<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 14)
Medical Resources, Inc.
(Name of Issuer)
Common Stock, Par Value, $0.01 Per Share
(Title of Class of Securities)
58461Q102000
(CUSIP Number)
Stephen M. Davis, Esq.
Werbel & Carnelutti
A Professional Corporation
711 Fifth Avenue, New York, New York 10022, (212) 832-8300
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
January 20, 1998
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this
Schedule 13D, and is filing this schedule because of Rule 13d-
1(b)(3) or (4), check the following box [ ].
The information required on the remainder of this cover page
shall not be deemed to be "filed" for the purposes 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).
Page 1 of 43 Pages<PAGE>
<PAGE>
SCHEDULE 13D
- ---------------------- ------------------
CUSIP No. 58461Q102000 Page 2 of 43 Pages
- ---------------------- ------------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
The SC Fundamental Value Fund, L.P.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC/OO
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
401,690
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
401,690
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
401,690
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.8%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
=================================================================
<PAGE>
SCHEDULE 13D
- ---------------------- --------------------
CUSIP No. 58461Q102000 Page 3 of 43 Pages
- ---------------------- --------------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
SC Fundamental Value BVI, Inc.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
195,710
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
195,710
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
195,710
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.9%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
=================================================================
<PAGE>
<PAGE>
SCHEDULE 13D
- ---------------------- --------------------
CUSIP No. 58461Q102000 Page 4 of 43 Pages
- ---------------------- --------------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
SC Fundamental Inc.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
401,690
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
401,690
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
401,690
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.8%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
=================================================================
<PAGE>
<PAGE>
SCHEDULE 13D
- ---------------------- --------------------
CUSIP No. 58461Q102000 Page 5 of 43 Pages
- ---------------------- --------------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
SC-MRI, Inc.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
433,671
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
433,671
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
433,671
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.9%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
=================================================================
<PAGE>
<PAGE>
SCHEDULE 13D
- ---------------------- --------------------
CUSIP No. 58461Q102000 Page 6 of 43 Pages
- ---------------------- --------------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
SC-MRI Investors, L.P.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC/OO
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E)
[ ]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
433,671
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
433,671
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
433,671
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.9%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
=================================================================
<PAGE>
SCHEDULE 13D
- ---------------------- --------------------
CUSIP No. 58461Q102000 Page 7 of 43 Pages
- ---------------------- --------------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
SC-SM, Inc.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
1,441,087
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,441,087
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,441,087
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.4%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
=================================================================<PAGE>
<PAGE>
SCHEDULE 13D
- ---------------------- --------------------
CUSIP No. 58461Q102000 Page 8 of 43 Pages
- ---------------------- --------------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
StarMed Investors, L.P.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC/OO
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
1,441,087
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,441,087
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,441,087
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.4%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
=================================================================
<PAGE>
<PAGE>
SCHEDULE 13D
- ---------------------- --------------------
CUSIP No. 58461Q102000 Page 9 of 43 Pages
- ---------------------- --------------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
KK Acquisition Partners, L.P.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC/OO
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
272,871
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
272,871
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
272,871
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
=================================================================
<PAGE>
SCHEDULE 13D
- ---------------------- --------------------
CUSIP No. 58461Q102000 Page 10 of 43 Pages
- ---------------------- --------------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
SC-KK, Inc.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
276,281
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
276,281
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
276,281
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
=================================================================
<PAGE>
<PAGE>
SCHEDULE 13D
- ---------------------- --------------------
CUSIP No. 58461Q102000 Page 11 of 43 Pages
- ---------------------- --------------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
MRP Investors, L.P.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC/OO
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
82,217
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
82,217
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
82,217
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
=================================================================
<PAGE>
<PAGE>
SCHEDULE 13D
- ---------------------- --------------------
CUSIP No. 58461Q102000 Page 12 of 43 Pages
- ---------------------- --------------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
SC-MRP, Inc.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
83,607
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
83,607
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
83,607
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
=================================================================
<PAGE>
<PAGE>
SCHEDULE 13D
- ---------------------- --------------------
CUSIP No. 58461Q102000 Page 13 of 43 Pages
- ---------------------- --------------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Siegler, Collery & Co. Employees Savings and Profit Sharing
Plan
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC/OO
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
12,500
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
12,500
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,500
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.06%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
EP
=================================================================
<PAGE>
<PAGE>
SCHEDULE 13D
- ---------------------- --------------------
CUSIP No. 58461Q102000 Page 14 of 43 Pages
- ---------------------- --------------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
712 Advisory Services, Inc.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
525,000 (constitutes shares underlying common stock
warrants)
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
525,000 (constitutes shares underlying common stock
warrants)
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
525,000 (constitutes shares underlying common stock
warrants)
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.3%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
<PAGE>
SCHEDULE 13D
- ---------------------- --------------------
CUSIP No. 58461Q102000 Page 15 of 43 Pages
- ---------------------- --------------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Gary N. Siegler
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC/OO/PF
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
1,442,814 (includes 608,666 shares underlying options and
525,000 shares underlying common stock warrants)
- -----------------------------------------------------------------
8 SHARED VOTING POWER
2,885,303
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,442,814 (includes 608,666 shares underlying options and
525,000 shares underlying common stock warrants)
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,885,303
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,328,117 (includes 608,666 shares underlying options and
525,000 shares underlying common stock warrants)
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.2%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
<PAGE>
SCHEDULE 13D
- ---------------------- --------------------
CUSIP No. 58461Q102000 Page 16 of 43 Pages
- ---------------------- --------------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Peter M. Collery
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC/OO/PF
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
206,699 (includes 51,000 shares underlying options)
- -----------------------------------------------------------------
8 SHARED VOTING POWER
2,885,303
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
206,699 (includes 51,000 shares underlying options)
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,885,303
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,092,002 (includes 51,000 shares underlying options)
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.6%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
=================================================================
<PAGE>
SCHEDULE 13D
- ---------------------- --------------------
CUSIP No. 58461Q102000 Page 17 of 43 Pages
- ---------------------- --------------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Siegler, Collery & Co.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC/OO
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
40,757
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
40,757
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
40,757
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
=================================================================
<PAGE>
SCHEDULE 13D
- ---------------------- --------------------
CUSIP No. 58461Q102000 Page 18 of 43 Pages
- ---------------------- --------------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Neil H. Koffler
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
OO/PF
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
368,580 (includes 270,000 shares underlying common stock
warrants and 95,000 shares underlying options.)
