UNITED STATES SECURITIES AND EXCHANGE
COMMISSION
Washington, DC 20549
INITIAL STATEMENT OF BENEFICIAL
OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934, Section
17(a) of the Public Utility Holding
Company Act of 1935 or Section 30(f) of
the Investment Company Act of 1940
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(Print or Type Responses)
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1. Name and Address of Reporting Person*
Schwab, Jr. Charles
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(Last) (First) (Middle)
c/o Internet Holdings, Inc. 16 Curzon Street
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(Street)
Mayfair London United Kingdom W1Y 7FF
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(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
August 14, 2000
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3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
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4. Issuer Name and Tickler or Trading Symbol
Internet Holdings, Inc. (HTTP)
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<PAGE>
Form 3 (Continued)
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_X_ Director ___ 10% Owner
___ Officer (give title below) ___ Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Beneficially Owned
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1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of
Beneficially Owned Direct (D) or Beneficial
Indirect (I) Ownership
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<S> <C> <C> <C>
Common Stock, par value $0.001 100,000 I Member and
Director of
Kensington
Value Fund, LLC
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</TABLE>
<PAGE>
Form 3 (Continued)
<TABLE>
<CAPTION>
Table II-- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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Title of Date Exercisable Title and Amount of Conversion or Ownership Form Nature of
Derivative and Expiration Securities Underlying Exercise of Derviative Beneficial
Security Date Derivative Security Price of Securities: Ownership
(M/D/Y) Derivative Direct (D) or
Security Indirect (I)
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<S> <C> <C> <C> <C> <C>
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. Explanation of Responses
/s/ Charles Schwab, Jr. 9/27/00
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**Signature of Reporting Person Date
* If the form is filed by more than one reporting person, see Instruction
5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If
space is insufficient, See Instruction 6 for procedure.
