SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3) Texas Pacific Land Trust --------------------------------------- (Name of Issuer) Sub-Share Certificates in Certificates of Proprietary Interest ------------------------------------------------------------------------- (Title of Class of Securities) 882610108 ---------------------------------- (CUSIP Number) Michael S. Paquette Vice President and Controller Fund American Enterprises Holdings, Inc. 80 South Main Street Hanover, New Hampshire 03755 (603) 643-1567 ----------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 9, 1996 ------------------------------------------ (Date of Event which Requires 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-1(b)(3) or (4), check the following box _____. Check the following box if a fee is being paid with this statement ______. (A fee is not required only if the reporting 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.) NOTE: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. CUSIP NO. 882610108 - -------------------------------------------------------------------------------- (1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above Person Fund American Enterprises Holdings, Inc. 94-2708455 - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) _______________________ of a Group (See Instructions) (b) _______________________ - -------------------------------------------------------------------------------- (3) (SEC Use Only) - -------------------------------------------------------------------------------- (4) Source of Funds (See Instructions) WC (See Item 3) - -------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization Delaware -------- - -------------------------------------------------------------------------------- Number of Sub-Shares (7) Sole Voting Power Beneficially Owned ---------------------- by Each Reporting Person With (8) Shared Voting Power ---------------------- 214,300 (9) Sole Dispositive Power ---------------------- (10) Shared Dispositive Power ------------------------ 214,300 - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 214,300 - -------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Sub-Shares (See Instructions) - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) Approximately 7.0% - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) HC, CO - -------------------------------------------------------------------------------- 2 of 12 CUSIP NO. 882610108 - -------------------------------------------------------------------------------- (1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above Person Fund American Enterprises, Inc. 51-0328932 - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) _______________________ of a Group (See Instructions) (b) _______________________ - -------------------------------------------------------------------------------- (3) (SEC Use Only) - -------------------------------------------------------------------------------- (4) Source of Funds (See Instructions) WC (See Item 3) - -------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization Delaware -------- - -------------------------------------------------------------------------------- Number of Sub-Shares (7) Sole Voting Power Beneficially Owned ---------------------- by Each Reporting Person With (8) Shared Voting Power ---------------------- 154,300 (9) Sole Dispositive Power ---------------------- (10) Shared Dispositive Power ------------------------ 154,300 - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 154,300 - -------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Sub-Shares (See Instructions) - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) Approximately 5.0% - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- 3 of 12 CUSIP NO. 882610108 - -------------------------------------------------------------------------------- (1) Name of Reporting Person. S.S. or I.R.S. Identification No. of Above Person White Mountains Holdings, Inc. 02-0477315 - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) _______________________ of a Group (See Instructions) (b) _______________________ - -------------------------------------------------------------------------------- (3) (SEC Use Only) - -------------------------------------------------------------------------------- (4) Source of Funds (See Instructions) WC (See Item 3) - -------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization Delaware -------- - -------------------------------------------------------------------------------- Number of Sub-Shares (7) Sole Voting Power Beneficially Owned ---------------------- by Each Reporting Person With (8) Shared Voting Power ---------------------- 60,000 (9) Sole Dispositive Power ---------------------- (10) Shared Dispositive Power ------------------------ 60,000 - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 60,000 - -------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Sub-Shares (See Instructions) - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) Approximately 2.0% - -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) HC, CO - -------------------------------------------------------------------------------- 4 of 12 ONLY ITEMS REPORTED IN THIS AMENDMENT NO. 3 TO SCHEDULE 13D ARE AMENDED FROM THE FILING ON SCHEDULE 13D FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JULY 3, 1995, AS AMENDED BY AMENDMENT NO. 1 ON SEPTEMBER 8, 1995 AND AMENDMENT NO. 2 ON OCTOBER 4, 1995. ALL OTHER ITEMS REMAIN UNCHANGED. UNLESS OTHERWISE SPECIFIED, ALL DEFINED TERMS USED HEREIN HAVE THE MEANING PREVIOUSLY ASCRIBED TO THEM IN THE SCHEDULE 13D. Item 2. Identity and Background. ------------------------ (a), (b), (c) and (f). The principle business and office address of FAEH is now 80 South Main Street, Hanover, New Hampshire 03755. The principle business and office address of White Mountains Holdings, Inc. ("WMH") is also 80 South Main Street, Hanover, New Hampshire 03755. WMH, a wholly owned subsidiary of FAEH, is an insurance holding company. The name, business address, present principle occupation or employment (and the name, principle business and address of any corporation or other organization in which such employment is conducted) and citizenship of each director and executive officer of FAEH, FAE and WMH is set forth on Schedule I, attached hereto, and incorporated herein by reference. (d) and (e). Neither FAEH, FAE or WMH, and to the best knowledge of FAEH, FAE and WMH, any of the persons listed on Schedule I, attached hereto, during the last five years has been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) or was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which any such person was or is subject to a judgement, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or state securities laws or finding any violation with respect to such laws. 5 of 12 Item 3. Source and Amount of Funds or Other Consideration. -------------------------------------------------- On December 26, 1995, FAE transferred 60,000 Sub-Shares to FAEH at $25.00 per Sub-Share. FAEH subsequently transferred 60,000 Sub-Shares to WMH and certain of WMH's direct and indirect wholly owned subsidiaries on December 26, 1995 at $25.00 per Sub-Share. Item 4. Purpose of Transaction. ----------------------- (a) Sales by FAE outlined in Schedule II, attached hereto, and incorporated herein by reference, were made in the ordinary course of business and not for the purpose or effect of changing or influencing the control of TPL or in connection with, or as a participant in, any transaction having such purpose or effect. FAEH, FAE, WMH and certain of WMH's direct and indirect wholly owned subsidiaries are holding the Sub-Shares for investment purposes and have no present plans or proposals which relate to, or would result in, any of the actions described in Item 4(a) through 4(j), except as noted in Item 4(a) above. Item 5. Interest in Securities of the Issuer. ------------------------------------- (a) FAEH owns 154,300 Sub-Shares indirectly through FAE and 60,000 Sub- Shares indirectly through WMH and certain of WMH's direct and indirect wholly- owned subsidiaries. The aggregate number of Sub-Shares and the corresponding percentage of the outstanding Sub-Shares such number represents is as follows: