SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Name of Issuer: PanAmSat Corp.
Title of Class of Securities: Common Stock, Par $.01
CUSIP Number: 69830X 108
*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. 69830X 108
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Firstar Bank Wisconsin
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
State of organization: Wisconsin
NUMBER OF 5. SOLE VOTING POWER
SHARES 0 (Based upon filing person's understanding
that, as a result of merger and
reorganization transactions, all shares of
this security have been converted into cash and/or the
right to receive shares of "new" PanAmSat
Corporation common stock, CUSIP # 697933
109)
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0 (Based upon filing person's understanding
that, as a result of merger and
reorganization transactions, all shares of
this security have been converted into cash and/or the
right to receive shares of "new" PanAmSat
Corporation common stock, CUSIP # 697933
109)
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0 (Based upon filing person's understanding
that, as a result of merger and
reorganization transactions, all shares of
this security have been converted into cash and/or the
right to receive shares of "new" PanAmSat
Corporation common stock, CUSIP # 697933
109)
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0 (Based upon filing person's understanding
that, as a result of merger and
reorganization transactions, all shares of
this security have been converted into cash and/or the
right to receive shares of "new" PanAmSat
Corporation common stock, CUSIP # 697933
109)
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 shares (Based upon filing person's understanding that, as
a result of merger and reorganization
transactions, all shares of this security
have been converted into cash and/or the right to
receive shares of "new" PanAmSat Corporation common stock,
CUSIP # 697933 109)
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
12. TYPE OF REPORTING PERSON*
BK
Item 1(a). Name of Issuer:
PanAmSat Corp.
Item 1(b). Address of Issuer's Principal Executive Offices:
One Pickwick Plaza
Greenwich, Connecticut 06830
Item 2(a). Name of Person Filing:
Firstar Bank Wisconsin
Item 2(b). Address of Principal Business Office or, if none,
Residence:
One South Pinckney Street
Madison, Wisconsin 53703-2802
Item 2(c). Citizenship:
State of organization: Wisconsin
Item 2(d). Title of Class of Securities:
Common Stock, Par $.01
Item 2(e). CUSIP Number:
69830X 108
Item 3. If this statement is filed pursuant to Rules 13d-1(b),
or 13d-2(b), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under section 15 of the Act
(b) [x] 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 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-1(b)(1)(ii)(H)
Item 4. Ownership:
(a) Amount Beneficially Owned as of May 31, 1997:
0 shares (Based upon filing person's understanding that, as
a result of merger and reorganization
transactions, all shares of this security
have been converted into cash and/or the right to
receive shares of "new" PanAmSat Corporation common stock,
CUSIP # 697933 109)
(b) Percent of Class:
0%
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote:
0 (Based upon filing person's understanding that, as a
result of merger and reorganization transactions, all
shares of this security have been converted into cash
and/or the right to receive shares of "new"
PanAmSat Corporation common stock, CUSIP # 697933 109)
(ii) shared power to vote or to direct to the vote:
0 (Based upon filing person's understanding that, as a
result of merger and reorganization transactions, all
shares of this security have been converted into cash
and/or the right to receive shares of "new"
PanAmSat Corporation common stock, CUSIP # 697933 109)
(iii) sole power to dispose or to direct the disposition of:
0 (Based upon filing person's understanding that, as a
result of merger and reorganization transactions, all
shares of this security have been converted into cash
and/or the right to receive shares of "new"
PanAmSat Corporation common stock, CUSIP # 697933 109)
(iv) shared power to dispose ore to direct the disposition of:
0 (Based upon filing person's understanding that, as a
result of merger and reorganization transactions, all
shares of this security have been converted into cash
and/or the right to receive shares of "new"
PanAmSat Corporation common stock, CUSIP # 697933 109)
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 [X].
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.
Not Applicable
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
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: June 9, 1997
FIRSTAR BANK WISCONSIN
By: /s/ Joan M. Fagan
Name/Title: Joan M. Fagan, Secretary
