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Page 1 of 6 Pages
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Latin America Growth Fund, Inc.
-------------------------------
(Name of Issuer)
Common Stock
------------------------------
(Title of Class of Securities)
51828D 10 4
--------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement /X/. (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).
SEC 1745 (10-88)
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Page 2 of 6 Pages
SCHEDULE 13G
CUSIP NO. 51828D 10 4
------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
OLLIFF & PARTNERS PLC, a company organized under the laws of Great Britain
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
GREAT BRITAIN
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 656,200 as of December 31, 1995
SHARES -------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
EACH -------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 656,200
WITH -------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
656,200
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.4%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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Page 3 of 6 Pages
STATEMENT ON SCHEDULE 13G
Item 1(a). Name of Issuer:
---------------
Latin America Growth Fund, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
------------------------------------------------
One Exchange Place
Boston, Massachusetts 02109
Item 2(a). Names of Person Filing:
-----------------------
Olliff & Partners, PLC
Item 2(b). Address of Principal Business Office or, if none, Residence:
------------------------------------------------------------
10 Eastcheap
London EC3M 1AJ
England
Item 2(c). Citizenship:
-----------
Great Britain
Item 2(d). Title of Class of Securities:
-----------------------------
Common Stock
Item 2(e). CUSIP Number:
-------------
51828D 10 4
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
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check whether the person filing is an:
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/X/ Parent Holding Company, in accordance with Sec.
240.13d-1(b)(ii)(G).
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Item 4. Ownership:
----------
(a) Amount Beneficially Owned: 656,200 as of December 31, 1995
-------
(b) Percent of Class: 16.4%
-----
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 656,200
-------
(ii) shared power to vote or to direct the vote: 0
-------
(iii) sole power to dispose or to direct the disposition
of: 656,200
-------
(iv) shared power to dispose or to direct the disposition
of: 0
-------
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:
----------------------------------------------------------------
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired
------------------------------------------------------------------
the Security Being Reported on By the Parent Holding Company:
-------------------------------------------------------------
1) City of London Investment Management Company Limited, a company
organized under the laws of Great Britain, and an Investment Adviser
registered under Section 203 of the Investment Advisers act of 1940.
(a) Amount Beneficially Owned: 495,800
-------
(b) Percent of Class: 12.4%
-----
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 495,800
-------
(ii) shared power to vote or to direct the vote: 0
-------
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(iii) sole power to dispose or to direct the disposition
of: 495,800
-------
(iv) shared power to dispose or to direct the disposition
of: 0
-------
2) City of London Unit Trust Managers Limited, a company
organized under the laws of Great Britain.
(a) Amount Beneficially Owned: 160,400
-------
(b) Percent of Class: 4.0%
----
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 160,400
-------
(ii) shared power to vote or to direct the vote: 0
-------
(iii) sole power to dispose or to direct the disposition
of: 160,400
-------
(iv) shared power to dispose or to direct the disposition
of: 0
-------
Item 8. Identification and Classification of Members of the Group:
----------------------------------------------------------
Not Applicable
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 purposes or effect.
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Page 6 of 6 Pages
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: June 21, 1996
/s/ W. J. Marle
-----------------------------
Name: W. J. Marle
