NU SKIN ASIA PACIFIC INC
SC 13G, 1998-02-17
DRUGS, PROPRIETARIES & DRUGGISTS' SUNDRIES
Previous: NU SKIN ASIA PACIFIC INC, SC 13G, 1998-02-17
Next: INFORMATION MANAGEMENT RESOURCES INC, SC 13G/A, 1998-02-17



                         SCHEDULE 13G (AMENDMENT NO. 1)
                              CUSIP No. 67018T-10-5





                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                 ---------------


                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                               (Amendment No. 1 )*


                           Nu Skin Asia Pacific, Inc.
                                (Name of Issuer)


                              Class A Common Stock
                         (Title of Class of Securities)


                                   67018T-10-5
                                 (CUSIP Number)






*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any  subsequent  amendment  containing  information  which  would  alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be  "filed"  for the  purpose of  Section  18 of the  Securities  Act of 1934
("Act") or otherwise  subject to the  liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes).








SL 36976.3 55711 00157
2/17/98 12:43 pm
                                Page 1 of 9 Pages

<PAGE>


                         SCHEDULE 13G (AMENDMENT NO. 1)
                              CUSIP No. 67018T-10-5


      1       NAME OF REPORTING PERSON

                 Steven J. Lund
                 Kalleen Lund
      2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP          (a)  |_|
                                                                        (b)  |X|

      3       SEC USE ONLY



      4       CITIZENSHIP OR PLACE OF ORGANIZATION
                 Steven J. Lund: United States of America
                 Kalleen Lund: United States of America

                            5   SOLE VOTING POWER

            NUMBER OF             Steven J. Lund:   897,901**SEE ITEM 4
              SHARES              Kalleen Lund:     -0-**SEE ITEM 4
           BENEFICIALLY
             OWNED BY       6   SHARED VOTING POWER
               EACH
            REPORTING             Steven J. Lund:   3,325,322**SEE ITEM 4
           PERSON WITH            Kalleen Lund:     3,325,322**SEE ITEM 4

                            7   SOLE DISPOSITIVE POWER

                                  Steven J. Lund:   897,901**SEE ITEM 4
                                  Kalleen Lund:     -0-**SEE ITEM 4

                            8   SHARED DISPOSITIVE POWER

                                  Steven J. Lund:   3,325,322**SEE ITEM 4
                                  Kalleen Lund:     3,325,322**SEE ITEM 4

      9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                 Steven J. Lund:            4,223,223**SEE ITEM 4
                 Kalleen Lund:              3,325,322**SEE ITEM 4

     10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
              CERTAIN SHARES                                                |_|

     11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                 Steven J. Lund:            24.0%**SEE ITEM 4
                 Kalleen Lund:              19.9%**SEE ITEM 4

     12       TYPE OF REPORTING PERSON

                 Steven J. Lund:   IN
                 Kalleen Lund:     IN

- --------------------


SL 36976.3 55711 00157
2/17/98 12:43 pm
                                Page 2 of 9 Pages

<PAGE>


                         SCHEDULE 13G (AMENDMENT NO. 1)
                              CUSIP No. 67018T-10-5

Item 1(a).        Name of Issuer:

                  The  name of  issuer  is Nu Skin  Asia  Pacific,  Inc.  (the
                  "Issuer").

Item 1(b).        Address of Issuer's Principal Executive Offices:

                  The address of the Issuer's  principal  executive office is 75
                  West Center Street, Provo, Utah 84601.

Item 2(a).        Name of Person Filing:

                  This report is being filed by Steven J. Lund and Kalleen  Lund
                  (referred to individually by name and referred to collectively
                  as the "Reporting Persons").

Item 2(b).        Address of Principal Business Office or, if none, Residence:

                  The address of the Reporting Persons is 75 West Center Street,
                  Provo, Utah 84601.

Item 2(c).        Citizenship:

                  The  Reporting  Persons are both citizens of the United States
                  of America.

Item 2(d).        Title of Class of Securities:

                  This report  covers the  Issuer's  Class A Common  Stock,  par
                  value $.001 per share (the "Class A Common Stock").

