RESURGENCE PROPERTIES INC
SC 13D/A, 1997-12-23
OPERATORS OF NONRESIDENTIAL BUILDINGS
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                             -----------------------

                                  SCHEDULE 13D

                    Under the Securities Exchange Act of 1934
                               (AMENDMENT NO. 5 )

                             -----------------------

                           RESURGENCE PROPERTIES INC.
                                (Name of Issuer)

                     COMMON STOCK, PAR VALUE $.01 PER SHARE
                         (Title of Class of Securities)

                                    76126R109
                                 (CUSIP Number)

                             -----------------------

                                STEPHEN M. DOWICZ
                                885 THIRD AVENUE
                               NEW YORK, NY 10022
                            TEL. NO.: (212) 371-3047
                     (Name, Address and Telephone Number of
                      Person Authorized to Receive Notices
                               and Communications)

                             -----------------------

                                DECEMBER 19, 1997
                      (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
statement because of Rule 13d-1(b)(3) or (4), check the following box [ ].

Check the following box if a fee is being paid with the statement [ ].



                               Page 1 of 20 Pages

<PAGE>

                                  SCHEDULE 13D


CUSIP NO.  76126R109                                     PAGE 2 OF 20 PAGES
         ---------------------------                                       

1      NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

             Davidson Kempner Partners

2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (A) [X]
                                                                         (B) [ ]


3      SEC USE ONLY


4      SOURCE OF FUNDS

             WC

5      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 
       PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]


6      CITIZENSHIP OR PLACE OF ORGANIZATION

             New York

                      7      SOLE VOTING POWER

      NUMBER OF                    375,200
       SHARES
 BENEFICIALLY OWNED
  BY EACH REPORTING
       PERSON
        WITH

       8              SHARED VOTING POWER

                            --

       9              SOLE DISPOSITIVE POWER

                            375,200

       10             SHARED DISPOSITIVE POWER

                            --

11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             375,200

12     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
                                                                             [ ]

13     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

             3.75%

14     TYPE OF REPORTING PERSON

             PN
- ----- --------------
<PAGE>

                                  SCHEDULE 13D


CUSIP NO.  76126R109                                     PAGE 3 OF 20 PAGES
         ---------------------------                                       


1      NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

             Davidson Kempner Institutional Partners, L.P.

2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (A) [X]
                                                                         (B) [ ]


3      SEC USE ONLY


4      SOURCE OF FUNDS

             WC

5      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 
       PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]


6      CITIZENSHIP OR PLACE OF ORGANIZATION

             Delaware

                      7      SOLE VOTING POWER

      NUMBER OF                    522,000
       SHARES
 BENEFICIALLY OWNED
  BY EACH REPORTING
       PERSON
        WITH

       8              SHARED VOTING POWER

                            --

       9              SOLE DISPOSITIVE POWER

                            522,000

       10             SHARED DISPOSITIVE POWER

                            --

11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             522,000

12     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
                                                                             [ ]

13     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

             5.22%

14     TYPE OF REPORTING PERSON

             PN
- ------ --------------
<PAGE>

                                  SCHEDULE 13D


CUSIP NO.  76126R109                                     PAGE 4 OF 20 PAGES
         ---------------------------                                       



1      NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

             Davidson Kempner International Ltd.

2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (A) [X]
                                                                         (B) [ ]


3      SEC USE ONLY


4      SOURCE OF FUNDS

             WC

5      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 
       PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]


6      CITIZENSHIP OR PLACE OF ORGANIZATION

             British Virgin Islands

                      7      SOLE VOTING POWER

      NUMBER OF                    61,400
       SHARES
 BENEFICIALLY OWNED
  BY EACH REPORTING
       PERSON
        WITH

       8              SHARED VOTING POWER

                            --

       9              SOLE DISPOSITIVE POWER

                            61,400

       10             SHARED DISPOSITIVE POWER

                            --

11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             61,400

12     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
                                                                             [ ]

13     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

             .61%

14     TYPE OF REPORTING PERSON

             CO
- ------ --------------
<PAGE>

                                  SCHEDULE 13D


CUSIP NO.  76126R109                                     PAGE 5 OF 20 PAGES
         ---------------------------                                       


1      NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

             Davidson Kempner Endowment Partners

2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (A) [X]
                                                                         (B) [ ]


3      SEC USE ONLY


4      SOURCE OF FUNDS

             WC

5      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 
       PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]


