UNITED STATES
SECURITIES AND EXCHANGE COMMISSION Washington,
D.C. 20549
OMB APPROVAL
OMB Number: 3235-0145 Expires:
August 31, 1991 Estimated average burden
hours per response. 4.90
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.__ _)*
Emeritus Corp. __ __ _____
___________________________
(Name of Issuer)
Common Stock
______________________________________________
__________ __ __ _____
___________________________
(Title of Class of Securities)
Cusip #
______________________________
(291005106)
Check the following box if a fee is being paid
with this statement [ (A fee is not required
only if the filing 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).
*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).
CUSIP No. _______________
291005106
13G
Page __2___ of __8__ Pages
1. NAME OF REPORTING PERSON S.S. OR I.R.S.
IDENTIFICATION NO. OF ABOVE PERSON
Sirach Capital Management, Inc. #91-1418081
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP*
(a) [ ]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Sirach Capital Management, Inc. is a
Washington State Corporation and Investment
Advisor.
The principal location is 3323 One Union
Square,
Seattle, Washington 98101
5.SOLE VOTING POWER
Unless specified otherwise by clients, we
have voting authority. 580,700
6.SHARED VOTING POWER
We have no shared voting power specified by
clients.
-0-
7. SOLE DISPOSITIVE POWER
We have sole authority to dispose or direct
disposition. 580,700
8.SHARED DISPOSITIVE POWER
We have no shared power to dispose or direct
disposition.
-0-
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
580,700 shares beneficially owned.
10.CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
N/A
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.2791 %
12. TYPE OF REPORTING PERSON*
IA, Co.
INSTRUCTIONS FOR SCHEDULE 13G Instructions for Cover Page
(1) Names and Social Security Numbers of Reporting
Persons Furnish the full legal name of each person for
whom the report is filed - i.e., each person required to
sign the schedule itself including each member of a
group. Do not include the name of a person required to
be identified in the report but who is not a reporting
person. Reporting persons are also requested to furnish
their Social Security or I.R.S. identification numbers,
although disclosure of such numbers is voluntary, not
mandatory (see "SPECIAL INSTRUCTIONS FOR COMPLYING WITH
SCHEDULE 13G," below).
(2) If any of the shares beneficially owned by a
reporting person are held as a member of a group and such
membership is expressly affirmed, please check row 2(a).
If the membership in a group is disclaimed or the
reporting person describes a relationship with other
persons but does not affirm the existence of a group,
please check row 2(b) [unless a joint filing pursuant to
Rule 13d-1(e)(1) in which case it may not be necessary to
check row 2(b)].
(3) The third row is for SEC internal use; please leave
blank.
(4) Citizenship or Place of Organization - Furnish
citizenship if the named reporting person is a natural
person. Otherwise, furnish place or organization.
(5)-(9), (11) Aggregate Amount Beneficially owned by
Each Reporting Person, Etc. -Rows (5) through (9)
inclusive, and (11) are to be completed in accordance
with the provisions of Item 4 of Schedule 13G. All
percentages are to be rounded off to the nearest tenth
(one place after decimal point).
(10) Check if the aggregate amount reported as
beneficially owned in row (9) does not include shares as
to which beneficial ownership is disclaimed pursuant to
Rule 13d-4 [17 CFR 240.13d4] under the Securities
Exchange Act of 1934.
(12) Type of Reporting Person - Please classify each
"reporting person" according to the following breakdown
(see Item 3 of Schedule 13G) and place the appropriate
symbol on the form:
Category Symbol
Broker Dealer BD
Bank BK
Insurance Company IC
Investment Company IV
Investment Adviser IA
Employee Benefit Plan, Pension Fund, or Endowment Fund
EP
Parent Holding Company HC
Corporation CO
Partnership PN
Individual IN
Other OO
Notes:
Attach as many copies of the second part of the cover
page as are needed, one reporting person per page.
