UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Tops Appliance City, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
890910102
(CUSIP Number)
c/o Greenbaum, Rowe, Smith, Ravin, Davis & Himmel
W. Raymond Felton, Esq.,
99 Wood Avenue South,
P.O. Box 5600,
Woodbridge, New Jersey 07095
(Name, Address and Telephone Number of Person
Authorized to Receive Notice and Communications)
June 1, 1996
(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 ___.
Check the following box if a fee is being paid with the statement
____. (A fee is not required only if the reporting person:
(1) has a previous statement on file reporting beneficial
ownership of more than five percent of the class of securities
described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent
or less of such class.) (See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for
other parties to whom copies are to be sent.
*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 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).
<PAGE>
SCHEDULE 13D
CUSIP NO. 890910 10 2 Page 2 of 4 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Leslie S. Turchin Social Security 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 PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ___
Not Applicable
6. CITIZENSHIP OF PLACE OF ORGANIZATION
United States
NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY 2,098,337
OWNED BY
EACH 8. SHARED VOTING POWER
REPORTING
PERSON 40,000
WITH
9. SOLE DISPOSITIVE POWER
2,098,337
10. SHARED DISPOSITIVE POWER
40,000
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,138,337
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* ___
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.48%
14. TYPE OF REPORTING PERSON*
IN
<PAGE>
Item 1. Security and Issuer
This Schedule 13D relates to the Common Stock, no par value
(the "Common Stock") of Tops Appliance City, Inc. (the "Company")
whose principal executive offices are located at 45 Brunswick
Avenue, Edison, New Jersey 08818.
Item 2. Identity and Background
(a) This Schedule 13D is being filed by Leslie S. Turchin
(the "Reporting Person").
(b) The business address of the Reporting Person is 45
Brunswick Avenue, Edison, New Jersey 08818.
(c) The Reporting Person is the Chairman of the Company.
(d) During the last five (5) years, the Reporting Person
has not been convicted in a criminal proceeding
(excluding traffic violations and similar misdemeanors).
(e) During the last five (5) years, the Reporting Person
was not a party to a civil proceeding of a civil or
administrative body of competent jurisdiction as a result of
which proceeding the Reporting Person was or is subject to
a judgment, decree or final order enjoining future violations of,
or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect to
such laws.
(f) The Reporting Person is a citizen of the United States
of America.
Item 3. Source and Amount of Funds or Other Consideration
The Securities whose ownership is reported herein were
acquired out of personal funds.
Item 4. Purpose of Transaction
The securities whose ownership is reported herein were
acquired for investment purposes. The Reporting Person
is the founder of the Company. The Reporting Person has no
present plans to acquire or dispose of securities of the
Company, although he may from time to time acquire limited
amounts of shares of Common Stock. In his capacity as
a director of the Company, the Reporting Person voted to add two
individuals who have no other affiliation with the
Company to the Board of Directors.
Except as reported above, the Reporting Person has no plans
or proposals which relate to or would result in (a)
the acquisition by any person of additional securities of the
Company or the disposition of securities of the Company;
(b) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation involving the Company or any
of its subsidiaries; (c) a sale or transfer of a material amount
of assets of the Company or any of its subsidiaries; (d) any
change in the present Board of Directors of the Company,
including any plans or proposals to change the number or term
of directors or to fill any existing vacancies on the Board; (e)
any material change in the present capitalization or dividend
policy of the Company; (f) any other change in the Company's
business or corporate structure; (g) changes in the
Company's charter, by-laws or instruments corresponding thereto
or other actions which may impede the acquisition of
control of the Company by any person; (h) causing a class of the
Company's securities to cease to be authorized to be
quoted on the National Association of Securities Dealers
Automated Quotation System (NASDAQ); (i) any class of equity
securities of the Company becoming eligible for termination of
registration pursuant to Section 12(g)(4) of the Securities
Exchange Act of 1934; or (j) any action similar to any of those
enumerated above.
Item 5. Interest in Securities of the Issuer
(a) and (b) The Reporting Person is the beneficial owner of
2,138,337 shares of the Company's Common Stock, which represents 29.48% of the
Company's outstanding Common Stock. The Reporting Person has the sole power
to vote and to dispose of 2,098,337 of such shares.
(c) Not applicable.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
There are no contracts, arrangements, understandings or
relationships (legal or otherwise) involving the Reporting
Person with respect to the securities of the Company except for
an expired agreement between Donaldson, Lufkin &
Jenrette Securities Corporation, as Representative of the
Underwriters, and the Reporting Person who had agreed not to
dispose of Common Stock during the 80-day period beginning August
11, 1992.
Item 7. Material to be Filed as Exhibits
Not applicable.
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.
June 27, 1996 /s/ Leslie S. Turchin
___________________ ________________________
Date Signature
Leslie S. Turchin
________________________
Name/Title
