UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Kings Road Entertainment, Inc.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
496162 20 7
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(CUSIP NUMBER)
Phillip Cook, President
1901 Avenue of the Stars
Los Angeles, California 90067
(310) 552-0057
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
January 7, 1999 and February 12, 1999
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(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 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.
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SCHEDULE 13D/A
CUSIP NO. 496162 20 7
1. Name of Reporting Person;
S.S. or I.R.S. Identification No. of Above Person
FAB Capital Corporation
I.D. No.:
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
3. SEC Use Only .................................................
4. Source of Funds: OO
5. Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) ............................[ ]
6. Citizenship or Place of Organization: Idaho
Number of 7. Sole Voting Power: 732,680
Shares
Beneficially 8. Shared Voting Power: 0
Owned By 9. Sole Dispositive Power: 732,680
Each Reporting
Person With 10. Shared Dispositive Power: 0
11. Aggregate Amount Beneficially Owned by Each Reporting
Person: 732,680 Shares
12. Check if the Aggregate Amount in Row 11 Excludes
Certain Shares (See Instructions) ........................[ ]
13. Percent of Class Represented by Amount In Row 11:
21.6%
14. Type of Reporting Person: CO
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The original Statement on Schedule 13D, dated November 13, 1998, filed
jointly by various parties including FAB Capital Corporation ("FAB"), relating
to their beneficial ownership of the common stock, $.01 par value ("Common
Stock"), of Kings Road Entertainment, Inc. (the "Company"), is amended by this
Amendment No. 1, filed individually by FAB, as set forth below.
Item 3. Source and Amount of Funds
Effective January 7, 1999 and February 12, 1999, FAB transferred privately,
respectively, 300,000 and 50,000 restricted shares of Common Stock which FAB had
acquired on November 9, 1998. RAS has become a wholly-owned subsidiary of FAB
and has changed its name to FAB Securities of America, Inc.
Item 5. Interest in Securities of the Issuer
As a result of the transactions described in Item 3, above, FAB
beneficially owns 732,680 shares of Common Stock (21.6% of the outstanding).
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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 15, 1999
FAB CAPITAL CORPORATION
By:/s/ Phillip Cook
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Phillip Cook,
Chairman and
Chief Executive Officer
