Gallen Jonathan – ‘SC 13G’ on 7/31/03 re: Txu Europe Capital I

On:  Thursday, 7/31/03, at 5:33pm ET   ·   As of:  8/1/03   ·   Accession #:  905718-3-228   ·   File #:  5-79144

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

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G      Txu13G                                                 5     19K 

Document Table of Contents

SC 13G
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 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

 Under the Securities Exchange Act of 1934

TXU EUROPE CAPITAL I
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(Name of Issuer)

9 3/4% TRUST ORIGINATED PREFERRED SECURITIES
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(Title of Class of Securities)

 87316S203
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(CUSIP Number)

 July 23, 2003
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 (Date of Event Which Requires Filing of this Statement)

Check the  appropriate box to designate the rule pursuant to which this Schedule
13G is filed:                                                                   
[ ] Rule 13d-1(b)                               
[X] 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 ("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
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CUSIP No. 87316S203                                                             
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(1)     Names of Reporting Persons.  I.R.S. Identification Nos. of Above Persons
(entities only):                                                

Jonathan Gallen                                 
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(2)     Check the Appropriate Box if a Member of a Group (See Instructions)     

(a)                            (b)                          
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(3)     SEC Use Only                                                            
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(4)     Citizenship or Place of Organization:  United States                    
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Number of Shares Beneficially Owned by                                          
  Each Reporting Person With           (5) Sole Voting Power:         307,000*
                                      (6) Shared Voting Power:             0
                                       (7) Sole Dispositive Power:    307,000*
                                      (8) Shared Dispositive Power:        0

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(9)     Aggregate Amount Beneficially Owned by Each Reporting Person:           

307,000*                                                        
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(10)    Check if  the Aggregate Amount  in Row (9) Excludes Certain  Shares (See
Instructions):   N/A                                            
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(11)    Percent of Class Represented by Amount in Row (9):   5.1%*              
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(12)    Type of Reporting Person (See Instructions):    IA, IN                  
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*    As of July 23, 2003,  Ahab Partners, L.P. ("Ahab") and  Ahab International,
Ltd. ("International") held  in the aggregate 307,000 shares of the 9 3/4% Trust
Originated Preferred Securities (the "Shares") of TXU Europe Capital I. Jonathan
Gallen  possesses  sole power to vote and direct the  disposition  of all Shares
held by Ahab and  International.  Accordingly,  for the  purposes  of Rule 13d-3
under the Securities  Exchange Act of 1934, as amended,  Mr. Gallen is deemed to
beneficially  own  such  307,000  Shares,  or  5.1%  of the  Shares  issued  and
outstanding as of July 23, 2003.                                                

SC 13G
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Item 1(a).  Name Of Issuer:  TXU Europe Capital I                               

Item 1(b).  Address of Issuer's Principal Executive Offices:                    
  Energy Plaza, 1601 Bryan Street, Dallas, Texas  75201-3411

Item 2(a).  Name of Person Filing:  Jonathan Gallen*                            

Item 2(b).  Address  of  Principal  Business  Office  or,  if  None,  Residence:
450 Park Avenue, 28th Floor, New York, New York  10022  

Item 2(c).  Citizenship:  United States                                         

Item 2(d).  Title of Class of Securities:   9 3/4% Trust Originated Preferred   
Securities                                              

Item 2(e).  CUSIP No.:  87316S203                                               

Item 3.     If  This  Statement Is  Filed  Pursuant  to Sections 240.13d-1(b) or
  240.13d-2(b) or (c), check whether the Person Filing is a:

Not Applicable.                                         

Item 4.     Ownership                                                           

            (a)  Amount Beneficially Owned (as of July 23, 2003):       307,000*

         (b)  Percent of Class (as of July 23, 2003):                5.1%*

(c)  Number of Shares as to which the person has:       

               (i)   sole power to vote or to direct the vote           307,000*

        (ii)  shared power to vote or to direct the vote         0

(iii) sole power to dispose or to direct the      
                     disposition of                                     307,000*

(iv)  shared power to dispose or to direct the    
              disposition of                                     0

____________________                                                            
* As of July 23, 2003, Ahab Partners, L.P. ("Ahab") and Ahab International, Ltd.
("International")  held in the  aggregate  307,000  shares  of the 9 3/4%  Trust
Originated Preferred Securities (the "Shares") of TXU Europe Capital I. Jonathan
Gallen  possesses  sole power to vote and direct the  disposition  of all Shares
held by Ahab and  International.  Accordingly,  for the  purposes  of Rule 13d-3
under the Securities  Exchange Act of 1934, as amended,  Mr. Gallen is deemed to
beneficially  own  such  307,000  Shares,  or  5.1%  of the  Shares  issued  and
outstanding as of July 23, 2003.                                                

SC 13G
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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  or
Control Person                                              

Not Applicable.                                             

Item 8.   Identification and Classification of Members of the Group             

Not Applicable.                                             

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 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.      

SC 13G
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 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.                                                                        

                               July 29, 2003

                                    /s/Jonathan Gallen
                                                 -------------------------------
                                 Jonathan Gallen

Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001)

Dates Referenced Herein

				Referenced-On Page
This ‘SC 13G’ Filing		Date		First		Last			Other Filings
Filed as of:		8/1/03							None on these Dates
Filed on:		7/31/03
		7/29/03		5
		7/23/03		1		3
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