- -----------------------------------------------------------------
8 SHARED VOTING POWER
0
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
368,580 (includes 270,000 shares underlying common stock
warrants and 95,000 shares underlying options.)
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
368,580 (includes 270,000 shares underlying common stock
warrants and 95,000 shares underlying options.)
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.6%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
<PAGE>
SCHEDULE 13D
- ---------------------- --------------------
CUSIP No. 58461Q102000 Page 19 of 43 Pages
- ---------------------- --------------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
SC Fundamental, LLC
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
401,690
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
401,690
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
401,690
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.8%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
=================================================================
<PAGE>
SCHEDULE 13D
- ---------------------- --------------------
CUSIP No. 58461Q102000 Page 20 of 43 Pages
- ---------------------- --------------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
The Gary N. Siegler Foundation
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
202,898
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
202,898
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
202,898
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.9%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
=================================================================
<PAGE>
SCHEDULE 13D
- ---------------------- --------------------
CUSIP No. 58461Q102000 Page 21 of 43 Pages
- ---------------------- --------------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Curtis G. Macnguyen
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
15,000 (constitutes 15,000 shares underlying options.)
- -----------------------------------------------------------------
8 SHARED VOTING POWER
0
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
15,000 (constitutes 15,000 shares underlying options.)
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,000 (constitutes 15,000 shares underlying options.)
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.07%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
=================================================================
<PAGE>
SCHEDULE 13D
- ---------------------- --------------------
CUSIP No. 58461Q102000 Page 22 of 43 Pages
- ---------------------- --------------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
SC Fundamental Value BVI, Ltd.
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
195,710
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
195,710
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
195,710
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.9%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
=================================================================
<PAGE>
SCHEDULE 13D
- ---------------------- --------------------
CUSIP No. 58461Q102000 Page 23 of 43 Pages
- ---------------------- --------------------
=================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
SC-BVI Partners
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- -----------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------
8 SHARED VOTING POWER
195,710
- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
195,710
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
195,710
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.9%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
=================================================================
<PAGE> Page 24 of 43 Pages
AMENDMENT NO. 14
TO THE
SCHEDULE 13D
This statement constitutes Amendment No. 14 to the
Schedule 13D relating to the Common Stock, par value $0.01 per
share ("Common Stock"), of Medical Resources, Inc. (the "Issuer")
filed by SC Fundamental Inc. ("SC"), The SC Fundamental Value
Fund, L.P. ("Fund"), SC Fundamental Value BVI, Inc. ("BVI Inc."),
SC-MRI, Inc. ("SC-MRI"), SC-SM, Inc. ("SC-SM"), StarMed
Investors, L.P. ("StarMed"), SC-MRI Investors, L.P. ("SC-MRI
L.P."), KK Acquisition Partners, L.P. ("KK"), SC-KK, Inc. ("SC-
KK"), MRP Investors, L.P. ("MRP"), SC-MRP, Inc. ("SC-MRP"),
Siegler, Collery & Co. Employees Savings and Profit Sharing Plan
("Employee Plan"), Siegler, Collery & Co. ("SCC"), 712 Advisory
Services, Inc. ("712"), Gary N. Siegler ("Siegler") and Peter M.
Collery ("Collery"), and adds SC Fundamental, LLC ("SCFLLC"), The
Gary N. Siegler Foundation ("Foundation"), Neil H. Koffler
("Koffler"), Curtis G. Macnguyen ("Macnguyen"), SC Fundamental
Value BVI, Ltd. ("BVI Fund") and SC-BVI Partners as members of a
joint filing group with the foregoing persons (collectively, the
"Reporting Persons").
Item 2. Identity and Background.
