BANKERS TRUST COMPANY
One Bankers Trust Plaza
New York, New York 10006
Clarke S. Edgar Mailing Address:
Vice President P.O. Box 318
Telephone: 212-250-9399 Church Street Station
New York, NY 10008
February 17, 1995
Securities and Exchange Commission
SEC Document Control
450 Fifth Street, N.W.
Washington, DC 20549
Attn: Filing Desk
Dear Sirs:
Re: Filing of Schedule 13G on
Textron Inc.
Pursuant to Rule 13d-1 of the General Rules and Regulations under
the Securities Exchange Act of 1934, the following is one copy of
the Schedule 13G with respect to the common stock of the above
referenced corporation.
Please acknowledge your receipt of the Schedule 13G filing
submission through the EDGAR-Link System software, by E-Mail
confirmation.
Sincerely,
/s/Clarke S. Edgar
Enclosures
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 7 )*
____
Textron Inc.
_______________________________________
NAME OF ISSUER:
Common Stock (Par Value $0.1225)
_______________________________________
TITLE OF CLASS OF SECURITIES
883203101
_______________________________________
CUSIP NUMBER
Check the following box if a fee is being paid with
this statement [ ]. (A fee is not required only if
the filing person: (1) has a previous statement on
file reporting beneficial ownership of more than five
percent of the class of securities described in Item
1; and (2) has filed no amendment subsequent thereto
reporting beneficial ownership of five percent or less
of such class.) (See Rule 13d-7.)
*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).
(Continued on following page(s))
Page 1 of 6 Pages
<PAGE>
CUSIP No. 883203101 Page 2 of 6 Pages
1.NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bankers Trust New York Corporation and its wholly-owned
subsidiary, Bankers Trust Company, as Trustee for various
trusts, and employee benefit plans, and investment advisor,
and its indirect wholly-owned subsidiary, Bankers Trust
International PLC 13-6180473
2.CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(A) [ ]
(B) [X]
3.SEC USE ONLY
4.CITIZENSHIP OR PLACE OF ORGANIZATION
Both Bankers Trust New York Corporation and Bankers Trust
Company are New York Corporations; Bankers Trust International
PLC is a London corporation
NUMBER OF 5. SOLE VOTING POWER
SHARES 769,453
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 6,500
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 1,362,724
PERSON 8. SHARED DISPOSITIVE POWER
WITH 6,500
9.AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,369,224
10.CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(9) EXCLUDES CERTAIN
SHARES *
X
11.PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.6%
12.TYPE OF REPORTING PERSON *
Bankers Trust New York Corporation - HC
Bankers Trust Company - BK; Bankers Trust International
PLC - CO
<PAGE>
3
DISCLAIMER OF BENEFICIAL OWNERSHIP
THE FILING OF THIS SCHEDULE G STATEMENT SHALL NOT BE
CONSTRUED AS AN ADMISSION THAT BANKERS TRUST NEW YORK
CORPORATION OR BANKERS TRUST COMPANY, AS TRUSTEE (THE
"BANK") OR BANKERS TRUST INTERNATIONAL PLC ("BTI") IS, FOR
THE PURPOSE OF SECTION 13(g) OF THE SECURITIES AND EXCHANGE
ACT OF 1934, OR FOR ANY OTHER PURPOSE, THE BENEFICIAL OWNER
OF THE SECURITIES SET FORTH IN ITEM 4(a)(i) HEREOF.
Item 1(a) NAME OF ISSUER:
Textron Inc.
Item 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
40 Westminster Street
Providence, Rhode Island 02903
Item 2(a) NAME OF PERSON FILING:
Bankers Trust New York Corporation, and its wholly-
owned subsidiary, Bankers Trust Company, as Trustee
for various trusts, and employee benefit plans, and
investment advisor, and its indirect wholly-owned
subsidiary, Bankers Trust International PLC.
Item 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
280 Park Avenue
New York, New York 10017
Item 2(c) CITIZENSHIP:
Bankers Trust New York Corporation and Bankers Trust
Company, as Trustee for various trusts, and employee
benefit plans, and investment advisor, are both
corporations incorporated in the State of New York
with their principal business offices located in New
York; Bankers Trust International PLC is incorporated
in England with its principal business office located
in London.
Item 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock (Par Value $0.1225) of Textron Inc., a
Delaware corporation.
Item 2(e) CUSIP NUMBER:
883203101
<PAGE>
4
Item 3 THE PERSON FILING IS A:
For Bankers Trust New York Corporation,
(g) [X] Parent Holding Company, in accordance with
Section 240.13d-1(b)(ii)(G)
For Bankers Trust Company, and Bankers Trust
International PLC
(b) [X] Bank as defined in section 3(a)(6) of the Act.
Item 4 OWNERSHIP:
(a) Amount Beneficially Owned:
(i) As of December 31, 1994, Bankers Trust Company,
as Trustee for various trusts, and employee benefit
plans, and investment advisor (the "Bank"), was the
beneficial owner of 1,368,124 shares of common stock.
Bankers Trust International PLC ("BTI"), was also the
beneficial owner of 1,100 shares of common stock.
(ii) It was also the record owner of 15,345,267
shares held by the Bank as Trustee of the Textron
Savings Plan and the Paul Revere Savings Plan (the
"Plan") with respect to which the bank disclaims
beneficial ownership.
The Plan states that each Plan participant shall
have the right to direct the manner in which shares of
common stock shall be voted at all stockholders'
meetings. The Department of Labor has expressed the
view that, under certain circumstances, ERISA may
require the Trustee to vote shares which are not
allocated to participants' accounts and unvoted
shares. Since, in the view of the Bank, BTI and
Bankers Trust New York Corporation, such voting power
is merely a residual power based upon the occurrence
of an unlikely contingency and is not a sole or shared
power to vote the securities, the Bank, BTI and
Bankers Trust New York Corporation hereby disclaim
beneficial ownership of such securities.
<PAGE>
5
(b) PERCENT OF CLASS:
The common stock described in Item 4(a) above as to
which the Bank and BTI acknowledges beneficial
ownership constitutes 1.6% of the Issuer's outstanding
Common Stock. The Common Stock as to which the Bank
and BTI disclaims beneficial ownership constitutes
17.4% of the Issuer's outstanding Common Stock.
(c) Number of shares as to which the Bank has:
(i) sole power to vote or to direct the
vote - 769,453
(ii) shared power to vote or to direct the
vote - 6,500
(iii) sole power to dispose or to direct the
disposition of - 1,362,724
(iv) shared power to dispose or to direct
the disposition of - 6,500
Item 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
[X]
Item 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON:
The Issuer's Investment Plans, and various trusts, and
employee benefit plan for which the Bank serves as
Trustee, and accounts for which the Bank serves as
investment advisor and BTI, have the right to receive
and/or the power to direct the receipt of dividends
from, or the proceeds from the sale of, such
securities.
Item 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY
WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE
PARENT HOLDING COMPANY:
See Item 3 above.
Item 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE
GROUP:
Not applicable.
<PAGE>
6
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.
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: as of December 31, 1994
Signature: Bankers Trust New York Corporation
By: /s/James T. Byrne, Jr.
Name: James T. Byrne, Jr.
Title: Secretary
Signature: Bankers Trust Company, as Trustee for various trusts,
and employee benefit plans, and investment advisor.
By: /s/James T. Byrne, Jr.
Name: James T. Byrne, Jr.
Title: Secretary
Signature: Bankers Trust International, PLC
/s/Brian E. Walsh
By: Brian E. Walsh
Title: Managing Director