Item 2(e).        CUSIP Number:

                  The CUSIP number of the Class A Common Stock is 67018T-10-5.

Item 3.           Not applicable.

Item 4.           Ownership.

                  Steven J. Lund:

         (a)      Steven   J.   Lund   beneficially   owns  or  is  deemed  to
                  beneficially   own  4,223,223  shares  of  Common  Stock  as
                  follows:  -0- shares of Class A Common Stock,  and 4,223,223
                  shares of the Issuer's Class B Common Stock, par value $.001
                  per  share  (the  "Class B Common  Stock").  Steven  J. Lund
                  disclaims beneficial  ownership of the following:  3,144,751
                  shares of Class B Common Stock held  indirectly as a general
                  partner of  SKASIA,  Ltd.;  75,000  shares of Class B Common
                  Stock held  indirectly  as a  co-trustee  for The Steven and
                  Kalleen Lund Fixed Charitable Trust; 105,571 shares of Class
                  B Common Stock held indirectly as a co-trustee of The Steven
                  J. and Kalleen  Lund  Foundation;  75,756  shares of Class B
                  Common Stock held indirectly as the sole trustee for The All

SL 36976.3 55711 00157
2/17/98 12:43 pm
                                Page 3 of 9 Pages

<PAGE>


                         SCHEDULE 13G (AMENDMENT NO. 1)
                              CUSIP No. 67018T-10-5

                  R's  Trust;  675,298  shares  of  Class B  Common  Stock  held
                  indirectly  as  trustee  for The B and N Roney  Trust;  44,084
                  shares of Class B Common Stock held  indirectly as trustee for
                  The WFA Trust; and 102,763 shares of Class B Common Stock held
                  indirectly as trustee for The C and K Trust.

         (b)      Each  share of Class B Common  Stock is  convertible  at any
                  time at the option of the  holder  into one share of Class A
                  Common  Stock  and each  share  of  Class B Common  Stock is
                  automatically  converted  into  one  share of Class A Common
                  Stock  upon  the  transfer  of such  share of Class B Common
                  Stock to any person  who is not a  Permitted  Transferee  as
                  defined  in  the  Amended  and   Restated   Certificate   of
                  Incorporation of Existing  Stockholders (as defined therein)
                  and  the  Issuer.  Assuming  conversion  of all  outstanding
                  4,223,223 shares of Class B Common Stock  beneficially owned
                  or deemed to be  beneficially  owned by Steven J.  Lund,  he
                  would  beneficially  own or be  deemed to  beneficially  own
                  4,223,223  shares  of  Class  A  Common  Stock  which  would
                  constitute 24.0% of the number of shares of then outstanding
                  Class A Common Stock.  This percentage  assumes the exercise
                  of the 1,605,000  vested options held by  distributors of an
                  affiliate  of the  Issuer.  If such  option  shares were not
                  included  in  the   calculation  of  the   percentage,   the
                  percentage  would be 26.5%.  This  percentage  does not give
                  effect to the exercise of any other  outstanding  options of
                  the issuer.

                  Each share of Class A Common Stock  entitles the holder to one
                  vote  on  each  matter  submitted  to a vote  of the  Issuer's
                  Stockholders  and each share of Class B Common Stock  entitles
                  the  holder to ten votes on each such  matter,  including  the
                  election of directors.  Assuming conversion of all outstanding
                  4,223,223 shares of Class B Common Stock beneficially owned or
                  deemed to be  beneficially  owned by Steven J. Lund,  he would
                  beneficially  own or be deemed to  beneficially  own 4,223,223
                  shares of Class A Common Stock which would constitute 24.0% of
                  the  aggregate  voting  power of the Issuer.  This  percentage
                  assumes the exercise of the 1,605,000  vested  options held by
                  distributors  of an  affiliate  of the Issuer.  If such option
                  shares were not included in the calculation of the percentage,
                  the percentage  would be 26.5%.  This percentage does not give
                  effect to the exercise of any other outstanding options of the
                  issuer.

