BANKERS TRUST NEW YORK CORPORATION
One Bankers Trust Plaza
New York, New York 10006
Damian P. Reitemeyer
Vice President
Telephone: (212) 250-4599
February 17, 1998
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,
Damian P. Reitemeyer
Enclosures
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
____
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 subsidiaries, BT Capital Partners, Inc.
and Banker Trust Holdings (UK) Limited(BT Holdings
(UK),Ltd.) IRS Identification No.: 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 is a New York
corporation. BT Capital Partners, Inc. is a Delaware
corporation. BT Holdings (UK), Ltd., is a corporation
organized in the United Kingdom.
NUMBER OF 5. SOLE VOTING POWER
SHARES BT Holdings (UK), Ltd. 100,000 Shares
BT Capital Partners, Inc. 2,347,800 Shares
2,447,800
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY BT Holdings (UK), Ltd. 0 Shares
BT Capital Partners, Inc. 0 Shares
0
EACH 7. SOLE DISPOSITIVE POWER
REPORTING BT Holdings (UK), Ltd. 100,000 Shares
BT Capital Partners, Inc. 2,347,800 Shares
2,447,800
PERSON 8. SHARED DISPOSITIVE POWER
WITH BT Holdings (UK), Ltd. 0 Shares
BT Capital Partners, Inc. 0 Shares
0
CUSIP No. 863451100 Page 3 of 7 Pages
9.AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
BT Holdings (UK), Ltd. 100,000 Shares
BT Capital Partners, Inc.* 2,347,800 Shares
2,447,800
*Includes presently exercisable warrants to
purchase 212,850 shares
10.CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(9) EXCLUDES
CERTAIN SHARES *
[ ]
11.PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
BT Holdings (UK), Ltd. 1.1%
BT Capital Partners, Inc. 26.8%
27.9%
12.TYPE OF REPORTING PERSON *
Bankers Trust New York Corporation - HC;
BT Capital Partners, Inc. - CO
BT Holdings (UK), Ltd. - 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 subsidiaries, BT Capital
Partners, Inc. and BT Holdings (UK), Ltd.
Item 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
Bankers Trust New York Corporation and BT Capital
Partners, Inc.
130 Liberty Street
New York, New York 10006
BT Holdings (UK), Ltd.
1 Appold Street
Broadgate London United Kingdom
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.
BT Holdings (UK), Ltd. is a corporation organized
in the United Kingdom and located in London,
England.
Item 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock $.0001 par value of Strouds, Inc.
Item 2(e) CUSIP NUMBER:
863451100
CUSIP No. 863451100 Page 5 of 7 Pages
Item 3 THE PERSON FILING IS A:
Not applicable. This Schedule is filed pursuant
to Rule 13d-1(c).
Item 4 OWNERSHIP:
(a) Amount Beneficially Owned:
BT Holdings (UK), Ltd. 100,000 Shares
BT Capital Partners, Inc.* 2,347,800 Shares
2,447,800
*Includes presently exercisable warrants to
purchase 212,850 shares
(b) Percent of Class:
BT Holdings (UK), Ltd. 1.1%
BT Capital Partners, Inc.* 26.8%
27.9%
*BT Capital Partners Inc. owns 24.4% of the
outstanding common stock and rights to
acquire an additional 2.4%.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote -
BT Holdings (UK), Ltd. 100,000 Shares
BT Capital Partners, Inc. 2,347,800 Shares
2,447,800
(ii) shared power to vote or to direct the vote -
BT Holdings (UK), Ltd. 0 Shares
BT Capital Partners, Inc. 0 Shares
0
CUSIP No. 863451100 Page 6 of 7 Pages
(iii) sole power to dispose or to direct the
disposition of -
BT Holdings (UK), Ltd. 100,000 Shares
BT Capital Partners, Inc. 2,347,800 Shares
2,447,800
(iv) shared power to dispose or to direct the
disposition of -
BT Holdings (UK), Ltd. 0 Shares
BT Capital Partners, Inc. 0 Shares
0
Item 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not applicable.
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.
CUSIP No. 863451100 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, 1997
Signature: Bankers Trust New York Corporation
By: /s/James T. Byrne, Jr.
Name: James T. Byrne, Jr.
Title: Secretary
Signature: BT Holdings (UK), Ltd.
By: /s/Ian Pellow
Name: Ian Pellow
Title: Secretary-Treasurer
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%
|
BT Holdings (New York), Inc.
|
100%
|
BT Capital Partners, Inc.
EXHIBIT TO ITEM 7
The chain of ownership from Bankers Trust New York
Corporation to Bankers Trust Holdings (UK), Limited 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
