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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. NA )
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Transcrypt International, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
89363A101
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(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
disclosure 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 Exchange 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).
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CUSIP NO. 89363A101 13G Page 2 of 5 Pages
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above
Persons.
University of Nebraska Foundation 47-0379839
2) Check the Appropriate Box if a Member of a Group: (See Instructions)
(a) _______
(b) _______
Not Applicable
3) SEC Use Only.
4) Citizenship or Place of Organization.
State of Nebraska
Number of Shares Beneficially Owned by Each Reporting Person With:
5) Sole Voting Power 661,622
6) Shared Voting Power None
7) Sole Dispositive Power 661,622
8) Shared Dispositive Power None
9) Aggregate Amount Beneficially Owned by Each Reporting Person:
661,622
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares.
Not Applicable.
11) Percent of Class Represented by Amount in Row 9.
5.12%
12) Type of Reporting Person.
CO
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CUSIP NO. 89363A101 13G Page 3 of 5 Pages
Item 1 (a). Name of Issuer: Transcrypt International, Inc.
Item 1 (b). Address of Issuer's Principal Executive Offices:
4800 N.W. First Street, Lincoln, NE 68521
Item 2 (a). Name of Person Filing: University of Nebraska Foundation
Item 2 (b). Address of Principal Business Office or, if None, Residence:
1111 Lincoln Mall, Suite 200, Lincoln, NE 68508
Item 2 (c). Citizenship: United States-Nebraska
Item 2 (d). Title of Class of Securities: Common Stock
Item 2 (e). CUSIP No.: 89363A101
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Act
(b) [ ] Bank as of defined in Section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act
(d) [ ] Investment Company registered under Section 8 of the Investment
Company Act
(e) [ ] Investment Advisor registered under Section 203 of the
Investment Advisors Act of 1940
(f) [xx] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; see 240.13d-1(b)(1)(ii)(F)
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CUSIP NO. 89363A101 13G Page 4 of 5 Pages
(g) [ ] Parent Holding Company, in accordance with 204.13d-1(b)(1)(ii)
(G) (Note: See Item 7)
(h) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(H)
Item 4. Ownership.
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 of Beneficially Owned: 661,622
(b) Percent of Class: 5.12%
(c) Number of shares as to which person has:
(i) sole power to vote or to direct the vote: 661,622
(ii) shared power to vote or to direct the vote: None
(iii) sole power to dispose or to direct the
disposition of: 661,622
(iv) shared power to dispose or to direct the
disposition of: None
Item 5. Ownership of Five Percent (5%) or Less of a Class.
Not Applicable.
Item 6. Ownership of more than Five Percent(5%) 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 Member of the Group.
Not Applicable.
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CUSIP NO. 89363A101 13G Page 5 of 5 Pages
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certification and 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.
Date February 11, 1998 ----/S/Timothy L. Thietje--
Signature
Timothy L. Thietje
Sr. Vice President and
Counsel
