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
February 14, 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
Union Texas Petro Holdings 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
Enclosures
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Union Texas Petro Holdings Inc.
__________________________________
NAME OF ISSUER:
Common Stock, $0.05 par value
______________________________________
TITLE OF CLASS OF SECURITIES
90864010
_______________________________________
CUSIP NUMBER
Check the following box if a fee is being paid with this
statement [x]. (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))
CUSIP No. 90864010 Page 1 of 7 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
subsidiary, Bankers Trust Company (as Trustee for various
trusts and employee benefit plans, and investment advisor),
and its indirect wholly-owned subsidiaries Bankers Trust
International PLC and BT Variable. 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. Bankers Trust
International is a London corporation.
NUMBER OF 5. SOLE VOTING POWER
SHARES
Bankers Trust New York Corporation 684,749 shares
Bankers Trust Company 2,194,714 shares
Bankers Trust International PLC 1,515,928 shares
BT Variable, Inc 0 shares
TOTAL SHARES 4,395,391 shares
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
Bankers Trust New York Corporation 0 shares
Bankers Trust Company 0 shares
Bankers Trust International PLC 0 shares
BT Variable, Inc. 50,000 shares
TOTAL SHARES 50,000
CUSIP No. 90864010 Page 2 of 7 Pages
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
Bankers Trust New York Corporation 684,749shares
Bankers Trust Company 2,194,714shares
Bankers Trust International PLC 1,515,928shares
BT Variable, Inc. 50,000shares
TOTAL SHARES 4,445,391
PERSON 8. SHARED DISPOSITIVE POWER
WITH
Bankers Trust New York Corporation 0 shares
Bankers Trust Company 0 shares
Bankers Trust International PLC 0 shares
BT Variable, Inc. 0 shares
TOTAL SHARES 0
9.AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
Bankers Trust New York Corporation 684,749shares
Bankers Trust Company 2,194,714shares
Bankers Trust International PLC 1,515,928shares
BT Variable, Inc. 50,000shares
TOTAL SHARES 4,445,391
10.CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(9) EXCLUDES
CERTAIN SHARES *
11.PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Bankers Trust New York Corporation .8%
Bankers Trust Company 2.5%
Bankers Trust International PLC 1.7%
BT Variable, Inc. .1%
TOTAL 5.1%
12.TYPE OF REPORTING PERSON *
Bankers Trust New York Corporation - HC
Bankers Trust Company & Bankers Trust International- BK
BT Variable, Inc. - IC
CUSIP No. 90864010 Page 3 of 7 Pages
Item 1(a) NAME OF ISSUER:
Union Texas Petro Holdings Inc.
Item 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE
OFFICES:
1330 Post Oak Blvd.
Houston, TX 77252-2120
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
subsidiaries Bankers Trust International, PLC.,
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. 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 ($0.05 par value) of Union Texas
Petro Holdings Inc.
Item 2(e) CUSIP NUMBER:
90864010
CUSIP No. 90864010 Page 4 of 7 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 and Bankers Trust
International, PLC
(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:
(a) Amount Beneficially Owned:
As of December 31, 1995:
Bankers Trust New York Corporation 684,749shares
Bankers Trust Company 2,194,714shares
Bankers Trust International PLC 1,515,928shares
BT Variable, Inc. 50,000shares
TOTAL SHARES 4,445,391
(b) PERCENT OF CLASS:
Bankers Trust New York Corporation .8%
Bankers Trust Company 2.5%
Bankers Trust International PLC 1.7%
BT Variable, Inc. .1%
TOTAL 5.1%
(c) Number of shares as to which the Bank has:
(i) sole power to vote or to direct the
vote -
Bankers Trust New York Corporation 684,749shares
Bankers Trust Company 2,194,714shares
Bankers Trust International PLC 1,515,928shares
BT Variable, Inc. 0 shares
TOTAL SHARES 4,395,391
CUSIP No.90864010 Page 5 of 7 Pages
(ii) shared power to vote or to direct the
vote -
Bankers Trust New York Corporation 0 shares
Bankers Trust Company 0 shares
Bankers Trust International PLC 0 shares
BT Variable Inc. 50,000 shares
TOTAL SHARES 50,000
(iii) sole power to dispose or to direct the
disposition of -
Bankers Trust New York Corporation 684,749shares
Bankers Trust Company 2,194,714shares
Bankers Trust International PLC 1,515,928shares
BT Variable, Inc. 50,000shares
TOTAL SHARES 4,445,391
(iv) shared power to dispose or to direct
the disposition of -
Bankers Trust New York Corporation 0 shares
Bankers Trust Company 0 shares
Bankers Trust International PLC 0 shares
BT Variable Inc. 0 shares
TOTAL SHARES 0
Item 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
[]
Item 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON:
The Issuer s Plan, and various trusts, and employee
benefit plan for which the Bank serves as Trustee, and
accounts for which the Bank serves as investment advisor,
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.
CUSIP No.90864010 Page 6 of 7 Pages
Item 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF
THE GROUP:
Not Applicable.
Item 9 NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
CUSIP No. 90864010 Page 7 of 7 Pages
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, 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
Bankers Trust International PLC
/s/ Claire Backhouse
Claire Bakhouse
Secretary
BT Variable, Inc.
/s/ James T. Byrne, Jr.
James T. Byrne, Jr.
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
EXHIBIT TO ITEM 7
The chain of ownership from Bankers Trust New York
Corporation to Bankers Trust International PLC is shown
below:
Bankers Trust New York Corporation
|
100%
|
Bankers Trust Company
|
100%
|
Bankers International Corporation
|
100%
|
BT Holdings (Europe) Limited
|
100%
|
Bankers Trust Holdings (UK) Limited
|
100%
|
Bankers Trust Investments PLC
|
100%
|
Bankers Trust International PLC
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.
