UNITED STAES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No.1)
VININGS INVESTMENT PROPERTIES TRUST
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(Name of Issuer)
SHARES OF BENEFICIAL INTEREST, without par value
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(Title of Class of Securities)
927428 20 1
(CUSIP Number)
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Peter D. Anzo
President and Chief Executive Officer
Vinings Investment Properties Trust
3111 Paces Mill Road, Suite A-200
Atlanta, GA 30339
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 1, 1998
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(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement of Schedule 13G to report
the acquisition which is the subject of the Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
[ ].
*The remainder of the 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 the
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).
CUSIP No. 927428 20 1 13D
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Martin H. Petersen
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
<PAGE>
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Georgia
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NUMBER OF 7 SOLE VOTING POWER
SHARES 118,570
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 118,570
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10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
118,570 shares of beneficial interest
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.97%
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14 TYPE OF REPORTING PERSON
IN
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Schedule 13D
This Amendment No. 1 to Schedule 13D (the "Amendment") should be read in
conjunction with the Schedule 13D filed with the Securities and Exchange
Commission on August 2, 1996 (the "Schedule 13D") relating to the shares of
beneficial interest, without par value (the "Shares") of Vinings Investment
Properties Trust, a Massachusetts business trust (the "Trust"). This Amendment
amends the Schedule 13D only with respect to those items listed below. All
capitalized terms not otherwise defined shall have the meaning ascribed thereto
in the Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF ISSUER.
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(a) Mr. Petersen beneficially owns 118,570 Shares of the Trust,
representing 10.97% of the issued and outstanding Shares as of the date hereof.
Amounts reported herein include 5,000 Shares of the Trust which Mr. Petersen may
acquire upon the exercise of the stock options within 60 days of the date
hereof. Grants reported herein also include 24,785 Shares beneficially owned by
A&P Investors, Inc. ("A&P") which Mr. Petersen may be deemed to beneficially own
by virtue of his being a director, officer and minority stockholder of A&P. Mr.
Petersen disclaims ownership of all such 24,785 shares and this Schedule 13D
shall not be deemed an admission that Mr. Petersen is the beneficial owner of
such securities.
(b) Mr. Petersen has sole power to vote and dispose of 118,570 Shares of
the Trust.
(c) On July 1, 1998 the Board of Trustees of the Trust awarded Mr. Petersen
7,500 Shares.
(d) Not applicable.
(e) Not applicable.
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.
Date: August 6, 1998 /s/ Martin H. Petersen
-----------------------------------
Martin H. Petersen
