SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)
The Z-Seven Fund, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
988789103
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(CUSIP Number)
Margaret Bancroft, Dechert Price & Rhoads,
30 Rockefeller Plaza, New York, N.Y. 10112
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
September 23, 1999
---------------------------------
(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 |_|.
Page 1 of 3
<PAGE>
SCHEDULE 13D
CUSIP No. 988789103 Page 2 of 5 Pages
_______________________________________________________________________________
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
(I) Agape Co., S.A.
(II) Unity, N.V. 98-0048,287
(III) John M. Templeton
_______________________________________________________________________________
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
_______________________________________________________________________________
3) SEC USE ONLY
_______________________________________________________________________________
4) SOURCE OF FUNDS*
WC, PF, OO (Securities and Cash)
_______________________________________________________________________________
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_______________________________________________________________________________
6) CITIZENSHIP OR PLACE OF ORGANIZATION
(I) Panamanian Corporation
(II) Netherlands Antilles Corporation
(III) United Kingdom
_______________________________________________________________________________
NUMBER 7) SOLE VOTING POWER
OF
SHARES _____________________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY (I) & (III) 644,728; (II) & (III) 0
EACH _____________________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON
WITH _____________________________________________________________
10) SHARED DISPOSITIVE POWER
(I) & (III) 644,728; (II) & (III) 0
_______________________________________________________________________________
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
(I) & (III) 644,728
(II) & (III) 0
_______________________________________________________________________________
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
_______________________________________________________________________________
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
(I) & (III) 26.5%
(II)& (III) 0.0%
_______________________________________________________________________________
14) TYPE OF REPORTING PERSON*
(I) CO
(II) CO
(III) (IN)
_______________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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<PAGE>
This Amendment No. 5 amends and supplements information in Item 5.
Item 5. INTEREST IN SECURITIES OF THE ISSUER
(a) The Fund's quarterly report for the quarter ended June 30, 1999 (as
filed with the Securities and Exchange Commission on August 30, 1999), states
that, as of the close of business on June 30, 1999, there were 2,431,531 shares
of Common Stock outstanding. The percentages set forth in this Item 5(a) were
derived using such number.
Agape Co., S. A. 644,728; 26.5%
Unity, N.V. 0; 0.0%
(c) During the last sixty days, the following shares of Common Stock
were sold by Agape Co., S.A.
Date Number of Shares Price Per Share
---- ---------------- ---------------
9/23/99 25,000 7.112
During the last sixty days, the following shares of Common Stock
were disposed of as a gift by Agape Co., S.A.
Date Number of Shares Price Per Share
---- ---------------- ---------------
9/2/99 3,482 0.00
Signature
After reasonable inquiry and to the best knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: September 30, 1999 Agape Co., S.A., by John M.
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Templeton, President*
Unity, N.V., by John M. Templeton,
President*
John M. Templeton, Individually
As indirect beneficial owner*
*BY: /s/ Margaret Bancroft
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Margaret Bancroft, Attorney-in-Fact
Page 3 of 3
