BANKAMERICA CORP
SC 13G, 1998-09-09
NATIONAL COMMERCIAL BANKS
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                ----------------

                                  240.13d-102
                                  SCHEDULE 13G

           INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
                  (S)240.13D-1(b), (c) AND (d) AND AMENDMENTS
                     THERETO FILED PURSUANT TO (S)240.13D-2

                             (Amendment No.    )*
                                           ----

                     American Bank Note Holographics, Inc.
                  -------------------------------------------
                               (Name of Issuer)

                                 Common Stock
                  -------------------------------------------
                        (Title of Class of Securities)

                                  024377103
                              ------------------
                                (CUSIP Number)

                                August 25, 1998
                  -------------------------------------------
            (Date of Event Which Requires Filing of this Statement)

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

          [X] Rule 13d-1(b)

          [ ] Rule 13d-(c)

          [ ] 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 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).

<PAGE>

================================================================================
                                  SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP NO. 024377103                                                 Page 2 of 11
- --------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      BankAmerica Corporation
- --------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [ ]
                                                                (b) [ ]
- --------------------------------------------------------------------------------
      SEC USE ONLY
 3
- --------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION

 4    Delaware
- --------------------------------------------------------------------------------
     NUMBER OF            SOLE VOTING POWER
                     5
      SHARES              -0-
                   -------------------------------------------------------------
   BENEFICIALLY           SHARED VOTING POWER
                     6
     OWNED BY             1,413,300
                   -------------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7
    REPORTING             -0-
                   -------------------------------------------------------------
      PERSON              SHARED DISPOSITIVE POWER
                     8
       WITH               1,413,300
- --------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 9    1,413,300
- --------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10                                                                          [ ]
- --------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

11    10.4%
- --------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*

12    HC
- --------------------------------------------------------------------------------
                     *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>

================================================================================
                                  SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP NO. 024377103                                                 Page 3 of 11
- --------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      Robertson Stephens Investment Management Co.
- -------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [ ]
                                                                (b) [ ]
- --------------------------------------------------------------------------------
      SEC USE ONLY
 3
- --------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4
      California
- --------------------------------------------------------------------------------
    NUMBER OF            SOLE VOTING POWER
                     5
      SHARES              -0-
                   -------------------------------------------------------------
   BENEFICIALLY           SHARED VOTING POWER
                     6
     OWNED BY             1,413,300
                   -------------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7
    REPORTING             -0-
                   -------------------------------------------------------------
      PERSON              SHARED DISPOSITIVE POWER
                     8
       WITH               1,413,300
- --------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 9    1,413,300
- --------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10                                                                          [ ]
- --------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

11    10.4%
- --------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*

12    HC
- --------------------------------------------------------------------------------
                     *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>

================================================================================
                                  SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP NO. 024377103                                                 Page 4 of 11
- --------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      Robertson, Stephens & Company Investment Management, L.P.
- -------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [ ]
                                                                (b) [ ]
- --------------------------------------------------------------------------------
      SEC USE ONLY
 3
- --------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4
      California
- --------------------------------------------------------------------------------
    NUMBER OF            SOLE VOTING POWER
                     5
      SHARES              -0-
                   -------------------------------------------------------------
   BENEFICIALLY           SHARED VOTING POWER
                     6
     OWNED BY             1,413,300
                   -------------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7
    REPORTING             -0-
                   -------------------------------------------------------------
      PERSON              SHARED DISPOSITIVE POWER
                     8
       WITH               1,413,300
- --------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 9    1,413,300
- --------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10                                                                          [ ]
- --------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

11    10.4%
- --------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*

12    IA
- --------------------------------------------------------------------------------
                     *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>

================================================================================
                                  SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP NO. 024377103                                                 Page 5 of 11
- --------------------------------------------------------------------------------

Item 1  (a)  Name of Issuer:                America Bank Note Holographics, Inc.

