SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
SCHEDULE 13D
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(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(a)
AND AMENDMENTS THERTO FILED PURSUANT TO 13d-2(a)
(Amendment No. 1)
POINT WEST CAPITAL CORPORATION
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(Name of Issuer)
Common Stock, $0.01 par value
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(Title of Class of Securities)
730715 10 9
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(CUSIP Number)
Michael Fitzsimmons, Manager
31 Davies Street, 5th Floor
London W1Y 1FN
England
011-44-1-71-591-7834
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 9, 1999
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(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Amended and Restated Schedule 13D,
and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g)
check the following box [ ]
Note: Schedules filed in paper format shall include a signed original
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and five copies of the schedule, including all exhibits. See Rule
13d-7(b) for other parties to whom copies are to be sent.
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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
disclosures provided in a prior cover page.
The information required on 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).
(Continued on following pages)
(Page 1 of 5 Pages)
<PAGE>
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CUSIP No. 730715 10 9 13D Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Michael Fitzsimmons
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
NUMBER OF 0
SHARES ---------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 83,000
REPORTING ---------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
83,000
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
83,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
2.5%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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<PAGE>
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CUSIP No. 730715 10 9 SCHEDULE 13D Page 3 of 5 Pages
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This Amendment No. 1 to Schedule 13D amends the Schedule 13D originally
filed on July 29, 1998 (the " Original Schedule 13D"). This Amendment No. 1 is
being filed to (a) amend the address of the entity over which the reporting
person shares beneficial ownership and (b) report shares of Common Stock sold by
the entity over which the reporting person shares beneficial ownership.
Capitalized terms used in this Amendment No. 1 and not defined are used as
defined in the Original Schedule 13D.
Item 2. Identity and Background.
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(c) Present Principal Occupation or Employment of Person Filing This
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Statement.
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The last sentence under Item 2(c) of the Original Schedule 13D is
amended and restated to read as follows:
Lodestone Partners' principal address is:
P.O. Box 8819
Incline Village, Nevada 89452
Item 5 Interest in Securities of the Issuer
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Items 5 (a), (b), (c) and (e) of the Original Schedule 13D are amended
and restated to read as follows:
(a) Number and Percent of Shares Beneficially Owned by Person
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Filing This Statement.
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Lodestone Capital is the record holder of 83,000 shares of
Common Stock. Lodestone Partners is managed by a Board of
Managers composed of John Ward Rotter and Michael Fitzsimmons
("Fitzsimmons"), who is the other member of Lodestone
Partners. Based on the number of shares of Common Stock
outstanding as of March 22, 1999, Michael Fitzsimmons may be
deemed to beneficially own with Mr. Rotter 2.5% of the
outstanding Common Stock. Pursuant to the Lodestone Partners
Operating Agreement between Echelon and Fitzsimmons,
Fitzsimmons has sole investment power with respect to the
investments of Lodestone Capital. The Operating Agreement is,
however, silent on the subject of voting power with respect to
securities held by Lodestone Capital. Therefore, Fitzsimmons
may also be deemed to share voting power with Mr. Rotter with
respect to securities held by Lodestone Capital.
(b) Number of Shares of Common Stock as to Which the Person
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Filing This Statement Has:
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(i) Sole Voting Power.
None.
<PAGE>
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CUSIP No. 730715 10 9 SCHEDULE 13D Page 4 of 5 Pages
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(ii) Shared Voting Power.
Fitzsimmons, who is a member of the Board of
Managers of Lodestone Partners (the manager
of Lodestone Capital), may be deemed to share
with Mr. Rotter, who is the other member of
the Board of Managers of Lodestone Partners,
the power to vote or direct the vote of
83,000 shares of Common Stock held of record
by Lodestone Capital.
(iii) Sole Dispositive Power.
Michael Fitzsimmons has sole power to dispose
of or direct the disposition of the 83,000
shares of Common Stock held of record by
Lodestone Capital.
(iv) Shared Dispositive Power.
None.
(c) Transactions in Common Stock by Person Filing This Statement.
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Within the last 60 days, Lodestone Capital sold the following
shares of Common Stock through brokerage transactions on the
Nasdaq Stock Market:
Number of Average
Date Shares Sold Price
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03/09/99 27,600 15.7883
03/10/99 22,700 14.7897
03/11/99 27,800 15.6169
03/12/99 25,500 15.7269
03/15/99 20,000 17.3984
(e) Date the Reporting Person Ceased To Be The Beneficial Owner
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of More Than Five Percent of the Class of Securities.
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On or about March 10, 1999.
<PAGE>
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CUSIP No. 730715 10 9 SCHEDULE 13D Page 5 of 5 Pages
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SIGNATURE
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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.
March , 1999
By: /s/Michael Fitzsimmons
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Michael Fitzsimmons
