GSB Investment Management Inc/Adv – ‘SC 13G/A’ on 2/16/99 re: First Brands Corp

As of:  Tuesday, 2/16/99   ·   Confirming Copy?  Yes ©   ·   Accession #:  915609-99-6   ·   File #:  5-40696

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Amendment to Statement of Beneficial Ownership   —   Schedule 13G
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G/A    Amendment to Statement of Beneficial Ownership         3      7K 

SC 13G/A
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SECURITIES AND EXCHANGE COMMISSION      
Washington, D.C.  20549     

SCHEDULE 13G      

Under the Securities Exchange Act of 1934     

(Amendment No. 1)*      

FIRST BRANDS CORP     
(Name of Issuer)      

Common Stock      
(Title of Class of Securities)      

319356101       
(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 ("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).                                                                         

SC 13G/A
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CUSIP No.   319356101                    13G                                    

1.   Name of Reporting Person                                                   
S.S. or I.R.S. Identification No. of Above Person                     

GSB Investment Management, Inc.                             
301 Commerce Street, Suite 2001                             
Fort Worth, Texas 76102                                     
I.R.S. Identification No. 75-2508383                        

2.   Check the Appropriate Box if a Member of a Group*                          
                   (a) [ ]

                   (b) [ ]
3.   SEC USE ONLY                                                               

4.   Citizenship or Place of Organization:                                      
State of Texas, Tarrant County, City of Fort Worth              

Number of shares beneficially owned by each reporting person with:              
5.   Sole Voting Power:                               207,225         
6.   Shared Voting Power:                                 N/A         
7.   Sole Dispositive Power:                        1,079,817         
8.   Shared Dispositive Power:                         66,040         

9.   Aggregate Amount Beneficially                                              
Owned by Each Reporting Person:                     1,145,857         

10.  Check Box if the Aggregate Amount                                          
in Row (9) Excludes Certain Shares*:                      [ ]                   

11.  Percent of Class Represented                                               
by Amount in Row 9:                                    2.94%          

Type or Reporting Person:                    IA-Investment Advisor              

SC 13G/A
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Certification.

By signing below I certify that, to the best of my                          
(our) 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 purposes or effect.                             

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.                               

Dated:  Ferbruary 12, 1999        

By: /s/ Mark J. Stupfel     
____________________________________        
      Mark J. Stupfel, Principal