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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(Amendment No. 1)(1)
IAT Multimedia, Inc.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
449202100
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(CUSIP Number)
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(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 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
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. 449202100 13G Page __ of __ Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON (ENTITIES ONLY)
Klaus-Dirk Sippel
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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
Switzerland
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5 SOLE VOTING POWER
657,059
NUMBER OF
SHARES ----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING
PERSON ----------------------------------------------------
WITH
7 SOLE DISPOSITIVE POWER
600,494
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8 SHARED DISPOSITIVE POWER
56,565
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,055,923
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.45%
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12 TYPE OF REPORTING PERSON*
IN
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* SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 449202100 13G Page __ of __ Pages
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Item 1(a) Name of Issuer:
IAT Multimedia, Inc.
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Item 1(b) Address of Issuer's Principal Executive Offices:
Geschaftshaus Wasserschloss, Aarestrasse 17, CH-5300 Vogelsang-Turgi,
Switzerland
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Item 2(a) Name of Person Filing:
Klaus-Dirk Sippel
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Item 2(b) Address of Principal Business Office or, if None, Residence:
Tannenweg 2, CH-5415 Nussbaumen, Switzerland
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Item 2(c) Citizenship:
Switzerland
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Item 2(d) Title of Class of Securities:
Common Stock, par value $.01 per share
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Item 2(e) CUSIP Number:
449202100
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Item 3. If this statement is filed pursuant to Rules 13d-1(b), check whether
the person filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the Act,
(b) [ ] Bank as 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 Adviser registered under Section 203 of the
Investment Advisers Act of 1940,
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; see Item 7,
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CUSIP NO. 449202100 13G Page __ of __ Pages
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(g) [ ] Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G);
see Item 7,
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H)
Item 4. Ownership.
(a) Amount beneficially owned:
1,055,923
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(b) Percent of class:
10.45%
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(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 657,059
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(ii) Shared power to vote or to direct the vote -0-
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(iii) Sole power to dispose or to direct the disposition of 600,494
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(iv) Shared power to dispose or to direct the disposition of 56,565
------------
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following [ ].
Not applicable
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
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CUSIP NO. 449202100 13G Page __ of __ Pages
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Item 9. Notice of Dissolution of Group.
Not applicable
Item 10. Certification.
Not applicable
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CUSIP NO. 449202100 13G Page __ of __ 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.
3/11/98
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(Date)
/s/ Klaus-Dirk Sippel
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(Signature)
Klaus-Dirk Sippel
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(Name/Title)
