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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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 13D-2(B)
(AMENDMENT NO. 1)1
TOWNE SERVICES, INC.
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(Name of Issuer)
Common Stock, no par value per share
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(Title of Class of Securities)
892148107
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(CUSIP Number)
December 31, 1999
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(Date of Event Which Requires Filing of this Statement)
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(1) 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 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. 892148107 13G PAGE 2 OF 5 PAGES
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<TABLE>
<S> <C> <C>
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1. NAMES OF REPORTING PERSONS Henry M. Baroco
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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2. CHECK THE 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 U.S. Citizen
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5. SOLE VOTING POWER 1,811,133
NUMBER OF
SHARES ----------------------------------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 0
OWNED BY
EACH ----------------------------------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER 1,811,133
PERSON WITH
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8. SHARED DISPOSITIVE POWER 0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,811,133
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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
6.4%
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12. TYPE OF REPORTING PERSON*
IN
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</TABLE>
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ITEM 1(A). NAME OF ISSUER:
Towne Services, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
3950 Johns Creek Court, Suite 100
Suwanee, GA 30024
ITEM 2(A). NAME OF PERSON FILING:
Henry M. Baroco
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
3950 Johns Creek Court, Suite 100
Suwanee, GA 30024
ITEM 2(C). CITIZENSHIP:
United States of America
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(E). CUSIP NUMBER:
892148107
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:
Not applicable.
ITEM 4. OWNERSHIP.
(a) Amount Beneficially Owned:
1,811,133
(b) Percent of Class:
6.4%
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(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote
1,811,133
(ii) shared power to vote or to direct the vote
0
(iii) sole power to dispose or to direct the
disposition of
1,811,133
(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. CERTIFICATIONS.
Not applicable.
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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 10, 2000
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(Date)
/s/ Henry M. Baroco
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Henry M. Baroco
President and Chief Operating Officer
Towne Services, Inc.
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