UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
----------------
SCHEDULE 13-D
Under the Securities Exchange Act of 1934
CONTINENTAL INVESTMENT CORPORATION
(Name of Issuer)
Common Stock, Par Value $0.50 Per Share
(Title of Class of Securities)
211-515-10-1
(CUSIP Number)
James T. Sawyer, Jr.
Crescent Capital, Inc.
8120 Bay Pine Avenue
Las Vegas, NV 89128
(702) 254-5415
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 1, 1996
(Date of event Which Requires
Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13-G to
report the acquisition which is the subject of this Schedule 13-D, and is
filing this Schedule because of Rule 13d-1 (b) or (4), check the following
box. [ ]
Check the following box if a fee is being paid with this statement. [ ]
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CUSIP NO. 211-515-10-1
(1) Name of Reporting Persons Crescent
S.S. or I.R.S. Identification Capital, Inc.
No. of Above Person EIN #75-2614407
(2) Check the Appropriate Box if (a)
a Member of a Group (b)
(3) SEC Use Only
(4) Source of Funds OO
(5) Check if Disclosure of Legal
Proceedings is Required
Pursuant to Items 2(d) or 3(e)
(6) Citizen or Place of
Organization State of Nevada
(7) Sole Voting
Power 975,000
(8) Shared Voting
Power
(9) Sole Dispositive
Power 975,000
(10) Shared Dispositive
Power
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 975,000
(12) Check if the Aggregate Amount
in Row (11) Excludes Certain
Shares
(13) Percent of Class Represented
by Amount in Row (11) 6.8%
(14) Type of Reporting Persons CO
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Item 1. Security and Issuer
This statement on Schedule 13-D (the "Statement") relates to
shares of the common stock, $0.50 per value per share (the "Shares"), of
Continental Investment Corporation, a Georgia corporation (the
"Company"), whose principal executive offices are located at 10254
Miller Road, Dallas, Texas 75238.
Item 2. Identity and Background
(a) This Statement is filed by Crescent Capital, Inc., a corporation
organized under the laws of Nevada. The foregoing person is
hereinafter sometimes referred to as the Reporting Person.
(b) and (c)
The principal business address of Crescent Capital, Inc. is 8120
Bay Pine Avenue, Las Vegas, Nevada 89128. The principal business of
Crescent Capital, Inc. is securities and real estate investment
and trading in real estate.
(d) The Reporting Person, during the last five years, has not
been convicted in a criminal proceeding (excluding traffic violations
and similar misdemeanors).
(e) The Reporting Person, during the last five years, has not
been a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction and as a result of such proceedings was
or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation with respect
to such laws.
(f) Crescent Capital, Inc. is organized under the laws of the
State of Nevada.
Item 3. Source and Amount of Funds or Other Consideration
The purchase of the Company's Common Stock was made with the trade
of an asset (land) of Crescent Capital, Inc.
Item 4. Purpose of the Transaction
The Company's Common Stock was purchased by Crescent Capital, Inc.
for investment purposes.
Item 5. Interest in the Securities of the Issuer
(a) and (b)
Crescent Capital, Inc. is the record owner of 375,000 shares
of the Company's Common Stock and beneficial owner of options totaling
600,000 shares of the Company's Common Stock, which totals 6.8% of
the outstanding Common Stock. Mr. James T. Sawyer, Jr., President,
has the power to direct the vote or disposition of those shares.
<PAGE>
(c) None
(d) None
(e) None
Item 6. Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer
None
Item 7. Materials to be Filed as Exhibits
None
SIGNATURE
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.
CRESCENT CAPITAL, INC.
By: /S/ James T. Sawyer
James T. Sawyer, Jr. - President
Dated: August 14, 1996