                  Assuming no  conversion  of any of the  outstanding  shares of
                  Class B Common  Stock  and  assuming  the  exercise  of vested
                  options to acquire  1,605,000  shares of Class A Common  Stock
                  and assuming  the vesting of 141,959  shares of Class A Common
                  Stock pursuant to  outstanding  stock bonus awards made by the
                  Issuer and  assuming  the  exercise of options held by certain
                  executive  officers  and  directors  of the  Issuer to acquire
                  446,825 shares of Class A Common Stock,  the 4,223,223  shares
                  of Class B Common  Stock  beneficially  owned or  deemed to be
                  beneficially  owned by Steven J. Lund  constitute  5.9% of the
                  aggregate voting power of the Issuer.

         (c)      (i) Assuming  conversion of all outstanding  897,901 shares of
                  Class B  Common  Stock  beneficially  owned  or  deemed  to be
                  beneficially  owned by Steven J. Lund with respect to which he
                  has sole voting  Steven J. Lund would have sole  voting  power
                  over 897,901 shares of Class A Common Stock as follows: 75,756
                  shares of Class A Common Stock as the sole trustee for The All
                  R's Trust;  675,298 shares of Class A Common Stock as the sole
                  trustee for The B and N Roney Trust;  44,084 shares of Class A
                  Common  Stock  as the  sole  trustee  for The WFA  Trust;  and
                  102,763 shares of Class A Common Stock as the sole trustee for
                  The C and K Trust.

SL 36976.3 55711 00157
2/17/98 12:43 pm
                                Page 4 of 9 Pages

<PAGE>


                         SCHEDULE 13G (AMENDMENT NO. 1)
                              CUSIP No. 67018T-10-5

                  (ii) Assuming  conversion of all outstanding  3,325,322 shares
                  of Class B Common  Stock  beneficially  owned or  deemed to be
                  beneficially owned by Steven J. Lund, with respect to which he
                  shares voting  power,  Steven J. Lund would share voting power
                  over  3,325,322  shares  of Class A Common  Stock as  follows:
                  3,144,751  shares of Class A Common Stock as a general partner
                  of SKASIA,  Ltd.;  75,000  shares of Class A Common Stock as a
                  co-trustee  for The Steven and Kalleen  Lund Fixed  Charitable
                  Trust;   and  105,571  shares  of  Class  A  Common  Stock  as
                  co-trustee for The Steven J. and Kalleen Lund Foundation.

                  (iii) Assuming conversion of all outstanding 897,901 shares of
                  Class B  Common  Stock  beneficially  owned  or  deemed  to be
                  beneficially owned by Steven J. Lund, with respect to which he
                  has sole  dispositive  power,  Steven J. Lund  would have sole
                  dispositive  power over 897,901 shares of Class A Common Stock
                  as follows:  75,756 shares of Class A Common Stock as the sole
                  trustee  for The All R's  Trust;  675,298  shares  of  Class A
                  Common  Stock as the sole trustee for The B and N Roney Trust;
                  44,084  shares of Class A Common Stock as the sole trustee for
                  The WFA Trust;  and 102,763  shares of Class A Common Stock as
                  the sole trustee for The C and K Trust.

                  (iv) Assuming  conversion of all outstanding  3,325,322 shares
                  of Class B Common  Stock  beneficially  owned or  deemed to be
                  beneficially owned by Steven J. Lund, with respect to which he
                  shares   dispositive   power,   Steven  J.  Lund  would  share
                  dispositive  power  over  3,325,322  shares  of Class A Common
                  Stock as follows:  3,144,751 shares of Class A Common Stock as
                  a general  partner of SKASIA,  Ltd.;  75,000 shares of Class A
                  Common  Stock as a  co-trustee  of The Steven and Kalleen Lund
                  Fixed  Charitable  Trust; and 105,571 shares of Class A Common
                  Stock as a  co-trustee  for The  Steven  J. and  Kalleen  Lund
                  Foundation.

