BANKERS TRUST NEW YORK CORPORATION
One Bankers Trust Plaza
New York, New York 10006
Linda L. Assali Mailing Address:
Vice President BT Services Tennessee, Inc.
Telephone: 615-835-2901 648 Grassmere Park
Nashville, TN 37211
February 14, 1997
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
Strouds, 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,
Linda Assali
Enclosures
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
____
Strouds, Inc.
_______________________________________
NAME OF ISSUER:
Common Stock $.0001 par value
_______________________________________
TITLE OF CLASS OF SECURITIES
863451100
_______________________________________
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 7 Pages
CUSIP No. 863451100 Page 2 of 7 Pages
1.NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bankers Trust New York Corporation and its indirect
wholly-owned subsidiary, BT Capital Partners, Inc.
IRS Identification No.: 13-2725387
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 is a New York
corporation; BT Capital Partners, Inc. is a Delaware
corporation.
NUMBER OF 5. SOLE VOTING POWER
SHARES BT Capital Partners, Inc. 2,347,800 Shares
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY BT Capital Partners, Inc. 0 Shares
EACH 7. SOLE DISPOSITIVE POWER
REPORTING BT Capital Partners, Inc. 2,347,800 Shares
PERSON 8. SHARED DISPOSITIVE POWER
WITH BT Capital Partners, Inc. 0 Shares
9.AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
BT Capital Partners, Inc. 2,347,800 Shares
*Includes presently exercisable warrants to
purchase 212,850 shares
CUSIP No. 863451100 Page 3 of 7 Pages
10.CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(9) EXCLUDES
CERTAIN SHARES *
[ ]
11.PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
BT Capital Partners, Inc. 27.5%
12.TYPE OF REPORTING PERSON *
Bankers Trust New York Corporation - HC;
BT Capital Partners, Inc. - CO
CUSIP No. 863451100 Page 4 of 7 Pages
Item 1(a) NAME OF ISSUER:
Strouds, Inc.
Item 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
780 South Nogales Street
City of Industry, California 91748
Item 2(a) NAME OF PERSON FILING:
Bankers Trust New York Corporation, and its
indirect wholly-owned subsidiary, BT Capital
Partners, Inc.
Item 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
130 Liberty Street
New York, New York 10006
Item 2(c) CITIZENSHIP:
Bankers Trust New York Corporation is incorporated
in the State of New York with its principal
business office located in New York; BT Capital
Partners, Inc. is incorporated in the State of
Delaware with its principal business office
located in New York.
Item 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock $.0001 par value of Strouds,
Inc.
Item 2(e) CUSIP NUMBER:
863451100
Item 3 THE PERSON FILING IS A:
Not applicable. This Schedule is filed pursuant
to Rule 13d-1(c).
CUSIP No. 863451100 Page 5 of 7 Pages
Item 4 OWNERSHIP:
(a) Amount Beneficially Owned:
BT Capital Partners, Inc. 2,347,800 Shares
*Includes presently exercisable warrants to
purchase 212,850 shares
(b) Percent of Class:
BT Capital Partners Inc. owns 25.0% of the
outstanding common stock and rights to acquire an
additional 2.5%.
(c) Number of shares as to which BT Capital
Partners, Inc. has:
(i) sole power to vote or to direct the vote -
BT Capital Partners, Inc. 2,347,800 Shares
(ii) shared power to vote or to direct the vote -
BT Capital Partners, Inc. 0 Shares
(iii) sole power to dispose or to direct the
disposition of -
BT Capital Partners, Inc. 2,347,800 Shares
(iv) shared power to dispose or to direct the
disposition of -
BT Capital Partners, Inc. 0 Shares
Item 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not applicable.
CUSIP No. 863451100 Page 6 of 7 Pages
Item 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON:
Not applicable.
Item 7 IDENTIFICATION AND CLASSIFICATION OF THE
SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING
REPORTED ON BY THE PARENT HOLDING COMPANY:
See Exhibit to Item 7.
Item 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF
THE GROUP:
Not applicable.
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.
CUSIP No. 863451100 Page 7 of 7 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, 1996
Signature: Bankers Trust New York Corporation
By: /s/James T. Byrne, Jr.
Name: James T. Byrne, Jr.
Title: Secretary
Signature: BT Capital Partners Inc.
By: /s/Heide Silverstein
Name: Heide Silverstein
Title: Secretary-Treasurer
EXHIBIT TO ITEM 7
The chain of ownership from Bankers Trust New York
Corporation to BT Capital Partners Inc. is shown below:
Bankers Trust New York Corporation
|
100%
|
Bankers Trust Company
|
100%
|
BT Holdings (New York) Inc.
|
100%
|
BT Capital Partners Inc.
