UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Viragen, Inc.
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(Name of Issuer)
Common
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(Title of Class of Securities)
927638 10 6
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(CUSIP NUMBER)
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing of 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 ("Act") 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).
(Continued on the following page(s))
Page 1 of 3 pages
<PAGE>
CUSIP No. 927638 10 6 13G/A Page 2 Of 3 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WHRS Investment Management, Inc.
59-1380865
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) [ ]
N/A (B) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Palm Beach County, Florida
USA
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NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
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EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 2,211,642
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WITH 8 SHARED DISPOSITIVE POWER
-0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,211,642
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.48%
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12 TYPE OF REPORTING PERSON*
IA
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<PAGE>
CUSIP No. 927638 10 6 13G/A Page 3 Of 3 Pages
ITEM 1(A): Name of Issuer: Viragen, Inc.
ITEM 1(B): Address of Issuer's Principal Executive Offices:
865 SW 78 Ave., Suite 100
Plantation, FL 33324
ITEM 2(A): Name of Person Filing: WHRS Investment Management, Inc.
ITEM 2(B): Address of Principal Business Office:
4440 PGA Blvd, Suite 308
Palm Beach Gardens, FL 33410
ITEM 2(C): Citizenship; USA
ITEM 2(D): Title of Class of Securities: Common
ITEM 2(E): CUSIP Number: 92763810 6
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) [X] 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
sectionsign240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with
sectionsign240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) [ ] Group, in accordance with
sectionsign240.13d-1(b)(1)(ii)(H)
ITEM 4: OWNERSHIP
If the percent of the class owned, as of December 31 of the year covered by
the statement, or as of the last day of any month described in Rule 13d-1(b)(2),
if applicable, exceeds five percent, provide the following information as of
that date and identify those shares which there is a right to acquire.
(a) Amount Beneficially Owned: 2,211,642
(b) Percent of Class: 4.48%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote -0-
(ii) shared power to vote or to direct the vote -0-
(iii) sole power to dispose or to direct the disposition of 2,211,642
(iv) shared power to dispose or to direct the disposition of -0-
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: CERTIFICATION:
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 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.
12/8/97
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Date
/s/ Richard C. Sunshine, Pres.
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Signature
Richard C. Sunshine, President
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Name/Title
