SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)*
NAME OF ISSUER: ACORN VENTURE CAPITAL CORPORATION
TITLE OF CLASS OF SECURITIES: Common Stock
CUSIP NUMBER: 004907101000
NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED
TO RECEIVE NOTICES AND COMMUNICATIONS:
Marian E. Gustafson
100 Park Avenue, 23rd Floor
New York, New York 10017
(212) 481-9500
DATE OF EVENT WHICH REQUIRES FILING: December 14, 1995
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the subject
of this 13D, and is filing this schedule because of Rule
13d-1(b)(3) or (4), check the following box: ______
Check the following box if a fee is being paid with the
statement: . (A fee is not required only if the
reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has
filed no amendment subsequent thereto reporting beneficial
ownership of five percent or less of such class.) (See Rule
13d-7.)
Note: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for
other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect
to the subject class of securities, and for any subsequent
amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page
shall be note deemed to be "filed for the purpose of Section
18 of the Securities Exchange Act of 1934 ("Act") or
otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act
(however, see the Notes).
<PAGE>
CUSIP NO.: 004907101000
1. NAME OF REPORTING PERSON: Franklin N. Wolf
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) (b)
3. (SEC USE ONLY)
4. SOURCE OF FUNDS:
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e):
Yes No
6. CITIZENSHIP OR PLACE OF ORGANIZATION: U.S.
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 BY EACH REPORTING
PERSON: -0-
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: Yes No x
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
-0-
14. TYPE OF REPORTING PERSON: IN
<PAGE>
ITEM 1. SECURITY AND ISSUER
This Amendment No. 2 amends and supplements the
Schedule 13D dated July 14, 1993 of Franklin N. Wolf with
respect to the Common Stock, $.01 par value (the "Common
Stock"), of Acorn Venture Capital Corporation, a Delaware
corporation (the "Company"). The principal executive offices
of the Company are located at 522 Park Street, Jacksonville,
Florida 32204.
ITEM 2. IDENTITY AND BACKGROUND
(a) This Schedule 13D is being filed by Franklin
N. Wolf (the "Reporting Person").
(b) The principal business address of the
Reporting Person is located at Village Road, New Vernon, New
Jersey 07976.
(c) The Reporting Person is President of Wolf
Financial Group, D.I.P., having a principal place of
business at the address set forth in Item 2(b).
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(e) This Amendment No. 2 to Schedule 13D is being
filed to report the fact that as of December 14, 1995 the
Reporting Person ceased to be the beneficial owner of more
than five percent of the securities described.
SIGNATURE
After reasonable inquiry and to the best of the
undersigned's knowledge and belief, the undersigned
certifies that the information set forth in this Schedule
13D is true, complete and correct.
Dated: December 21, 1995
Franklin N. Wolf
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FRANKLIN N. WOLF
