UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington , D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _________)*
Americas Senior Financial Services
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
03061V101
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(CUSIP Number)
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CUSIP NO. 03061V101 13G Page ____ of _____Pages
1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Fennell Avenue LLC
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2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
(b)
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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NUMBER OF 5 SOLE VOTING POWER
SHARES 256,740 (See Note A)
BENFICIALLY ________________________________________________________________
OWNED BY
EACH 6 SHARED VOTING POWER
REPORTING NA
PERSON ________________________________________________________________
WITH
7 SOLE DISPOSITIVE POWER
256,740 (See Note A)
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8 SHARED DISPOSITIVE POWER
NA
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9 AGGREGATE AMOUNT BENFICIALLY OWNED BY EACH REPORTING PERSON
256,740 (See Note A)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES *
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.47%
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12 TYPE OF REPORTING PERSON
CO
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Item 1.
a) Name of Issuer: Americas Senior
b) Address: 15544 NW 77th Court
Miami Lakes, FL 33016
Item 2.
a) Name of Filer: Fennell Avenue LLC
b) Address of Filer: Corporate Center
Windward One
West Bay Road
PO Box 31106 SMB
Grand Cayman, Cayman Islands
c) Citizenship: Cayman Islands
d) Title of Class of Securities: Common Stock
e) CUSIP Number: 03061V101
Item 3. If 13d filing: N/A
Item 4. Ownership
a) Amount beneficially owned: 256,740 (See Note A)
b) Percent of Class: 3.47%
c) Number of shares:
(i) Sole voting power -- 256,740 (See Note A)
(ii) Shared voting power -- na
(iii) Sole disposal power -- 256,740 (See Note A)
(iv) Shared disposal power - na
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Item 5. Less than 5% beneficial ownership na
Item 6. More than 5% on behalf of another na
Item 7. Subsidiary na
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Item 8. If group na
Item 9. Notice of Dissolution na
Item 10. Certification
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
SIGNATURES
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.
March 24, 2000
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Date
Fennell Avenue LLC
By: Navigator Management ,Ltd.
By:s/David Sims
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Managing Director
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NOTE A
The shares of common stock referred to in this Form 13G are based on the
reporting person's receipt of shares pursuant to the terms of a Convertible
Debenture dated on or about May 3, 1999 (the "Debenture"). The Debenture
provides for conversion into shares of common stock at the lower of the Initial
Market Price or 85% of the average of the lowest five closing bid prices in the
20 trading days prior to conversion.
As of March 23, 2000, the reporting person holds 222,257 shares of common
stock, a debenture with an unconverted principal amount of $1,136,005 and
aWarrant Agreement dated on or about May 3, 1999. The Debenture provides that
the reporting person cannot exercise such rights to purchase shares of common
stock of the Issuer thereunder if such exercise would increase the reporting
person's ownership of common stock of the Issuer to more than 9.99% of the
outstanding shares. The Warrant Agreement provides that the reporting person
cannot exercise such rights to purchase shares of common stock of the Issuer
thereunder if such exercise would increase the reporting person's ownership of
common stock of the Issuer to more than 9.99% of the outstanding shares.
