UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 16) -- 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) July 31, 1995 -------------------------------------------------------------------------------- (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 1 SCHEDULE 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 7,595,400 SHARES ------------------------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 43,453 EACH ------------------------------------------------------------------ REPORTING 9 SOLE DISPOSITIVE POWER PERSON 7,595,400 WITH ------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 43,453 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,638,853 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.34% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* HC -------------------------------------------------------------------------------- Page 2 This Amendment No. 16 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 July 13, 1995 through and including August 1, 1995, Loews sold an aggregate of 1,422,400 Shares, as set forth in the table below. All of the transactions described below were effected by Loews on the New York Stock Exchange. Number of Date Shares Sold Price Per Share ---- ----------- --------------- July 13, 1995 125,000 $58.250 July 13, 1995 200,000 58.188 July 14, 1995 100,000 57.500 July 17, 1995 100,000 57.50 July 31, 1995 59,800 56.375 July 31, 1995 60,200 56.50 July 31, 1995 388,500 56.625 July 31, 1995 105,000 56.75 August 1, 1995 50,000 55.75 August 1, 1995 30,900 56.00 August 1, 1995 12,200 56.125 August 1, 1995 107,200 56.25 August 1, 1995 28,700 56.375 August 1, 1995 54,900 56.50 "In addition on July 20, 1995 $1,510,000 principal amount of Issuer's 6.5% Convertible Subordinated Debentures owned by a subsidiary (the "Subsidiary"), as previously reported, were converted into 43,453 Shares in accordance with the terms of such Debenture, which had been called for redemption by the Issuer. "Accordingly, as of August 1, 1995 Loews owns directly 7,595,400 Shares, representing approximately 8.29% of the total number of Shares outstanding. In addition after giving effect to the 43,453 Shares owned by the Subsidiary, Loews may be deemed to own benefically an aggregate of 7,638,853 Shares, representing 8.34% of the total number of Shares outstanding." 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: August 1, 1995 By: Guy A. Kwan Controller Page 3