SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)*
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: June 17, 1996
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: Bert Sager
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: 351,500
8. SHARED VOTING POWER: 41,825
9. SOLE DISPOSITIVE POWER: 351,500
10. SHARED DISPOSITIVE POWER: 41,825
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON: 393,325
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):
7.0%
14. TYPE OF REPORTING PERSON: IN
<PAGE>
ITEM 1. SECURITY AND ISSUER
This Amendment No. 1, amends and supplements the
Schedule 13D, dated December 21, 1995, of Bert Sager 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 Bert
Sager (the "Reporting Person").
(b) The principal business address of the
Reporting Person is located at 6129 S.W. 70th Street, So.
Miami, Florida 33143
(c) The Reporting Person is an attorney having a
principal place of business at the address set forth in Item
2(b). The Reporting Person is a Co-Chairman and Director of
the Company.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The Reporting Person and the following persons
reported purchases in their prior individual filings, as a
group, and accordingly are reporting the aggregate purchase
by the group during the last 60 days of 133,100 shares of
Common Stock. The Reporting Person did not, on an
individual basis, purchase any additional shares of Common
Stock. Each of the parties identified, 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
Herbert Berman
Ronald J. Manganiello
Stephen A. Ollendorff
Paula Berliner
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: June 25, 1996
Bert Sager
--------------------------
BERT SAGER
