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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
SCHEDULE 13G
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
(Amendment No.___)*
_______
IMC Mortgage Company
________________________________________
(Name of Issuer)
Common Stock
________________________________________
(Title of Class of Securities)
449923101
_____________________________________
(CUSIP Number)
*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 the disclosures provided in a prior page.
The information required in 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).
The total number of shares of common stock reported herein is 2,700,000, or
12.07% of the Issuer's shares outstanding, of which 2,700,000 shares are a
derivative interest in the form of a warrant. All ownership percentages set
forth herein assume that there are 22,369,666 shares outstanding, and
ownership figures are reported as of 12/31/96.
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____________________________________________________________
(1) Names of Reporting Persons.
ContiTrade Services Corporation
____________________________________________________________
(2) Check the Appropriate Box if a Member of a Group (a)[ ]
(b)[ x]
____________________________________________________________
(3) SEC Use Only
____________________________________________________________
(4) Citizenship or Place of Organization
Delaware
____________________________________________________________
Number of Shares (5) Sole Voting Power:
Beneficially 2,700,000
Owned by ________________________________________
Each Reporting (6) Shared Voting Power:
Person With -0-
________________________________________
(7) Sole Dispositive Power:
2,700,000
________________________________________
(8) Shared Dispositive Power:
-0-
____________________________________________________________
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,700,000
____________________________________________________________
(10) Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares / /
___________________________________________________________
(11) Percent of Class Represented by Amount in Row (9)
12.07%
____________________________________________________________
(12) Type of Reporting Person
CO
____________________________________________________________
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____________________________________________________________
(1) Names of Reporting Persons.
Continental Grain Company
____________________________________________________________
(2) Check the Appropriate Box if a Member of a Group (a)[ ]
(b)[ x]
____________________________________________________________
(3) SEC Use Only
____________________________________________________________
(4) Citizenship or Place of Organization
Delaware
____________________________________________________________
Number of Shares (5) Sole Voting Power:
Beneficially -0-
Owned by ________________________________________
Each Reporting (6) Shared Voting Power:
Person With 2,700,000
________________________________________
(7) Sole Dispositive Power:
-0-
________________________________________
(8) Shared Dispositive Power:
2,700,000
____________________________________________________________
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,700,000
____________________________________________________________
(10) Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares / /
___________________________________________________________
(11) Percent of Class Represented by Amount in Row (9)
12.07%
____________________________________________________________
(12) Type of Reporting Person
CO
____________________________________________________________
3
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____________________________________________________________
(1) Names of Reporting Persons.
Michel Fribourg
____________________________________________________________
(2) Check the Appropriate Box if a Member of a Group (a)[ ]
(b)[ x]
____________________________________________________________
(3) SEC Use Only
____________________________________________________________
(4) Citizenship or Place of Organization
USA
____________________________________________________________
Number of Shares (5) Sole Voting Power:
Beneficially -0-
Owned by ________________________________________
Each Reporting (6) Shared Voting Power:
Person With 2,700,000
________________________________________
(7) Sole Dispositive Power:
-0-
________________________________________
(8) Shared Dispositive Power:
2,700,000
____________________________________________________________
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,700,000
____________________________________________________________
(10) Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares / /
___________________________________________________________
(11) Percent of Class Represented by Amount in Row (9)
12.07%
____________________________________________________________
(12) Type of Reporting Person
IN
____________________________________________________________
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____________________________________________________________
(1) Names of Reporting Persons.
Mary Ann Fribourg
____________________________________________________________
(2) Check the Appropriate Box if a Member of a Group (a)[ ]
(b)[ x]
____________________________________________________________
(3) SEC Use Only
____________________________________________________________
(4) Citizenship or Place of Organization
USA
____________________________________________________________
Number of Shares (5) Sole Voting Power:
Beneficially -0-
Owned by ________________________________________
Each Reporting (6) Shared Voting Power:
Person With 2,700,000
________________________________________
(7) Sole Dispositive Power:
-0-
________________________________________
(8) Shared Dispositive Power:
2,700,000
____________________________________________________________
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,700,000
____________________________________________________________
(10) Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares / /
___________________________________________________________
(11) Percent of Class Represented by Amount in Row (9)
12.07%
____________________________________________________________
(12) Type of Reporting Person
IN
____________________________________________________________
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Item 1(a). NAME OF ISSUER: IMC Mortgage Company
Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE
OFFICES: 5901 Fowler Avenue
Tampa, FL 33617
Item 2(a). NAMES OF PERSONS FILING:
Pursuant to Rules 13d-1(f)(1)-(2) of Regulation 13D-G of the
Rules and Regulations under the Securities and Exchange Act of 1934, as
amended (the Act), the undersigned hereby file this Schedule 13G Statement on
behalf of Continental Grain Company, a Delaware corporation, ContiTrade
Services Corporation, a Delaware Corporation, Michel Fribourg and Mary Ann
Fribourg (collectively, the Reporting Persons).
Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
Continental Grain Company
277 Park Avenue
New York, NY 10172
ContiTrade Services Corporation
277 Park Avenue
New York, NY 10172
Michel Fribourg
C/o Continental Grain Company
277 Park Avenue
New York, NY 10172
Mary Ann Fribourg
C/o Continental Grain Company
277 Park Avenue
New York, NY 10172
Item 2(c). CITIZENSHIP:
Continental Grain Company: Delaware
ContiTrade Services Corporation: Delaware
Michel Fribourg: USA
Mary Ann Fribourg: USA
Item 2(d). TITLE OF CLASS OF SECURITIES: Common Stock
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Item 2(e). CUSIP NUMBER: 449923101
Item 3 IF THIS STATEMENT IS FILED PURSUANT TO RULES
13d-1(b), OR 13d-2(b), CHECK WHETHER THE
PERSON FILING IS A:
(a)[ ] Broker or Dealer registered under
section 15 of the Act
(b)[ ] Bank as defined in section 3(a)(6)
of the Act
(c)[ ] Insurance Company as defined in
section 3(a)(19) of the Act
(d)[ ] Investment Company registered under
section 8 of the Investment Company
Act
(e)[ ] Investment Adviser registered under
section 203 of the Investment
Advisers Act of 1940
(f)[ ] Employee Benefit Plan, Pension Fund
which is subject to the provisions of the Employee
Retirement Income Security Act of 1974 or Endowment
Fund
(g)[ ] Parent Holding Company, in
accordance with Section 240.13d-1
(b)(ii)(G)
(h)[ ] Group, in accordance with Section 240.13d-
1 (b)(1)(ii)(H)
Item 4. OWNERSHIP.
If the percent of the class owned, as of December 31 of the year
covered by the statement, or as of the last day of any month described in
Rule 13d-1(b)(2), if applicable, exceeds five percent, provide the following
information as of that date and identify those shares which there is a right
to acquire.
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(a) -(b) AMOUNT BENEFICIALLY OWNED and PERCENT OF
CLASS:
Continental Grain Company: Continental Grain Company, through
its wholly owned subsidiary ContiTrade Services Corporation, holds a warrant
interest in the Issuer which entitles it to purchase 2,700,000 shares of the
Issuer's outstanding common stock. Based on this, Continental Grain Company
beneficially owns, pursuant to rule 13d-3 of the Act, 2,700,000 shares, or
12.07%, of the Issuer's common stock.
ContiTrade Services Corporation:
ContiTrade Services Corporation holds a warrant interest in
the Issuer which entitles it to purchase 2,700,000 shares of the Issuer's
outstanding common stock. Based on this, ContiTrade Services Corporation
beneficially owns, pursuant to rule 13d-3 of the Act, 2,700,000 shares, or
12.07%, of the Issuer's common stock.
Michel Fribourg: Because of his position as a director of
Continental Grain Company and a controlling shareholder of Continental Grain
Company, Michel Fribourg may, pursuant to Rule 13d-3 of the Act, be deemed to
be the beneficial owner of 2,700,000 shares of the Issuer's common stock in
the aggregate, which constitutes approximately 12.07% of the Issuer's
outstanding shares of common stock. Pursuant to Rule 13-d(4) of the Act,
Michel Fribourg disclaims beneficial ownership of the shares of the Issuer's
common stock owned by Continental Grain Company, except to the extent of his
pecuniary interest therein.
