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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000914121-03-000823.txt : 20030702
<SEC-HEADER>0000914121-03-000823.hdr.sgml : 20030702
<ACCEPTANCE-DATETIME>20030702172321
ACCESSION NUMBER:		0000914121-03-000823
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20030702

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ROYCE FOCUS TRUST INC
		CENTRAL INDEX KEY:			0000825202
		IRS NUMBER:				592876580
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-45788
		FILM NUMBER:		03772955

	BUSINESS ADDRESS:	
		STREET 1:		1414 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		2125084578

	MAIL ADDRESS:	
		STREET 1:		C/O QUEST ADVISORY CORP
		STREET 2:		1414 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ROYCE GLOBAL TRUST INC
		DATE OF NAME CHANGE:	19961203

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALL SEASONS GLOBAL FUND INC
		DATE OF NAME CHANGE:	19950803

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAS ALL SEASON FUND INC
		DATE OF NAME CHANGE:	19920703

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHILTON INVESTMENT CO INC
		CENTRAL INDEX KEY:			0001085969
		IRS NUMBER:				133667517
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		1266 EAST MAIN STREET
		STREET 2:		7TH FLOOR
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06902
		BUSINESS PHONE:		2033524000

	MAIL ADDRESS:	
		STREET 1:		1266 EAST MAIN STREET
		STREET 2:		7TH FLOOR
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06902
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>ch-royce_13g.txt
<DESCRIPTION>SCHEDULE 13G
<TEXT>

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G
                                 (Rule 13d-102)

             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
           TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
                            PURSUANT TO RULE 13d-2(b)
                              (Amendment No. ___)*


                             ROYCE FOCUS TRUST INC.
                                (Name of Issuer)


                     Common Stock, par value $0.01 per share
                         (Title of Class of Securities)


                                   78080N 10 8
                                 (CUSIP Number)



                               September 26, 2002
             (Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

|_|    Rule 13d-1(b)

|X|    Rule 13d-1(c)

|_|    Rule 13d-1(d)

*  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).

<PAGE>

- -----------------------                                       ------------------
CUSIP No. 78080N108                   13G                     Page 2 of 5 Pages
- -----------------------                                       ------------------


- --------------------------------------------------------------------------------
1.    NAMES OF REPORTING PERSONS
      I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

      Chilton Investment Company, Inc.

      13-3667517
- --------------------------------------------------------------------------------
2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                                        (a) [ ]
                                                                        (b) [X]
- --------------------------------------------------------------------------------
3.    SEC USE ONLY


- --------------------------------------------------------------------------------
4.    CITIZENSHIP OR PLACE OF ORGANIZATION

      State of Delaware
- --------------------------------------------------------------------------------
              5.     SOLE VOTING POWER

                     835,350
  NUMBER OF   ------------------------------------------------------------------
   SHARES     6.     SHARED VOTING POWER
BENEFICIALLY
  OWNED BY           0
    EACH      ------------------------------------------------------------------
  REPORTING   7.     SOLE DISPOSITIVE POWER
   PERSON
    WITH             835,350
              ------------------------------------------------------------------
              8.     SHARED DISPOSITIVE POWER

                     0
- --------------------------------------------------------------------------------
9.    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

      835,350
- --------------------------------------------------------------------------------
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See
      Instructions)
                                                                            [ ]
- --------------------------------------------------------------------------------
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

      9.1%
- --------------------------------------------------------------------------------
12.   TYPE OF REPORTING PERSON (See Instructions)

      CO
- --------------------------------------------------------------------------------
<PAGE>

- -----------------------                                       ------------------
CUSIP No. 78080N108                   13G                      Page 3 of 5 Pages
- -----------------------                                       ------------------



Item 1(a).         Name of Issuer.
                   Royce Focus Trust, Inc.

Item 1(b).         Address of Issuer's Principal Executive Offices.
                   1414 Avenue of the Americas
                   New York, New York  10019

Item 2(a).         Names of Person Filing.
                   Chilton Investment Company, Inc.

Item 2(b).         Address of Principal Business Office or, if None, Residence.
                   1266 East Main Street, 7th Floor
                   Stamford, CT 06902

Item 2(c).         Citizenship.
                   State of Delaware

Item 2(d).         Title of Class of Securities.
                   Common Stock

Item 2(e).         CUSIP Number.
                   78080N 10 8


Item 3.   If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or
          (c), Check Whether the Person Filing is a:

      (a) |_| Broker or dealer registered under Section 15 of the Exchange Act.

      (b) |_| Bank as defined in Section 3(a)(6) of the Exchange Act.

      (c) |_| Insurance company as defined in Section 3(a)(19) of the Exchange
              Act.

      (d) |_| Investment company registered under Section 8 of the Investment
              Company Act.

      (e) |_| An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

      (f) |_| An employee benefit plan or endowment fund in accordance with Rule
              13d-1(b)(1)(ii)(F);

      (g) |_| A parent holding company or control person in accordance with Rule
              13d-1(b)(1)(ii)(G);

      (h) |_| A savings association as defined in Section 3(b) of the Federal
              Deposit Insurance Act;

      (i) |_| A church plan that is excluded from the definition of an
              investment company under Section 3(c)(14) of the Investment
              Company Act;

      (j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

<PAGE>

- -----------------------                                       ------------------
CUSIP No. 78080N108                   13G                     Page 4 of 5 Pages
- -----------------------                                       ------------------



Item 4.      Ownership.

             (a)   Amount beneficially owned: 835,350

             (b)   Percent of class: 9.1%

             (c)   Number of shares as to which the person has:

                   (i)    Sole power to vote or to direct the vote: 835,350
                   (ii)   Shared power to vote or to direct the vote: 0
                   (iii)  Sole power to dispose or to direct the disposition
                          of: 835,350
                   (iv)   Shared power to dispose or to direct the disposition
                          of: 0

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 |_|.

Item 6.      Ownership of More than Five Percent on Behalf of Another Person.

             Inapplicable.

             Identification and Classification of the Subsidiary Which Acquired
             the Security Being Reported on by the Parent Holding Company or
             Control Person.

Item 7.      Inapplicable.

Item 8.      Identification and Classification of Members of the Group.

             Inapplicable.

Item 9.      Notice of Dissolution of Group.

             Inapplicable.
<PAGE>

- -----------------------                                       ------------------
CUSIP No. 78080N108                   13G                     Page 5 of 5 Pages
- -----------------------                                       ------------------



Item 10.     Certifications.

    By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above 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
the securities and were not acquired and are not held in connection with or as a
participant in any transaction having that 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.

Date: July 2, 2003


                                       Chilton Investment Company, Inc.


                                       By: /s/ James Steinthal
                                           ------------------------------
                                           Name:  James Steinthal
                                                  Senior Vice President

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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