SCFLLC is a New York limited liability company and,
effective as of January 1, 1998, became the general partner of
Fund. The principal business of SCFLLC is serving in such
capacity and investing in securities. The business address of
SCFLLC is 712 Fifth Avenue, New York, New York 10019. During the
last five years, neither SCFLLC nor any of its members has been
(i) convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or (ii) a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding has been or is
subject to a judgment, decree or final order enjoining future
violation of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation with
respect to such laws. The name, position and business address of
each member of SCFLLC is set forth on Schedule A attached hereto.
Foundation is a Delaware not-for-profit corporation.
The business address of Foundation is 712 Fifth Avenue, New York,
New York 10019. During the last five years, neither Foundation
nor any of its directors or officers has been (i) convicted in a
criminal proceeding (excluding traffic violations or similar
misdemeanors) or (ii) a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction and as a result
of such proceeding has been or is subject to a judgment, decree
or final order enjoining future violation of, or prohibiting or
<PAGE>
<PAGE> Page 25 of 43 Pages
mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws. The name,
position, business address and citizenship of the sole director
and executive officer of Foundation is set forth on Schedule B
attached hereto.
Koffler is a citizen of the United States having a
business address at c/o SC Fundamental, LLC, 712 Fifth Avenue,
New York, New York 10019. The principal occupation of Koffler is
acting as an employee member of SCFLLC and as Vice President,
Treasurer and Secretary of 712. Koffler also serves as a
director of the Issuer and as Treasurer of each of SC-SM, SC-KK
and SC-MRP. During the last five years, Koffler has not been (i)
convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors) or (ii) a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction and
as a result of such proceeding has been or is subject to a
judgment, decree or final order enjoining future violations of,
or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to
such laws.
Macnguyen is a citizen of the United States having a
business address at c/o SC Fundamental, LLC, 712 Fifth Avenue,
New York, New York 10019. The principal occupation of Macnguyen
is acting as an employee member of SCFLLC. During the last five
years, Macnguyen has not been (i) convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors)
or (ii) a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of
such proceeding has been or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws.
BVI Fund is a British Virgin Islands Company. The
principal business of BVI Fund is investing in securities. The
business address of BVI Fund is c/o Citco Fund Services (Cayman
Islands) Ltd., Corporate Center, West Bay Road, Grand Cayman,
Cayman Islands. During the last five years, neither BVI Fund nor
any of its directors or officers has been (i) convicted in a
criminal proceeding (excluding traffic violations or similar
misdemeanors) or (ii) a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction and as a result
of such proceeding has been or is subject to a judgment, decree
or final order enjoining future violation of, or prohibiting or
mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws. The name,
position, business address and citizenship of the directors and
executive officers of BVI Fund are set forth on Schedule C
hereto.
<PAGE>
<PAGE> Page 26 of 43 Pages
SC-BVI Partners is a Delaware general partnership. The
principal business of SC-BVI Partners is serving as the
investment manager of BVI Fund and investing in securities. The
business address of SC-BVI Partners is 712 Fifth Avenue, New
York, New York 10019. During the last five years, neither SC-BVI
Partners nor any of its general partners has been (i) convicted
in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or (ii) a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction and as a result
of such proceeding has been or is subject to a judgment, decree
or final order enjoining future violation of, or prohibiting or
mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws. The name,
position and business address of the general partners of SC-BVI
Partners are set forth on Schedule D hereto.
Item 3. Source and Amount of Funds or Other Consideration.
As of January 1, 1998, SCFLLC became the substitute
general partner of Fund in place of SC and, as a consequence,
became a beneficial owner of the shares of Common Stock
beneficially owned by SC without the payment of any
consideration. SC, as a corporate member and manager of SCFLLC,
continues as a beneficial owner of such shares. As described in
Item 5 hereof, both SCFLLC and SC are affiliates of Siegler and
Collery.
On January 20, 1998, as compensation to Koffler for
services rendered to 712, 712 transferred to Koffler warrants to
purchase an aggregate of 270,000 shares of Common Stock (the
"Koffler Warrants"). The Koffler Warrants constitute a portion
of the warrants to purchase an aggregate of 675,000 shares of
Common Stock that had been issued by the Issuer to 712 for
services rendered by 712 to the Issuer in 1997. On December 13,
1994, Koffler acquired 3,580 shares of Common Stock from MRI
Partners L.P. as part of a liquidating distribution from MRI
Partners L.P. to its limited partners. Koffler had invested an
aggregate of $5,000 in MRI Partners L.P. from personal funds.
Koffler also received options to purchase an aggregate of 95,000
shares of Common Stock from the Issuer as compensation for
services as a director of the Issuer, as follows: options to
purchase 35,000 shares at $5.50 per share on February 15, 1996,
options to purchase 15,000 shares at $6.50 per share on April 22,
1996, options to purchase 10,000 shares at $9.00 per share on May
20, 1996 and options to purchase 35,000 shares at $8.50 per share
on November 1, 1996.
On January 20, 1998, Naples Securities, Inc.