                  Kalleen Lund:

         (a)      Kalleen Lund  beneficially owns or is deemed to beneficially
                  own 3,325,322 shares of Common Stock as follows:  -0- shares
                  of  Class  A  Common  Stock,  and  3,325,322  shares  of the
                  Issuer's  Class B Common  Stock,  par value  $.001 per share
                  (the  "Class  B  Common  Stock").   Kalleen  Lund  disclaims
                  beneficial  ownership of the following:  3,144,751 shares of
                  Class B Common Stock held indirectly as a general partner of
                  SKASIA,  Ltd.;  105,571  shares of Class B Common Stock held
                  indirectly  as a  co-trustee  for The Steven J. and  Kalleen
                  Lund  Foundation;  and 75,000 shares of Class B Common Stock
                  held  indirectly as a co-trustee  for The Steven and Kalleen
                  Lund Fixed Charitable Trust.

         (b)      Each  share of Class B Common  Stock is  convertible  at any
                  time at the option of the  holder  into one share of Class A
                  Common  Stock  and each  share  of  Class B Common  Stock is
                  automatically  converted  into  one  share of Class A Common
                  Stock  upon  the  transfer  of such  share of Class B Common
                  Stock to any person  who is not a  Permitted  Transferee  as
                  defined  in  the  Amended  and   Restated   Certificate   of
                  Incorporation of Existing  Stockholders (as defined therein)
                  and  the  Issuer.  Assuming  conversion  of all  outstanding
                  3,325,322 shares of Class B Common Stock  beneficially owned
                  or deemed to be  beneficially  owned by  Kalleen  Lund,  she
                  would  beneficially  own or be  deemed to  beneficially  own
                  3,325,322  shares  of  Class  A  Common  Stock  which  would
                  constitute 19.9% of the number of shares of then outstanding
                  Class A Common Stock.  This percentage  assumes the exercise
                  of the 1,605,000  vested options held by  distributors of an
                  affiliate of the

SL 36976.3 55711 00157
2/17/98 12:43 pm
                                Page 5 of 9 Pages

<PAGE>


                         SCHEDULE 13G (AMENDMENT NO. 1)
                              CUSIP No. 67018T-10-5

                  Issuer.  If  such  option  shares  were  not  included  in the
                  calculation of the percentage,  the percentage would be 22.1%.
                  This  percentage  does not give effect to the  exercise of any
                  other outstanding options of the issuer.

                  Each share of Class A Common Stock  entitles the holder to one
                  vote  on  each  matter  submitted  to a vote  of the  Issuer's
                  Stockholders  and each share of Class B Common Stock  entitles
                  the  holder to ten votes on each such  matter,  including  the
                  election of directors.  Assuming conversion of all outstanding
                  3,325,322 shares of Class B Common Stock beneficially owned or
                  deemed to be  beneficially  owned by Kalleen  Lund,  she would
                  beneficially  own or be deemed to  beneficially  own 3,325,322
                  shares of Class A Common Stock which would constitute 19.9% of
                  the  aggregate  voting  power of the Issuer.  This  percentage
                  assumes the exercise of the 1,605,000  vested  options held by
                  distributors  of an  affiliate  of the Issuer.  If such option
                  shares were not included in the calculation of the percentage,
                  the percentage  would be 22.1%.  This percentage does not give
                  effect to the exercise of any other outstanding  option of the
                  issuer.

                  Assuming no  conversion  of any of the  outstanding  shares of
                  Class B Common  Stock  and  assuming  the  exercise  of vested
                  options to acquire  1,605,000  shares of Class A Common  Stock
                  and assuming  the vesting of 141,959  shares of Class A Common
                  Stock pursuant to  outstanding  stock bonus awards made by the
                  Issuer and  assuming  the  exercise of options held by certain
                  executive  officers  and  directors  of the  Issuer to acquire
                  446,825 shares of Class A Common Stock,  the 4,223,223  shares
                  of Class B Common  Stock  beneficially  owned or  deemed to be
                  beneficially  owned by Steven J. Lund  constitute  4.6% of the
                  aggregate voting power of the Issuer.

         (c)      (i)   Not applicable.

