SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Under the Securities and Exchange Act of 1934 (Amendment No. 2 ) BASSETT FURNITURE INDUSTRIES (Name of Issuer) Common (Title of Class of Securities ) 070203104 (CUSIP NUMBER) A cross appears below if a fee is being paid with this statement1) Name of Reporting SS or IRS Identification Pioneering Management Nos. of Above Persons Corporation 2) Check the Appropriate Box (a) of A Member of Group (See Instructions) (b) X 3) SEC Use Only 4) Citizenship of Place of Organization Number of (5) Sole Voting Power 644000 Shares Beneficially Owned (6) Shared Voting Power 0 by Each Reporting Person With (7) Sole Dispositive 0 Power (8) Shared Dispositive 644000 Power 9) Aggregate Amount Bene- 644000 ficially Owned by Each Reporting Person 10) Check if the aggregate Amount in Row (9) Ex- clude Certain Shares (See Instructions) 11) Percent of Class Represented By Amount in Row 9. 4.54% 12) Type of Reporting Person (See Instructions) IA Item 1(a) Name of Issuer. BASSETT FURNITURE INDUSTRIES Item 1(b) Address of User's Principal Executive Office's Mr. B. M. Brammer Executive Vice President - Finance BASSETT FURNITURE INDUSTRIES Main Street Bassett, VA 24055 Item 2(a) Name of Person Filing. Pioneering Management Corporation Item 2(b) Address of Principal Business Office: 60 State Street, Boston, MA 02109 Item 2(c) Citizenship: State Of Delaware - Pioneering Management Corporation. Item 2(d) Title of Class of Securities. Common Stock Item 2(e) CUSIP Number. 070203104 Item 3 The person filing this statement pursuant to Rule 13-1(b) or 13d-2 is: (a) Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940. Item 4. Ownership (a) Amount Beneficially Owned 644000 (b) Percent of Class 4.54% (c) Number of shares as to which such person has (i) sole power to vote or to direct the vote 644000 (ii) shared power to vote or to direct vote 0 (iii) sole power to dispose or to direct disposition of 0 (iv) shared power to dispose or to direct disposition 644000 Item 5. Ownership of Five Percent or Less of a Class. Inapplicable. 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. Inapplicable. Item 8. Identification and Classification of Members of the Group. Inapplicable. Item 9. Notice of Dissolution of the Group. Inapplicable. 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 transactions having such purposes or effect. After reasonable inquiry and to the best of my knowledge and believe, I certify that the information set forth in this statement is true, complete and correct. January 3, 1996 Date /s/ William H. Keough Signature William H. Keough, Senior Vice Present Chief Financial Officer and Treasure Type Name and Title