-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JDiSTVwMMYVtULxvYGBma/xXpNBleJcP7fXTatBhXtOHeEIzUW1ogS02Z1jPdJQx Yx8aGI1mCX3f3JTziTG7Qw== 0000769317-03-000001.txt : 20030114 0000769317-03-000001.hdr.sgml : 20030114 20030113105052 ACCESSION NUMBER: 0000769317-03-000001 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030113 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: 1838 BOND DEBENTURE TRADING FUND CENTRAL INDEX KEY: 0000030125 IRS NUMBER: 231745238 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-45784 FILM NUMBER: 03511747 BUSINESS ADDRESS: STREET 1: 100 MATSONFORD RD STE 320 STREET 2: FIVE RADNOR CORP CITY: RADNOR STATE: PA ZIP: 19087 BUSINESS PHONE: 2152934300 MAIL ADDRESS: STREET 1: 1100 NORTH MARKET ST STREET 2: 1100 NORTH MARKET ST CITY: WILMINGTON STATE: DE ZIP: 19801-1246 FORMER COMPANY: FORMER CONFORMED NAME: DREXEL INCOME SECURITIES INC DATE OF NAME CHANGE: 19711102 FORMER COMPANY: FORMER CONFORMED NAME: DREXEL BOND DEBENTURE TRADING FUND DATE OF NAME CHANGE: 19890511 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SIT INVESTMENT ASSOCIATES INC CENTRAL INDEX KEY: 0000769317 IRS NUMBER: 411404829 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 4600 NORWEST CENTER STREET 2: 90 SOUTH SEVENTH STREET CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 6123323223 MAIL ADDRESS: STREET 1: 4600 NORWEST CENTER STREET 2: 90 SOUTH SEVENTH STREET CITY: MINNEAPOLIS STATE: MN ZIP: 55402 SC 13G/A 1 bdf13gamend1.txt BDF 13G AMEND. 1; 1-10-03 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 ) 1838 Bond Debenture Trading Fund (BDF) - ------------------------------------------------------------------------ (Name of Issuer) Common Stock - ------------------------------------------------------------------------ (Title of Class of Securities) 282520105 - ------------------------------------------------------------------------ (CUSIP Number) December 31, 2002 - ------------------------------------------------------------------------ (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] 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). - ----------------------------- ------------------------------ CUSIP No. 282520105 13G Page 2 of 6 Pages - ----------------------------- ------------------------------ - ------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Sit Investment Associates, Inc. 41-1404829 - --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |___| (b) |_X_| - --------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of Minnesota - --------------------------------------------------------------------------- 5 SOLE VOTING POWER 39,200 NUMBER OF ------------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY ------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 39,200 PERSON ------------------------------------------------------- WITH 8 SHARED DISPOSITIVE POWER -0- - --------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 39,200 - -------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) Not Applicable - --------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.07% - --------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) Sit Investment Associates, Inc. (client accounts) IA - -------------------------------------------------------------------------- - ------------------------------ -------------------------- CUSIP No. 282520105 13G Page 3 of 6 Pages - ------------------------------ -------------------------- ITEM 1 (a) Name of Issuer: 1838 Bond Debenture Trading Fund ITEM 1 (b) Address of Issuer's Principal Executive Offices: 1100 North Market Street Wilmington, DE 19801-1246 ITEM 2 (a) Name of Person Filing: Sit Investment Associates, Inc. Sit Investment Associates, Inc. ("SIA") is an Investment Adviser registered under section 203 of the Investment Advisers Act of 1940. SIA has four subsidiaries, each of which are registered Investment Advisers: 1. Sit Investment Fixed Income Advisors ("SIFIA") 41-1845054 2. Sit/Kim International Investment Associates, Inc. ("SKI") 36-3627319 3. Sit Fixed Income Advisors II, LLC 41-1894024 4. Sit/Kim International Investment Associates II, LLC ("SKI II") 41-1918565 SIA is the Investment Advisor for twelve mutual funds (the "Funds") which are comprised of six registered investment companies, two of which consist of series funds as listed below. SIA has the voting power and dispositive power for all securities owned by SIA and the following twelve mutual funds. 1) Sit Mid Cap Growth Fund, Inc. 2) Sit Large Cap Growth Fund, Inc. 3) Sit U.S. Government Securities Fund, Inc. 4) Sit Money Market Fund, Inc. Sit Mutual Funds, Inc. 5) Sit International Growth Fund (series A) 6) Sit Balanced Fund (series B) 7) Sit Developing Markets Growth Fund (series C) 8) Sit Small Cap Growth fund (series D) 9) Sit Science and Technology Growth Fund (series E) Sit Mutual Funds II, Inc. 10) Sit Tax-Free Income Fund (series A) 11) Sit Minnesota Tax-Free Income Fund (series B) 12) Sit Bond Fund (series C) Of the affiliated entities indicated above, only SIA and its affiliates (client accounts) beneficially owned shares of the Issuer common stock as of December 31, 2002. - ------------------------------ -------------------------- CUSIP No. 282520105 13G Page 4 of 6 Pages - ------------------------------ -------------------------- ITEM 2 (b) Address of Principal Business Office or, if none, Residence: 4600 Wells Fargo Center 90 South Seventh Street Minneapolis, MN 55402 ITEM 2 (c) Citizenship: Minnesota Corporation ITEM 2 (d) Title of Class of Securities: Common Stock ITEM 2 (e) CUSIP Number: 282520105 ITEM 3 (e) (a) [ ] Broker or Dealer registered under Section 15 of the Act (b) [ ] Bank as defined in section 3(a)(6) of the Act (c) [ ] Insurance Company as defined in section 3(a)(19) of the Act (d) [ ] Investment company registered under section 8 of the Investment Company Act (e) [ X ] Investment Adviser registered under section 203 of the Investment Advisers Act of 1940. (f) [ ] Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund: see section 240.13d-1(b)(1)(ii)(F) (g) [ ] Parent Holding Company, in accordance with section 240.13d- 1(b)(ii)(G) (Note :see Item 7) (h) [ ] Group, in accordance with section 240.13d-1(b)(1)(ii)(H) ITEM 4 Ownership (a) Amount Beneficially Owned: Number of shares beneficially owned by each reporting person with sole voting power; and aggregate amount beneficially owned by each reporting person: SIA and Affiliates Ownership as of 12/31/02: Shares SIA (client accounts) 39,200 Total Shares Owned By SIA and Affiliated Entities 39,200 - ------------------------------ -------------------------- CUSIP No. 282520105 13G Page 5 of 6 Pages - ------------------------------ --------------------------- (b) Percent of Class: Outstanding as of 12/31/02: 3,673,000 SIA and Affiliates Ownership @ 12/31/02: % Owned SIA (client accounts) 1.07% Total Shares Owned By SIA and Affiliated Entities 1.07% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 39,200 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 39,200 (iv) Shared power to dispose or to direct the disposition of: 0 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 [ X ]. ITEM 6 Ownership of More than Five Percent on Behalf of Another Person: N/A ITEM 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: N/A ITEM 8 Identification and Classification of Members of the Group: N/A ITEM 9 Notice of Dissolution of Group: N/A - ------------------------------ --------------------------- CUSIP No. 282520105 13G Page 6 of 6 Pages - ------------------------------ --------------------------- 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 purposes of 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. SIT INVESTMENT ASSOCIATES, INC. Date: January 10, 2003 By: /s/ Paul E. Rasmussen Title: Vice President -----END PRIVACY-ENHANCED MESSAGE-----