SEC Info - Drake Associates Limited Partnership, et al. - ‘SC 13D/A’ on 5/3/99 re: Pocahontas Bancorp Inc

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Drake Associates Limited Partnership, et al. – ‘SC 13D/A’ on 5/3/99 re: Pocahontas Bancorp Inc

As of: Monday, 5/3/99 · Accession #: 950123-99-4046 · File #: 5-54227

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 5/03/99  Drake Associates LP               SC 13D/A               1:36K  Pocahontas Bancorp Inc            RR Donnelley/FA
          Anglo American Security Fund LP
          Aviation Services LP
          Butterfield Trust (Bermuda)/Lorraine G Grace
          Butterfield Trust (Bermuda)/Oliver R Grace Jr
          Diversified Long Term Growth Fund LP
          Drake Associates Limited Partnership
          FS (1994) LP
          Global Strategic Investment Holdings Inc
          J S Grace Jr LP
          Lorraine Marie Grace LP
          Obx Inc
          Sterling Grace Capital Management LP
          Victoria Alice Grace LP

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

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    Amendment No. 1 to Schedule 13D                       19     67K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Identity and Background Interest in Securities of the Issuer Is Hereby Amended as Follows: Is Hereby Amended to Include the Following: Source and Amount of Funds or Other Consideration
1	1st Page - Filing Submission
15	Item 2. Identity and Background
"	Item 2. Is Hereby Amended to Include the Following:
"	Item 3. Source and Amount of Funds or Other Consideration
"	Item 5. Interest in Securities of the Issuer
"	Item 5. Is Hereby Amended as Follows:

SC 13D/A 1st Page of 19 TOC ↑Top Previous Next ↓Bottom Just 1st
 
 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

 Under the Securities Exchange Act of 1934
(Amendment No. 1)*

POCAHONTAS BANCORP, INC.

(Name of Issuer)

 COMMON STOCK, PAR VALUE $0.01

(Title of Class of Securities)

 730234101

(CUSIP Number)

 THOMAS L. SEIFERT, ESQ.
515 MADISON AVENUE, SUITE 2000, NEW YORK, NY 10022
212-310-0543

 (Name, Address and Telephone Number of Person
 Authorized to Receive Notices and Communications)

APRIL 21, 1999

 (Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report 
the acquisition which is the subject of this Schedule 13D, and is filing this   
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check  
the following box [ ].                                                          

NOTE: Schedules filed in paper format shall include a signed original and five  
copies of the schedule, including all exhibits. See Section 240.13d-7(b) for    
other parties to whom copies are to be sent.                                    

* 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           
disclosures provided in a prior cover page.                                     

The information required on the remainder of this cover page shall not be deemed
to e "filed" for the purpose of Section 18 of the Securities 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 this Act (however, see the Notes).           

SC 13D/A 2nd Page of 19 TOC 1st Previous Next ↓Bottom Just 2nd
CUSIP NO. 730234101                                           Page 2 of 19 Pages

--------------------------------------------------------------------------------

1. NAME OF REPORTING PERSON                                                     
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                         

 Drake Associates L.P.
13-3476514
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                            
                                                                    (a)   [    ]
                                                                    (b)   [    ]
--------------------------------------------------------------------------------
3. S.E.C. USE ONLY                                                              

--------------------------------------------------------------------------------
4. SOURCE OF FUNDS*                                               WC            

--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS                              
   REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)                                [    ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION                           Delaware      

--------------------------------------------------------------------------------
           7. SOLE VOTING POWER                                  175,612

 NUMBER OF    ------------------------------------------------------------------
SHARES       8. SHARED VOTING POWER                                    -0-  
BENEFICIALLY                                                                    
 OWNED BY     ------------------------------------------------------------------
EACH       9. SOLE DISPOSITIVE POWER                             175,612
REPORTING                                                                     
PERSON WITH   ------------------------------------------------------------------
          10. SHARED DISPOSITIVE POWER                               -0-

--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                      
EACH REPORTING PERSON                                            175,612
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                    
  (11) EXCLUDES CERTAIN SHARES*                                        [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                   
  ROW (11)                                                             2.90%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*                                             PN    