("Naples"), a Delaware corporation controlled by Siegler,
transferred 100,000 shares of Common Stock to Siegler and 50,000
shares of Common Stock to Collery as a liquidating distribution
to stockholders and without the payment of consideration by
<PAGE>
<PAGE> Page 27 of 43 Pages
Siegler or Collery. Naples had acquired such shares pursuant to
a Purchase Agreement dated September 30, 1994 (the "Naples
Purchase Agreement") between Naples, as purchaser, and Naples MRI
Partners Ltd., as seller, for an aggregate purchase price of
$281,250, which was paid through the delivery of a promissory
note of Naples issued as of such date and bearing interest at 7%
per annum. Such note was non-recourse to Naples and the 150,000
shares acquired by Naples served as collateral security for the
obligations thereunder. Payments under such note (including
interest of $44,297) through its maturity on October 31, 1997
aggregated approximately $325,547, $217,031 of which was funded
by contributions of personal funds by Siegler and $108,516 of
which was funded by contributions of personal funds by Collery.
Foundation received charitable donations from Siegler
of 22,000 and 180,898 shares of Common Stock on December 27, 1996
and May 27, 1997, respectively.
On April 22, 1996, as consideration for services
rendered to the Issuer, the Issuer granted to Macnguyen options
to purchase an aggregate of 15,000 shares of Common Stock at
$6.50 per share.
Item 4. Purpose of Transaction.
Except as disclosed in Item 6 hereof, none of the
Reporting Persons has any plans, proposals or intentions which
would result in any of the actions described in clause (a)
through (j) of Item 4 of Rule 13d-101 of the Securities Exchange
Act of 1934, as amended.
Item 5. Interest in Securities of the Issuer.
(a) As of the close of business on January 20, 1998,
the Reporting Persons, by virtue of Rule 13d-3, may be deemed to
own beneficially in the aggregate the numbers of shares and
percentages of Common Stock set forth opposite their names below
(based upon the 22,666,383 shares of Common Stock that were
reported by the Issuer's transfer agent to be outstanding as of
January 15, 1998).
<PAGE>
<PAGE> Page 28 of 43 Pages
<TABLE>
<CAPTION>
=================================================================
Name Shares of Common Stock Percentage
- ----------------------------------------------------------------
<S> <C> <C>
The SC Fundamental Value Fund, L.P. 401,690 1.8%
- ----------------------------------------------------------------
SC Fundamental Inc. 401,690 1.8%
- ----------------------------------------------------------------
SC Fundamental, LLC 401,690 1.8%
- ----------------------------------------------------------------
The SC Fundamental Value BVI, Ltd. 195,710 0.9%
- ----------------------------------------------------------------
SC Fundamental Value BVI, Inc. 195,710 0.9%
- ----------------------------------------------------------------
SC-BVI Partners 195,710 0.9%
- ----------------------------------------------------------------
Gary N. Siegler 4,328,117 (1) 18.2%
- ----------------------------------------------------------------
Peter M. Collery 3,092,002 (2) 13.6%
- ----------------------------------------------------------------
SC-MRI, Inc. 433,671 1.9%
- ----------------------------------------------------------------
SC-MRI Investors, L.P. 433,671 1.9%
- ----------------------------------------------------------------
SC-SM, Inc. 1,441,087 6.4%
- ----------------------------------------------------------------
StarMed Investors, L.P. 1,441,087 6.4%
- ----------------------------------------------------------------
KK Acquisition Partners, L.P. 272,871 1.2%
- ----------------------------------------------------------------
SC-KK, Inc. 276,281 1.2%
- ----------------------------------------------------------------
MRP, Investors, L.P. 82,217 0.4%
- ----------------------------------------------------------------
SC-MRP, Inc. 83,607 0.4%
- ----------------------------------------------------------------
Siegler, Collery & Co. 40,757 0.2%
- ----------------------------------------------------------------
Siegler, Collery & Co. Employees 12,500 0.06%
Savings and Profit Sharing Plan
- ----------------------------------------------------------------
712 Advisory Services, Inc. 525,000 (3) 2.3%
- ----------------------------------------------------------------
The Gary N. Siegler Foundation 202,898 0.9%
- ----------------------------------------------------------------
Neil H. Koffler 368,580 (4) 1.6%
- ----------------------------------------------------------------
Curtis G. Macnguyen 15,000 (5) 0.07%
=================================================================
</TABLE>
<PAGE> Page 29 of 43 Pages
- --------------------
(1) Includes 608,666 shares underlying options and 525,000
shares underlying warrants.
(2) Includes 51,000 shares underlying options.
(3) Constitutes 525,000 shares underlying warrants.
(4) Includes 270,000 shares underlying warrants and 95,000
shares underlying options.
(5) Constitutes 15,000 shares underlying options.
(b) Siegler and Collery, by virtue of their status as
principal members of SCFLLC, the general partner of Fund, and as
the controlling stockholders, directors and executive officers of
SC, the corporate member and manager of SCFLLC, may be deemed to
share with Fund, SCFLLC and SC the power to vote or direct the
vote and to dispose or to direct the disposition of shares of
Common Stock of which Fund is the direct beneficial owner.
