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FORM 3 U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or Section
30(f) of the Investment Company Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person* 2. Date of Event Re- 4. Issuer Name AND Ticker or Trading Symbol
quiring Statement
General Electric Capital Corporation* (Month/Day/Year) Krause's Furniture, Inc. (SOFA)
(Last) (First) (Middle) 8/26/96 5. Relationship of Reporting Person to Issuer 6. If Amendment,
(Check all applicable) Date of Original
Director X 10% Owner (Month/Day/Year)
260 Long Ridge Road 3. IRS or Social Se- ----- -----
curity Number of Officer (give Other (specify 7. Individual or Joint/
(Street) Reporting Person ----- title ----- below) Group Filing (check
(Voluntary) below) Applicable Lines)
Stamford CT 06927 X Form Filed by One
--- Reporting Person
(City) (State) (Zip) ---------------------------------- Form Filed by More
--- than One Reporting
Person
Table I - Non-Derivative Securities Beneficially Owned
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1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect Beneficial
(Instr. 4) Beneficially Owned Direct (D) or Ownership (Instr. 5)
(Instr. 4) Indirect (I)
(Instr. 5)
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Common Stock, $.001 par value 5,000,000 (D)
* The Reporting Person is a wholly owned
subsidiary of General Electric Capital
Services, Inc. ("GECS") and an indirect
wholly owned subsidiary of General Electric
Company ("GE"). Each of GECS and GE
disclaims beneficial ownership of the
securities held by the Reporting Person.
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the form is filed by more than one reporting person, see Instructions 5(b)(v) SEC 1473 (7-96)
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FORM 3 (CONTINUED) TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative 2. Date Exercisable and Expiration 3. Title and Amount of 4. Conver- 5. Owner-ship 6. Nature of
Security Date (Month/Day/Year) Securities Underlying sion or Form of Indirect
(Instr. 4) Derivative Security Exercise Deri-vative Beneficial
(Instr. 4) Price of Security: Ownership
Deri- Direct (D) or (Instr. 5)
vative Indirect (I)
Date Exer- Expiration Date Title Amount or Security (Instr. 5)
cisable Number of
Shares
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Warrant 8/26/96 8/31/06 Common 1,400,000 $.001 (D)
Stock,
$.001 par
value
Explanation of Responses:
/s/ Joan C. Amble, Vice President and Controller September 9, 1996
** Intentional misstatements or omissions of facts ------------------------------------------------- -----------------
constitute Federal Criminal Violations. **Signature of Reporting Person Date
See 18 U.S.C. 1001 and 15. U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, Page 2
See Instruction 6 for procedure. SEC 1473 (7-96)
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