CENTRAL PARKING CORP
SC 13G/A, 1999-02-16
AUTOMOTIVE REPAIR, SERVICES & PARKING
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                 SCHEDULE 13G/A

                    Under the Securities Exchange Act of 1934
                               (Amendment No. 3)*

                           CENTRAL PARKING CORPORATION
                                (Name of Issuer)

                     Common Stock, Par Value $.01 Per Share
                         (Title of Class of Securities)

                                   154785 10 9
                                 (CUSIP Number)

                                December 31, 1998
           (Date of Event Which Requires the Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

               [ ]     Rule 13d-1(b)

               [ ]     Rule 13d-1(c)

               [X]     Rule 13d-1(d)

* 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 on 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, as amended ("Act"), or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act.

                                    

                         (Continued on following pages)




                                Page 1 of 5 Pages



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CUSIP NO. 154785 10 9            SCHEDULE 13G/A
                             (cover page continued)

1.    NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

The Monroe Carell, Jr. 1994 Grantor Retained Annuity Trust 62-6286394

2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *

                                                                    (A) [ ]
                                                                    (B) [ ]

3.    SEC USE ONLY

4.    CITIZENSHIP OR PLACE OF ORGANIZATION

      Tennessee

NUMBER OF SHARES      5.    SOLE VOTING POWER

                            1,676,594

BENEFICIALLY          6.    SHARED VOTING POWER

                            None

OWNED BY EACH         7.    SOLE DISPOSITIVE POWER

                            1,676,594

REPORTING PERSON      8.    SHARED DISPOSITIVE POWER

                            None

9.    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

      1,676,594

10.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*[ ]

11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

      5.66%

12.   TYPE OF REPORTING PERSON

      OO



                                Page 2 of 5 Pages

 


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                                 SCHEDULE 13G/A

ITEM 1(A).       NAME OF ISSUER:  CENTRAL PARKING CORPORATION

ITEM 1(B).       ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:   2401 21st
     Avenue South, Suite 200, Nashville, Tennessee 37212

ITEM 2(A).       NAME OF PERSON FILING:

                 The Monroe Carell, Jr. 1994 Grantor Retained Annuity Trust

ITEM 2(B).       ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

     2401 21st Avenue South, Suite 200, Nashville, Tennessee 37212

ITEM 2(C).       CITIZENSHIP:  Tennessee

ITEM 2(D).       TITLE OF CLASS OF SECUIRITIES:

                 Common Stock, Par Value $.01 per share

ITEM 2(E).       CUSIP NUMBER:  154785 10 9

ITEM 3.     IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B) OR 13D-2(B),
            CHECK WHETHER THE PERSON FILING IS:

            (A) [ ] BROKER OR DEALER REGISTERED UNDER THE ACT

            (B) [ ] BANK AS DEFINED IN SECTION 3(A)(6) OF THE ACT

            (C) [ ] INSURANCE COMPANY AS DEFINED IN SECTION 3(A)(19) OF THE ACT

            (D) [ ] INVESTMENT COMPANY REGISTERED UNDER SECTION 8 OF THE
                    INVESTMENT COMPANY ACT

            (E) [ ] INVESTMENT ADVISER REGISTERED UNDER SECTION 203 OF THE
                    INVESTMENT ADVISERS ACT OF 1940

            (F) [ ] EMPLOYEE BENEFIT PLAN, PENSION FUND WHICH IS SUBJECT TO THE
                    PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
                    1974 OR ENDOWMENT FUND; SEE SS.240.13D-1(B)(1)(II)(F)

            (G) [ ] PARENT HOLDING COMPANY, IN ACCORDANCE WITH
                    SS.240.13D-1(B)(II)(G); SEE ITEM 7

            (H) [ ] GROUP, IN ACCORDANCE WITH SS.240.13D-1(B)(1)(II)(H)

ITEM 4.     OWNERSHIP:

            (A) AMOUNT BENEFICIALLY OWNED:  1,676,594

            (B) PERCENT OF CLASS:  5.66%




                                Page 3 of 5 Pages




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                                 SCHEDULE 13G/A

         (C)  NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:

              (I)   SOLE POWER TO VOTE OR TO DIRECT THE VOTE:

                    1,676,594

              (II)  SHARED POWER TO VOTE OR TO DIRECT THE VOTE:

                    None

              (III) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF:

                    1,676,594

              (IV)  SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF:

                    None

ITEM 5.       OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

              IF THIS STATEMENT IS BEING FILED TO REPORT THE FACT THAT AS OF
              THE DATE HEREOF THE REPORTING PERSON HAS CEASED TO BE THE
              BENEFICIAL OWNER OF MORE THAN FIVE PERCENT OF THE CLASS OF
              SECURITIES, CHECK THE FOLLOWING [ ].

              Not Applicable

ITEM 6.       OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

              Not Applicable

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.

              

                                Page 4 of 5 Pages




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                                 SCHEDULE 13G/A

                                    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.


                                         The Monroe Carell, Jr. 1994 Grantor
                                         Retained Annuity Trust

                                         By: /S/Monroe J. Carell, Jr., Trustee
                                            ------------------------------------
                                             Monroe J. Carell, Jr., Trustee

Date:  February 15, 1999







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