Siegler and Collery, by virtue of their status as
controlling stockholders, directors and executive officers of BVI
Inc., the managing general partner of SC-BVI Partners, which is
the investment manager of BVI Fund, may be deemed to share with
BVI Inc., SC-BVI Partners and BVI Fund the power to vote or
direct the vote and to dispose or direct the disposition of
shares of Common Stock of which BVI Fund is the direct beneficial
owner. Because BVI Fund and SC-BVI Partners could be deemed to
share with BVI Inc. the power to vote or direct the vote and the
power to dispose or direct the disposition of such shares of
Common Stock (and as to which BVI Inc. exercises such power), BVI
Fund and SC-BVI Partners have been added as Reporting Persons.
Siegler and Collery, by virtue of their status as
controlling stockholders, directors and executive officers of SC-
SM, the general partner of StarMed, may be deemed to share with
SC-SM and StarMed the power to vote or direct the vote and to
dispose or direct the disposition of shares of Common Stock of
which StarMed is the direct beneficial owner.
Siegler and Collery, by virtue of their status as
controlling stockholders, directors and executive officers of SCC
may be deemed to share with SCC the power to vote or direct the
vote and to dispose or direct the disposition of shares of Common
Stock of which SCC is the direct beneficial owner.
Siegler and Collery, by virtue of their status as
controlling stockholders, directors and executive officers of SC-
MRI, the general partner of SC-MRI L.P., may be deemed to share
with SC-MRI and SC-MRI L.P. the power to vote or direct the vote
and to dispose or direct the disposition of shares of Common
Stock of which SC-MRI L.P. is the direct beneficial owner.
<PAGE>
<PAGE> Page 30 of 43 Pages
Siegler and Collery, by virtue of their status as
controlling stockholders, directors and executive officers of SC-
KK, the general partner of KK, may be deemed to share with SC-KK
and KK the power to vote or direct the vote and to dispose or
direct the disposition of shares of Common Stock of which each of
SC-KK and KK is the direct beneficial owner.
Siegler and Collery, by virtue of their status as
controlling stockholders, directors and executive officers of SC-
MRP, the general partner of MRP, may be deemed to share with SC-
MRP and MRP the power to vote or direct the vote and to dispose
or direct the disposition of shares of Common Stock of which each
of SC-MRP and MRP is the direct beneficial owner.
Siegler, by virtue of his status as the sole
stockholder, sole director and as an executive officer of 712,
may be deemed to share with 712 the power to vote or direct the
vote and to dispose or to direct the disposition of shares of
Common Stock of which 712 is the direct beneficial owner.
Siegler, by virtue of his status as the sole director
and officer of Foundation, may be deemed to share with Foundation
the power to vote or direct the vote and to dispose or to direct
the disposition of shares of Common Stock of which Foundation is
the direct beneficial owner.
Siegler has the sole power to vote or direct the vote
and to dispose or to direct the disposition of 1,442,814 shares
of Common Stock of which he is the direct beneficial owner.
Collery has the sole power to vote or direct the vote
and to dispose or to direct the disposition of 206,699 shares of
Common Stock of which he is the direct beneficial owner.
Koffler has the sole power to vote or direct the vote
and to dispose or to direct the disposition of all of the shares
of Common Stock indicated in Item 5(a) as being beneficially
owned by him. Koffler disclaims beneficial ownership of the
shares of Common Stock owned by the other Reporting Persons.
Macnguyen has the sole power to vote or direct the vote
and to dispose or direct the disposition of all of the shares of
Common Stock indicated in Item 5(a) as being beneficially owned
by him. Macnguyen disclaims beneficial ownership of the shares
of Common Stock owned by the other Reporting Persons.
(c) During the last 60 days, the following
transactions in Common Stock were effected by the Reporting
Persons:
<PAGE>
<PAGE> Page 31 of 43 Pages
On January 20, 1997, Koffler acquired from 712, as
compensation for services rendered to 712, the Koffler Warrants
to purchase the following numbers of shares of Common Stock at
the following exercise prices per share, which Koffler Warrants
are exercisable until the expiration dates indicated below:
<TABLE>
<CAPTION>
=================================================================
Number of Shares Exercise Price Per Share Expiration Date
- -----------------------------------------------------------------
<S> <C> <C>
12,800 $10.31 3/3/02
- ----------------------------------------------------------------
54,800 10.60 3/11/02
- ----------------------------------------------------------------
22,800 10.64 3/12/02
- ----------------------------------------------------------------
67,200 11.06 3/17/02
- ----------------------------------------------------------------
22,000 11.25 3/18/02
- ----------------------------------------------------------------
64,000 12.59 5/12/02
- ----------------------------------------------------------------
26,400 12.59 5/12/02
=================================================================
</TABLE>
On January 20, 1998, Naples transferred 100,000 shares
of Common Stock to Siegler and 50,000 shares of Common Stock to
Collery as a liquidating distribution to its stockholders.
As described in Item 3 above, as of January 1, 1998,
SCFLLC became a beneficial owner of the shares of Common Stock
reported as beneficially owned by SC by virtue of SCFLLC becoming
the general partner of Fund in substitution for SC. SC, as a
corporate member and manager of SCFLLC, continues to be a
beneficial owner of such shares.
Item 6. Contracts, Arrangements, Understanding or Relationships
with Respect to Securities of the Issuer.
