FORM 4 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
1. Name and Address of Reporting Person
WETTREICH DANIEL
(Last) (First) (Middle)
2415 Midway Road, Ste. 121
(Street)
Carrollton TX 75006
City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CAMELOT CORPORATION CAML
3. IRS or Social Security
Number of Reporting
Person (Voluntary)
4. Statement for
Month/Year
5/98
5. If Amendment,
Date of Original
(Month/Year)
6. Relationship of Reporting Person to Issuer (Check all
applicable)
___x__Director _____10% Owner
_____Officer (give _____Other (specify
title below)
below)
Could be deemed to be part of a group
________________________
Table 1 - New-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
1. Title of Security (Instr. 3)
Common Stock
2. Transaction Date (Month/Day/ Year)
3. Transaction Code (Instr. 8)
4. Securities Acquired (A) or Disposed of (D) (Instr. 3,4
and 5)
5. Amount of Securities Beneficially Owned at End of
Month (Instr. 3 and 4)
11,250 (D)
141,326 (I)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
11,250 (D)
141,326 (I)
7. Nature of Indirect Beneficial Ownership (Instr. 4)
See note
Table II - Derivative Securities Acquired, Disposed of, or
Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
1. Title of Derivative Security (Instr. 3)
Options
2. Conversion or Exercise Price of Derivative Security
3. Transaction Date (Month/ Day/ Year)
4. Transaction Code (Instr. 8)
5. Number of Derivative Securities Acquired (A) or
Disposed of (D) (Instr. 3,4, and 5)
6. Date Exercisable and Expiration Date (Month/Day/Year)
7. Title and Amount of Underlying Securities (Instr. 3 and
4)
Title Amount or
Number of Shares
Common Shares 300,000
8. Price of Derivative Security (Instr.5).
9. Number of Derivatve Securities Beneficially Owned at
End of Month (Instr. 4)
300,000 (D)
10. Ownership Form of Derivative Security: Direct (D) or
Indirect (I) (Instr. 4)
300,000 (D)
11. Nature of Indirect Beneficial Ownership (Instr. 4)
See note
Explanation of Responses: The reporting person is a Director
and CEO of the Issuer. The reporting person may be deemed
to be part of a group, though there is no agreement to act
as such. The reporting person owns 11,250 shares and
options to purchase 300,000 shares of the Issuer. The
reporting person is a Director of Meteor Technology, plc
("MT") which owns 80,960 common shares of the Issuer, and
Alexander Mark Capital, Ltd. ("AMC") which owns all the
outstanding shares of AM Investments, Ltd. ("AMI") which
owns 57,633 shares of the Issuer. The reporting person is
a Director of AMI and his wife and children own all the
outstanding shares of AMC and they own Alexander Mark
Securities, Ltd. ("AMS") which owns 2,733 common shares of
the Issuer. The reporting person disclaims any beneficial
ownership in any shares not owned directly by it. The
Registrant had a 1-40 reverse stock split adjusting the
outstanding options and common shares effective July 15,
1997.
By: /s/ Daniel Wettreich
Daniel Wettreich
