United States
Securities and Exchange Commission
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Name of Issuer: IntegraMed America, Inc.
Title of Class of Securities: Common Stock
CUSIP Number: 45810N104
CUSIP No. 45810N104 Page 2 of 4 Pages
1. Name of Reporting Person Alphi Investment Management Company
IRS No. 36-3588013
2. Check the appropriate box if a member of a group (a) [ ] (b) [ ]
3. SEC Use Only
4. Citizenship or Place of Organization Illinois
5. Sole Voting Power 666,800
6. Shared Voting Power 153,800
7. Sole Dispositive Power 820,600
8. Shared Dispositive Power 0
9. Aggregate Amount Beneficially Owned by Each Reporting Person
820,600
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
11. Percent of Class Represented by Amount in Row 9 8.9%
12. Type of Reporting Person IA
CUSIP No. 45810N104 Page 3 of 4 Pages
Item 1(a). Name of Issuer
This Amendment No. 2 to the Schedule 13G relates to the Shares of
Common Stock of IntegraMed America, Inc. (the "Shares" and the "Company"
respectively).
Item 1(b). Address of Issuer's Principal Executive Offices
The executive offices of the Company are located at One
Manhattanville Road, Purchase, NY 10577.
Item 2(a). Name of Person Filing
This Amendment No. 2 to the Schedule 13G is being filed on
behalf of Alphi Investment Management Company ("AIMCO"), an Illinois
corporation.
Item 2(b). Address of Principal Business Office
The principal business offices of AIMCO are located at
155 Pfingsten Road, Suite 360, Deerfield, IL 60015.
Item 2(c). Citizenship
U.S.A.
Item 2(d). Title of Class of Securities
Common Stock
Item 2(e). CUSIP Number
45810N104
Item 3. Type of Person
Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940.
Item 4. Ownership
(a) Amount Beneficially Owned: 820,600
(b) Percent of Class: 8.9%
(c) Number of shares as to which person has:
(1) sole power to vote or to direct the vote: 666,800
(2) shared power to vote or to direct the vote: 153,800
(3) sole power to dispose or to direct the disposition of:
820,600
(4) 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
Alphi Fund L.P. ("Alphi"), a Delaware limited partnership is
the beneficial owner of 666,800 Common Shares, which is 7.2% of
the 9,226,807 Shares of the Company deemed to be outstanding as of
December 31, 1996. AIMCO, in its capacity as general partner of
Alphi, has the sole power to vote and sole power to dispose of
666,800 Common Shares owned by Alphi. Individual limited partners
of Alphi (but not the principals of AIMCO) may own Shares which are
not included in the aggregate number of Shares reported in Item 4 above.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding 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
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 purpose or effect.
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.
February 11, 1997
Date
/Philip R. Smith/
Signature
Philip R. Smith/Secretary
Name/Title
