SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. __2___)
Securities and Exchange Commission
Washington, D.C. 20549
MAXSERV, INC.
(Name of Issuer)
Common 577917107
(Title of Class of Securities) (CUSIP Number)
Vance M. Arnold, Executive Vice President, Renaissance Capital Group, Inc.
8080 N. Central Expressway, Suite 210 LB 59; Dallas, TX 75206
(214) 891-8294
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
March 20, 1997
(Date of Event which Requires Filing of this Statement)
1. Names of Reporting Person S.S. or I.R.S. Identification No.
Renaissance Capital Partners, Ltd. 75-2296301
2. Check the Appropriate Box if a Member of a Group
(a) N/A
(b) N/A
3. SEC Use Only________________________________________________
4. Source of Funds PF
5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) None
6. Citizenship or Place of Organization Texas
Number of Shares Beneficially Owned by Each Reporting Person With:
(7) Sole voting Power 0
(8) Shared Voting Power 0
(9) Sole Dispositive Power 0
(10) Shared Dispositive Power 0
11. Aggregate Amount Beneficially Owned be Each Reporting Person 0
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares None
13. Percent of Class Represented by Amount in Row (11) 0%
14. Type of Reporting Person PN
AMENDED SCHEDULE 13D
Filed Pursuant to Rule 13D-1
Item 1. Security and Issuer
Common Stock of MaxServ, Inc. (issuable upon conversion of 12.5%
convertible debenture by and between Renaissance Capital Partners,
Ltd. (the "Partnership") and MaxServ, Inc. (the "Company").
MaxServ, Inc.
8317 Cross Park Dr., Suite 350
Austin, TX 78754
Item 2. Identity and Background
a., b., c.
Renaissance Capital Partners, Ltd. Filer
8080 N. Central Expressway,
Suite 210
Dallas, Texas 75206
Renaissance Capital Group, Inc. Managing General Partner
8080 N. Central Expressway, of the Filer
Suite 210
Dallas, Texas 75206
Renaissance Capital Partners, Ltd. is a Texas limited partnership,
organized as a Business Development Company under the Investment Company
Act of 1940.
Renaissance Capital Group, Inc., a Texas corporation, is the Managing
General Partner and is responsible for the administration of Renaissance
Capital Partners, Ltd.'s investment portfolio.
The officers of Renaissance Capital Group, Inc. are:
Russell Cleveland, President and Chief Executive Officer
Vance M. Arnold, Executive Vice President
and Chief Operations Officer
Barbe Butschek, Senior Vice President, CFO,
Corp. Secretary & Treasurer
Robert C. Pearson, Senior Vice President
Mardon Navalta, Vice President
Norman D. Cox, Vice President
d. None
e. None
f. None
Item 3. Source and Amount of Funds or Other Consideration
The Partnership's source of funds is the Partners' Investment
Capital. No borrowed funds were used in the transaction.
Item 4. Purpose of Transaction
The sole purpose of the acquisition of these securities was as an
investment in accordance with the Partnership's election as a
Business Development Company under the Investment Company Act of
1940.
Item 5. Interest in Securities of the Issuer
a. Shares of issuer beneficially owned by the Partnership and its
Managing General Partner number 592,667 shares of the common stock
which represents 7.9% of the Company's outstanding stock. These
shares represent all of the Partnership's ownership. Renaissance
Capital Group, Inc. has a profit interest of up to 20%.
b. All the shares mentioned in (a) above.
c. Between 09/22/95 and 03/20/97, the Partnership sold its entire
position of 592,667 shares in the Company at an average price of
$4.59.
d. N/A
e. The Partnership ceased to be a beneficial owner of more than five
percent of the Company on March 6, 1996.
Item 6. Contracts, Arrangements, or Understandings with Respect to
Securities of the Issuer
Russell Cleveland, President of Managing General Partner, resigned
from the Board of Directors of the Company effective July 15, 1994.
Item 7. Persons Retained, Employed or to be Compensated
No person has been retained by the Partnership hereof or its
associates to, in any way, make solicitation or recommendation the
holders of the securities of the issuer to accept or reject any
tender offer.
Item 8. Material to be Filed as Exhibits
Not applicable
I certify that to the best of my knowledge and belief the information set
forth in this statement is true, complete and correct.
Date: December 5, 1997
Renaissance Capital Partners, Ltd.
By: Renaissance Capital Group, Inc.
Managing General Partner
By: /s/
Vance M. Arnold, Executive Vice President