                  (ii) Assuming  conversion of all outstanding  3,325,322 shares
                  of Class B Common  Stock  beneficially  owned or  deemed to be
                  beneficially  owned by Kalleen Lund, with respect to which she
                  shares  voting  power,  Kalleen  Lund would share voting power
                  over  3,325,322  shares  of Class A Common  Stock as  follows:
                  3,144,751  shares of Class A Common Stock as a general partner
                  of SKASIA,  Ltd.;  75,000  shares of Class A Common Stock as a
                  co-trustee  for The Steven and Kalleen  Lund Fixed  Charitable
                  Trust;   and  105,571  shares  of  Class  A  Common  Stock  as
                  co-trustee for The Steven J. and Kalleen Lund Foundation.

                  (iii) Not applicable.

                  (iv) Assuming  conversion of all outstanding  3,325,322 shares
                  of Class B Common  Stock  beneficially  owned or  deemed to be
                  beneficially  owned by Kalleen Lund, with respect to which she
                  shares dispositive power, Kalleen Lund would share dispositive
                  power  over  3,325,322  shares  of  Class A  Common  Stock  as
                  follows: 3,144,751 shares of Class A Common Stock as a general
                  partner of SKASIA, Ltd.; 75,000 shares of Class A Common Stock
                  as  a  co-trustee   of  The  Steven  and  Kalleen  Lund  Fixed
                  Charitable  Trust;  and 105,571 shares of Class A Common Stock
                  as a co-trustee for The Steven J. and Kalleen Lund Foundation.


Item 5.                 Ownership of Five Percent or Less of a Class.

SL 36976.3 55711 00157
2/17/98 12:43 pm
                                Page 6 of 9 Pages

<PAGE>


                         SCHEDULE 13G (AMENDMENT NO. 1)
                              CUSIP No. 67018T-10-5

                  Not applicable.

Item 6.           Ownership  of More than Five  Percent  on Behalf of  Another
                  Person.

                  The Reporting Persons are the general partners of SKASIA, Ltd,
                  and have the  right to  receive  or the  power to  direct  the
                  receipt of dividends  from,  or the proceeds  from the sale of
                  the 3,144,751  shares of Class B Common Stock held  indirectly
                  as general partners of SKASIA, Ltd.

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.

                  The  Reporting  Persons are parties to an Amended and Restated
                  Stockholders Agreement (the "Amended and Restated Stockholders
                  Agreement"),  effective  as of November  28,  1997,  among the
                  parties listed on Exhibit A attached hereto.  The Stockholders
                  who are  parties  to the  Amended  and  Restated  Stockholders
                  Agreement  have agreed to certain  limitations on the transfer
                  of Class B Common Stock. Additionally, each stockholder who is
                  a party to the Amended and Restated Stockholders Agreement has
                  agreed to grant to the other parties a right of first offer to
                  purchase  shares of Class B Common Stock of the stockholder in
                  the  event the  stockholder  intends  to sell to a person  (or
                  group  of  persons)  who are not a party  to the  Amended  and
                  Restated   Stockholders    Agreement,    except   in   certain
                  circumstances such as Transfers (as defined therein) permitted
                  under  the  Amended  and  Restated   Stockholders   Agreement,
                  Transfers with the U.S.  Securities and Exchange Commission or
                  similar  regulatory  agency  of  a  foreign   jurisdiction  or
                  Transfer in  accordance  with Rule 144 of the 1934  Securities
                  Exchange Act pursuant to a registration  statement  filed with
                  the Securities and Exchange Commission.

                  The Reporting  Person  disclaims  beneficial  ownership of all
                  shares of Class B Common  Stock  held by other  parties to the
                  Amended  and  Restated   Stockholder   Agreement,   except  as
                  otherwise reported in Item 4 of this Schedule 13G.

                  The  Reporting  Persons are  parties to a limited  partnership
                  agreement, dated September 5, 1996 among the parties listed on
                  Exhibit  B  hereto  (the  "Limited   Partnership   Agreement),
                  pursuant to which the parties  have formed  SKASIA,  Ltd. As a
                  limited  partnership  SKASIA,  Ltd. holds 3,144,751  shares of
                  Class B Common Stock.

