SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Concorde Career Colleges, Inc.
____________________________________________________________
(Name of Issuer)
Common Stock, $.10 Par Value Per Share
____________________________________________________________
(Title of Class of Securities)
20651H 10 2
___________________________________________________________
(CUSIP Number of Class of Securities)
Nelson Obus
Wynnefield Capital, Inc.
One Penn Plaza, Suite 4720
New York, New York 10119-0002
(212) 760-0134
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
Copy to:
Paul T. Schnell, Esq.
Skadden, Arps, Slate, Meagher & Flom
919 Third Avenue
New York, New York 10022
(212) 735-3000
June 30, 1995
____________________________________________________________
(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: (X)
SCHEDULE 13D
CUSIP No. 20651H 10 2
_________________________________________________________________
(1) NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
NELSON OBUS ###-##-####
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( )
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS
PF, OO (SEE ITEM 3)
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
_________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 220,000 COMMON (SEE ITEM 5)
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH 275,790 COMMON (SEE ITEM 5)
REPORTING ___________________________________
PERSON (9) SOLE DISPOSITIVE POWER
WITH 220,000 COMMON (SEE ITEM 5)
___________________________________
(10) SHARED DISPOSITIVE POWER
275,790 COMMON (SEE ITEM 5)
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
495,790 COMMON (SEE ITEM 5)
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.13% OF COMMON (SEE ITEM 5)
_________________________________________________________________
(14) TYPE OF REPORTING PERSON
IN
_________________________________________________________________
ITEM 1. SECURITY AND ISSUER.
This statement relates to shares of common stock,
$.10 par value per share (the "Shares"), of Concorde Career
Colleges, Inc., a Delaware corporation (the "Issuer"). The
principal executive offices of the Issuer are located at 4th
Floor, City Center Square, 12th & Baltimore, P.O. Box 26610,
Kansas City, Missouri 64196.
ITEM 2. IDENTITY AND BACKGROUND.
(a)-(c), (f). This statement is being filed by
Mr. Nelson Obus ("Mr. Obus"), a citizen of the United States
of America. Mr. Obus is hereinafter referred to as the
Reporting Person. Any disclosures herein with respect to
persons other than the Reporting Person are made on informa-
tion and belief after making inquiry to the appropriate
party.
The Reporting Person's present principal employ-
ment is general partner of Wynnefield Partners Small Cap
Value L.P. ("Wynnefield Partners"), a private investment
company organized as a limited partnership under the laws of
the State of Delaware. The Reporting Person is also the
sole general partner of Channel Partnership II, L.P. ("Chan-
nel Partnership"), a private investment company organized as
a limited partnership under the laws of the State of New
York. Wynnefield Partners and Channel Partnership are
hereinafter collectively referred to as the "Partnerships."
The business address of the Reporting Person,
Wynnefield Partners and Channel Partnership is One Penn
Plaza, Suite 4720, New York, NY 10119-0002.
(d) and (e). During the last five years, neither
the Reporting Person nor (to the best of the Reporting
Person's knowledge and belief) the Partnerships has or have
(i) been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) or (ii) been a
party to a civil proceeding of a judicial or administrative
body of competent jurisdiction and as a result of such
proceeding was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The Reporting Person purchased directly 70,000
Shares, in joint tenancy with Ms. Eve E. Coulson, his
spouse, for a total consideration of $10,070 (excluding
brokerage commissions). The Reporting Person paid for such
Shares from his personal funds.
To the best of the Reporting Person's knowledge and
belief, Wynnefield Partners purchased directly 275,790
Shares for a total consideration of $90,254.20 (excluding
brokerage commissions) and Channel Partnership purchased
directly 150,000 Shares for a total consideration of $30,000
(excluding brokerage commissions). To the best of the
Reporting Person's knowledge and belief, such Shares were
paid for from the working capital of each of the Partner-
ships, which individually maintain an investment fund,
consisting of capital contributions from their respective
partners and capital appreciation derived therefrom, for the
principal purpose of buying and selling securities (includ-
ing financial and money market instruments) and interests in
domestic and foreign securities, including, without limita-
tion, convertible securities, stock index futures contracts,
options, puts and calls on stock and warrants.
