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 Camp Corp.
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/Damian P. Reitemeyer
Enclosures
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
____
Union Camp Corp.
_______________________________________
NAME OF ISSUER:
Common Stock (Par Value $1.00)
_______________________________________
TITLE OF CLASS OF SECURITIES
905530101
_______________________________________
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 8 Pages
CUSIP No. 905530101 Page 2 of 8 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 indirectly wholly owned subsidiary
BT Variable, Inc. 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, and BT Variable, Inc. are New York Corporations
NUMBER OF 5. SOLE VOTING POWER
SHARES Bankers Trust Company 771,837 shares
BT Variable, Inc. 0 shares
771,837 shares
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY Bankers Trust Company 73,395 shares
BT Variable, Inc. 17,000 shares
90,395 shares
EACH 7. SOLE DISPOSITIVE POWER
REPORTING Bankers Trust Company 1,310,400 shares
BT Variable, Inc. 17,000 shares
1,327,400 shares
PERSON 8. SHARED DISPOSITIVE POWER
WITH Bankers Trust Company 49,160 shares
BT Variable, Inc. 0 shares
49,160 shares
9.AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
Bankers Trust Company 1,359,560 shares
BT Variable, Inc. 17,000 shares
1,376,560 shares
CUSIP No. 905530101 Page 3 of 8 Pages
10.CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(9) EXCLUDES
CERTAIN SHARES *
[X]
11.PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Bankers Trust Company 1.9%
BT Variable, Inc. 0.0%
1.9%
12.TYPE OF REPORTING PERSON *
Bankers Trust New York Corporation - HC
Bankers Trust Company - BK
BT Variable, Inc. - IC
CUSIP No. 905530101 Page 4 of 8 Pages
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 BT VARIABLE, INC. 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)(ii) HEREOF.
Item 1(a) NAME OF ISSUER:
Union Camp Corp.
Item 1(b) ADDRESS OF ISSUER S PRINCIPAL EXECUTIVE OFFICES:
1600 Valley Rd
Wayne, NJ 07470
Item 2(a) NAME OF PERSON FILING:
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 indirectly wholly-owned subsidiary 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 corporations
incorporated in the State of New York with their
principal business offices located in New York
Item 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock (Par Value $1.00) of Union Camp
Corp., a Virginia corporation.
Item 2(e) CUSIP NUMBER:
905530101
CUSIP No. 905530101 Page 5 of 8 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:
(a) Amount Beneficially Owned:
as of December 31, 1995
(i) Bankers Trust Company 1,359,560 shares
BT Variable, Inc. 17,000 shares
1,376,560 shares
(ii) Bankers Trust Company was also the record owner of
2,539,310 shares held by the Bank as Trustee of
the Union Camp 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 Bankers Trust New York Corporation,
Bankers Trust Company, and BT Variable Inc. 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,
Bankers Trust New York Corporation, Bankers Trust
Company, and BT Variable Inc. hereby disclaim
beneficial ownership of such securities.
CUSIP No. 905530101 Page 6 of 8 Pages
(b) PERCENT OF CLASS:
The common stock described in Item 4(a) above as
to which the Bankers Trust New York, Bankers Trust
Company and BT Variable Inc. acknowledges
beneficial ownership constitutes the following:
Bankers Trust Company 1.9%
BT Variable, Inc. 0.0%
1.9%
The Common Stock as to which Bankers Trust New
York Corporation, Bankers Trust Company and BT
Variable Inc. disclaim beneficial ownership
constitutes 3.6% 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 -
Bankers Trust Company 771,837 shares
BT Variable, Inc. 0 shares
771,837 shares
(ii) shared power to vote or to direct the vote -
Bankers Trust Company 73,395 shares
BT Variable, Inc. 17,000 shares
90,395 shares
(iii)sole power to dispose or to direct the disposition
of -
Bankers Trust Company 1,310,400 shares
BT Variable, Inc. 17,000 shares
1,327,400 shares
(iv) shared power to dispose or to direct the
disposition of -
Bankers Trust Company 49,160 shares
BT Variable, Inc. 0 shares
49,160 shares
Item 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
[ ]
CUSIP No. 905530101 Page 7 of 8 Pages
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, 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.
Item 9 NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
CUSIP No. 905530101 Page 8 of 8 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
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: BT Variable, Inc.
By: /s/Myles Tashman
Name: Myles Tashman
Title: Secretary
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 BT Variable, Inc. is shown below:
Bankers Trust New York Corporation
|
100%
|
Bankers Trust Company
|
100%
|
Whitewood Properties Corp
|
100%
|
BT Variable, Inc.