Filing persons may, in order to avoid unnecessary
duplication, answer items on the schedules (Schedule 13D,
13G or 14D-1) by appropriate cross references t an item
or items on the cover page(s). This approach may only be
used where the cover page item or items provide all the
disclosure required by the schedule item. Moreover, such
a use of a cover page item will result in the item
becoming a part of the schedule and accordingly being
considered as "filed" for purposes of Section 18 of the
Securities Exchange Act or otherwise subject to the
liabilities of that section of the Act.
Reporting persons may comply with their cover page
filing requirements by filing either completed copies of
the blank forms available from the Commission, printed or
typed facsimiles, or computer printed facsimiles,
provided the documents filed have identical formats to
the forms prescribed in the Commission's regulations and
meet existing Securities Exchange Act rules as to such
matters as clarity and size (Securities Exchange Act Rule
12b-12).
SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13G
Under Sections 13(d), 13(g), and 23 of the Securities
Exchange Act of 1934 and the rules and regulations
thereunder, the Commission is authorized to solicit the
information required to be supplied by this schedule by
certain security holders of certain issuers.
Disclosure of the information specified in this
schedule is mandatory, except for Social Security or
I.R.S. identification numbers, disclosure of which is
voluntary. The information will be used for the primary
purpose of determining and disclosing the holdings of
certain beneficial owners of certain equity securities.
This statement will be made a matter of public record.
Therefore, any information given will be available for
inspection by any member of the public.
Because of the public nature of the information, the
Commission can utilize it for a variety of purposes,
including referral to other governmental authorities or
securities self regulatory organizations for
investigatory purposes or in connection with litigation
involving the Federal securities laws or other civil,
criminal or regulatory statutes or provisions. Social
Security or I.R.S. identification numbers, if furnished,
will assist the Commission in identifying security
holders and, therefore, in promptly processing statements
of beneficial ownership of securities.
Failure to disclose the information requested by this
schedule, except for Social Security or I.R.S.
identification numbers, may result in civil or criminal
action against the persons involved for violation of the
Federal securities laws and rules promulgated thereunder.
GENERAL INSTRUCTIONS
A. Statements containing the information required by
this
schedule shall be filed not later than February 14
following the calendar year covered by the statement or
within the time specified in Rule 13d-1(b)(2), if
applicable.
B. Information contained in a form which is required to
be
filed by rules under section 13(f)(15 U.S.C. 78m(f) for
the same calendar year as that covered by a statement on
this schedule may be incorporated by reference in
response to any of the items of this schedule. If such
information is
incorporated by reference in this schedule, copies of the
relevant pages of such form shall be filed as an exhibit
to this schedule.
C. The item numbers and captions of the items shall be
included
but the text of the items is to be omitted. The answers
to the items shall be so prepared as to indicate clearly
the coverage of the items without referring to the text
of the items. Answer every item. If an item is
inapplicable or the answer is in the negative, so state.
Item 1.
(a) Name of Issuer
(b) Address of Issuer's Principal Executive Offices
Item 2.
(a) Name of Person Filing
(b) Address of Principal Business Office or, if none,
Residence
(c) Citizenship
(d) Title of Class of Securities
(e) CUSIP Number
Item 3. If this statement is filed pursuant to Rule 13d-
1(b),
check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section
15 of
the Act.
(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.
(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
240.13d 1(b)(1)(ii)(F).
(g) [ ] Parent Holding Company, in accordance
with
240.13d-1(b)(ii)(G) (Note: See Item 7).
(h) [ ] Group, in accordance with 240.13d
a(b)(1)(ii)(H).
Item 4. Ownership
If the percent of the class owned, as of December 31
of the year covered by the statement, or as of the last
day of any month described in Rule 13d-1(b)(2), if
applicable, exceeds five percent, provide the following
information as of that date and identify those shares
which there is a right to acquire.
(a) Amount Beneficially Owned
(b) Percent of Class
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote. (ii)
shared power to vote or to direct the vote.