--------------------------------------------------------------------------------
 * SEE INSTRUCTIONS BEFORE FILLING OUT

SC 13D/A 3rd Page of 19 TOC 1st Previous Next ↓Bottom Just 3rd
CUSIP NO. 730234101                                           Page 3 of 19 Pages

--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON                                                     
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                         

 Anglo American Security Fund L.P.
13-3316427
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                            
                                                                    (a)   [    ]
                                                                    (b)   [    ]
--------------------------------------------------------------------------------
3. S.E.C. USE ONLY                                                              

--------------------------------------------------------------------------------
4. SOURCE OF FUNDS*                                               WC            

--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS                              
   REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)                                [    ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION                       Delaware          

--------------------------------------------------------------------------------
            7. SOLE VOTING POWER                                    10,000

 NUMBER OF    ------------------------------------------------------------------
SHARES       8. SHARED VOTING POWER                                    -0-  
BENEFICIALLY                                                                    
 OWNED BY     ------------------------------------------------------------------
  EACH       9. SOLE DISPOSITIVE POWER                                10,000
REPORTING                                                                     
PERSON WITH   ------------------------------------------------------------------
          10. SHARED DISPOSITIVE POWER                               -0-

--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                      
 EACH REPORTING PERSON                                              10,000
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                    
    (11) EXCLUDES CERTAIN SHARES*                                          [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                   
 ROW (11)                                                            0.17%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*                                           PN      

--------------------------------------------------------------------------------
 * SEE INSTRUCTIONS BEFORE FILLING OUT

SC 13D/A 4th Page of 19 TOC 1st Previous Next ↓Bottom Just 4th
CUSIP NO. 730234101                                           Page 4 of 19 Pages

--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON                                                     
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                         

 Aviation Services, L.P.
11-3182441
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                            
                                                                    (a)   [    ]
                                                                    (b)   [    ]
--------------------------------------------------------------------------------
3. S.E.C. USE ONLY                                                              

--------------------------------------------------------------------------------
4. SOURCE OF FUNDS*                                               WC            

--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS                              
REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)                       [    ]      
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION                       Illinois          

--------------------------------------------------------------------------------
          7. SOLE VOTING POWER                                   7,500

 NUMBER OF    ------------------------------------------------------------------
SHARES       8. SHARED VOTING POWER                                  -0-    
BENEFICIALLY                                                                    
 OWNED BY     ------------------------------------------------------------------
EACH       9. SOLE DISPOSITIVE POWER                              7,500 
REPORTING                                                                     
PERSON WITH   ------------------------------------------------------------------
        10. SHARED DISPOSITIVE POWER                             -0-

--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                      
EACH REPORTING PERSON                                             7,500 
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                    
   (11) EXCLUDES CERTAIN SHARES*                                         [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                   
ROW (11)                                                          0.12% 
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*                                         PN        

--------------------------------------------------------------------------------
 * SEE INSTRUCTIONS BEFORE FILLING OUT

SC 13D/A 5th Page of 19 TOC 1st Previous Next ↓Bottom Just 5th
CUSIP NO. 730234101                                           Page 5 of 19 Pages

--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON                                                     
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                         

Diversified Long Term Growth Fund L.P.
13-3470412
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                            
                                                                    (a)   [    ]
                                                                    (b)   [    ]
--------------------------------------------------------------------------------
3. S.E.C. USE ONLY                                                              

--------------------------------------------------------------------------------
4. SOURCE OF FUNDS*                                               WC            

--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS                              
REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)                       [    ]      
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION                       Delaware          

--------------------------------------------------------------------------------
          7. SOLE VOTING POWER                                  20,000

 NUMBER OF    ------------------------------------------------------------------
SHARES       8. SHARED VOTING POWER                                  -0-    
BENEFICIALLY                                                                    
 OWNED BY     ------------------------------------------------------------------
EACH       9. SOLE DISPOSITIVE POWER                             20,000 
REPORTING                                                                     
PERSON WITH   ------------------------------------------------------------------
        10. SHARED DISPOSITIVE POWER                             -0-

--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                      
EACH REPORTING PERSON                                            20,000 
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                    
    (11) EXCLUDES CERTAIN SHARES*                                          [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                   
ROW (11)                                                         0.33%  
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*                                        PN         
--------------------------------------------------------------------------------
 * SEE INSTRUCTIONS BEFORE FILLING OUT

SC 13D/A 6th Page of 19 TOC 1st Previous Next ↓Bottom Just 6th
CUSIP NO. 730234101                                           Page 6 of 19 Pages

--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON                                                     
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                         

Global Strategic Investment Holdings, Inc.

