FORM 3
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
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1. Name and Address of Reporting Person:
DELTEC INTERNATIONAL S.A.
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(Last) (First) (Middle)
DELTEC HOUSE, LYFORD CAY
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(Street)
NASSAU, BAHAMAS
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year):
12/16/97
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3. IRS or Social Security Number of Reporting Person (Voluntary):
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4. Issuer Name and Ticker or Trading Symbol:
HIGHLAND BANCORP, INC. (HBNK)
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5. Relationship of Reporting Person to Issuer (Check all applicable):
Director X 10% Owner
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Officer (give title below) Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year):
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TABLE I-- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
<TABLE>
<S> <C> <C> <C>
1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect
(Instr. 4) Beneficially Owned Form: Direct Beneficial Ownership
(Instr. 4) (D) or Indirect (Instr. 5)
(I) (Instr. 5)
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Common Stock 579,609 1/4 I Through Subsidiary
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
<PAGE>
FORM 3 (CONTINUED)
<TABLE>
<CAPTION>
TABLE II-- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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<S> <C> <C> <C> <C> <C>
1. Title of Derivative Security 2. Date Exercisable and 3. Title and Amount of 4. Conversion 5. Ownership 6. Nature of
(Instr. 4) Expiration Date Securities Underlying or Exercise Form of Indirect
(Month/Day/Year) Derivative Security Price of Derivative Beneficial
----------------------- (Instr. 4) Derivative Security: Ownership
Date Expiration --------------------- Security Direct (Instr. 5)
Exercisable Date Title Amount or (D) or
Number of Indirect (I)
Shares (Instr. 5)
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</TABLE>
Explanation of Responses:
DELTEC INTERNATIONAL S.A.
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
<TABLE>
<S> <C> <C>
By December 16, 1997
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**Signature of Reporting Person Date
Andre J. Feldman
Vice President
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Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, See Instruction 6 for procedure.