Mary Ann Fribourg: Because of her position as a controlling
shareholder of Continental Grain Company, Mary Ann Fribourg may, pursuant to
Rule 13d-3 of the Act, be deemed to be the beneficial owner of 2,700,000
shares of the Issuer's common stock in the aggregate, which constitutes
approximately 12.07% of the Issuer's outstanding shares of common stock.
Pursuant to Rule 13-d(4) of the Act, Mary Ann Fribourg disclaims beneficial
ownership of the shares of the Issuer's common stock owned by Continental
Grain Company, except to the extent of her pecuniary interest therein.
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(C) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
Continental Grain Company: Continental Grain Company has the
shared power, through its wholly owned subsidiary ContiTrade Services
Corporation, to vote or direct the vote and to dispose or direct the
disposition of 2,700,000 shares of the Issuer's common stock, when and if
ContiTrade Services Corporation exercises its warrant interest in the
Issuer's common stock.
ContiTrade Services Corporation: ContiTrade Services
Corporation has the sole power to vote or direct the vote and to dispose or
direct the disposition of 2,700,000 shares of the Issuer's common stock, when
and if ContiTrade Services Corporation exercises its warrant interest in the
Issuer's common stock.
Michel Fribourg: As a Director of Continental Grain Company,
Michel Fribourg has the shared power to vote or direct the vote and to
dispose or direct the disposition of 2,700,000 shares of the Issuer's common
stock, when and if ContiTrade Services Corporation exercises its warrant
interest in the Issuer's common stock.
Mary Ann Fribourg: As a controlling shareholder of
Continental Grain Company, Mary Ann Fribourg has the shared power to vote or
direct the vote and to dispose or direct the disposition of 2,700,000 shares
of the Issuer's common stock, when and if ContiTrade Services Corporation
exercises its warrant interest in the Issuer's common stock.
Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following.[ ]
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Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
No person other than the Reporting Persons has the right to receive
or the power to direct receipt of dividends from, or the proceeds from the
sale of, the shares of the Issuer's common stock owned by them.
Item 7. IDENTIFICATION AND CLASSIFICATION OF THE
SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING
REPORTED ON BY THE PARENT HOLDING COMPANY.
The information requested in Item 7 is inapplicable to this filing.
Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
This Schedule 13G Statement is being filed on behalf of each of the
Reporting Persons pursuant to Rules 13d-1c and 13d-1(f)(1). The identity of
each of the Reporting Persons is set forth in Item 2(a) hereof. The
agreement required by Rule 13d-1(f)(1)(iii) is attached hereto as Exhibit A.
Item 9. NOTICE OF DISSOLUTION OF GROUP.
It is inapplicable for the purposes herein to provide notice of the
dissolution of a group.
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Item 10. CERTIFICATION.
By signing below the undersigned certifies that, to the best of its
knowledge and belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose of and do
not have the effect of changing or influencing the control of the issuer of
such securities and were not acquired in connection with or as a participant
in any transaction having such purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Date: February 3, 1998
ContiTrade Services Corporation
By: /s/Jerome M. Perelson
---------------------
Name: Jerome M. Perelson
Title: President
Continental Grain Company
By: /s/ Paul J. Fribourg
--------------------
Name: Paul J. Fribourg
Title: President and Chief
Executive Officer
/s/ Michel Fribourg
-------------------
Michel Fribourg
/s/ Mary Ann Fribourg
---------------------
Mary Ann Fribourg
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Exhibit A:
Pursuant to Rule 13d-1(f)(1)(iii) of Regulation 13D-G of the Rules and
Regulations of the Securities and Exchange Commission under the Securities
Exchange Act of 1934, as amended, the undersigned agree that the statement to
which this Exhibit is attached is filed on behalf of them in their capacities
set forth hereinbelow.
Date: February 3, 1998
ContiTrade Services Corporation
By: /s/ Jerome M. Perelson
----------------------
Name: Jerome M. Perelson
Title: President
Continental Grain Company
By: /s/ Paul J. Fribourg
--------------------
Name: Paul J. Fribourg
Title: President and Chief
Executive Officer
/s/ Michel Fribourg
--------------------
Michel Fribourg
/s/ Mary Ann Fribourg
---------------------
Mary Ann Fribourg
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