UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
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 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).
(SEC 1745 (2-95)
CUSIP No. 256669102 13G Page 2 of 5 Pages
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1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
W.P. Stewart & Co., Ltd.* Tax I.D. # - not applicable
* [Effective 7/1/98, W.P. Stewart & Co., Inc., a Delaware corporation, was
merged with and into W.P. Stewart & Co., Ltd., a Bermuda corporation
("WPSL"), with WPSL as the surviving entity in the merger.]
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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
Hamilton, Bermuda
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NUMBER OF 5. SOLE VOTING POWER
SHARES 22,452,000
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BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY None
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EACH 7. SOLE DISPOSITIVE POWER
REPORTING 22,452,000
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PERSON 8. SHARED DISPOSITIVE POWER
WITH None
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,452,000
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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 (9)
22,452,000/176,090,000 = 12.75%
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12. TYPE OF REPORTING PERSON*
Investment Advisor
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 256669102 13G Page 3 of 5 Pages
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Item 1(a) Name of Issuer:
Dollar General Corp.
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Item 1(b) Address of Issuer's Principal Executive Offices:
104 Woodmont Blvd. Nashville, TN 37205
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Item 2(a) Name of Person Filing:
W.P. Stewart & Co., Ltd.*
* [Effective 7/1/98, W.P. Stewart & Co., Inc., a Delaware
corporation, was merged with and into W.P. Stewart & Co., Ltd., a
Bermuda corporation ("WPSL"), with WPSL as the surviving entity in
the merger.]
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Item 2(b) Address of Principal Business Office:
129 Front Street Hamilton HM12 Bermuda
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Item 2(c) Citizenship:
Bermuda
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Item 2(d) Title of Class of Securities:
Common Stock
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Item 2(e) CUSIP Number:
256669102
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Item 3. (a) [_] Broker or Dealer registered under Section 15 of the Act.
3(e) [X] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940.
Item 4. Ownership.
(a) Amount Beneficially Owned:
22,452,000
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(b) Percent of Class:
22,452,000/176,090,000 = 12.75%
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CUSIP No. 256669102 13G Page 4 of 5 Pages
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 22,452,000
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(ii) shared power to vote or to direct the vote none
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(iii) sole power to dispose or to direct the
disposition of 22,452,000
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(iv) shared power to dispose or to direct
the disposition none
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Item 5. Not Applicable
Item 6. W.P. Stewart & Co., Ltd. is deemed to be a beneficial owner for purpose
of Rule 13(d) since it has the power to make investment decisions over
securities for many unrelated clients. W.P. Stewart & Co., Ltd. does
not, however have any economic interest in the securities of those
clients. The clients are the actual owners of the securities and have
the sole right to receive and the power to direct the receipt of
dividends from or proceeds from the sale of such securities. No client
has an interest that relates to 5% or more of this security.
Item 7. Not Applicable
Item 8. Not Applicable
Item 9. Not Applicable
Item 10. Not Applicable
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired and are held in the ordinary course
of business and were not acquired and are not held for the purpose of or with
the effect of changing or influencing the control of the issuer of such
securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose, or effect.
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CUSIP No. 256669102 13G Page 5 of 5 Pages
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.
12/8/98
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(Date)
/s/LISA LEVEY
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(Signature)
Lisa Levey - General Counsel
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(Name/Title)
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