<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
------------------
SCHEDULE 13D
(RULE 13d-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
PLAY BY PLAY TOYS & NOVELTIES, INC.
- -------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
- -------------------------------------------------------------------------------
(Title of Class of Securities)
72811K103
- -------------------------------------------------------------------------------
(CUSIP Number)
JAMES J. HENSON, GENERAL COUNSEL
Banc One Capital Corporation
150 East Gay Street
Columbus, Ohio 43215
(614) 217-1249
- -------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 3, 1997
- -------------------------------------------------------------------------------
(Date of Event Which Requires Filing of This Statement)
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
/ /.
Note. Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for other
parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 4 Pages)
<PAGE> 2
CUSIP NO. 72811K103 13D PAGE 1 OF 4 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Banc One Capital Partners II, Ltd. 31-1443454
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 0
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 0
OWNED BY ------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 588,235
REPORTING ------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER 0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
588,235
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.206%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(Page 2 of 4 Pages)
<PAGE> 3
SECURITIES AND EXCHANGE COMMISSION
SCHEDULE 13D
Item 1. Security and Issuer.
--------------------
$10,000,000 8.0% Convertible Debenture from Play By Play Toys &
Novelties, Inc. to Banc One Capital Partners II, Ltd., dated July 3,
1997.
Play By Play Toys & Novelties, Inc. Company
4400 Tejasco
San Antonio, Texas 78218-0267
Item 2. Identity and Background.
------------------------
Banc One Capital Partners II, Ltd. Filer
150 East Gay Street
Columbus, Ohio 43215
Item 3. Source and Amount of Funds or Other Consideration.
--------------------------------------------------
The Filer's source of funds for this transaction came exclusively from
the Filer's investment capital. No borrowed funds were used in the
transaction. The securities were acquired directly from the Company in
a private placement.
Item 4. Purpose of Transaction.
-----------------------
The purpose of this convertible loan is an investment in accordance
with the purposes and investment objectives of the Filer.
Item 5. Interest in Securities of the Issuer.
-------------------------------------
On July 3, 1997, the Company, Filer and other lenders entered into a
Convertible Loan Agreement pursuant to which the Company issued to
Filer a $10,000,000 Convertible Debenture with an 8.0% interest rate.
The Debenture matures on June 30, 2004. The Debenture is convertible at
any time at the option of the holder at $17.00 per share, subject to
adjustment, including a one-time adjustment to conversion price.
The Debenture is subject to redemption in certain events by the Filer
and at the option of the Company. The Filer granted an irrevocable
proxy to Arturo Torres, the Chairman of the Board of the Company (or
any other person designated by the Board of Directors) to vote the
shares of Common Stock issuable to Filer upon conversion of the
Debenture. The Filer does not have the right to dispose of the Common
Stock underlying the Debenture, unless it converts the Debenture. The
Filer has not effected any transactions in the securities of the
Company prior to the purchase of the Debenture.
Item 6. Contracts, Arrangements, or Understandings with Respect to Securities
---------------------------------------------------------------------
of the Issuer.
--------------
The Company, the Filer and other lenders entered into a Convertible
Loan Agreement on July 3, 1997. This agreement contains typical default
and other provisions.
Item 7. Persons Retained, Employed or to be Compensated.
------------------------------------------------
Not applicable.
(Page 3 of 4 Pages)
<PAGE> 4
Item 8. Material to be Filed as Exhibits.
---------------------------------
Not applicable.
I certify to the best of my knowledge and belief the information set forth in
this statement is true, complete and correct.
DATE: July 9, 1997
BANC ONE CAPITAL PARTNERS II, LTD.
By: BOCP Holdings Corporation, Manager
By: /s/ Earle J. Bensing
---------------------
Earle J. Bensing
Authorized Signer
(Page 4 of 4 Pages)
