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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)
AVNET
(Name of Issuer)
Conv. Debenture
(Title of Class of Securities)
053807AB9
(CUSIP Number)
Check the following box if a fee is being paid
with this statement.
(A fee is not required only if the filing 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 reporting beneficial ownership of five percent
or less of
such class). (See Rule 13d-7).
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 the prior coverage 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).
(Continued on following pages(s))
CUSIP NO. 053807AB9 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NationsBank Corporation
56-0906609
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
North Carolina Corporation
5 SOLE VOTING POWER
17,099,000
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALL 45,000
YOWNED BY
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 16,387,000
8 SHARED DISPOSITIVE POWER
90,000
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,204,000
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES *
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.3
12 TYPE OF REPORTING PERSON *
HC
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP NO. 053807AB9 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
N.B. Holdings Corporation
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
North Carolina Corporation
5 SOLE VOTING POWER
17,099,000
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALL 45,000
YOWNED BY
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 16,387,000
8 SHARED DISPOSITIVE POWER
90,000
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,204,000
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES *
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.3
12 TYPE OF REPORTING PERSON *
HC
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP NO. 053807AB9 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NationsBank of Georgia, N.A.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. National Banking Association
5 SOLE VOTING POWER
422,000
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALL 0
YOWNED BY
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 422,000
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
422,000
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES *
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0
12 TYPE OF REPORTING PERSON *
BK
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP NO. 053807AB9 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NationsBank, N.A.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. National Banking Association
5 SOLE VOTING POWER
642,000
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALL 0
YOWNED BY
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 0
8 SHARED DISPOSITIVE POWER
40,000
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
642,000
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES *
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.1
12 TYPE OF REPORTING PERSON *
BK
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP NO. 053807AB9 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NationsBank Trust Company, N.A.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. National Banking Association
5 SOLE VOTING POWER
642,000
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALL 0
YOWNED BY
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 0
8 SHARED DISPOSITIVE POWER
40,000
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
642,000
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES *
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.1
12 TYPE OF REPORTING PERSON *
BK
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP NO. 053807AB9 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NationsBank of North Carolina, N.A.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. National Banking Association
5 SOLE VOTING POWER
396,000
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALL 25,000
YOWNED BY
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 331,000
8 SHARED DISPOSITIVE POWER
25,000
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
481,000
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES *
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0
12 TYPE OF REPORTING PERSON *
BK
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP NO. 053807AB9 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NationsBank of Virginia, N.A.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. National Banking Association
5 SOLE VOTING POWER
125,000
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALL 10,000
YOWNED BY
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 110,000
8 SHARED DISPOSITIVE POWER
25,000
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
135,000
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES *
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
.1
12 TYPE OF REPORTING PERSON *
BK
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP NO. 053807AB9 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NationsBank Texas Bancorporation, Inc.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Corporation
5 SOLE VOTING POWER
15,514,000
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALL 10,000
YOWNED BY
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 15,524,000
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,524,000
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES *
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.7
12 TYPE OF REPORTING PERSON *
HC
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP NO. 053807AB9 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NationsBank of Texas, N.A.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. National Banking Association
5 SOLE VOTING POWER
15,514,000
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALL 10,000
YOWNED BY
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 15,524,000
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,524,000
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES *
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.7
12 TYPE OF REPORTING PERSON *
BK
*SEE INSTRUCTION BEFORE FILLING OUT!
SCHEDULE 13G
Item 1(a) Name of Issuer:
Avnet Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
80 Cutter Mill Rd. - 5th FI
Great Neck, N.Y. 11021
Item 2(a) Name of Person(s) Filing:
(a) NationsBank Corporation
(b) N.B. Holdings Corporation
(c) NationsBank of Georgia, N.A.
(d) NationsBank, N.A.
(e) NationsBank Trust Company, N.A.
(f) NationsBank of North Carolina, N.A.
(g) NationsBank of Virginia, N.A.
(h) NationsBank Texas Bancorporation, Inc.
(i) NationsBank of Texas, N.A.
