UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. )*

Lennar Corp

___________________________________________________________

(Name of Issuer)

 

Common Stock

___________________________________________________________

(Title of Class of Securities)

0000920760

_________________________________________________

(CUSIP Number)

October 31, 2002

___________________________________________________________

(Date of Event which Requires Filing of Statement)

 

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

[x] Rule 13d - 1(b)

[ ] 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 disclosures provided in a prior cover page.

The information required on the remainder of this 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))

 

 

CUSIP No. 526057104

1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):

BANK OF AMERICA CORPORATION 56-0906609

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ]

(b) [ ]

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION Delaware

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

 

 

5

6

 

7

8

SOLE VOTING POWER

0

SHARED VOTING POWER

5,212,730

SOLE DISPOSITIVE POWER

0

SHARED DISPOSITIVE POWER

5,628,247

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

5,628,597

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

[ ]

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

10.20%

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

HC

 

 

CUSIP No. 526057104

1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):

NationsBanc Montgomery Holdings Corporation

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ]

(b) [ ]

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION Delaware

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

 

 

5

6

 

7

8

SOLE VOTING POWER

0

SHARED VOTING POWER

25,090

SOLE DISPOSITIVE POWER

0

SHARED DISPOSITIVE POWER

25,090

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

25,090

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

[ ]

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

.04%

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

HC

 

 

CUSIP No. 526057104

1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):

Banc of America Securities, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ]

(b) [ ]

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION Delaware

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

 

 

5

6

 

7

8

SOLE VOTING POWER

25,090

SHARED VOTING POWER

0

SOLE DISPOSITIVE POWER

25,090

SHARED DISPOSITIVE POWER

0

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

25,090

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

[ ]

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

.04%

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

BD

 

 

CUSIP No. 526057104

1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):

Marsico Management Holdings, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ]

(b) [ ]

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION Delaware

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

 

 

5

6

 

7

8

SOLE VOTING POWER

0

SHARED VOTING POWER

5,041,915

SOLE DISPOSITIVE POWER

0

SHARED DISPOSITIVE POWER

5,457,782

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

5,457,782

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

[ ]

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

9.89%

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

HC

 

 

CUSIP No. 526057104

1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):

Marsico Capital Management, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ]

(b) [ ]

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION Delaware

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

 

 

5

6

 

7

8

SOLE VOTING POWER

5,041,915

SHARED VOTING POWER

0

SOLE DISPOSITIVE POWER

5,457,782

SHARED DISPOSITIVE POWER

0

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

5,457,782

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

[ ]

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

9.89%

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

IA

 

 

CUSIP No. 526057104

1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):

NMS Services Inc.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ]

(b) [ ]

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION Delaware

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

 

 

5

6

 

7

8

SOLE VOTING POWER

0

SHARED VOTING POWER

19,300

SOLE DISPOSITIVE POWER

0

SHARED DISPOSITIVE POWER

19,300

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

19,300

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

[ ]

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

.03%

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

CO

 

 

CUSIP No. 526057104

1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):

NMS Services (Cayman) Inc.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ]

(b) [ ]

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

 

 

5

6

 

7

8

SOLE VOTING POWER

19,300

SHARED VOTING POWER

0

SOLE DISPOSITIVE POWER

19,300

SHARED DISPOSITIVE POWER

0

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

19,300

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

[ ]

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

.03%

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

CO

 

 

CUSIP No. 526057104

1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):

NB Holdings Corporation

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ]

(b) [ ]

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

 

 

5

6

 

7

8

SOLE VOTING POWER

0

SHARED VOTING POWER

5,193,430

SOLE DISPOSITIVE POWER

0

SHARED DISPOSITIVE POWER

5,608,947

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

5,609,297

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

[ ]

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

10.17%

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

HC

 

 

CUSIP No. 526057104

1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):

Bank of America, NA

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ]

(b) [ ]

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION Delaware

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

 

 

5

6

 

