U. S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange
Act of 1934.
Section 17(a) of the Public Utility Holding Company Act of
1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Applebaum, David J.
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(Last) (First) (Middle)
P. O. Box 28909
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(Street)
Las Vegas, NV 89126
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
April 1, 2000
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3. IRS or Social Security Number of Reporting Person
(Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
SunVest Resorts, Inc.
SUNED
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[ X ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (Specify below)
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6. If Amendment, Date of Original (Month/Year)
N/A
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7. Individual or Joint/Group (Check applicable line)
[ ] Form Filed by One Reporting Person
[ X ] Form Filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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1. Title of Security (Instr. 4):
Common Stock, par value $.02
2. Amount of Securities Beneficially Owned (Instr 4.):
12,526,625
3. Ownership Form Direct (D) or Indirect (I) (Instr. 5):
I
4. Name of Indirect Beneficial Owner (Instr. 4):
Through Big Sky Associates, LLC
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Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
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NO ENTRIES ON THIS TABLE
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/s/ David J. Applebaum. 05/03/2000
Signature of Reporting Person Date
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