Item 9.           Notice of Dissolution of Group.

                  Not applicable.

Item 10.          Certification.

                  Not applicable.

SL 36976.3 55711 00157
2/17/98 12:43 pm
                                Page 7 of 9 Pages

<PAGE>


                         SCHEDULE 13G (AMENDMENT NO. 1)
                              CUSIP No. 67018T-10-5


            [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

SL 36976.3 55711 00157
2/17/98 12:43 pm
                                Page 8 of 9 Pages

<PAGE>


                         SCHEDULE 13G (AMENDMENT NO. 1)
                              CUSIP No. 67018T-10-5


                                    SIGNATURE

         After  reasonable  inquiry and to the best of our knowledge and belief,
we certify that the  information  set forth in this statement is true,  complete
and correct.





                                       By:   /s/ Steven J. Lund
                                       Date: February 17, 1998


                                       By:   /s/ Kalleen Lund
                                       Date: February 17, 1998



SL 36976.3 55711 00157
2/17/98 12:43 pm
                                Page 9 of 9 Pages

<PAGE>


                         SCHEDULE 13G (AMENDMENT NO. 1)
                              CUSIP No. 67018T-10-5


                                    EXHIBIT A

       List of Parties to the Amended and Restated Stockholders Agreement


Nu Skin Asia Pacific, Inc.

Blake M. Roney, (a) individually, (b) as a general partner for BNASIA, Ltd., (c)
as a co-trustee for The Blake M. and Nancy L. Roney Foundation,  (d) as the sole
trustee for The S and K Lund Trust,  and (e) as the sole trustee for The B and D
Roney Trust.

Nancy  L.  Roney,  (a) as a  general  partner  for  BNASIA,  Ltd.  and  (b) as a
co-trustee for The Blake M. and Nancy L. Roney Foundation.

BNASIA, Ltd.

The All R's Trust.

The B and N Roney Trust.

The WFA Trust.

The Blake M. and Nancy L. Roney Foundation.

B & N Rhino Company, L.C.

Nedra D.  Roney,  (a)  individually  and (b) as  co-trustee  for The Nedra Roney
Foundation.

The MAR Trust.

The NR Trust.

The Nedra Roney Foundation.

The Nedra Roney Fixed Charitable Trust.

NR Rhino Company, L.C.

Rick A. Roney, (a)  individually,  (b) as the sole trustee for The K and M Roney
Trust,  (c) as a  co-trustee  for The Rick and Kimberly  Roney Fixed  Charitable
Remainder Unitrust.

Kimberly Roney, as a co-trustee for The Rick and Kimberly Roney Fixed Charitable
Remainder Unitrust..

The Rick and Kimberly Roney Variable Charitable Remainder Unitrust.

The Rick and Kimberly Roney Fixed Charitable Remainder Unitrust.

SL 36976.3 55711 00157
2/17/98 12:43 pm
                                        i

<PAGE>


                         SCHEDULE 13G (AMENDMENT NO. 1)
                              CUSIP No. 67018T-10-5


Burke F. Roney, individually.

Park R. Roney, individually.

Sandra N. Tillotson, (a) individually, (b) as the sole trustee for The Sandra N.
Tillotson Fixed Charitable Trust, (c) as the manager of CST Rhino Company, L.C.,
(d) as the sole trustee of The CST Trust, and (e) as a co-trustee for The Sandra
N. Tillotson Foundation.

The SNT Trust.

The DVNM Trust.

The CWN Trust.

The DPN Trust.

The GNT Trust.

The LMB Trust.

The Sandra N. Tillotson Foundation.

The Sandra N. Tillotson Fixed Charitable Trust.

SNT Rhino Company, L.C.

Steven J. Lund, (a) individually, (b) as a general partner for SKASIA, Ltd., (c)
as a  co-trustee  for The Steven J. and  Kalleen  Lund  Foundation  and (d) as a
co-trustee for The Steven and Kalleen Lund Fixed  Charitable  Trust,  (e) as the
sole  trustee  for The All R's Trust,  (f) as the sole  trustee  for the B and N
Roney Trust,  (g) as the sole trustee for The WFA Trust, (h) as the sole trustee
for The C and K Trust,  and (i) as co-trustee for the Steven J. and Kalleen Lund
Foundation.

