SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Rule 13d-102
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
HEALTHWORLD CORPORATION
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(Name of Issuer)
Common Stock, $.01 Par Value
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(Title of Class of Securities)
42222E103
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(CUSIP Number)
12/31/98
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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)
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* 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 disclosures provided in a prior cover page.
The information required on 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 Pages
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CUSIP No. 42222E103 Page 2 of 5 Pages
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(1) Names and I.R.S. Identification Nos.(entities only) of reporting persons.
William Leslie Milton
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(2) Check the appropriate box if a member of a group (see instructions) (a)|_|
(b)|_|
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(3) SEC use only.
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(4) Citizenship or place of organization.
United States
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power:
1,305,568
(6) Shared voting power:
0
(7) Sole dispositive power:
1,305,568
(8) Shared dispositive power:
0
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(9) Aggregate amount beneficially owned by each reporting person.
1,305,568
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(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
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(11) Percent of class represented by amount in Row 9.
17.6%
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(12) Type of reporting person (see instructions).
IN
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Item 1 (a). Name of Issuer:
Healthworld Corporation.
Item 1 (b). Address of Issuer's Principal Executive Offices:
100 Avenue of the Americas, New York, NY 10013.
Item 2 (a). Name of Person Filing:
William Leslie Milton.
Item 2 (b). Address of Principal Business Office or, if None, Residence:
c/o Healthworld Corporation, 100 Avenue of the Americas, New York,
NY 10013.
Item 2 (c). Citizenship:
United States.
Item 2 (d). Title of Class of Securities:
Common Stock, par value $.01 per share.
Item 2 (e). CUSIP Number:
42222E103.
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or
(c), Check Whether the Person Filing is a:
(a) |_| Broker and dealer registered under Section 15 of the
Exchange Act.
(b) |_| Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) |_| Insurance company as defined in Section 3(a)(19) of the
Exchange Act.
(d) |_| Investment company registered under Section 8 of the
Investment Company Act.
(e) |_| An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) |_| An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F);
(g) |_| A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G);
(h) |_| A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) |_| A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the
Investment Company Act;
(j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Page 3 of 5 Pages
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If this statement is filed pursuant to Rule 13d-1(c), check this
box. |X|
Item 4. Ownership
(a) Amount beneficially owned as of December 31, 1998: 1,305,568
(b) Percent of class: 17.6%
(c) Number of Shares as to which the Reporting Person has:
(i) sole power to vote or direct the vote: 1,305,568;
(ii) shared power to vote or to direct the vote: 0;
(iii) sole power to dispose or direct the disposition of:
1,305,568; and
(iv) shared power to dispose or to direct the disposition of:
0.
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 |_|.
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.
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 4 of 5 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.
February 9, 1999
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(Date)
/s/ William Leslie Milton
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(Signature)
WILLIAM LESLIE MILTON
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(Name/Title)
Page 5 of 5 Pages
