SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. * )
TELESCAN INC.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
879516102
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(CUSIP Number)
February 17,* 1998
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(Date of Event Which Requires Filing of this Statement)
* This filing amends Amendment No. 1 to Schedule 13D as originally filed
November 21, 1997.
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
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1The 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 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 1 of 8 Pages
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CUSIP No. 879516102 13G Page 2 of 8 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
WisdomTree Capital Management, Inc.
I.D. #13-3729429
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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5 SOLE VOTING POWER
0 shares of Common Stock
NUMBER OF -------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 592,100 shares of Common Stock
EACH -------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares of Common Stock
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8 SHARED DISPOSITIVE POWER
592,100 shares of Common Stock
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
592,100 shares of Common Stock
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|-|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.5%
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 8 Pages
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CUSIP No. 879516102 13G Page 3 of 8 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
WisdomTree Associates, L.P.
I.D. #13-3729430
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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5 SOLE VOTING POWER
0 shares of Common Stock
NUMBER OF -------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 478,400 shares of Common Stock
EACH -------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares of Common Stock
-------------------------------------------------
8 SHARED DISPOSITIVE POWER
478,400 shares of Common Stock
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
478,400 shares of Common Stock
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|-|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.4%
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12 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 8 Pages
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CUSIP No. 879516102 13G Page 4 of 8 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
WisdomTree Offshore LTD.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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5 SOLE VOTING POWER
0 shares of Common Stock
NUMBER OF -------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 113,700 shares of Common Stock
EACH -------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0 shares of Common Stock
-------------------------------------------------
8 SHARED DISPOSITIVE POWER
113,700 shares of Common Stock
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
113,700 shares of Common Stock
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|-|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.1%
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12 TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 8 Pages
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CUSIP No. 879516102 13G Page 5 of 8 Pages
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Item 1(a). Name of Issuer:
Telescan, Inc.
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Item 1(b.) Address of Issuer's Principal Executive Offices:
5959 Corporate Drive, Suite 2000, Houston, Texas 77036
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Item 2(a). Name of Persons Filing:
WisdomTree Capital Management, Inc. ("WTInc")
WisdomTree Associates, L.P. ("WTAssociates")
WisdomTree Offshore, LTD. ("WTOffshore")
Item 2(b). Address of Principal Business Office or, if None, Residence:
WTInc: WisdomTree Capital Management, Inc., 1633 Broadway,
New York, New York 10019
WT Associates: WisdomTree Associates, L.P., 1633 Broadway,
New York, New York 10019
WT Offshore: WisdomTree Offshore, LTD., Zephyr House,
5th Floor, P.O. Box 1561, Mary Street, Grand Cayman,
Cayman Islands, British West Indies
Item 2(c). Citizenship:
U.S.A.
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Item 2(d). Title of Class of Securities:
Common Stock
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Item 2(e). CUSIP Number:
879516102
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Page 5 of 8 Pages
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CUSIP No. 879516102 13G Page 6 of 8 Pages
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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 or dealer registered under Section 15 of the Exchange Act;
(b) |_| Bank as defined in Section 3(a)(6) of the Exchange Act;
(c) |_| Insurance company as defined in Section 3(a)(19) of the Exchange Act;
(d) |_| Investment company registered under Section 8 of the Investment
Company Act;
(e) |_| An investment adviser in accordance with Rule 13d-1(b)(ii)(E);
(f) |_| An employee benefit plan or endowment fund in accordance with Rule
13d- 1(b)(1)(ii)(F);
(g) |_| A parent holding company or control person in accordance with Rule
13d-1(b)(ii)(G)
(h) |_| A savings association as defined in Section 3(b) of the Federal Deposit
Insurance Act;
(i) |_| A church plan that is excluded from the definition of an investment
company under Section 3(c)(14) of the Investment Company Act;
(j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J);
If this statement is filed pursuant to Rule 13d-1(c), check this box |X|
Item 4. Ownership
(a) As of the close of business on February 13, 1998, WTAssociates was the
record owner and had direct beneficial ownership of 478,400 shares, or
approximately 4.4% of the outstanding Common Stock.
As of the close of business on February 13, 1998, WTOffshore was the
record owner and had direct beneficial ownership of 113,700
shares, or approximately 1.1% of the outstanding Common Stock.
As the General Partner of WTAssociates and the Investment Manager of
WTOffshore, WTInc may be deemed to have direct beneficial
ownership of the 592,100 shares, or approximately 5.5% of the
outstanding Common Stock owned of record by WTAssociates and
WTOffshore.
(b) See Item 4(a), above.
(c) The power to vote or direct the vote and the power to dispose or
direct the disposition of the 478,400 shares of Common Stock as to
which WTAssociates is the record owner may be deemed to be shared
between WTInc and WTAssociates, although WTInc, as General Partner of
WTAssociates, is generally vested with sole control of such matters.
The power to vote or direct the vote and the power to dispose or
direct the disposition of the 113,700 shares of Common Stock as
to which WTOffshore is the record owner is shared between
Page 6 of 8 Pages
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CUSIP No. 879516102 13G Page 7 of 8 Pages
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WTInc and WTOffshore, although WTInc, as Investment Manager of
WTOffshore, is generally vested with sole control of such matters.
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.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company.
Item 8. Identification and Classification of Members of the Group.
Item 9. Notice of Dissolution of Group.
Item 10. Certifications.
"By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not
acquired and are not held in connection with or as a participant in any
transaction having that purpose or effect."
Page 7 of 8 Pages
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CUSIP No. 879516102 13G Page 8 of 8 Pages
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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.
Dated: February 26, 1998 WisdomTree Associates, L.P.
By: WisdomTree Capital Management, Inc.,
General Partner
/s/ Scot Rosenblum
By:________________________________________
Name: Scot Rosenblum
Title: Vice President
Dated: February 26, 1998 WisdomTree Capital Management, Inc.
/s/ Scot Rosenblum
By:________________________________________
Name: Scot Rosenblum
Title: Director
Dated: February 26, 1998 WisdomTree Offshore, Ltd.
/s/ Scot Rosenblum
By:_______________________________________
Name: Scot Rosenblum
Title: Director
Page 8 of 8 Pages
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