(iii) sole power to dispose or to direct the
disposition
of.
(iv) shared power to dispose or to direct the disposition
of.
Instruction: For computations regarding securities which
represent a right to acquire an underlying security see
Rule 13d 3(d)(1).
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact
that as of the date hereof the reporting person has
ceased to be the beneficial owner of more than five
percent of the class of securities, check the following
. Instruction: Dissolution of a group requires a
response to this item.
Item 6. Ownership of More than Five Percent on Behalf
of
Another Person.
If any other person is known to have the right to
receive or the power to direct the receipt of dividends
from, or the proceeds fro the sale of, such securities, a
statement to that effect should be included in response
to this item and, if such interest relates to more than
five percent of the class, such person should be
identified. A listing of the shareholders of an
investment company registered under the Investment
Company Act of 1940 or the beneficiaries of employee
benefit plan, pension fund or endowment fund is not
required.
Item 7. Identification and Classification of the
Subsidiary Which Acquired the Security Being Reported on
By the Parent Holding Company.
If a parent holding company has filed this schedule,
pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item
3(g) and attach an exhibit stating the identity and the
Item 3 classification of the relevant subsidiary. If a
parent holding company has filed this schedule pursuant
to Rule 13d1(c), attach an exhibit stating the
identification of the relevant subsidiary.
Item 8. Identification and Classification of Members of
the Group
If a group has filed this schedule pursuant to Rule 13d
1(b)(ii)(H), so indicate under Item 3(h) and attach an
exhibit stating the identity and Item 3 classification of
each member of the group. If a group has filed this
schedule pursuant to Rule 13d-1(c), attach an exhibit
stating the identity of each member of the group.
Item 9. Notice of Dissolution of Group
Notice of dissolution of a group may be furnished as an
exhibit stating the date of the dissolution and that all
further filings with respect to transactions in the
security reported on will be filed, if required, by
members of the group, in their individual capacity. See
Item 5.
Item 10. Certification
The following certification shall be included if the
statement is filed pursuant to Rule 13d-1(b):
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 an 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
purposes or effect.
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.
_______________________________________________
Date
_______________________________________________
Signature
Brenda S. Larson/Compliance Associate
_______________________________________________
Name/Title
The original statement shall be signed by each person on
whose behalf the statement is filed or his authorized
representative. If the statement is signed on behalf of
a person by his authorized representative other than an
executive officer or general partner of the filing
person, evidence of the representative's authority to
sign on behalf of such person shall be filed with the
statement, provided, however, that a power of attorney
for this purpose which is already on file with the
Commission may be incorporated by reference. The name
and any title of each person who signs the statement
shall be typed or printed beneath his signature.
Note: Six copies of this statement, including all
exhibits, should be filed with the Commission.
Attention: Intentional misstatements or omissions of
fact constitute Federal criminal violations (See 18
U.S.C. 1001)
Item 1.
(a) Emeritus Corp.
(b) Market Place One
2003 Western Avenue
Suite 660
Seattle, WA 98121
Item 2.
(a) Sirach Capital Management, Inc.
(b) 3323 One Union Square,
Seattle, Washington 98101 (c)
A Washington State Corporation
and Investment Advisor.
(d) Common Stock.
(e) Cusip # 291005106
Item 3.
(a) N/A
(b) N/A
(c) N/A
(d) N/A
(e) Yes
(f) N/A
(g) N/A
(h) N/A
Item 4.
(a) Amount Beneficially Owned is
5.2791
(c)
(i) 580,700
(ii) -0-
(iii) 580,700
(iv) -0-
Item 5. N/A
Item 6. N/A.
Item 7. N/A.
Item 8. N/A.
Item 9. N/A.
Item 10. See other side for
certification.
SEC 1745 (10-88) Page 1 of 8 pages
Page 5 of 8 pages
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 8 pages
Page 8 of 8 pages (Blank)
