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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)*
USA Talks.com, Inc.
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(Name of Issuer)
Common Stock, Par Value $.001
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(Title of Class of Securities)
90332H102
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(CUSIP Number)
December 31, 1998
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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
/ / Rule 13d - 1(b)
/ / Rule 13d - 1(c)
/X/ 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 disclosure
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 1 of 5 pages
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CUSIP NO. 13G Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S. S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Allen J. Portnoy
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
1,134,428 (Does not include affiliates)
NUMBER OF ----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY ----------------------------------------------------
BY EACH 7 SOLE DISPOSITIVE POWER
REPORTING 1,134,428 (Does not include affiliates)
PERSON
WITH ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,134,428 (Does not include affiliates)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
/ /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.98%
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12 TYPE OF REPORTING PERSON *
IN
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*SEE INSTRUCTION BEFORE FILING OUT!
Page 2 of 5 pages
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Schedule 13G (cont.)
ITEM 1.
(a) Name of Issuer: _USA Talks.com, Inc_________________________
(b) Address of Issuer's Principal Executive Offices: ________________
4180 La Jolla Village Dr., Suite 570, La Jolla, CA 92037
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ITEM 2.
(a) Name of Person Filing: Allen J. Portnoy
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(b) Address of Principal Business Office or, if none, Residence:
4180 La Jolla Village Dr., Suite 570
La Jolla, CA 92037
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(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock, $ .001 par value
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(e) CUSIP Number: 90332H102
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ITEM 3. STATUS OF PERSON FILING:
N/A
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ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned: 1,134,428 (Does not include
affiliates)shares
(b) Percent of Class: 5.98%
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 1,134,428
shares ----------------
(ii) shared power to vote or to direct the vote: 0
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(iii) sole power to dispose or to direct the disposition of:
1,134,428 shares
(iv) shared power to dispose or to direct the disposition of:
0 shares
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Page 3 of 5 pages
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Schedule 13G (cont.)
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following: / /
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not Applicable
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
(a) Not Applicable.
(b) By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control
of the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that effect.
Page 4 of 5 pages
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Schedule 13G (cont.)
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.
2/12/1999
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Date
/s/ Allen J. Portnoy
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Signature
Allen J. Portnoy, CEO
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Name/Title
Page 5 of 5 pages
