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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Rayonier Incorporated /1/
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
754907103
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(CUSIP Number)
December 31, 2002
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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)
o Rule 13d-1(c)
o 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 ("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).
Schedule 13G Page 2 of 6
CUSIP No. 754907103 Rayonier Incorporated
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Berger Small Cap Value Fund /3/ ID No. 36-3344166
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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
Massachusetts
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NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 1,050,000 /2/
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
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PERSON 8 SHARED DISPOSITIVE POWER
WITH 1,050,000 /2/
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,050,000
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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)
3.8%
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12 TYPE OF REPORTING PERSON
IV
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/2/ Perkins, Wolf, McDonnell & Company is the sub investment advisor
delegated with investment and voting authority.
/3/ Berger Small Cap Value Fund (the "Fund") is a portfolio series established
under the Berger Omni Investment Trust, an open-ended management investment
company registered under the Investment Company Act of 1940, as amended.
Due to a restructuring of the investment advisor of the Fund, future
ownership disclosure will be filed jointly with the Fund's sub investment
advisor, Perkins, Wolf, McDonnell & Company.
Schedule 13G Page 3 of 6
CUSIP No. 754907103 Rayonier Incorporated
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Item 1.
(a) Name of Issuer: Rayonier Incorporated
(b) Address of Issuer's Principal Executive Offices:
50 North Laura Street
Jacksonville, FL 32202
Item 2.
(a) Name of Person Filing:
(1) Berger Small Cap Value Fund /4/
(b) Address of Principal Business Office:
(1) Berger Small Cap Value Fund
210 University Boulevard
Denver, Colorado 80206
(c) Citizenship:
(1) Berger Small Cap Value Fund: MASSACHUSETTS
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 754907103
Item 3. If this statement is filed pursuant to Rule 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
(b) ________ Bank as defined in section 3(a)(6) of the Act
(c) ________ Insurance Company as defined in section 3(a)(19) of
the Act
(d) ___X____ Investment Company registered under section 8 of the
Investment Company Act.
(e) Investment Adviser registered under section 203 of
________ the Investment Advisers Act of 1940
/4/ Berger Small Cap Value Fund (the "Fund") is a portfolio series established
under the Berger Omni Investment Trust, an open-ended management investment
company registered under the Investment Company Act of 1940, as amended.
Due to a restructuring of the investment advisor of the Fund, future
ownership disclosure will be filed jointly with the Fund's sub investment
advisor, Perkins, Wolf, McDonnell & Company.
Schedule 13G Page 4 of 6
CUSIP No. 754907103 Rayonier Incorporated
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(f) ________ Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see section
240.13d-1(b)(1)(ii)(F)
(g) Parent Holding Company, in accordance with
________ section 240.13d-1(b)(1)(ii)(G)
(Note: See Item 7)
Item 4. Ownership
(a) Amount Beneficially Owned:
(1) Berger Small Cap Value: 1,050,000
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(b) Percent of Class:
(1) Berger Small Cap Value: 3.8%
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(c) Number of shares as to which such person has:
(1) Berger Small Cap Value:
(i) Sole power to vote or to direct the
vote: 0
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(ii) Shared power to vote or to direct the
vote: 1,050,000 /5/
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(iii) Sole power to dispose or to direct the
disposition of: 0
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(iv) Shared power to dispose or to direct the
disposition of: 1,050,000 /5/
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Item 5. Ownership of Five Percent or Less of a Class:
This statement is being filed to report the fact that the
reporting persons have ceased to be the beneficial owners of more
than five percent of the class of securities.
/5/ Perkins, Wolf, McDonnell & Company is the sub investment advisor
delegated with investment and voting authority.
Schedule 13G Page 5 of 6
CUSIP No. 754907103 Rayonier Incorporated
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Item 6. Ownership of More than Five Percent on Behalf of Another
Person:
N/A
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent
Holding Company:
N/A
Item 8. Identification and Classification of Members of the Group:
N/A
Item 9. Notice of Dissolution of Group:
N/A
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 such securities and were not acquired and are not held in
connection with or as a participant in any transaction having
such purpose or effect.
Schedule 13G Page 6 of 6
CUSIP No. 754907103 Rayonier Incorporated
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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.
BERGER SMALL CAP VALUE FUND:
March 14, 2003
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Date
/s/ Anthony R. Bosch
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Signature
Anthony R. Bosch, Vice President
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Name/Title