiaries which Acquired the
Security Being Reported on by the Parent Holding Company:
Not Applicable.
Item 8. Identification and Classification of Members of the Group:
Not Applicable.
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Item 9. Notice of Dissolution of Group:
Not Applicable
Item 10. Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purpose or effect.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement concerning the
undersigned is true, complete and correct.
Dated: February 3, 1997
DELTEC ASSET MANAGEMENT CORPORATION
By /s/ Stephen Zuppello
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Stephen Zuppello
Chief Operating Officer
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