6      CITIZENSHIP OR PLACE OF ORGANIZATION

             New York

                      7      SOLE VOTING POWER
      NUMBER OF
       SHARES                      284,700
 BENEFICIALLY OWNED
  BY EACH REPORTING
       PERSON
        WITH

       8              SHARED VOTING POWER

                            --

       9              SOLE DISPOSITIVE POWER

                            284,700

       10             SHARED DISPOSITIVE POWER

                            --

11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             284,700

12     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
                                                                             [ ]

13     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

             2.85%

14     TYPE OF REPORTING PERSON

             PN
- ------ --------------
<PAGE>

                                  SCHEDULE 13D


CUSIP NO.  76126R109                                     PAGE 6 OF 20 PAGES
         ---------------------------                                       


1      NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

             MHD Management Co.

2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (A) [X]
                                                                         (B) [ ]


3      SEC USE ONLY


4      SOURCE OF FUNDS

             AF

5      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 
       PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]


6      CITIZENSHIP OR PLACE OF ORGANIZATION

             New York

                      7      SOLE VOTING POWER

      NUMBER OF                    659,900
       SHARES
 BENEFICIALLY OWNED
  BY EACH REPORTING
       PERSON
        WITH

       8              SHARED VOTING POWER

                            --

       9              SOLE DISPOSITIVE POWER

                            659,900

       10             SHARED DISPOSITIVE POWER

                            --

11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             659,900

12     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
                                                                             [ ]

13     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

             6.6%

14     TYPE OF REPORTING PERSON

             PN
- ------ --------------
<PAGE>

                                  SCHEDULE 13D


CUSIP NO.  76126R109                                     PAGE 7 OF 20 PAGES
         ---------------------------                                       

1      NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

             M.H. Davidson & Co.

2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (A) [X]
                                                                         (B) [ ]


3      SEC USE ONLY


4      SOURCE OF FUNDS

             WC

5      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
       PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]


6      CITIZENSHIP OR PLACE OF ORGANIZATION

             New York

                      7      SOLE VOTING POWER

      NUMBER OF                    24,100
       SHARES
 BENEFICIALLY OWNED
  BY EACH REPORTING
       PERSON
        WITH

       8              SHARED VOTING POWER

                            --

       9              SOLE DISPOSITIVE POWER

                            24,100

       10             SHARED DISPOSITIVE POWER

                            --

11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             24,100

12     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
                                                                             [ ]

13     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

             .24%

14     TYPE OF REPORTING PERSON

             PN
- ------ --------------
<PAGE>

                                  SCHEDULE 13D


CUSIP NO.  76126R109                                     PAGE 8 OF 20 PAGES
         ---------------------------                                       

1      NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

             Davidson Kempner Advisers Inc.

2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (A) [X]
                                                                         (B) [ ]


3      SEC USE ONLY


4      SOURCE OF FUNDS

             AF

5      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 
       PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]


6      CITIZENSHIP OR PLACE OF ORGANIZATION

             New York

                      7      SOLE VOTING POWER

      NUMBER OF                    522,000
       SHARES
 BENEFICIALLY OWNED
  BY EACH REPORTING
       PERSON
        WITH

       8              SHARED VOTING POWER

                            --

       9              SOLE DISPOSITIVE POWER

                            522,000

       10             SHARED DISPOSITIVE POWER

                            --

11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             522,000

12     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
                                                                             [ ]

13     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

             5.22%

14     TYPE OF REPORTING PERSON

             CO
- ------ --------------
<PAGE>

                                  SCHEDULE 13D


CUSIP NO.  76126R109                                     PAGE 9 OF 20 PAGES
         ---------------------------                                       


1      NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

             Marvin H. Davidson

2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (A) [X]
                                                                         (B) [ ]


3      SEC USE ONLY


4      SOURCE OF FUNDS

             AF

5      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 
       PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]


6      CITIZENSHIP OR PLACE OF ORGANIZATION

             United States

                      7      SOLE VOTING POWER

      NUMBER OF                    --
       SHARES
 BENEFICIALLY OWNED
  BY EACH REPORTING
       PERSON
        WITH

       8              SHARED VOTING POWER

                            1,267,400

       9              SOLE DISPOSITIVE POWER
                            --

       10             SHARED DISPOSITIVE POWER

                            1,267,400

11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             1,267,400

12     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  
                                                                             [X]

13     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

             12.67%

14     TYPE OF REPORTING PERSON

             IN
- ------ --------------
<PAGE>

                                  SCHEDULE 13D


CUSIP NO.  76126R109                                     PAGE 10 OF 20 PAGES
         ---------------------------                                        


1      NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

             Thomas L. Kempner, Jr.

