UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No )
CALIBER LEARNING NETWORK
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
129914107
(CUSIP Number)
1. NAME OF REPORTING PERSON
Nevis Capital Management, Inc.
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
52-1740975
2. CHECK THE APPROPRIATE LETTTER IF A MEMBER OF A GROUP:
(a)
(b)
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
5. SOLE VOTING POWER:
684,400
6. SHARED VOTING POWER:
0
7. SOLE DISPOSITIVE POWER:
684,400
8. SHARED DISPOSITIVE POWER:
0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
684,400
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES:
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9:
5.6%
12. TYPE OF REPORTING PERSON:
IA
ITEM 1.
(a) Name of Issuer:
CALIBER LEARNING NETWORK
(b) Address of Issuer's Principal Executive Offices:
1000 LANCASTER ST, BALTIMORE MD 21202
ITEM 2.
(a) Name of Person Filing:
NEVIS CAPITAL MANAGEMENT, INC.
(b) Address of Principal Business Office:
1119 ST PAUL ST, BALTIMORE MD 21202
(c) Citizenship:
MARYLAND
(d) Title of Class of Securities:
COMMON STOCK
(e) CUSIP Number:
129914107
ITEM 3. If this statement is filed pursuant to Rule 13d-1(b),
or 13d-2(b), check whether the person filing is a:
(e) Investment Advisor registered under Section 203 of
the Investment Advisors Act of 1940. X
ITEM 4. Ownership
(a) Amount Beneficially Owned:
684,400
(b) Percent of Class:
5.6%
(c) Number of shares as to which such person has
(i) sole power to vote or to direct vote:
684,400
(ii) shared power to vote or to direct the vote:
0
(iii) sole power to dispose or to direct the disposition:
684,400
(iv) shared power to dispose or to direct the disposition:
0
Signature,
David R. Wilmerding, III - President
February 2, 1999
