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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
Odyssey Pictures Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
676121 10 6
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(CUSIP Number)
Howard J. Kerker, P.C.
600 Madison Avenue, 25th Floor
New York, New York 10022
212-758-0700
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
October 30, 1995
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(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 [ ]
Note. Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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SCHEDULE 13D
CUSIP NO. 676121 10 6
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1) Name of Reporting Persons/S.S. or I.R.S. Identification
Nos. of Above Persons.
Lawrence I. Schneider
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2) Check the Appropriate Row if a Member of a Group:
a) [ ]
b) [ ]
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3) SEC Use Only
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4) Source of Funds
OO
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5) Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) [ ]
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6) Citizenship or Place of Organization
United States Citizen
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Number of 7) Sole Voting Power
Shares 535,684
Beneficially --------------------------------------------------
Owned by 8) Shared Voting Power
Each -0-
Reporting Person --------------------------------------------------
With 9) Sole Dispositive Power
535,684
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10) Shared Dispositive Power
-0-
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11) Aggregate Amount Beneficially Owned by Reporting Person
535,684
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12) Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares [ ]
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13) Percent of Class Represented by Amount in Row (11)
10.9%
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14) Type of Reporting Person
IN
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Item 1. Security and Issuer.
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Common Stock, par value $.01 per share, of Odyssey Pictures Corporation,
1875 Century Park East, Suite 2130, Los Angeles, California 90067.
Item 2. Identity and Background.
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(a) Lawrence I. Schneider
(b) 450 Park Avenue, New York, New York 10022
(c) Investment banking, Global Capital Resources, Inc., 450 Park Avenue,
New York, New York 10022
(d) Not applicable
(e) Not applicable
(f) Unites States citizen
Item 3. Source and Amount of Funds or Other Consideration.
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No funds were used by the reporting person. The purpose of this report is
to report the disposition of 27,750 shares of common stock by the reporting
person in the open market.
Item 4. Purpose of Transaction.
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See response to Item 3 above.
Item 5. Interest in Securities of the Issuer.
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(a) 535,684 shares beneficially owned (including presently exercisable
options to purchase 433,333 shares of common stock), representing 10.9% of
class.
(b) Reporting person has the sole power to vote and dispose of the shares
referred to in (a); no other person shares voting or dispositive power with
respect to such shares.
(c) Except with respect to the disposition of shares reported herein,
reporting person has not effected any transactions in the class of securities
reported on during the past 60 days or since the most recent filing on Schedule
13D.
(d) Not applicable
(e) Not applicable
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Item 6. Contracts, Arrangements, Understandings or Relationships
- ------- With Respect to Securities of the Issuer.
Not Applicable
Item 7. Material to be Filed as Exhibits.
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Not Applicable.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
hereby certify that the information set forth in this statement is true,
complete and correct.
November 3, 1997
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(Date)
/s/ Lawrence I. Schneider
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(Signature)
Lawrence I. Schneider
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(Name and Title)
