UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.__1__)*
Reality Interactive
- -----------------------------------------------------------------------------
(Name of Issuer)
Common Stock
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(Title of Class of Securities)
756048-10-4
------------------------------
(CUSIP Number)
Richard C. Perkins 730 East Lake Street, Wayzata, MN 55391 612-473-8367
- ----------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notice and
Communications)
January 9, 1998
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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 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
disclosure 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).
SEC 1746 (12-91) Page 1 of 4 pages
<PAGE>
CUSIP No. 756048-10-4 Schedule 13D Page 2 of 4 pages
1 NAME OF REPORTING PERSON
S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Richard C. Perkins
S.S. No.: ###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) /_/
(b) /_/
3 SEC USE ONLY
4 SOURCE OF FUNDS*
PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e).
/_/
6 CITIZENSHIP OR PLACE OF ORGANIZATION
730 East Lake Street, Wayzzata, MN 55391-1769
7 SOLE VOTING POWER
0
NUMBER OF
8 SHARED VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY 9 SOLE DISPOSITIVE POWER
125,000
EACH
REPORTING
PERSON 10 SHARED DISPOSITIVE POWER
0
WITH
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
125,000
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /_/
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.7%
14 TYPE OF REPORTING PERSON*
IN
SEC 1746 (12-91) Page 2 of 4 pages
<PAGE>
CUSIP No. 756045-10-4 SCHEDULE 13D Page 3 of 4 pages
Item 1. Security and Issuer
(a) Common Stock
(b) Reality Interactive
11200 W. 78th Street, Ste 300
Eden Prairie, MN 55344
Item 2. Identity and Background
(a) The name of the person filing is: Richard C. Perkins.
(b) The filing person's business address is 730 East Lake Street,
Wayzata, MN 55391.
(c) Mr. Perkins is Vice President and Portfolio Manager of Perkins
Capital Management, Inc., an investment advisor.
(d) Mr. Perkins has never been convicted in a criminal proceeding.
(e) Mr. Perkins has never been a party to any civil proceeding as a
result of which he was or is subject to a judgement, decree of
final order enjoying future violations of, or prohibiting or
mandating activities subject to, federal or state securites laws
or finding any violation with respect to such laws.
(f) Mr. Perkins is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration
The event requiring the filing of this statement is the sale of
securites of the issuer.
Item 4. Purpose of the Transaction
Investment objectives of the holder.
Item 5. Interest in Securities of the Issuer
Richard C. Perkins beneficially owns 125,000 warrants convertible
into the Issuer's common stock within 60 days, representing 2.7%
of the Common Stock outstanding.
Mr. Perkins has sole dispositive power over these 125,000 warrants.
Mr. Perkins has sole voting power over these warrants, when and if,
they are converted into common shares of the issuer.
Mr. Perkins sold 145,000 warrants on December 26, 1997 which caused
a reduction in his holdings to less than 5%.
SEC 1746 (12-91) Page 3 of 4 pages
<PAGE>
CUSIP No. 756048-10-4 SCHEDULE 13D Page 4 of 4 pages
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securites of the Issuer
None.
Item 7. Material to be Filed as Exhibits
None.
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.
January 9, 1998
By /s/ Richard C. Perkins
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(Signature)
Richard C. Perkins / VP and Portfolio Manager
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(Name/Title)
SEC 1746 (12-91) Page 4 of 4 pages
