SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No._1________)*
Clemente Global Growth Fund, Inc._______________________________
(Name of Issuer)
Common Stock____________________________________________________
(Title of Class of Securities)
185569100_______________________________________________________
(CUSIP Number)
________________________________________________________________
LB&T Strategic Advisors, Inc. 6620 W. Broad St. Richmond, VA. 23230
(Name, Address and Telephone Number of Person authorized to
Receive Notices and Communications)
2/28/97____________________________________________________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on schedule 13g
to report the acquisition which is the subject of this Schedule 13d,
and is filing this schedule because of Rule 13d-1(b)(3) or (4),
check the following box .
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).
CUSIP NO 185569100_____________ 13D Page____ of _____
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
LTB Trust 04-6782445
2. Check the Appropriate Box if a Member of a Group*
(a)
(b)
3. SEC USE ONLY
4. Source of Funds* 00
5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(E)
6. Citizenship or Place of Organization
Wilimington, Delaware
Number of Shares 7. Sole Voting Power 0
Beneficially 8. Shared Voting Power 0
Owned by 9. Sole Dispositive Power 0
Each Reporting 10. Shared Dispositive Power 0
Person with
11. Aggregate Amount Beneficially Owned by Each Reporting Person
256,900
12. Check Box If The Aggregate Amount in Row 11 Excludes
Certain Shares*
13. Percent of Class Represented By Amount in Row 11
4.4%
14. Type of reporting Person*
00
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.
Date
Signature_______________________________________
Name/Title Fred T. Tattersall, Managing Director
To follow are the responses to the seven (7) tems requested under Special
instructions for Complying With Schedule 13D.
ITEM 1:
Clemente Global Growth Fund Inc.
152 West 57th Street
New York, New York 10019
Lila C. Clemente, Chairman
Leopoldo M. Clemente, Jr., President
Thomas J. Prapas, Treasurer
William H. Bohnett, Secretary
Maria Distefano, Assistant Secretary
ITEM 2: LTB Trust is a Limited Partnership
a) Fred T. Tattersall, General Partner
b) 6620 W. Broad Street Ste. 300 Richmond, Virginia 23230-1720
c) Managing Director of LB&T Strategic Advisors, Inc.
6620 W. Broad Street Ste. 300 Richmond, Virginia 23230-1720
d) none
e) none
f) USA
ITEM 3:
Personal funds
ITEM 4:
Security purchased in ordinary course of business as investment.
ITEM 5:
a) Fred T. Tattersall owned 5.5% of the trust, or 14,129.5 shares
for 0.2% of issue.
b) Power to vote and dispose of the securities resides with the
investment manager, LB&T Strategic Advisors, Inc.
c) Fred T. Tattersall invested 500,000 in the LTB Trust
on February 1, 1997.
d) LB&T Strategic Advisors, Inc.
e) 2/26/97
ITEM 6:
LB&T Strategic Advisors, Inc. is the investment manager for the
LTB trust.
ITEM 7:
none
Date: May 20, 1997
