SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 11)
Alterman Investment Fund, Inc.
(Name of Issuer)
Common Stock, $2.50 Par Value
(Title and class of securities)
021447 10 7
(CUSIP Number)
Check the following box if a fee is being paid with this statement:
(1) Names of Reporting Persons
S.S. or I.R.S. Identification Nos.
of Above Persons
Sam P. Alterman
(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 Shares (5) Sole Voting Power 17,792
Beneficially Owned
by Each Reporting (6) Shared Voting Power 111,292*
Person With
(7) Sole Dispositive Power 17,792
(8) Shared Dispositive Power 111,292*
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
129,084 shares*
(10) Check if Aggregate Amount in Row (9) Excludes Certain Shares
(11) Percent of Class Represented by Amount in Row 9
16.4%
(12) Type of Reporting Person
IN
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* Includes 1890 shares held by his wife. Mr. Alterman disclaims
beneficial ownership of these shares. Includes 40,000 shares held by
Sam P. Alterman Family Foundation, Inc., a non-profit corporation of
which Sam P. Alterman and his wife are two of five trustees. Includes
69,402 shares held by Alterman Real Estate, Ltd., a Georgia limited
partnership, of which Sam P. Alterman and his son are the sole general
partners and his wife is the sole limited partner.
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Item 1(a) Name of Issuer:
Alterman Investment Fund, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
1218 West Paces Ferry Road, Suite 104
Atlanta, GA 30327
Item 2(a). Name of Person Filing:
See Item (1) of cover pages
Item 2(b). Address of Principal Business Office, or if none, residence:
1218 West Paces Ferry Road, Suite 104
Atlanta, GA 30327
Item 2(c). Citizenship:
See Item (4) of cover pages
Item 2(d). Title of Class of Securities:
Common Stock, $2.50 par value
Item 2(e). CUSIP Number:
021447 10 7
Item 3. Nature of person filing:
Not applicable
Item 4. Ownership:
(a) Amount Beneficially Owned:
See Item (9) of cover pages
(b) Percent of Class:
See Item (11) of cover pages
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
See Item (5) of cover pages
(ii) Shared power to vote or to direct the vote:
See item (6) of cover pages
(iii)sole power to dispose or to direct the disposition
of:
See Item (7) of cover pages
(iv) shared power to dispose or to direct the
disposition of:
See Item (8) of cover pages
Item 5. Ownership of Five Percent or Less of Class
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following.
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 Company:
Not applicable
Item 8. Identification and Classification of Members of the Group:
Not applicable
Item 9. Notice of Dissolution of Group:
Not applicable
Item 10. Certification:
Not applicable
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Signatures:
After reasonable inquiry, the undersigned hereby certifies that to the
best of his knowledge and belief the information set forth in this statement
is true, complete and correct.
Sam P. Alterman
_______________ February 9, 1996
Sam P. Alterman Date
