LIFESTREAM TECHNOLOGIES INC
SC 13G/A, 1999-07-02
SURGICAL & MEDICAL INSTRUMENTS & APPARATUS
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                                  United States
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington D.C. 20549

                                 Schedule 13G/A

                    Under the Securities Exchange Act of 1934


                          Lifestream Technologies, Inc.
                                (Name of Issuer)


                                  Common Stock
                         (Title of Class of Securities)

                                    53219K101
                                 (CUSIP Number)

                                 August 4, 1998
             (Date of Event Which Requires Filing of this Statement)



Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

[_] Rule 13d-1(b)

[_] Rule 13d-1(c)

[X] Rule 13d-1(d)

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).




                                  Page 1 of 5




<PAGE>


CUSIP No. 53219K101          Schedule 13G/A                          Page 2 of 5

- --------------------------------------------------------------------------------
1.       Names of Reporting Persons.
         Commodity Management & Research, Inc.
- --------------------------------------------------------------------------------
2.       Check the Appropriate Box if a Member of a Group

          (a)      [X]

          (b)      [_]
- --------------------------------------------------------------------------------
3.       SEC Use Only

- --------------------------------------------------------------------------------
4.       Citizenship or Place of Organization.
         Incorporated in Colorado

- --------------------------------------------------------------------------------
Number of         5.       Sole Voting Power

Shares                     1,352,000

Beneficially      6.       Shared Voting Power

Owned by Each              -0-

Reporting         7.       Sole Dispositive Power

Person                     1,352,000

With              8.       Shared Dispositive Power

                           -0-
- --------------------------------------------------------------------------------
9.       Aggregate Amount Beneficially Owned by Each Reporting Person
         1,352,000 shares
- --------------------------------------------------------------------------------
10.      Check if the Aggregate Amount in Row (9) Excludes Certain Shares
         [X]
- --------------------------------------------------------------------------------
11.      Percent of Class Represented by Amount in Row (9)
         12.0%
- --------------------------------------------------------------------------------
12.      Type of Reporting Person

         CO


<PAGE>


CUSIP No. 53219K101          Schedule 13G/A                          Page 3 of 5

- --------------------------------------------------------------------------------
2.       Names of Reporting Persons.
         Tim Mather
- --------------------------------------------------------------------------------
5.       Check the Appropriate Box if a Member of a Group

          (c)      [X]

          (d)      [_]
- --------------------------------------------------------------------------------
6.       SEC Use Only

- --------------------------------------------------------------------------------
7.       Citizenship or Place of Organization.
         United States Citizen

- --------------------------------------------------------------------------------
Number of         5.       Sole Voting Power

Shares                     1,352,000

Beneficially      6.       Shared Voting Power

Owned by Each              -0-

Reporting         7.       Sole Dispositive Power

Person                     1,352,000

With              8.       Shared Dispositive Power

                           -0-
- --------------------------------------------------------------------------------
9.       Aggregate Amount Beneficially Owned by Each Reporting Person
         1,352,000 shares
- --------------------------------------------------------------------------------
13.      Check if the Aggregate Amount in Row (9) Excludes Certain Shares
         [X]
- --------------------------------------------------------------------------------
14.      Percent of Class Represented by Amount in Row (9)
         12.0%
- --------------------------------------------------------------------------------
15.      Type of Reporting Person

         IN


<PAGE>


CUSIP No. 53219K101          Schedule 13G/A                          Page 4 of 5



Item 1.

(a)  The  name of the  issuer  is  Lifestream  Technologies,  Inc.,  a  Delaware
     corporation (the "Issuer").

(b)  The address of the principal  executive offices of the Issuer is 201 Linden
     Street, Suite 302, Fort Collins, CO 80524.

Item 2.

(a)  The Reporting  Persons are Tim Mather and Commodity  Management & Research,
     Inc.

(b)  The business  address for each of the Reporting  Persons is 201 Centennial,
     Glenwood  Springs,  CO 81601.

(c)  Mr.  Mather is a citizen of the United  States and  Commodity  Management &
     Research, Inc. is a Colorado corporation.

(d)  This statement relates to the common stock of the Issuer.

(e)  The relevant CUSIP number is 53219K101.

Item 3.

Non-applicable,  this statement is not filed pursuant to  ss.ss.240.13d-1(b)  or
240.13d-2(b) or (c).

Item 4.

     (a)  1,352,000 shares
     (b)  12.0%
     (c)
          (i)      1,352,000 shares *
          (ii)     -0-
          (iii)    1,352,000 shares *
          (iv)     -0-

           *      See Item 6, below.

Item 5.

Non-applicable.

<PAGE>


CUSIP No. 53219K101          Schedule 13G/A                          Page 5 of 5


Item 6.

1,140,000  of the  shares  listed  above are held in a  partnership,  Lifestream
Development  Partners in the name of "Lifestream  Development Partners CMR." The
relevant  partnership  agreement  provides for equal rights in the management of
the  partnership  business.  As a result,  although the shares are designated as
belonging  to  Commodity  Management  &  Research,   Inc.,  the  other  partner,
Lifestream  Diagnostics,  Inc.,  may have  authority  to  control  the voting or
disposition of these shares.  However, the course of business of the partnership
has been that only Tim Mather votes these shares.

Item 7.

Non-applicable, this statement is not filed pursuant to Rule 13d-1(b)(ii)(G).

Item 8.

Non-applicable, this statement is not filed pursuant to 240.13-1(b)(1)(ii)(J).

Item 9.

Non-applicable.

Item 10.

Non-applicable,  this  statement  is  not  filed  pursuant  to  240.13d-1(b)  or
240.13-1(c).


     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.

                                            TIM MATHER
                                            4/30/99
                                            ------------------------------
                                            Date

                                            /s/ Tim Mather
                                            ------------------------------
                                            Signature

                                            Tim Mather/individual
                                            ------------------------------
                                            Name/Title


                                            COMMODITY MANAGEMENT & RESEARCH
                                            4/30/99
                                            ------------------------------
                                            Date

                                            /s/ David Chapman
                                            ------------------------------
                                            Signature

                                            David Chapman/Secretary
                                            ------------------------------
                                            Name/Title




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