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U.S. SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
WASHINGTON, DC 20549 -----------------------------
- ---------- OMB Number: 3235-0104
FORM 3 Expires: September 30, 1998
- ---------- INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Estimated average burden
hours per response..... 0.5
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
____________________________________________________________________________________________________________________________________
1. Name and Address of Reporting Person* 2. Date of Event Requiring 4. Issuer Name and Ticker or Trading Symbol
Thomas H. Lee Equity Fund III, L.P. Statement FREDOM SECURITIES CORPORATION (FSI)
(Month/Day/Year)
4/1/98 ___________________________________________________________
________________________________________ 5. Relationship of Reporting 6. If Amendment, Date
(Last) (First) (Middle) Person to Issuer of Original
____________________________ (Check all applicable) (Month/Day/Year)
3. IRS or Social Security
Number of Reporting Director X 10% Owner _______________________
75 State Street Person, ----- ----- 7. Individual or Joint/
________________________________________ (Voluntary) Officer Other Group Filing (Check
(Street) ----- (give ----- (specify applicable line)
title below) X Form filed by
below) ----- One Reporting
Person
----- Form filed by
More than One
Boston, MA 02109 Reporting Person
____________________________________________________________________________________________________________________________________
(City) (State) (Zip) TABLE 1 -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. TITLE OF SECURITY 2. AMOUNT OF SECURITIES 3. OWNERSHIP FORM: 4. NATURE OF INDIRECT
(INSTR. 4) BENEFICIALLY OWNED DIRECT (D) OR BENEFICIAL
(INSTR. 4) INDIRECT (I) OWNERSHIP (INSTR. 5)
(INSTR. 5)
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COMMON STOCK 4,305,212 D
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the Form is filed by more than one Reporting Person, see Instruction 5(b)(v).
(Over)
SEC 1473(7-96)
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FORM 3 (CONTINUED) TABLE II
DERIVATIVE SECURITIES BENEFICIALLY OWNED(E.G., PUTS,
CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
____________________________________________________________________________________________________________________________________
1. TITLE OF DERIVATIVE 2. DATE EXERCI- 3. TITLE AND AMOUNT OF 4. CONVER- 5. OWNERSHIP 6. NATURE OF INDIRECT
SECURITY (INSTR. 4) SABLE AND SECURITIES UNDERLYING SION OR FORM OF BENEFICIAL OWNERSHIP
EXPIRATION DATE DERIVATIVE SECURITY EXERCISE DERIVATIVE (INSTR. 5)
(MONTH/DAY/YEAR) (INSTR. 4) PRICE OF SECURITY:
DERIVATIVE DIRECT
SECURITY (D) OR
_________________________________________________ INDIRECT (I)
DATE EXPIRA- AMOUNT OR (INSTR.5)
EXERCI- TION TITLE NUMBER
SABLE DATE OF SHARES
____________________________________________________________________________________________________________________________________
NONE
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Explanation of Responses:
Wendy D. Masler, Vice President
of THL Equity Trust III, General
Partner of THL Equity Advisors
III, L.P., General Partner of
/s/ the Reporting Person 4-1-98
**Intentional misstatements or omissions of facts constitute Federal Criminal ____________________________________ ____________
Violations. **Signature of Reporting Person Date
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note. File three copies of this form, one of which must be manually signed.
If space provided is insufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB Number.
287783-1
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SEC 1473(7-96)
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