        (b)  Address of Issuer's            399 Executive Boulevard
             Principal Executive            Elmsford, NY  10523
                Offices:


Item 2  (a)  Names of Person Filing:        BankAmerica Corporation ("BAC")
                                            Robertson Stephens Investment
                                               Management Co. ("Robertson
                                               Parent")
                                            Robertson, Stephens & Company
                                               Investment Management, L.P.
                                               ("Investment Adviser")
                                            
        (b)  Address of Principal           See Annex I
             Business Offices:                 
 
        (c)  Citizenship:                   See Annex I

        (d)  Title of Class of              Common Stock
             Securities:

        (e)  CUSIP Number:                  024377103


Item 3  If this  statement is filed  pursuant to Rules  13d-1(b) or 13d-2(b) or
        (c), check whether the person filing is a:

        (a) [ ]  Broker or Dealer registered under Section 15 of the Act
                 (15 U.S.C. 78o)

        (b) [ ]  Bank as defined in Section  3(a)(6) of the Act (15 U.S.C. 78c)

        (c) [ ]  Insurance  Company as defined in Section  3(a)(19) of the Act
                 (15 U.S.C. 78c)

        (d) [ ]  Investment Company registered under Section 8 of the Investment
                 Company Act (15 U.S.C. 80a-8)

        (e) [X]  An investment adviser in accordance with (S)240.13d-1(b)
                 (1)(ii)(E)

        (f) [ ]  An employee benefit plan or endowment  fund in accordance with
                 (S)240.13d-1(b)(1)(ii)(F)

        (g) [ ]  A parent holding company or control person in accordance with
                 (S)240.13d-1(b)(ii)(G)

        (h) [ ]  A savings association as defined in Section 3(b) of the Federal
                 Deposit Insurance Act (12 U.S.C. 1813)

        (i) [ ]  A church plan that is excluded from the definition of  an
                 investment company under section 3(c)(14) of the Investment
                 Company Act of 1940 (15 U.S.C. 80a-3)

        (j)  [ ] Group, in accordance with (S)240.13d-1(b)(1)(ii)(J)


   If this statement is filed pursuant to (S)240.13d-1c), check this box. [ ]

<PAGE>

================================================================================
                                  SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP NO. 024377103                                                 Page 6 of 11
- --------------------------------------------------------------------------------

Item 4  Ownership*

        (a) Amount Beneficially Owned:

               BAC                                             1,413,300
               Robertson Parent                                1,413,300
               Investment Adviser                              1,413,300

        (b) Percent of Class:
                BAC                                            10.4%
                Robertson Parent                               10.4%
                Investment Adviser                             10.4%

        (c) Number of shares as to which the person has:

                (i)   sole power to vote or to direct the vote:  

                         BAC                                   0
                         Robertson Parent                      0
                         Investment Adviser                    0

                (ii)  shared  power  to  vote or to  direct  the
                      vote:

                         BAC                                   1,413,300
                         Robertson Parent                      1,413,300
                         Investment Adviser                    1,413,300

                (iii) sole power to dispose or to direct the
                      disposition of:

                          BAC                                  0
                          Robertson Parent                     0
                          Investment Adviser                   0

                 (iv) shared  power to  dispose or to direct the
                      disposition of:

                          BAC                                  1,413,300
                          Robertson Parent                     1,413,300
                          Investment Adviser                   1,413,300
 
__________________
 * By virtue of the corporate relationships between Reporting Persons as
described in Item 7, BAC (the parent company) may be deemed to possess indirect
beneficial ownership of shares beneficially owned directly by its subsidiaries.
Similarly, higher tier BAC subsidiaries may be deemed to possess indirect
beneficial ownership of shares beneficially owned directly by lower tier BAC
subsidiaries. The power to vote and to dispose of shares may be deemed to be
shared between entities due to their corporate relationships. The shares
reported on are held by various funds and investment advisory clients of Invest-
ment Advisor.

