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OMB APPROVAL
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OMB NUMBER 3235-0287
EXPIRES: SEPTEMBER 30, 1998
ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE 0.5
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FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
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/ / CHECK THIS BOX IF NO STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
LONGER SUBJECT TO FILED PURSUANT TO SECTION 16(A) OF THE SECURITIES
SECTION 16. FORM 4 EXCHANGE ACT OF 1934, SECTION 17(A) OF THE PUBLIC
OR FORM 5 OBLIGATIONS UTILITY HOLDING COMPANY ACT OF 1935 OR SECTION 30(F)
MAY CONTINUE. OF THE INVESTMENT COMPANY ACT OF 1940
SEE INSTRUCTION 1(b).
(PRINT OR TYPE RESPONSES)
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1. Name and Address 2. Issuer Name and 6. Relationship of Reporting
of Reporting Ticker or Trading Person(s) to Issuer
Person* Symbol (Check all applicable)
ASA International _X_ Director _____ 100% Owner
Ltd. (ASAA) ___ Officer _____ Other
(give title (specify below)
below
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(Last)(First) (Middle) 3. IRS Identification 4. Statement for Month/Year
Number of Reporting
Klitzner Alan J. Person, if an entity July, 1998
(Voluntary)
(Street)
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9 Oak Drive
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(City) (State) (Zip)
Lincoln Rhode Island 02865
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5. If Amendment, Date of Original 7. Individual or Joint/Group Filing (Check
(Month/Year) Applicable Line)
_X__ Form filed by One Reporting Person
____ Form filed by More than One
Reporting Person
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<TABLE>
<CAPTION>
TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED
OF, OR BENEFICIALLY OWNED
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1. Title of 2. Transaction Date 3. (Transaction 4. Securities Acquired 5. Amount of 6. Ownership Form: 7. Nature of
Security (Month/Day/Year) Code (A) or Disposed of Securities (Direct D) Indirect
(Instr. 3) (Instr. 8) (D)(Instr. 3, 4 and 5) Beneficially or Indirect (I) Beneficial
Owned at End (Instr. 4) Ownership
of Month (Instr. 4)
(Instr. 3 and 4)
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(A)
or
Code V Amount (D) Price
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
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No Change
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Reminder: Report on a separate line for each class of securities benefically owned, directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
</TABLE>
<PAGE>
FORM 4 (continued) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR
BENEFICIALLY OWNED (E.G., PUTS, CALLS,
WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<TABLE>
<CAPTION>
1. Title of 2. Conversion 3. Transaction 4. Transaction 5. Number of 6. Date
Derivative or Exercise Date Code Derivative Exercisable
Security Price of (Month/Day/ (Instr. 8) Securities and Expira-
(Instr. 3) Derivative Year) Acquired tion Date
Security (A) or (Month/Day/
Disposed of Year)
(D) (Instr. 3,
4 and 5)
Code V (A) (D) Date Expiration
Exercisable Date
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Option to Purchase $1.97 7/29/98 J* 10,000 7/29/98* 7/21/03*
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</TABLE>
<TABLE>
<CAPTION>
7. Title and Amount 8. Price of 9. Number of Derivative 10. Ownership Form 11. Nature of
of Underlying Derivative Securities Beneficially of Derivative Indirect
Securities Security Owned at End of Month Security Beneficial
(Instr. 3 and 4) (Instr. 5) (Instr. 4) Direct: (D) or Ownership
Indirect (I) (Instr. 4)
(Title) Amount or (Instr. 4)
Number
of Shares
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<S> <C> <C> <C> <C> <C>
Common Stock 10,000 D
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Explanation of Responses:
*Grant to reporting person of option to buy 10,000 shares of Common Stock, exercisable as follows:
7/29/98 - 7/28/99, 2,000 shares; 7/29/99 - 7/28/000, 4,000 shares; 7/29/00 - 7/28/01, 6,000 shares;
7/29/01 - 7/28/02, 8,000 shares; 7/29/02 - 7/28/08, 10,000 shares
_______________________________________ ___________________
** Intentional misstatements or omissions of ** Signature of Reporting Person Date
facts constitute Federal Criminal Violations. Alan J. Klitzner
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 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 a currently
valid OMB Number.
</TABLE>
