Item 1. Security and Issuer.
The class of securities to which this statement relates is the Common
Stock, par value $0.01 per share ("Common Stock") of Envirodyne Industries, Inc.
(the "Issuer"), a Delaware corporation. The address of the principal executive
offices of the Issuer is:
Envirodyne Industries, Inc.
701 Harger Road, Suite 198
Oak Brook, Illinois 60521
Item 2. Identity and Background.
Zapata Corporation ("Zapata") is a Delaware corporation engaged in the
businesses of natural gas compression, gas gathering, processing and marketing,
marine protein operations, and Bolivian oil and gas operations.
Other persons enumerated in Instruction C
The persons enumerated in Instruction C to Schedule 13D and their
respective residence or business addresses, principal occupation or employment
and name, principal business and address in which such employment is conducted
are set forth in Appendix A hereto, which is incorporated herein by reference.
Each such person is a citizen of the United States.
Neither Zapata nor, to the knowledge of Zapata, any other person
enumerated in Instruction C to Schedule 13D, during the last five years, (i) has
been convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or (ii) was a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
The consideration used to purchase the shares of Common Stock of the
Issuer to which this Schedule 13D relates was Zapata's subordinated promissory
note in the principal amount of $18,780,623, payable to the order of Malcolm I.
Glazer, as trustee of the Malcolm I. Glazer trust. The subordinated promissory
note bears interest at the prime rate, payable quarterly, matures on August 7,
1997, and may be prepaid at any time at the option of Zapata without premium or