UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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SCHEDULE 13G
Under The Securities Exchange Act Of 1934
(Amendment No. 1)
Crown Vantage, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
228 622 106
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(CUSIP Number)
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Check the following box if a fee is being paid with this statement |_|.
Page 1 of 7 Pages
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Schedule 13G
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CUSIP NO. 228 622 106 13G Page 2 of 7 Pages
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1. NAME OF REPORTING PERSONS
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Crown Vantage, Inc. Employee Stock Ownership Plan Trust
I.R.S. Identification No. 13-7067357
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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NUMBER OF 5. SOLE VOTING POWER -0-
SHARES ---------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 1,021,070
OWNED BY EACH ---------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER -0-
PERSON WITH ---------------------------------------------------------------
8. SHARED DISPOSITIVE POWER 1,021,070
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
1,021,070
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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
11.2%
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12. TYPE OF REPORTING PERSON
EP
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Schedule 13G
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This Schedule 13G was originally filed on February 4, 1997 identifying Crown
Vantage, Inc. as the filer. The appropriate filer is The Bank of New York, as
Trustee for the Crown Vantage, Inc. Employee Stock Ownership Plan Trust. This
filing corrects the filer's identity. It is identical in all other respects.
Item 1.
(a) Name Of Issuer:
Crown Vantage, Inc.
(b) Address of Issuer's Principal Executive Offices:
300 Lakeside Drive
Oakland, CA 94612
Item 2.
(a) Name of Person Filing:
The Bank of New York, as Trustee for
Crown Vantage, Inc. Employee Stock Ownership Plan Trust
(b) Address of Principal Business Office:
The Bank of New York
Master Trust/Master Custody Division
One Wall Street
New York, NY 10286
(c) Citizenship:
New York
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number
228 622 106
Page 3 of 7 Pages
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Schedule 13G
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Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) --- Broker or Dealer registered under Section 15 of 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) -X- Employee Benefits 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)(ii)(F)
(g) --- Parent Holding Company, in accordance with ss.240.13d-1(b)(ii)(G)
(Note: See Item 7)
(h) --- Group, in accordance with ss.240.13d-1(b)(ii)(H)
Item 4. Ownership
As of December 31, 1995:
(a) Amount Beneficially Owned
1,021,070
(b) Percent of Class
11.2%
Page 4 of 7 Pages
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Schedule 13G
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
-0-
(ii) shared power to vote or to direct the vote
1,021,070
(iii) sole power to dispose or to direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition of
1,021,070
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
The Bank of New York, as Trustee, holds the stock of Crown Vantage,
Inc. (the "Company") for the exclusive benefit of participants and
beneficiaries in the Crown Vantage, Inc. Employee Stock Ownership Plan
(the "Plan") pursuant to the terms of the Plan and the trust agreement
between the Company and the Trustee with respect to the Plan, dated as
of August 1, 1995.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company
Not applicable
Page 5 of 7 Pages
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Schedule 13G
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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 purposes or effect.
Page 6 of 7 Pages
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Schedule 13G
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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: January 31, 1997
/s/ Anthony Passanesi
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(Signature)
Anthony Passanesi
Vice President
The Bank of New York
One Wall Street
New York, New York 10286
Page 7 of 7 Pages
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EXHIBIT INDEX
Exhibit I Statement of The Bank of New York
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EXHIBIT I
The filing of this Schedule 13G shall not be construed as an admission that
The Bank of New York or any of its subsidiaries is, for the purposes of Section
13(d) or 13(g) of the Securities Exchange Act of 1934, the beneficial owner of
the securities covered by this Schedule 13G.
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