UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Fortune Natural Resources Corporation
_____________________________________________________________________________
(Name of Issuer)
Common Stock
_____________________________________________________________________________
(Title of Class of Securities)
349681106
__________________________
(CUSIP Number)
13G
CUSIP No. 349681106
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1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO.
Renaissance US Growth and Income Trust PLC None
_____________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
_____________________________________________________________________________
3. SEC USE ONLY
_____________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
England
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
_____________________________________________________________________________
5. SOLE VOTING POWER
1,522,394 shares
_____________________________________________________________________________
6. SHARED VOTING POWER
None
_____________________________________________________________________________
7. SOLE DISPOSITIVE POWER
1,522,394 shares
_____________________________________________________________________________
8. SHARED DISPOSITIVE POWER
None
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,522,394 shares
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not applicable
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.08%
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12. TYPE OF REPORTING PERSON
IV
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ITEM 1.
(a) Name of Issuer.
Fortune Natural Resources Corporation ("Company")
(b) Address of Issuer's principal Executive Offices
515 West Greens Road, Suite 720
Houston, TX 77067
ITEM 2.
(a) Name of Person Filing
Renaissance US Growth and Income Trust PLC ("Filer")
(b Address of principal Business Office or, if none, Residence
8080 North Central Expwy., Suite 210, LB 59
Dallas, TX 75206-1857
(c) Citizenship
England
(d) Title of Class of Securities
Common Stock
(e) CUSIP Number
None
ITEM 3. If this statement is filed pursuant to Rule 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
(e) ______ Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f) ______ Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974
or Endowment Fund; see section 240.13d-1(b)(1)(ii)(F)
(g) ______ Parent Holding Company, in accordance with section 240.13d-1(b)
(ii)(G)(Note: See Item 7)
(h) ______ Group, in accordance with section 240.13d-1(b)(1)(ii)(H)
ITEM 4. Ownership.
(a) Amount Beneficially Owned:
At December 31, 1998, Renaissance US Growth & Income Trust PLC owned a
$350,000 12% Convertible Subordinated Promissory Note due December 31,
2007, convertible at $3.00 per share. On May 1, 1999, the conversion
price was reset on this promissory note to $0.3297 per share. On
February 1, 2000, the $350,000 12% Convertible Subordinated Promissory
Note was converted into 1,061,728 shares of the Company's common stock
and 60,666 shares of the Company's common stock were received for
interest payments. On February 14, 2000, the Fund purchased 200,000
shares of the Company's common stock at $0.75 per share and received
warrants to purchase 100,000 shares of the Company's common stock at a
purchase price of $1.50 expiring on March 1, 2003 and warrants to
purchase 100,000 shares of the Company's common stock at a purchase
price of $2.25 expiring on March 1, 2003. Thus the Filer owns
1,522,394 shares of the Company's common stock on a fully converted
basis. The Investment Manager is Renaissance Capital Group, Inc.,
which is also Investment Advisor for Renaissance Capital Growth &
Income Fund III, Inc. Renaissance Capital Growth & Income Fund III,
Inc. also owns securities of Fortune Natural Resources Corporation.
(b) Percent of Class 10.08%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 1,522,394 shares
(ii) shared power to vote or to direct the vote: None
(iii) sole power to dispose or to direct the disposition of:
1,522,394 shares
(iv) shared power to dispose or to direct the disposition of: None
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 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 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.
ITEM 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary
course of business and were not acquired 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 in connection with or as a
participant in any transaction having such purposes or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true,
complete and correct.
Date: March 6, 2000 /S/
___________________________________________________
Signature
Renaissance US Growth and Income Trust PLC by
Renaissance Capital Group, Inc., Investment Manager
Russell Cleveland, President
___________________________________________________
Name and Title