Item 2(b) Address of Principal Business Office or, if none,
Residence:
(a) NationsBank Plaza, Charlotte, North Carolina 28255
(b) NationsBank Plaza, Charlotte, North Carolina 28255
(c) 600 Peachtree Street, NE, 55th Floor, Atlanta, GA 30308
(d) 6610 Rockledge Drive, Bethesda, Maryland 20817
(e) 1501 Pennsylvania Avenue, NW, Washington, DC 20013
(f) NationsBank Plaza, Charlotte, NC 28255
(g) 12th and Main Streets, Richmond, VA 23219
(h) NationsBank Plaza, Charlotte, NC 28255
(i) 901 Main Street, Dallas, TX 75202
Item 2(c) Citizenship:
(a) North Carolina Corporation
(b) North Carolina Corporation
(c) U.S. National Banking Association
(d) U.S. National Banking Association
(e) U.S. National Banking Association
(f) U.S. National Banking Association
(g) U.S. National Banking Association
(h) Delaware Corporation
(i) U.S. National Banking Association
Item 2(d) Title of Class of Securities:
Conv. Debenture
Item 2(e) CUSIP Number:
053807AB9
Item 3 If this statement is filed pursuant to Rules 13d-1(b),
or 13d-2(b),
check whether the person filing is a:
(a) Broker or Dealer registered under Section 15
of the Act
(b) X 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) Investment Advisor registered under Section
203 of the
Investment Advisors 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 Sub-section
240.13d-1(b)(1)(ii)(F)
(g) X Parent Holding Company in accordance with Sub-
section
240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) X Group, in accordance with Sub-section 240.13d-
1(b)(1)(ii)(H)
The following entities are holding companies:
NationsBank Corporation
N.B. Holdings Corporation
NationsBank, N.A.
NationsBank Texas Bancorporation, Inc.
The following entities are banks:
NationsBank of Georgia, N.A.
NationsBank, N.A.
NationsBank Trust Company, N.A.
NationsBank of North Carolina, N.A.
NationsBank of Texas, N.A.
NationsBank of Virginia, N.A.
The following entities are registered investment advisors:
Item 4 Ownership:
With respect to the beneficial ownership of the reporting
entity as of
12/31/94, see Items 5 through 11, inclusive, of the
respective cover
pages of this Schedule 13G applicable to such entity which
are incorporated
herein by reference.
Item 5 Ownership of Five Percent or Less of a Class:
Not Applicable
Item 6 Ownership of More Than Five Percent on Behalf of Another
Person:
The reported shares are held in various fiduciary accounts,
and accordingly,
dividends and the proceeds of such shares are payable to
other persons,
including such accounts, the beneficiaries or settlors
thereof or a combination
of such persons. In certain instances, other persons
(including beneficiaries
and settlors) may be deemed to have the power to direct
receipt of dividends or
the proceeds of the sale of shares reported herein. To the
best of the
undersigned's knowledge and belief, no one other person has
such an
economic interest relating to more than 5% of the class of
reported shares.
Item 7 Identification and Classification of the Subsidiary
Which Acquired
the Security Being Reported on By the Parent Holding
Company:
Pursuant to Rule 13d-1(b)(1)(ii)(G) of the Securities
Exchange Act of 1934,
NationsBank Corporation is filing this Schedule 13G as a
parent holding
company of the following:
a. N.B. Holdings Corporation, which is a holding company of
its subsidiaries,
NationsBank of Georgia, N.A.
NationsBank, N.A.
NationsBank of North Carolina, N.A.
NationsBank of Virginia, N.A.
classifiable under Item 3(b) as Banks as defined in
Section 3(a)(6) of the
Securities Exchange Act of 1934.
b. N.B. Holdings Corporation, which is a holding company of
its subsidiary,
NationsBank Texas Bancorporation, Inc., which is a
holding company
of its subsidiary, NationsBank of Texas, N.A.,
classifiable under Item 3(b) as
a Bank as defined in Section 3(a)(6) of the Securities
Exchange Act of 1934.
c. N.B. Holdings Corporation, which is a holding company of
its subsidiary,
NationsBank, N.A., which is a holding company of its
subsidiary, NationsBank
Trust Company, N.A., classifiable under Item 3(b) as a
Bank as defined in
Section 3(a)(6) of the Securities Exchange Act of 1934.
Item 8 Identification and Classification of Members of the
Group:
Except for the relationships referred to in Item 7 hereof,
the reporting
entities do not affirm the existence of a group. This Form
is filed on behalf
of each of the entities listed in Item 2(a) hereof.
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 referenced 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.
NATIONSBANK CORPORATION
N.B. HOLDINGS CORPORATION
NATIONSBANK OF GEORGIA, N.A.
NATIONSBANK, N.A.
NATIONSBANK TRUST COMPANY, N.A.
NATIONSBANK OF NORTH CAROLINA, N.A.
NATIONSBANK OF VIRGINIA, N.A.
NATIONSBANK TEXAS BANCORPORATION,
INC.
NATIONSBANK OF TEXAS, N.A.
Date: February 10, By:
1995
Signature
Mary Jo Inglett/Compliance Officer
Name/Title
mji