SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Amendment No. 19
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) AND (c) AND
AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(b)
Stone & Webster, Incorporated
(Name of Issuer)
Common Stock
(Title of Class of Securities)
86157210
(CUSIP Number)
* 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).
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CUSIP No. 86157210 13G Page 2 of 5 pages
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1. Name of reporting person,
I.R.S. Identification No. of above person (entities only)
Committee under the Employee Investment Plan of Stone
& Webster, Incorporated and Participating Subsidiaries.
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2. Check the appropriate box if a member of a group*
(a) ( )
(b) ( )
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3. SEC use only
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4. Citizenship or place of organization
Massachusetts
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5. Sole Voting Power
Number of None (no change)
shares ----------------------------------
beneficially 6. Shared Voting Power
owned by 1,485,291
each ----------------------------------
reporting 7. Sole Dispositive Power
person None (no change)
with ----------------------------------
8. Shared Dispositive Power
1,485,291
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9. Aggregate amount beneficially owned by each reporting
person
1,485,291 (See Note A of attached Schedule 13G)
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10. Check box if the aggregate amount in row (9)
excludes certain shares* ( )
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11. Percent of class represented by amount in row 9
Approximately 11.6%
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12. Type of reporting person*
OO
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CUSIP No. 86157210 13G Page 3 of 5 pages
SCHEDULE 13G
Item 1(a). Name of Issuer:
Stone & Webster, Incorporated
Item 1(b). Address of Issuer's Principal Executive Offices:
245 Summer Street , Boston, Massachusetts 02210
Item 2(a). Name of Person Filing:
Committee under the Employee Investment Plan
of Stone & Webster, Incorporated and Participating
Subsidiaries
Item 2(b). Address or Principal Business Office or, if None,
Residence:
245 Summer Street, Boston, Massachusetts 02110
Item 2(c). Citizenship:
Not applicable
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
86157210
Item 3. This statement is filed pursuant to Rule 13d-1(b) or
13d-2(b) and the person filing, the Committee under the Employee
Investment Plan of Stone & Webster, Incorporated and Participating
Subsidiaries, is the Committee which administers an Employee
Benefit Plan.
Item 4. Ownership
(a) Amount Beneficially Owned: 1,485,291 at December 31, 1997 (See Note A)
(b) Percent of Class: 11.6%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: None
(ii) shared power to vote or to direct the vote:
1,485,291
(iii) sole power to dispose or to direct the disposition of:
None
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CUSIP No. 86157210 13G Page 4 of 5 pages
(iv) shared power to dispose or to direct the disposition of:
1,485,291
Note A: The filing of this statement shall not be construed as
an admission that the undersigned is, for the purposes
of Sections 13(d) or 13(g) of the Securities
Exchange Act of 1934, the beneficial owner of the
securities covered by this statement.
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.
Participants in the Employee Investment Plan of Stone &
Webster, Incorporated and Participating Subsidiaries, and the trustee
under the Plan, have the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of, the
common stock of Stone & Webster Incorporated.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
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 acquired
in the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having such
purpose or effect.
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CUSIP No. 86157210 13G Page 5 of 5 pages
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.
Date: February 13, 1998
Committee under the Employee Investment Plan
of Stone & Webster, Incorporated and
Participating Subsidiaries
By: /s/ PETER F. DURNING
Peter F. Durning
Secretary
