Securities and Exchange Commission
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Amendment No. 2
Name of Issuer - M.S. Carriers, Inc.
Title of Class of Securities - Common Stock
CUSIP Number - 553533 10 0
Check the following box if a fee is being paid with this statement. ___
(A fee is not required only if the filing person: (1) has a previous
statement on file reporting beneficial ownership of more than five
percent of the class of securities described in Item 1; and (2) has filed
no amendment subsequent thereto reporting beneficial ownership of five
percent or less of such class.) (See Rule 13d-7.)
* 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 disclosures provided in a prior cover page.
The information required in the remainder of the cover page shall not be
deemed to be "filed" for purposes 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. Name of Person Reporting - Michael S. Starnes
Social Security Number of Reporting Person - ###-##-####
2. Check The Appropriate Box If A Member of a Group (a) ___
(b) ___
3. SEC USE ONLY
4. Citizenship Or Place of Organization - United States
Number of Shares | 5. Sole Voting Power - 3,104,913
|
Beneficially Owned By | 6. Shared Voting Power - 0
|
Each Reporting | 7. Sole Dispositive Power - 3,104,913
|
Person With | 8. Shared Dispositive Power - 0
9. Aggregate Amount Beneficially Owned By Each Reporting Person - 3,104,913
10. Check Box If The Aggregate Amount In Row (9)
Excludes Certain Shares ____
11. Percent Of Class Represented By Amount in Row 9 - 25.4%
12. Type of Reporting Person - IN
<PAGE>
Item 1(a) - Name of Issuer - M.S. Carriers, Inc.
Item 1(b) - Address of Issuer's Principal Executive Offices:
3171 Directors Row, Memphis, Tennessee 38116
Item 2(a) - Name of Person Filing: Michael S. Starnes
Item 2(b) - Address of Principal Business Office:
3171 Directors Row, Memphis, Tennessee 38116
Item 2(c) - Citizenship: United States
Item 2(d) - Title of Class of Securities: Common Stock
Item 2(e) - CUSIP Number: 553533 10 0
Item 3 - If this statement is filed pursuant to Rules 13d-1(b) or
13d-2(b), check whether the person filing is a:
Not applicable
Item 4 - Ownership
(a) Amount Beneficially Owned: 3,104,913 shares
(b) Percent of Class: 25.4%
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote:
3,104,913
(ii) shared power to vote or to direct the vote:
0
(iii) sole power to dispose or to direct the disposition of:
3,104,913
(iv) shared power to dispose or to direct the disposition of:
0
<PAGE>
Item 5 - Ownership of Five Percent or Less of a Class:
Not Applicable
Item 6 - Ownership of More than Five Percent on Behalf of Another Person:
Not Applicable
Item 7 - Identification and Classification of 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 Group:
Not Applicable
Item 10 - Certification
Not Applicable
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.
Date: APRIL 20, 1998
Michael S. Starnes
MICHAEL S. STARNES