--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                            
                                                                    (a)   [    ]
                                                                    (b)   [    ]
--------------------------------------------------------------------------------
3. S.E.C. USE ONLY                                                              

--------------------------------------------------------------------------------
4. SOURCE OF FUNDS*                                               WC            

--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS                              
   REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)                                [    ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION                       British Virgin    
                                                   Islands
--------------------------------------------------------------------------------
          7. SOLE VOTING POWER                                  25,000

 NUMBER OF    ------------------------------------------------------------------
SHARES       8. SHARED VOTING POWER                                 -0-     
BENEFICIALLY                                                                    
 OWNED BY     ------------------------------------------------------------------
EACH       9. SOLE DISPOSITIVE POWER                             25,000 
REPORTING                                                                     
PERSON WITH   ------------------------------------------------------------------
       10. SHARED DISPOSITIVE POWER                            -0-

--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                      
EACH REPORTING PERSON                                            25,000 
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                    
    (11) EXCLUDES CERTAIN SHARES*                                          [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                   
ROW (11)                                                         0.41%  
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*                                        CO         

--------------------------------------------------------------------------------
 * SEE INSTRUCTIONS BEFORE FILLING OUT

SC 13D/A 7th Page of 19 TOC 1st Previous Next ↓Bottom Just 7th
CUSIP NO. 730234101                                           Page 7 of 19 Pages

--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON                                                     
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                         

J.S. Grace, Jr. L.P.
13-3355102
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                            
                                                                    (a)   [    ]
                                                                    (b)   [    ]
--------------------------------------------------------------------------------
3. S.E.C. USE ONLY                                                              

--------------------------------------------------------------------------------
4. SOURCE OF FUNDS*                                               WC            

--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS                              
   REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)                                [    ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION                       New York          

--------------------------------------------------------------------------------
         7. SOLE VOTING POWER                                  7,500

 NUMBER OF    ------------------------------------------------------------------
SHARES       8. SHARED VOTING POWER                                 -0-     
BENEFICIALLY                                                                    
 OWNED BY     ------------------------------------------------------------------
EACH       9. SOLE DISPOSITIVE POWER                             7,500  
REPORTING                                                                     
PERSON WITH   ------------------------------------------------------------------
       10. SHARED DISPOSITIVE POWER                            -0-

--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                      
EACH REPORTING PERSON                                            7,500  
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                    
    (11) EXCLUDES CERTAIN SHARES*                                          [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                   
ROW (11)                                                         0.12%  
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*                                        PN         

--------------------------------------------------------------------------------
 * SEE INSTRUCTIONS BEFORE FILLING OUT

SC 13D/A 8th Page of 19 TOC 1st Previous Next ↓Bottom Just 8th
CUSIP NO. 730234101                                           Page 8 of 19 Pages

--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON                                                     
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                         

 Lorraine Marie Grace L.P.
58-2223817
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                            
                                                                    (a)   [    ]
                                                                    (b)   [    ]
--------------------------------------------------------------------------------
3. S.E.C. USE ONLY                                                              

--------------------------------------------------------------------------------
4. SOURCE OF FUNDS*                                               WC            

--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS                              
   REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)                                [    ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION                       Delaware          

--------------------------------------------------------------------------------
         7. SOLE VOTING POWER                                  7,500

 NUMBER OF    ------------------------------------------------------------------
SHARES       8. SHARED VOTING POWER                                 -0-     
BENEFICIALLY                                                                    
 OWNED BY     ------------------------------------------------------------------
EACH       9. SOLE DISPOSITIVE POWER                             7,500  
REPORTING                                                                     
PERSON WITH   ------------------------------------------------------------------
       10. SHARED DISPOSITIVE POWER                            -0-

