SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                 SCHEDULE TO-T/A-2

           TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


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                                           First City Liquidating Trust
                                             (Name of Subject Company)
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                                             New Coronado Corporation
                                        (Name of Filing Persons (Offeror))
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                                            Class C Beneficial Interest
                                          (Title of Class of Securities)
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                                                    33762E 20 7
                      (CUSIP Number of Class of Securities)
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                                                   Russell Molina
                                                  New Coronado Corporation
                                                   4900 Woodway Suite 650
                                                     Houston, TX 77056
                                                        877-966-3268

                (Name, Address and Telephone Numbers of Person Authorized
           to Receive Notices and Communications on Behalf of Filing Persons)

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                                                          Copy to:

                                                  Steven W. Schuster, Esq.
                                                  McLaughlin & Stern, LLP
                                                     260 Madison Avenue
                                                     New York, NY 10023
                                                       (212) 448-1100
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                                             CALCULATION OF FILING FEE

Transaction Valuation                                      Amount of Filing Fee
$555,183.000                                                  $111.04*

* Previously paid.

[ ] Check Box if any part of the fee is offset as provided by Rule 0-11(a)(2)
and identify the filing with which the offsetting fee was previously paid.
Identify the previous filing by registration statement number, or the Form or
Schedule and the date of its filing.


Amount Previously Paid:   __________                     Filing Party:__________

Form or Registration No.: __________                     Date Filed: ___________

     [  ]  Check  the  box  if  the  filing   relates   solely  to   preliminary
communications  made  before  the  commencement  of a tender  offer.  Check  the
appropriate  boxes below to designate  any  transactions  to which the statement
relates:

[X] third-party tender offer subject to Rule 14d-1.
[ ] issuer tender offer subject to Rule 13e-4.
[ ] going-private transaction subject to Rule 13e-3.
[ ] amendment to Schedule 13D under Rule 13d-2.

     Check the  following box if the filing is a final  amendment  reporting the
results of the tender offer: [X]

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     This Amendment No. 2 amends and  supplements  the Tender Offer Statement on
Schedule TO originally  filed with the Securities and Exchange  Commission  (the
"Commission")  on May 18,  2001 as  amended  by  Amendment  No. 1 filed with the
Commission on June 28, 2001 (the  "Schedule  TO"),  relating to the offer by New
Coronado Corporation (the "Purchaser")to  purchase fifty one (51) percent of the
issued and outstanding Class C Beneficial Interest Certificates ("Certificates")
of First City Liquidating Trust, (the "Trust"), at a purchase price of $1.50 per
Certificate,  net to the  seller  in cash,  upon the terms  and  subject  to the
conditions  set forth in the Offer to Purchase dated May 18, 2001 (the "Offer to
Purchase")  and in the  related  Letter of  Transmittal  dated May 18, 2001 (the
"Letter of  Transmittal"),(which,  together with any  amendments or  supplements
thereto, collectively constitute the "Offer"). The Certificates are not entitled
to dividends.  The Certificates are last in line to the liquidated assets of the
Trust and retain no voting rights. The Trust has no voting securities issued and
outstanding.

                                                    Schedule TO

       All information in the Offer documents are incorporated herein by this
reference in response to all of the items set forth in this Schedule TO.


       The Schedule TO is hereby supplemented and/or amended as provided below.

ITEM 8.  INTERESTS IN SECURITIES OF THE SUBJECT COMPANY.

            Item 8 of the Schedule TO is amended by adding the following:

     At 5:00 P.M.,  Houston time,  on August 10, 2001 the extended  tender offer
expired. Based on a preliminary count, approximately 63,896 Shares were tendered
and not  withdrawn.  On August 11,  2001,  all Shares  validly  tendered and not
withdrawn prior to the expiration of the Offer were accepted for payment.


                                                    SIGNATURES

         After due 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: October 19, 2001

                                       New Coronado Corporation
                                       a Panama Corporation

                                       By:    /s/Russell Molina
                                       Name:  Russell Molina_________
                                       Title:  Attorney-in-Fact______