A committee of the Board of Directors of the Issuer
(the "Committee") is conducting a review of the Issuer's
practices regarding related-party transactions, as well as the
fairness of such transactions and the adequacy of the disclosure
of the same, including, without limitation, warrants issued and
fees paid to 712. Siegler and 712 have stated that, although
they believe that all related-party transactions and financial
advisory fees are and were proper, they nevertheless agreed to
abide by the findings of the Issuer's independent review and to
return to the Issuer any fees that the Committee deems
<PAGE>
<PAGE> Page 32 of 43 Pages
improper. Such fees could include all or a portion of the
warrants to purchase shares of Common Stock beneficially owned by
712. Koffler has agreed that, in the event 712 becomes obligated
to return any of such warrants issued to 712 in 1997, he would
return to the Issuer a proportionate number of the Koffler
Warrants transferred to him by 712.
Naples acquired 150,000 shares of Common Stock (which
shares, as described in Items 3 and 5(c), were transferred to
Siegler and Collery in the amounts of 100,000 and 50,000,
respectively) pursuant to the Naples Purchase Agreement. The
purchase price for the 150,000 shares of Common Stock was
$281,250 in the aggregate or $1.88 per share paid pursuant to the
promissory note described in Item 3 above, which note (including
accrued interest) has been paid in full.
Item 7. Materials to be Filed as Exhibits.
1. Joint Filing Agreement dated January 20, 1998 among the
Reporting Persons.
<PAGE>
<PAGE> Page 33 of 43 Pages
After reasonable inquiry and to the best of our
knowledge and belief, we certify that the information set forth
in this statement is true, complete and correct.
Dated: January 20, 1998
SC FUNDAMENTAL INC. SC-SM, INC.
By: /s/ Peter M. Collery /s/ Peter M. Collery
- ---------------------------- ----------------------------
Neil H. Koffler as Attorney- Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery in-Fact for Peter M. Collery
Vice President(2) Vice President(2)
THE SC FUNDAMENTAL VALUE FUND, STARMED INVESTORS, L.P.
L.P.
By: SC-SM, INC., as
By: SC FUNDAMENTAL, LLC, as General Partner
General Partner
By: /s/ Peter M. Collery
By: /s/ Peter M. Collery ------------------------------
- ------------------------------ Neil H. Koffler as Attorney-
Neil H. Koffler as Attorney- in-Fact for Peter M. Collery
in-Fact for Peter M. Collery Vice President(2)
Vice President(2)
SC FUNDAMENTAL VALUE BVI, INC. SC-MRI, INC.
By: /s/ Peter M. Collery By: /s/ Peter M. Collery
- ------------------------------ -----------------------------
Neil H. Koffler as Attorney- Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery in-Fact for Peter M. Collery
Vice President(2) Vice President(2)
/s/ Gary N. Siegler SIEGLER, COLLERY & CO.
- ----------------------------- EMPLOYEES SAVINGS AND
Neil H. Koffler as Attorney-in- PROFIT SHARING PLAN
Fact for Gary N. Siegler(2)
By: /s/ Peter M. Collery
------------------------------
/s/ Peter M. Collery Neil H. Koffler as Attorney-
- ------------------------------ in-Fact for Peter M. Collery,
Neil H. Koffler as Attorney-in- Vice President(2)
Fact for Peter M. Collery(2)
<PAGE>
<PAGE> Page 34 of 43 Pages
SC-MRI INVESTORS, L.P. 712 ADVISORY SERVICES, INC.
By: SC-MRI, INC., as General
Partner By: /s/ Peter M. Collery
-----------------------------
By: /s/ Peter M. Collery Neil H. Koffler as Attorney-
- ----------------------------- in-Fact for Gary N. Siegler,
Neil H. Koffler as Attorney-in- President(2)
Fact for Peter M. Collery
Vice President(2)
SC-KK, INC. MRP INVESTORS, L.P.
By: SC-MRP, Inc., as General
Partner
By: /s/ Peter M. Collery By: /s/ Peter M. Collery
- ----------------------------- ------------------------------
Neil H. Koffler as Attorney- Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery in-Fact for Peter M. Collery
Vice President(2) Vice President(2)
SC-MRP, INC. SIEGLER, COLLERY & CO.
By: /s/ Peter M. Collery By: /s/ Peter M. Collery
- ------------------------------ -----------------------------
Neil H. Koffler as Attorney- Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery in-Fact for Peter M. Collery
Vice President(2) Vice President(2)
KK ACQUISITION PARTNERS, L.P.
By: SC-KK, INC., as General
Partner /s/ Neil H. Koffler
----------------------------
By: /s/ Peter M. Collery Neil H. Koffler
- -----------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(2)
<PAGE>
<PAGE> Page 35 of 43 Pages
SC FUNDAMENTAL, LLC THE GARY N. SIEGLER FOUNDATION
By: SC Fundamental Inc., as
Manager By: /s/ Gary N. Siegler
-----------------------------
By: /s/ Peter M. Collery Gary N. Siegler as Attorney-
- ------------------------------ in-Fact for Gary N. Siegler
Neil H. Koffler as Attorney President(2)
in-Fact for Peter M. Collery
Vice President(2)
/s/ Curtis G. Macnguyen
-----------------------------
Curtis G. Macnguyen
SC FUNDAMENTAL VALUE BVI, LTD. SC-BVI PARTNERS
By: SC Fundamental Value BVI, By: SC Fundamental Value BVI,
Inc., as managing general Inc., as managing general
partner of investment partner
manager
By: /s/ Peter M. Collery By: /s/ Peter M. Collery
- ------------------------------ -----------------------------
Neil H. Koffler as Attorney-in- Neil H. Koffler as Attorney-
Fact for Peter M. Collery, in-Fact for Peter M. Collery,
Vice President(2) Vice President(2)
(2) Executed by Neil H. Koffler as Attorney-in-Fact for Peter M.
