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1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 3) COMSTOCK RESOURCES, INC. ----------------------------------------- (Name of Issuer) COMMON STOCK ----------------------------------------- (Title of Class of Securities) 205768203 ----------------------------------------- (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 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). 2 CUSIP NO. 205768203 SCHEDULE 13G PAGE 2 OF 4 PAGES --------------------- ----- ----- (1) NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Liberty Life Insurance Company Federal Tax ID#57-0249218 --------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ] (B) [ ] N/A --------------------------------------------------------------------- (3) SEC USE ONLY --------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION State of South Carolina --------------------------------------------------------------------- (5) SOLE VOTING POWER NUMBER OF 475,000 SHARES -------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER OWNED BY 0 EACH -------------------------------------------------------- REPORTING (7) SOLE DISPOSITIVE POWER PERSON WITH 475,000 -------------------------------------------------------- (8) SHARED DISPOSITIVE POWER 0 -------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 475,000 --------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES* [ ] --------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 2.7% --------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON* IC --------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! PAGE 2 OF 4 PAGES ----- ----- 3 SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 SCHEDULE 13G Under The Securities Exchange Act of 1934 Item 1(a). Name of Issuer: Comstock Resources, Inc. Item 1(b). Address of Issuer's Principal Executive Offices: 5005 LBJ Freeway, Suite 1000 Dallas, TX 75244 Item 2(a). Name of Person Filing: Liberty Life Insurance Company Item 2(b). Address of Principal Business Office or, If None, Residence: P. O. Box 789 Greenville, South Carolina 29602 Item 2(c). Citizenship: State of South Carolina Item 2(d). Title of class of securities: Common Stock Item 2(e). CUSIP Number: 205768 20 3 Item 3. If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b), identify type of reporting person: Insurance Company as defined in Section 3(a)(19) of the Act Item 4. Ownership: (a) Amount Beneficially Owned: 475,000 shares (b) Percent of Class: 2.7% (c) Number of shares as to which such person has: (i) Sole Power to vote or direct the vote 475,000 shares (ii) Shared power to vote or direct the vote -0- (iii) Sole power to dispose or direct the disposition of 475,000 shares (iv) Shared power to dispose or direct the disposition of -0- Page 3 of 4 Pages. 4 Item 5. Ownership of Five Percent or Less of a Class: This statement is being filed to report that the Reporting Person has ceased to be the beneficial owner of more than five percent of the class of securities. 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 the 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 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. 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. February 4, 1997 /s/ Martha G. Williams ---------------------------------- Martha G. Williams, Vice President Page 4 of 4 Pages