Kalleen Lund, (a) as a general partner of SKASIA,  Ltd., (b) as a co-trustee for
The Steven J. and  Kalleen  Lund  Foundation,  and (c) as a  co-trustee  for The
Steven and Kalleen Lund Fixed Charitable  Trust, and (i) as a co-trustee for the
Steven J.
and Kalleen Lund Foundation.

SKASIA, Ltd.

The S and K Lund Trust.

The Steven J. and Kalleen Lund Foundation.

The Steven and Kalleen Lund Fixed Charitable Trust.

S & K Rhino Company, L.C.


SL 36976.3 55711 00157
2/17/98 12:43 pm
                                       ii

<PAGE>


                         SCHEDULE 13G (AMENDMENT NO. 1)
                              CUSIP No. 67018T-10-5


Brooke B. Roney, (a) individually, (b) as a general partner of BDASIA, Ltd., and
(c) as a co-trustee for The Brooke Brennan and Denice Renee Roney Foundation.

Denice  R.  Roney,  (a) as a  general  partner  of  BDASIA,  Ltd.,  and (b) as a
co-trustee for The Brooke Brennan and Denice Renee Roney Foundation.

BDASIA, Ltd.

The B and D Roney Trust.

The Brooke Brennan and Denice Renee Roney Foundation.

Kirk V. Roney, (a) individually,  (b) as a general partner of KMASIA,  Ltd., (c)
as co-trustee for The Kirk and Melanie Roney Fixed Charitable  Trust, and (d) as
a co-trustee of The Kirk V. and Melanie K. Roney Foundation.

Melanie K. Roney, (a) as a general partner of KMASIA,  Ltd., (b) as a co-trustee
for The Kirk and Melanie Roney Fixed  Charitable  Trust, and (c) as a co-trustee
of The Kirk V. and Melanie K. Roney Foundation.

The Kirk V. and Melanie K. Roney Foundation.

KMASIA, Ltd.

The K and M. Roney Trust.

The Kirk V. and Melanie K. Roney Fixed Charitable Trust.

K & M Rhino Company, L.C.

Keith R. Halls, (a) individually, (b) as the sole trustee for The MAR Trust, (c)
as the sole  trustee  for The NR Trust,  (d) as the sole  trustee  for The Nedra
Roney Fixed Charitable Trust, (e) as a general partner for KAASIA,  Ltd., (f) as
a co-trustee for The Keith and Anna Lisa Halls Fixed Charitable  Trust, (g) as a
co-trustee for The Keith Ray and Anna Lisa Massaro Halls Foundation,  and (h) as
the manager of CKB Rhino Company, L.C.

Anna Lisa Massaro  Halls,  (a) as a general  partner for KAASIA,  Ltd., (b) as a
co-trustee for The Keith and Anna Lisa Halls Fixed Charitable  Trust, and (c) as
a co-trustee for The Keith Ray and Anna Lisa Massaro Halls Foundation.

KAASIA, Ltd.

The K and A Halls Trust.

The Halls Family Trust.

The Keith and Anna Lisa Halls Fixed Charitable Trust.

The Keith Ray and Anna Lisa Massaro Halls Foundation.


SL 36976.3 55711 00157
2/17/98 12:43 pm
                                       iii

<PAGE>


                         SCHEDULE 13G (AMENDMENT NO. 1)
                              CUSIP No. 67018T-10-5


K & A Rhino Company, L.C.

Craig S.  Tillotson,  (a)  individually,  (b) as a  co-trustee  for The Craig S.
Tillotson Fixed Charitable Trust, (c) as the manager of SNT Rhino Company, L.C.,
(d) as a co-trustee  for The DPN Trust,  (e) as a co-trustee  for The GNT Trust,
and (f) as a co-trustee of The Craig S. Tillotson Foundation.

The CST Trust.

The JS Trust.

The JT Trust.

The CB Trust.

