FORM 4
OMB Approval
OMB Number 3235-0362
Expires: February 1, 1994
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
__ Check if no longer subject to Section 16, Form 4 or Form 5, Obligation
may continue. (See Instructions)
1. Name and Address of Reporting Person: Ludlum, Bonnie
3135 S.W. Mapp Road
Palm City, FL 34990
2. Issuer Name and Ticker or Trading Symbol: Clements Golden Phoenix
Enterprises, Inc.
3. IRS or SSN of Reporting Person (Voluntary):
4. Statement for Month/Year October, 2000
5. If Amendment, Date of Original:
6. Relation of Reporting Person to Issuer X Director
_ 10% owner
X Officer (Title): Secretary
_ Other (Specify)
X Filed by One Reporting Person.
_ Filed by more than One Reporting Person.
TABLE I - NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
1. Title of Security: Common Stock Promissory Note
2. Transaction Date: September 28, 2000
3. Transaction Code
4. Securities Acquired (A) or A
Disposed (D): Amount:
A or D:
Price: $50,000
5. Amount of Securities
Beneficially owned at end
of Month: 1,000,000(1) $50,000
6. Ownership Form: D D
Direct (D) or Indirect (I):
7. Nature of Indirect
Beneficial Ownership:
*If the form is filed by more than one Reporting Person, see instruction 5(b)(v)
Reminder: Report on a separate Line for each class of securities beneficially
owned directly or indirectly.
(1) This amount reflects two (2) forward splits on September 1, 2000 and October
10, 2000.
<PAGE>
FORM 4 (continued)
TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED
1. Title of Derivative Security: N/A
2. Conversion or Exercise Price of Derivative Security:
3. Transaction Date (M/D/Y):
4. Transaction Code:
V:
5. Number of Derivative Securities Acquired (A) or Disposed of (D):
6. Date Exercisable:
Expiration Date:
7. Title of Underlying Securities:
Amount or number of Shares:
8. Price of Derivative Security:
9. Number of Derivative Securities Beneficially Owned at end of Month:
10. Ownership of Derivative Securities;
(D) Direct or (I) Indirect:
11. Nature of Indirect Beneficial Ownership:
EXPLANATION OF RESPONSES:
/s/ Bonnie K. Ludlum Date: October 7, 2000
---------------------------------------
Bonnie K. Ludlum
**Signature of Reporting Person
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See Sections 18 U.S.C. 1001, 15 U.S.C. 78ff(a).
