SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. __)*
Karts International Incorporated
(Name of Issuer)
Common Stock, $.001 Par Value
(Title of Class of Securities)
485766-20-8
(CUSIP Number)
Linda S. Neubauer
P.O. Box 4174
Ormond Beach, Florida 32175 (904) 672-5550
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
December 8, 1998
(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 Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
* 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 Afiled@ for the purpose of Section 18 of the Securities Exchange Act of
1934 (AAct@) 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>
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CUSIP No. 485766-20-8 13D
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1 Name of Reporting Person; IRS Identification Number
The Linda S. Neubauer Trust dated September 11, 1992;
Tax I.D. Number: ###-##-####
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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 (See Instructions)
Other (00)
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5 Check 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 of America
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Number of 7 Sole Voting Power
Shares 337,838 shares of Common Stock,
Beneficially $.001 par value
Owned by --------------------------------------------------------
Each 8 Shared Voting Power
Reporting None
Person --------------------------------------------------------
With 9 Sole Dispositive Power
337,838 shares of Common Stock, $.001
par value
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10 Shared Dispositive Power
None
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
337,838 shares of Common Stock, $.001 par value
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12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares
[ ]
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13 Percent of Class Represented by Amount in Row (11)
6.1%
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14 Type of Reporting Person
Other (00)
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<PAGE>
Schedule 13D
Item 1. Security and Issuer
-------------------
This statement relates to the common stock, $.001 par value ("Common
Stock"), of Karts International Incorporated ("KII"), the principal executive
offices of which are located at P.O. Box 695, 62204 Commercial Street, Highway
51 South, Roseland, Louisiana 70456.
Item 2. Identity and Background
-----------------------
This statement is being filed by the below named trust:
(a) The Linda S. Neubauer Trust dated September 11, 1992 (the "Trust").
(b) The Trust's address is P.O. Box 4174, Ormond Beach, Florida 32175.
(c) Not applicable.
(d) The Trust has not been convicted in a criminal proceeding during
the last five years.
(e) The Trust has not been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction the result of which proceeding
was a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws during the last five years.
(f) The Trust is organized pursuant to the laws of the United States of
America.
Item 3. Source and Amount of Funds or Other Consideration
-------------------------------------------------
The shares of Common Stock were delivered by KII as consideration for
the assignment to KII of a note receivable in the principal amount of $375,000
as made by Daytona Superkarts, Inc.
Item 4. Purpose of Transaction
----------------------
The shares of Common Stock were acquired for investment purposes only
and the Trust may, depending upon market and other conditions, make purchases of
additional shares of Common Stock in the open market or in privately negotiated
transactions or otherwise.
Item 5. Interest in Securities of the Issuer
------------------------------------
(a) The Trust beneficially owns 337,838 shares of Common Stock and
those shares represent approximately 6.1% of the total outstanding shares of
Common Stock.
<PAGE>
(b) The trustee of the Trust has the sole power to vote or direct to
vote and the sole power to dispose or direct the disposition of the shares of
Common Stock listed in subpart (a) of this Item.
(c) No transactions involving the Common Stock have been effected
by the Trust since February 1, 1999:
(d) No other person is known to have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of, such
securities.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
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Not applicable.
Item 7. Material to be Filed as Exhibits
--------------------------------
Not applicable.
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: April 9, 1999.
Signature /s/ Linda S. Neubauer
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Name: Linda S. Neubauer, Trustee
