PROSPECTUS SUPPLEMENT (TO PROSPECTUS DATED JULY 25, 1997)
2,300,000 Securities
Apple South Financing I
$3.50 Term Convertible Securities, Series A
("TECONS")(SM)
(Liquidation preference $50 per security) fully and unconditionally
guaranteed by, and convertible into Common Stock of,
Apple South, Inc.
The Prospectus, dated July 25, 1997 (the "Prospectus"), relating to the
offering for resale of up to 2,300,000 $3.50 Term Convertible Securities, Series
A (the "TECONS"), liquidation preference $50 per security, issued by Apple South
Financing I, a statutory business trust created under the laws of the State of
Delaware, which were issued and sold in transactions exempt from the
registration requirements of the Securities Act of 1933, as amended, is hereby
supplemented as set forth below.
The table on pages 54 and 55 of the Prospectus (the "Table of Selling
Holders"), which sets forth information with respect to the Selling Holders (as
defined in the Prospectus) and the respective number of TECONS beneficially
owned by each Selling Holder that may be offered for resale pursuant to the
Prospectus is hereby supplemented as follows:
1) "American Travellers Life Insurance Co.-Convertible"(by Conseco Capital
Management, Inc. acting as Investment Advisor) is added to the Table of Selling
Holders with the number of TECONS owned of 2,612.
2) "Great American Reserve Insurance Co.-Convertible"(by Conseco Capital
Management, Inc. acting as Investment Advisor) is added to the Table of Selling
Holders with the number of TECONS owned of 5,200.
3) "Beneficial Standard Life Insurance Co.-Convertible"(by Conseco Capital
Management, Inc. acting as Investment Advisor) is added to the Table of Selling
Holders with the number of TECONS owned of 9,375.
4) "Capitol American Life Insurance Co.-Convertible"(by Conseco Capital
Management, Inc. acting as Investment Advisor) is added to the Table of Selling
Holders with the number of TECONS owned of 2,613.
5) "Bankers Life & Casualty Insurance Co.-Convertible" (by Conseco Capital
Management, Inc. acting as Investment Advisor) is added to the Table of Selling
Holders with the number of TECONS owned of 5,200.
THE DATE OF THIS PROSPECTUS SUPPLEMENT IS APRIL 3, 1998
