AMERICAN HOMESTAR CORP
SC 13G/A, 2000-02-14
PREFABRICATED WOOD BLDGS & COMPONENTS
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G
                               (AMENDMENT NO. 5)*


                    UNDER THE SECURITIES EXCHANGE ACT OF 1934


                          AMERICAN HOMESTAR CORPORATION
                                (Name of Issuer)


                                  COMMON STOCK
                         (Title of Class of Securities)


                                  026651-10-9
                                 (CUSIP Number)


                                DECEMBER 31, 1999
             (Date of event which requires filing of this statement)


Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

         [ ]  Rule 13d-1(b)
         [ ]  Rule 13d-1(c)
         [X]  Rule 13d-1(d)

*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).


POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED
IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY
VALID OMB CONTROL NUMBER.


                                Page 1 of 8 Pages


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- ----------------------------                           -------------------------
CUSIP NO. 026651-10-9                 13G/A                    PAGE 2 OF 8 PAGES
- ----------------------------                           -------------------------

- --------------------------------------------------------------------------------
1    NAME OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

     Finis F. Teeter
- --------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
     (a) [ ]
     (b) [ ]

- --------------------------------------------------------------------------------
3    SEC USE ONLY

- --------------------------------------------------------------------------------
4    CITIZENSHIP OR PLACE OF ORGANIZATION

     United States
- --------------------------------------------------------------------------------
                                5      SOLE VOTING POWER
NUMBER OF
SHARES                                 2,412,246
BENEFICIALLY                    ------------------------------------------------
OWNED BY                        6      SHARED VOTING POWER
EACH
REPORTING                              0
PERSON                          ------------------------------------------------
WITH:                           7      SOLE DISPOSITIVE POWER

                                       2,412,246
                                ------------------------------------------------
                                8      SHARED DISPOSITIVE POWER

                                       0
- --------------------------------------------------------------------------------

9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     2,626,824
- --------------------------------------------------------------------------------
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
     (SEE INSTRUCTIONS)
                                                                             [ ]
- --------------------------------------------------------------------------------
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     14.1%
- --------------------------------------------------------------------------------
12   TYPE OF REPORTING PERSON

     IN
- --------------------------------------------------------------------------------




<PAGE>   3



- ----------------------------                           -------------------------
CUSIP NO. 026651-10-9                 13G/A                    PAGE 3 OF 8 PAGES
- ----------------------------                           -------------------------


1    NAME OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

        Teeter Investments, Ltd.
- --------------------------------------------------------------------------------
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
     (a) [ ]
     (b) [ ]

- --------------------------------------------------------------------------------
3    SEC USE ONLY

- --------------------------------------------------------------------------------
4    CITIZENSHIP OR PLACE OF ORGANIZATION

        Texas
- --------------------------------------------------------------------------------
                                5      SOLE VOTING POWER
NUMBER OF
SHARES                                 1,557,717
BENEFICIALLY                    ------------------------------------------------
OWNED BY                        6      SHARED VOTING POWER
EACH
REPORTING                              0
PERSON                          ------------------------------------------------
WITH:                           7      SOLE DISPOSITIVE POWER

                                       1,557,717
                                ------------------------------------------------
                                8      SHARED DISPOSITIVE POWER

                                       0
- --------------------------------------------------------------------------------

9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     1,557,717
- --------------------------------------------------------------------------------
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
     (SEE INSTRUCTIONS)
                                                                             [ ]
- --------------------------------------------------------------------------------
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     8.5%
- --------------------------------------------------------------------------------
12   TYPE OF REPORTING PERSON

     PN
- --------------------------------------------------------------------------------




<PAGE>   4



Item 1(a).    Name of Issuer.

              The name of the Issuer is American Homestar Corporation.

Item 1(b).    Address of Issuer's Principal Executive Offices.

              The Issuer's principal executive offices are located at 2450
              South Shore Boulevard, Suite 300, League City, Texas 77573.

Item 2(a).    Name of Person Filing.

              This statement is being filed on behalf of Finis F. Teeter and
              Teeter Investments, Ltd. (the "Partnership").

Item 2(b).    Address of Principal Business Office or, if none, Residence.

              The address of the principal business office of Finis F. Teeter
              and the Partnership is 2450 South Shore Boulevard, Suite 300,
              League City, Texas 77573.

Item 2(c).    Citizenship.