The CM Trust.

The BCT Trust.

The ST Trust.

The NJR Trust.

The RLS Trust.

The RBZ Trust.

The LB Trust.

The Craig S. Tillotson Fixed Charitable Trust.

CST Rhino Company, L.C.

R. Craig Bryson, (a) individually,  (b) as a general partner for RCKASIA,  Ltd.,
(c) as a co-trustee for The Bryson  Foundation,  and (d) as a co-trustee for The
Bryson Fixed Charitable Trust.

Kathleen  D.  Bryson,  (a) as a general  partner  for  RCKASIA,  Ltd.,  (b) as a
co-trustee  for The Bryson  Foundation,  and (c) as a co-trustee  for The Bryson
Fixed Charitable Trust.

RCKASIA, Ltd.

The C and K Trust.

The Bryson Foundation.

The Bryson Fixed Charitable Trust.


SL 36976.3 55711 00157
2/17/98 12:43 pm
                                       iv

<PAGE>


                         SCHEDULE 13G (AMENDMENT NO. 1)
                              CUSIP No. 67018T-10-5


CKB Rhino Company, L.C.

Michael L. Halls,  (a) as the sole trustee for The K and A Halls Trust,  and (b)
as the sole trustee for The Halls Family Trust.

Craig F. McCullough, (a) as the manager of B & N Rhino Company, L.C., (b) as the
manager of NR Rhino  Company,  L.C.,  (c) as the manager of S & K Rhino Company,
L.C., (d) as the manager of K & M Rhino Company, L.C., and (e) as the manager of
K & A Rhino Company, L.C.

Robert L.  Stayner as an  independent  trustee of The  Bryson  Fixed  Charitable
Trust.

Evan A. Schmutz, (a) as a co-trustee for The Nedra Roney Foundation,  and (b) as
an independent trustee for The Nedra Roney Fixed Charitable Trust.

Lee Brower,  (a) as the sole trustee for The SNT Trust,  (b) as the sole trustee
for The  DVNM  Trust,  (c) as the  sole  trustee  for The  CWN  Trust,  (d) as a
co-trustee for The DPN Trust,  (e) as a co-trustee for The GNT Trust, (f) as the
sole trustee for The JS Trust,  (g) as the sole trustee for The JT Trust, (h) as
the sole trustee for The CB Trust, (i) as the sole trustee for the CM Trust, (j)
as the sole trustee for The BCT Trust, (k) as the sole trustee for The ST Trust,
(l) as the sole  trustee for The NJR Trust,  (m) as the sole trustee for The RLS
Trust, (o) as the sole trustee for The RBZ Trust, (p) as an independent  trustee
for The Craig. S. Tillotson Fixed Charitable  Trust, (q) as a co-trustee for The
Sandra N. Tillotson Foundation, and (r) as a co-trustee for The Craig S.
Tillotson Foundation.

Gregory N.  Barrick,  (a) as the sole trustee for The LMB Trust,  and (b) as the
sole trustee for The LB Trust.

L.S. McCullough,  (a) as an independent trustee of The Sandra N. Tillotson Fixed
Charitable Trust, (b) as an independent  trustee for The Steven and Kalleen Lund
Fixed Charitable  Trust, (c) as an independent  trustee for The Kirk and Melanie
Roney Fixed Charitable Trust, and (d) as an independent trustee of The Keith and
Anna Lisa Halls Fixed Charitable Trust.

James  Blaylock as the sole  trustee for the Rick and  Kimberly  Roney  Variable
Charitable Remainder Unitrust.

M. Truman Hunt,  as Vice  President of Legal  Affairs for Nu Skin Asia  Pacific,
Inc.

SL 36976.3 55711 00157
2/17/98 12:43 pm
                                        v

<PAGE>


                         SCHEDULE 13G (AMENDMENT NO. 1)
                              CUSIP No. 67018T-10-5

                                    EXHIBIT B

              List of Parties to the Limited Partnership Agreement

Steven J. Lund

Kalleen Lund



SL 36976.3 55711 00157
2/17/98 12:43 pm
                                       vi



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission