February 15, 1995

Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C.  20549

Schedule 13G
American City Business Journals, Inc.

Dear Sirs:

This notice is to inform you of an electronic filing (via
EDGAR), for SoGen International Fund, Inc., a Maryland
corporation (the "Fund"), and its investment adviser,
Societe Generale Asset Management Corp.,  a Delaware
corporation (the "Adviser"), of an Amendment No. 1
("Amendment No. 1") to the Schedule 13G pursuant to Rule 13d
2(b) under the Securities Exchange Act of 1934, as amended,
relating to the ownership by the Fund of common stock of
American City Businees Journals, Inc., a North Carolina
publishing company. The Fund is an investment  company
registered as such under Section 8 of the Investment Company
Act of 1940, as amended, and the Adviser is an investment
adviser registered as such under Section 203 of the
Investment Advisers Act of 1940, as amended.

The filing fee of $100.00 payable to the Commission pursuant
to Rule 13d-7 has been wired to your account at Mellon Bank
on February 15, 1995.  The Schedule 13G has been
sequentially numbered in conformity with Rule 0-3(b).

Should you have any further concerns or require additional
information do not hesitate to contact Margaret Hartman at
212 278-5848.

Sincerely yours,



Philip J. Bafundo
Secretary

cc:  American City Business Journals, Inc.
National Association of Securities Dealers, Inc.







                                        3045



SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC  20549
SCHEDULE 13G

Information statement pursuant to Rule 13d-1 and 13d-2
(Amendment No. 1 )(1)

American City Business Journals, Inc.
(Name of issuer)

Common Stock $0.01 Par Value Per Share
(Title of class of securities)

025143108
(CUSIP number)

Check the following box if a fee is being paid with this
statement [x].(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 Rule13d-7.)

(Continued on following page (s))

(Page 1 of 6 Pages)
_________
(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.).



13G

Page 2 of 6 Pages
CUSIP No. 025143108

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

     SoGen International Fund, Inc. 132672902


2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)   [ ]
(b)   [ ]


3.   SEC USE ONLY


4.   CITIZENSHIP OF PLACE OF ORGANIZATION

     Maryland

     NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH


5.   SOLE VOTING POWER

     0


6.   SHARED VOTING POWER

     380,031 Shared with its investment adviser, Societe
Generale Asset Management               Corp.


7.   SOLE DISPOSITIVE POWER

     0


8.   SHARED DIPOSITIVE POWER

     380,031, Shared with its investment adviser
SocieteGenerale Asset Management        Corp.


9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON,

     380,031


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


11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     5.48%


12.  TYPE OF REPORTING PERSON*

     IV


* SEE INSTRUCTIONS BEFORE
FILLING OUT 13G
Page 3 of 6 Pages


CUSIP No. 025143108


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

      Societe Generale Asset Management Corp. 133557071
                              
                              
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)   [ ]
(b)   [ ]


3.   SEC USE ONLY


4.   CITIZENSHIP OF PLACE OF ORGANIZATION

     Delaware

     NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH


5.   SOLE VOTING POWER

     0


6.   SHARED VOTING POWER

     380,031 Shared with its investment advisory client,
Sogen International Fund, Inc.


7.   SOLE DISPOSITIVE POWER

     0


8.   SHARED DIPOSITIVE POWER

     380,031 Shared with its investment advisory client,
Sogen International Fund, Inc.


9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON

     380,031


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


11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     5.48%


12.  TYPE OF REPORTING PERSON*

     IA


* SEE INSTRUCTIONS BEFORE FILLING OUT



SCHEDULE 13G UNDER THE SECURITIES
EXCHANGE ACT OF 1934, AS AMENDED



Item 1


(a) Name of Issuer: American City Business Journals, Inc.
(the "Issuer").

(b) Address of Issuer's PrincipalExecutive Offices: 128
South Tryon Street, Suite 2300, Charlotte, NC 28202.


Item 2


(a) Names of Persons Filing: SoGen International Fund, Inc.,
a Maryland corporation (the "Fund"), and its investment
adviser Societe Generale Asset Management Corp., a Delaware
corporation (the "Adviser").

(b) Address of Principal Business Office: The principal

business offices of the Fund and the Adviser are located at

1221 Avenue of the Americas, New York, NY 10020.

(c) Citizenship: The Fund is a Maryland corporation. The

Adviser is a Delaware corporation.

(d) Title of Class of Securities: Common Stock

$0.01 Par Value Per Share (the "Shares").

(e) CUSIP Number:

025143108









Item 3








The persons filing this Schedule 13G are:

(c) an investment company registered under Section 8 of the
Investment Company Act of 1940, as amended (the "Fund"), and

(d) an investment adviser registered under Section 203 of
the Investment Advisers Act of 1940, as amended (the
"Adviser")


Page 4 of 6


Schedule 13G



Item 4


Ownership

(a) Amount Beneficially Owned:  The Fund beneficially owns
380,031 Shares.  The Adviser, by virtue of its powers under
its investment advisory contract with the Fund, may be
deemed to be a beneficial owner of such Shares.

(b) Percentage of class: The Fund beneficially owns    5.48%
of the
outstanding Shares.  The Adviser may be deemed to be the
beneficial owner of 5.48% of the outstanding Shares.

(c) Number of Shares As to Which Such Persons Have: (i) sole
power to vote or direct the vote: 380,031 (ii)  shared power
to vote or direct the vote: None

(iii)  sole power to dispose or to direct the disposition
of: 380,031

(iv)  shared power to dispose or to direct the disposition
of: None



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

Not Applicable.



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.


Page 5 of 6


Schedule 13G



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 purpose or
effect.

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.


Dated:   January 31, 1995

SOGEN INTERNATIONAL FUND, INC.
By:        /s/ Jean-Marie Eveillard
          JeanMarie Eveillard President

SOCIETE GENERALE ASSET MANAGEMENT CORP.
By:        /s/ Jean Marie Eveillard
          Jean Marie Eveillard President



                          Page 6 of 6