<PAGE> 1
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)
THE A CONSULTING TEAM, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
000881-10-2
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(CUSIP Number)
AUGUST 4, 1999
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(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)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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 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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SCHEDULE 13G
CUSIP No. 000881-10-2 Page 2 of 6 Pages
<TABLE>
<S> <C>
1 NAME OF REPORTING PERSON
Global Credit Corp. (Overseas) Ltd.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
N/A
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Ireland
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
6 SHARED VOTING POWER
-0-
7 SOLE DISPOSITIVE POWER
-0-
8 SHARED DISPOSITIVE POWER
-0-
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
12 TYPE OF REPORTING PERSON
CO
</TABLE>
<PAGE> 3
SCHEDULE 13G
CUSIP No. 000881-10-2 Page 3 of 6 Pages
<TABLE>
<S> <C>
1 NAME OF REPORTING PERSON
Charles Ewert
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
N/A
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Luxembourg
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
6 SHARED VOTING POWER
-0-
7 SOLE DISPOSITIVE POWER
-0-
8 SHARED DISPOSITIVE POWER
-0-
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
12 TYPE OF REPORTING PERSON
IN
</TABLE>
<PAGE> 4
SCHEDULE 13G
CUSIP No. 000881-10-2 Page 4 of 6 Pages
ITEM 1(a). NAME OF ISSUER:
The A Consulting Team, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
200 Park Avenue South
New York, New York 10003
ITEM 2(a). NAME OF PERSON FILING:
Global Credit Corp. (Overseas) Ltd. ("Global Credit")
Mr. Charles Ewert
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Global Credit Corp. (Overseas) Ltd.
3 Christchurch Square
Dublin 8, Ireland
Mr. Charles Ewert
Residence des Princes
9B Bd. Du Prince Henri
L-1724 Luxembourg
ITEM 2(c). CITIZENSHIP:
Global Credit - Ireland
Mr. Ewert - Luxembourg
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, $ .01 par value per share
ITEM 2(e). CUSIP NUMBER:
000881-10-2
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR 13d-2(b),
CHECK WHETHER THE PERSON FILING IS A:
Not applicable
ITEM 4. OWNERSHIP:
Global Credit:
(a) Amount beneficially owned: -0- shares
(b) Percent of class: 0%
(c) Number of shares as to which such person has
(i) sole power to vote or direct the vote: -0-
(ii) shared power to vote or direct the vote: -0-
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SCHEDULE 13G
CUSIP No. 000881-10-2 Page 5 of 6 Pages
(iii) sole power to dispose or to direct the disposition
of: -0-
(iv) shared power to dispose or direct the disposition
of: -0-
Mr. Ewert:
(a) Amount beneficially owned: -0-
(b) Percent of class: 0%
(c) Number of shares as to which such person has
(i) sole power to vote or direct the vote: -0-
(ii) shared power to vote or direct the vote: -0-
(iii) sole power to dispose or to direct the disposition
of: -0-
(iv) shared power to dispose or direct the disposition of:
-0-
The shares previously reported on Form 13G as owned by Global Credit
and indirectly through controlled corporations by Mr. Charles Ewert are no
longer under the control of Global Credit or Mr. Ewert. Such shares have been
transferred from Global Credit 's account without the knowledge of Global Credit
or Mr. Ewert.
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: [X]
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 THE MEMBERS OF THE GROUP:
Not applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not applicable
ITEM 10. CERTIFICATION:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
<PAGE> 6
SCHEDULE 13G
CUSIP No. 000881-10-2 Page 6 of 6 Pages
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.
Date: August 23, 2000
GLOBAL CREDIT CORP. (OVERSEAS) LTD.
By: /s/ Charles Ewert
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Name: Charles Ewert
Title: Authorized Representative
CHARLES EWERT
/s/ Charles Ewert
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