-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 S7KgC7ZCtvv6BPwLySah6NCnTgXuRb+QYDNa9w0fvgtYoHWwdL87ZQAJ/OUN4aqr
 61NiPufV7J+YxxuhBqC1Zw==

<SEC-DOCUMENT>0000914121-03-000836.txt : 20030709
<SEC-HEADER>0000914121-03-000836.hdr.sgml : 20030709
<ACCEPTANCE-DATETIME>20030709170131
ACCESSION NUMBER:		0000914121-03-000836
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20030709

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/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-45788
		FILM NUMBER:		03780579

	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/A

	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/A
<SEQUENCE>1
<FILENAME>ch-royce_13ga1.txt
<DESCRIPTION>AMENDMENT NO. 1
<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. 1)*


                             ROYCE FOCUS TRUST INC.
                                (Name of Issuer)


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


                                   78080N 108
                                 (CUSIP Number)



                                  July 9, 2003


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. 78080N 10 8                  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

                                916,608
      NUMBER OF         --------------------------------------------------------
        SHARES          6       SHARED VOTING POWER
     BENEFICIALLY
       OWNED BY                 0
         EACH           --------------------------------------------------------
      REPORTING         7       SOLE DISPOSITIVE POWER
        PERSON
         WITH                   916,608
                        --------------------------------------------------------
                        8       SHARED DISPOSITIVE POWER

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

          916,608
- --------------------------------------------------------------------------------
10        CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
          (See Instructions)                                                [ ]
- --------------------------------------------------------------------------------
11        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

          10.0%
- --------------------------------------------------------------------------------
12        TYPE OF REPORTING PERSON

          CO
- --------------------------------------------------------------------------------

<PAGE>

- -----------------------------                       ---------------------------
CUSIP No. 78080N 10 8                  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;
<PAGE>

- -----------------------------                       ---------------------------
CUSIP No. 78080N 10 8                  13G               Page 4 of 5 Pages
- -----------------------------                       ---------------------------


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


Item 4.   Ownership.*

          (a)   Amount beneficially owned:   916,608 shares

          (b)   Percent of class:   10.0%

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

                (i)   Sole power to vote or to direct the vote: 916,608
                (ii)  Shared power to vote or to direct the vote: 0
                (iii) Sole power to dispose or to direct the disposition of:
                      916,608
                (iv)  Shared power to dispose or to direct the disposition of:
                      0

          * This amendment is intended to correct a clerical error in
          the Schedule 13G filed by Chilton Investment Company, Inc.,
          (the "Reporting Person") on July 2, 2003. The July 2, 2003
          filing erroneously reported the amount beneficially owned as
          835,350 shares; as corrected herein, the correct number is
          916,608 shares. This amendment is not intended to report a
          change in beneficial ownership

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.

Item 7.   Identification and Classification of the Subsidiary Which Acquired the
          Security Being Reported on by the Parent Holding Company or Control
          Person.

          Inapplicable.

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

          Inapplicable.
<PAGE>

- -----------------------------                       ---------------------------
CUSIP No. 78080N 10 8                  13G               Page 5 of 5 Pages
- -----------------------------                       ---------------------------


Item 9.   Notice of Dissolution of Group.

          Inapplicable.

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 9, 2003


                                       Chilton Investment Company, Inc.



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


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
