SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
____________________________
SCHEDULE 13G
(Rule 13d-2)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 OR 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 9)[superscript 1]
Southern Electronics Corporation
(Name of Issuer)
Common Stock, $.01 par value
(Title of Class of Securities)
842811 10 1
(CUSIP Number)
1 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 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).
CUSIP No. 842811 10 1 13G Page 2 of 6 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gerald Diamond
###-##-####
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [box]
(b) [box]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
5. SOLE VOTING POWER
954,328
6. SHARED VOTING POWER
36,000
7. SOLE DISPOSITIVE POWER
954,328
8. SHARED DISPOSITIVE POWER
36,000
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
990,328
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [box]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.9%
12. TYPE OF REPORTING PERSON
IN
<PAGE>
Item 1(a). Name of Issuer:
Southern Electronics Corporation
Item 1(b). Address of Issuer's Principal Executive Offices
4916 North Royal Atlanta Drive
Atlanta, Georgia 30085
Item 2(a). Name of Person Filing:
Gerald Diamond
Item 2(b). Address of Principal Business Office or, if None,
Residence:
4916 North Royal Atlanta Drive
Atlanta, Georgia 30085
Item 2(c). Citizenship:
United States of America
Item 2(d). Title of Class of Securities:
Common Stock, $.01 par value
Item 2(e). CUSIP Number:
842811 10 1
Item 3. If this statement is filed pursuant to Rules
13d-1(b), or 13d-2(b), check whether the person
filing is a:
Inapplicable
Item 4. Ownership:
(a) Amount beneficially owned: 990,328 (1)(2)
(b) Percent of class: 12.9%
Number of shares as to which such person has
(i) sole power to vote or to direct the
vote: 954,328(1)
(ii) shared power to vote or to direct the
vote: 36,000(2)
(iii) sole power to dispose or to direct the
disposition of: 954,328(1)
<PAGE>
(iv) shared power to dispose or to direct
the disposition of: 36,000(2)
(1) Includes 500,416 shares held of
record by SED Associates, a general
partnership of which the reporting
person is the managing partner. As
managing partner, the reporting
person has sole voting and
dispositive powers over all the
shares owned by the partnership.
See Item 6. Also includes 450,000
shares subject to options
exercisable on or before March 1,
1997 and 3,912 shares held in a
custodial account for which the
reporting person is the sole
custodian.
(2) Includes 36,000 shares subject to
options granted to the reporting
person's wife, Jean Diamond,
exercisable on or before March 1,
1997. The reporting person
disclaims beneficial ownership of
such shares.
Item 5. Ownership of Five Percent or Less of a Class:
Inapplicable
Item 6. Ownership of More than Five Percent on Behalf of
Another Person:
Of the indicated shares, 500,416 are owned by SED
Associates, a general partnership of which the
reporting person is the managing partner. As
managing partner, the reporting person has sole
voting and dispositive powers over all the shares
owned by the partnership.
The general partners of SED Associates are
identified in Exhibit A hereto. All of the other
general partners of SED Associates have filed
under separate cover a Schedule 13G reporting
their respective beneficial ownership of the
issuer's common stock.
Item 7. Identification and Classification of the
Subsidiary Which Acquired the Security Being
reported on by the Parent Holding Company:
Inapplicable
Item 8. Identification and Classification of the Members
of the Group:
Inapplicable
Item 9. Notice of Dissolution of Group:
Inapplicable
Item 10. Certification:
Inapplicable
<PAGE>
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.
2/4/97 /s/ Gerald Diamond
Date Signature
Name: Gerald Diamond
<PAGE>
EXHIBIT A
GENERAL PARTNERS
OF
SED ASSOCIATES
*1. Gerald Diamond
2. Trust FBO Julie Diamond, c/o Mark Diamond, Trustee
3. Mark Diamond
* Managing Partner