2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (A) [X]
                                                                         (B) [ ]


3      SEC USE ONLY


4      SOURCE OF FUNDS

             AF, PF

5      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
       PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]


6      CITIZENSHIP OR PLACE OF ORGANIZATION

             United States

                      7      SOLE VOTING POWER

      NUMBER OF                    2,300
       SHARES
 BENEFICIALLY OWNED
  BY EACH REPORTING
       PERSON
        WITH

       8              SHARED VOTING POWER

                            1,267,400

       9              SOLE DISPOSITIVE POWER

                            2,300

       10             SHARED DISPOSITIVE POWER

                            1,267,400

11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             1,269,700

12     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES    
                                                                             [X]


13     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

             12.7%

14     TYPE OF REPORTING PERSON

             IN
- ------ --------------
<PAGE>

                                  SCHEDULE 13D


CUSIP NO.  76126R109                                     PAGE 11 OF 20 PAGES
         ---------------------------                                        


1      NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

             Stephen M. Dowicz

2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (A) [X]
                                                                         (B) [ ]


3      SEC USE ONLY


4      SOURCE OF FUNDS

             AF

5      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 
       PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]


6      CITIZENSHIP OR PLACE OF ORGANIZATION

             United States

                      7      SOLE VOTING POWER

      NUMBER OF                    --
       SHARES
 BENEFICIALLY OWNED
  BY EACH REPORTING
       PERSON
        WITH

       8              SHARED VOTING POWER

                            1,267,400

       9              SOLE DISPOSITIVE POWER

                            --

       10             SHARED DISPOSITIVE POWER

                            1,267,400

11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             1,267,400

12     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
                                                                             [ ]

13     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

             12.67%

14     TYPE OF REPORTING PERSON

             IN
- ------ --------------
<PAGE>

                                  SCHEDULE 13D


CUSIP NO.  76126R109                                     PAGE 12 OF 20 PAGES
         ---------------------------                                        



1      NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

             Scott E. Davidson

2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (A) [X]
                                                                         (B) [ ]


3      SEC USE ONLY


4      SOURCE OF FUNDS

             AF

5      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 
       PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]


6      CITIZENSHIP OR PLACE OF ORGANIZATION

             United States

                      7      SOLE VOTING POWER

      NUMBER OF                    --
       SHARES
 BENEFICIALLY OWNED
  BY EACH REPORTING
       PERSON
        WITH

       8              SHARED VOTING POWER

                            1,267,400

       9              SOLE DISPOSITIVE POWER

                            --

       10             SHARED DISPOSITIVE POWER

                            1,267,400

11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             1,267,400

12     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
                                                                             [ ]

13     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

             12.67%

14     TYPE OF REPORTING PERSON

             IN
- ------ --------------
<PAGE>

                                  SCHEDULE 13D


CUSIP NO.  76126R109                                     PAGE 13 OF 20 PAGES
         ---------------------------                                        


1      NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

             Michael J. Leffell

2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (A) [X]
                                                                         (B) [ ]


3      SEC USE ONLY


4      SOURCE OF FUNDS

             AF

5      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 
       PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]


6      CITIZENSHIP OR PLACE OF ORGANIZATION

             United States

                      7      SOLE VOTING POWER

      NUMBER OF                    --
       SHARES
 BENEFICIALLY OWNED
  BY EACH REPORTING
       PERSON
        WITH

       8              SHARED VOTING POWER

                            1,267,400

       9              SOLE DISPOSITIVE POWER

                            --

       10             SHARED DISPOSITIVE POWER

                            1,267,400

11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             1,267,400

12     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
                                                                             [ ]

13     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                  12.67%

14     TYPE OF REPORTING PERSON

             IN
- ------ --------------
<PAGE>

                                  SCHEDULE 13D


CUSIP NO.  76126R109                                     PAGE 14 OF 20 PAGES
         ---------------------------                                        


1      NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

             Davidson Kempner International Advisors, L.L.C.

