CAMERON FINANCIAL CORP /DE/
SC 13G, 2000-11-16
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G
                    Under the Securities Exchange Act of 1934
                              (Amendment No. ___)*

                          Cameron Financial Corporation
--------------------------------------------------------------------------------
                                (Name of Issuer)


                               Common Stock, $.01
--------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                    133425108
--------------------------------------------------------------------------------
                                 (CUSIP Number)


                                November 8, 2000
--------------------------------------------------------------------------------
             (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)

               [X]  Rule 13d-(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).

                                Page 1 of 8 pages

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-------------------------------                    -----------------------------
CUSIP NO. 133425108                      13G              Page 2 of 8 Pages

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

--------------------------------------------------------------------------------
   1       NAMES OF REPORTING PERSONS
           I.R.S. IDENTIFICATION NUMBERS OF ABOVE PERSONS (entities only)

           Gabriel Capital Corporation

--------------------------------------------------------------------------------
   2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP            (a)  [X]
           (See Instructions)                                          (b)  [ ]


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


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

           Delaware
--------------------------------------------------------------------------------
                             5      SOLE VOTING POWER


       NUMBER OF
        SHARES              ----------------------------------------------------
     BENEFICIALLY            6      SHARED VOTING POWER
       OWNED BY
         EACH                       58,110
       REPORTING
        PERSON              ----------------------------------------------------
         WITH                7      SOLE DISPOSITIVE POWER



                            ----------------------------------------------------
                             8      SHARED DISPOSITIVE POWER

                                    58,110

--------------------------------------------------------------------------------
   9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           58,110
--------------------------------------------------------------------------------
   10      CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
           (See Instructions)                                               [ ]

--------------------------------------------------------------------------------
   11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

           3.0%
--------------------------------------------------------------------------------
   12      TYPE OF REPORTING PERSON (See Instructions)

           CO
--------------------------------------------------------------------------------

                                Page 2 of 8 pages

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-------------------------------                    -----------------------------
CUSIP NO. 133425108                      13G              Page 3 of 8 Pages

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

--------------------------------------------------------------------------------
   1       NAMES OF REPORTING PERSONS
           I.R.S. IDENTIFICATION NUMBERS OF ABOVE PERSONS (entities only)

           J. Ezra Merkin

--------------------------------------------------------------------------------
   2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP            (a)  [X]
           (See Instructions)                                          (b)  [ ]


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


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

           Delaware
--------------------------------------------------------------------------------
                             5      SOLE VOTING POWER

                                    39,390
       NUMBER OF
        SHARES              ----------------------------------------------------
     BENEFICIALLY            6      SHARED VOTING POWER
       OWNED BY
         EACH                       58,110
       REPORTING
        PERSON              ----------------------------------------------------
         WITH                7      SOLE DISPOSITIVE POWER

                                    39,390

                            ----------------------------------------------------
                             8      SHARED DISPOSITIVE POWER

                                    58,110

--------------------------------------------------------------------------------
   9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           97,500
--------------------------------------------------------------------------------
   10      CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
           (See Instructions)                                               [ ]

--------------------------------------------------------------------------------
   11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

           5.1%
--------------------------------------------------------------------------------
   12      TYPE OF REPORTING PERSON (See Instructions)

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

                                Page 3 of 8 pages

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Item 1.  (a)  Name of Issuer:

              Cameron Financial Corporation

         (b)  Address of Issuer's Principal Executive Offices:

              1304 North Walnut
              Cameron, MO  64429

Item 2.  (a)(b)(c) Name of Person Filing; Address of Principal Business Office
         or, if none, Residence; Citizenship:

         This Schedule 13G is being filed jointly by Gabriel Capital
Corporation, a Delaware corporation ("Gabriel Capital") and the Investment
Advisor of Ariel Fund Limited, a Cayman Islands corporation ("Ariel Fund"), and
J. Ezra Merkin ("Merkin"), the General Partner of Gabriel Capital L.P., a
Delaware limited partnership ("Gabriel"). Merkin is also the sole shareholder,
sole director and president of Gabriel Capital. Gabriel Capital and Merkin are
hereinafter sometimes referred to collectively as the "Reporting Persons." The
business address of each of Gabriel, Gabriel Capital and Merkin is 450 Park
Avenue, New York, New York 10022 and the business address of Ariel Fund is c/o
Maples & Calder, P.O. Box 309, Grand Cayman, Cayman Islands, British West
Indies. Merkin is a United States Citizen.

