UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)
TAVA Technologies, Inc.
______________________________________________________________________________
(Name of Issuer)
Common Stock
______________________________________________________________________________
(Title of Class of Securities)
872169107
__________________________
(CUSIP Number)
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13G
CUSIP No. 872169107
______________________________________________________________________________
1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO.
Renaissance Capital Growth and Income Fund III, Inc. 75-2533518
_______________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
_______________________________________________________________________________
3. SEC USE ONLY
_______________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
_______________________________________________________________________________
5. SOLE VOTING POWER
691,667 shares
_______________________________________________________________________________
6. SHARED VOTING POWER
None
_______________________________________________________________________________
7. SOLE DISPOSITIVE POWER
691,667 shares
_______________________________________________________________________________
8. SHARED DISPOSITIVE POWER
None
_______________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
691,667 shares
_______________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not applicable
_______________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.04%
_______________________________________________________________________________
12. TYPE OF REPORTING PERSON
IV
_______________________________________________________________________________
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ITEM 1.
(a) Name of Issuer.
TAVA Technologies, Inc. ("Company")
(b) Address of Issuer's principal Executive Offices
7887 East Belview, Suite 820
Englewood, CO 80111
ITEM 2.
(a) Name of Person Filing
Renaissance Capital Growth and Income Fund III, Inc. ("Filer")
(b) Address of principal Business Office or, if none, Residence
8080 North Central Expwy., Suite 210, LB 59
Dallas, TX 75206-1857
(c) Citizenship
Texas
(d) Title of Class of Securities
Common Stock
(e) CUSIP Number
75966V105
ITEM 3. If this statement is filed pursuant to Rule 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) X 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; see section 240.13d-1(b)(1)(ii)(F)
(g) ______ Parent Holding Company, in accordance with section
240.13d-1(b)(ii)(G)(Note: See Item 7)
(h) ______ Group, in accordance with section 240.13d-1(b)(1)(ii)(H)
ITEM 4. Ownership.
(a) Amount Beneficially Owned:
On June 17, 1996, the Company and the Filer entered into a 9%
Convertible Debenture Loan Agreement for $1,000,000. The Filer was
also issued 25,000 warrants redeemable at $2.00 per share. Total
shares beneficially owned at December 31, 1998 are 691,667 giving
the Filer an ownership interest of 3.04%. On February 18, 1999,
Renaissance Capital Growth & Income Fund III, Inc. converted its
9% $1,000,000 Convertible Debenture into 666,667 shares of common
stock. The warrants are exercisable within 60 days.
(b) Percent of Class
3.04%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 691,667 shares
(ii) shared power to vote or to direct the vote: None
(iii) sole power to dispose or to direct the disposition of:
691,667 shares
(iv) shared power to dispose or to direct the disposition of: None
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: /X/
-
ITEM 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable.
ITEM 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
Not applicable.
ITEM 8. Identification and Classification of Members of the Group.
Not applicable.
ITEM 9. Notice of Dissolution of Group.
Not applicable.
ITEM 10. Certification.
By signing below I certify that, to the best of my 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 purposes or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that theinformation set forth in this statement is true, complete
and correct.
/S/ Russell Cleveland
Date: March 11, 1999 ________________________________________________
Signature
Russell Cleveland, President and CEO
Renaissance Capital Growth and Income Fund III, Inc.
_________________________________________________
Name and Title
