View:
1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* HALSEY DRUG COMPANY INC ____________________________ (Name of Issuer) COMMON _________________________ (Title of Class of Securities) 40636998 __________________________ (CUSIP Number) *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). 2 SCHEDULE 13G CUSIP No. 40636998 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON BEA ASSOCIATES 13-3580284 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States 5. SOLE VOTING POWER 629,000 NUMBER OF 6. SHARED VOTING POWER 0 SHARES BENEFICIALLY OWNED BY EACH 7. SOLE DISPOSITIVE POWER 629,000 REPORTING PERSON 8. SHARED DISPOSITIVE POWER 0 WITH 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 629,000 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* N/A 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.49% 12. TYPE OF REPORTING PERSON* Investment Advisor *SEE INSTRUCTION 3 SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Schedule 13G Under the Securities Exchange Act of 1934 Amendment No.: 1 Item 1 (a) Name of issuer: HALSEY DRUG COMPANY INC Item 1 (b) Address of issuer's principal executive offices: 1827 PACIFIC STREET BROOKLYN, NY 11233 Item 2 (a) Name of person filing: BEA ASSOCIATES Item 2 (b) Address of principal business office: 153 EAST 53RD STREET NEW YORK, NEW YORK 10022 Item 2 (c) Citizenship: United States Item 2 (d) Title of class of securities: COMMON Item 2 (e) Cusip No.: 40636998 Item 3 Type of Person: Investment Advisor Item 4 (a) Amount beneficially owned: 629,000 Item 4 (b) Percent of class: 4.49% Item 4 (c) (i) sole power to vote: 629,000 (ii) shared power to vote: 0 (iii) sole power to dispose: 629,000 (iv) shared power to dispose: 0 Item 5 Ownership of 5 percent or less of a class: Not Applicable Item 6 Ownership of more than 5 percent on behalf of another person: Not Applicable 4 Item 7 Identification and classification of subsidiary: Not Applicable Item 8 Identification and classification of members of the group: Not Applicable Item 9 Notice of dissolution of the 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. 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. FEBRUARY 6, 1998 -------------------------------- Date /s/ HAL LIEBES -------------------------------- HAL LIEBES SVP/GENERAL COUNSEL