<PAGE>

================================================================================
                                  SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP NO. 024377103                                                 Page 7 of 11
- --------------------------------------------------------------------------------

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 [ ].

Item 6  Ownership of More than Five Percent on Behalf of Another Person.

        Not Applicable.


Item 7  Identification and Classification of the Subsidiaries Which
        Acquired the Security Being Reported on by the Parent Holding
        Company.

        See Annex I.


Item 8  Identification and Classification of Members of the Group.

        Not Applicable.

Item 9  Notice of Dissolution of Group.

        Not Applicable.

Item 10 Certification.

[X]     By signing  below I certify  that, to the best of my knowledge
        and belief, the securities referred to above were acquired and
        are  held in the  ordinary  course  of  business  and were not
        acquired  and are not  held  for the  purpose  of or with  the
        effect of changing or influencing the control of the issuer of
        the  securities  and  were  not  acquired  and are not held in
        connection with or as a participant in any transaction  having
        that purpose or effect. (13d-1(b)).

[ ]     By signing  below I certify  that, to the best of my knowledge
        and belief, the securities referred to above were not acquired
        and are  not held for the  purpose  of or with  the effect of
        changing or influencing the control of the issuer of the
        securities  and  were  not  acquired  and are not held in
        connection with or as a participant in any transaction  having
        that purpose or effect. (13d-1(c)).

<PAGE>

================================================================================
                                  SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP NO. 024377103                                                 Page 8 of 11
- --------------------------------------------------------------------------------

SIGNATURE
- ----------

     After  reasonable  inquiry and to the best of my knowledge and belief,  the
undersigned  certify that the  information  set forth in this statement is true,
complete and correct.

Dated:  September 9, 1998



                     BANKAMERICA CORPORATION*

                     ROBERTSON STEPHENS INVESTMENT MANAGEMENT CO.*

                     ROBERTSON, STEPHENS & COMPANY INVESTMENT MANAGEMENT, L.P. *




                     *By: /s/ VENRICE R. PALMER
                     --------------------------
                      Venrice R. Palmer
                      Senior Counsel of
                      Bank of America National Trust and Savings Association
                      and Authorized Attorney-in-Fact (signing resolutions and
                      powers of attorney are  incorporated  by reference  to
                      Schedule 13G Amendment #2 relating to Anaren Mircrowave,
                      Inc.)

<PAGE>

================================================================================
                                  SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP NO. 024377103                                                 Page 9 of 11
- --------------------------------------------------------------------------------

                                   EXHIBIT A
                                   ---------

                             JOINT FILING AGREEMENT
                             ----------------------


     The  undersigned  hereby agree that they are filing this statement  jointly
pursuant to Rule 13d-1(f)(1).  Each of them is responsible for the timely filing
of such Schedule 13G and any amendments  thereto,  and for the  completeness and
accuracy of the information  concerning such person contained therein;  but none
of them is  responsible  for the  completeness  or accuracy  of the  information
concerning the other persons making the filing,  unless such person knows or has
reason to believe that such information is inaccurate.

Date:  September 9, 1998

       BANKAMERICA CORPORATION*

       ROBERTSON STEPHENS INVESTMENT MANAGEMENT CO.*

       ROBERTSON, STEPHENS & COMPANY INVESTMENT MANAGEMENT, L.P.*



*By:   /s/ VENRICE R. PALMER
       ---------------------
       Venrice R. Palmer 
       Senior Counsel of
       Bank of America  National  Trust and Savings  Association  and Authorized
       Attorney-in-Fact   (signing   resolutions  and  powers  of  attorney  are
       incorporated by reference to Schedule 13G Amendment #2 relating to Anaren
       Mircrowave, Inc.)

<PAGE>

================================================================================
                                  SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP NO. 024377103                                                Page 10 of 11
- --------------------------------------------------------------------------------

                                    ANNEX I


     This Annex identifies certain entities which may be filing parties of the 
attached Schedule or which may be referred to in the filing.

