United States
Securities and Exchange Commission
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Name of Issuer: Ringer Corporation
Title of Class of Securities Common Stock
CUSIP Number: 766907109
Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications:
Philip R. Smith, Alphi Investment Management Company 847-405-9595
155 Pfingsten Road, Suite 360, Deerfield, Illinois 60015
Date of Event which Requires Filing of this Statement:
October 1, 1997
CUSIP No. 766907109
Page 2 of 3 Pages
1. Name of Reporting Person Alphi Fund LP IRS No. 36-3589366
2. Check the appropriate box if a member of a group (a) [ ]
(b) [x]
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) [ ]
N/A
6. Citizenship or Place of Organization Delaware
7. Sole Voting Power 495,400
8. Shared Voting Power 0
9. Sole Dispositive Power 495,400
10. Shared Dispositive Power 0
11. Aggregate Amount Beneficially Owned by Each Reporting Person 495,400
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
13. Percent of Class Represented by Amount in Row (11) 4.1%
14. Type of Reporting Person PN
CUSIP No. 766907109
Page 3 of 3 Pages
ONLY THOSE ITEMS WHICH ARE HEREBY REPORTED ARE AMENDED. ALL OTHER ITEMS
REMAIN UNCHANGED. ALL DEFINED TERMS SHALL HAVE THE SAME MEANING AS
PREVIOUSLY ASCRIBED TO THEM IN THE ORIGINAL FILING OF SCHEDULE 13D, UNLESS
OTHERWISE NOTED.
Item 5. Interest in Securities of the Issuer
(a) Not applicable.
(b) Not applicable.
(c) In filing Amendment No. 1, transactions were erroneously recorded
as purchases when they should have been recorded as sales.
During the sixty (60) days preceding the date hereof, Alphi entered
into the following transactions on behalf of itself:
Date Sold Number of Shares Price
08/04/97 10,000 1.66
08/22/97 2,000 1.44
09/02/97 3,000 1.44
09/10/97 5,000 1.38
09/16/97 10,000 1.41
09/17/97 16,000 1.49
09/18/97 10,000 1.55
09/23/97 15,000 1.66
09/24/97 5,000 1.62
09/25/97 29,100 1.67
09/29/97 1,800 1.69
10/01/97 30,000 1.97
10/02/97 22,000 2.06
10/03/97 10,500 1.96
These sales were open market transactions made on the NASDAQ National
Market System.
(d) No person other than AIMCO, in its capacity as general partner
of Alphi, has the right to receive nor the power to direct the receipt of
dividends from, or the proceeds from the sale of Shares.
(e) Not applicable
*******************
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: October 6, 1997
Alphi Fund L.P.
By: /s/ Philip R. Smith
Philip R. Smith
Secretary of Alphi Investment Management Company, general partner
