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
Administaff, 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. )*
Administaff, Inc.
_______________________________________
NAME OF ISSUER:
Common Stock (Par Value $.01)
_______________________________________
TITLE OF CLASS OF SECURITIES
007094105
_______________________________________
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 (the 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. 007094105 Page 2 of 8 Pages
1.NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Bankers Trust New York Corporation and its wholly owned
subsidiary, Bankers Trust Company, and its indirectly
wholly owned subsidiary Pyramid Ventures, Inc.
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 and its wholly owned
subsidiary, Bankers Trust Company are New York
corporations. Pyramid Ventures, Inc. is a Delaware
corporation.
NUMBER OF 5. SOLE VOTING POWER
SHARES
Bankers Trust Company 100 shares
Pyramid Ventures 1,458,066 shares
1,458,166 shares
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
Bankers Trust Company 0 shares
Pyramid Ventures 0 shares
0 shares
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
Bankers Trust Company 0 shares
Pyramid Ventures 1,458,066 shares
1,458,066
PERSON 8. SHARED DISPOSITIVE POWER
WITH
Bankers Trust Company 0 shares
Pyramid Ventures 0 shares
0 shares
CUSIP No. 007094105 Page 3 of 8 Pages
9.AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
Bankers Trust Company 100 shares
Pyramid Ventures 1,458,066 shares
1,458,166 shares
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 Company 0.00%
Pyramid Ventures 10.52%
10.52%
12.TYPE OF REPORTING PERSON *
Bankers Trust New York Corporation - HC
Bankers Trust Company - BK
Pyramid Ventures - CO
CUSIP No. 007094105 Page 4 of 8 Pages
Item 1(a) NAME OF ISSUER:
Administaff, Inc.
Item 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE
OFFICES:
19001 Crescent Springs Drive
Kingwood, TX 77339-3802
Item 2(a) NAME OF PERSON FILING:
Bankers Trust New York Corporation, its wholly
owned subsidiary Bankers Trust Company, and
its indirectly wholly-owned subsidiary Pyramid
Ventures, 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 and Bankers
Trust Company are corporations incorporated in
the State of New York with their principal
business offices located in New York. Pyramid
Ventures, 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:
This statement relates to the Companys Common
Stock $.01 par value per share.
Item 2(e) CUSIP NUMBER:
007094105
CUSIP No. 007094105 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 Pyramid Ventures
Pyramid Ventures, Inc. is incorporated in the
State of Delaware with its principal business
office located in New York.
Item 4 OWNERSHIP:
(a) Amount Beneficially Owned:
Bankers Trust Company 100 shares
Pyramid Ventures 1,458,066 shares
1,458,166 shares
(b) Percent of Class (1):
Bankers Trust Company 0.00%
Pyramid Ventures 10.52%
10.52%
CUSIP No. 007094105 Page 6 of 8 Pages
(c) Number of shares as to which the following
have:
(i) sole power to vote or to direct the
vote -
Bankers Trust Company 100 shares
Pyramid Ventures 1,458,066 shares
1,458,166 shares
(ii) shared power to vote or to direct the
vote -
Bankers Trust Company 0 shares
Pyramid Ventures 0 shares
0 shares
(iii) sole power to dispose or to direct the
disposition of -
Bankers Trust Company 0 shares
Pyramid Ventures 1,458,066 shares
1,458,066 shares
(iv) shared power to dispose or to direct
the disposition of -
Bankers Trust Company 0 shares
Pyramid Ventures 0 shares
0 shares
Item 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not applicable.
CUSIP No. 007094105 Page 7 of 8 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 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. 007094105 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, 1997
Signature: Bankers Trust New York Corporation
By: /s/ James T. Byrne, Jr.
Name: James T. Byrne, Jr.
Title: Secretary
Signature: Bankers Trust Company
By: /s/ James T. Byrne, Jr.
Name: James T. Byrne, Jr.
Title: Secretary
Signature: Pyramid Ventures, Inc.
By: /s/ Brian Talbot
Name: Brian Talbot
Title: Secretary
Exhibit A
Bankers Trust Company is a direct wholly owned
subsidiary of Bankers Trust New York Corporation and Pyramid
Ventures is an indirect wholly owned subsidiary of Bankers
Trust New York Corporation
Bankers Trust New York Corporation
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100% 100%
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Bankers Trust Company BT Holdings New York , Inc.
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100%
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Pyramid Ventures, Inc.
