SECURITIES AND EXCHANGE COMMISSIONS
WASHINGTON, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment) (1)
Creative Technologies Corp.
____________________________________________________________
(Name of issuer)
COMMON STOCK
____________________________________________________________
(Title of class of securities)
225290-40-2
____________________________________________________________
(CUSIP number)
David Selengut, c/o Singer, Zamansky LLP.
40 Exchange Place, New York, NY 10005 (212) 809-8550
____________________________________________________________
(Name, address and telephone number of person authorized to
receive notices and communications)
September 9, 1996
____________________________________________________________
(Date of event which requires filing of this statement)
If the filing person has previously filed a statement
on Schedule 13G to report the acquisition which is the
subject of this Schedule 13D, and is filing this schedule
because of Rule 13d-1 (b) (3) (4), check the following box .
Check the following box if a fee is being paid with the
statement X. (A fee is not required only if the reporting
person: (1) has a previous statement on file reporting
beneficial ownership of more than five percent of the class
of securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial ownership
of five percent or less of such class.) (See Rule 13d-7.)
Note. Six copies of this statement, including all exhibits,
should be file wih the Commission. See Rule 13d-1 (a) for
oter parties to whom copies are to be sent.
(Page 1 of 4 Pages)
(1) 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
disclosures provided in a prior cover page.
The information required on the remainder of this cover
page shall be deemed to be "filled" for the purpose of
section 18 of the Securities Exchange Act of 1934 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)
<PAGE>
CUSIP No. 2225290-40-2 13D Page 2 of 4
Pages
NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATIONS NOS. OF ABOVE PERSONS
Ace Surgical Supply Co., Inc.
____________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b)
____________________________________________________________
3 SEC USE ONLY
_________________________________________________________
4 SOURCE OF FUNDS*
PF _______________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) or 2 (e)
______________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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7 SOLE VOTING POWER
NUMBER OF
SHARES 822,857
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
-0
__________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
822,857
__________________________________________________________
PERSON WITH 10 SHARED DISPOSITIVE POWER
-0
________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 822,857
__________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
_______________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24%
___________________________________________________________
14 TYPE OF REPORTING PERSON*
Co __________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 3 of 4 pages
ITEM 1. Security and Issuer
Creative Technologies Corp.
170 53rd Street
Brooklyn, NY 11232
Shares of Common Stock
.
ITEM 2. Identity and background:
Reporting Entity
a. Ace Surgical Supply Co., Inc.
b. 170 53rd Street, Brooklyn, NY 11232
c. Sale of Surgical and Medical Supplies
d. None
e. None
f. New York
Name of Executive officers and principal members of
Reporting Entity
a. David Guttmann, Officer and Principal
Shareholder
b. 170 53rd Street
c. Officer of Issuer
d. None
e. None
f. USA
a. Barry Septimus, Officer and Principal
Shareholder
b. 445 Central Avenue, Cedarhurst, NY 11516
c. Investor
d. None
e. None
f. USA
<PAGE>
Page 4 of 4 Pages
ITEM 3. Source and Amount of Funds or Other Consideration
Personal funds conversion of debt in Issuer to
Convertible Preferred Stock
ITEM 4. Purpose of Transaction
Investment
ITEM 5. Interest in Securities of Issuer
Number of Shares - 720 - 1996 "A" Preferred Stock
purchased at $1,000 per share. Convertible into
Common Stock at $.875 per share or 822,857 shares of Common
Stock
Percentage of shares - 24%
David Guttmann owns an additional 120 1996 - A
preferred stock, 50 1996 preferred stock,
each exercisable to purchase 333 shares of Common Stock and
229,110 shares of Common Stock
Barry Septimus owns an additional 100 shares of
1996- A preferred stock and his wife, Bonnie
Septimus, owns 169,711 shares of Common Stock. Barry
Septimus disclaims beneficial ownership of these shares.
ITEM 6. Contract, arrangements, Understandings or
Relationships with Respect to
Securities of the Issuer.
None
ITEM 7. Material to be filled as Exhibits
None
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.
November 1, 1996 Ace Surgical Supply Co., Inc.
By: David Guttmann_______
David Guttmann, Officer
The original statement shall be signed by each person on
whose behalf the statement is filed or his authorized
representative. If the statement is signed on behalf of a
person by his authorized representative (other than an
executive officer or general partner of the filing person),
evidence of the representative's authority to sign on behalf
of such person shall be filed with the statement, provided,
however, that a power of attorney for this purpose which is
already on file with the Commission may be incorporated by
reference. The name of any title of each person who signs
the statement shall be typed or printed beneath his
signature.
