SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 5)
DANIELSON HOLDING CORP.
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(NAME OF ISSUER)
COMMON STOCK, $.10 PAR VALUE PER SHARE
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(TITLE OF CLASS OF SECURITIES)
236274106
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(CUSIP NUMBER)
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).
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
THIRD AVENUE MANAGEMENT LLC
(EIN 01-0690900)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Liability Company
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5 SOLE VOTING POWER
1,316,059
NUMBER OF ---------------------------------------------
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SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY NONE
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---------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 1,317,659
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---------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
NONE
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,317,659
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.3%
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12 TYPE OF REPORTING PERSON*
IA
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
MARTIN J. WHITMAN
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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5 SOLE VOTING POWER
NUMBER OF 671,416
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---------------------------------------------
6 SHARED VOTING POWER
SHARES
NONE
BENEFICIALLY
OWNED BY
---------------------------------------------
---------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 617,416
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---------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER
NONE
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
617,416
- --------------------------------------------------------------
- --------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
- --------------------------------------------------------------
- --------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.2%
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12 TYPE OF REPORTING PERSON*
IN
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ITEM 1.
(A) NAME OF ISSUER:
Danielson Holding Corporation (the "Issuer").
(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES OR,IF NONE, RESIDENCE:
1701 East Market Street, Jeffersonville, IN 47130
ITEM 2.
(A) NAME OF PERSON FILING:
This schedule is being jointly filed by Third Avenue Management LLC
("TAM") and Martin J. Whitman, the Chief Investment Officer of TAM
(TAM and Martin J. Whitman are sometimes collectively referred to hereinafter as
"Filer"). Attached hereto as an exhibit is a copy of the joint Schedule 13G
filing agreement among the reporting persons.
(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
The address of the principal executive office of TAM and Mr. Whitman
is: 767 Third Avenue, New York, New York 10017-2023.
(C) CITIZENSHIP:
The citizenship or place of organization of each of the reporting
persons is as follows:
Third Avenue Management LLC-Delaware Limited Liability Company
Martin J. Whitman-United States Citizen.
(D) TITLE OF CLASS OF SECURITIES:
Common Stock, $.10 par value per share.
(E) CUSIP NUMBER:
236274106
ITEM 3. IF THIS STATEMENT IS BEING FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
(E) Investment Adviser. TAM is registered under section 203 of the
Investment Advisors Act of 1940.
ITEM 4. OWNERSHIP.
(a) & (b) TAM beneficially owns 1,317,659 shares, or 4.3% of the
class of securities of the issuer. Martin J. Whitman ("MJW") beneficially owns
671,416 shares, or 2.2% of the class of securities of the issuer.
(c) (i) TAM : 1,316,059
MJW : 671,416
(ii) Not applicable.
(iii) TAM : 1,316,659
MJW : 671,416
(iv) Not applicable.
Mr. Whitman disclaims beneficial ownership of TAM share holdings. The
reporting entities did not and do not act in concert or as a group in acquiring,
holding or disposing of the common stock.
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.
Third Avenue Value Fund, an investment company registered under the
Investment Company Act of 1940, has the right to receive dividends
from, and the proceeds from the sale of 1,311,571 of the shares
reported by TAM. Various other seperately managed clients for whom TAM
acts as investment advisor have the right to receive dividends from, and
the proceeds from the sale of, the shares reported by TAM. Martin J. Whitman
has the right to receive dividends from, and the proceeds of the sale of
671,571 of the shares reported by Martin J. Whitman.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH 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 purposes 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.
January 29, 2003
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(Date)
THIRD AVENUE MANAGEMENT LLC
BY:/S/ MARTIN J. WHITMAN
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Martin J. Whitman
Chairman and Chief Investment Officer
/S/ MARTIN J. WHITMAN
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Martin J. Whitman, President