UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Advance ParadigM, Inc.
----------------------
(Name of issuer)
Common Stock, $.01 par value
----------------------------
(Title of class of securities)
007491 10 3
-----------
(CUSIP number)
(Continued on following pages)<PAGE>
CUSIP NO.
007491 10 3
- -----------
- -----------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Blue Cross & Blue Shield of Texas, Inc.
- -----------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)
----------
(b)
----------
- -----------------------------------------------------------------
3. SEC Use Only
- -----------------------------------------------------------------
4. Citizenship or Place of Organization
Texas
- -----------------------------------------------------------------
Number of 5 Sole Voting Power
Shares 1,111,111
Beneficially ---------------------
Owned by 6 Shared Voting Power
Each
Reporting ---------------------
Person 7 Sole Dispositive Power
Power 1,111,111
With ---------------------
8 Shared Dispositive
---------------------
- -----------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,111,111
- -----------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
- -----------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
12.5%
- -----------------------------------------------------------------
12. Type of Reporting Person
IC<PAGE>
Item 1(a). NAME OF ISSUER:
Advance ParadigM, Inc.
Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
545 E. John Carpenter Freeway, Suite 1900, Irving, TX
75062
Item 2(a). NAME OF PERSON FILING:
Blue Cross & Blue Shield of Texas, Inc.
Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR, IF NONE,
RESIDENCE:
901 S. Central Expressway, Richardson, TX 75080
Item 2(c). CITIZENSHIP:
Texas
Item 2(d). TITLE OF CLASS OF SECURITIES:
Series B Preferred
Item 2(e): CUSIP NUMBER:
007491 10 3
Item 3: REPORTING PERSON:
Not Applicable
Item 4. OWNERSHIP:
See responses to Items 5-11 on page 2 above.
Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not Applicable
Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON:
Not Applicable
Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT
HOLDING COMPANY:
Not Applicable
<PAGE>
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
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: February 21, 1997 BLUE CROSS & BLUE SHIELD OF
TEXAS, INC.
By: /s/VERNON WALKER
---------------------------
Name: Vernon Walker
--------------------------
Title: CFO, Treasurer
-------------------------
