BANKERS TRUST COMPANY
One Bankers Trust Plaza
New York, New York 10006
Damian P. Reitemeyer Mailing Address:
Vice President P.O. Box 318
Telephone: 212-250-4599 Church Street Station
New York, NY 10008
March 6, 1996
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
Teledyne 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,
Damian P. Reitemeyer
Enclosure
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Teledyne, Inc.
__________________________________
NAME OF ISSUER:
Common Stock, $1.00 par value
_____________________________________
_ TITLE OF CLASS OF SECURITIES
87933510
_____________________________________
__ 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 persons 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))
CUSIP No. 87933510 Page 1 of 6 Pages
1.NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bankers Trust New York Corporation, its wholly owned
subsidiaries, Bankers Trust Company (as Trustee for
various trusts and employee benefit plans, and investment
advisor), and BT Variable Inc. 13-6180473.
2.CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(A) [ ]
(B) [ ]
3.SEC USE ONLY
4.CITIZENSHIP OR PLACE OF ORGANIZATION
Bankers Trust New York Corporation, Bankers Trust
Company, and BT Variable are New York corporations.
NUMBER OF 5. SOLE VOTING POWER
SHARES
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 8. SHARED DISPOSITIVE POWER
WITH
9.AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
10.CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(9) EXCLUDES
CERTAIN SHARES [ ]
CUSIP No. 87933510 Page 2 of 6 Pages
11.PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.TYPE OF REPORTING PERSON *
Bankers Trust New York Corporation - HC
Bankers Trust Company - BK
BT Variable Inc. - IC
CUSIP No. 87933510 Page 3 of 5 Pages
Item 1(a) NAME OF ISSUER:
Teledyne Inc.
Item 1(b) ADDRESS OF ISSUERS PRINCIPAL EXECUTIVE
OFFICES:
2049 Century Park East
Los Angeles, CA 90067-3101
Item 2(a) NAME OF PERSON FILING:
Bankers Trust New York Corporation, and its
whollyowned subsidiaries, Bankers Trust
Company(as Trustee for various trusts and
employee benefit plans, and investment advisor),
and BT Variable Inc.
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, Bankers Trust
Company (as Trustee for various trusts and
employee benefit plans, and investment
advisor)and BT Variable Inc. are incorporated in
the State of New York with its principal business
office located in New York.
Item 2(d) TITLE OF CLASS OF SECURITIES:
Common stock ($1.00 par value) of Teledyne, Inc.
Item 2(e) CUSIP NUMBER: 87933510
CUSIP No. 87933510 Page 4 of 6 Pages
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
(b) [X] Bank as defined in section 3(a)(6) of the
Act.
For BT Variable, Inc.
(c) [X] Insurance Company as defined in Section 3(a)
(19) of the Act.
Item 4 OWNERSHIP:
As of December 31, 1995:
(a) Amount Beneficially Owned:
(b) Percent of Class:
(c) Number of shares as to which the Bank has:
(i) sole power to vote or to direct the
vote -
(ii) shared power to vote or to direct the
vote -
(iii) sole power to dispose or to direct the
disposition of -
(iv) shared power to dispose or to direct
the disposition of -
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 [X].
Item 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON:
Not applicable.
CUSIP No. 87933510 Page 5 of 6 Pages
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.
Item 9 NOTICE OF DISSOLUTION OF GROUP:
Not Applicable.
Item 10 CERTIFICATION:
Note Applicable.
CUSIP No. Page 6 of 6 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: as of December 31, 1995
Bankers Trust New York Corp.
/s/James T. Byrne, Jr.
James T. Byrne, Jr.
Secretary
Bankers Trust Company, as investment
advisor.
/s/James T. Byrne, Jr.
James T. Byrne, Jr.
Secretary
EXHIBIT TO ITEM 7
The chain of ownership from Bankers Trust New York
Corporation to BT Variable, Inc. is shown below:
Bankers Trust New York Corporation
|
100%
|
Bankers Trust Company
|
100%
|
Whitewood Properties Corp
|
100%
|
BT Variable, Inc.
EXHIBIT TO ITEM 7
The chain of ownership from Bankers Trust New York
Corporation to Bankers Trust Company is shown
below:
Bankers Trust New York Corporation
|
100%
|
Bankers Trust Company
