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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
VININGS INVESTMENT PROP TR
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(NAME OF ISSUER)
COMMON STOCK
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(TITLE OF CLASS OF SECURITIES)
927428201
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(CUSIP NUMBER)
MAY 27, 1999
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(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)
CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS
SCHEDULE IS FILED:
{X} RULE 13D-1(b)
{ } RULE 13D-1(c)
{ } RULE 13D-1(d)
* 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
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).
PAGE 1 OF 4
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CUSIP NO. 927428201 SCHEDULE 13G PAGE 2 OF 4
(1) NAME AND IRS NUMBER OF REPORTING PERSONS
FINANCIAL & INVESTMENT MANAGEMENT GROUP, LTD (#38-2562340)
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
A..........{ }
B..........{ }
(3) SEC USE ONLY
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
MICHIGAN
NUMBER OF SHARES OF:
(5) SOLE VOTING POWER
NONE
(6) SHARED VOTING POWER
318,558
(7) SOLE DISPOSITIVE POWER
NONE
(8) SHARED DISPOSITIVE POWER
318,558
(9) AGGREGATE AMOUNT BENEFICAILLY OWNED
318,558
(10) CHECK IF AGGREGATE AMOUNT EXCEEDS CERTAIN SHARES
{ }
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
28.93
(12) TYPE OF PERSON REPORTING
IA
(14) CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO FILING
{X} RULE 13D-1(b)
{ } RULE 13D-1(c)
{ } RULE 13D-1(d)
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CUSIP 927428201 SCHEDULE 13G PAGE 3 OF 4
ITEM 1(a) NAME OF ISSUER
VININGS INVESTMENT PROP TR
ITEM 1(b) ADDRESS OF ISSUER
3111 PACES MILL RD
SUITE A200
ATLANTA, GA 30339-5704
ITEM 2(a) NAME OF PERSON FILING
FINANCIAL & INVESTMENT MANAGEMENT GROUP, LTD
ITEM 2(b) ADDRESS OF PERSON FILING
417 ST JOSEPH ST.
PO BOX 40
SUTTONS BAY, MI 49682
ITEM 2(c) CITIZENSHIP
MICHIGAN
ITEM 2(d) TITLE OF CLASS OF SECURITIES
COMMON STOCK
ITEM 2(e) CUSIP NO.
927428201
ITEM 3 THIS STATEMENT IS BEING FILED BY AN INVESTMENT ADVISOR IN
ACCORDANCE WITH RULE 13D-1(b)(1)(ii)(e)
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CUSIP 927428201 SCHEDULE 13G PAGE 4 OF 4
OWNERSHIP
ITEM 4(a) AMOUNT BENEFICIALLY OWNED
318,558 * SEE NOTE 1 *
ITEM 4(b) PERCENT OF CLASS
28.94
ITEM 4(c) NUMBER OF SHARES
(i) SOLE POWER TO VOTE
NONE
(ii) SHARED POWER TO VOTE
318,558
(iii) SOLE POWER TO DISPOSE
NONE
(iv) SHARED POWER TO DISPOSE
318,558
* NOTE 1 -
Financial & Investment Management Group, Ltd. is a registered investment
advisor, managing individual client accounts. All shares represented
in
this report are held in accounts owned by the clients of Financial &
Investment Management Group, Ltd. Because of this, Financial &
Investment Management Group, Ltd. disclaims beneficial ownership.
ITEM (5) OWNERSHIP OF LESS THAN FIVE PERCENT
CHECK THE FOLLOWING BOX IF THE STATEMENT IS BEING FILED TO NOTIFY
THAT THE OWNERSHIP IS NOW LESS THAN FIVE PERCENT
{ }
ITEM (6) OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
ALL SHARES REPRESENTED IN THIS REPORT ARE OWNED BY ADVISORY
CLIENTS OF FINANCIAL & INVESTMENT MANAGEMENT GROUP, LTD, NONE OF
WHICH, TO OUR KNOWLEDGE, OWNS FIVE PERCENT OR MORE OF THE CLASS
ITEM (7) IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY:
NOT APPLICABLE
ITEM (8) IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
NOT APPLICABLE
ITEM (9) NOTICE OF DISSOLUTION OF THE GROUP
NOT APPLICABLE
ITEM (10) CERTIFICATION
By signing below, I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired
in
the connection with or as a participant in any transaction having
such purposes or effect.
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.
June 3, 1999
Paul H. Sutherland
President