Collery and Gary N. Siegler. The Powers of Attorney for
Messrs. Collery and Siegler were filed as Exhibit A to
Amendment No. 5 to the Schedule 13D relating to the US
Facilities Corporation on August 4, 1995 and are hereby
incorporated herein by reference.
<PAGE>
<PAGE> Page 36 of 43 Pages
EXHIBIT INDEX
Exhibit No. Description
1 Joint Filing Agreement dated
January 20, 1998 among the
Reporting Persons
<PAGE>
<PAGE> Page 37 of 43 Pages
Exhibit 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) under the Securities
Exchange Act of 1934, as amended, the persons named below agree
to the joint filing on behalf of each of them of a statement on
Schedule 13D (including amendments thereto) with respect to the
Common Stock, par value $0.01 per share, of Medical Resources,
Inc. and further agree that this Joint Filing Agreement be
included as an Exhibit to such joint filing. In evidence
thereof, the undersigned, hereby execute this Agreement this 20th
day of January, 1998.
Dated: January 20, 1998
SC FUNDAMENTAL INC. SC-SM, INC.
By: /s/ Peter M. Collery /s/ Peter M. Collery
- ---------------------------- ----------------------------
Neil H. Koffler as Attorney- Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery in-Fact for Peter M. Collery
Vice President(3) Vice President(3)
THE SC FUNDAMENTAL VALUE FUND, STARMED INVESTORS, L.P.
L.P.
By: SC-SM, INC., as
By: SC FUNDAMENTAL, LLC, as General Partner
General Partner
By: /s/ Peter M. Collery By: /s/ Peter M. Collery
- ------------------------------ ------------------------
Neil H. Koffler as Attorney- Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery in-Fact for Peter M. Collery
Vice President(3) Vice President(3)
SC FUNDAMENTAL VALUE BVI, INC. SC-MRI, INC.
By: /s/ Peter M. Collery By: /s/ Peter M. Collery
- ----------------------------- -----------------------------
Neil H. Koffler as Attorney- Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery in-Fact for Peter M. Collery
Vice President(3) Vice President(3)
<PAGE>
<PAGE> Page 38 of 43 Pages
/s/ Gary N. Siegler SIEGLER, COLLERY & CO.
- ----------------------------- EMPLOYEES SAVINGS AND
Neil H. Koffler as Attorney-in- PROFIT SHARING PLAN
Fact for Gary N. Siegler(3)
By: /s/ Peter M. Collery
------------------------------
/s/ Peter M. Collery Neil H. Koffler as Attorney-
- ------------------------------- in-Fact for Peter M. Collery,
Neil H. Koffler as Attorney-in- Vice President(3)
Fact for Peter M. Collery(3)
712 ADVISORY SERVICES, INC.
SC-MRI INVESTORS, L.P.
By: /s/ Peter M. Collery
-----------------------------
By: SC-MRI, INC., as General Neil H. Koffler as Attorney-
Partner in-Fact for Gary N. Siegler,
President(3)
By: /s/ Peter M. Collery
- -------------------------------
Neil H. Koffler as Attorney-in-
Fact for Peter M. Collery
Vice President(3)
SC-KK, INC. MRP INVESTORS, L.P.
By: SC-MRP, Inc., as General
Partner
By: /s/ Peter M. Collery By: /s/ Peter M. Collery
- ---------------------------- ------------------------------
Neil H. Koffler as Attorney- Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery in-Fact for Peter M. Collery
Vice President(3) Vice President(3)
SC-MRP, INC.
By: /s/ Peter M. Collery
- ------------------------------ SIEGLER, COLLERY & CO.
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery By: /s/ Peter M. Collery
Vice President(3) -----------------------------
Neil H. Koffler as Attorney-
in-Fact for Peter M. Collery
Vice President(3)
<PAGE>
<PAGE> Page 39 of 43 Pages
KK ACQUISITION PARTNERS, L.P.