--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                      
EACH REPORTING PERSON                                            7,500  
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                    
    (11) EXCLUDES CERTAIN SHARES*                                          [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                   
ROW (11)                                                         0.12%  
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*                                        PN         

--------------------------------------------------------------------------------
 * SEE INSTRUCTIONS BEFORE FILLING OUT

SC 13D/A 9th Page of 19 TOC 1st Previous Next ↓Bottom Just 9th
CUSIP NO. 730234101                                           Page 9 of 19 Pages

--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON                                                     
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                         

 Sterling Grace Capital Management, L.P.
13-3354180
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                            
                                                                    (a)   [    ]
                                                                    (b)   [    ]
--------------------------------------------------------------------------------
3. S.E.C. USE ONLY                                                              

--------------------------------------------------------------------------------
4. SOURCE OF FUNDS*                                               WC            

--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS                              
   REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)                                [    ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION                       Delaware          

--------------------------------------------------------------------------------
          7. SOLE VOTING POWER                                  30,000

 NUMBER OF    ------------------------------------------------------------------
SHARES       8. SHARED VOTING POWER                                  -0-    
BENEFICIALLY                                                                    
 OWNED BY     ------------------------------------------------------------------
EACH       9. SOLE DISPOSITIVE POWER                             30,000 
REPORTING                                                                     
PERSON WITH   ------------------------------------------------------------------
        10. SHARED DISPOSITIVE POWER                             -0-

--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                      
EACH REPORTING PERSON                                            30,000 
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                    
    (11) EXCLUDES CERTAIN SHARES*                                          [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                   
ROW (11)                                                         0.50%  
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*                                        PN         

--------------------------------------------------------------------------------
 * SEE INSTRUCTIONS BEFORE FILLING OUT

SC 13D/A 10th Page of 19 TOC 1st Previous Next ↓Bottom Just 10th
CUSIP NO. 730234101                                          Page 10 of 19 Pages

--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON                                                     
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                         

 Victoria Alice Grace L.P.
58-2223806
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                            
                                                                    (a)   [    ]
                                                                    (b)   [    ]
--------------------------------------------------------------------------------
3. S.E.C. USE ONLY                                                              

--------------------------------------------------------------------------------
4. SOURCE OF FUNDS*                                               WC            

--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS                              
   REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)                                [    ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION                       Delaware          

--------------------------------------------------------------------------------
         7. SOLE VOTING POWER                                  7,500

 NUMBER OF    ------------------------------------------------------------------
SHARES       8. SHARED VOTING POWER                                 -0-     
BENEFICIALLY                                                                    
 OWNED BY     ------------------------------------------------------------------
EACH       9. SOLE DISPOSITIVE POWER                             7,500  
REPORTING                                                                     
PERSON WITH   ------------------------------------------------------------------
       10. SHARED DISPOSITIVE POWER                            -0-

--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                      
EACH REPORTING PERSON                                            7,500  
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                    
    (11) EXCLUDES CERTAIN SHARES*                                          [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                   
ROW (11)                                                         0.12%  
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*                                        PN         

--------------------------------------------------------------------------------
 * SEE INSTRUCTIONS BEFORE FILLING OUT

SC 13D/A 11th Page of 19 TOC 1st Previous Next ↓Bottom Just 11th
CUSIP NO. 730234101                                          Page 11 of 19 Pages

--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON                                                     
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                         

 Butterfield Trust (Bermuda)Limited as Trustee
 of Trust # 1487 FBO Lorraine G. Grace
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                            
                                                                    (a)   [    ]
                                                                    (b)   [    ]
--------------------------------------------------------------------------------
3. S.E.C. USE ONLY                                                              

--------------------------------------------------------------------------------
4. SOURCE OF FUNDS*                                               WC            

--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS                              
   REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)                                [    ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION                       Bermuda           

--------------------------------------------------------------------------------
           7. SOLE VOTING POWER                                  145,367

