SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2 UNDER THE SECURITIES AND EXCHANGE ACT OF 1934 (Amendment No. 2 )* --- Redwood Trust, Inc. ---------------------------------------------------------------------------- (Name of Issuer) Common Stock ---------------------------------------------------------------------------- (Title of Class of Securities) 758075402 ---------------------------------------------------------------------------- (CUSIP Number) - ----------------------- * 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 disclosures provided in a prior cover page. The information required on 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). (Continued on following page(s)) Page 1 of 8 Pages CUSIP No. 758075402 13G Page 2 of 8 Pages --------- --- --- - ------------------------------------------------------------------------------- (1) Name of Reporting Persons. S.S. or I.R.S. Identification No. of Above Person The TCW Group, Inc. - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) /X/ - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Citizenship or Place of Organization Nevada Corporation - ------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Beneficially Power 194,400 Owned by -------------------------------------------------- Each Reporting (6) Shared Voting Person With Power -0- -------------------------------------------------- (7) Sole Dispositive Power 194,400 -------------------------------------------------- (8) Shared Dispositive Power -0- - ------------------------------------------------------------------------------- (9) Aggregate Amount Beneficially Owned by Each Reporting Person 194,400 - ------------------------------------------------------------------------------- (10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (11) Percent of Class Represented by Amount in Row (9) 1.5% (see response to Item 4) - ------------------------------------------------------------------------------- (12) Type of Reporting Person* HC/CO - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 758075402 13G Page 3 of 8 Pages --------- --- --- - ------------------------------------------------------------------------------- (1) Name of Reporting Persons. S.S. or I.R.S. Identification No. of Above Person Robert Day - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) / / of a Group* (b) /X/ - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Citizenship or Place of Organization United States Citizen - ------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Beneficially Power 534,400 Owned by -------------------------------------------------- Each Reporting (6) Shared Voting Person With Power -0- -------------------------------------------------- (7) Sole Dispositive Power 534,400 -------------------------------------------------- (8) Shared Dispositive Power -0- - ------------------------------------------------------------------------------- (9) Aggregate Amount Beneficially Owned by Each Reporting Person 534,400 - ------------------------------------------------------------------------------- (10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (11) Percent of Class Represented by Amount in Row (9) 4.1% (see response to Item 4) - ------------------------------------------------------------------------------- (12) Type of Reporting Person*7 HC/IN - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 4 of 8 Pages Item 1(a). Name of Issuer: Redwood Trust, Inc. Item 1(b). Address of Issuer's Principal Executive Offices: 591 Redwood Highway Suite 3100 Mill Valley, CA 94941 Item 2(a). Name of Persons Filing: Item 2(b). Address of Principal Business Office: Item 2(c). Citizenship: The TCW Group, Inc. 865 South Figueroa Street Los Angeles, CA 90017 (Nevada Corporation) Robert Day 200 Park Avenue, Suite 2200 New York, New York 10166 (United States Citizen) Item 2(d). Title of Class of Securities: Common Stock Item 2(e). CUSIP Number: 758075402 Page 5 of 8 Pages Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) [ ] Broker or Dealer registered under Section 15 of the Act: Not applicable (b) [ ] Bank as defined in Section 3(a)(6) of the Act: Not applicable (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act: Not applicable (d) [ ] Investment Company registered under Section 8 of the Investment Company Act: Not applicable (e) [ ] Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940: Not applicable (f) [ ] Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund (SEE 13d-1(b)(1)(ii)(F)): Not applicable (g) [X] Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G) (SEE Item 7): The TCW Group, Inc. Robert Day (individual who may be deemed to control The TCW Group, Inc. and other holders of the Common Stock of the issuer) (h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H): Not applicable. Page 6 of 8 Pages Item 4. Ownership ** THE TCW GROUP, INC. (a) Amount beneficially owned: 194,400 (b) Percent of class: 1.5% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 194,400 (ii) Shared power to vote or to direct the vote: none. (iii) Sole power to dispose or direct the disposition of: 194,400 (iv) Shared power to dispose or to direct the disposition of: none. ROBERT DAY *** (a) Amount beneficially owned: 534,400 (b) Percent of class: 4.1% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 534,400 (ii) Shared power to vote or to direct the vote: none. (iii) Sole power to dispose or direct the disposition of: 534,400 - ------------------- ** The filing of this Schedule 13G shall not be construed as an admission that the reporting person or any of its affiliates is, for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, the beneficial owner of any securities covered by this Schedule 13G. In addition, the filing of this Schedule 13G shall not be construed as an admission that the reporting person or any of its affiliates is the beneficial owner of any securities covered by this Schedule 13G for any other purposes than Section 13(d) of the Securities Exchange Act of 1934. *** Shares reported for Robert Day include shares reported for The TCW Group, Inc. Page 7 of 8 Pages (iv) Shared power to dispose or to direct the disposition of: none. Item 5. Ownership of Five Percent or Less of a Class. 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. SEE Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. SEE Exhibits A and B. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certification. Because this statement is filed pursuant to Rule 13d-1(b), the following certification is included: 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. Page 8 of 8 Pages 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 this 7th day of August, 1997. The TCW Group, Inc. By: /s/ Mohan V. Phansalkar ___________________________ Mohan V. Phansalkar Authorized Signatory Robert Day By: /s/ Mohan V. Phansalkar ___________________________ Mohan V. Phansalkar Under Power of Attorney dated January 30, 1996, on File with Schedule 13G Amendment Number 1 for Matrix Service Co. dated January 30, 1996.