SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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

Autozone, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

053332102

(CUSIP Number)

January 31, 1999

(Date of Event Which Requires Filing of this 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)


1 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).


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 CUSIP No. 053332102                 13G       Page 2 of __5__ Pages
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================================================================================
  1.    NAMES OF REPORTING PERSONS
        I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
        W.P. Stewart & Co., Ltd.    Tax I.D. # -- not applicable
--------------------------------------------------------------------------------
  2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*              (a) / /
                                                                       (b) / /

--------------------------------------------------------------------------------
  3.    SEC USE ONLY


--------------------------------------------------------------------------------
  4.    CITIZENSHIP OR PLACE OF ORGANIZATION

        Hamilton, Bermuda
--------------------------------------------------------------------------------
NUMBER OF
SHARES            5.      SOLE VOTING POWER

                          19,501,000
                ----------------------------------------------------------------
BENEFICIALLY
OWNED BY          6.      SHARED VOTING POWER
                          None
                ----------------------------------------------------------------
EACH
REPORTING         7.      SOLE DISPOSITIVE POWER
                          19,501,000
                ----------------------------------------------------------------
PERSON
WITH              8.      SHARED DISPOSITIVE POWER
                          None
--------------------------------------------------------------------------------
9.      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

        19,501,000
--------------------------------------------------------------------------------
10.     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
        CERTAIN SHARES*                                                     / /

--------------------------------------------------------------------------------
11.     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

        13.00%
--------------------------------------------------------------------------------
12.     TYPE OF REPORTING PERSON*

        Investment Adviser
--------------------------------------------------------------------------------

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!


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 CUSIP No.053332102                  13G       Page 3 of __5__ Pages
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ITEM 1(a).     NAME OF ISSUER:

               Autozone, Inc.
               -----------------------------------------------------------------

ITEM 1(b).      ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

                123 South Front Street, Memphis, TN  38103
                ----------------------------------------------------------------

ITEM 2(a).      NAME OF PERSON FILING:

                W.P. Stewart & Co., Ltd.
                ----------------------------------------------------------------

ITEM 2(b).      ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

                129 Front Street Hamilton HM 12 Bermuda
                ----------------------------------------------------------------

ITEM 2(c).      CITIZENSHIP.

                Bermudian
                ----------------------------------------------------------------

ITEM 2(d).      TITLE OF CLASS OF SECURITIES:

                Common Stock
                ----------------------------------------------------------------

ITEM 2(e).      CUSIP NUMBER:

                053332102
                ----------------------------------------------------------------

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:

               (e)  /x/  Investment adviser in accordance with
                         Rule 13d-1(b)(1)(ii)(E),

ITEM 4.         OWNERSHIP.

                Provide the following information regarding the aggregate number
                and  percentage  of  the  class  of  securities  of  the  issuer
                identified in Item 1.

                (a)     Amount beneficially owned:

                19,501,000
                ----------------------------------------------------------------

                (b)     Percent of class:

                13.00%
                ----------------------------------------------------------------

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


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 CUSIP No.053332102                 13G         Page 4 of __5__ Pages
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     (i)     Sole power to vote or to direct the vote 19,501,000
                                                      --------------------------

     (ii)    Shared power to vote or to direct the vote      none
                                                        ------------------------

     (iii)   Sole power to dispose or to direct the disposition of 19,501,000
                                                                   -------------

     (iv)    Shared power to dispose or to direct the disposition of none
                                                                     -----------
---------

ITEM 5.      OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

             "Not applicable"


ITEM 6.      OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.


             W.P. Stewart & Co., Ltd.  ("WPSL") may be deemed to be a beneficial
             owner of the securities reflected herein for purposes of Rule 13(d)
             as a result of its power to make investment  decisions with respect
             to such securities on behalf of many unrelated  investment advisory
             clients  of the  firm.  However,  WPSL  does not have any  economic
             interest in the portfolio  securities of such clients,  who are the
             owners of such securities and have the sole right to receive and to
             direct the receipt of dividends from, or the proceeds from any sale
             of,  such  securities.  No client  of WPSL has a greater  than five
             percent  interest in the class of securities of the issuer reported
             herein.


ITEM 7.      IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
             THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.

             Not applicable.


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.


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 CUSIP No.053332102                   13G       Page 5 of __5__ Pages
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                                   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.

                                                      2/5/99
                                        ----------------------------------------
                                                         (Date)

                                                 /s/ Lisa D. Levey
                                        ----------------------------------------
                                                      (Signature)

                                           Lisa D. Levey--General Counsel
                                        ----------------------------------------


                                                     (Name/Title)