FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 2054
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
1. Name and Address of Reporting Person The Calvo Family Spendthrift Trust,
1941 Southeast 51st Terrace; Ocala, Florida 34471
2. Issuer Name and Ticker or Trading Symbol Equity Growth
Systems, inc.
3. IRS or Social Security Number or Reporting Person (Voluntary)
59-6849665
4. Statement for Month/Year January, 1999
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer
(check all applicable)
__ Director __ 10% Owner
__ Officer X Other (Specify Below)
_________________________________
7. Individual or Joint/Group Reporting
(Check applicable line)
X Form filed by One Reporting Person
__ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instruction 4) Common Stock
2. Amount of Securities Beneficially Owned (Instruction 4) 517,500 shares
3. Ownership Form: Direct (D) or Indirect (I) (Instruction 5) Direct
4. Nature of Indirect Beneficial Ownership (Instruction 5) Not
Applicable
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Table II - Derivative Securities Beneficially Owned
1. Title of Derivative Security (Instruction 4)
2. Date Exercisable and Expiration Date
Exercisable Expiration
Date Date
3. Title and Amount of Securities Underlying Derivative Security (Instruction
4)
Title Amount or Number of Shares
4. Conversion of Exercise Price of Derivative Security
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instruction 5)
6. Nature of Indirect Beneficial Ownership (Instruction 5)
Explanation of Responses: A beneficiary of The Calvo Family Spendthrift Trust
is a principal of the Yankee Companies, Inc., a Florida corporation which owns
an additional 485,000 shares.
/s/ Cyndi N. Calvo as Trustee February 10, 1999
____________________________________________________
/s/Cyndi N. Calvo as Trustee Date
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
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 provided is insufficient, See instruction 6 for procedure.
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays a
currently valid OMB number.
