SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE l3G
Under the Securities Exchange Act of l934
(Amendment No. 1)
IMNET Systems, Inc.
(Name of Issuer)
Common Stock, $0.01 par value
(Title and Class of Securities)
452921-10-9
(CUSIP Number)
407129.1
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CUSIP NO. 452921-10-9 Page 2 of 6
(l) Names of Reporting Persons S.S. or I.R.S. Identification
Nos. of Above Persons
Edgewater Private Equity Fund,L.P.
TI# 42-1382305
(2) Check the Appropriate Box if a Member of a Group
(a) .
(b) .
(3) SEC Use Only
(4) Citizenship or Place of Organization
United States
Number of (5) Sole Voting Power - 644,396
Shares Beneficially
Owned by Each (6) Shared Voting Power - 0
Reporting Person With
(7) Sole Dispositive Power - 644,396
(8) Shared Dispositive Power - 0
(9) Aggregate Amount Beneficially Owned by Each Reporting
Person
644,396 shares
(10) Check if Aggregate Amount in Row (9) Excludes Certain
Shares .
(11) Percent of Class Represented by Amount in Row 9
6.7 percent
(12) Type of Reporting Person
PN
407129.1
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CUSIP NO. 452921-10-9 Page 3 of 6
Item l(a). Name of Issuer:
This statement on Schedule 13G (the "Statement") relates to
the common stock (the "Common Stock") of IMNET Systems, Inc., a
Delaware corporation (the "Company").
Item l(b). Address of Issuer's Principal Executive Offices:
3015 Windward Plaza
Windward Fairways II
Alpharetta, Georgia 30202
Item 2(a). Name of Person Filing:
This Statement is being filed on behalf of Edgewater Private
Equity Fund, L.P., a Delaware limited partnership formed for
investment purposes (the "Purchaser").
Item 2(b). Address of Principal Business Office:
666 Grand Avenue - Suite 200
Des Moines, IA 50309
Item 2(c). Citizenship:
See item (4) of cover pages
Item 2(d). Title of Class of Securities:
Common Stock, $0.01 Par Value
Item 2(e). CUSIP Number:
452921-10-9
Item 3. Nature of Person Filing:
Not applicable
Item 4. Ownership:
(a) Amount Beneficially Owned:
As of 12/31/95, the Purchaser owned 987,618 shares of
Common Stock. As of 12/31/96, the Purchaser owned 644,396
shares of Common Stock.
(b) Percent of Class:
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CUSIP NO. 452921-10-9 Page 4 of 6
As of 12/31/95, the Purchaser owned 11.9% of the
outstanding shares of Common Stock of the Company (based upon
8,318,220 shares). As of 12/31/96, the Purchaser owned 6.7%
of the outstanding shares of Common Stock of the Company.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
See item (5) of cover pages
(ii) shared power to vote or to direct the vote:
See item (6) of cover pages
(iii) sole power to dispose or to direct the disposition
of:
See item (7) of cover pages
(iv) shared power to dispose or to direct the
disposition of:
See item (8) of cover pages
Item 5. Ownership of Five Percent or Less of Class:
[ ]
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
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CUSIP NO. 452921-10-9 Page 5 of 6
Item 10. Certification:
Not applicable
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CUSIP NO. 452921-10-9 Page 6 of 6
Signature.
After reasonable inquiry the undersigned certifies that to the
best of his knowledge and belief the information set forth in this
statement is true, complete and correct.
/s/ James Gordon 2/14/97
James Gordon Date
407129.1
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