SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. )*
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 12, 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: x . (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: Herbert Berman
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) (b) x
3. (SEC USE ONLY)
4. SOURCE OF FUNDS: PF
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: 313,600
8. SHARED VOTING POWER: -0-
9. SOLE DISPOSITIVE POWER: 313,600
10. SHARED DISPOSITIVE POWER: -0-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON: 313,600
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: Yes x No
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
5.7%
14. TYPE OF REPORTING PERSON: IN
<PAGE>
ITEM 1. SECURITY AND ISSUER
The title of the class of the equity securities to
which this Schedule 13D relates is 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 Herbert
Berman (the "Reporting Person").
(b) The principal business address of the
Reporting Person is located at 405 Lexington Avenue, New
York, New York 10174.
(c) The Reporting Person is Of Counsel to the law
firm of Tenzer Greenblatt LLP, having a principal place of
business at the address set forth in Item 2(b).
(d) and (e) During the last five years, the
Reporting Person has neither (i) been convicted in a
criminal proceeding (excluding traffic violations or similar
misdemeanors), nor (ii) been a party to a civil proceeding
of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was 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 of such laws.
(f) U.S. citizen.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The Reporting Person purchased, on an individual
basis, on December 12 and December 14, 1995, an aggregate of
100,000 shares of Common Stock, from two individuals on a
private placement basis, for an aggregate purchase price of
$102,400.58, as more specifically described in Item 5(c)
below.
The Reporting Person and the following persons, as
a group, purchased an aggregate of 615,000 shares of Common
Stock. Each of the parties identified, although acting as a
group in acquiring the shares, except as disclosed herein,
disclaims acting as a group in holding or disposing of such
shares and disclaims "beneficial ownership" in the shares of
each of such persons (other than himself or herself). In
addition, it is Reporting Person's belief that each member
of the group is filing a Schedule 13D on an individual
basis.
Members of Group
----------------
Edward N. Epstein
Bert Sager
Ronald J. Manganiello
Stephen A. Ollendorff
Paula Berliner
ITEM 4. PURPOSE OF TRANSACTION
The Reporting Person purchased the 100,000 shares
of Common Stock for the purpose of investment and to
encourage the present management to carry out its program to
enhance shareholder value.
The Reporting Person has no plans or proposals
which relate to or that would result in any of the actions
specified in clauses (a) through (j) of Item 4 of Schedule
13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As of December 21, 1995, the Reporting Person
beneficially owned 313,600 shares of Common Stock,
representing approximately 5.7% of the shares of Common
Stock outstanding as of that date.
(b) The Reporting Person has sole voting and
investment power of 313,600 shares of Common Stock bene-
ficially owned by him.
(c) On December 12, 1995, the Reporting Person
purchased 81,301 shares of restricted Common Stock of the
Company, from an individual, on a private placement basis,
for a purchase price of $86,093.
On December 14, 1995, the Reporting Person
purchased 18,699 shares of restricted Common Stock of the
Company, from an individual, on a private placement basis,
for a purchase price of $16,307.58.
(d) No person other than the Reporting Person is
known to have the right to receive or the power to direct
the receipt of dividends from, or the proceeds of the sale
of the 313,600 shares of Common Stock directly owned by the
Reporting Person.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE
ISSUER
Not applicable.
ITEM 7. MATERIALS TO BE FILED AS AN EXHIBIT
Not applicable.
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
Herbert Berman
---------------------------
HERBERT BERMAN
