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), (c) AND (d) AND AMENDMENTS THERETO
FILED PURSUANT TO RULE 13d-2(b)*
Chapman Capital Management Holdings, Inc.
(Name of Issuer)
Common Stock, $0.001 par value
(Title of Class of Securities)
159508 10 0
(CUSIP Number)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[x] 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.
(Continued on following page(s))
Page 1 of 5 Pages
<PAGE>
CUSIP No. 159508 10 0 Page 2 of 5
Pages
_________________________________________________________________
__
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Nathan A. Chapman, Jr.
_________________________________________________________________
________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
_________________________________________________________________
________
3. SEC USE ONLY
_________________________________________________________________
________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_________________________________________________________________
________
5. SOLE VOTING POWER
NUMBER OF 2,285,143
SHARES
_________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
EACH
_________________________________________________________
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 2,285,143
WITH
_________________________________________________________
8. SHARED DISPOSITIVE POWER
0
_________________________________________________________________
________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,285,143
_________________________________________________________________
________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
_________________________________________________________________
________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
68.2%
_________________________________________________________________
________
12. TYPE OF REPORTING PERSON
IN
_________________________________________________________________
________
<PAGE>
CUSIP No. 159508 10 0 Page 3 of 5
Pages
Item 1.
Item 1(a): Name of Issuer:
Chapman Capital Management Holdings, Inc.
Item 1(b): Address of Issuer's Principal Executive
Offices:
World Trade Center-Baltimore
401 East Pratt Street
28th Floor
Baltimore, MD 21202
Item 2.
Item 2(a): Name of Person Filing:
Nathan A. Chapman, Jr.
Item 2(b): Address of Principal Business Office or, if
None, Residence:
The World Trade Center-Baltimore
401 East Pratt Street
28th Floor
Baltimore, MD 21202
Item 2(c): Citizenship:
United States
Item 2(d): Title of Class of Securities:
Common Stock, $0.001 par value
Item 2(e): CUSIP Number:
159508 10 0
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
<PAGE>
CUSIP No. 159508 10 0 Page 4 of 5
Pages
Item 4. Ownership:
Item 4 (a) Amount Beneficially Owned:
2,285,143
Item 4 (b) Percent of Class:
68.2%
Item 4 (c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the
vote:
2,285,143
(ii) Shared power to vote or direct the vote:
0
(iii) Sole power to dispose or direct the
disposition of:
2,285,143
(iv) Shared power to dispose or to direct the
disposition of:
0
Item 5.Ownership of Five Percent or Less of a Class.
Not Applicable.
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.
Not Applicable.
<PAGE>
CUSIP No. 159508 10 0 Page 5 of 5
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: February 10, 1999
/s/ NATHAN A. CHAPMAN, JR.
Nathan A. Chapman, Jr.
BA0DOCS1\0067368.01