7

8

SOLE VOTING POWER

7,020

SHARED VOTING POWER

5,161,320

SOLE DISPOSITIVE POWER

6,656

SHARED DISPOSITIVE POWER

5,577,201

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

5,584,207

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

[ ]

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

10.12%

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

BK

 

 

CUSIP No. 526057104

1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):

Banc of America Advisors, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ]

(b) [ ]

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION North Carolina

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

 

 

5

6

 

7

8

SOLE VOTING POWER

0

SHARED VOTING POWER

925,765

SOLE DISPOSITIVE POWER

0

SHARED DISPOSITIVE POWER

925,765

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

925,765

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

[ ]

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

1.68%

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

IA

 

 

CUSIP No. 526057104

1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):

Banc of America Capital Management LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ]

(b) [ ]

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION North Carolina

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

 

 

5

6

 

7

8

SOLE VOTING POWER

119,175

SHARED VOTING POWER

0

SOLE DISPOSITIVE POWER

119,175

SHARED DISPOSITIVE POWER

0

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

119,175

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

[ ]

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

.22%

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

IA

 

 

 

 

 

Item 1(a). Name of Issuer:

Lennar Corp

Item 1(b). Address of Issuer's Principal Executive Offices:

700 NW 107th Ave, Suite 300

Miami, FL 33172

Item 2(a). Name of Person Filing:

Bank of America Corporation

Bank of America, NA

NB Holdings Corporation

NMS Services Inc.

NMS Services (Cayman) Inc.

Marsico Management Holdings, LLC

Marsico Capital Management, LLC

Banc of America Advisors, LLC

Banc of America Capital Management, LLC

Banc of America Securities, LLC

NationsBanc Montgomery Holdings Corporation

 

Item 2(b). Address of Principal Business Office or, if None,

Residence:

Bank of America Corporation

100 North Tryon Street

Charlotte, NC 28255

Item 2(c). Citizenship:

Delaware

Item 2(d). Title of Class of Securities:

Common Stock

Item 2(e). CUSIP Number: 526057104

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) [x] 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).

Item 4. Ownership:

With respect to the beneficial ownership of the reporting person, see Items 5 through 11 of the cover pages to this Schedule 13G (p. 2), which are incorporated herein by reference.

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:

Not applicable.

Item 7. Identification and Classification of the Subsidiary which

Acquired the Security Being Reported on By the Parent

Holding Company:

Bank of America, NA

NB Holdings Corporation

NMS Services Inc.

NMS Services (Cayman) Inc.

Marsico Management Holdings, LLC

Marsico Capital Management, LLC

Banc of America Advisors, LLC

Banc of America Capital Management, LLC

Banc of America Securities, LLC

NationsBanc Montgomery Holdings Corporation

Item 8. Identification and Classification of Members of the

Group:

Not applicable.

Item 9. Notice of Dissolution of 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 and are held in the ordinary course of business and 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.

Dated: November 15, 2002

 

BANK OF AMERICA CORPORATION

BANK OF AMERICA, NA

 

By: /s/ Pamela P. Reed

Pamela P. Reed

Assistant Vice President

Corporate Compliance

NATIONSBANC MONTGOMERY HOLDINGS CORPORATION

 

By: /s/ Neil A. Cotty

Neil A. Cotty

Senior Vice President

BANC OF AMERICA SECURITIES, LLC

 

By: /s/ Ross L. Stevens

Ross L. Stevens

Managing Director

MARSICO MANAGEMENT HOLDINGS, LLC

 

By: /s/ Robert H. Gordon

Robert H. Gordon

President

 

MARSICO CAPITAL MANAGEMENT, LLC

 

By: /s/ Frances Amos

Frances Amos

Compliance Counsel

NMS SERVICES INC.

NMS SERVICES (CAYMAN) INC.

