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F O R M 3 U.S. Securities and Exchange Commission OMB Approval
Washington, D.C. 20549 OMB Number 3235-0104
Expires: September 30, 1998
Estimated ave.burden
hours per response .............0.5
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<S> <C>
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF
SECURITIES Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934, Section17(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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<S> <C> <C>
1. Name and Address of Reporting Person 2. Date of Event Requiring 3. IRS or Soc.Sec.No.
Statement (Month/Day/Yr) of Reporting Person
O'Sullivan Paul (Voluntary)
08/31/1998
_____________________________________ _______________________ __________________
(Last) (First) (Middle)
The Beren, Blisworth Hill Farm, Stoke Road
_____________________________________ 4. Issuer Name and Ticker or Trading
(Street) Symbol
Sunburst Acquisitions I, Inc. (SBSS)
Blisworth, Northamptonshire NN7 3DB United Kingdom
_____________________________________ _______________________________________________
(City) (State) (ZIP)
5. Relationship of Reporting Person to Issuer 6. If Amendment, Date of Original
(Check all applicable)
X Director 10% Owner ____________________________________
--- --- (Month/Day/Year)
X Officer Other
--- ---
(give title below) (specify below) 7. Individual or Joint/Group Filing
(Check Applicable Line)
Vice President -
Director of Development X Form filed by one Reporting Person
------------------------------- ---
___ Form filed by more than one Reporting Person
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* If the Form is filed by more than one Reporting
Person, see Instruction 5(b)(v)
- - ------------------------------------------------------------------------------------------------------------
Table I - Non-Derivative Securities Beneficially Owned
- - ------------------------------------------------------------------------------------------------------------
1. Title of Security 2. Amount of 3. Ownership Form: 4. Nature of Indirect
(Instr. 4) Securities Direct (D) or Beneficial
Beneficially Indirect (I) Ownership
Owned (Instr. 4) (Instr. 5) (Instr. 5)
---------------------------- ---------------- ---------------- -----------------
Common Stock 26,446,310 I By Selisik 2 Trust*
---------------------------- ---------------- ---------------- -----------------
---------------------------- ---------------- ---------------- -----------------
---------------------------- ---------------- ---------------- -----------------
---------------------------- ---------------- ---------------- -----------------
---------------------------- ---------------- ---------------- -----------------
<FN>
*The reporting person is within a class of beneficiaries of the Selisik 2 Trust (the "Trust") which has indirect
beneficial ownership of 26,446,310 shares, which are held of record by Montague Limited. The percentage of the
reporting person's beneficial interest in the assets of the Trust has not been determined at this time.
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
(Print or Type Responses)
</FN>
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FORM 3 (continued)
Page 2
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- - ------------------------------------------------------------------------------------------------------------
Table II - Derivative Securities Beneficially Owned
(e.g. puts, calls, warrants, options, convertible securities)
- - ------------------------------------------------------------------------------------------------------------
1. Title of 2. Date Exercisable and 3. Title and Amount of Securities
Derivative Expiration Date Underlying Derivative Security
Security (Month/Day/Year) (Instr. 4)
Date Expiration Amount or Number
Exercisable Date Title of Shares
- - -------------------------- ----------- ---------- ---------------- --------------------
- - -------------------------- ----------- ---------- ---------------- --------------------
- - -------------------------- ----------- ---------- ---------------- --------------------
- - -------------------------- ----------- ---------- ---------------- --------------------
- - -------------------------- ----------- ---------- ---------------- --------------------
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4. Conversion or Exercise 5. Ownership Form of 6. Nature of Indirect Beneficial
Price of Derivative Derivative Security: Ownership
Security Direct (D) or Indirect (I) (Instr. 5)
(Instr. 4) (Instr. 5)
---------------------------- ---------------------------------- ------------------------------
---------------------------- ---------------------------------- ------------------------------
---------------------------- ---------------------------------- ------------------------------
---------------------------- ---------------------------------- ------------------------------
---------------------------- ---------------------------------- ------------------------------
---------------------------- ---------------------------------- ------------------------------
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</TABLE>
Explanation of Responses:
/s/ Paul O'Sullivan 09/10/98
--------------------------------- -----------
**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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