UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
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Under the Securities Act of 1934
(Amendment No. 3 )
MACGREGOR SPORTS AND FITNESS, INC.
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(Name of Issuer)
Common Stock, $.02 par value
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(Title of Class of Securities)
554433 10 2
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(CUSIP Number)
Check the following box if a fee is being paid with this statement /No fee/
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Cusip No. 554433 10 2 Page 2 of 4 Pages
Row 1.: Equitex, Inc.
84-0905189
Row 2.: (a) / /
(b) / /
Row 3.: SEC USE ONLY
Row 4.: Delaware Corporation
Row 5.: 2,978,046
Row 6.: None
Row 7.: 2,978,046
Row 8.: None
Row 9.: 2,978,046
Row 10.: / /
Row 11.: 30.9%
Row 12.: CO
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Cusip No. 554433 10 2 Page 3 of 4 Pages
Item 1.
(a) MacGregor Sports and Fitness, Inc.
(b) 8100 White Horse Road
Greenville, South Carolina 29611
Item 2.
(a) Equitex, Inc.
(b) 7315 E. Peakview Avenue
Englewood, Colorado 80111
(c) Delaware Corporation
(d) Common Stock, $.01 Par Value
(e) 554433 10 2
Item 3. If this Statement Is Filed Pursuant to Rule 13d-1(b), or
13d-2(b), Check Whether the Person Filing Is A:
Not applicable
Item 4. Ownership
(a) 2,978,046 total, which includes 1,891,046 shares of common stock,
87,000 shares issuable upon the exerciseof common stock purchase
warrants, and 1,000,000 shares issuable upon conversion of 1,000
shares of Class C Convertible Preferred Stock.
(b) 30.9%
(c) (i) 2,978,046
(ii) -0-
(iii) 2,978,046
(iv) -0-
Item 5. Ownership of Five Percent or less of a Class:
Not applicable
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:
Not applicable
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Cusip No. 554433 10 2 Page 4 of 4 Pages
Signature
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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.
Equitex, Inc.
Dated: February 13, 1996 as
of December 31, 1995 By /S/ THOMAS B. OLSON
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Thomas B. Olson, Secretary
