UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934*
ALL SEASONS GLOBAL FUND, INC.
Name of Issuer
COMMON STOCK
Title of Class of Securities
CUSIP No. 01663K101
(CUSIP Number)
Check the following box if a fee is being paid with the
statement /X/. (A fee is not required only if the
reporting 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 disclosures provided in a prior cover page.
The information required on 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
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SCHEDULE 13G
CUSIP No. 01663K101 Page 2 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MAGTEN ASSET MANAGEMENT CORP.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) /X/
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH
5 SOLE VOTING POWER
-0-
6 SHARED VOTING POWER
770,500
7 SOLE DISPOSITIVE POWER
-0-
8 SHARED DISPOSITIVE POWER
933,700
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORT-
ING PERSON
933,700
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.7%
12 TYPE OF REPORTING PERSON*
IA, CO
*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE
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Item 1. Security and Issuer
(a) Name of Issuer:
All Seasons Global Fund, Inc.
(b) Address of Issuer's Principal Executive
Offices:
250 Park Avenue South
Winter Park, Florida 32789
Item 2. Identity and Background
(a) Name of Person Filing:
Magten Asset Management Corp. ("Magten")
(b) Address of Principal Business Office or, if
none, Residence:
35 East 21st Street
New York, New York 10010
(c) Citizenship:
Delaware
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
01663K101
Item 3. If this statement is filed pursuant to Rule
13d-1(b), or 13d-2(b), check whether the person
filing is a:
(a) Broker or 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) 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 /X/
<PAGE>
(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 240.13d-1(b)(1)(ii)(F)
(g) Parent Holding Company, in accordance with
240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) Group, in accordance with
240.13d-1(b)(1)(ii)(H)
Item 4. Ownership
(a) Amount Beneficially Owned: 933,700 shares
(b) Percent of Class: 11.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the
vote: -0-
(ii) shared power to vote or to direct
the vote: 770,500
(iii) sole power to dispose or to direct
the disposition of: -0-
(iv) shared power to dispose or to direct
the disposition of: 933,700
Item 5. Ownership of Five Percent or Less of a Class
N.A.
Item 6. Ownership of More than Five Percent on
Behalf of Another Person
Magten's investment advisory clients have the
right to receive dividends from the securities
to which this Schedule 13G relates. The
following investment advisory client has such
an interest with respect to more than five
percent of the class of securities to which
this Schedule 13G relates: General Motors
Employees Domestic Group Pension Trust.
Item 7. Identification and Classification of the
Subsidiary Which Acquired the Security Being
Reported on By the Parent Holding Company
N.A.
<PAGE>
<PAGE>
Item 8. Identification and Classification of Members of
the Group
N.A.
Item 9. Notice of Dissolution of Group
N.A.
Item 10. Certification
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 any
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.
July 10, 1996
__________________________
Date
/S/ TALTON R. EMBRY
__________________________
Signature
Talton R. Embry
__________________________
Name/Title
