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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No.: *
Name of Issuer: CEM Corporation
Title of Class of Securities: Common Stock, $.05 par value
CUSIP Number: 125165100
(Name, Address and Telephone Number of Person
Authorized To Receive Notices and Communications)
James Wiggins, Phronesis Partners, L.P., 1580 Fishinger Rd.,
Columbus, Ohio 43221; 614-326-0100
(Date of Event which Requires Filing of this Statement)
January 29, 1998
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 [ ].
Note: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for other
parties to whom copies are to be sent.
*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 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).
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CUSIP No.: 125165100
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
James Wiggins
2. Check the Appropriate Box if a Member of a Group
a.
b.
3. SEC Use Only
4. Source of Funds
WC
5. Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e)
6. Citizenship or Place of Organization
U.S.
Number of Shares Beneficially Owned by Each Reporting Person
With:
7. Sole Voting Power:
152,500
8. Shared Voting Power:
24,200
9. Sole Dispositive Power:
176,700
10. Shared Dispositive Power:
11. Aggregate Amount Beneficially Owned by Each Reporting Person
176,700
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares
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13. Percent of Class Represented by Amount in Row (11)
5.1%
14. Type of Reporting Person
IN
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Item 1. Security and Issuer
The title of the class of equity securities to which
this statement relates is: Common Stock, $.05 par value
(the "Shares"), in CEM Corporation (the "Issuer").
The name and address of the principal executive and
business office of the Issuer is:
CEM Corporation
3100 Smith Farm Road
Matthews, North Carolina 28106
Item 2. Identity and Background
This statement is being filed on behalf of James Wiggins
(the "Reporting Person"). The Reporting Person is the
sole general partner of Phronesis Partners, L.P., a
Delaware limited partnership, and has investment
discretion over Shares held by Microcap Partners, L.P.,
a North Carolina limited partnership (together with
Phronesis Partners, L.P., the "Partnerships"). The
Reporting Person's business address is c/o Phronesis
Partners, L.P., 1580 Fishinger Rd., Columbus, Ohio
43221.
The Reporting Person has not during the last five years,
been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors). The
Reporting Person has not, during the last five years,
been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction which
resulted in a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws
or finding any violations with respect to such laws.
The Reporting Person is a citizen of the United States
of America.
Item 3. Source and Amount of Funds or Other Consideration
As of the date hereof, the Reporting Person is deemed to
beneficially own 176,700 Shares of the Issuer. All
176,700 Shares are held by the Partnerships. The Shares
were purchased for an aggregate purchase price of
$1,999,790.50. The funds for the purchase of the Shares
held in the Partnerships have come from each
Partnership's own funds. No leverage was used to
purchase any Shares.
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Item 4. Purpose of Transactions
The Shares beneficially owned by the Reporting Person
were acquired for, and are being held for, investment
purposes. The Reporting Person has no plan or proposal
which relates to, or would result in, any of the actions
enumerated in Item 4 of the instructions to Schedule
13D.
Item 5. Interest in Securities of Issuer
As of the date hereof, the Reporting Person is deemed to
be the beneficial owner of 176,700 Shares. Based on the
Issuer's filing on Form 10-Q on January 28, 1998, as of
January 19, 1998 there were 3,435,989 Shares in the
Issuer outstanding. Therefore, the Reporting Person is
deemed to beneficially own 5.1% of the outstanding
Shares. The Reporting Person has the sole or shared
power to vote, direct the vote, dispose of or direct the
disposition of all the Shares that he is deemed to
beneficially own. All transactions in the Shares
effected by the Reporting Person since sixty days prior
to January 29, 1998 through the date of this filing were
effected in open-market transactions and are set forth
in Exhibit A hereto.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer
The Reporting Person has not entered into any contract,
arrangement, understanding or relationship with any
person with respect to the Shares.
Item 7. Material to be Filed as Exhibits
A description of the transactions in the Shares
that were effected by the Reporting Person since
sixty days prior to January 29, 1998 through the
date of this filing is filed herewith as Exhibit A.
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Signature
The undersigned, after reasonable inquiry and to
the best of his knowledge and belief, certifies that the
information set forth in this statement is true, complete
and correct.
/s/ James Wiggins
________________________________
James Wiggins
February 9, 1998
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00532001.AF5
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Exhibit A
SCHEDULE OF TRANSACTIONS
Date Shares Purchased Price Per Share
____ ________________ _______________
12/16/97 1,800 $11.08389
12/18/97 2,000 11.06
12/19/97 2,000 11.06
12/24/97 1,000 11
12/29/97 2,000 10.8875
12/30/97 1,000 11.06
1/20/98 400 10.25
1/21/98 2,000 10.555
1/22/98 2,000 10.946
1/28/98 2,000 10.7625
1/29/98 5,000 11.085
1/29/98 3,000 11.0083
00532001.AF5
