UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _2_)*
BAB Holdings, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
055176-10-1
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(CUSIP Number)
*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 the
disclosures provided in a prior cover page.
The information required in 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 1745 (2/92) Page 1 of 5 pages
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CUSIP No. 055176-10-1 13G Page 2 of 5 pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF THE ABOVE PERSON
Perkins Capital Management, Inc.
IRS ID No.: 41-1501962
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) /_/
(b) /_/
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
730 East Lake Street, Wayzata, MN 55391-1769
NUMBER OF SHARES 5 SOLE VOTING POWER
5,250
BENEFICIALLY OWNED 6 SHARED VOTING POWER
0
BY EACH REPORTING 7 SOLE DISPOSITIVE POWER
532,050
PERSON WITH 8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
532,050
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.9%
12 TYPE OF REPORTING PERSON*
IA
SEC 1745 (2/92) Page 2 of 5 pages
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CUSIP No. 055176-10-1 13G Page 3 of 5 pages
Item 1.
(a) Name of Issuer
BAB Holdings, Inc.
(b) Address of Issuer's Principal Executive Offices
8501 West Higgins Road, Ste 320, Chicago, IL 60631
Item 2.
(a) Name of Person Filing
Perkins Capital Management, Inc.
(b) Address of Principal Business Office or, if none, residence
730 East Lake Street
Wayzata, MN 55391-1769
(c) Citizenship
Minnesota Corporation
(d) Title of Class of Securities
Common Stock
(e) CUSIP Number
055176-10-1
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) (6) of the Act
(d) /_/ Investment Company registered under section 8 of the
Investment Company Act.
(e) /X_/ 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 240.13d-1 (b) (1) (ii) (F)
(g) /_/ Parent Holding Company, in accordance with
240.13d-1 (b) (ii) (G) (Note: See Item 7)
SEC 1745 (2/92) Page 3 of 5 pages
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CUSIP No. 055176-10-1 13G Page 4 of 5 pages
(h) /_/ Group, in accordance with 240.13d-1(b) (1) (ii) (H)
Item 4. Ownership
If the percent of the class owned, as of December 31 of the year covered by
the statement, or as of the last day of any month described in Rule 13d-1
(b) (2), if applicable, exceeds five percent, provide the following
information as of that date and identify those shares which there is a right
to acquire.
(a) Amount Beneficially Owned
532,050
(b) Percent of Class
6.9%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
5,250
(ii) shared power to vote or to direct the vote
0
(iii) sole power to dispose or to direct the disposition of
532,050
(iv) shared power to dispose or to direct the disposition of
0
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
Item 6. Ownership of more than Five Percent on Behalf of Another Person.
None
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company
None
Item 8. Identification and Classification of Members of the Group
None
Item 9. Notice of Dissolution of Group
None
SEC 1745 (2/92) Page 4 of 5 pages
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CUSIP No. 055176-10-1 13G Page 5 of 5 pages
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.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information se forth in this statement is true, complete
and correct.
January 30, 1998
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Date
By /s/ Bradley A. Erickson
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Signature
Bradley A. Erickson, Vice President
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Name/Title
SEC 1745 (2/92) Page 5 of 5 pages