              Finis F. Teeter is a citizen of the United States of America and
              the Partnership is a Texas limited partnership.

Item 2(d).    Title of Class of Securities.

              This statement relates to shares of Common Stock, par value $.05
              per share ("Common Stock"), of the Issuer.

Item 2(e).    CUSIP Number.

              The CUSIP No. for the shares of Common Stock of the Issuer is
              026651-10-9.

Item 3.       Not Applicable.



                                Page 4 of 8 Pages




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Item 4.      Ownership.

              (a)-(b) As of December 31, 1999, Finis F. Teeter beneficially
              owned 2,626,824 shares, or 14.1%, of the Common Stock of the
              Issuer. Mr. Teeter beneficially owned 1,557,717 of such shares as
              Managing General Partner of the Partnership; he beneficially owned
              208,608 of such shares as trustee of the Teeter 1992 Trust; he
              beneficially owned 30,000 of such shares as beneficiary of the
              Finis F. Teeter IRA; and he beneficially owned 214,578 of such
              shares through options.

              As of December 31, 1999, the Partnership beneficially owned
              1,557,717 shares, or 8.5%, of the Common Stock of the Issuer.

              (c) Subject to certain terms of a shareholders agreement (the
              "Shareholders Agreement"), which are discussed below, Finis F.
              Teeter has the sole power to vote or to direct the vote of
              2,412,246 shares of Common Stock of the Issuer. Mr. Teeter has
              sole power to dispose or to direct the disposition of 2,412,246
              shares of Common Stock of the Issuer. Mr. Teeter does not have the
              power to dispose of or to vote the 214,578 shares beneficially
              owned through options. See also Items 5-9 on page 2 hereof.

              Subject to certain terms of the Shareholders Agreement, which are
              discussed below, the Partnership, through its Managing General
              Partner, has the sole power to vote or to direct the vote of
              1,557,717 shares of Common Stock of the Issuer. The Partnership,
              through its Managing General Partner, has the sole power to
              dispose or to direct the disposition of 1,557,717 shares of Common
              Stock of the Issuer. See also Items 5-9 on page 3 hereof.

              Pursuant to the Shareholders Agreement, Mr. Teeter and the
              Partnership have agreed to vote their shares to elect six
              directors of the Issuer in accordance with the terms of the
              Shareholders Agreement.

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.

              Certain other persons may have the right to receive a portion of
              the proceeds from the sale of the shares of Common Stock disclosed
              herein. None of such persons' interests in such shares exceeds
              five percent of the outstanding Common Stock.

              Item 7. Identification and Classification of the Subsidiary Which
              Acquired the Security Being Reported on By the Parent Holding
              Company.

              Not applicable.

                                Page 5 of 8 Pages






<PAGE>   6


Item 8.       Identification and Classification of Members of the Group.

              Not applicable.

Item 9.       Notice of Dissolution of Group.

              Not applicable.

Item 10.      Certification.

              Not applicable.



                                Page 6 of 8 Pages

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- ----------------------------                           -------------------------
CUSIP NO. 026651-10-9                 13G/A                    PAGE 7 OF 8 PAGES
- ----------------------------                           -------------------------


         After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.

         Date: February 11, 2000


                                            /s/ FINIS F. TEETER
                                            ------------------------------------
                                            Finis F. Teeter


                                            TEETER INVESTMENTS, LTD.


                                            By: /s/ FINIS F. TEETER
                                               ---------------------------------
                                               Finis F. Teeter, Managing Partner





<PAGE>   8



- ----------------------------                           -------------------------
CUSIP NO. 026651-10-9                 13G/A                    PAGE 8 OF 8 PAGES
- ----------------------------                           -------------------------




                                    Exhibit A

     Pursuant to Rule 13d-1(k)(1)(iii) of Regulation 13D-G of the General Rules
and Regulations of the Securities and Exchange Commission under the Securities
Exchange Act of 1934, as amended, the undersigned agree that the statement to
which this Exhibit is attached is filed on behalf of each of them in the
capacities set forth hereinbelow.


     Date: February 11, 2000

                                    /s/ FINIS F. TEETER
                                    --------------------------------------------
                                    Finis F. Teeter


                                    TEETER INVESTMENTS, LTD.


                                    By: /s/ FINIS F. TEETER
                                       -----------------------------------------
                                       Finis F. Teeter, Managing General Partner









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