<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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AMENDMENT NO. 1 TO SCHEDULE 13D
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
REXX ENVIRONMENTAL CORPORATION
(Formerly known as Oak Hill Sportswear Corporation)
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(Name of Issuer
COMMON STOCK
-----------------------------
(Title of Class of Securities)
76168 W10 7
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(CUSIP Number)
Greg. S. Watkins
c/o Watkins Contracting, Inc.
5490 Complex Street, Suite 603
San Diego, CA 92123
(619) 279-7516
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
DECEMBER 14, 1998
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-l(b)(3) or (4), check the following box |_| .
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_______________________________________________________________________________
CUSIP No. 76168W107 Page 2 of 4
_______________________________________________________________________________
1 NAME OF REPORTING PERSON
Greg S. Watkins
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
###-##-####
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS
00
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 100,000
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | 0
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | 100,000
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | 0
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100,000
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.05%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON
IN
______________________________________________________________________________
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_______________________________________________________________________________
CUSIP No. 7616SWI07 Page 3 of 4 pages
_______________________________________________________________________________
STATEMENT FOR AMENDMENT NO. 1 TO SCHEDULE 13D
The Reporting Person herewith amends Item 5 of his Schedule 13D dated October
30, 1997 to read as follows:
Item 5. Interest in Securities of the Issuer.
(a) The Reporting Person beneficially owns 100,000 shares of the common
stock of the Issuer, 4.05% of its outstanding shares. (Said percentage is based
upon 2,467,576 shares of common stock of the Issuer outstanding as of September
30, 1998.)
(b) The Reporting Person has sole voting and dispositive power over the
Shares he beneficially owns.
(c) In the past sixty days, the Reporting Person has engaged in the
following transaction in the Issuer's common stock:
<TABLE>
<CAPTION>
Deposition (D)/
Date Acquisition (A) No. of Nature of
- ---- --------------- Shares Transaction
------ -----------
<S> <C> <C> <C>
December 14, 1998 D 100,000 Transfer,
shares of without payment,
common to the Tari M.
stock. Watkins
Revocable Trust,
UDT dated March
27, 1998
</TABLE>
(d) No person other than the Reporting Person is known to have the
right to receive, or the power to direct the receipt of dividends from, or to
the proceeds from, the sale of the 100,000 shares of the common stock of the
Issuer referred to in Item 5(a) above.
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_______________________________________________________________________________
CUSIP No. 76169WI07 Page 4 of 4 pages
_______________________________________________________________________________
(e) Not applicable.
SIGNATURES
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.
/s/ GREG S. WATKINS
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Dated: January 15, 1999 GREG S. WATKINS
