SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                 SCHEDULE 13G

                   Under the Securities Exchange Act of 1934
                              (Amendment No. ____)*


                                 Autozone, Inc.
             -----------------------------------------------------
                                (Name of Issuer)

                                  Common Stock
             -----------------------------------------------------
                         (Title of Class of Securities)

                                    053332102
             -----------------------------------------------------
                                 (CUSIP Number)



Check the following box if a fee is  being paid with this statement [ ].
(A fee is not required only if the filing 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.)

     *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 following pages)
                               Page 1 of 5 Pages



CUSIP No.                             13G                    Page 2 of 5 Pages



- --------------------------------------------------------------------------------
   1   NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

       W.P. Stewart & Co., Inc.
       13-2766055

- --------------------------------------------------------------------------------
   2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                             (a)  [  ]
                                                             (b)  [  ]


- --------------------------------------------------------------------------------
   3   SEC USE ONLY




- --------------------------------------------------------------------------------
   4   CITIZENSHIP OR PLACE OF ORGANIZATION

       Delaware
       

- --------------------------------------------------------------------------------
   NUMBER OF      5    SOLE VOTING POWER
     SHARES            9,322,595
  BENEFICIALLY    --------------------------------------------------------------
    OWNED BY      6    SHARED VOTING POWER
      EACH             None
   REPORTING      --------------------------------------------------------------
     PERSON       7    SOLE DISPOSITIVE POWER
      WITH             9,322,595
                  --------------------------------------------------------------
                  8    SHARED DISPOSITIVE POWER
                       None

- --------------------------------------------------------------------------------
   9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
         9,322,595


- --------------------------------------------------------------------------------
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*



- --------------------------------------------------------------------------------
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
          9,322,595/152,090,000 = 6.13%


- --------------------------------------------------------------------------------
  12   TYPE OF REPORTING PERSON*
          Investment Adviser



- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT



                                                               Page 3 of 5 Pages





Item 1.     (a)   Name of Issuer:
                  Autozone, Inc.

            (b)   Address of Issuer's Principal Executive Offices:
                  123 South Front Street, Memphis, TN 38103

Item 2.     (a)   Name of Person Filing:
                  W.P. Stewart & Co., Inc.

            (b)   Address of Principal Business Office:
                  527 Madison Avenue New York, NY 10022

            (c)   Citizenship:
                  Delaware

            (d)   Title of Class of Securities:
                  Common Stock

            (e)   CUSIP Number:
                  053332102

Item 3.     If this statement  is filed  pursuant to Rules  13d-1(b), or  
            13d-2(b), check whether the person filing is a:

            (a)   [ ]   Broker or Dealer  registered under Section  15 of  the
                        Act 

            (e)   [X]   Investment Adviser registered under section 203 of the
                        Investment Advisers Act of 1940


Item 4.     Ownership.
            (a)   Amount Beneficially Owned:
                  9,322,595

            (b)   Percent of Class:
                  6.13%



                                                               Page 4 of 5 Pages

        (c) Number of shares as to which such person has:

            (i)    sole power to vote or to direct the vote       9,322,595

            (ii)   shared power to vote or to direct the vote     none

            (iii)  sole power to dispose or to direct the
                   disposition  of                                9,322,595

            (iv)   shared power to dispose or to direct the
                   disposition                                    none

Item 5.     Not Applicable
            

Item 6.     W.P. Stewart & Co. is deemed to be a beneficial owner for purpose of
            Rule 13(d) since it has the power to make investment  decisions over
            securities for many unrelated clients. W.P. Stewart & Co., Inc. does
            not,  however have any economic  interest in the securities of those
            clients. The clients are the actual owers of the securities and have
            the sole  right to receive  and the power to direct  the  receipt of
            dividends  from or  proceeds  from the sale of such  securities.  No
            client has an interest that relates to 5% or more of this security.


Item 7.     Not Applicable

Item 8.     Not Applicable

Item 5.     Not Applicable

Item 9.     Not Applicable

Item 10.    Not Applicable

Item 9.     Notice of Dissolution of Group.


By signing below I/we 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.

          

                                                               Page 5 of 5 Pages


                                  Signature.


After  reasonable  inquiry  and to the best of my  knowledge  and  belief,  I/we
certify that the information  set forth in this statement is true,  complete and
correct.


Date:  February 17, 1998

By: Sandra Coleman
   -------------------------------
Signature


Sandra Coleman-Controller
- ---------------------------------
Name/Title