A CONSULTING TEAM INC
3, 1997-08-07
MISCELLANEOUS BUSINESS SERVICES
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<PAGE>

 
                    U.S. SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549
- ------                                             -----------------------------
FORM 3                                                      OMB APPROVAL
- ------                                             -----------------------------
                                                   OMB NUMBER:  3235-0104
                                                   Expires:  September 30, 1998
                                                   Estimated average burden
                                                   hours per response ..     0.5
                                                   -----------------------------


            INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES



    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
      Section 17(a) of the Public Utility Holding Company Act of 1935 or
              Section 30(f) of the Investment Company Act of 1940


- --------------------------------------------------------------------------------
1. Name and Address of Reporting Person*

  BenTov                             Shmuel
- --------------------------------------------------------------------------------
  (Last)                             (First)                         (Middle)

  200 Park Avenue South
- --------------------------------------------------------------------------------
                                     (Street)

  New York                           NY                               10003
- --------------------------------------------------------------------------------
  (City)                             (State)                          (Zip)


- --------------------------------------------------------------------------------
2. Date of Event Requiring Statement (Month/Day/Year)

                    08/07/97
- --------------------------------------------------------------------------------
3. IRS or Social Security Number of Reporting Person (Voluntary)

   ###-##-####
- --------------------------------------------------------------------------------
4. Issuer Name AND Ticker or Trading Symbol

   The A Consulting Team, Inc. (TACX)
- --------------------------------------------------------------------------------
5. Relationship of Reporting Person(s) to Issuer:
       (Check all applicable)


             X    Director                   X     10% Owner
           -----                           ------ 

             X    Officer (give                    Other (Specify
           -----           title below)    ------         below)

         Chairman of the Board, Chief Executive Officer and President

- --------------------------------------------------------------------------------
6. If Amendment, Date of Original       (Month/Day/Year)


   ---
- --------------------------------------------------------------------------------
7. Individual or Joint/Group Filing     (Check Applicable Line)

 X  Form filed by One Reporting Person
- ---- 

    Form filed by More than One Reporting Person
- ---- 

- --------------------------------------------------------------------------------

            Table 1 -- Non-Derivative Securities Beneficially Owned

- --------------------------------------------------------------------------------
<TABLE> 
<CAPTION> 

1. Title of Security          2. Amount of Securities         3. Ownership Form:        4. Nature of Indirect Beneficial Ownership
   (Instr. 4)                    Beneficially Owned              Direct (D) or             (Instr. 4)
                                 (Instr. 4)                      Indirect (I)
                                                                 (Instr. 5)
- --------------------------    ---------------------------      -----------------        ------------------------------------------
<S>                           <C>                              <C>                      <C> 

   Common Stock                  3,550,000                       D                         N/A
- --------------------------    ---------------------------      -----------------        ------------------------------------------

- --------------------------    ---------------------------      -----------------        ------------------------------------------

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</TABLE> 

Reminder: Report on a separate line for each class of securities beneficially 
          owned directly or indirectly.

*If the form is filed by more than one reporting person, see Instruction 
 5(b)(v).
<PAGE>
 
FORM 3 (continued)   

<TABLE> 
<CAPTION> 

        Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
- ---------------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative Security   2. Date Exer-   3. Title and Amount of Securities  4. Conversion   5. Ownership    6. Nature of 
   (Instr. 4)                        cisable and     Underlying Derivative Security     or Exercise     Form of         Indirect
                                     Expiration      (Instr. 4)                         Price of        Derivative      Beneficial
                                     Date                                               Derivative      Security:       Ownership
                                    (Month/Day/                                         Security        Direct (D)      (Instr. 5)
                                     Year)                                                              or
                                  ------- ------- ---------------------------------                     Indirect (I)
                                  Date    Expira-                            Amount                     (Instr. 5)
                                  Exer-   tion                               or
                                  cisable Date             Title             Number
                                                                             of
                                                                             Shares
- -------------------------------   ------- -------  ------------------------  ------ --------------- --------------- ------------- 
<S>                               <C>     <C>     <C>                        <C>    <C>             <C>             <C> 
   N/A
- -------------------------------   ------- -------  ------------------------  ------ --------------- --------------- ------------- 

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- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE> 

Explanation of Responses:


**Intentional misstatements or omissions of facts constitute Federal Criminal 
  Violations.
  See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If 
      space provided is insufficient, See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.

                              /s/ Shmuel BenTov                      8/6/97
                              -------------------------------     -----------
                              **Signature of Reporting Person         Date



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