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Non-Tech : RAINFOREST CAFE
RAIN 6.480+9.6%Dec 18 3:57 PM EST
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To: Richard Phillips who wrote (3973)2/5/1998 12:45:00 AM
From: Dennis Vail  Read Replies (1) of 4704
 
All,

This morning Ark Asset Management filed (which previously wasn't listed as one of the top ten institutions by Thomson) that they are holding 2.475,000 shares (or 9.5%) of Rainforest Cafe. I would imagine they bought the vast majority of those shares since the 1/7/98 drop. Very cool. They own more shares of RAIN than Lyle Berman does!! I'm sure alot of other institutions have been slurping up shares of RAIN when it dips below 11 as well.

From the 13G ARK filed today:

|______________________
|CUSIP No. 75086K10-4 | SCHEDULE 13G
|----------------------------------------------------------------------------
|1. Name of Reporting Person
| S.S. or I.R.S. Identification No. of Above Person
| ARK ASSET MANGEMENT CO., INC.
|
|----------------------------------------------------------------------------
|2. Check the Appropriate Box if a Member of a Group * (a)
| (b)
|----------------------------------------------------------------------------
|3. SEC Use Only
|----------------------------------------------------------------------------
|4. Citizenship or Place of Organization
|
| New York
|
|-----------------------------------------------------------------------------
| |
| | 5. Sole Voting Power
| | 2,119,500 SHARES
|Number Of Shares|____________________________________________________________
| |
| | 6. Shared Voting Power
|Beneficially | NONE
| |____________________________________________________________
| Owned By |
| | 7. Sole Dispositive Power
| | 2,475,0000 SHARES
| Each |____________________________________________________________
| |
| Reporting | 8. Shared Dispositive Power
| Person |
| | NONE
| With |
|-----------------------------------------------------------------------------
|9. Aggregate Amount Beneficially Owned by Each Reporting Person
|
| 2,475,000 SHARES
|-----------------------------------------------------------------------------
|10. Check if the Aggregate Amount in Row (9)
| Excludes Certain Shares*
|
|
|-----------------------------------------------------------------------------
|
|11. Percent of Class Represented by Amount in Row 9
| 9.5 %
|-----------------------------------------------------------------------------
|
|12. Type of Reporting Person*
|
| I.A.
| ----------------------------------------------------
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