UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16. Form 4 or
Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person:
Peter H. Foley
915 Lake Louise Marie Road
Rockhill, New York 12775
U.S.A.
2. Issuer Name and Ticker or Trading Symbol:
American Country Holdings Inc.
ACHI
3. IRS or Social Security Number of Reporting Person (Voluntary):
###-##-####
4. Statement for Month/Year:
March 1998
5. If Amendment, Date of Original (Month/Year):
6. Relationship of Reporting Person(s) to Issuer (Check all
applicable):
(x) Director ( ) 10% Owner ( ) Officer (give title below) ( )
Other (specify below)
7. Individual or Joint/Group Filing (Check Applicable Line):
(x) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<PAGE> 2
Table I -- Non-Derivative Securities Acquired,
Disposed of, or Beneficially Owned
<TABLE>
<CAPTION>
5. Amount of
Securities
Beneficially 6. Owner-
2. Owned at End ship Form: 7. Nature of
Transaction 4. Securities of Month Direct (D) Indirect
1. Title of Date 3. Transaction or Acquired (A) or or Indirect Beneficial
Security (Month / Code Disposed of (D) (Instr. 3 (I) Ownership
(Instr. 3) Day/Year) (Instr. 8) (Instr. 3, 4 and 5) and 4) (Instr. 4) (Instr. 4)
Code V Amount (A)or(D) Price
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock, 3/4/98 P 1500 A $2.375 1500 D
$.01 par value
</TABLE>
Table II -- Derivative Securities Acquired,
Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
5. Number 9. Number 10. Owner-
of Deriv- of ship Form
2. ative Se- Derivative of Deriva-
1. Conver- 3. curities Securities tive
Title sion Trans- Acquired 6. Date Exer- 7. Title and 8. Price Benefi- Security:
of or Exer- action (A) or cisable and Amount of of cially Direct (D) 11. Nature
Deriva- cise Date 4. Trans- Disposed Expiration Underlying Deriva- Owned at or of Indirect
tive Price of (Month/ action of (D) Date Securities tive End of Indirect Beneficial
Security Derivative Day/ Code (Instr. 3, (Month/ Day/ (Instr. 3 and Security Month (I) Ownership
(Instr. 3) Security Year) (Instr. 8) 4 and 5) Year) 4) (Instr. 5) (Instr. 4) (Instr. 4) (Instr. 4)
Code V (A) (D) Date Expir- Title Amount or
Exer- ation Number of
cisable Date Shares
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
</TABLE>
Explanation of Responses:
SIGNATURE OF REPORTING PERSON:
/s/ Peter H. Foley
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