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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
McM CORPORATION
(Name of Issuer)
COMMON STOCK
(Title of class of securities)
552674103
(CUSIP NUMBER)
Jesse Greenfield I.R.A.
34 Boulder View Lane
Boulder, Colorado 80304
(303) 444-8882
(Name, address and telephone number of person authorized to
receive notices and communications)
October 1, 1998
(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-1(b)(3) or (4),
check the following box [ ].
Check the following box if a fee is being paid with
this statement [ ].
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1. Name of reporting persons
S.S. or I.R.S. Identification Nos. of above persons
Jesse Greenfield I.R.A. (51-0099493)
2. Check the appropriate box if member of a group
N/A
3. SEC use only
4. Source of funds
N/A - disposition only
5. Check box if disclosure of legal proceedings is required pursuant to
items 2(d) or 2(e) [ ]
6. Citizenship or place of organization
USA
7. Sole voting power
Number of -0-
Shares
Beneficially 8. Shared voting power
Owned by
Each -0-
Reporting
Person 9. Sole dispositive power
With
-0-
10. Shared dispositive power
-0-
11. Aggregate amount beneficially owned by each reporting person
-0-
12. Check box if the aggregate amount in row (11) excludes certain shares
[ ]
13. Percent of class represented by amount in row 11
0.0%
14. Type of reporting person
EP (Individual Retirement Account)
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Amendment No. 2 amends and supplements the Statement on Schedule 13D
filed on July 25, 1995, as amended September 30, 1998, by Jesse Greenfield
I.R.A. with respect to the common stock of McM Corporation. The purpose of this
amendment is to report that Mr. Greenfield has caused Jesse Greenfield I.R.A. to
tender its shares in response to the tender offer made by IAT Reinsurance
Syndicate Ltd. ("IAT") on July 23, 1998 (the "Tender Offer"), and that such
shares were accepted by IAT for payment on October 1, 1998.
Item 5 Interest in Securities of the Issuer.
The response to Item 5 is amended to add the following:
On October 1, 1998, Jesse Greenfield and Jesse Greenfield I.R.A. ceased
to be the beneficial owner of any shares of common stock of McM Corporation.
Item 6 Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
The response to Item 6 is amended to add the following:
Pursuant to the terms of the Tender Agreement, Jesse Greenfield caused
Jesse Greenfield I.R.A. to tender all its shares of McM common stock in response
to the Tender Offer. Mr. Greenfield also requested that the Greenfield
Children's Limited Partnership, once owner of 118,455 shares (or 2.52%) of McM
Common Stock, the general partner of which is Mr. Greenfield's brother and the
limited partners of which are Mr. Greenfield's children, tender all of its McM
shares pursuant to the Tender offer, which it did. Mr. Greenfield disclaimed
beneficial ownership of the shares held by the Greenfield Children's Limited
Partnership.
Item 7 Material to be filed as exhibits.
N/A
SIGNATURE
After reasonable inquiry and to the best of his knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: November 13, 1998 Jesse Greenfield I.R.A.
By: /s/ Jesse Greenfield
