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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1) (1)
Abacus Direct Corporation
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(Name of Issuer)
Common Stock, $.001 par value
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(Title of Class of Securities)
002553 10 5
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(CUSIP Number)
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Page 1 of 5 pages
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CUSIP No. 002553105 13G Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Karl M. Friedman
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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5 SOLE VOTING POWER
NUMBER OF
5,000
SHARES -------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING
7 5,000
PERSON ------------------------------------------------
SHARED DISPOSITIVE POWER
WITH
8 -0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[X]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
less than .1%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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ITEM 1(a). NAME OF ISSUER:
Abacus Direct Corporation (the "Company").
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
8774 Yates Drive, Westminster, Colorado 80030.
ITEM 2(a). NAME OF PERSON FILING:
Karl M. Friedman
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
4030 South Hudson Way, Englewood, Colorado 80110.
ITEM 2(c). CITIZENSHIP:
Karl M. Friedman is a citizen of the United States.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, $.001 par value (the "Common Stock").
ITEM 2(e). CUSIP NUMBER:
002553 10 5.
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(b), OR
13D-2(b), CHECK WHETHER THE PERSON FILING IS A:
Not applicable.
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned:
5,000 shares of Common Stock (Excludes 4,590 and 4,590
shares (collectively, the "Trust Shares") of Common
Stock owned by The Alison Nicole Friedman Trust and
The Ashley Friedman Trust, respectively. Mr. Friedman
disclaims beneficial ownership of such shares.).
(b) Percent of class:
Less than .1% (based upon 9,578,628 outstanding
shares of Common Stock as reflected in the Company's
quarterly report on Form 10-Q filed by the Securities
and Exchange Commission by the Company for the
quarterly period ended September 30, 1997).
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the
vote: 5,000 (excludes the Trust Shares).
Page 3 of 5 Pages
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(ii) Shared power to vote or direct the
vote: 0.
(iii) Sole power to dispose or to direct
the disposition of: 5,000 (excludes
the Trust Shares).
(iv) Shared power to dispose or to
direct the disposition of: 0.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Mr. Friedman has ceased to be the beneficial owner of more
than 5% of the Common Stock.
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.
Page 4 of 5 Pages
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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.
January 13, 1998
/s/ Karl M. Friedman
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Karl M. Friedman
Page 5 of 5 Pages