2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (A) [X]
                                                                         (B) [ ]


3      SEC USE ONLY


4      SOURCE OF FUNDS

             AF

5      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 
       PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]


6      CITIZENSHIP OR PLACE OF ORGANIZATION

             Delaware

                      7      SOLE VOTING POWER

      NUMBER OF                    61,400
       SHARES
 BENEFICIALLY OWNED
  BY EACH REPORTING
       PERSON
        WITH

       8              SHARED VOTING POWER

                            --

       9              SOLE DISPOSITIVE POWER

                            61,400

       10             SHARED DISPOSITIVE POWER

                            --

11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             61,400

12     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
                                                                             [ ]

13     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

             .61%

14     TYPE OF REPORTING PERSON

             OO
- ------ --------------
<PAGE>

                                  SCHEDULE 13D


CUSIP NO.  76126R109                                     PAGE 15 OF 20 PAGES
         ---------------------------                                        


1      NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

             Thomas L. Kempner Foundation Inc.

2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (A) [X]
                                                                         (B) [ ]


3      SEC USE ONLY


4      SOURCE OF FUNDS

             WC

5      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 
       PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]


6      CITIZENSHIP OR PLACE OF ORGANIZATION

             New York

                      7      SOLE VOTING POWER

      NUMBER OF                    900
       SHARES
 BENEFICIALLY OWNED
  BY EACH REPORTING
       PERSON
        WITH

       8              SHARED VOTING POWER

                            --

       9              SOLE DISPOSITIVE POWER

                            900

       10             SHARED DISPOSITIVE POWER

                            --

11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             900

12     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
                                                                             [ ]

13     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

             .009%

14     TYPE OF REPORTING PERSON

             00
- ------ --------------
<PAGE>

                                  SCHEDULE 13D


CUSIP NO.  76126R109                                     PAGE 16 OF 20 PAGES
         ---------------------------                                        



                         AMENDMENT NO. 5 TO SCHEDULE 13D


            This is Amendment No. 5 ("Amendment No. 5") to the original
statement on Schedule 13D filed by the Davidson Kempner group, dated April 6,
1995 as amended by Amendment No. 1 dated January 19, 1996, Amendment No. 2,
dated November 7, 1996, Amendment No. 3 dated March 12, 1997 and Amendment No. 4
dated August 15, 1997 (the "Schedule 13D").

            This Amendment No. 5 is being filed by the Reporting Parties to
amend or supplement certain information contained in the Schedule 13D.
Capitalized terms used but not defined herein have the meanings ascribed to them
in the Schedule 13D.

            The Schedule 13D is hereby amended as follows:

Item 4.     Purpose of the Transaction.
- -------     ---------------------------

            Item 4 of the Schedule 13D as previously filed is amended to read as
follows:

            The Company is currently managed and administered by Wexford
Management LLC ("Wexford"). As reported in the Company's 10-Q for the period
ended September 30, 1997, Wexford's management agreement is due to expire on
December 31, 1997. On December 19, 1997, one of the Reporting Parties
participated in a discussion with four directors and two other principal
shareholders of the Company during which the Reporting Party's views regarding
the future management and direction of the Company were solicited. The
representative of the Reporting Parties expressed support for seeking an interim
extension of Wexford's management agreement and for identifying and engaging new
management in early 1998. The representative of the Reporting Parties also
expressed support for encouraging new management to seek ways to increase
Company value.

            The Reporting Parties intend to engage in further communications
with one or more of the Company's shareholders, officers and/or directors
regarding new management for the Company and maximizing shareholder value
including but not limited to the possibility of operating the Company as a going
concern.

            The Reporting Parties may, at any time and from time to time, and
reserve the right to, acquire additional securities of the Company, dispose of
any such securities of the Company or formulate other plans or proposals
regarding the Company or its securities, to the extent deemed advisable by the
Reporting Parties in light of their general investment policies, market
conditions or other factors.

<PAGE>

                                  SCHEDULE 13D


CUSIP NO.  76126R109                                     PAGE 17 OF 20 PAGES
         ---------------------------                                        


            Except as set forth above, the Reporting Parties have no intention,
plan or proposal with respect to:

            (a)   The acquisition by any person of additional securities of the 
                  issuer, or the disposition of securities of the issuer;

            (b)   An extraordinary corporate transaction, such as a merger,
                  reorganization or liquidation, involving the issuer or any of
                  its subsidiaries;

            (c)   A sale or transfer of a material amount of assets of the
                  issuer or any of its subsidiaries;

            (d)   Any change in the present Board of Directors or management of
                  the issuer, including any plans or proposals to change the
                  number or term of directors or to fill any existing vacancies
                  on the Board;

