<PAGE> 1
---------------------------
OMB APPROVAL
---------------------------
OMB Number: 3235-0145
Expires: December 31, 1997
Estimated average burden
hours per response....14.90
---------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)*
SMARTALK TELESERVICES, INC.
-----------------------------------------
(Name of Issuer)
COMMON STOCK
-----------------------------------------
(Title of Class of Securities)
83169A100
-----------------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ].
(A fee is not required only if the filing person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class
of securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*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 ("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).
PAGE 1 OF 7 PAGES
<PAGE> 2
CUSIP NO. 83169A100 SCHEDULE 13G PAGE 2 OF 7 PAGES
--------------------- ----- -----
(1) NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SMARTALK PARTNERS, LLC
33-0687022
---------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ X ]
---------------------------------------------------------------------
(3) SEC USE ONLY
---------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 1,595,000
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 0
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 1,595,000
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,595,000 Shares
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES* [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.2%
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
OO
---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 2 OF 7 PAGES
----- -----
<PAGE> 3
CUSIP NO. 83169A100 SCHEDULE 13G PAGE 3 OF 7 PAGES
--------------------- ----- -----
(1) NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
AMRE YOUNESS
---------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
---------------------------------------------------------------------
(3) SEC USE ONLY
---------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 1,595,000
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 0
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 1,595,000
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,595,000 SHARES
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES* [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.2%
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
IN
---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4
CUSIP No. 83169A100 13G Page 4 of 7 Pages
Item 1(a) Name of Issuer:
SmarTalk TeleServices, Inc.
Item 1(b) Address of Issuer's Principal Executive
Offices:
1640 South Sepulveda Boulevard
Suite 500
Los Angeles, California 90025
Item 2(a) Name of Person Filing:
SmarTalk Partners, LLC
Amre Youness
Item 2(b) Address of Principal Business Office or,
if none, Residence:
3 Civic Plaza
Suite 170
Newport Beach, California 92660
Item 2(c) Citizenship:
SmarTalk Partners, LLC: California
Amre Youness: United States
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
83169A100
Item 3 Inapplicable
<PAGE> 5
CUSIP No. 83169A100 13G Page 5 of 7 Pages
Item 4 Ownership:
(a) Amount Beneficially Owned
SmarTalk Partners, LLC: 1,595,000 Shares
Amre Youness: 1,595,000 Shares(1)
(b) Percent of Class:
SmarTalk Partners, LLC: 9.2%
Amre Youness: 9.2%
(c) Number of Shares as to Which Such Person
Has:
(i) Sole power to vote
SmarTalk Partners, LLC:
1,595,000
Amre Youness: 1,595,000
(ii) Shared power to vote or
to direct the vote
None
(iii) Sole power to dispose or
to direct the disposition
of
SmarTalk Partners, LLC:
1,595,000
Amre Youness: 1,595,000
(iv) Shared power to dispose
or to direct the
disposition of
None
- --------
(1) Amre Youness may be deemed the beneficial owner of the shares owned by
SmarTalk Partners, LLC by virtue of his status as its sole manager. Mr. Youness
disclaims beneficial ownership of these securities except to the extent of his
pecuniary interest therein.
<PAGE> 6
CUSIP No. 83169A100 13G Page 6 of 7 Pages
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 Group:
Inapplicable.
Item 10 Certification:
Inapplicable.
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.
Date: November 6, 1997
SmarTalk Partners, LLC
By: /s/ Amre Youness
_____________________________
Amre Youness, Manager
/s/ Amre Youness
________________________________
Amre Youness
<PAGE> 7
CUSIP No. 83169A100 13G Page 7 of 7 Pages
Pursuant to the requirements of Rule 13d-1(f) under the Securities
Exchange Act of 1934, the undersigned hereby agree that the foregoing statement
on Schedule 13G is filed on behalf of each of them.
Dated: November 6, 1997
SmarTalk Partners, LLC
By: /s/ Amre Youness
_____________________________
Amre Youness, Manager
/s/ Amre Youness
________________________________
Amre Youness
