CERBCO INC
SC 13G/A, 2001-01-16
CONSTRUCTION - SPECIAL TRADE CONTRACTORS
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                 SCHEDULE 13G/A
                                  Rule 13d-102

                    Under the Securities Exchange Act of 1934
                               (Amendment No. 1)*

                                  CERBCO INC.
--------------------------------------------------------------------------------
                                (Name of Issuer)

                                     COMMON
--------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   156713109
--------------------------------------------------------------------------------
                                 (CUSIP Number)


--------------------------------------------------------------------------------
             (Date of Event which Requires Filing of this Statement)

      Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
                               |_| Rule 13d-1 (b)
                               |_| Rule 13d-1 (c)
                               |_| Rule 13d-1 (d)

----------
*     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>

CUSIP NO.                             13G                     PAGE 3 of 6 PAGES
--------------------------------------------------------------------------------
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    JOHN C. BOLAND
--------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) |_|
                                                                         (b) |_|
--------------------------------------------------------------------------------
3   SEC USE ONLY


--------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION

    U.S.
--------------------------------------------------------------------------------
                  5    SOLE VOTING POWER

                       69,600
                  --------------------------------------------------------------
  NUMBER OF       6    SHARED VOTING POWER
    SHARES
 BENEFICIALLY
   OWNED BY       --------------------------------------------------------------
     EACH         7    SOLE DISPOSITIVE POWER
  REPORTING
    PERSON             69,600
     WITH         --------------------------------------------------------------
                  8    SHARED DISPOSITIVE POWER


--------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    8300
--------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                            |_|
--------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

    0.7
--------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*


--------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>

CUSIP NO.                             13G                     PAGE 3 of 6 PAGES
--------------------------------------------------------------------------------
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    REMNANT PARTNERS L.P.
--------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) |_|
                                                                         (b) |_|
--------------------------------------------------------------------------------
3   SEC USE ONLY


--------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION

    U.S.
--------------------------------------------------------------------------------
                  5    SOLE VOTING POWER

                       61,300
                  --------------------------------------------------------------
  NUMBER OF       6    SHARED VOTING POWER
    SHARES
 BENEFICIALLY
   OWNED BY       --------------------------------------------------------------
     EACH         7    SOLE DISPOSITIVE POWER
  REPORTING
    PERSON             61,300
     WITH         --------------------------------------------------------------
                  8    SHARED DISPOSITIVE POWER


--------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    61,300
--------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                            |_|
--------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

    5.2
--------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*


--------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 10549

                                   ----------

                        SCHEDULE 13G UNDER THE SECURITIES
                              EXCHANGE ACT OF 1934

                                   ----------

Item 1(a)  Name of Issuer: CERBCO INC.

      (b)  Address of Issuer's Principal Executive Offices:

           3421 PENNSY DRIVE, LANDOVER MD 20785

Item 2(a)  Names of Person Filing: REMNANT PARTNERS L.P.

      (b)  Address of Principal Business Office:

           714 ST. JOHNS ROAD, BALTIMORE MD 21210


                                Page 3 of 6 Pages

<PAGE>

Item 2(c)  Citizenship: U.S.

      (d)  Title of Class of Securities: COMMON

      (e)  CUSIP Number: 156713109

Item 3.    If this statement is filed pursuant to Rule        by

Item 4.    Ownership.

      (a)  Amount Beneficially Owned: 69,600

      (b)  Percent of Class:

      (c)  Number of Shares as to which JOHN BOLAND has:

           (i)   sole power to vote or to direct the vote: 69,600

           (ii)  shared power to vote or to direct the vote:

           (iii) sole power to dispose or to direct the disposition of: 69,600

           (iv)  shared power to dispose or to direct the disposition of:


                                Page 4 of 6 Pages

<PAGE>

Item 5.    Ownership of Five Percent or Less of a Class:

Item 6.    Ownership of More Than Five Percent on Behalf of Another Person:

Item 7.    Identification and Classification of subsidiaries which Acquired
           the Security Being Reported on by the Parent Holding Company:

Item 8.    Identification and Classification of Members of the Group:


                                Page 5 of 6 Pages

<PAGE>

Item 9.    Notice of Dissolution of Group:

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.


                                        By: /s/ John Boland
                                            ------------------------------------
                                            Title: PRESIDENT OF
                                             THE GENERAL PARTNER

Dated: 1.8.01


                                Page 6 of 6 Pages



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