 NUMBER OF    ------------------------------------------------------------------
SHARES       8. SHARED VOTING POWER                                  -0-    
BENEFICIALLY                                                                    
 OWNED BY     ------------------------------------------------------------------
EACH       9. SOLE DISPOSITIVE POWER                             145,367
REPORTING                                                                     
PERSON WITH   ------------------------------------------------------------------
        10. SHARED DISPOSITIVE POWER                             -0-

--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                      
EACH REPORTING PERSON                                            145,367
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                    
    (11) EXCLUDES CERTAIN SHARES*                                          [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                   
ROW (11)                                                         2.40%  
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*                                        OO         

--------------------------------------------------------------------------------
 * SEE INSTRUCTIONS BEFORE FILLING OUT

SC 13D/A 12th Page of 19 TOC 1st Previous Next ↓Bottom Just 12th
CUSIP NO. 730234101                                          Page 12 of 19 Pages

--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON                                                     
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                         

Butterfield Trust (Bermuda) Limited as Trustee
of Trust # 1550 FBO Oliver R. Grace, Jr.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                            
                                                                    (a)   [    ]
                                                                    (b)   [    ]
--------------------------------------------------------------------------------
3. S.E.C. USE ONLY                                                              

--------------------------------------------------------------------------------
4. SOURCE OF FUNDS*                                               WC            

--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS                              
REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)                       [    ]      
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION                       Bermuda           

--------------------------------------------------------------------------------
          7. SOLE VOTING POWER                                  65,245

 NUMBER OF    ------------------------------------------------------------------
SHARES       8. SHARED VOTING POWER                                 -0-     
BENEFICIALLY                                                                    
 OWNED BY     ------------------------------------------------------------------
EACH       9. SOLE DISPOSITIVE POWER                             65,245 
REPORTING                                                                     
PERSON WITH   ------------------------------------------------------------------
       10. SHARED DISPOSITIVE POWER                            -0-

--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                      
EACH REPORTING PERSON                                            65,245 
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                    
    (11) EXCLUDES CERTAIN SHARES*                                          [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                   
ROW (11)                                                         1.08%  
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*                                        OO         

--------------------------------------------------------------------------------
 * SEE INSTRUCTIONS BEFORE FILLING OUT

SC 13D/A 13th Page of 19 TOC 1st Previous Next ↓Bottom Just 13th
CUSIP NO. 730234101                                          Page 13 of 19 Pages

--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON                                                     
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                         

FS (1994) L.P.
11-3239125
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                            
                                                                    (a)   [    ]
                                                                    (b)   [    ]
--------------------------------------------------------------------------------
3. S.E.C. USE ONLY                                                              

--------------------------------------------------------------------------------
4. SOURCE OF FUNDS*                                               WC            

--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS                              
REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)                       [    ]      
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION                       Delaware          

--------------------------------------------------------------------------------
         7. SOLE VOTING POWER                                  7,000

 NUMBER OF    ------------------------------------------------------------------
SHARES       8. SHARED VOTING POWER                                  -0-    
BENEFICIALLY                                                                    
 OWNED BY     ------------------------------------------------------------------
EACH       9. SOLE DISPOSITIVE POWER                             7,000  
REPORTING                                                                     
PERSON WITH   ------------------------------------------------------------------
        10. SHARED DISPOSITIVE POWER                             -0-

--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                      
EACH REPORTING PERSON                                            7,000  
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                    
    (11) EXCLUDES CERTAIN SHARES*                                          [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                   
ROW (11)                                                         0.12%  
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*                                        PN         

--------------------------------------------------------------------------------
 * SEE INSTRUCTIONS BEFORE FILLING OUT

SC 13D/A 14th Page of 19 TOC 1st Previous Next ↓Bottom Just 14th
CUSIP NO. 730234101                                          Page 14 of 19 Pages

--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON                                                     
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                         

 OBX, Inc.
11-3089277
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                            
                                                                    (a)   [    ]
                                                                    (b)   [    ]
--------------------------------------------------------------------------------
3. S.E.C. USE ONLY                                                              

