SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
ACE*COMM CORPORATION
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
(Title of Class of Securities)
0044 04 109
(CUSIP Number)
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CUSIP No. 0044 04 109
Page 1 of 3
Pages
1) Names of Reporting Persons S.S. or I.R.S. Identification
Nos. of Above Persons George T. Jimenez......................
2) Check the Appropriate Box if a Member of a Group (see
Instructions)
(a)
(b)
3) SEC USE Only
4) Citizenship or Place of Organization
United States of America
Number of (5) Sole Voting Power.........................
Shares 2,520,521
Bene-
ficially (6) Shared Voting Power..........................
Owned by 0
Each (7) Sole Dispositive Power...........................
Report- 2,520,521
ing
Person
With (8) Shared Dispositive
Power...........................
0
9) Aggregate Amount Beneficially Owned by Each Reporting
Person
...........................2,520,521....................
........
10)Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
11)Percent of Class Represented by Amount in Row (11)
30.9%
12)Type of Reporting Person (See Instructions)
......................................................
......................................................
........................IN............................
..
......................................................
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Item 1(a). Name of Issuer:
ACE*COMM Corporation
Item 1(b). Address of Issuer's Principal Executive
Offices:
704 Quince Orchard Road
Gaithersburg, Maryland 20878
Item 2(a). Name of Person Filing:
George T. Jimenez
Item 2(b). Address of Principal Business Office, or, if
None, Residence:
704 Quince Orchard Road
Gaithersburg, Maryland 20878
Item 2(c). Citizenship:
United States of America
Item 2(d): Title of Class of Securities:
Common Stock, $.01 par value
Item 2(e): CUSIP Number:
0044 04 109
Item 3: If this statement is filed pursuant to Rule
13d-1(b) or 13d-2(b) check whether the person filing is a:
Not applicable.
Item 4: Ownership
(a) Amount beneficially owned: 2,520,521 shares
(b) Percent of class: 30.9%
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(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
2,520,521
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the
disposition of: 2,520,521
(iv) Shared power to dispose or to direct the
disposition of: 0
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.
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.
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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 14, 1997
Date
/s/ George T. Jimenez
Signature
George T. Jimenez
President, Chief Executive Officer and Chairman of the Board
Name/Title