ITEM 4. PURPOSE OF TRANSACTION.
The Reporting Person and (to the best of the
Reporting Person's knowledge and belief) each of the Part-
nerships acquired the Shares reported in Item 5 below for
investment purposes. The Reporting Person views the Shares
as an attractive investment opportunity at this time.
The Reporting Person intends to review his invest-
ment in the Issuer on a continuing basis and reserves the
right to acquire additional Shares in the open market or in
privately negotiated transactions or otherwise, to maintain
his holdings at current levels or to sell all or a portion
of his holdings in the open market or in privately negotiat-
ed transactions or otherwise. Any such actions will depend
upon, among other things, the availability of Shares for
purchase at satisfactory price levels; the continuing evalu-
ation of the Issuer's business, financial condition, opera-
tions and prospects; general market, economic and other
conditions; the relative attractiveness of alternative
business and investment opportunities; the availability of
financing; and other future developments.
Except as set forth above, neither the Reporting
Person nor (to the best of the Reporting Person's knowledge
and belief) the Partnerships has or have present plans or
intentions which would result in or relate to any of the
transactions described in subparagraphs (a) through (j) of
Item 4 of Schedule 13D.
ITEM 5. INTERESTS IN SECURITIES OF THE ISSUER.
(a) As of the close of business on the date
hereof, the Reporting Person (together with his spouse in
joint tenancy), Wynnefield Partners and Channel Partnership
had direct beneficial ownership of 70,000, 275,790 and
150,000 Shares, respectively. The Reporting Person may, by
virtue of his ownership of Shares in joint tenancy with his
spouse and of his status as general partner of each of the
Partnerships, be deemed to have direct beneficial ownership
of the Shares owned in joint tenancy with his spouse and
indirect beneficial ownership of the Shares owned by the
Partnerships which in the aggregate represent 495,790
Shares, or approximately 7.13% of the outstanding Shares,
based on the 6,958,376 Shares reported as outstanding, on
April 22, 1996, in the Issuer's Quarterly Report on Form 10-
Q for the quarter ended March 31, 1996.
The Reporting Person, pursuant to Rule 13d-4 of
the General Rules and Regulations under the Securities and
Exchange Act of 1934, as amended (the "Exchange Act"),
disclaims beneficial ownership of any Shares owned by the
Partnerships and disclaims membership in any "group" with
either of the Partnerships with respect to the Shares for
purposes of Sections 13(d) and 13(g) of the Exchange Act or
for any other purpose under any other provision of the
Exchange Act or the rules and regulations promulgated there-
under.
(b) The Reporting Person has sole power to vote
or to direct the vote and sole power to dispose and to
direct the disposition of the 70,000 Shares owned in joint
tenancy with his spouse and the 150,000 Shares owned by
Channel Partnership. The Reporting Person shares the power
to vote or to direct the vote and shares the power to dis-
pose or to direct the disposition of the 275,790 Shares
owned by Wynnefield Partners with Mr. Joshua H. Landes ("Mr.
Landes"), the other general partner of Wynnefield Partners.
(c) Neither the Reporting Person nor (to the best
of the Reporting Persons's knowledge and belief) the Part-
nerships has or have effected any transactions with respect
to the Shares during the 60 days prior to this filing.
(d) Except for the Reporting Person, his spouse
and Mr. Landes, no person is known to have the right to
receive or the power to direct the receipt of dividends
from, or the proceeds from the sale of, Shares covered by
this Statement.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELA-
TIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
Neither the Reporting Person nor (to the best of
the Reporting Person's knowledge and belief) the Partner-
ships has or have any contracts, arrangements, understand-
ings or relationships (legal or otherwise) with any person
with respect to any securities of the Issuer, including but
not limited to any contracts, arrangements, understandings
or relationships concerning the transfer or voting of such
securities, finder's fees, joint ventures, loan or option
arrangements, puts or calls, guarantees of profits, division
of profits or losses, or the giving or withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Not applicable.
SIGNATURE
After reasonable inquiry and to the best of his
knowledge and belief, the undersigned certifies that the
information set forth in this statement is true, complete
and correct.
Dated: June 18, 1996
/s/ Nelson Obus
Nelson Obus
