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: 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: 325,600
8. SHARED VOTING POWER: -0-
9. SOLE DISPOSITIVE POWER: 325,600
10. SHARED DISPOSITIVE POWER: -0-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON: 325,600
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):
5.9%
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 Herbert Berman
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 Amendment No. 1 to 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).
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The Reporting Person purchased, on an individual
basis, on June 18 and 19, 1996, an aggregate of 12,000
shares of Common Stock, for an aggregate purchase price of
$34,250.
The Reporting Person and the following persons
reported purchases in their prior invidual 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. 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
Bert Sager
Ronald J. Manganiello
Stephen A. Ollendorff
Paula Berliner
ITEM 4. PURPOSE OF TRANSACTION
The Reporting Person purchased the 12,000 shares
of Common Stock for the purpose of investment and to
encourage the present management to carry out its program to
enhance shareholder value.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As of June 25, 1996, the Reporting Person
beneficially owned 325,600 shares of Common Stock,
representing approximately 5.9% of the shares of Common
Stock outstanding as of that date.
(b) The Reporting Person has sole voting and
investment power of 325,600 shares of Common Stock bene-
ficially owned by him.
(c) On June 18 and 19, 1996, the Reporting Person
purchased 12,000 shares of Common Stock of the Company, in
open market transactions, for a purchase price of $34,250.
(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 325,600 shares of Common Stock directly owned by the
Reporting Person.
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
Herbert Berman
---------------------------
HERBERT BERMAN
