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FORM 3 OMB Approval
U.S. SECURITIES AND EXCHANGE COMMISSION ---------------------------
WASHINGTON, D.C. 20549 OMB Number: 3235-0104
Expires: September 30, 1998
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Estimated average burden
hours per response... 0.5
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting | 2. Date of Event Re- | 4. Issuer Name AND Ticker or Trading Symbol
Person* | quiring Statement | LAS VEGAS DISCOUNT GOLF & TENNIS, INC. (LVDG)
ASI GROUP, L.L.C. | (Month/Day/Year) |------------------------------------------------------------------
- ---------------------------------------| | 5. Relationship of Reporting | 6. If Amendment, Date of
(Last) (First) (Middle) | 10/19/98 | Person(s) to Issuer | Original (Month/Day/Year)
|-------------------------| (Check all applicable) |
3960 Howard Hughes Parkway, Suite 750 | 3. IRS or Social | ___ Director X 10% Owner|-------------------------------
- ---------------------------------------| Security Number | ___ Officer _____ Other | 7. Ind.or Joint/Group Filing
(Street) | of Reporting | (give title (specify | Form filed by:
| Person (Voluntary) | below below) | X One Reporting Person
| | | ___ More than One Reporting
Las Vegas, Nevada 89109 | 34-1875738 | ------------------------ | Person
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(City) (State) (Zip) | TABLE I - NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
|
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1. Title of Security | 2. Amount of Securities | 3. Ownership | 4. Nature of Indirect Beneficial
(Instr. 4) | Beneficially Owned | Form: Direct | Ownership (Instr. 5)
| (Instr. 4) | (D) or Indirect |
| | (I) (Instr. 5) |
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Common Stock, no par value | 2,303,290 | D |
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Reminder: Report on a separate line for each class of securities beneficially owned, directly or indirectly. (Over)
* If the form is filed by more than one reporting person, see Instruction 5(b)(v) SEC 1473 (7-97)
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FORM 3 (CONTINUED)
TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1.Title of Derivative Security | 2.Date Exer- | 3.Title and Amount of Securities | 4.Conver- | 5. Owner- | 6. Nature of Indirect
(Instr. 4) | cisable and | Underlying Derivative Security | sion or | ship | Beneficial
| Expiration | (Instr. 4) | Exercise | Form of | Ownership
| Date | | Price of | Deriv- | (Instr. 5)
| (Month/Day/ | | Deriv- | ative |
| Year) | | ative | Security:|
|---------------|----------------------------------| Security | Direct |
|Date | Expir-| | Amount | | (D) or |
|Exer- | ation | Title | or | | Indirect |
|cisable| Date | | Number | | (I) |
| | | | of | | (Instr. 5) |
| | | | Shares | | |
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Options to Purchase Common | | | Common Stock | 347,975| $1.8392 | D |
Stock | | | | | | |
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Explanation of Responses:
/s/ James Earl Rogers 10/19/98
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**Signature of Reporting Person Date
ASI GROUP, L.L.C. by Sunbelt Communications Company, member
By James Earl Rogers, President
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient,
See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays currently valid OMB Number.
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SEC 1473 (7-97)
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