UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
ASECO CORP.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
1) Name of Reporting Person:
C.E. UNTERBERG, TOWBIN ADVISORS, L.P.
IRS Identification No:
13-3707774
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2) Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ ]
________________________________________________________________________
3) SEC Use only
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4) Citizenship or Place of Organization
600 Third Avenue, 17th Fl.
New York, NY 10158
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Number of 5) Sole Voting Power
Shares 268,000
Beneficially
Owned by 6) Shared Voting Power
Each 0
Reporting 7) Sole Dispositive Power
Person 268,000
With
8) Shared Dispositive Power
0
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9) Aggregate Amount Beneficially Owned By Each Reporting Person
268,000
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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
7.21%
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12) Type of Reporting Person*
INVESTMENT ADVISER - IA
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ITEM 1
(a) Name of Issuer:
ASECO CORP.
(b) Address of Issuer's Principal Executive Offices:
500 DONALD LYNCH BLVD., MARLBORO, MA 01752
ITEM 2
(a) Name of Person Filing:
ROBERT M. MATLUCK
C.E. UNTERBERG, TOWBIN ADVISORS, L.P.
(b) Address of Principal Business Office or, if none, Residence:
C.E. UNTERBERG, TOWBIN ADVISORS, L.P.
600 THIRD AVE., 17TH FL., NEW YORK, NY 10158
(c) Citizenship:
DELAWARE LIMITED PARTNERSHIP
(d) Title of Class of Securities:
COMMON STOCK
(e) CUSIP Number:
043659101
ITEM 3 If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the person filing is a:
NOT APPLICABLE
(a) [ ] Broker or Dealer registered under Section 15 of the Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19) of the act
(d) [ ] Investment Company registered under section 8 of the Investment
Company Act
(e) [ ] Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974
or endowment Fund; see 240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with 240.13d-1(b)(ii)(G)
(Note: see item 7)
(h) [ ] Group, in accordance with 240.13-d-1(b)(1)(ii)(H)
ITEM 4 Ownership
(a) Amount Beneficially Owned:
268,000 shares
(b) Percent of Class
7.21%
(c) Number of shares as to which such person has:
(iii) sole power to dispose or to direct the disposition of
268,000 shares
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
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.
______________________________________
Robert M. Matluck
President
June 23, 1998