         (d) Title of Class of Securities:

             Common Stock, $.01 par value

         (e) CUSIP Number:

             133425108

Item 3.  If this statement is filed pursuant to ss.ss.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) [ ] 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 ss.240.13d-1(b)(1)(ii)(E).

         (f) [ ] An employee benefit plan or endowment fund in accordance
                 with ss. 240.13d-1(b)(1)(ii)(F).


                                Page 4 of 8 pages

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         (g) [ ] A parent holding company or control person in accordance
                 with ss. 240.13d-1(b)(1)(ii)(G).

         (h) [ ] A savings association 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 ss.240.13d-1(b)(1)(ii)(J).

Item 4.  Ownership:

         (a) Amount Beneficially Owned: 97,500*

         (b) Percent of Class: 5.1%*

         (c) Number of Shares as to which the person has:

             (i)   sole power to vote or direct the vote -0-

             (ii)  shared power to vote or direct the vote 97,500*

             (iii) sole power to dispose or direct the disposition of -0-

             (iv)  shared power to dispose or direct the disposition of 97,500*

             *See Attachment A

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 or Control
         Person:

         NOT APPLICABLE

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

         NOT APPLICABLE


                                Page 5 of 8 pages

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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 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.


                                Page 6 of 8 pages

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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.


                                                     GABRIEL CAPITAL CORPORATION


                                                     By: /s/ J. Ezra Merkin
                                                         -----------------------
                                                         Name:  J. Ezra Merkin
                                                         Title: President


                                                     /s/ J. Ezra Merkin
                                                     -------------------
                                                     J. EZRA MERKIN


Date: November 16, 2000


                                Page 7 of 8 pages

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                                  ATTACHMENT A

         As of November 16, 2000, Gabriel is the holder of 39,390 shares of
Common Stock, or 2.0% of the outstanding shares of Common Stock. As of November
16, 2000, Ariel Fund is the holder of 58,110 shares of Common Stock, or 3.0% of
the outstanding shares of Common Stock. Gabriel and Ariel Fund are managed
investment vehicles and neither is the beneficial owner of said shares. Gabriel
Capital, as Investment Advisor to Ariel Fund, has the power to vote and to
direct the voting of and the power to dispose and direct the disposition of the
58,110 shares of Common Stock owned by Ariel Fund. Accordingly, Gabriel Capital
may be deemed to be the beneficial owner of 58,110 shares of Common Stock, or
3.0% of the outstanding shares of Common Stock. As the General Partner of
Gabriel, Merkin has the power to vote and to direct the voting of and the power
to dispose and direct the disposition of the 39,390 shares of Common Stock owned
by Gabriel. In addition, as the sole shareholder and president of Gabriel
Capital, Merkin may be deemed to have the power to vote and to direct the voting
of and the power to dispose and direct the disposition of the 58,110 shares of
Common Stock owned by Ariel Fund. Accordingly, Merkin may be deemed to be the
beneficial owner of 97,500 shares of Common Stock, or 5.1% of the outstanding
shares of Common Stock.


                                Page 8 of 8 pages

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                            AGREEMENT OF JOINT FILING

         In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, the undersigned hereby agree to the joint filing with all
other persons signatory below of a statement on Schedule 13G or any amendments
thereto, with respect to the Common Stock of Cameron Financial Corporation, and
that this Agreement be included as an attachment to such filing.

         This Agreement may be executed in any number of counterparts each of
which shall be deemed to be an original and all of which together shall be
deemed to constitute one and the same Agreement.

         IN WITNESS WHEREOF, the undersigned hereby execute this Agreement on
the 16th day of November, 2000.

                                                     GABRIEL CAPITAL CORPORATION

                                                     By: /s/ J. Ezra Merkin
                                                         -----------------------
                                                         Name:  J. Ezra Merkin
                                                         Title: President


                                                     /s. J. Ezra Merkin
                                                     ------------------
                                                     J. EZRA MERKIN



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