<PAGE> 1
---------------------------
OMB APPROVAL
---------------------------
OMB Number: 3235-0145
Expires: December 31, 1997
Estimated average burden
hours per response....14.90
---------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
INCOMNET
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON
- --------------------------------------------------------------------------------
(Title of Class of Securities)
453365207
- --------------------------------------------------------------------------------
(CUSIP Number)
John P Casey, 10220 River Rd, Ste 115, Potomac, MD 20854, 301-983-5000
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
3/31/98
- --------------------------------------------------------------------------------
(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 / /.
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*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
disclosures provided in a prior cover page.
The information required on 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 8 PAGES
<PAGE> 2
SCHEDULE 13D
CUSIP NO. 453365207 PAGE 2 OF 8 PAGES
---------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John P Casey SS# ###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Cash
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
779,000
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
79,200 (children's trust 1/3 voting trustee)
OWNED BY EACH -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
779,000
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
79,200 (children's trust 1/3 voting trustee)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
856,200
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.71%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
Individual PF
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 3
Item 1. Security and Issuer
This statement relates to the Common Stock of INCOMNET (the Issuer). JOHN
P. CASEY has purchased securities from April 5, 1995, through March 31, 1998,
from personal funds.
Item 2. Identity and Background
This statement is being filed by John P. Casey, an individual residing in
Potomac, Maryland, with a mailing address of 10220 River Road, Suite 115,
Potomac, Maryland, 20854.
Mr. Casey is an investment banker employed by Meridian Investments, Inc.
Mr. Casey is filing for his own account including his children's Trust and Roth
IRA's.
Item 3. Source and Amount of Funds
Mr. Casey and the children's Trust have invested approximately $1,931,207,
purchasing 856,200 shares of common stock. Mr. Casey et al own no preferred
stock of the issuer.
Item 4. Purpose of Transaction
Mr. Casey et al acquired the common stock as an investment. Mr. Casey
plans to request information from the issuer regarding a proposed sale of
assets, which he believes is not in the best interest of the issuer's
stockholders.
Mr. Casey reserves the right to determine in the future whether to change
the purpose, or purposes, described above.
Item 5. Interest in Securities of the Issuer
On March 31, 1998, Mr. Casey et al owned 856,200 shares of the Issuer or
approximately 5.71% of the Issuer's common stock.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
On April 3, 1998, Mr. Casey retained the law firm of Gartenberg, Jaffe,
Gelfand & Stein, LLP, of 11755 Wilshire Boulevard, Suite 1230, Los Angeles,
California, 90025, to prepare a demand letter to INCOMNET.
Item 7. Materials To Be Filed as Exhibits
None.
<PAGE> 4
PAGE 3 OF 8 PAGES
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, the undersigned certifies that the information set forth in the
Statement is true, correct and complete.
DATED: April 3, 1998
--------------------------
John P Casey
------------------------------
Name: John P Casey
Title: Individual PF
