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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. __________) 1
Autozone, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
053332102
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(CUSIP Number)
January 31, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
/X/ Rule 13d-1(b)
/ / Rule 13d-1(c)
/ / Rule 13d-1(d)
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1 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 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).
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CUSIP No. 053332102 13G Page 2 of __5__ Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
W.P. Stewart & Co., Ltd. Tax I.D. # -- not applicable
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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
Hamilton, Bermuda
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NUMBER OF
SHARES 5. SOLE VOTING POWER
19,501,000
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BENEFICIALLY
OWNED BY 6. SHARED VOTING POWER
None
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EACH
REPORTING 7. SOLE DISPOSITIVE POWER
19,501,000
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PERSON
WITH 8. SHARED DISPOSITIVE POWER
None
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,501,000
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.00%
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12. TYPE OF REPORTING PERSON*
Investment Adviser
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No.053332102 13G Page 3 of __5__ Pages
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ITEM 1(a). NAME OF ISSUER:
Autozone, Inc.
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ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
123 South Front Street, Memphis, TN 38103
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ITEM 2(a). NAME OF PERSON FILING:
W.P. Stewart & Co., Ltd.
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ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
129 Front Street Hamilton HM 12 Bermuda
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ITEM 2(c). CITIZENSHIP.
Bermudian
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ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
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ITEM 2(e). CUSIP NUMBER:
053332102
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b),
OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
(e) /x/ Investment adviser in accordance with
Rule 13d-1(b)(1)(ii)(E),
ITEM 4. OWNERSHIP.
Provide the following information regarding the aggregate number
and percentage of the class of securities of the issuer
identified in Item 1.
(a) Amount beneficially owned:
19,501,000
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(b) Percent of class:
13.00%
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(c) Number of shares as to which such person has:
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CUSIP No.053332102 13G Page 4 of __5__ Pages
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(i) Sole power to vote or to direct the vote 19,501,000
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(ii) Shared power to vote or to direct the vote none
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(iii) Sole power to dispose or to direct the disposition of 19,501,000
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(iv) Shared power to dispose or to direct the disposition of none
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ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
"Not applicable"
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
W.P. Stewart & Co., Ltd. ("WPSL") may be deemed to be a beneficial
owner of the securities reflected herein for purposes of Rule 13(d)
as a result of its power to make investment decisions with respect
to such securities on behalf of many unrelated investment advisory
clients of the firm. However, WPSL does not have any economic
interest in the portfolio securities of such clients, who are the
owners of such securities and have the sole right to receive and to
direct the receipt of dividends from, or the proceeds from any sale
of, such securities. No client of WPSL has a greater than five
percent interest in the class of securities of the issuer reported
herein.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
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.
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CUSIP No.053332102 13G Page 5 of __5__ Pages
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SIGNATURE
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.
2/5/99
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(Date)
/s/ Lisa D. Levey
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(Signature)
Lisa D. Levey--General Counsel
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(Name/Title)