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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ________________)
Restrac, Inc.
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(Name of Issuer)
Common Stock, Par Value $.01 Per Share
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(Title of Class of Securities)
76126W 10 8
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(CUSIP Number)
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CUSIP No. 76126W 10 8 13G Page 2 of 4 Pages
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO OF ABOVE PERSON
J. Paul Costello
SS# ###-##-####
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts, U.S.A.
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5 SOLE VOTING POWER
925,221
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NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 925,221
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
925,221
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.7%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 76126W 10 8 13G Page 3 of 4 Pages
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Item 1(a). Name of Issuer:
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Restrac, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
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3 Allied Drive, Dedham, MA 02026
Item 2(a). Name of Person Filing:
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J. Paul Costello
Item 2(b). Address of Principal Business Office or, if None, Residence:
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Costello & Company, Inc., 80 Washington Street, Building P,
Norwell, MA 02061
Item 2(c). Citizenship:
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Massachusetts, U.S.A.
Item 2(d) Title of Class of Securities:
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Common Stock, par value $.01 per share
Item 2(e) CUSIP Number:
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76126W 10 8
Item 3. If this Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b),
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Check whether the Person Filing is a:
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Not applicable
Item 4. Ownership:
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If the percent of the class owned, as of December 31 of the year
covered by the statement, or as of the last day of any month
described in Rule 13d-1(b)(2), if applicable, exceeds five
percent, provide the following information as of that date and
identify those shares which there is a right to acquire.
(a) Amount beneficially owned: 925,221
(b) Percent of class: 11.7%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 925,221
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
925,221
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CUSIP No. 76126W 10 8 13G Page 4 of 4 Pages
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(iv) Shared power to dispose or to direct the disposition of: 0
Item 5. Ownership of Five Percent or Less of a Class:
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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:
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Not applicable.
Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
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Not applicable.
Item 9. NOTICE OF DISSOLUTION OF THE GROUP:
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Not applicable.
Item 10. CERTIFICATION:
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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.
February 6, 1997
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Date
/s/ J. Paul Costello
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Signature
J. Paul Costello
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Name/Title
