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
Lodgenet Entertainment Corporation
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. )*
Lodgenet Entertainment Corporation
_______________________________________
NAME OF ISSUER:
Common Stock (Par Value $ .01)
_______________________________________
TITLE OF CLASS OF SECURITIES
540211109
_______________________________________
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 8 Pages
CUSIP No. 540211109 Page 2 of 8 Pages
1.NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Bankers Trust Corporation and its wholly-owned
subsidiary, Bankers Trust Company. 13-6180473
2.CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(A) [ ]
(B) [ ]
See page 7 of 8, 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
CUSIP No. 540211109 Page 3 of 8
Pages
NUMBER OF 5. SOLE VOTING POWER
SHARES
Bankers Trust Company 100 shares
100 shares
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
Bankers Trust Company 0 shares
0 shares
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
Bankers Trust Company 0 shares
0 shares
PERSON 8. SHARED DISPOSITIVE POWER
WITH Bankers Trust Company 0 shares
0 shares
9.AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
Bankers Trust Company 100 shares
100 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%
0.00%
12.TYPE OF REPORTING PERSON *
Bankers Trust Corporation - HC
Bankers Trust Company - BK
CUSIP No. 540211109 Page 4 of 8 Pages
Item 1(a) NAME OF ISSUER:
Lodgenet Entertainment Corporation
Item 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
3900 West Innovation Street
Sioux Falls, SD 57107-7002
Item 2(a) NAME OF PERSON FILING:
Bankers Trust Corporation and its wholly-
owned subsidiary, Bankers Trust Company.
Item 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
For Bankers Trust Corporation and
Bankers Trust Company
130 Liberty Street
New York, New York 10006
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.
CUSIP No. 540211109 Page 5 of 8 Pages
Item 2(d) TITLE OF CLASS OF SECURITIES:
This statement relates to the Companys
Common Stock at Par Value $.01.
Item 2(e) CUSIP NUMBER:
540211109
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.
CUSIP No. 540211109 Page 6 of 8 Pages
Item 4 OWNERSHIP:
(a) Amount Beneficially Owned:
Bankers Trust Company 100 shares
100 shares
(b) Percent of Class :
Bankers Trust Company 0.00%
0.00%
(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
100 shares
(ii) shared power to vote or to direct the
vote -
Bankers Trust Company 0 shares
0 shares
(iii) sole power to dispose or to direct the
disposition of -
Bankers Trust Company 0 shares
0 shares
CUSIP No. 540211109 Page 7 of 8 Pages
(iv) shared power to dispose or to direct
the disposition of -
Bankers Trust Company 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.
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 871,700
shares or 7.3% of Lodgenet Entertainment
Corporation This ownership was disclosed
in a separate 13G filed by Alex.Brown
Investment Management.
Item 9 NOTICE OF DISSOLUTION OF GROUP:
Not applicable.
CUSIP No. 540211109 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 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 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
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 Alex.Brown Investment Management is
shown below:
Bankers Trust Corporation
|
|
100%
|
|
BT Alex.Brown Holdings Incorporated
|
_________________________|________________
| |
| |
| |
| |
| |
| |
| |
49% 100%
| |
| |
Alex.Brown Investment Management BT Alex. Brown Incorporated
(limited partnership) |
|
1%
|
|
Alex.Brown Investment Management
(limited partnership)