--------------------------------------------------------------------------------
4. SOURCE OF FUNDS*                                               WC            

--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS                              
   REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)                                [    ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION                       Delaware          

--------------------------------------------------------------------------------
         7. SOLE VOTING POWER                                  7,500

 NUMBER OF    ------------------------------------------------------------------
SHARES       8. SHARED VOTING POWER                                  -0-    
BENEFICIALLY                                                                    
 OWNED BY     ------------------------------------------------------------------
EACH       9. SOLE DISPOSITIVE POWER                             7,500  
REPORTING                                                                     
PERSON WITH   ------------------------------------------------------------------
        10. SHARED DISPOSITIVE POWER                             -0-

--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY                                      
EACH REPORTING PERSON                                            7,500  
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW                                    
    (11) EXCLUDES CERTAIN SHARES*                                          [ X ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN                                   
ROW (11)                                                         0.12%  
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*                                        CO         

--------------------------------------------------------------------------------
 * SEE INSTRUCTIONS BEFORE FILLING OUT

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CUSIP NO. 730234101                                          Page 15 of 19 Pages

    This filing is Amendment Number 1 to the Schedule 13D filed by the
Registrants on June 22, 1998, which is incorporated herein by reference.        

ITEM 2. IDENTITY AND BACKGROUND                                                 

Item 2 is hereby amended to include the following:            

     (e) Global Investment Holding Fund, Inc. changed its name to Global
Strategic Investment Holdings, Inc. ("Global") effective July 3, 1998.          

       (k) FS (1994) L.P. ("FSLP") is a Delaware limited partnership engaged
in the business of investing in securities. FSLP's principal business address is
55 Brookville Road, Glen Head, New York 11545.                                  

        FSLP's general partner is Frank's Sports Corp. ("Frank's"), a Delaware
corporation engaged in the business of investing in securities. Its principal   
business address is 55 Brookville Road, Glen Head, New York 11545. Oliver R.    
Grace, Jr. is the sole officer and director. The stockholders of Frank's are the
seven children of Oliver R. Grace, Jr.                                          

         (l) OBX, Inc. ("OBX") is a Delaware corporation engaged in the business
of making charitable contributions. OBX's principal business address is 55      
Brookville Road, Glen Head, New York 11545. Oliver R. Grace, Jr. is President,  
Treasurer and sole stockholder of OBX.                                          

ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION                       

Item 3 is hereby amended to include the following:            

         The aggregate purchase price of the 14,500 shares owned by FSLP and OBX
was approximately $99,892. The shares were paid for out of working capital. In  
each case, funds available in standard margin accounts maintained by each such  
Registrant were used.                                                           

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER                                    

Item 5 is hereby amended as follows:                          

       Registrants believe that 6,059,044 shares of the Issuer are presently
issued and outstanding.                                                         

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CUSIP NO. 730234101                                          Page 16 of 19 Pages

      (a) The Registrants beneficially own an aggregate of 515,724 shares,
representing approximately 8.51% of the shares issued and outstanding. Reference
is made to the second cover pages attached hereto for the number of shares      
beneficially owned by each of the Registrants.                                  

       (b) The Registrants have the sole power to vote or to direct the vote
and sole power to dispose or to direct to dispose 515,724 shares indicated in   
Item 5(a). Reference is made to each of the second cover pages for the number of
shares in respect of each Registrant.                                           

      (c) Within the past 60 days Registrants have purchased shares in the
amounts and at the per share prices set forth below.                            

                                                                [Download Table]
                                          Amount of       Price              
                                           Shares          Per      Aggregate
     Buyer                    Date        Purchased       Share       Price  
     -----                    ----        ---------       -----       -----  
                                                                             
OBX, Inc.                  04/09/99         7,500       $   7.00      $52,800

FS (1994) L.P.             04/21/99         7,000       $   6.73      $47,092

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CUSIP NO. 730234101                                          Page 17 of 19 Pages

SIGNATURES

        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: April 30, 1999                     DRAKE ASSOCIATES, L.P.                

