BANKERS TRUST CORPORATION
One Bankers Trust Plaza
New York, New York 10006
Damian P. Reitemeyer
Principal
Telephone: (212)250-4599
February 12, 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
Giant Cement Holdings, 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. )*
Giant Cement Holdings, Inc.
_______________________________________
NAME OF ISSUER:
Common Stock (Par Value $.01)
_______________________________________
TITLE OF CLASS OF SECURITIES
374450104
_______________________________________
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 (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 10 Pages
CUSIP No. 374450104 Page 2 of 10 Pages
1.NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bankers Trust Corporation; its wholly-owned
subsidiary Bankers Trust Company; its wholly-owned
subsidiary BT Holdings (New York), Inc.; and 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) [ ]
3.SEC USE ONLY
4.CITIZENSHIP OR PLACE OF ORGANIZATION
Bankers Trust Corporation, BT Holdings (New York), Inc. 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 19,200 shares
BT Holdings (New York), Inc. 443,000 shares
BT Alex.Brown 700 shares
462,900
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY Bankers Trust Company 0 shares
BT Holdings (New York),Inc. 0 shares
BT Alex.Brown 0 shares
0
CUSIP No. 374450104 Page 3 of 10 Pages
EACH 7. SOLE DISPOSITIVE POWER
REPORTING Bankers Trust Company 21,400 shares
BT Holdings (New York), Inc. 443,000 shares
BT Alex.Brown 700 shares
465,100
PERSON 8. SHARED DISPOSITIVE POWER
WITH Bankers Trust Company 0 shares
BT Holdings (New York),Inc. 0 shares
BT Alex.Brown 0 shares
0
9.AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
Bankers Trust Company 21,400 shares
BT Holdings (New York), Inc. 443,000 shares
BT Alex.Brown 700 shares
465,100
10.CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(9) EXCLUDES
CERTAIN SHARES *
[ ]
CUSIP No. 374450104 Page 4 of 10 Pages
11.PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Bankers Trust Company 0.23%
BT Holdings (New York),Inc. 4.81%
BT Alex.Brown 0.01%
5.05%
12.TYPE OF REPORTING PERSON *
Bankers Trust Corporation - HC
BT Holdings (New York),Inc. - CO
Bankers Trust Company - BK
BT Alex.Brown - BD
Item 1(a) NAME OF ISSUER:
Giant Cement Holding, Inc.
Item 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE
OFFICES:
320-D Midland Parkway
Summerville, SC 29485
CUSIP No. 374450104 Page 5 of 10 Pages
Item 2(a) NAME OF PERSON FILING:
Bankers Trust Corporation; its wholly-owned
subsidiaries BT Holdings (New York), Inc. and
Bankers Trust Company; and its indirect wholly-
owned subsidiary BT Alex.Brown
Item 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
For Bankers Trust Corporation, BT
Holdings (New York), Inc., Bankers Trust
Company, and BT Alex.Brown
130 Liberty Street
New York, New York 10006
Item 2(c) CITIZENSHIP:
Bankers Trust Corporation, BT
Holdings (New York), Inc. and Bankers Trust
Company are New York Corporations 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:
Common Stock (Par Value $1.00) of Giant Cement
Holding, Inc.
Item 2(e) CUSIP NUMBER:
374450104
CUSIP No. 374450104 Page 6 of 10 Pages
Item 3 THE PERSON FILING IS A:
For Bankers Trust Corporation and BT Holdings
(New York), Inc.
(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 of the Act.
Item 4 OWNERSHIP:
(a) Amount Beneficially Owned:
Bankers Trust Company 21,400 shares
BT Holdings (New York), Inc. 443,000 shares
BT Alex.Brown 700 shares
465,100
CUSIP No. 374450104 Page 7 of 10
Pages
(b) PERCENT OF CLASS:
Bankers Trust Company 0.23%
BT Holdings (New York),Inc. 4.81%
BT Alex.Brown 0.01%
5.05%
(c) Number of shares as to which the following have:
(i) sole power to vote or to direct the
vote -
Bankers Trust Company 19,200 shares
BT Holdings (New York), Inc. 443,000 shares
BT Alex.Brown 700 shares
462,900
(ii) shared power to vote or to direct the
vote -
Bankers Trust New York
Corporation 0 shares
Bankers Trust Company 0 shares
BT Holdings (New York), Inc. 0 shares
BT Alex.Brown 0 shares
0
(iii) sole power to dispose or to direct the
disposition of -
Bankers Trust Company 21,400 shares
BT Holdings (New York), Inc. 443,000 shares
BT Alex.Brown 700 shares
465,100
CUSIP No. 374450104 Page 8 of 10 Pages
(iv) shared power to dispose or to direct the
disposition of -
Bankers Trust New York
Corporation 0 shares
Bankers Trust Company 0 shares
BT Holdings (New York), Inc. 0 shares
BT Alex.Brown 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 Item 3 above and Exhibits A and B.
Item 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS
OF THE GROUP:
Not Applicable
Item 9 NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
CUSIP No. 374450104 Page 9 of 10 Pages
Item 10 CERTIFICATION:
By signing below I certify that, to the best of
my knowledge and belief, the securities
referred to above were not acquired and are not
held for the purpose of or with the effect of
changing or influencing the control of the
issuer of the securities and were not acquired
and are not held in connection with or as
a participant in any transaction having that
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, 1998
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
CUSIP No. 374450104 Page 10 of 10 Pages
Signature: BT Alex.Brown
By: /s/ James T. Byrne, Jr.
Name: James T. Byrne, Jr.
Title: Secretary
Signature: BT Holdings (New York), Inc.
By: /s/ Gordon S. Calder, Jr.
Name: Gordon S. Calder, Jr.
Title: Secretary
EXHIBIT A
The chain of ownership from Bankers Trust Corporation to
Bankers Trust Company and BT Holdings (New York), Inc. is
shown below:
Bankers Trust Corporation
_________________________________________________________
| |
100% 100%
| |
Bankers Trust Company BT Holdings (New York), Inc.
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
