SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
TESCORP, INC.
_________________________________________________________________
(Name of Issuer)
Common Stock, par value $.02 per share
_________________________________________________________________
(Title of Class of Securities)
881584106
____________________________
(CUSIP Number)
Fred Lieberman
6251-B Park of Commerce Boulevard, N.W.
Boca Raton, Florida 33487 (Phone: (561) 994-4944
________________________________________________________________
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 25, 1997
_______________________
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on
Schedule13G 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 __.
Check the following box if a fee is being paid with the statement
__. (A fee is not required only if the reporting person: (1) has
a previous statement on file reporting beneficial ownership of
more than five percent of the class of securities described in
Item 1; and (2) has filed no amendment subsequent thereto
reporting beneficial ownership of five percent or less of such
class.) (See Rule 13d-7.)
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 filed 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).
<PAGE>
SCHEDULE 13D
CUSIP No. 881584106
1. Name of Reporting Person
SS or IRS Identification No. of above person
Fred Lieberman
###-##-####
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)___ (b)___
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)
____
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF SHARES 7. SOLE VOTING POWER
BENEFICIALLY OWNED 313,060
BY EACH REPORTING
PERSON WITH 8. SHARED VOTING POWER
-0-
9. SOLE DISPOSITIVE POWER
313,060
10. SHARED DISPOSITIVE POWER
-0-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
313,060
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* ____
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.4%
14. TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1. Security and Issuer.
This statement relates to the common stock, par value
$.02 per share ("Common Stock"), of Tescorp, Inc., a Texas
corporation (the "Company"). The principal executive offices of
the Company are located at 327 Congress Avenue, Austin, Texas
78701.
Item 2. Identity and Background.
This statement is filed by Fred Lieberman.
The business address of Mr. Lieberman is 6251-B Park of
Commerce Boulevard, N.W., Boca Raton, Florida 33487.
Mr. Lieberman's principal occupation is that of private
investor. See the preceding paragraph for Mr. Lieberman's
business address.
During the last five years, Mr. Lieberman has not been
(i) convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or (ii) been a party to a
civil proceeding of a judicial or administrative body of
competent jurisdiction and, as a result of such proceeding, was
or is subject to a judgment, decree, or final order enjoining
future violations of, or prohibiting or mandating activities
subject to, federal or state securities law or finding any
violation with respect to such laws.
Mr. Lieberman is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration.
Not applicable.
Item 4. Purpose of Transaction.
On July 25, 1997, Mr. Lieberman sold 855,000 shares of
Common Stock to a third party who is not affiliated with Mr.
Lieberman at a price of $2.98 per share. Prior to that date and
since the last amendment to this Schedule 13D, Mr. Lieberman sold
an aggregate of 112,000 shares of Common Stock in a series of
open market sales during January 1997 at an average price per
share of $3.36.
Item 5. Interest in Securities of the Issuer.
Mr. Lieberman owns beneficially, and has the sole power
to vote and dispose of, 313,060 shares or 2.4% of the outstanding
Common Stock. Mr. Lieberman has no shared power to vote or
direct the vote of, or to dispose or direct the disposition of,
any shares of Common Stock. See Item 4 above for a description
of transactions in Common Stock effected during the past 60 days
and since the most recent filing of Schedule 13D.
The calculation of percentage of outstanding Common
Stock set forth herein is based upon 13,178,007 shares of Common
Stock outstanding as of June 10, 1997 as reported by the Company
in its Form 10-KSB for the year ended March 31, 1997.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer.
There are no other contracts, arrangements,
understandings, agreements, or relationships (legal or otherwise)
among Mr. Lieberman and any person with respect to securities of
the Company.
Item 7. Material filed as Exhibits.
Not applicable.
SIGNATURES
After reasonable inquiry and to the best of the
undersigned's knowledge and belief, the undersigned certifies
that the information set forth in this statement is true,
complete, and correct.
Date: July 31, 1997
s/Fred Lieberman
_______________________________
Fred Lieberman
