<TABLE>
<CAPTION>
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
FORM 3 Washington, D. C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the
Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
- ------------------------------------------------------------------------------------------------------------------------------------
|1 Name and Address of Reporting Person * |2 Date of Event |4 Issuer Name and Ticker/Trading Symbol|6 If Amendment, |
| | Requiring | | Date of Original |
| Ling Philip J. | Statement |1st Internet Group, Inc. NONE | (Month/Day/Year) |
| (Last) (First) (Middle)| (Month/Day/Year) |---------------------------------------| |
| | |5 Relationship of Reporting |-------------------|
| 7385 Nautica Way | 11/26/1999 | Person(s) to Issuer |7 Individual or |
| (Street1) |------------------| (Check all applicable) | Joint/Group Filing|
| |3 IRS Identifica- | ( X ) Director ( ) 10% Owner | (Check Applicable)|
| | tion Number of | | Form filed by: |
| (Street2) | Reporting Person,| ( X ) Officer ( ) Other | (X) One Reporting |
| | if an entity | (Give Title below) (Specify below) | Person |
| Lake Worth FL 33467 | (Voluntary) | | ( ) More Than One |
| (City) (State) (Zip) | | Chief Financial Officer | Reporting Person|
- ------------------------------------------------------------------------------------------------------------------------------------
Table I - Non-Derivative Securities Beneficially Owned
<S> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
|1 Title of Security |2 Amount of Securities|3 Ownership: |4 Nature of Indirect Beneficial Ownership|
| (Instruction 4) | Beneficially Owned | Direct (D) or| (Instruction 5) |
| | (Instruction 4) | Indirect (I) | |
| | | (Instr 5) | |
|--------------------------------------------------|----------------------|--------------|-----------------------------------------|
| Common Stock | 115,000 | D | |
- ------------------------------------------------------------------------------------------------------------------------------------
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v). SEC 1473 (3-99)
</TABLE>
<TABLE>
<CAPTION>
FORM 3 (Continued)
- ------------------------------------------------------------------------------------------------------------------------------------
Table II - Derivative Securities Beneficially Owned (Puts, Calls, Warrants, Options, Convertible Securities)
<S> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
|1 Title of Derivative Security|2 Date |3 Title and Amount of |4 Conver- |5 Owner- |6 Nature of Indirect |
| (Instruction 4) | Exercisable and | Securities Underlying | sion or | ship: | Beneficial Ownership|
| | Expiration Date | Derivative Security | Exercise | Direct | (Instruction 5) |
| | (Month/Day/Year) | (Instruction 4) | Price of | (D)or | |
| |-------------------|------------------------------------| Deriv- | Indirect| |
| | Date | Expira- | |Amount or| ative | (I) | |
| | Exer- | tion | Title |Number | Security |(Instr 5)| |
| | cisable | Date | |of Shares| | | |
|------------------------------|---------|---------|--------------------------|---------|----------|---------|---------------------|
| Common Stock |see note | 07/01/09| Common Stock | 150,000 | $1.00 | D | |
|------------------------------|---------|---------|--------------------------|---------|----------|---------|---------------------|
| | | | | | | | |
|------------------------------|---------|---------|--------------------------|---------|----------|---------|---------------------|
| | | | | | | | |
|------------------------------|---------|---------|--------------------------|---------|----------|---------|---------------------|
| | | | | | | | |
|------------------------------|---------|---------|--------------------------|---------|----------|---------|---------------------|
| | | | | | | | |
- ------------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses:
Options vest 20% on January 1, 2000, January 1, 2001, January 1, 2002,
January 1, 2003 and January 1, 2004, respectively.
Philip J. Ling Dec 01, 1999
____________________________________________ ____________
** Signature of Reporting Person Date
** Intentional misstatement or ommissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: Transmit one copy of this Form to EDGAR, using a typed signature.
If space is insufficient, see Intruction 6 for procedure. SEC 1473 (3-99)
</TABLE>
