-----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, Qb+W69zxWQ2NfUN6KcXOiOnsj99IFtVfe3Wvf5W26IE/eFWmIptyP1r2H1KtUjAU Bo9F6jHFhIpr64FrxGBJXQ== 0000950137-00-001024.txt : 20000317 0000950137-00-001024.hdr.sgml : 20000317 ACCESSION NUMBER: 0000950137-00-001024 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20000316 GROUP MEMBERS: AON ADVISORS, INC. GROUP MEMBERS: AON CORP GROUP MEMBERS: AON CORPORATION GROUP MEMBERS: COMBINED INSURANCE COMPANY OF AMERICA GROUP MEMBERS: VIRGINIA SURETY COMPANY, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ACM GOVERNMENT OPPORTUNITY FUND INC CENTRAL INDEX KEY: 0000834933 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133479663 STATE OF INCORPORATION: MD FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-50925 FILM NUMBER: 571036 BUSINESS ADDRESS: STREET 1: ALLIANCE CAPITAL MGMT LP STREET 2: 1345 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 BUSINESS PHONE: 2129692127 MAIL ADDRESS: STREET 1: ALLIANCE CAPITAL MANAGEMENT LP STREET 2: 1345 AVENUE OF THE AMERICAS 31ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10105 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AON CORP CENTRAL INDEX KEY: 0000315293 STANDARD INDUSTRIAL CLASSIFICATION: ACCIDENT & HEALTH INSURANCE [6321] IRS NUMBER: 363051915 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 123 N WACKER DR CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3127013000 FORMER COMPANY: FORMER CONFORMED NAME: COMBINED INTERNATIONAL CORP DATE OF NAME CHANGE: 19870504 SC 13D/A 1 AMENDMENT #2 TO SCHEDULE 13D 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (RULE 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13D-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(a) (AMENDMENT NO. 2) ACM Government Opportunity Fund, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 000918 102 - -------------------------------------------------------------------------------- (CUSIP Number) Michael A. Conway Aon Advisors, Inc. 123 North Wacker Drive Chicago, Illinois 60606 (312) 701-3000 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 7, 2000 - -------------------------------------------------------------------------------- (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 / /. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. (Continued on following pages) PAGE 1 OF 8 2 CUSIP NO. 000918 102 SCHEDULE 13D PAGE 2 OF 8 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) AON CORPORATION 36-3051915 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) Not Applicable - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER 0 SHARES ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER 4,635,536 OWNED BY ----------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER 0 REPORTING ----------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 4,635,536 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,635,536 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 35.5% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) HC, CO - -------------------------------------------------------------------------------- 3 CUSIP NO. 000918 102 SCHEDULE 13D PAGE 3 OF 8 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) AON ADVISORS, INC. 54-1392321 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) Not Applicable - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Virginia - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER 0 SHARES ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER 4,635,536 OWNED BY ----------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER 0 REPORTING ----------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 4,635,536 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,635,536 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 35.5% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) IA, CO - -------------------------------------------------------------------------------- 4 CUSIP NO. 000918 102 SCHEDULE 13D PAGE 4 OF 8 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) COMBINED INSURANCE COMPANY OF AMERICA 36-2136262 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) 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 - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER 0 SHARES ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER 4,552,708 OWNED BY ----------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER 0 REPORTING ----------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 4,552,708 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,552,708 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 34.8% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) IC, CO - -------------------------------------------------------------------------------- 5 CUSIP NO. 000918 102 SCHEDULE 13D PAGE 5 OF 8 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) VIRGINIA SURETY COMPANY, INC. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) 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 - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER 0 SHARES ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER 82,828 OWNED BY ----------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER 0 REPORTING ----------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 82,828 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 82,828 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) IC, CO - -------------------------------------------------------------------------------- 6 CUSIP NO. 000918 102 This Amendment No. 2 (this "Amendment") amends and supplements the Schedule 13D filed with the Securities and Exchange Commission on December 10, 1999 (the "Schedule 13D") by Aon Corporation, a Delaware corporation ("Aon"), Aon Advisors, Inc., a Virginia corporation ("Advisors"), Combined Insurance Company of America, an Illinois corporation ("CICA"), and Virginia Surety Company, an Illinois corporation ("VSC", and together with Aon, Advisors and CICA, the "Filing Persons"). The Schedule 13D and this Amendment relate to the Common Stock (the "Common Stock") of ACM Government Opportunity Fund, Inc. (the "Issuer"). Capitalized terms used but not defined herein have the meanings ascribed to such terms in the Schedule 13D. Item 7 of the Schedule 13D is hereby amended and restated in its entirety as follows: Page 6 of 8 7 ITEM 7. MATERIAL TO BE FILED AS EXHIBITS A. Investment Advisory Agreement dated May 1, 1992 between Aon Advisors and CICA (incorporated by reference to the Schedule 13D filed by the Filing Persons on December 10, 1999) B. Investment Advisory Agreement dated May 1, 1992 between Aon Advisors and VSC (incorporated by reference to the Schedule 13D filed by the Filing Persons on December 10, 1999) C. Joint Filing Agreement dated December 10, 1999 among each of the Filing Persons (incorporated by reference to the Schedule 13D filed by the Filing Persons on December 10, 1999) D. Letter from CICA and VSC to the Issuer dated December 27, 1999 (incorporated by reference to Amendment No. 1 to the Schedule 13D filed by the Filing Persons on December 27, 1999) E. Letter from CICA and VSC to the Issurer dated March 7, 2000 Page 7 of 8 8 SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. AON CORPORATION Date: March 16, 2000 /s/ Michael A. Conway - ------------------------ By: Michael A. Conway Its: Senior Vice President and Senior Investment Officer AON ADVISORS, INC. Date: March 16, 2000 /s/ Michael A. Conway - ------------------------ By: Michael A. Conway President COMBINED INSURANCE COMPANY OF AMERICA Date: March 16, 2000 /s/ Michael A. Conway - ------------------------ By: Michael A. Conway Senior Vice President VIRGINIA SURETY COMPANY, INC. Date: March 16, 2000 /s/ Michael A. Conway - ------------------------ By: Michael A. Conway Senior Vice President Page 8 of 8 EX-99.E 2 LETTER FROM CICA AND VSC TO THE ISSURER DTD 3/7/00 1 [LETTERHEAD OF AON CORPORATION] 123 North Wacker Drive Chicago, Illinois 60606 March 7, 2000 ACM Government Opportunity Fund, Inc. 1345 Avenue of the Americas Suite 3100 New York, NY 10105 Attention: Board of Directors Ladies and Gentlemen: By letter dated December 27, 1999, we requested that ACM Government Opportunity Fund, Inc. (the "Fund") submit to its stockholders at its annual meeting to be held in 2000 a proposal (the "Proposal") that the Fund amend its Articles of Incorporation to convert the Fund from a closed-end to open-end form. This request was made in accordance with Article Seventh, Section (4)(a) of the Articles of Incorporation of the Fund (the "Charter Provision"). The Fund has submitted the Proposal to its stockholders in its proxy statement dated February 18, 2000 for its annual meeting of stockholders to be held March 28, 2000. The Board of Directors of the Fund has recommended that stockholders vote against the Proposal. In addition, in submitting the Proposal to its stockholders, the Fund has included certain terms and conditions not authorized by, referred to in or contemplated by The Charter Provision. These terms and conditions include, but are not necessarily limited to, (i) a proposed authorization to impose a redemption fee of up to 2% of net asset value of any redemptions made during a period of up to two years after conversion of the Fund from closed-end to open-end form and (ii) the proposed imposition of additional fees, including a .30% Rule 12b-1 plan fee, on Fund stockholders (collectively, the "Unauthorized Conditions"). We believe that inclusion of terms and conditions not authorized by, referred to in or contemplated by the Charter Provision in connection with the submission of the Proposal to the Fund's stockholders is an egregious breach of both the express terms, and the spirit, of the Charter Provision. This particularly true given the inclusion of terms and conditions, such as the Unauthorized Conditions, which can reasonably be expected to have a significant negative effect on stockholder support for the Proposal. However, the Charter Provision contemplates a 2 ACM Government Opportunity Fund, Inc. March 7, 2000 Page 2 simple, fair and unbiased referendum on open-ending, without the negative impact of the Unauthorized Conditions on stockholder support for the Proposal or the negative consequences that would result should the Proposal be adopted in spite of the attempted imposition of the Unauthorized Conditions. The obligation of the Fund to submit the Proposal to stockholders has not been satisfied by submission of the Proposal subject to the Unauthorized Conditions, and such obligation will not have been satisfied until the Proposal is submitted in accordance with the Charter Provision and without the Unauthorized Conditions or any other adverse unauthorized terms or conditions. We hereby request that you resubmit the Proposal without the Unauthorized Conditions or other adverse unauthorized terms or conditions. Because of the opposition of the Board of Directors to the Proposal and the inclusion of the Unauthorized Conditions in the submission of the Proposal to stockholders, we intend to withhold our vote in connection with the elections of directors at the upcoming annual meeting. The undersigned reserves any and all rights it may now or hereafter have with respect to the purported imposition of the Unauthorized Conditions in connection with submission of the Proposal to the Fund's stockholders or, if the Proposal is approved by stockholders, such approval. This reservation of rights shall pertain whether the undersigned determines to vote for or against the Proposal as presented in the Fund's proxy statement. Very truly yours, Combined Insurance Company of America By: /s/ Michael A. Conway ----------------------------------- Michael A. Conway Senior Vice President Virginia Surety Company, Inc. By: /s/ Michael A. Conway ----------------------------------- Michael A. Conway Senior Vice President -----END PRIVACY-ENHANCED MESSAGE-----