UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Under the Securities Exchange Act of 1934)
(Amendment No. 1)*
RB Asset, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
749254108
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(CUSIP Number)
December 31, 2000
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(Date of Event Which Requires Filing of this Statement)
This Schedule is filed according to Rule 13d-1(b).
*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).
[Continued on the following page(s)]
Page 1 of 4 Pages
Page 2 of 4 Pages CUSIP #: 749254108
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1. Name of Reporting Person:
(I.R.S. Identification No. of above person):
First Financial Fund, Inc.
13-3341573
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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:
Maryland
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5. Sole Voting Power
0
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Number of shares 6. Shared Voting Power
beneficially owned by 0
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7. Sole Dispositive Power
each Reporting Person with
0
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8. Shared Dispositive Power
0
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9. Aggregate amount beneficially owned by each reporting person:
0
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10. Check if the aggregate amount in row (9) excludes certain shares:
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11. Percent of class represented by amount in row (9):
0.00%
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12. Type of Reporting Person:
IV
Page 3 of 4 Pages CUSIP #: 749254108
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SCHEDULE 13G
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Item 1(a): Name of Issuer:
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RB Asset, Inc.
Item 1(b): Address of Issuer's Principal Executive Offices:
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645 Fifth Avenue
8th Floor
New York, New York 10022
Item 2(a): Name of Person Filing:
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First Financial Fund, Inc.
Item 2(b): Address of Principal Business Office:
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Gateway Center Three
100 Mulberry Street, 9th Floor
Newark, New Jersey 07102-7503
Item 2(c): Citizenship:
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Maryland
Item 2(d): Title of Class of Securities:
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Common Stock
Item 2(e): CUSIP Number:
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320228109
Item 3: Type of Person Filing Pursuant to Sec. 240.13d-1(b)
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or 240.13d-2(b) or (c):
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An investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C 80a-8)
Item 4: Ownership:
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(a) AMOUNT BENEFICIALLY OWNED: First Financial Fund, Inc., a
registered closed-end investment company, may be deemed the
beneficial owner of 0 shares of common stock of the Issuer.
(b) PERCENT OF CLASS: 0.00%
(c) Voting and Dispotive Power: First Financial Fund, Inc. has sole
power to vote or to direct the vote and shared power to dispose
or to direct the disposition of 0 shares of common stock of the
Issuer. First Financial Fund, Inc. has shared power to vote or
to direct the vote and sole power to dispose or to direct the
disposition of 0 shares of common stock of the Issuer.
Page 4 of 4 Pages CUSIP #: 749254108
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SCHEDULE 13G
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Item 5: Ownership of Five Percent or Less of a Class:
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As of the date hereof, First Financial Fund, Inc. has ceased to be
the beneficial owner of more than five percent of the class of
securities.
Item 6: Ownership of More than Five Percent on Behalf of Another Person:
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Not Applicable
Item 7: Identification and Classification of the Subsidiary which Acquired
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the Security Being Reported on by the Parent Holding Company:
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Not Applicable
Item 8: Identification and Classification of Members of the Group:
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Not Applicable
Item 9: Notice of Dissolution of Group:
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Not Applicable
Item 10: Certification:
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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 the securities and were not acquired and
are not held in connection with or as a participant in any
transaction having that purpose or effect.
Signature:
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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.
Date: February 12, 2001
Signature: /s/ Arthur J. Brown
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Name/Title: Arthur J. Brown
Secretary