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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES ACT OF 1934
FAXSAV, INCORPORATED
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(Name of Issuer
Common Stock, $0.01 par value
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(Title of Class of Securities)
31210L-10-4
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(CUSIP Number)
September 9, 1998
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(Date of Event which Requires Filing of this Statement)
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SCHEDULE 13D/A
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CUSIP NO. 31210L-10-4 Page 1 of 5 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WAYNE CLOSE
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
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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
USA
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7 SOLE VOTING POWER
NUMBER OF
1,092,500
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,092,500
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,092,500
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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)
8.52%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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ITEM 1(A) Name of Issuer
FAXSAV, INCORPORATED
ITEM 1(B) Address of Issuer's Principal Executive Offices
399 THORNALL STREET
EDISON, NJ 08837
ITEM 2(A) Name of Person(s) Filing
WAYNE CLOSE
ITEM 2(B) Address of Principal Business Office or, if none, residence
19161 S.E. DEBORA DRIVE
BORING, OR 97009
ITEM 2(C) Citizenship
UNITED STATES
ITEM 2(D) Title of Class of Securities
COMMON STOCK, PAR VALUE $0.01
ITEM 2(E) CUSIP Number
31210L-10-4
ITEM 3 Source and Amount of Funds
Securities reported on this Schedule 13D/A were purchased at an
aggregate price of $589,531 invested from the personal funds of the
Reporting Person.
ITEM 4 Purpose of Transaction
Securities obtained for the individual account of the Reporting Person
for investment purposes only. The Reporting Person has no plans to
cause the occurrence of events reportable under Item 4.
ITEM 5 Ownership
(a) AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,092,500 SHARES
(b) (i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE: 1,092,500 SHARES
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(b) (ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE: 0
(b) (iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF:
1,092,500 SHARES
(b) (iv) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: 0
(c) TRANSACTIONS WITHIN PAST SIXTY DAYS: DURING THE PERIOD BETWEEN JULY
1, 1998, AND THE DATE OF FILING OF THE REPORTING PERSON'S INITIAL
REPORT ON SCHEDULE 13D ON JULY 27, 1998, THE REPORTING PERSON
ACQUIRED 900,000 SHARES OF THE COMMON STOCK, PAR VALUE $0.01, OF THE
ISSUER AT A WEIGHTED AVERAGE PRICE OF $4.55 PER SHARE THROUGH
PURCHASES EFFECTED BY A REGISTERED BROKER OR DEALER. DURING THE
PERIOD BETWEEN AUGUST 3, 1998, AND THE DATE OF FILING, THE REPORTING
PERSON ACQUIRED 192,500 SHARES OF COMMON STOCK, PAR VALUE $0.01, OF
THE ISSUER AT A WEIGHTED AVERAGE PRICE OF $3.0625 PER SHARE THROUGH
PURCHASES EFFECTED BY A REGISTERED BROKER OR DEALER.
(d) NONE.
(e) N/A.
ITEM 6 Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
NONE.
ITEM 7 Material to be Filed as Exhibits
NONE.
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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.
9/18/98 /s/ Wayne Close
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Date Signature
Wayne Close / Reporting Person
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Name/Title
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative (other than an
executive officer or general partner of this filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
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