By: SC-KK, INC., as General
Partner
By: /s/ Peter M. Collery /s/ Neil H. Koffler
- ------------------------------- ------------------------------
Neil H. Koffler as Attorney- Neil H. Koffler
in-Fact for Peter M. Collery
Vice President(3)
SC FUNDAMENTAL, LLC THE GARY N. SIEGLER FOUNDATION
By: SC Fundamental Inc., as
Manager
By: /s/ Peter M. Collery By: /s/ Gary N. Siegler
- ------------------------- ----------------------------
Neil H. Koffler as Attorney Neil H. Koffler as Attorney
in-Fact for Peter M. Collery in-Fact for Gary N. Siegler
Vice President(3) President(3)
/s/ Curtis G. Macnguyen
-----------------------------
Curtis G. Macnguyen
SC FUNDAMENTAL VALUE BVI, LTD. SC-BVI PARTNERS
By: SC Fundamental Value BVI, By: SC Fundamental Value BVI,
Inc., as managing general Inc., as managing general
partner of investment partner
manager
By: /s/ Peter M. Collery By: /s/ Peter M. Collery
- ------------------------------ -----------------------------
Neil H. Koffler as Attorney-in- Neil H. Koffler as Attorney-
Fact for Peter M. Collery, in-Fact for Peter M. Collery,
Vice President(3) Vice President(3)
(3) Executed by Neil H. Koffler as Attorney-in-Fact for Peter M.
Collery and Gary N. Siegler. The Powers of Attorney for
Messrs. Collery and Siegler were filed as Exhibit A to
Amendment No. 5 to the Schedule 13D relating to the US
Facilities Corporation on August 4, 1995 and are hereby
incorporated herein by reference.
<PAGE>
<PAGE> Page 40 of 43 Pages
SCHEDULE A
MEMBERS OF SC FUNDAMENTAL, LLC
The name and present principal occupation or employment
of the Members of SC Fundamental, LLC are set forth below. The
business address of each Member is 712 Fifth Avenue, New York,
New York 10022. All such persons are United States citizens.
<TABLE>
<CAPTION>
=================================================================
Present Principal
Name and Position Occupation or Employment
- -----------------------------------------------------------------
<S> <C>
SC Fundamental Inc. Manager of SC Fundamental, LLC
Corporate Member
- -----------------------------------------------------------------
Gary N. Siegler Principal Member of SC Fundamental,
Principal Member LLC, President of SC Fundamental
Inc., 712 Advisory Services, Inc.
and SC Fundamental BVI, Inc.
- -----------------------------------------------------------------
Peter M. Collery Principal Member of SC Fundamental,
Principal Member LLC, Vice President of SC
Fundamental Inc. and SC Fundamental
BVI, Inc.
- -----------------------------------------------------------------
Neil H. Koffler Employee Member of SC Fundamental,
Employee Member LLC and Vice President, Treasurer
and Secretary of 712 Advisory
Services Inc.
- ----------------------------------------------------------------
Curtis G. Macnguyen Employee Member of SC Fundamental,
Employee Member LLC
=================================================================
/TABLE
<PAGE>
<PAGE> Page 41 of 43 Pages
SCHEDULE B
DIRECTOR AND EXECUTIVE OFFICER OF
THE GARY N. SIEGLER FOUNDATION
The name and present principal occupation or employment
of the director and executive officer of The Gary N. Siegler
Foundation is set forth below. The business address of such
director and executive officer is 712 Fifth Avenue, New York, New
York 10022. Such person is a United States citizen.
Present Principal
Name and Position Occupation or Employment
- ----------------- --------------------------
Gary N. Siegler Principal Member of SC Fundamental,
Director, President, LLC, President of SC Fundamental
Treasurer and Inc., 712 Advisory Services, Inc.
Secretary and SC Fundamental BVI, Inc.
<PAGE>
<PAGE> Page 42 of 43 Pages
SCHEDULE C
DIRECTOR AND EXECUTIVE OFFICERS OF
SC FUNDAMENTAL VALUE BVI, LTD.
The name, address, citizenship and present principal
occupation or employment of the directors and executive officers
of SC Fundamental Value BVI, Ltd. are set forth below. The
business address of such directors and executive officers is c/o
Citco Fund Services (Cayman Islands) Ltd., Corporate Center, West
Bay Road, Grand Cayman, Cayman Islands.
<TABLE>
<CAPTION>
=================================================================
Name, Position and Present Principal
Citizenship Occupation or Employment
- -----------------------------------------------------------------
<S> <C>
Gary N. Siegler Principal Member of SC Fundamental,
Director LLC, President of SC Fundamental
United States Inc., 712 Advisory Services, Inc.
and SC Fundamental BVI, Inc.
- -----------------------------------------------------------------
Bernard Loze Principal of Loze & Associates
Director
France
- -----------------------------------------------------------------
David M. Mills Partner of Withers Solicitors
Director
England
- -----------------------------------------------------------------
Anthony Stocks Director of International Fund
Director Services division of the Citco
England Group
=================================================================
/TABLE
<PAGE>
<PAGE> Page 43 of 43 Pages
SCHEDULE D
PARTNERS OF SC-BVI PARTNERS
The name and position of the general partners of SC-BVI
Partners are set forth below. The business address of each
general partner is 712 Fifth Avenue, New York, New York 10022.
All such persons are Delaware corporations.
Name and Position
- -------------------
SC Fundamental BVI Inc.
Managing General Partner
GNS-BVI, Inc.(5)
Partner
PMC-BVI, Inc.(6)
Partner
- ----------------------------------
(5) Gary N. Siegler is the sole stockholder, officer and
director of GNS-BVI, Inc.
(6) Peter M. Collery is the sole stockholder, officer and
director of PMC-BVI, Inc.
111256
