Securities and Exchange Commission, Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
_______________________________________________________________________
(Name of Issuer) Dylex Limited
_______________________________________________________________________
(Title of Class of Securities) Common Stock
_______________________________________________________________________
(CUSIP Number) 267720407
_______________________________________________________________________
(Date of Event Which Requires Filing of this Statement) Annual Filing
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[x] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] 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).
CUSIP No. 267720407
(1) Names of reporting persons...Bankmont Financial Corp
I.R.S. Identification Nos. of above persons (entities only)
51-0275712
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(2) Check the appropriate box if a member of a group
(a)
(b) x
(3) SEC use only.....................................................
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(4) Citizenship or place of organization.............................
Ontario, Canada
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power.4,367,902..........................
(6) Shared voting power...0...............................
(7) Sole dispositive power....4,367,902...................
(8) Shared dispositive power....0...........................
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(9) Aggregate amount beneficially owned by each reporting person 4,367,902
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(10) Check if the aggregate amount in Row (9) excludes certain shares
(see instructions)..................................................
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(11) Percent of class represented by amount in Row (9) 8.43........
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(12) Type of reporting person (see instructions)..HC................
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Page--of--Pages--------------------------------------------------------
Item 1(a) Name of issuer:
Dylex Limited
Item 1(b) Address of issuer's principal executive offices:
637 Lake Shore Boulevard West
Toronto, Ontario M5V 1AB
Canada
2(a) Name of person filing: Bankmont Financial Corp
_______________________________________________________________________
2(b) Address or principal business office or, if none, residence:
111 W. Monroe Street
P. O. Box 755
Chicago, IL 60690
_______________________________________________________________________
2(c) Citizenship: Ontario, Canada
_______________________________________________________________________
2(d) Title of class of securities: Common Stock
_______________________________________________________________________
2(e) CUSIP No.: 267720407
_______________________________________________________________________
Item 3. If this statement is filed pursuant to Secs. 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of the Act (15
U.S.C. 78o).
(b) [x] Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C 80a-8).
(e) [ ] An investment adviser in accordance with Sec. 240.13d-
1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance
with Sec. 240.13d-1(b)(1)(ii)(F);
(g) [x] A parent holding company or control person in accordance
with Sec. 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment Company Act
of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with Sec. 240.13d-1(b)(1)(ii)(J).
Item 4. Ownership
1.
(a) Amount beneficially owned: 4,367,902
(b) Percent of class: 8.43
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote 4,367,902
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of 0
(iv) Shared power to dispose or to direct the disposition of 0
Item 5. Ownership of 5 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 5
percent of the class of securities, check the following [ ].
Item 6. Ownership of More than 5 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 or Control Person.
Bankmont Financial Corp., a Parent Holding Company,
Filing on behalf of the following affiliates:
Bank of Montreal Holding Inc., a Parent Holding Company
350 7th Avenue S.W.
Calgary, Alberta CANADA
T2P 3N9
Bank of Montreal Securities Canada Limited, a Parent Holding Company
First Canadian Place
Third Floor
Toronto, Ontario CANADA
M5X 1A1
The Nesbitt Burns Corporation Limited, a Parent Holding Company
One First Canadian Place
Fourth Floor
Toronto, Ontario CANADA
M5X 1H3
Nesbitt Burns, Inc., a broker-dealer
One First Canadian Place
5th Floor
Toronto, Ontario CANADA
M5X 1H3
And filing on behalf of its parent:
Bank of Montreal
1 First Canadian Place
Toronto, Ontario Canada
MX5 1H3
Item 8. Identification and Classification of Members of the Group
See Exhibit 2
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 and are held in
the ordinary course of business and were not acquired and are not held
for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are
not held in connection with or as a participant in any transaction
having that purpose or effect.
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: January 10, 2001
BANKMONT FINANCIAL CORP.
BY: (Alan G. McNally)
Alan G. McNally
President
Schedule 13G
Exhibit 1
Nesbitt Burns, Inc. is a wholly-owned subsidiary of The Nesbitt Burns
Corporation Limited, which is a wholly-owned subsidiary of Bank of
Montreal Securities Canada Limited, which is a wholly-owned subsidiary
of Bank of Montreal Holding Inc., which is a wholly-owned subsidiary
of Bank of Montreal.
Pursuant to Rule 13d-1(k)(1)(iii), Bank of Montreal, Bank of Montreal
Holding Inc., Bank of Montreal Securities Canada Limited, The Nesbitt
Burns Corporation Limited, Nesbitt Burns Inc agree to this filing of
Schedule 13G by Bankmont Financial Corp. This exhibit is submitted
as proof of their agreement and authorization for Bankmont Financial
Corp. to file on their behalf.
Dated: January 10, 2001
BANK OF MONTREAL
BY: (Velma J. Jones)
Velma J. Jones
Secretary
BANK OF MONTREAL HOLDING INC.
BY: (Chris Begy)
Chris Begy
Chief Financial Officer
BANK OF MONTREAL SECURITIES CANADA LIMITED
BY: (Derek Jones)
Derek Jones
Senior Vice President
THE BMO NESBITT BURNS CORPORATION LIMITED
BY: (Charlie R. Moses)
Charlie R. Moses
BMO NESBITT BURNS INC.
BY: (Charlie R. Moses)
Charlie R. Moses
Senior Vice President and Managing Director
Schedule 13G
Exhibit 2
This Schedule is being filed by Bankmont Financial Corporation,
its parent company, Bank of Montreal.
Bank of Montreal, Bankmont Financial Corp., Bank of Montreal Holding Inc.,
Bank of Montreal Securities Canada Limited, The Nesbitt Burns Corporation
Limited, Nesbitt Burns Inc., expressly disclaim the existence of a group
for purposes other than this filing.
