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BANKERS TRUST CORPORATION
One Bankers Trust Plaza
New York, New York 10006
Damian P. Reitemeyer
Principal
Telephone: (212) 250-4599
April 21, 1999
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,
By /s/Damian P. Reitemeyer
Enclosures
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
____
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
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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 Corporation and its indirect
wholly-owned subsidiary, BT Capital Partners, Inc.
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 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. 517,645 Shares
517,645
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY BT Capital Partners, Inc. 0 Shares
0
EACH 7. SOLE DISPOSITIVE POWER
REPORTING BT Capital Partners, Inc. 517,645 Shares
517,645
PERSON 8. SHARED DISPOSITIVE POWER
WITH BT Capital Partners, Inc. 0 Shares
0
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CUSIP No. 863451100 Page 3 of 7 Pages
9.AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
BT Capital Partners, Inc.* 517,645 Shares
517,645
*Includes presently exercisable warrants to
purchase 210,116 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 Capital Partners, Inc. 6.02%
6.02%
12.TYPE OF REPORTING PERSON *
Bankers Trust Corporation - HC;
BT Capital Partners, Inc. - CO
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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 Corporation, and its
indirect wholly-owned subsidiary, BT Capital
Partners, Inc.
Item 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
Bankers Trust Corporation and BT Capital Partners,
Inc.
130 Liberty Street
New York, New York 10006
Item 2(c) CITIZENSHIP:
Bankers Trust 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
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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 Capital Partners, Inc.* 517,645 Shares
517,645
*Includes presently exercisable warrants to
purchase 210,116 shares
(b) Percent of Class:
BT Capital Partners, Inc.* 6.02%
6.02%
*BT Capital Partners Inc. owns 3.58% of the
outstanding common stock and rights to
acquire an additional 2.44%.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote -
BT Capital Partners, Inc. 517,645 Shares
517,645
(ii) shared power to vote or to direct the vote -
BT Capital Partners, Inc. 0 Shares
0
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CUSIP No. 863451100 Page 6 of 7 Pages
(iii) sole power to dispose or to direct the
disposition of -
BT Capital Partners, Inc. 517,645 Shares
517,645
(iv) shared power to dispose or to direct the
disposition of -
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 A.
Item 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF
THE GROUP:
Not applicable.
Item 9 NOTICE OF DISSOLUTION OF GROUP:
Not applicable.
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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 and are held
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 April 21, 1999
Signature: Bankers Trust Corporation
By: /s/Salvatore P. Palazzolo
Name: Salvatore P. Palazzolo
Title: Senior Vice President
Signature: BT Capital Partners Inc.
By: /s/Heide Silverstein
Name: Heide Silverstein
Title: Secretary-Treasurer
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EXHIBIT A
The chain of ownership from Bankers Trust Corporation to BT
Capital Partners, Inc. is shown below:
Bankers Trust Corporation
|
100%
|
BT Holdings (New York), Inc.
|
100%
|
BT Capital Partners, Inc.
