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5
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
(Amendment Number 1)
Under the Securities Exchange Act of 1934
Harrah's Entertainment, Inc.
(Formerly The Promus Companies Incorporated)
(Name of Issuer)
Common Stock $0.10 par value
(Title of Class of Securities)
413-619-10-7
(CUSIP Number)
Check the following box if a fee is being paid with this 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.
page>
Cusip Number: 413-619-10-7
1
Name of Reporting Person and S.S. or I.R.S.
Identification Number of Above Person:
Tiger Management Corporation
2
Check the Appropriate Box if a Member of a Group:
(a)
(b)
3
SEC Use Only:
4
Citizenship or Place of Organization:
Delaware
5 Sole Voting Power: -0-
6 Shared Voting Power: 9,080,900
7 Sole Dispositive Power: -0-
8 Shared Dispositive Power: 9,080,900
9
Aggregate Amount Beneficially Owned by Each
Reporting Person:
9,080,900
10
Check if the Aggregate Amount in Row (9) Excludes
Certain Shares:
11
Percent of Class Represented by Amount in Row (9):
8.8%
12
Type of Reporting Person:
IA CO
Cusip Number: 413-619-10-7
1
Name of Reporting Person and S.S. or I.R.S.
Identification Number of Above Person:
Panther Partners, L.P.
2
Check the Appropriate Box if a Member of a Group:
(a)
(b)
3
SEC Use Only:
4
Citizenship or Place of Organization:
Delaware
5 Sole Voting Power: -0-
6 Shared Voting Power: 493,700
7 Sole Dispositive Power: -0-
8 Shared Dispositive Power: 493,700
9
Aggregate Amount Beneficially Owned by Each
Reporting Person:
493,700
10
Check if the Aggregate Amount in Row (9) Excludes
Certain Shares:
11
Percent of Class Represented by Amount in Row (9):
0.5%
12
Type of Reporting Person:
IV PN
Cusip Number: 413-619-10-7
1
Name of Reporting Person and S.S. or I.R.S.
Identification Number of Above Person:
Panther Management Company, L.P.
2
Check the Appropriate Box if a Member of a Group:
(a)
(b)
3
SEC Use Only:
4
Citizenship or Place of Organization:
Delaware
5 Sole Voting Power: -0-
6 Shared Voting Power: 493,700
7 Sole Dispositive Power: -0-
8 Shared Dispositive Power: 493,700
9
Aggregate Amount Beneficially Owned by Each
Reporting Person:
493,700
10
Check if the Aggregate Amount in Row (9) Excludes
Certain Shares:
11
Percent of Class Represented by Amount in Row (9):
0.5%
12
Type of Reporting Person:
IA PN
Cusip Number: 413-619-10-7
1
Name of Reporting Person and S.S. or I.R.S.
Identification Number of Above Person:
Julian H. Robertson, Jr.
2
Check the Appropriate Box if a Member of a Group:
(a)
(b)
3
SEC Use Only:
4
Citizenship or Place of Organization:
U.S.
5 Sole Voting Power: 25,000
6 Shared Voting Power: 9,622,100
7 Sole Dispositive Power: 25,000
8 Shared Dispositive Power: 9,622,100
9
Aggregate Amount Beneficially Owned by Each
Reporting Person:
9,647,100
10
Check if the Aggregate Amount in Row (9) Excludes
Certain Shares:
11
Percent of Class Represented by Amount in Row (9):
9.4%
12
Type of Reporting Person:
IN
Item 1(a) Harrah's Entertainment, Inc.
Item 1(b) 1023 Cherry Road, Memphis, Tennessee 38117
Item 2(a) This statement is filed on behalf of Tiger Management
Corporation ("TMC"), Panther Partners, L.P. ("Panther") and
Panther Management Company, L.P. ("PMCLP").
Julian H. Robertson, Jr. is the ultimate controlling
person of TMC and PMCLP.
Item 2(b) The address of each reporting person is 101 Park Avenue,
New York, NY 10178
Item 2(c) Incorporated by reference to item (4) of the cover page
pertaining to each reporting person.
Item 2(d) Common Stock $0.10 par value
Item 2(e) 413-619-10-7
Item 3 Panther is an investment company registered under Section 8 of the
Investment Company Act. Each of TMC and PMCLP is an investment
adviser registered under Section 203 of the Investment Advisers Act of
1940.
Item 4 Ownership as of December 31, 1995 is incorporated by
reference to items (5) - (9) and (11) of the cover page pertaining to
each reporting person.
Item 5 Not applicable
Item 6 Other persons are known to have the right to receive
dividends from, or proceeds from the sale of, such securities. The
interest of one such person, The Jaguar Fund N.V., a Netherlands
Antilles corporation, is more than 5%.
Item 7 Not applicable
Item 8 Not applicable
Item 9 Not applicable
Item 10 By signing below, I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary
course of business and were not acquired for the purpose of and do not
have the effect of changing or influencing the control of the issuer
of such securities and were not acquired in connection with or as a
participant in any transaction having such purpose or effect.
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.
February 12, 1996
TIGER MANAGEMENT CORPORATION
/s/ Nolan Altman, Chief Financial Officer
PANTHER PARTNERS, L.P.
By: Panther Management Company, L.P., its General Partner
By: Panther Management Corporation, its General Partner
/s/ Nolan Altman, Chief Financial Officer
PANTHER MANAGEMENT COMPANY, L.P.
By: Panther Management Corporation, its General Partner
/s/ Nolan Altman, Chief Financial Officer
JULIAN H. ROBERTSON, JR.
By: /s/ Nolan Altman
Under Power of Attorney dated
1/27/95
On File with Schedule 13G for
Kohl's Corp. 2/7/95
AGREEMENT
The undersigned agree that this Amendment Number 1 to Schedule 13G dated
February 12, 1996 relating to shares of common stock of Harrah's Entertainment
Inc. shall be filed on behalf of each of the undersigned.
TIGER MANAGEMENT CORPORATION
/s/ Nolan Altman, Chief Financial Officer
PANTHER PARTNERS, L.P.
By: Panther Management Company, L.P., its General Partner
By: Panther Management Corporation, its General Partner
/s/ Nolan Altman, Chief Financial Officer
PANTHER MANAGEMENT COMPANY, L.P.
By: Panther Management Corporation, its General Partner
/s/ Nolan Altman, Chief Financial Officer
JULIAN H. ROBERTSON, JR.
By: /s/ Nolan Altman
Under Power of Attorney dated
1/27/95
On File with Schedule 13G for
Kohl's Corp. 2/7/95