SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)
Texas Pacific Land Trust
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(Name of Issuer)
Sub-Share Certificates in Certificates of Proprietary Interest
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(Title of Class of Securities)
882610108
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(CUSIP Number)
Michael S. Paquette
Vice President and Controller
Fund American Enterprises Holdings, Inc.
80 South Main Street
Hanover, New Hampshire 03755
(603) 643-1567
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
March 1, 1996
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(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 Rule 13d-1(b)(3) or (4), check the following box _____.
Check the following box if a fee is being paid with this statement _____.
(A fee is not required only if the reporting 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 re-porting beneficial ownership of five percent or less of
such class. See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom copies
are to be sent.
CUSIP NO. 882610108
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(1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above
Person
Fund American Enterprises Holdings, Inc.
94-2708455
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(2) Check the Appropriate Box if a Member (a) _______________________
of a Group (See Instructions)
(b) _______________________
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(3) (SEC Use Only)
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(4) Source of Funds (See Instructions) N/A
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d)
or 2(e)
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(6) Citizenship or Place of Organization Delaware
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Number of Sub-Shares (7) Sole Voting Power
Beneficially Owned -----------------
by Each Reporting
Person With (8) Shared Voting Power
-------------------
183,600
(9) Sole Dispositive Power
----------------------
(10) Shared Dispositive Power
------------------------
183,600
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
183,600
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Sub-Shares (See
Instructions)
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(13) Percent of Class Represented by Amount in Row (11) Approximately 6.0%
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(14) Type of Reporting Person (See Instructions) HC, CO
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CUSIP NO. 882610108
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(1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above
Person
Fund American Enterprises, Inc.
51-0328932
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(2) Check the Appropriate Box if a Member (a) _______________________
of a Group (See Instructions)
(b) _______________________
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(3) (SEC Use Only)
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(4) Source of Funds (See Instructions) N/A
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d)
or 2(e)
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(6) Citizenship or Place of Organization Delaware
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Number of Sub-Shares (7) Sole Voting Power
Beneficially Owned -----------------
by Each Reporting
Person With (8) Shared Voting Power
-------------------
123,600
(9) Sole Dispositive Power
----------------------
(10) Shared Dispositive Power
------------------------
123,600
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
123,600
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Sub-Shares (See
Instructions)
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(13) Percent of Class Represented by Amount in Row (11) Approximately 4.0%
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(14) Type of Reporting Person (See Instructions) CO
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CUSIP NO. 882610108
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(1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above
Person
White Mountains Holdings, Inc.
02-0477315
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(2) Check the Appropriate Box if a Member (a) _______________________
of a Group (See Instructions)
(b) _______________________
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(3) (SEC Use Only)
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(4) Source of Funds (See Instructions) N/A
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d)
or 2(e)
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(6) Citizenship or Place of Organization Delaware
--------
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Number of Sub-Shares (7) Sole Voting Power
Beneficially Owned -----------------
by Each Reporting
Person With (8) Shared Voting Power
-------------------
60,000
(9) Sole Dispositive Power
----------------------
(10) Shared Dispositive Power
------------------------
60,000
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
60,000
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Sub-Shares (See
Instructions)
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(13) Percent of Class Represented by Amount in Row (11) Approximately 2.0%
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(14) Type of Reporting Person (See Instructions) HC, CO
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ONLY ITEMS REPORTED IN THIS AMENDMENT NO. 4 TO SCHEDULE 13D ARE AMENDED FROM THE
FILING ON SCHEDULE 13D FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JULY
3, 1995, AS AMENDED BY AMENDMENT NO. 1 ON SEPTEMBER 8, 1995, AMENDMENT NO. 2 ON
OCTOBER 4, 1995 AND AMENDMENT NO. 3 ON FEBRUARY 9, 1996. ALL OTHER ITEMS REMAIN
UNCHANGED. UNLESS OTHERWISE SPECIFIED, ALL DEFINED TERMS USED HEREIN HAVE THE
MEANING PREVIOUSLY ASCRIBED TO THEM IN THE SCHEDULE 13D.
Item 4. Purpose of Transaction.
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(a) Sales by FAE outlined in Schedule II, attached hereto, and
incorporated herein by reference, were made in the ordinary course of business
and not for the purpose or effect of changing or influencing the control of TPL
or in connection with, or as a participant in, any transaction having such
purpose or effect.
Item 5. Interest in Securities of the Issuer.
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(a) FAEH owns 123,600 Sub-Shares indirectly through FAE and 60,000 Sub-
Shares indirectly through WMH and certain of WMH's direct and indirect wholly-
owned subsidiaries. The aggregate number of Sub-Shares and the corresponding
percentage of the outstanding Sub-Shares such number represents is as follows:
Percentage of
Sub-Shares Sub-Shares
Beneficially Beneficially
Person Owned Owned
- --------------- ------------ -------------
FAEH 183,600 6.0%
FAE 123,600 4.0%
WMH * 60,000 2.0%
* WMH and certain of its direct and indirect wholly owned subsidiaries.
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(b) FAEH shares voting power and dispositive power with respect to 123,600
Sub-Shares with FAE and 60,000 Sub-Shares with WMH and certain of WMH's direct
and indirect wholly owned subsidiaries.
(c) Schedule II, attached hereto, describes all transactions by FAEH, FAE,
WMH and certain of WMH's direct and indirect wholly owned subsidiaries, and to
the best knowledge of FAEH, FAE and WMH, any of the persons listed on Schedule
I, in Sub-Shares effected during the past 60 days.
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SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: March 11, 1996
FUND AMERICAN ENTERPRISES HOLDINGS, INC.
BY: /s/
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Name: Michael S. Paquette
Title: Vice President and Controller
FUND AMERICAN ENTERPRISES, INC.
BY: /s/
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Name: Terry L. Baxter
Title: President and Secretary
WHITE MOUNTAINS HOLDINGS, INC.
BY: /s/
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Name: Michael S. Paquette
Title: Vice President and Controller
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SCHEDULE II TO SCHEDULE 13D
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Sales of Sub-Share Certificates in Certificates of Proprietary
Interest of Texas Pacific Land Trust by the Reporting Persons and by persons
listed in Schedule I, within the last 60 days.
Sold by Date Number Sold Unit Price
- --------- -------- ----------- ----------
FAE 02/08/96 11,000 31.4159
FAE 02/09/96 11,400 30.4057
FAE 02/12/96 7,800 30.0529
FAE 02/13/96 600 30.00
FAE 02/15/96 6,500 30.0519
FAE 02/16/96 900 30.0139
FAE 02/20/96 3,000 30.0833
FAE 02/21/96 3,900 30.0865
FAE 02/22/96 2,000 30.1875
FAE 02/23/96 700 30.0714
FAE 02/26/96 1,000 30.00
FAE 02/27/96 1,300 30.1923
FAE 02/28/96 800 30.125
FAE 02/29/96 300 30.00
FAE 03/01/96 1,900 30.0658
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