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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
HLM DESIGN, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $.001 PER SHARE
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(Title of Class of Securities)
404 217 10 1
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(CUSIP Number)
June 18, 1998
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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)
*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).
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CUSIP No.: 404 217 10 1
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(1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above
Persons:
BERTHEL FISHER & COMPANY 42-1254805
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(2) Check the Appropriate Box if a Member of a Group (See Instructions).:
(a) [ ]
(b) [ X ]
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(3) SEC Use Only
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(4) Citizenship or Place of Organization: Iowa corporation
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Number of (5) Sole Voting Power:
Shares 37,000
Beneficially --------------------------------------------------------
Owned by (6) Shared Voting Power
Each 113,531
Reporting --------------------------------------------------------
Person
With (7) Sole Dispositive Power
37,000
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(8) Shared Dispositive Power
113,531
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
150,531
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(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions):
Not Applicable
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(11) Percent of Class Represented by Amount in Row 9:
7.3%
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(12) Type of Reporting Person (See Instructions):
HC
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CUSIP No.: 404 217 10 1
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(1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above
Persons:
THOMAS J. BERTHEL ###-##-####
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(2) Check the Appropriate Box if a Member of a Group (See Instructions).:
(a) [ ]
(b) [ X ]
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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 (5) Sole Voting Power:
Shares 30,000
Beneficially --------------------------------------------------------
Owned by (6) Shared Voting Power
Each 155,731
Reporting --------------------------------------------------------
Person
With (7) Sole Dispositive Power
30,000
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(8) Shared Dispositive Power
155,731
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
185,731
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(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions):
Not Applicable
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(11) Percent of Class Represented by Amount in Row 9:
9.0%
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(12) Type of Reporting Person (See Instructions):
IN, HC
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Item 1 (a) Name of Issuer: HLM DESIGN, INC.
<TABLE>
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(b) Address of Issuer's Principal Executive Offices: 121 West Trade Street, Suite 2950
Charlotte, North Carolina 28202
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Item 2 (a) Names of Persons Filing: Berthel Fisher & Company
Thomas J. Berthel
(b) Address or Principal Business Office or, if none, Residence:
100 Second St. S.E.
Cedar Rapids, Iowa 52401
(c) Citizenship: Berthel Fisher & Company: Organized under the laws
of Iowa
Thomas J. Berthel: United States
(d) Title of Class of Securities:Common Stock, par value $.001 per
share
(e) CUSIP No.: 404 217 10 1
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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 (a) - (c). Ownership
The information in items 1 and 5-11 on the cover pages (pp 2-3) of this
statement on Schedule 13G is hereby incorporated by reference.
Item 5. Ownership of 5 Percent or Less of a Class. [ ] Not Applicable
Item 6. Ownership of More than 5 Percent on Behalf of Another Person:
Thomas J. Berthel ("Mr. Berthel") is reported as having shared voting
power and shared dispositive power with respect to (a) 5,200 shares owned
by his wife for her own account and for the account of his children, (b)
37,000 shares owned by Berthel Fisher & Company ("BFC"), (c) 43,631 shares
owned by Berthel Fisher & Company Leasing, Inc. ("BFCL") and (d) 69,900
shares owned by Berthel Fisher & Company Financial Services, Inc.
("BFCFS"). Mr. Berthel is treated for purposes of this filing as if he
were the beneficial owner of shares owned by his wife and children.
Because Mr. Berthel is a major shareholder and CEO of BFC, Mr Berthel is
treated for purposes of this filing as if he were the beneficial owner of
shares owned by BFC and of shares owned by both BFCL and BFCFS. Both BFCL
and BFCFS are subsidiaries of BFC. BFC is treated for purposes of this
filing as if it were the beneficial owner of shares owned by BFCL and
BFCFS. BFC owns more than five percent of the issuer when shares of BFCL
and BFCFS are included, and is, therefore, a reporting person in this
filing. Neither BFCL nor BFCFS owns more than five percent of the issuer.
All of the numbers of shares reported in this filing include shares
acquired through the date of filing of this Schedule 13G.
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Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company: See
Exhibit A.
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 purposes 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.
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.
July 17, 1998
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Date
/s/ Thomas J. Berthel
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Thomas J. Berthel, individually and as
President and CEO of Berthel Fisher
& Company
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EXHIBIT A
ITEM 7 INFORMATION
Berthel Fisher & Company Leasing, Inc., an Iowa corporation, owns 43,631 shares
of Common Stock of the issuer as of July 16, 1998, and is a subsidiary of
Berthel Fisher & Company.
Berthel Fisher & Company Financial Services, Inc., an Iowa corporation, owns
69,900 shares of Common Stock of the issuer as of July 16, 1998, and is a
subsidiary of Berthel Fisher & Company.
Thomas J. Berthel owns is a major shareholder of Berthel Fisher & Company and
serves as its President and CEO. Mr. Berthel also serves as the CEO of both
Berthel Fisher & Company Leasing, Inc. and Berthel Fisher & Company Financial
Services, Inc. Mr. Berthel may be deemed to be a control person of Berthel
Fisher & Company, Berthel Fisher & Company Leasing, Inc. and Berthel Fisher &
Company Financial Services, Inc.
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