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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No.: 1
Name of Issuer: Jumbo Sports, Inc.
Title of Class of Securities: Common Stock
CUSIP Number: 481386100
(Name, Address and Telephone Number of Person
Authorized To Receive Notices and Communications)
Peter A. Wright, P.A.W. Capital Corp., 10 Glenville Street,
Greenwich, CT 06831-3638; (203) 531-5400
(Date of Event which Requires Filing of this Statement)
November 11, 1997
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 [ ].
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 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).
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CUSIP No. 481386100
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Peter A. Wright
2. Check the Appropriate Box if a Member of a Group
a.
b. x
3. SEC Use Only
4. Source of Funds
WC
5. Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e)
6. Citizenship or Place of Organization
U.S.
Number of Shares Beneficially Owned by Each Reporting Person
With:
7. Sole Voting Power:
10,200
8. Shared Voting Power:
892,000
9. Sole Dispositive Power:
10,200
10. Shared Dispositive Power:
892,000
11. Aggregate Amount Beneficially Owned by Each Reporting Person
902,200
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares
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13. Percent of Class Represented by Amount in Row (11)
4.4%
14. Type of Reporting Person
IN
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CUSIP No. 481386100
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
P.A.W. Capital Corp.
2. Check the Appropriate Box if a Member of a Group
a.
b. x
3. SEC Use Only
4. Source of Funds
WC
5. Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e)
6. Citizenship or Place of Organization
Delaware
Number of Shares Beneficially Owned by Each Reporting Person
With:
7. Sole Voting Power:
8. Shared Voting Power:
892,000
9. Sole Dispositive Power:
10. Shared Dispositive Power:
892,000
11. Aggregate Amount Beneficially Owned by Each Reporting Person
892,000
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares
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13. Percent of Class Represented by Amount in Row (11)
4.4%
14. Type of Reporting Person
CO
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The purpose of this Amendment No. 1 to the previously filed
Schedule 13D is to report that the ownership of Mr. Peter A.
Wright and P.A.W. Capital Corp. ("P.A.W.", and, together with Mr.
Wright, the "Reporting Persons") in the Common Stock (the "Common
Stock") of Jumbo Sports, Inc. (the "Company") has decreased from
6.2% and 6.1%, respectively, to 4.4% and 4.4%, respectively, of
the Company's outstanding Common Stock. All capitalized terms
not defined herein have the meanings given them in the original
Schedule 13D.
Item 1. Security and Issuer
___________________
No change.
Item 2. Identity and Background
_______________________
No change.
Item 3. Source and Amount of Funds or Other Consideration
_________________________________________________
As of the date hereof, Mr. Wright is deemed to
beneficially own 902,200 shares of the Company's Common
Stock, of which 892,000 shares are deemed to be
beneficially owned by P.A.W. All 892,000 shares of
Common Stock are held by the Funds or by managed
accounts over which Mr. Wright or P.A.W. has investment
discretion. 10,200 shares of Common Stock are held in
Mr. Wright's personal accounts or accounts over which
Mr. Wright has Power of Attorney. The funds for the
purchase of the Common Stock held in the Funds or
managed accounts over which the Reporting Persons have
investment discretion have come from each entity or
account's own funds or from margin loans entered into in
the ordinary course of business.
Item 4. Purpose of Transactions
_______________________
No change.
Item 5. Interest in Securities of Issuer
________________________________
As of the date hereof, Mr. Wright is deemed to be the
beneficial owner of 902,200 shares of the Company's
Common Stock, of which 892,000 shares are deemed to be
beneficially owned by P.A.W. Based on the Company's
Form 10-Q filed on August 1, 1997, as of August 1, 1997
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there were 20,364,377 shares of the Company's Common
Stock outstanding. Therefore, Mr. Wright and P.A.W. are
deemed to beneficially own 4.4% and 4.4%, respectively,
of the Company's outstanding shares of Common Stock.
The Reporting Persons ceased to be deemed to be the
beneficial owners of more than 5% of the Company's
outstanding Common Stock on November 11, 1997. The
Reporting Persons have the power to vote, direct the
vote, dispose of or direct the disposition of all the
shares of the Company's Common Stock that they currently
are deemed to beneficially own.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer
______________________________________________________
No change.
Item 7. Material to be Filed as Exhibits
________________________________
Attached hereto as Exhibit A is a description of
the transactions in the Common Stock of the Company
that were effected by the Reporting Persons during
the 60 days prior to November 11, 1997 through the
date of this filing.
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Signature
The undersigned, after reasonable inquiry and to
the best of their knowledge and belief, certify that the
information set forth in this statement is true, complete
and correct.
P.A.W. Capital Corp.
By: /s/ Peter A. Wright
_____________________________
Peter A. Wright, President
/s/ Peter A. Wright
_________________________________
Peter A. Wright
November 17, 1997
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Exhibit A
Daily Transactions
Common Stock
Transaction Number of Shares Price
Date Purchased or (Sold) Per Share
___________ ___________________ __________
10/16/97 (16,000) $3.56
10/16/97 (13,000) 3.63
10/22/97 (42,600) 3.75
10/30/97 (22,400) 3.00
11/6/97 (27,000) 3.00
11/11/97 (188,000) 2.94
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00123001.AR7
