SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Amendment No. 4
Name of
Issuer: AMERICAN STUDIOS, INC.
Title of Class
of Securities: Common Stock
CUSIP Number: 030102 10 7
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
R. KENT SMITH
SSN: ###-##-####
2) MEMBER OF A GROUP: (a) N/A
(b) N/A
3) SEC USE ONLY:
4) CITIZENSHIP OR PLACE OF ORGANIZATION:
UNITED STATES
NUMBER OF SHARES BENEFICIALLY OWNED BY REPORTING PERSON WITH:
5) Sole Voting Power: 0 Not Applicable
6) Shared Voting Power: 0 Not Applicable
7) Sole Dispositive Power: 0 Not Applicable
8) Shared Dispositive Power: 0 Not Applicable
9) AGGREGATE AMOUNT BENEFICIALLY OWNED: Not Applicable
10) AGGREGATE AMOUNT IN ROW (9) EXCLUDES SHARES: Not Applicable
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): Not Applicable
12) TYPE OF REPORTING PERSON: IN
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ITEM 1(a). NAME OF ISSUER:
American Studios, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
11001 Park Charlotte Boulevard
Charlotte, NC 28273
ITEM 2(a). NAME OF PERSON FILING:
R. Kent Smith
ITEM 2(b). ADDRESS OR PRINCIPAL BUSINESS OFFICE OR, IF
NONE, RESIDENCE:
7042 Ballentyne Court
Charlotte, NC 28210
ITEM 2(c). CITIZENSHIP:
United States
ITEM 2(d). TITLE OF CLASS SECURITIES:
Common Stock
ITEM 2(e). CUSIP NUMBER:
030102 10 7
ITEM 3. Not Applicable
<TABLE>
<CAPTION>
ITEM 4. OWNERSHIP:
<S> <C>
(a) Number of Shares
Beneficially Owned: Not Applicable
(b) Percent of Class: Not Applicable
Number
(c) Powers Of Shares
------------------- ---------
Sole power to vote or 0 Not Applicable
to direct the vote
Shared power to vote or 0 Not Applicable
to direct the vote
Sole power to dispose 0 Not Applicable
or to direct disposition
Shared power to dispose 0 Not Applicable
or to direct disposition
</TABLE>
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ITEM 5. OWNERSHIP OF 5% OR LESS OF A CLASS:
R. Kent Smith has ceased to be the owner of more than 5%
of the outstanding Common Stock of this issuer.
ITEM 6. OWNERSHIP OF MORE THAN 5% ON BEHALF OF ANOTHER PERSON:
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE ULTIMATE
PARENT 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:
Not Applicable
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
/s/ R. KENT SMITH
R. Kent Smith
Date: February 10, 1997
As of: January 23, 1997
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