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: Bertha Blanck ###-##-####
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). No.
6. Citizenship or place of organization: United States
Number of Shares Beneficially Owned by Each Reporting Person with:
7. Sole Voting Power: Not Applicable
8. Shared Voting Power: Not Applicable
9. Sole Dispositive Power: None (See Item 5)
10. Shared Dispositive Power: 176,830 shares (See Item 5)
11. Aggregate amount beneficially owned by each reporting person:
176,830 shares (See Item 5)
12. Check box if the aggregate amount in Row (11) excludes certain shares:
No.
13. Percent of class represented by amount in Row (11): 1.05% (See Item 5)
14. Type of reporting person: IN
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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 Bertha Blanck
(the "Reporting Person").
Other then 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.
The Reporting Person's response to Item 5 is hereby amended and
supplemented by the following:
(a) The Reporting Person is a Trustee of The Albert Blanck
Testamentary Trust A ("Trust A")(beneficial owner of 643,010 shares of Common
Stock) and The Albert Blanck Testamentary Trust B ("Trust B") (beneficial
owner of 176,830 shares of BLC common stock) (collectively, the "Trusts").
Consequently, the Reporting Person is deemed the beneficial owner of the
819,840 shares of Common Stock owned by the Trusts. Pursuant to the terms of
the Trust A Trust Agreement, on April 1, 1996, Trust A distributed all of its
shares of BLC Common Stock (643,010 shares in the aggregate) to the Trust A
beneficiaries. The Reporting Person is not a beneficiary of Trust A. As a
result of the distribution, the Reporting Person is no longer deemed the
beneficial owner of the shares of common stock previously owned by Trust A.
The Reporting Person is deemed the beneficial owner of the shares of Common
Stock held by Trust B (176,830 shares) or 1.05% of BLC's common stock based
upon 16,882,055 shares of common stock issued and outstanding on April 1,
1996.
(b) The Reporting Person has shared voting and dispositive power
over the 176,830 shares of common stock owned by Trust B.
(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: Co-Trustees.
(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 her knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated as of September ___, 1996.
/s/ Bertha Blanck
Bertha Blanck
