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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.1 )
Alliance Entertainment Corp.
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(Name of Issuer)
Common Stock, $.0001 par value
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(Title of Class of Securities)
018593103
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(CUSIP Number)
Mr. James T. Byrne, Jr. Office of the Secretary
Bankers Trust New York Corporation,
280 Park Avenue, New York, NY 10017
Tel. (212) 250-1869
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications
June 14, 1996
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with this statement [ ]. (A
fee is not required only if the reporting 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.)
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SCHEDULE 13D
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CUSIP NO. 018593103
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BT Capital Partners, Inc
EIN No. 13-2725387
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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. SOURCE OF FUNDS
WC, BK (See Item 3)
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E)
[ X ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBERS OF 7. SOLE VOTING POWER
SHARES 3,974,937
BENEFICIALLY _______________________________________________
OWNED BY EACH
REPORTING 8. SHARED VOTING POWER
PERSON WITH 0
_______________________________________________
9. SOLE DISPOSITIVE POWER
3,974,937
_______________________________________________
10. SHARED DISPOSITIVE POWER
0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,974,937
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.8%
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14. TYPE OF REPORTING PERSON
CO
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SCHEDULE 13D
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CUSIP NO. 018593103
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bankers Trust New York Corporation
EIN No. 13-6180473
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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. SOURCE OF FUNDS
WC, BK (See Item 3)
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E)
[ X ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBERS OF 7. SOLE VOTING POWER
SHARES 0*
BENEFICIALLY _______________________________________________
OWNED BY EACH
REPORTING 8. SHARED VOTING POWER
PERSON WITH 0
_______________________________________________
9. SOLE DISPOSITIVE POWER
0*
_______________________________________________
10. SHARED DISPOSITIVE POWER
0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0*
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0*
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14. TYPE OF REPORTING PERSON
CO
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BT Capital Partners, Inc. is an indirect wholly-owned subsidiary of Bankers
Trust New York Corporation. Bankers Trust Company is a direct wholly-owned
subsidiary of Bankers Trust New York Corporation. As a result, Bankers Trust New
York Corporation may be deemed to be the indirect beneficial owner of the shares
of Common Stock owned by BT Capital Partners, Inc. and Bankers Trust Company.
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SCHEDULE 13D
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CUSIP NO. 018593103
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bankers Trust Company
EIN No. 13-4941247
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
OO (See Item 3)
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E)
[ X ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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NUMBERS OF 7. SOLE VOTING POWER
SHARES 71,300
BENEFICIALLY _______________________________________________
OWNED BY EACH
REPORTING 8. SHARED VOTING POWER
PERSON WITH 0
_______________________________________________
9. SOLE DISPOSITIVE POWER
71,300
_______________________________________________
10. SHARED DISPOSITIVE POWER
0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
71,300
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
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14. TYPE OF REPORTING PERSON
BK, IA
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ITEM 1. SECURITY AND ISSUER.
This amendment amends a statement on Schedule 13D (the"Original
13D") relating to Common Stock, par value $.0001 per share ("Common
Stock), of Alliance Entertainment Corp. (the" Issuer"), filed with
the Securities and Exchange Commission on June 14, 1996 by the
filing persons described under Item 2.
ITEM 2. IDENTITY AND BACKGROUND.
Item 2(a) through (c), Item 2(f).
--------------------------------
The Original 13D was filed by Bankers Trust New York
Corporation, Bankers Trust Company and BT Capital Partners, Inc.
This amendment is being filed to include an additional cover
sheet relating to shares owned by BT Capital Partners, Inc. as
reported in Item 2 of the Original 13D. No change is made to the
other cover sheets filed as part of the Original 13D.
Items 2(d) and (3).
------------------
No change.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
No change.
ITEM 4. PURPOSE OF TRANSACTION.
No change.
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ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
No change.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
No changes.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
No change.
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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: June 18, 1996
Signature: BANKERS TRUST NEW YORK CORPORATION
By: /s/ James T. Bynre
____________________________________
Name: James T. Byrne
Title: Senior Vice President
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