<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
DENAmerica Corp.
----------------
Name of Issuer
Common Stock, $.10 par value per share Class A
----------------------------------------------
(Title of Class of Securities)
248225-10-4
-----------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ]
Page 1 of 8 Pages
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CUSIP NO. 248225-10-4 Page 2 of 8 Pages
- --------------------------------------------------------------------------------
1) Names of Reporting Persons BankBoston Corporation
S.S. or I.R.S. Identification (04-2471221)
No. of Above Persons
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
if a Member of a Group (b)
(See Instructions)
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of
Organization Holding Company-Massachusetts
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 2,124,352
Beneficially (6) Share Voting Power
Owned by Each (7) Sole Dispositive
Reporting Person Power 2,124,352
With (8) Shared Dispositive
Power 0
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 2,124,352
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount
In Row (9) Excludes Certain
Shares (See Instructions)
________________________________________________________________________________
11) Percent of Class Represented
by Amount in Row 9 15.8%
- --------------------------------------------------------------------------------
12) Type of Reporting Person
(See Instructions) HC
<PAGE>
CUSIP NO. 248225-10-4 Page 3 of 8 Pages
- --------------------------------------------------------------------------------
1) Names of Reporting Persons BancBoston Ventures Inc.
S.S. or I.R.S. Identification (04-6013165)
No. of Above Persons
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
if a Member of a Group (b)
(See Instructions)
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of
Organization Massachusetts
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 2,124,352
Beneficially (6) Share Voting Power 0
Owned by Each (7) Sole Dispositive
Reporting Person Power 2,124,352
With (8) Shared Dispositive
Power 0
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person 2,124,352
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount
In Row (9) Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 15.8%
- --------------------------------------------------------------------------------
12) Type of Reporting Person
(See Instructions) IV
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Page 4 of 8 Pages
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G UNDER THE SECURITIES
EXCHANGE ACT OF 1934
Item 1.
(a) Name of Issuer: DENAmerica Corp.
--------------
(b) Address of Issuer's 7373 N. Scottsdale
------------------- Suite D-120
Principal Executive Scottsdale, AZ 85253
-------------------
Office:
------
Item 2.
(a) Name of Person BankBoston Corporation on its
-------------- own behalf as indirect owner
Filing: and on behalf of its
------ subsidiary, BancBoston Ventures
(b) Address of Principal 100 Federal Street
-------------------- Boston, Massachusetts 02110
Business Office or, if
----------------------
none, Residence:
---------------
(c) Citizenship: Holding Company - Massachusetts
----------- Investment Company -
Massachusetts
(d) Title Class of
--------------
Securities: Common, $.10 Par Value Class A
----------
(e) CUSIP Number: 248225-10-4
------------
Item 3.
This statement is filed pursuant to Rule 13d-1(b). The persons filing
are a parent holding company, in accordance with Reg. section 240.13d-
1(b)(ii)(G), and a bank, in accordance with Reg. section 240.13d-
1(b)(ii)(B) of the Securities Exchange Act of 1934.
Item 4. Ownership:
---------
(a) Amount Beneficially
-------------------
Owned: See Item 9, Cover Page
-----
(b) Percent of Class: See Item 11, Cover Page
----------------
(c) Number of Shares as to Which
----------------------------
Such Person Has
---------------
(i) Sole Power to Vote or to Direct the vote
(ii) Shared Power to Vote or to Direct the vote
(iii) Sole Power to Dispose or Direct the Disposition of:
(iv) Shared Power to Dispose to or Direct the Disposition of:
For (c), see Item 5-8, Cover Page
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Page 5 of 8 Pages
Item 5. Ownership of Five Percent or less of a Class.
--------------------------------------------
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be 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 has Acquired
----------------------------------------------------------------------
the Security Being Reported on by the Parent Holding Company:
------------------------------------------------------------
Investment company as defined in Section 3(a)(6) of the Securities
Exchange Act of 1934.
Item 8. Identification and Classification of Member of the Group.
--------------------------------------------------------
Not Applicable.
Item 10. CERTIFICATION:
-------------
See Exhibit A
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired and are held in the ordinary
course of business and were not acquired and are not held for the purpose of
or with 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 a participant in any transaction having such purpose or effect.
.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, completed
and correct.
Date: February 16, 1999
BankBoston Corporation
By:
-----------------------
Name: Robert T. Jefferson
----------------------------
Print
Title: Comptroller
-----------
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Page 6 of 8 Pages
BancBoston Ventures Inc.
By:
---------------------------
Name: Rosemary A. Gallagher
------------------------------
Print:
Title: Chief Financial Officer, BancBoston Ventures Inc.
-------------------------------------------------
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Page 7 of 8 Pages
EXHIBIT A
---------
AGREEMENT
The undersigned hereby agree, pursuant to Section 240.13d-1(f)(1) that
BankBoston Corporation may file a Schedule 13G pursuant to Rule 13d-1 under the
Securities Exchange Act of 1934, and all amendments to such Schedule, with
respect to shares of DENAmerica Corp. Common Stock, $.10 Par Value Class A, on
behalf of itself and BancBoston Ventures.
Dated: February 16, 1999
BankBoston Corporation
By:___________________________
Robert T. Jefferson
Comptroller
<PAGE>
Page 8 of 8 Pages
BancBoston Ventures Inc.
By:
----------------------------
Name: Rosemary A. Gallagher
----------------------------------------
Print:
Title: Chief Financial Officer, BancBoston Ventures Inc.
-------------------------------------------------
INCUMBENCY CERTIFICATE OF AUTHORIZED REPRESENTATIVE
I, the undersigned, Timothy A. Gerhold, Assistant Clerk of BancBoston
Ventures, Inc. do hereby certify that Rosemary A. Gallagher is a duly elected
Chief Financial Officer of BancBoston Ventures Inc., and also has the power and
authority to sign the attached Statements on Schedule 13G in the name and on
behalf of BancBoston Ventures Inc.
In witness whereof, I have set my hand and seal of BancBoston Ventures Inc.
this ___th day of February, 1999.
By:
--------------------------
Name: Timothy A. Gerhold
Title: Assistant Clerk
