SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.___________)*
Dominion Resources, Inc.
-----------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value
-------------------------------------------------------------
(Title of Class of Securities)
257469205
-----------------------------------------------------
(CUSIP Number)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[XX] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" 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 (however, see the
Notes).
Page 1 of 7 pages
<PAGE>
CUSIP No. 257469205 13G Page 2 of 7 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David Selengut
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 557,355
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 0
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 557,355
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
577,355
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.1%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
CUSIP No. 257469205 13G Page 3 of 7 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Venturetek, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 557,355
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
557,355
- ----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
557,355
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.1%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
Page 4 of 7 Pages
Item 1.
(a) Name of Issuer:
Dominion Resources, Inc.
(b) Address of Issuer's Principal Executive Offices:
355 Madison Avenue
Morristown, NJ 07960
Item 2.
(a) Name of Person Filing:
This statement is filed on behalf of David Selengut
("Selengut") and Venturetek, L.P. ("Venturetek") (together, the
"Reporting Parties"). See attached Exhibit A which is their
agreement to file this Schedule on behalf of each of them.
(b) Address of Principal Business Office or, if None, Residence:
The Reporting Parties' business address is 370 Lexington Ave.
New York, New York 10017.
(c) Citizen:
Venturetek is a Delaware partnership and Selengut is a
citizen of the United States.
(d) Title of Class of Securities:
Common Stock, $.01 par value ("shares").
(e) CUSIP#:
257469205
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the
Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19) of
the Act
(d) [ ] Investment Company registered under section 8 of the
Investment Company Act of 1940
(e) [ ] An investment adviser in accordance with 240.13d-1
(b)(1)(ii)(E)
(f) [ ] An employee benefit Plan or endowment fund in
accordance with 240.13d-1(b)(1)(ii)(F)
(g) [ ] A parent holding Company or control person in
accordance with 240.13d-1(b)(1)(ii)(G)
(h) [ ] A savings associations as defined in Section 3(b) of
the Federal Deposit Insurance Act
(i) [ ] A church plan that is excluded from definition of an
investment company under section 3(c)(14) of the
Investment Company Act of 1940.
<PAGE>
Page 5 of 7 Pages
Item 4. Ownership:
(a)(b) As of January 4, 1999, the Reporting Parties may be deemed to
beneficially own 557,355 shares or 7.1% of the Issuer's shares
owned directly by Venturetek (1).
(c) Selengut, as the general partner of Venturetek has sole
voting and dispositive control of shares owned by it.
Item 5. Ownership of Five Percent or Less of a Class:
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company:
Not applicable
Item 8. Identification and Classification of Members of the Group:
Not applicable.
Item 9. Notice of Dissolution of Group:
Not applicable.
_______________________________________________________________________________
(1) Not included are (i) 577,756 shares owned by another limited
partnership, some of whose limited partners are also limited partners of
Venturetek; (ii) an aggregate of 42,000 shares owned by Ruki Renov (a limited
partner of Venturetek) in a foundation; (iii) an aggregate of 42,950 shares
owned by Esti Stahler (a limited partner of Venturetek) in a foundation; (iv) an
aggregate of 113,767 owned by Rivki Rosenwald (a limited partner of Venturetek)
and ; (v) 49,420 shares held by Laya Perlysky (a limited partner of Venturetek).
<PAGE>
Page 6 of 7 Pages
Item 10. Certification: By signing below we certify that to the best of our
knowledge and belief, the securities referred to above were
acquired in the ordinary course of business and were not acquired
and are not held for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities
and were not acquired and are not held in connection with or as
participant in any transaction having such purpose of effect.
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of the
Reporting Persons, each such person or entity certifies that the information set
forth in this statement is true, complete and correct.
Venturetek, L.P.
/s/ David Selengut
Dated: January 9, 1999 By:________________________________
New York, New York David Selengut
General Partner
/s/ David Selengut
Dated: January 9, 1999 By:_________________________________
New York, New York David Selengut
Page 7 of 7 Pages
EXHIBIT A
AGREEMENT
JOINT FILING OF SCHEDULE 13G
The Undersigned hereby agree to jointly prepare and file with regulatory
authorities a Schedule 13G and any future amendments thereto reporting each of
the undersigned's ownership of securities of Dominion Resources, Inc. and hereby
affirm that such Schedule 13G is being filed on behalf of each of the
undersigned.
Venturetek, L.P.
/s/ David Selengut
Dated: January 9, 1999 By:________________________________
New York, New York David Selengut
General Partner
/s/ David Selengut
Dated: January 9, 1999 By:_________________________________
New York, New York David Selengut
