UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Interstate Business Corporation
222 Smallwood Village Center
St. Charles, MD 20602
2. Date of Event Requiring Statement (Month/Day/Year)
10/5/98
3. I.R.S. or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
American Community Properties Trust (APO)
5. Relationship of Reporting Person to Issuer (Check all applicable)
[ ] Director [X] 10% Owner [ ] Officer (give title below) [ ] Other
(specify below) Beneficial Owner
6. If Amendment, Date of Original (Month/Day/Year)
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Table I Non-Derivative Securities Beneficially Owned
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1. Title of Security 2. Amount of 3. Ownership Form: 4. Nature of Indirect
Securities Direct (D) or Beneficial Ownership
Beneficially Owned Indirect (I)
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<S> <C> <C> <C>
Common Stock 1,515,257 D
Common Stock 25,000 I Owns 100% of Equus
Management Company
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Table II Derivative Securities Beneficially Owned
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1. Title of Derivative Security 2. Date Exercisable 3. Title and Amount of 4. Conver- 5. Ownership 6. Nature of
and Expiration Date Securities Underlying sion or Form of Indirect
(Month/Day/Year) Derivative Security Exercise Derivative Beneficial
Price of Security Ownership
Date Expira- Amount or Deri- Direct(D)
Exer- tion Number of vative or
cisable Date Title Shares Security Indirect(I)
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Explanation of Responses:
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SIGNATURE OF REPORTING PERSON
/s/ J. Michael Wilson
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DATE: October 7, 1998