                         By: /S/ JOHN S. GRACE
                                           ---------------------------------
                              Name:  John S. Grace
                                           Title: Chairman, Associated Asset
                                             Management, Inc., its
                                       General Partner

Dated: April 30, 1999                     ANGLO AMERICAN SECURITY FUND L.P.     

                         By: /S/ JOHN S. GRACE
                                             -----------------------------------
                              Name:  John S. Grace
                                Title: General Partner

Dated: April 30, 1999                     AVIATION SERVICES, L.P.               

                         By: /S/ LOLA N. GRACE
                                             -----------------------------------
                              Name:  Lola N. Grace
                                Title: General Partner

Dated: April 30, 1999                     DIVERSIFIED LONG TERM GROWTH FUND L.P.

                         By: /S/ JOHN S. GRACE
                                             -----------------------------------
                              Name:  John S. Grace
                                           Title: Chairman, Associated Asset
                                             Management, Inc., its
                                       General Partner

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CUSIP No. 730234101                                          Page 18 of 19 Pages

Dated: April 30, 1999                 GLOBAL STRATEGIC INVESTMENT HOLDINGS, INC.

              By: /S/ KEN MORGAN
                                         ---------------------------------------
             Name:  Ken Morgan
                       Title: Executive Officer of
                                      Woodbourne Corporation (BVI)
                            Ltd., its Director

Dated: April 30, 1999                 J. S. GRACE, JR. L.P.                     

                 By: /S/ JOHN S. GRACE
                                         ---------------------------------------
                      Name:  John S. Grace
                                       Title: President, John S. Grace, Jr.,
                                         Inc., its General Partner

Dated: April 30. 1999                 LORRAINE MARIE GRACE L.P.                 

                 By: /S/ JOHN S. GRACE
                                         ---------------------------------------
                      Name:  John S. Grace
                                  Title: President, Lorraine Marie
                                        Grace, Inc., its General
                       Partner

Dated: April 30, 1999                 STERLING GRACE CAPITAL MANAGEMENT, L.P.   

                 By: /S/ JOHN S. GRACE
                                         ---------------------------------------
                      Name:  John S. Grace
                                  Title: President, Sterling Grace
                                          Corp., its General Partner

Dated: April 30, 1999                 VICTORIA ALICE GRACE, L.P.                

                 By: /S/ JOHN S. GRACE
                                         ---------------------------------------
                      Name:  John S. Grace
                                  Title: President, Victoria Alice
                                        Grace, Inc., its General
                       Partner

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CUSIP No. 730234101                                          Page 19 of 19 Pages

Dated: April 30, 1999                 BUTTERFIELD TRUST (BERMUDA) LIMITED       
                                   AS TRUSTEE OF TRUST # 1487 FBO LORRAINE
                                   G. GRACE AND AS TRUSTEE OF TRUST # 1550
                    FBO OLIVER R. GRACE, JR.

                   By: /S/ ROBIN A. BARNES
                                         ---------------------------------------
                       Name: Robin A. Barnes
                          Title: Managing Director

Dated: April 30, 1999                 FS (1994)L.P.                             

                        By: /S/ Oliver R. Grace, Jr.
                                         ---------------------------------------
                            Name: Oliver R. Grace, Jr.
                                  Title: President, Frank's Sports
                                          Corp., its General Partner

Dated: April 30, 1999                 OBX, INC.                                 

                        By: /S/ Oliver R. Grace, Jr.
                                         ---------------------------------------
                            Name: Oliver R. Grace, Jr.
                  Title: President

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘SC 13D/A’ Filing	Date	First	Last	Other Filings

Filed on:	5/3/99
	4/30/99	17	19
	4/21/99	1
	7/3/98	15
	6/22/98	15		SC 13D
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Drake Associates Limited Partnership, et al. – ‘SC 13D/A’ on 5/3/99 re: Pocahontas Bancorp Inc

As of: Monday, 5/3/99 · Accession #: 950123-99-4046 · File #: 5-54227

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Amendment to General Statement of Beneficial Ownership — Schedule 13DFiling Table of Contents

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Dates Referenced Herein and Documents Incorporated by Reference

Amendment to General Statement of Beneficial Ownership — Schedule 13D
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