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. 8)[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).
<PAGE>
CUSIP No. 842811 10 1 13G Page 2 of 4 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mark 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
79,331
6. SHARED VOTING POWER
-0-
7. SOLE DISPOSITIVE POWER
69,331
8. SHARED DISPOSITIVE POWER
-0-
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
79,331
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [BOX]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.1%
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:
Mark 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:
Inapplicable
Item 5. Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the
fact that as of the date hereof the reporting
person has ceased to be the beneficial owner of
more than five percent of the class of securities,
check the following [X].
Item 6. Ownership of More than Five Percent on Behalf of
Another Person:
Inapplicable
<PAGE>
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
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/ Mark Diamond
Date Signature
Name: Mark Diamond
