SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
Nu-Kote Holding, Inc.
_________________________________________________________________
(Name of Issuer)
Common Capital Stock
_________________________________________________________________
(Title of Class of Securities)
66993510
_________________________________________________________________
(CUSIP Number)
5/31/94
_________________________________________________________________
(Date of Event Which Requires Filing of this Statement)
Check the following box if a fee is being paid with this statement
[ ]. (A fee is not required only if the filing person: (1) has
a previous statement on file reporting beneficial ownership of more
than five percent of the class of securities described in Item 1;
and (2) has filed no amendment subsequent thereto reporting
beneficial ownership of five percent or less of such class.) (See
Rule 13d-7).
* 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).
<PAGE>
CUSIP No. 48625010
_________________________________________________________________
1) Names of Reporting Persons S.S. or I.R.S. Identification Nos.
of Above Persons: The Kaufmann Fund, Inc. - TIN #13-2605091
_________________________________________________________________
2) Check the Appropriate Box if a Member of a Group
(a) N/A
(b)
_________________________________________________________________
3) SEC Use Only _________________________________________________
_________________________________________________________________
4) Citizenship or Place of Organization: Maryland
_________________________________________________________________
Number of (5) Sole Voting Power: 900,000
Shares Bene-
ficially (6) Shared Voting Power: N/A
Owned by
Each Report- (7) Sole Dispositive Power: 900,000
ing Person
With (8) Shared Dispositive Power: N/A
_________________________________________________________________
9) Aggregate Amount Beneficially Owned by Each Reporting Person:
900,000
_________________________________________________________________
10) Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
_________________________________________________________________
11) Percent of Class Represented by Amount in Row 9: 10.84%
_________________________________________________________________
12) Type of Reporting Person (See Instructions): IV
_________________________________________________________________
Item 1(a)
Name of Issuer: Nu-Kote Holding, Inc.
Item 1(b)
Address of Issuer's Principal Executive Offices: 17950 Preston
Road, Suite 690, Dallas, TX 75252
Item 2(a)
Name of Person Filing: The Kaufmann Fund, Inc.
Item 2(b)
Address of Principal Business Office or, if none, Residence: 17
Battery Place, Suite 2624, New York, NY 10004
Item 2(c)
Citizenship: United States
Item 2(d)
Title of Class of Securities: Common Capital Stock
Item 2(e)
CUSIP Number: 66993510
Item 3
If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) [ ] Broker of Dealer registered under Section 15 of
the Act.
(b) [ ] Bank as defined in section 3(a)(6) of the Act.
(c) [ ] Insurance Company as defined in section 3(a)(19) of
the Act.
(d) [X] Investment Company registered under section 8 of the
Investment Company Act.
(e) [ ] Investment Adviser registered under section 203 of
the Investment Advisers Act of 1940.
(f) [ ] Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; see Section 240.13d-1(b)(1)(ii)(F).
(g) [ ] Parent Holding Company in accordance with Section 240.13d-
1(b)(ii)(G) (Note: See Item 7).
(h) [ ] Group, in accordance with Section 240-13d-1(b)(1)(ii)(H).
Item 4
Ownership.
If the percent of the class owned, as of December 31 of the year
covered by the statement, or as of the last day of any month
described in Rule 13d-1 (b)(2), if applicable, exceeds five
percent, provide the following information as of that date and
identify those shares which there is a right to acquire.
(a) Amount Beneficially Owned: 900,000
(b) Percent of Class: 10.84%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 900,000
(ii) shared power to vote or to direct the vote: N/A
(iii) sole power to dispose or to direct the disposition
of: 900,000
(iv) shared power to dispose or to direct the disposition
of: N/A
Instruction: For computations regarding securities which represent
a right to acquire an underlying security see Rule 13d-3(d)(1).
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 [ ].
Item 6
Ownership of More than Five Percent on Behalf of Another Person.
N/A
Item 7
Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company. N/A
Item 8
Identification and Classification of Members of the Group. N/A
Item 9
Notice of Dissolution of Group. N/A
Item 10
Certification.
The following certification shall be included if the statement is
filed pursuant to Rule 13d-1(b):
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in an transaction having such
purposes or effect.
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.
June 8, 1994
Date
/s/ Anthony W. Toogood
Signature
Anthony W. Toogood, Vice President
Name/Title
