SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
Blyth Industries, Inc.
_______________________________________
NAME OF ISSUER:
Common Stock (Par Value $.02)
_______________________________________
TITLE OF CLASS OF SECURITIES
09643P108
_______________________________________
CUSIP NUMBER
July 31, 1998
__________________________________________________
Date of Event Which Requires Filing This Statement
Check the appropriate box to designate the rule
pursuant to which this Schedule is filed:
(X) Rule 13d-1 (b)
( ) Rule 13d-1 (c)
( ) Rule 13d-1 (d)
*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 7 Pages
CUSIP No. 09643P108 Page 2 of 7 Pages
1.NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Bankers Trust Corporation, its wholly owned
subsidiary, Bankers Trust Company, its indirect
wholly owned subsidiary, BT Alex. Brown Incorporated
(BT Alex. Brown).
13-6180473
2.CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(A) [ ]
(B) [ ]
See page 6 of 7, Item 8 - IDENTIFICATION AND
CLASSIFICATION OF MEMBERS OF THE GROUP
3.SEC USE ONLY
4.CITIZENSHIP OR PLACE OF ORGANIZATION
Bankers Trust Corporation and Bankers Trust Company are
New York Corporations. BT Alex. Brown is a Delaware
Corporation.
NUMBER OF 5. SOLE VOTING POWER
SHARES
Bankers Trust Company 107,045 shares
BT Alex. Brown 27,229 shares
134,274 shares
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
Bankers Trust Company 0 shares
BT Alex. Brown 0 shares
0 shares
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
Bankers Trust Company 356,445 shares
BT Alex. Brown 27,529 shares
383,974 shares
PERSON 8. SHARED DISPOSITIVE POWER
WITH
Bankers Trust Company 0 shares
BT Alex. Brown 0 shares
0 shares
CUSIP No. 09643P108 Page 3 of 7 Pages
9.AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
Bankers Trust Company 356,445 shares
BT Alex. Brown 27,529 shares
383,974 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 0.72%
BT Alex. Brown 0.06%
0.78%
12.TYPE OF REPORTING PERSON *
Bankers Trust Corporation - HC
Bankers Trust Company - BK
BT Alex. Brown - BD
Item 1(a) NAME OF ISSUER:
Blyth Industries, Inc.
Item 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE
OFFICES:
100 Field Point Road
Greenwich, CT 06830
Item 2(a) NAME OF PERSON FILING:
Bankers Trust Corporation, its wholly-owned
subsidiary, Bankers Trust Company, and its
indirect wholly-owned subsidiary,
BT Alex. Brown.
Item 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
For Bankers Trust Corporation,
Bankers Trust Company and BT Alex.Brown
130 Liberty Street
New York, New York 10006
CUSIP No. 09643P108 Page 4 of 7 Pages
Item 2(c) CITIZENSHIP:
Bankers Trust Corporation and Bankers Trust
Company are corporations incorporated in the State of
New York with their principal business offices located
in New York.
BT Alex. Brown is a Delaware corporation 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 $.02 par value per share.
Item 2(e) CUSIP NUMBER:
09643P108
Item 3 THE PERSON FILING IS A:
For Bankers Trust 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 Alex. Brown
(a) [X] Broker or dealer registered under Section 15
15 of the Act.
Item 4 OWNERSHIP:
(a) Amount Beneficially Owned:
Bankers Trust Company 356,445 shares
BT Alex. Brown 27,529 shares
383,974 shares
(b) Percent of Class :
Bankers Trust Company 0.72%
BT Alex. Brown 0.06%
0.78%
CUSIP No. 09643P108 Page 5 of 7 Pages
(c) Number of shares as to which the following
have:
(i) sole power to vote or to direct the vote -
Bankers Trust Company 107,045 shares
BT Alex. Brown 27,229 shares
134,274 shares
(ii) shared power to vote or to direct the
vote -
Bankers Trust Company 0 shares
BT Alex. Brown 0 shares
0 shares
(iii) sole power to dispose or to direct the
disposition of -
Bankers Trust Company 356,445 shares
BT Alex. Brown 27,529 shares
383,974 shares
(iv) shared power to dispose or to direct
the disposition of -
Bankers Trust Company 0 shares
BT Alex. Brown 0 shares
0 shares
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 Exhibits A and B.
CUSIP No. 09643P108 Page 6 of 7 Pages
Item 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF
THE GROUP:
In addition to the shares presented in this
Form 13G, Alex. Brown Investment Management, a
limited partnership that is 50% owned
indirectly by Bankers Trust Corporation,
beneficially owns 4,767,830 shares or 9.70% of
Blyth Industries, Inc. This ownership was
disclosed in a separate 13G filed by Alex.
Brown Investment Management.
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.
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 August 7, 1998
CUSIP No. 09643P108 Page 7 of 7 Pages
Signature: Bankers Trust 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: BT Alex. Brown
By: /s/ James T. Byrne, Jr.
Name: James T. Byrne, Jr.
Title: Secretary
Exhibit A
The chain of ownership from Bankers Trust Corporation to
Bankers Trust Company is shown below:
Bankers Trust Corporation
|
|
100%
|
|
Bankers Trust Company
.
Exhibit B
The chain of ownership from Bankers Trust Corporation to BT
Alex. Brown is shown below:
Bankers Trust Corporation
|
|
100%
|
|
BT Alex.
Brown Holdings Incorporated
|
|
100%
|
|
BT Alex. Brown Incorporated
