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CUSIP NO. 460242 10 0 13G Page 1 of 5 Pages
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2 )*
INTERNATIONAL RECOVERY CORPORATION
(Name of Issuer)
Common
(Title of Class of Securities)
460242 10 0
(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
disclosure 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).
CUSIP NO. 460242 10 0 13G Page 2 of 5 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Franklin Resources, Inc.
13-2670991
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) X
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER
277,500
6. SHARED VOTING POWER
57,000
7. SOLE DISPOSITIVE POWER
8. SHARED DISPOSITIVE POWER
334,500
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
334,500
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDE CERTAIN SHARES
Not Applicable
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.1 %
12 TYPE OF REPORTING PERSON
IA, IV, HC
CUSIP NO. 460242 10 0 13G Page 3 of 5 Pages
Item 1.
(a) Name of Issuer
International Recovery Corporation
(b) Address of Issuer's Principal Executive Offices
700 South Royal Poinciana Blvd., Suite 800
Miami Springs, FL 33166
Item 2.
(a) Name of Person Filing
Franklin Resources, Inc.
(b) Address of Principal Business Office
777 Mariners Island Blvd.
San Mateo, California 94404
(c) Place of Organization
Delaware
(d) Title of Class of Securities
Common
(e) CUSIP
354613 10 1
Item 3.
(d) Investment Company
(e) Investment Adviser
(g) Parent Holding Company (Note: See Item 7)
CUSIP NO. 460242 10 0 13G Page 4 of 5 Pages
Item 4. Ownership
(a) Amount Beneficially Owned
334,500
(b) Percent of Class
7.1 %
(c) Number of Shares as to which such person has:
(i) Sole power to vote or to direct the vote
277,500
(ii) Shared power to vote or to direct the vote
57,000
(iii) Sole power to dispose or to direct the disposition of
(iv) Shared power to dispose or to direct the disposition of
334,500
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check
the following ( ).
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company
See Attached Exhibit
Item 8. Identification and Classification of Members of the Group
Not Applicable
Item 9. Notice of Dissolution of Group
Not Applicable
CUSIP NO. 460242 10 0 13G Page 5 of 5 Pages
Item 10. Certification
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 purposes or effect.
This report shall not be construed as an admission by the person filing the
report (Franklin Resources, Inc.) that it is the beneficial owner of any
securities covered by this report.***
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.
January 28, 1994
Date
S\DEBORAH R. GATZEK
Signature
Deborah R. Gatzek
Senior Vice President-Legal
& Assistant Secretary
Name/Title
*** Franklin Resources, Inc., and its subsidiaries and companies under control
with them with respect to the exercise of investment discretion are of the
view that they are not active as a "group" for purposes of Section 13(d) under
the Securities Exchange Act of 1934 ("1934 Act") and that they are not
otherwise required to attribute to each other the "beneficial ownership" of
securities under Rule 13(d) 3 promulgated under the 1934 Act. Therefore, they
are of the view that the shares held by Franklin Resources, Inc., and its
subsidiaries and companies under common control with them need not be
aggregated for purposes of Section 13(d). However, Franklin Resources, Inc.
is making this filing on a voluntary basis as if all the shares are
beneficially owned by Franklin Resources, Inc. and its subsidiaries and
companies under common control with respect to the exercise of investment
discretion.
FRANKLIN RESOURCES, INC. EXHIBIT TO SCHEDULE 13G