BAY POND PARTNERS L P
SC 13D/A, 1996-09-17
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SECURITIES AND EXCHANGE COMMISSION 
WASHINGTON, D.C. 20549 
 
 
SCHEDULE 13D 
 
 
(Under the Securities Exchange Act of 1934) 
(Amendment #1) 
 
 
LOGANSPORT FINANCIAL CORP. 
(Name of Issuer) 
 
 
COMMON STOCK 
(Title of Class of Securities) 
 
54120910 
(Cusip Number) 
 
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 Schedule because of Rule 13d-1(b)(3) or (4), check the following
box [	]. 
 
Check the following box if a fee is being paid with this statement [  ].  (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 of 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)
 

 
[Continued on the following page(s)] 
 
Page 1 of 5 Pages 
 
 
 
Page 2 or 4 Pages								Cusip # 
54120910  
- --------------------------------------------------------------------------- 
1.	Name of Reporting Person: 
(Social Security or IRS Identification no. of above person): 
	 
	Bay Pond Partners, L.P. 
	04-3217743 
- --------------------------------------------------------------------------- 
2.	Check the appropriate box if a member of a group 
(a)(   ) 
(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 
								0 
	Number of				--------------------------------------------- 
		shares				8.	Shared Voting Power 
	beneficially 
	owned by					89,700 
	each					--------------------------------------------- 
		Reporting				9.	Sole Dispositive Power 
	person 
	with						0 
							--------------------------------------------- 
10.	Shared Dispositive Power 
								89,700 
- --------------------------------------------------------------------------- 
11.	Aggregate amount beneficially owned by each reporting person 
		89,700 
- --------------------------------------------------------------------------- 
12.	Check if the aggregate amount in row (11) excludes certain shares* 
	 
- --------------------------------------------------------------------------- 
13.	Percent of class represented by amount in row (11): 
		6.78% 
- --------------------------------------------------------------------------- 
14.	Type of Reporting person 
		PN 
 
 
Page 3 of 5 Pages	Cusip #:  54120910 
 
ITEM 1.		SECURITY AND ISSUER 
 
		The common stock ("Common Stock") to which this Schedule relates to is the 
Common Stock of Logansport Financial Corp. , an Indiana corporation (the
"Issuer"), whose principal executive office is located at 723 East Broadway,
Logansport, Indiana  46947. 
 
ITEM 2.		IDENTITY AND BACKGROUND. 
 
		This Schedule is filed on behalf of Bay Pond Partners, L.P. ("Bay Pond"), a 
Delaware limited partnership, Wellington Hedge Management Limited Partnership
("WHMLP"), a Massachusetts limited partnership which is the sole general partner
of Bay Pond, and Wellington Hedge Management, Inc. ("WHM"), which is the sole
general partner of WHMLP. WHM is a Massachusetts corporation of which Robert W.
Doran, John R. Ryan, and Duncan M. McFarland serve as directors and are the sole
stockholders, and Messrs. Doran and McFarland serve as executive officers,
serving as Chairman and Vice Chairman, respectively.  The business address for
Bay Pond, WHMLP, WHM and Messrs. Doran, McFarland and Ryan is located at 75
State Street, Boston, Massachusetts 02109. Wellington Management Company is a
Massachusetts general partnership and is registered as an investment adviser
under the Investment Advisers Act of 1940.  The business address is 75 State
Street, Boston, MA 02109. 
 
None of the persons or entities named above has, during the last five years,
been convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors), nor during the last five years been a party to a civil proceeding
and as a result was or is subject to a judgment decree, or final order of the
type described in the instructions to Item 2 (e) of Schedule 13D.  Messrs.
Doran, Ryan and McFarland are United States citizens. 
 
ITEM 3.		SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. 
 
  Bay Pond is the beneficial owner of 89,700 shares of Common Stock of the
Issuer, for which it paid an aggregate of approximately $1,072,918.  The source
of the consideration used for the purchase of such stock was obtained from the
working capital of Bay Pond, which in the normal course of its business was
comprised of equity contributed by partners and earnings from their operations. 
 
ITEM 4.		PURPOSE OF TRANSACTION. 
 
		The acquisitions of shares of Common Stock described herein were made for 
investment purposes. 
 
ITEM 5		INTEREST IN SECURITIES OF THE ISSUER. 
 
		AGGREGATE NUMBER AND PERCENTAGE OF SECURITIES:  Bay Pond owns beneficially
89,700 shares of Common Stock of the Issuer (6.78% of 1,323,000 shares of such
Common Stock outstanding).  No other person identified in Item 2 beneficially
owns any securities of the Issuer. 
 
	 POWER TO VOTE AND DISPOSE:  Bay Pond shares voting power of and dispositive
power over the 89,700 shares of Common Stock of the Issuer with Wellington
Management Company, its investment adviser. 
 
 
Page 4 of 5 Pages	Cusip #: 	54120910 
 
ITEM 5. CONT'D. 
 
		Wellington Management Company is a Massachusetts general partnership and 
is registered as an investment adviser under the Investment Advisers Act of
1940. The business address is 75 State Street, Boston, MA 02109. 
 
		Wellington Management Company has not, during the last five years, been 
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors), nor during the last five years been a party to a civil proceeding
and as a result was or is subject to a judgment decree, or final order of the
type described in the instructions to Item 2 (e) of Schedule 13D. 
 
		TRANSACTIONS WITHIN PAST 60 DAYS:	In the past 60 days, Bay Pond engaged in
the following shares of the Issuer's Common Stock: 
PURCHASES 
 
			DATE			NO. OF SHARES		PRICE PER SHARE EXCHANGE 
			9/13/96			5,900			14.3750	OTC 
 
SALES 
 
			DATE			NO. OF SHARES		PRICE PER SHARE EXCHANGE 
 
 
			CERTAIN RIGHTS OF OTHER PERSONS:	None 
 
			DATE CEASED TO BE 5% OWNER:	Not Applicable 
 
ITEM 6.	CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER. 
 
			None 
 
ITEM 7.	MATERIALS TO BE FILED. 
 
			None 
 
 
Page 5 of 5 Pages	Cusip #: 	54120910 
 
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. 
 
BAY POND PARTNERS, L.P. 
By its general partner, 
 
WELLINGTON HEDGE MANAGEMENT LIMITED PARTNERSHIP 
By its general partner, 
 
WELLINGTON HEDGE MANAGEMENT, INC. 
 
 
 
By:				----//SARA LOU SHERMAN//-----------				 
	Sara Lou Sherman, Assistant Vice President



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