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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. )(1)
Arqule Inc
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Capital Stock
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(Title of Class of Securities)
04269E10
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(CUSIP Number)
(1)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 the disclosures provided in a prior cover page.
The information required in 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 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>
CUSIP No. 04269E10 13G Page 2 of 5 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSONS The Kaufmann Fund, Inc. TIN# 13-2605091
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION United States
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER 1,278,700
SHARES
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER N/A
OWNED BY
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER 1,278,700
REPORTING
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER N/A
WITH
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,278,700
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.47%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON* IV
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 04269E10 13G Page 3 of 5 Pages
________________________________________________________________________________
Item 1(a). Name of Issuer: Arqule Inc
________________________________________________________________________________
Item 1(b). Address of Issuer's Principal Executive Offices:
200 Boston Ave, Suite 1000, Medford, MA 02155
________________________________________________________________________________
Item 2(a). Name of Person Filing: The Kaufmann Fund, Inc.
________________________________________________________________________________
Item 2(b). Address of Principal Business Office, or if None, Residence:
140 East 45th Street, 43rd floor, New York, NY 10017
________________________________________________________________________________
Item 2(c). Citizenship: United States
________________________________________________________________________________
Item 2(d). Title of Class of Securities: Common Capital Stock
________________________________________________________________________________
Item 2(e). CUSIP Number: 48625010
________________________________________________________________________________
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), Check Whether the Person Filing is a:
(a) [_] Broker or dealer registered under Section 15 of the Exchange Act.
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [_] Insurance company as defined in Section 3(a)(19) of the Exchange
Act.
(d) [X] Investment company registered under Section 8 of the Investment
Company Act.
(e) [_] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) [_] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box. [_]
<PAGE>
CUSIP No. 04269E10 13G Page 4 of 5 Pages
Item 4. Ownership.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 1,278,700
(b) Percent of class: 9.47%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 1,278,700
(ii) Shared power to vote or to direct the vote N/A ,
(iii) Sole power to dispose or to direct the disposition of 1,278,700
(iv) Shared power to dispose or to direct the disposition of N/A
________________________________________________________________________________
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 ( X )
________________________________________________________________________________
Item 6. Ownership of More Than Five Percent on Behalf of Another Person. N/A
________________________________________________________________________________
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company. N/A
________________________________________________________________________________
Item 8. Identification and Classification of Members of the Group. N/A
________________________________________________________________________________
Item 9. Notice of Dissolution of Group. N/A
________________________________________________________________________________
Item 10. Certifications.
(a) The following certification shall be included if the statement is
filed pursuant to Rule 13d-1(b):
"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 not held for
the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are
not held in connection with or as a participant in any transaction
having such purpose or effect."
<PAGE>
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.
May 18, 2000
(Date)
Judith Reardon
(Signature)
Vice President
(Name/Title)
