UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
BLC FINANCIAL SERVICES, INC.
(Name of Issuer)
Common Stock, par value $.01 per share
055 490 10 6
CUSIP Number
Robert F. Tannenhauser, 919 Third Ave., New York, NY 10022 212-751-5626
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
April 1, 1996
(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-I(b)(3) or (4), check the following
box. No.
Check the following box if a fee is being paid with the statement. No.
(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).
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SCHEDULE 13D
CUSIP No. 055 490 10 6
1. Name of Reporting Person: The Albert Blanck Testamentary Trust A
2. Check the appropriate box if a member of a group: Not Applicable.
3. SEC USE ONLY.
4. Source of funds: Not Applicable
5. Check box if disclosure of legal proceedings is required pursuant to
items 2(d) or 2(e). None.
6. Citizenship or place of organization: New York
Number of Shares Beneficially Owned by Each Reporting Person with:
7. Sole Voting Power: None.
8. Shared Voting Power: None.
9. Sole Dispositive Power: None.
10. Shared Dispositive Power: None.
11. Aggregate amount beneficially owned by each reporting person: None.
12. Check box if the aggregate amount in Row (11) excludes certain shares:
No.
13. Percent of class represented by amount in Row (11): 0.0%
14. Type of reporting person: OO
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Schedule 13D
This Statement constitutes Amendment No. 1 to the Statement on
Schedule 13D filed with the Securities and Exchange Commission (Schedule 13D)
with respect to the Common Stock, $.01 par value (the "Common Stock") of BLC
Financial Services, Inc. ("BLC"). Capitalized terms not otherwise defined
herein shall have the respective meanings ascribed thereto in Schedule 13D and
any amendments thereto. This statement is filed on behalf of The Albert
Blanck Testamentary Trust A (the "Reporting Person" or "Trust A").
Other than as set forth herein, there has been no material change
in the information set forth in Items 1, 2, 3, 4, 5, 6 and 7 of Schedule 13D.
Item 5. Interest in Securities of the Issuer.
(a) The Reporting Person was the beneficial owner of 643,000
shares of BLC Common Stock. On April 1, 1996, pursuant to the terms of the
Reporting Person's Trust Agreement, the Trustees distributed all of the shares
of BLC Common Stock owned by the Reporting Person, (643,000 shares in the
aggregate) to the Reporting Person's beneficiaries and their children.
(b) Shares voting and dispositive power: None.
(c) Transactions in securities in prior 60 days: None.
(d) Others with right to receive or power to direct the receipt
of dividends from, or proceeds from the sale of, the securities: None.
(e) The Reporting Person ceased to be a beneficial owner of five
(5%) or more of the Issuer's Common Stock on April 1, 1996.
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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.
Dated as of September ___, 1996.
The Albert Blanck Testamentary
Trust A
By: /s/ Carol Tannenhauser
Carol Tannenhauser
Trustee
