SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
AGRI BIO-SCIENCES, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
00849V106
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(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 (however, see
the Notes).
CUSIP NO. 00849V106
(1) Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
Lester H. Stephens
(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 of America
Number of shares beneficially owned by each reporting person with:
(5) Sole voting power 290,000
(6) Shared voting power 1,118,000
(7) Sole dispositive power 290,000
(8) Shared dispositive power 1,118,000
(9) Aggregate amount beneficially
owned by each reporting person 1,408,000
(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) 12.4%
(12) Type of reporting person (see instructions) IN
<PAGE>
Lester H. Stephens (the "Reporting Person") hereby files this Amendment No. 1 to
his Statement on Schedule 13G. This Amendment No. 1 is being filed to correct an
inadvertent understatement, contained in the Reporting Person's original
Statement on Schedule 13G, of the number of shares of common stock, par value
$.01 per share, issued by Agri Bio-Sciences, Inc., a Delaware corporation (the
"Company"), over which the Reporting Person has the shared power to vote and to
dispose of. This Amendment No. 1 merely corrects the understatement and updates
the Reporting Person's percentage ownership as of the date hereof, while
otherwise restating the original Statement on Schedule 13G in its entirety.
Item 1(a) Name of issuer:
Agri Bio-Sciences, Inc.
Item 1(b) Address of issuer's principal executive offices:
5211 Court of York, Houston, Texas 77069
Item 2(a) Name of Person(s) Filing:
Lester H. Stephens
Item 2(b) Address of Principal Business Office:
5211 Court of York, Houston, Texas 77069
Item 2(c) Citizenship or Place of Organization:
United States of America
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number: 00849V106
Item 3 Not applicable.
Item 4 Ownership. Provide the following information regarding the aggregate
number and percentage of the class of securities of
the issuer identified in Item 1.
(a) Amount Beneficially Owned:
1,408,000
(b) Percent of class:
12.4%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
290,000
(ii) Shared power to vote or to direct the vote:
1,118,000
(iii) Sole power to dispose or to direct the disposition
of:
290,000
(iv) Shared power to dispose or to direct the disposition
of:
1,118,000
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 5 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.
Not applicable.
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.
Dated: March 16, 2000
/s/ Lester H. Stephens
Lester H. Stephens
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative other than an
executive officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
Note
Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 13d-7 for other
parties for whom copies are to be sent.
Attention
Intentional misstatements or omissions of fact constitute Federal
criminal violations (see 18 U.S.C. 1001).
