SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
____________________________
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 9)
SED International Holdings, Inc.
(formerly known as 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 (the "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).
<PAGE>
CUSP No. 842811 10 1 13G Page 2 of 5 Pages
1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SED Associates, a Georgia general partnership
58-1701459
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
Georgia
5. SOLE VOTING POWER
496,850
6. SHARED VOTING POWER
-0-
7. SOLE DISPOSITIVE POWER
496,850
8. SHARED DISPOSITIVE POWER
-0-
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
496,850
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
[BOX]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.6%
12. TYPE OF REPORTING PERSON
PN
<PAGE>
Item 1(a). Name of Issuer:
SED International Holdings, Inc. (formerly known as
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:
SED Associates, a Georgia general partnership
Item 2(b). Address of Principal Business Office or, if None,
Residence:
4916 North Royal Atlanta Drive
Atlanta, Georgia 30085
Item 2(c). Citizenship:
Georgia
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 owners of more than five
percent of the class of securities, check the
following: [X]
<PAGE>
Item 6. Ownership of More than Five Percent on Behalf of
Another Person:
Inapplicable
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.
SED Associates
2/12/98 /s/ Gerald Diamond
Date Signature
By: Gerald Diamond
Title: Managing Partner