Registered Investment Companies
- -------------------------------

     Each of the following entities is a series of Robertson Stephens Investment
Trust, a Massachusetts business trust. The investment adviser for each of such
entities is Robertson, Stephens & Company Investment Management, L.P. Each is an
investment company registered under the Investment Company Act of 1940, with
principal office and principal place of business at 555 California Street, Suite
2600, San Francisco, CA 94104:

     The Contrarian Fund ("Contrarian")
     The Robertson Stephens Developing Countries Fund ("Developing Countries")
     The Robertson Stephens Diversified Growth Fund ("Diversified Growth")
     The Robertson Stephens Emerging Growth Fund ("Emerging Growth")
     The Robertson Stephens Growth & Income Fund ("Growth & Income")
     The Information Age Fund (TM) ("Information Age")
     The Robertson Stephens Global Natural Resources Fund ("Natural "Resources")
     The Robertson Stephens Global Value Fund ("Global Value")
     The Robertson Stephens MicroCap Growth Fund ('Micro-Cap Growth")
     The Robertson Stephens Partners Fund ("Partners")
     The Robertson Stephens Value + Growth Fund ("Value + Growth")

Other Entities
- --------------

     The principal office and principal place of business of the following
entities is 555 California Street, Suite 2600, San Francisco, CA  94104:


   I.  (a) BankAmerica Corporation ("BAC") Bank is a Delaware corporation.  It
           wholly owns Robertson Parent.

       (b) registered bank holding company

  II.  (a) Bank of America National Trust and Savings Association ("BANTSA")
           is a national banking association organized under the laws of the
           United States.

       (b) national bank

 III.  (a) Bayview Holdings, Inc. ("Bayview Holdings") is a Delaware corpora-
           tion. Bayview Holdings is a wholly owned subsidiary of Robertson
           Parent. It is managing member of Private Equity Group.

       (b) holding company  

  IV.  (a) Bayview Investors, Ltd. ("Bayview") is a California limited partner-
           ship.

       (b) investments in securities

   V.  (a) The Robertson Stephens Orphan Fund, L.P. ("Orphan") is a California
           limited partnership. Investment Adviser is the general partner.

       (b) investments in securities

  VI.  (a) The Robertson Stephens Orphan Offshore Fund, L.P. ("Orphan Offshore")
           is a Cayman Islands limited partnership. Investment Adviser is the
           investment adviser.

       (b) investment in securities

 VII.  (a) Robertson Stephens Investment Management Co. ("Robertson Parent") is
           a Delaware corporation. It is wholly owned by Bank. It owns Bayview
           Holdings.

       (b) holding company

<PAGE>

================================================================================
                                  SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP NO. 024377103                                                Page 11 of 11
- --------------------------------------------------------------------------------

VIII.  (a) Robertson, Stephens & Company Investment Management, L.P.
           ("Investment Adviser") is a California limited partnership. It is
           investment adviser to the Registered Investment Companies and Orphan
           Offshore and General partner of Orphan and Emerging Growth Partners.

       (b) registered investment advisor

  IX.  (a) Robertson, Stephens & Company Private Equity Group, L.L.C. ("Private
           Equity Group") is a Delaware limited liability company. It is general
           partner of Bayview and Bayview VI.  Bayview Holdings is managing
           member of Private Equity Group.

       (b) holding company

   X.  (a) Bayview Investors, Ltd. ("Bayview") is a California limited partner-
           ship.

       (b) investments in securities

  XI.  (a) Bayview Investors VI, L.P. ("Bayview VI") is a California limited
           partnership. It is general partner of Emerging Growth Partners, L.P.
           ("Emerging Growth Partners"). Private Equity Group is its general
           partner.

       (b) investments in securities

 XII.  (a) Robertson Stephens Emerging Growth Partners, L.P. is a California
           limited partnership. Bayview VI and Investment Adviser are its
           general partners.

       (b) investments in securities



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