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OMB Number 3235-0104
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person
Fortune, Carter M.
(Last) (First) (Middle)
Bank One Tower, 111 Monument Circle, Suite 4600
(Street)
Indianapolis, Indiana 46204
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
Stock Purchase on September 1, 2000
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
American Gaming & Entertainment, Ltd. (AGEL)
5. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
6. If Amendment, Date of Original (Month/Year) NA
7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
<PAGE>
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Beneficially Owned
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3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial
(Instr. 4) (Instr. 4) (Instr. 5) Ownership (Instr.5)
----------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Common Stock 116,058,014 shares D N/A
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Common Stock 228,103,526 shares (1) I See Note (1), below
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Common Stock 1,000,000 shares (1) I See Note (1), below
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</TABLE>
Explanation of Responses:
Note (1): As a member of a control group, the Reporting Person may be deemed to
be an indirect beneficial owner of the shares owned by the other members of the
control group, John F. Fisbeck (114,058,013 shares)and David B. McLane
(114,045,513 shares). In addition, the Reporting Person's spouse who resides in
the same household owns 1,000,000 shares. Neither the fact of this filing nor
anything contained herein shall be deemed to be an admission that the Reporting
Person is, for purposes of Section 16 of the Securities Exchange Act of 1934 or
otherwise, the beneficial owner of any equity securities covered by this
statement.
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
<TABLE>
<CAPTION>
==================================================================================================================================
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
==================================================================================================================================
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Security Exer- tion of Derivative (I) Ownership
(Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5)
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
None
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</TABLE>
Explanation of Responses: N/A
/s/ Carter M. Fortune 09/08/00
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient. See Instruction 6 for procedure.
