Securities and Exchange Commission

                                      Washington, D.C.  20549


                                           Schedule 13G

                             Under the Securities Exchange Act of 1934

                                          Amendment No. 1

                                          WHX Corporation
                                          (Name of Issuer)


                                    Common Stock $.01 Par Value
                                  (Title of Class of Securities)


                                             929248102
                                          (Cusip Number)





1)      Names of Reporting Persons           Dewey Square Investors Corp.
        S.S. or I.R.S. Identification
        Nos. of Above Persons                        04-3038940


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


3)      SEC Use Only


4)      Citizenship or Place of              Delaware
        Organization


Number of Shares Beneficially          5)   Sole Voting Power         2,680,126
Owned By Each Reporting                6)   Shared Voting Power            0
 Person With                           7)   Sole Dispositive Power    2,680,126
                                       8)   Shared Dispositive Power       0

9)      Aggregate Amount Beneficially       2,680,126*
        Owned by Each Reporting Person

* Includes 688,221 shares subject to issuance at any time upon conversion of
Preferred Stock of the issuer which is owned by the reporting person.

10)     Check if the Aggregate Amount
        in Row (9) Excludes Certain Shares
        (See Instructions)

11)     Percent of Class Represented        10.4%
        by Amount in Row 9

12)     Type of Reporting Person            IA
        (See Instructions)





                                Securities and Exchange Commission
                                      Washington, D.C.  20549

                                 Schedule 13G Under The Securities
                                       Exchange Act of 1934

                                          Amendment No. 1

Item 1.

        (a)    Name of Issuer:        WHX Corporation

        (b)    Address of Issuer's    110 East 59th Street
               Principal Executive    New York, NY 10022
               Offices:

Item 2.

        (a)    Name of Person         Dewey Square Investors Corporation
               Filing:

        (b)    Address of Principal          One Financial Center
               Business Office or, if        Boston, MA  02111
               none, Residence:

        (c)    Citizenship:                  Delaware

        (d)    Title of Class
               of Securities:                Common Stock, $.01 Par Value

        (e)    CUSIP No:                     929248102

Item 3.

        This statement is filed pursuant to Rule 13d-1(b).  The person filing
        is an Investment Advisor registered under section 203 of the Investment
        Advisors Act of 1940.

Item 4. Ownership

        (a)    Amount Beneficially Owned:    2,680,126*

        (b)    Percent of Class:             10.4%

        (c)    Number of Shares as to which such person has:
                    (i)    Sole Power to Vote or to Direct the Vote - 2,680,126
                    (ii)   Shared Power to Vote or to Direct the Vote - 0
                    (iii)  Sole Power to Dispose or to Direct the
                           Disposition of: - 2,680,126
                    (iv)   Shared Power to Dispose or to Direct the
                           Disposition of: - 0

* Includes 688,221 shares subject to issuance at any time upon conversion of
  Preferred Stock of the issuer which is owned by the reporting person.

Item 5. Ownership of Five Percent or Less of a Class.

                    If this statement is being filed to report the fact that
                    as of the date hereof the reporting person has ceased to
                    be the beneficial owner of more than five percent of the
                    class of securities, check the following
                    / /.

Item 6. Ownership of More than Five Percent on Behalf of Another Person:

                    All securities reported upon in this schedule were
                    acquired for the benefit of investment advisory clients
                    of Dewey Square Investors Corporation and such clients
                    have the right to receive the dividends from or the
                    proceeds from the sale of such securities.  None of such
                    clients has an interest in more than five percent of the
                    class of securities reported upon.

Item 7. Identification and Classification of the Subsidiary Which has Acquired
        the Security Being Reported on by the Parent Holding Company:

                    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 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 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:  February 11, 1997

        DEWEY SQUARE INVESTORS
        CORPORATION


        By: /s/ Marilyn R. Stegner
 	    Signature
           
 
      Name: Marilyn R. Stegner      
     Title: Treasurer