By: /s/ R. Kevin Beauregard

R. Kevin Beauregard

Vice President

NB HOLDINGS CORPORATION

By: /s/ Charles F. Bowman

Charles F. Bowman

Senior Vice President

Banc of America Advisors, LLC

Banc of America Capital Management, LLC

 

By: /s/ Michael Bernadino

Michael Bernadino as attorney-in-fact pursuant to the powers of attorney dated February 14, 2002 attached hereto as exhibits B & C

 

EXHIBIT A - JOINT FILING AGREEMENT

The undersigned hereby agree that they are filing this statement jointly pursuant to Rule 13d-1(k)(1). Each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.

Dated: November 15, 2002

 

BANK OF AMERICA CORPORATION

BANK OF AMERICA, NA

 

By: /s/ Pamela P. Reed

Pamela P. Reed

Assistant Vice President

Corporate Compliance

NATIONSBANC MONTGOMERY HOLDINGS CORPORATION

 

By: /s/ Neil A. Cotty

Neil A. Cotty

Senior Vice President

BANC OF AMERICA SECURITIES, LLC

 

By: /s/ Ross L. Stevens

Ross L. Stevens

Managing Director

MARSICO MANAGEMENT HOLDINGS, LLC

 

By: /s/ Robert H. Gordon

Robert H. Gordon

President

 

 

 

 

MARSICO CAPITAL MANAGEMENT, LLC

 

By: /s/ Frances Amos

Frances Amos

Compliance Counsel

NMS SERVICES INC.

NMS SERVICES (CAYMAN) INC.

By: /s/ R. Kevin Beauregard

R. Kevin Beauregard

Vice President

NB HOLDINGS CORPORATION

By: /s/ Charles F. Bowman

Charles F. Bowman

Senior Vice President

Banc of America Advisors, LLC

Banc of America Capital Management, LLC

 

By: /s/ Michael Bernadino

Michael Bernadino as attorney-in-fact pursuant to the powers of attorney dated February 14, 2002 attached hereto as exhibits B & C

 

EXHIBIT B - POWER OF ATTORNEY

 

KNOW ALL PERSONS BY THESE PRESENTS, that Banc of America Advisors, LLC hereby makes, constitutes and appoints Michael Bernadino and Vince Faughnan, and each of them acting individually, its true and lawful attorney with power to act without any other and with full power of substitution, to prepare, execute, deliver and file in its name and on its behalf, all filings required under Section 13 of the Securities Exchange Act of 1934, and all exhibits thereto and all documents in support thereof or supplemental thereto, and any and all amendments or supplements to the foregoing, hereby ratifying and confirming all acts and things which said attorneys or attorney might do or cause to be done by virtue hereof.

IN WITNESS WHEREOF, Banc of America Advisors, LLC has caused this power of attorney to be signed on its behalf as of the date indicated below.

BANC OF AMERICA ADVISORS, LLC

 

By: __/s/ Edward D Bedard

Edward D. Bedard

Managing Director

 

 

February 14, 2002

 

EXHIBIT C - POWER OF ATTORNEY

 

KNOW ALL PERSONS BY THESE PRESENTS, that Banc of America Capital Management, LLC hereby makes, constitutes and appoints Michael Bernadino and Vince Faughnan, and each of them acting individually, its true and lawful attorney with power to act without any other and with full power of substitution, to prepare, execute, deliver and file in its name and on its behalf, all filings required under Section 13 of the Securities Exchange Act of 1934, and all exhibits thereto and all documents in support thereof or supplemental thereto, and any and all amendments or supplements to the foregoing, hereby ratifying and confirming all acts and things which said attorneys or attorney might do or cause to be done by virtue hereof.

IN WITNESS WHEREOF, Banc of America Capital Management, LLC has caused this power of attorney to be signed on its behalf as of the date indicated below.

BANC OF AMERICA CAPITAL MANAGEMENT, LLC

 

By: /s/ Edward D. Bedard

Edward D. Bedard

Managing Director

 

 

February 14, 2002