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FORM 3 OMB APPROVAL
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OMB Number 3235-0104
Expires: October 31, 2001
Estimated average burden
hours per response .............0.5
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U. S. SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 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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1. Name and Address of Reporting Person
Appleby Partners, Ltd.
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(Last) (First) (MI)
551 Fifth Avenue, Suite 1625
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(Street)
New York NY 10176
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(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
12/15/99
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3. I.R.S Identification Number of Reporting Person
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4. Issuer Name and Ticket or Trading Symbol
H. Quotient Inc. (HQNT)
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5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
Not Applicable
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7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
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Form filed by More than One Reporting Person
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TABLE I - Non-Derivative Securities Beneficially Owned
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<TABLE>
<CAPTION>
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1. Title of Security | 2. Amount of Securities | 3. Ownership Form: | 4. Nature of Indirect Beneficial
(Instr. 4) | Beneficially Owned | Direct (D) or Indirect | Ownership (Instr. 5)
| (Instr. 4) | (I) (Instr. 5) |
<S> <C> <C> <C>
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Common Stock | 1,573,043 | I | By Steven W. Bingaman 1996 Trust
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</TABLE>
Reminder: Report on a seperate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see
Instruction 5(b)(v).
(Over)
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<TABLE>
<CAPTION>
FORM 3 (continued) Table II -- Derivative Securities Benefically Owned
(e.g., puts, calls, warrants, options, convertible securities)
<S> <C>
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1. Title of Derivative Security (Instr. 4)
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Warrants to purchase Common Stock
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2. Date Exercisable and Expiration Date |3. Title and Amount of Securities | 4. Conversion or Exercise |
(Month/Day/Year) | Underlying Derivative Security | Price of Derivative |
| (Instr. 4) | Security |
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| | | Ammount or | |
| | | Number of | |
Date Exercisable | Expiration Date | Title | Shares | |
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7/95 | 7/00 | Warrant | 325,000 | $2.00 |
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6/00 | 6/04 | Class A Redeemable Wts. | 1,438,043 | $5.00 |
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8/97 | 6/00 | Purchase Warrant | 575,000 | $1.00 |
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8/97 | 6/00 | Purchase Warrant | 200,000 | $1.50 |
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8/97 | 6/00 | Purchase Warrant | 129,971 | $2.00 |
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8/97 | 1/02 | Purchase Warrant | 180,000 | $2.00 |
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12/95 | 12/00 | Redeemable Bridge Wts. | 250,000 | $7.00 |
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6/00 | 6/04 | Class A Redeemable Wts. | 233,500 | $5.00 |
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5. Ownership Form of Derivative | 6. Nature of Indirect
Security: Direct (D) or | Beneficial Ownership
Indirect (I) (Instr. 5) | (Instr. 5)
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I | S. Bingaman Trust
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I | S. Bingaman Trust
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D | Appleby Partners
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D | Appleby Partners
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D | Appleby Partners
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D | Appleby Partners
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D | Appleby Partners
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D | Appleby Partners
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Explanation of Responses:
</TABLE>
** 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 provided is insufficient, See instruction 6 for procedure.
By: /s/ Steven W. Bingaman, President 12/10/99
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Appleby Partners, Ltd. Date
**Signature of Reporting Person
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