SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.1)*
WESTERN FIDELITY FUNDING, INC.
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(Name of Issuer)
$0.0001 Par Value Common Stock
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(Title of Class of Securities)
958176 10 9
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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).
<PAGE>
CUSIP No. 958176 10 9 13G Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gene E. Osborn
###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U. S. Citizen
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NUMBER OF 5 SOLE VOTING POWER
SHARES 1,487,500 shares
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH -0-
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 1,487,500 shares
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8 SHARED DISPOSITIVE POWER
-0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,487,500 shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
56.4%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
Page 3 of 5 Pages
Item 1. (a) Name of Issuer:
See Page 1
(b) Address of Issuer's Principal Executive Offices:
4704 Harlan Street, Suite 260, Denver, CO 80212
Item 2. (a) Name of Person Filing:
See Item 1 of Page 2
(b) Address of Principal Business Office:
4704 Harlan Street, Suite 260, Denver, CO 80212
(c) Citizenship:
See Item 4 of Page 2
(d) Title of Class of Securities:
See Page 1
(e) CUSIP Number:
See Page 1
Item 3. (a) through (h)
Not Applicable
<PAGE>
Page 4 of 5 Pages
Item 4. Ownership.
(a) Amount bveneficially owned: (as of December 31, 1996)
See Item 9 of Page 2
(b) Percent of class:
See Item 11 of Pasge 2
(c) Number of shares as to which person has:
(i) sole power to vote or to direct the vote
See Item 5 of Page 2
(ii) shared power to vote or to direct the vote
See Item 6 of Page 2
(iii) sole power to dispose or to direct the disposition of
See Item 7 of Page 2
(iv) shared power to dispose or to direct the disposition of
See Item 8 of Page 2
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.
Not Applicable
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.
<PAGE>
Page 5 of 5 Pages
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.
Date: February 12, 1997
By: /s/ Gene E. Osborn
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Gene E. Osborn
