UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 12) -- CHAMPION INTERNATIONAL CORPORATION - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 15852 51 0 - -------------------------------------------------------------------------------- (CUSIP Number) Barry Hirsch, Senior Vice President and Secretary Loews Corporation 667 Madison Avenue, New York, New York 10021 (212) 545-2920 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 12, 1994 - -------------------------------------------------------------------------------- (Date of Event which Required Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-l(b)(3) or (4), check the following box ____. Check the following box if a fee is being paid with the statement __. The information required on 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). Page 1SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 15852 51 0 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON LOEWS CORPORATION IRS Identification No. 13-2646102 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/ / N/A (b)/ / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) /___/ N/A - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 16,023,300 SHARES ------------------------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 43,453 EACH ------------------------------------------------------------------ REPORTING 9 SOLE DISPOSITIVE POWER PERSON 16,023,300 WITH ------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 43,453 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 16,066,753 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 17.3% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* HC - -------------------------------------------------------------------------------- PAGE 2 AMENDMENT NO. 12 to SCHEDULE 13D relating to the Common Stock, $0.50 par value per share of CHAMPION INTERNATIONAL CORPORATION This Amendment No. 12 to Schedule 13D filed by Loews Corporation, a Delaware Corporation, ("Loews"), relates to the Common Stock, $0.50 par value per share (the "Shares"), of Champion International Corporation, a New York corporation (the "Issuer"), and is being filed pursuant to Rule 13d-2 under the Securities Exchange Act of 1934, as amended. Item 5. Interest in Securities of the Issuer ------------------------------------ Item 5 is hereby supplemented as follows: "During the period September 28, 1994 through and including October 12, 1994, Loews sold an aggregate of 1,084,600 Shares, as set forth in the table below. All of the transactions described below were effected by Loews on the New York Stock Exchange, except as noted below. Number of Date Shares Sold Price Per Share ---- ----------- ---------------- September 28, 1994 300,000 $39.50 September 28, 1994 100,000 39.625 October 3, 1994 50,000 40.00 October 11, 1994 321,600 38.75 October 12, 1994 300,000 38.875 October 12, 1994 13,000 38.875* * Traded on the Midwest Stock Exchange "As of October 12, 1994 Loews owns directly 16,023,300 Shares representing approximately 17.2% of the total number of Shares outstanding. After giving effect to 43,453 Shares issuable upon conversion of the $1,510,000 principal amount of the Issuer's 6.5% Convertible Subordinated Debentures owned by a subsidiary, as previously reported, Loews may be deemed to beneficially own an aggregate of 16,066,753 Shares, representing approximately 17.3% of the total number of Shares outstanding, calculated in accordance with Regulation 13D-G." SIGNATURE --------- The undersigned certifies that after reasonable inquiry and to the best of its knowledge and belief, the information set forth in this Statement is true, complete and correct. LOEWS CORPORATION Dated: October 13, 1994 By: Barry Hirsch Senior Vice President and Secretary