FORM 3
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION _____________________
WASHINGTON, D.C. 20549 | OMB APPROVAL |
|_____________________|
INITIAL STATEMENT OF |OMB NUMBER: 3235-0104|
BENEFICIAL OWNERSHIP OF SECURITIES |EXPIRES: |
| SEPTEMBER 30, 1998|
Filed pursuant to Section 16(a) of the |ESTIMATED AVERAGE |
Securities Exchange Act of 1934, |BURDEN HOURS |
Section 17(a) of the Public Utility |PER RESPONSE..... 0.5|
Holding Company Act of 1935 |_____________________|
or Section 30(f) of the Investment
Company Act of 1940
___________________________________________________________________________
1. Name and Address of Reporting Person
Banco Espirito Santo de Investimento, S.A.
_______________________________________________________________________
(Last) (First) (Middle)
Rua Tierno Galvan, Torre 3
_______________________________________________________________________
(Street)
14 andar 1099-028 Lisboa, Portugal
_______________________________________________________________________
(City) (State) (Zip)
___________________________________________________________________________
2. Date of Event Requiring Statement (Month/Day/Year)
6/29/99
___________________________________________________________________________
3. I.R.S. Identification Number of Reporting Person, if an entity
(voluntary)
501-385-932
___________________________________________________________________________
4. Issuer Name and Ticker or Trading Symbol
FiNET.COM, INC. "FNCM"
___________________________________________________________________________
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director
(X ) 10% Owner
( ) Officer (give title below)
( ) Other (specify title below)
_____________________________________
___________________________________________________________________________
6. If Amendment, Date of Original (Month/Day/Year)
___________________________________________________________________________
7. Individual or Joint/Group Filing (Check Applicable Line)
___Form filed by One Reporting Person
X Form filed by More than One Reporting Person
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TABLE I - NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
___________________________________________________________________________
|1. Title of Security|2. Amount of |3. Ownership |4. Nature of |
| (Instr. 4) | Securities | Form: Direct| Indirect |
| | Beneficially| (D) or | Beneficial |
| | Owned | Indirect (I)| Ownership |
| | (Instr. 4) | (Instr. 5) | (Instr. 5) |
|____________________|_______________|_______________|____________________|
[TYPE ENTRIES HERE]
Common Stock 2,736,076 D N.A.
Common Stock 2,442,159 I By Banco Espirito
Santo E
Comercial de
Lisboa, S.A.
Common Stock 2,666,666 I By ESAF - Espirito
Santo Fundos
de Pensoes, S.A.
Common Stock 871,893 I By Espirito Santo
Dealer, S.A.
Common Stock 514,139 I By Espirito Santo
Financial Group,
S.A.
===========================================================================
TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
___________________________________________________________________________
1. Title of Derivative Security (Instr. 4)
Warrant
___________________________________________________________________________
2. Date Exercisable and Expiration Date (Month/Day/Year)
Immediately December 23, 2003
__________________________ ____________________
Date Exercisable Expiration Date
___________________________________________________________________________
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)
Common Stock 1,949,867
______________________ __________________________
Title Amount or Number of Shares
___________________________________________________________________________
4. Conversion or Exercise Price of Derivative Security
$1.25 per share of Common Stock
___________________________________________________________________________
5. Ownership Form of Derivative Security: Direct(D) or Indirect(I)
(Instr. 5)
D
___________________________________________________________________________
6. Nature of Indirect Beneficial Ownership (Instr. 5)
N.A.
===========================================================================
EXPLANATION OF RESPONSES:
BANCO ESPIRITO SANTO DE INVESTIMENTO, S.A.
By: /s/ Diogo Luis Ramos de Abreu July 26, 1999
___________________________________ _________________
NAME: Diogo Luis Ramos de Abreu DATE
TITLE: Managing Director
** SIGNATURE OF REPORTING PERSON
See Attached Signature Page for other Reporting Persons
** 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 IS INSUFFICIENT, SEE INSTRUCTION 6 FOR PROCEDURE.
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION
CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM
DISPLAYS A CURRENTLY VALID OMB NUMBER.
===========================================================================
Designated Filer: Banco Espirito Santo de Investimento, S.A
Rua Tierno Galvan, Torre 3, 14 andar, 1099-028
Lisboa, Portugal
Date of Event Requiring Statement (Month/Day/Year): 6/29/99
Issuer Name and Ticker or Trading Symbol: FiNET.COM, INC. "FNCM"
___________________________________________________________________________
ADDITIONAL REPORTING PERSONS:
I.R.S.
Identification
Name Number Address
---- -------------- -------
Banco Espirito Santo E 500-852-367 Avenida da Liberdade,
Comercial de Lisboa, S.A. nr. 195, 1250 - 142
Lisboa, Portugal
ESAF - Espirito Santo 502-253-169 Avenida Alvares
Fundos de Pensoes, S.A. Cabral, nr. 41
Lisboa, Portugal
Espirito Santo Dealer, S.A. 502-271-604 Rua Tierno Galvan,
Torre 3, 11 andar,
Lisboa, Portugal
Espirito Santo Financial R.C.B. Nr. 22-232 231 Val de Bons
Group, S.A. Malades, L - 2121
Luxembourg-Kirchberg
Designated Filer: Banco Espirito Santo de Investimento, S.A
Rua Tierno Galvan, Torre 3, 14 andar, 1099-028
Lisboa, Portugal
Date of Event Requiring Statement (Month/Day/Year): 6/29/99
Issuer Name and Ticker or Trading Symbol: FiNET.COM, INC. "FNCM"
___________________________________________________________________________
SIGNATURE PAGE
BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA, S.A.
By: /s/ Fernando Quintais Lopes July 28, 1999
_______________________________________ ________________
NAME: Fernando Quintais Lopes DATE
TITLE: Secretary of the Company
** SIGNATURE OF REPORTING PERSON
ESAF ESPIRITO SANTO FUNDOS DE PENSOES, S.A.
By: /s/ Rui Vilas July 29, 1999
_______________________________________ ________________
NAME: Rui Vilas DATE
TITLE: Head of Investments
By: /s/ Joao Pina Pereira July 29, 1999
--------------------------------------- _________________
NAME: Joao Pina Pereira DATE
TITLE: Fund Manager
** SIGNATURE OF REPORTING PERSON
ESPIRITO SANTO DEALER, S.A.
By: /s/ Luis Ricciardi July 29, 1999
_______________________________________ ________________
NAME: Luis Ricciardi DATE
TITLE: Member of the Board of
Directors
** SIGNATURE OF REPORTING PERSON
ESPIRITO SANTO FINANCIAL GROUP, S.A.
By: /s/ Teresa De Souza July 26, 1999
_______________________________________ ________________
NAME: Teresa De Souza DATE
TITLE: Secretary of the Company
** SIGNATURE OF REPORTING PERSON
