UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
BARRISTER INFORMATION SYSTEMS CORPORATION
_________________________________________________________________
(Name of Issuer)
Common Stock - $.24 Par Value per share
_________________________________________________________________
(Title of Class of Securities
06859-20-0
____________________________
(CUSIP Number)
Brent D. Baird
1350 One M&T Plaza
Buffalo, New York 14203 (Phone: (716) 849-1484)
_________________________________________________________________
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
MARCH 20, 1998
_______________________
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this
Schedule 13D, and is filing this schedule because of Rule 13d-
1(b)(3) or (4), check the following box __.
*The remainder of this cover page shall be filed 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 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).
<PAGE>
SCHEDULE 13D
CUSIP NO. 06859-20-0
1. Name of Reporting Person
SS or Identification No. of above person (optional)
First Carolina Investors, Inc.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)___
(b)_X_
3. SEC USE ONLY
4. SOURCE OF FUNDS*
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ____
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES 7. SOLE VOTING POWER
BENEFICIALLY OWNED 1,598,100
BY EACH REPORTING
PERSON WITH 8. SHARED VOTING POWER
-0-
9. SOLE DISPOSITIVE POWER
1,598,100
10. SHARED DISPOSITIVE POWER
-0-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,598,100
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* ____
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.450%
14. TYPE OF REPORTING PERSON*
CO, IV
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
ITEM 1. SECURITY AND ISSUER.
(a) Title and Class of Security:
Barrister Information Systems Corporation (the "Issuer")
Common Stock, $.24 Par Value per
share ("the Shares")
(b) Name of Issuer and Address of Issuer's Principal
Executive Offices:
Barrister Information Systems Corporation
465 Main Street
Buffalo, New York 14203
ITEM 2. IDENTITY AND BACKGROUND.
FIRST CAROLINA INVESTORS, INC.
State of organization: Delaware
Principal Business: Closed-end non-diversified
management investment company
Address: 1130 East 3rd St., Suite 410
Charlotte, North Carolina 28204
Directors: H. Thomas Webb, III
Brent D. Baird
Bruce C. Baird
Patrick W.E. Hodgson
Theodore E. Dann, Jr.
Executive H. Thomas Webb, III - President
Officers: Brent D. Baird - Chairman of the Board
Bruce C. Baird - Vice President
Secretary
Treasurer
(d) No
(e) No
Information on Individual Directors and Executive Officers
pursuant to Instruction C:
(a) H. Thomas Webb, III
(b) 1130 East 3rd St., Suite 410, Charlotte, NC 28204
(c) President of First Carolina Investors, Inc.
(d) No
(e) No
(f) U.S.A.
(a) Brent D. Baird
(b) 17 Tudor Place, Buffalo, New York 14222
(c) Private Investor,
1350 One M&T Plaza, Buffalo, New York 14203
(d) No
(e) No
(f) U.S.A.
(a) Bruce C. Baird
(b) 331 Lincoln Parkway, Buffalo, New York 14216
(c) President, Belmont Management Co., Inc.
215 Broadway, Buffalo, New York 14204
(d) No
(e) No
(f) U.S.A.
(a) Patrick W.E. Hodgson
(b) 60 Bedford Road, Toronto,
Ontario M5R 2K2
(c) President, Cinnamon Investments Limited,
60 Bedford Road, Toronto, Ontario M5R 2K2
(d) No
(e) No
(f) Canada
(a) Theodore E. Dann, Jr.
(b) 540 Mill Road, East Aurora, New York 14052
(c) President, Buffalo Technologies Corp.
750 East Ferry, Buffalo, New York 14211
(d) No
(e) No
(f) U.S.A.
ITEM 3. SOURCE AND AMOUNT OF FUNDS.
The source of funds used for the purchase of Shares by First
Carolina Investors, Inc. was its working capital. First Carolina
Investors, Inc. did not borrow any funds to acquire the Shares.
The amount of funds paid for the Shares by First Carolina
Investors, Inc. was approximately $799,050.
ITEM 4. PURPOSE OF TRANSACTION.
The Shares have been acquired by the Reporting Person for
investment purposes. The Reporting Person intends to continue to
evaluate its investment in the Shares. The Reporting Person may
make additional purchases or may sell the Shares in open market
or in private negotiated transactions. Any such purchase or sale
will depend upon its evaluation of its investment, upon the
amounts and prices of available Shares, and upon other relevant
circumstances.
Henry T. Semmelhack, the Chairman, President and Chief Executive
Officer of the Issuer, has asked Brent D. Baird, Chairman of the
Reporting Person, whether he would be wiling to serve as a member
of the Board of Directors of the Issuer. Mr. Baird indicated to
Mr. Semmelhack that he would be willing to serve, if elected, as
a member of the Board of Directors of the Issuer.
Except as previously described, the Reporting Person has no plans
or proposals which relate to or would result in:
(a) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries;
(b) A sale or transfer of a material amount of assets of the
Issuer or any of its subsidiaries;
(c) Any change in the present board of directors or management of
the Issuer, including any plans or proposals to change the number
or term of directors or to fill any existing vacancies on the
board;
(d) Any material change in the present capitalization or
dividend policy of the Issuer;
(e) Any other material change in the Issuer's business or
corporate structure;
(f) Changes in the Issuer's charter, bylaws or instruments
corresponding thereto or other actions which may impede the
acquisition of control of the Issuer by any person;
(g) Causing a class of securities of the Issuer to be delisted
from a national securities exchange or to cease to be authorized
to be quoted in an inter-dealer quotation system of a registered
national securities association;
(h) A class of equity securities of the Issuer becoming eligible
for termination of registration pursuant to Section 12(g)(4) of
the Act; or
(i) Any action similar to any of those enumerated
above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The Reporting Person hereby reports beneficial
ownership, in the manner hereinafter described, of
1,598,100 Shares of the Issuer:
<TABLE>
<CAPTION>
Percentage of
Number Of Outstanding
Shares Held in the Name of Shares Security (1)
<S> <C> <C>
First Carolina Investors, 1,598,100 19.450%
Inc.
</TABLE>
(1) The foregoing percentage assumes that the number of
Shares of the Issuer outstanding is 8,216,364 Shares. In
the Issuer's Form 10-Q for the quarter ended December 26,
1997, the Issuer reported that the number of Shares
outstanding as of January 23, 1998 is 8,216,364 Shares.
(b) The Reporting Person has sole voting and sole dispositive
power over the Shares enumerated in paragraph (a).
(c) The following purchase of the Shares was effected during
the past sixty days:
On March 20, 1998, First Carolina Investors, Inc.
purchased 1,598,100 Shares for a purchase price of $.50
per share in a private transaction.
(d) Not applicable
(e) Not applicable
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
not applicable
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
not applicable
<PAGE>
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.
DATED this 26th day of March, 1998.
First Carolina Investors, Inc.
By: s/Brent D. Baird
Brent D. Baird, Chairman
