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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13d
(RULE 13d-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO._______)*
Children's Broadcasting Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
168755-20-5
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(CUSIP Number)
Brett D. Anderson, Esq.
Briggs and Morgan, P.A.
2400 IDS Center
Minneapolis, MN 55402
(612) 334-8417
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 10, 1997
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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 / /.
_______________________________
*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).
(Continued on following page(s))
Page 1 of 4
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CUSIP No. 168755-20-5 13D Page 2 of 4 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard W. Perkins
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2 Check the Appropriate Box if a Member of a Group*
(a) / /
(b) /X/
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
N/A
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
471,459
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NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY --------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 471,459
WITH --------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
471,459
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Item 1: Security and Issuer
The Name of the Issuer is Children's Broadcasting Corporation and the
address of its principal office is 724 First Street North, Minneapolis,
Minnesota 55401. The title of the class of equity security to which this
statement relates is Common Stock. The Reporting Person beneficially owns
471,459 shares of Common Stock.
Item 2: Identity and Background
(a) Richard W. Perkins
(b) 730 East Lake Street
Wayzata, Minnesota 55391
(c) President of Perkins Capital Management, Inc. and
Director of the Issuer
(d) The Reporting Person has not, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) The Reporting Person has not, during the last five years, 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 further
violation, or prohibiting activities subject to federal or state
securities laws or finding any violation of such laws.
(f) United States
Item 3: Source and Amount of Funds or Other Consideration
Not applicable.
Item 4: Purpose of Transaction
The Reporting Person acquired the shares of Common Stock of the Issuer
reported herein for investment purposes. The Reporting Person has no present
intention to purchase additional shares of Common Stock of the Issuer.
The Reporting Person has no present plan or intention which would result
in or relate to any of the transactions described in subparagraphs (a)
through (j) of Item 4 of Schedule 13D.
Page 3 of 4
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Item 5: Interest in Securities of the Issuer
(a) As of the date of this Schedule 13D, the Reporting Person beneficially
owned 471,459 shares of Common Stock constituting approximately
8.3% of outstanding Common Stock of the Issuer.
(b) The Reporting Person has the sole power to vote or to direct the vote
and the sole power to dispose or to direct the disposition of the
shares of Common Stock of the Issuer reported herein. The
Reporting Person disclaims beneficial ownership of the shares of
Common Stock of the Issuer reported on Schedule 13G by Perkins
Capital Management, Inc.
(c) Not applicable.
(d) Not applicable.
(e) Not applicable.
Item 6: Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer
Not applicable.
Item 7: Material to be Filed as Exhibits
Not applicable.
SIGNATURE
After reasonable inquiring and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
Dated: December 29, 1996
/s/ Richard W. Perkins
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Richard W. Perkins
President of Perkins Capital
Management, Inc. and Director of
Children's Broadcasting
Corporation
Page 4 of 4