            (e)   Any material change in the present capitalization or dividend
                  policy of the issuer;

            (f)   Any other material change in the issuer's business or
                  corporate structure, including but not limited to, if the
                  issuer is a registered closed-end investment company, any
                  plans or proposals to make any changes in its investment
                  policy for which a vote is required by Section 13 of the
                  Investment Company Act of 1940;

            (g)   Changes in the issuer's charter, bylaws or instruments
                  corresponding thereto or other actions which may impede the
                  acquisition of control of the issuer by any person;

            (h)   Causing a class of securities of the issuer to be delisted
                  from a national securities exchange or to cease to be
                  authorized to be quoted in an inter-dealer quotation system of
                  a registered national securities association;

            (i)   A class of equity securities of the issuer becoming eligible
                  for termination of registration pursuant to Section 12(g)(4)
                  of the Securities Exchange Act of 1934; or

            (j)   Any action similar to any of those enumerated above.


<PAGE>

                                  SCHEDULE 13D


CUSIP NO.  76126R109                                     PAGE 18 OF 20 PAGES
         ---------------------------                                        


                                   SIGNATURES


            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.

December 23, 1997


                              DAVIDSON KEMPNER PARTNERS
                                By MHD Management Co., its
                                general partner


                              By: /s/ Thomas L. Kempner, Jr.
                                  ------------------------------ 
                                  Thomas L. Kempner, Jr.
                                  General Partner


                              DAVIDSON KEMPNER INSTITUTIONAL
                              PARTNERS, L.P.
                                By Davidson Kempner Advisers
                                Inc., its general partner


                              By: /s/ Thomas L. Kempner, Jr.
                                  ------------------------------ 
                                  Thomas L. Kempner, Jr.
                                  Secretary


                              DAVIDSON KEMPNER ENDOWMENT PARTNERS
                                By MHD Management Co., its
                                general partner


                              By: /s/ Thomas L. Kempner, Jr.
                                  ------------------------------ 
                                  Thomas L. Kempner, Jr.
                                  General Partner


                              MHD MANAGEMENT CO.


                              By: /s/ Thomas L. Kempner, Jr.
                                  ------------------------------ 
                                  Thomas L. Kempner, Jr.
                                  General Partner


<PAGE>


                                  SCHEDULE 13D


CUSIP NO.  76126R109                                     PAGE 19 OF 20 PAGES
         ---------------------------                                        


                              DAVIDSON KEMPNER ADVISERS INC.


                              By: /s/ Thomas L. Kempner, Jr.
                                  ------------------------------ 
                                  Thomas L. Kempner, Jr.
                                  Secretary



                                  /s/ Marvin H. Davidson
                                  ------------------------------ 
                                  Marvin H. Davidson


                                  /s/ Thomas L. Kempner, Jr.
                                  ------------------------------ 
                                  Thomas L. Kempner, Jr.


                                  /s/ Stephen M. Dowicz
                                  ------------------------------ 
                                  Stephen M. Dowicz


                                  /s/ Scott E. Davidson
                                  ------------------------------ 
                                  Scott E. Davidson


                                  /s/ Michael J. Leffell
                                  ------------------------------ 
                                  Michael J. Leffell


                              THOMAS L. KEMPNER FOUNDATION
                              INC.


                              By: /s/ Thomas L. Kempner, Jr.
                                  ------------------------------ 
                                  Thomas L. Kempner, Jr.
                                  President


                              DAVIDSON KEMPNER INTERNATIONAL LTD.
                               By: Davidson Kempner International
                                    Advisors, L.L.C., its
                                          investment manager


                              By: /s/ Thomas L. Kempner, Jr.
                                  ------------------------------ 
                                  Thomas L. Kempner, Jr.
                                  A Managing Member


<PAGE>

                                  SCHEDULE 13D


CUSIP NO.  76126R109                                     PAGE 20 OF 20 PAGES
         ---------------------------                                        



                              DAVIDSON KEMPNER INTERNATIONAL
                                    ADVISORS, L.L.C.


                              By: /s/ Thomas L. Kempner, Jr.
                                  ------------------------------ 
                                  Thomas L. Kempner, Jr.
                                  A Managing Member


                              M.H. DAVIDSON & CO.

                              By: /s/ Thomas L. Kempner, Jr.
                                  ------------------------------ 
                                  Thomas L. Kempner, Jr.
                                  General Partner





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