SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
DISCUS ACQUISITION CORPORATION
(Name of Issuer)
Common Stock
(Title of Class of Securities)
254680-10-1
(CUSIP Number)
Check the following box if a fee is being paid with this statement [X].
(A fee is not required only if the filing 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.)
*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 the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be 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).
CUSIP No. 254680-10-1
1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos.
of Above Persons
William H. Spell
###-##-####
2) Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [ ]
3) SEC Use only
4) Citizenship or Place of Organization
U.S.A.
Number 5) Sole Voting Power
of
Shares 351,817
Beneficially
Owned 6) Shared Voting Power
by
Each 0
Reporting
Person 7) Sole Dispositive Power
With
351,817
8) Shared Dispositive Power
0
9) Aggregate Amount Beneficially Owned by Each Reporting Person
351,817
10) Check if the Aggregate Amount in Row (9) Excludes Certain
Shares* [ ]
11) Percent of Class Represented by Amount in Row 9
7.1
12) Type of Reporting Person*
IN
* See Instructions
Item 1(a). Name of Issuer
Discus Acquisition Corporation
Item 1(b). Address of Issuer's Principal Executive Offices
2430 Metropolitan Centre
333 South Seventh Street
Minneapolis, MN 55402
Item 2(a). Name of Person Filing
William H. Spell
Item 2(b). Address of Principal Business Office or, if None, Residence
2430 Metropolitan Centre
333 South Seventh Street
Minneapolis, MN 55402
Item 2(c). Citizenship
U.S.A.
Item 2(d). Title of Class of Securities
Common Stock
Item 2(e). CUSIP No.
254680-10-1
Item 4. Ownership
(a) Amount Beneficially Owned
351,817
(b) Percent of Class
7.1
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
351,817
(ii) shared power to vote or to direct the vote
0
(iii) sole power to dispose or to direct the disposition of
351,817
(iv) shared power to dispose or to direct the disposition of
0
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 8, 1996
Date
/s/ William H. Spell
Signature
William H. Spell, Chief Executive Officer
Name/Title