U.S. SECURITIES & EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Continental Information Systems Corporation
(Name of Issuer)
Common Stock
(Title of Class Securities)
211497102
(CSUIP Number)
Frederick J. Jaindl
Jaindl Farms
Atten. Mark W. Jaindl
3150 Coffeetown Road, Orefield, PA 18069
(610) 395-3333
(Name, Address and Telephone Number
of Person Authorized to Receive
Notices and Communications)
August 5, 1997
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on
Schedule 13D to report the acquisition which is the subject of
this Schedule 13D, and is filing this schedule because of Rule
13d -1(b) (3) or (4) , check the following box ( ).
Check the following box if a fee is being paid with this
statement ( ). (A fee is not required only if the reporting
person: (1) has a previous statement on file reporting
beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of less of
less than five percent of such class. See Rule 13d-7.)
The information required on the remainder of this cover page
shall not be deemed to "file" for the purpose of Section 18 of
the Securities Exchange Act of 1934 (Act") or otherwise subject
to the liabilities of that section of the Act but shall be
subject to all other provisions of the Act.
Cusip No. 211497102
1) Names of Persons S.S. or I.R.S. Identification Nos. of
Above Persons:
Frederick John Jaindl - SSN ###-##-####
_________________________________________________________________
____________
2) Check the Appropriate Box if a Member of a Group
(See Instruction): __________
(a)_______
(b) X
_________________________________________________________________
____________
3) SEC Use Only________________________________________________
_________________________________________________________________
____________
4) Source of Funds (See Instructions): 00
_________________________________________________________________
____________
5) Check if Disclosure of Legal Proceedings is Required
Pursuant to items 2 (d) or (e): N/A
_________________________________________________________________
____________
6) Citizenship or Place of Organization: U.S.
_________________________________________________________________
____________
Number of 7) Sole Voting Power: 419,934
Share Bene-
________________________________________________________________
ficially
Owned by 8) Shared Voting Power N/ A
Each
Report- _________________________________________________________
_______
ing Person 9) Sole Dispositive Power: 419,934
With_____________________________________________________________
___________
10) Shared Dispositive Power N/A
_________________________________________________________________
___________
11) Aggregate Amount Beneficially Owned by Each Reporting
Person: 419,934 shares
_________________________________________________________________
___________
12) Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) N/A
_________________________________________________________________
____________
13) Percent of Class Represented by Amount in Row (11)
5.99%
_________________________________________________________________
____________
14) Type of Reporting Person (See Instructions): IN
_________________________________________________________________
____________
Item 1. Security and Issuer.
This Schedule 13D filing relates to the common stock, $.01 par
value, of Continental Information Systems Corporation, having
its principal business offices at One Northern Concourse, P.O.
Box 4785, Syracuse, NY 13221-4785 (the "Company")
Item 2 . Identity and Background
(a) This statement is being filed by Frederick J.
Jaindl.
(b) His principal business address is Jaindl Farms, 3150
Coffeetown Road, Orefield, PA 18069.
(c) Mr. Jaindl's present principal occupation is as the sole
proprietor of Jaindl Farms and the principal shareholder and
chief executive officer of Jaindl's Inc. Both of these
businesses have their principal offices at 3150 Coffeetown Road,
Orefield, PA 18069.
(d) None.
(e) None.
(f) Mr. Jaindl is a U.S. citizen
Item 3. Source and Amount of Funds or Other Consideration.
Mr. Jaindl has business interests ranging from turkey farming
to real estate development. In the regular course of these
businesses, he borrows funds from various lenders to finance
their daily operations. Since most of these businesses are
structured as sole proprietorships and corporations controlled
by Mr. Jaindl, he typically reinvests back into his operations
most of the net profits generated by these entities or by any
personal investments he routinely makes. From time to time he
recovers the equity invested in his businesses either by
taking distributions from current profits or by financing
assets held by one of his business entities, thereby allowing
him to realize a portion of the equity accumulated in those
assets without having to sell them. The personal funds he has
used and may use in the future to purchase shares of common
stock of the Company have been generated from the equity and
profits he accumulates in his various businesses as described
above.
Mr. Jaindl has in the past borrowed funds to purchase
investments or to finance his other business interest's. Mr.
Jaindl may in the future borrow funds to purchase additional
shares of the Company's common stock or to finance his other
business interests, which loans may be secured by pledges of
the Company's common stock.
- -3-
Item 4. Purpose of Transaction.
Mr. Jaindl has purchased these shares for investment purposes
and has no current plans which would result in any actions
enumerated in the Schedule 13d instructions for this Item 4.
However, Mr. Jaindl may acquire additional shares of the Company
common stock if attractive investment opportunities become
available in the future.
Item 5. Interest in Securities of the Issuer.
(a) Mr. Jaindl owns 419,934 shares of common stock of the
Company. These shares constitute 5.99% of the 7,014,040 shares
of Company common stock outstanding as of March 31, 1997.
(b) Mr. Jaindl has the sole voting and dispositive power of
the 419,934 shares of common stock he holds.
(c) The following transactions were effected by or on behalf
of Mr. Jaindl during the past sixty days:
Date Purchased No. of Shares Price Transaction
06/30/97 40,350 $2.25 Open Market
07/02/97 4,217 $2.25 Open Market
07/07/97 1,204 $2.31 Open Market
07/14/97 5,000 $2.50 Open Market
07/15/97 2,000 $2.44 Open Market
07/18/97 3,000 $2.44 Open Market
07/25/97 12,600 $2.19 Open Market
07/28/97 5,500 $2.25 Open Market
07/29/97 3,700 $2.31 Open Market
07/31/97 1,100 $2.31 Open Market
08/05/97 85,000 $2.35 Open Market
(d) Not applicable
(e) Not applicable
Item 6. Contracts, Arrangements, Understandings or
Relationships With
Respect to Securities of the Issuer.
Not applicable.
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.
August 6, 1997
________________________________________
Signature
Mark W. Jaindl
Jaindl Farms
