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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
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MAY & SPEH, INC.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
577777 10 5
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(CUSIP Number)
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* 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).
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CUSIP NO. 577777 10 5 13G PAGE OF PAGES
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NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
May & Speh, Inc. Employee Stock Ownership Plan
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Not applicable.
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SOLE VOTING POWER
5
NUMBER OF 2,176,678
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
6,190,154
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7
REPORTING 2,176,678
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
6,190,154
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
8,366,832
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
33.4%
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TYPE OF REPORTING PERSON*
12
EP
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ITEM 1.
(a) Name of Issuer.
May & Speh, Inc.
(b) Address of Issuer's Principal Executive Offices.
1501 Opus Place
Downers Grove, Illinois 60515
ITEM 2.
(a) Name of Person Filing.
May & Speh, Inc. Employee Stock Ownership Plan (the "ESOP")
(b) Address of Principal Business Office or, if none, Residence.
c/o Cole Taylor Bank, Trustee
Attn: John G. Hommel, J.D.
850 West Jackson Boulevard
Chicago, Illinois 60607
(c) Citizenship.
Not applicable.
(d) Title of Class of Securities.
Common Stock, $.01 par value
(e) CUSIP Number.
577777 10 5
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b),
CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15 of the Act,
(b) [ ] Bank as defined in Section 3(a)(6) of the Act,
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act,
(d) [ ] Investment Company registered under Section 8 of the Investment
Company
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Act,
(e) [ ] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940,
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund (see Sec. 240.13d-1(b)(1)(ii)(F)),
(g) [ ] Parent Holding Company, in accordance with Sec. 240.13d-
1(b)(ii)(G) (Note: See Item 7)
(h) [ ] Group, in accordance with Sec. 240.13d-1(b)(1)(ii)(H)
Not applicable.
ITEM 4. OWNERSHIP.
(a) Amount Beneficially Owned.
8,366,832
(b) Percent of Class.
33.4%
(c) Number of shares as to which such person has
(i) sole power to vote or to direct the vote: 2,176,678
(ii) shared power to vote or direct the vote: 6,190,154
(iii) sole power to dispose or to direct the disposition of: 2,176,678
(iv) shared power to dispose or to direct the disposition
of: 6,190,154
ITEM 5. OWNERSHIP OF FIVER PERCENT OR LESS OF A CLASS.
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Of the 8,366,832 shares reported as beneficially owned by the ESOP on
this form, 6,190,154 shares have been allocated or are available for
allocation to the accounts of certain employees and former employees of May
& Speh, Inc. in the ESOP.
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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.
Not applicable.
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.
May & Speh, Inc. Employee Stock Ownership Plan
By Cole Taylor Bank, as Trustee
Date: February 12, 1997 /s/ John G. Hommel
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John G. Hommel, J.D.
Vice President and Senior Trust Officer
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