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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Magten Asset Management Corp.
35 E. 21st St.
New York, New York
2. Date of Event Requiring Statement (Month/Day/Year)
March 27, 2000
3. IRS Number of Reporting Person
(Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Imperial Parking Corporation
IPK
5. Relationship of Reporting Person(s) to Issuer (Check all
applicable)
( ) Director (X) 10% Owner* ( ) Officer (give title
below) ( ) Other (specify below)
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
Table I -- Non-Derivative Securities Beneficially Owned
1. Title of Security 2. Amount of 3. Ownership 4. Nature of Indirect
Securities Form: Beneficial Ownership
Beneficially Direct(D) or
Owned Indirect(I)
Common Stock 225,743 I **
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Table II -- Derivative Securities Beneficially Owned
<TABLE>
<S> <C> <C> <C> <C> <C>
1.Title of 2.Date Exer- 3.Title and Amount 4. Conver- 5. Ownership 6. Nature of
Derivative cisable and of Securities sion or Form of Indirect
Security Expiration Underlying Exercise Derivative Beneficial
Date Derivative Security Price of Security:
Ownership
(Month/Day/ --------------- Deri- Direct(D) or
Year) Title Amount or vative Indirect (I)
--------------- Number of Security
Date Expira- Shares
Exer- tion
cisable Date
</TABLE>
Explanation of Responses:
* The Reporting Person may be deemed to be a member of a group
holding equity securities of the Issuer. The filing of this
report shall not be deemed to be an admission that the Reporting
Person is a member of such a group.
** The Reporting Person disclaims beneficial ownership of these
securities except to the extent of its pecuniary interest
therein, and this report shall not be deemed an admission that
the Reporting Person is the beneficial owner of such securities
for purposes of Section 16 or for any other purposes.
SIGNATURE OF REPORTING PERSON
Magten Asset Management Corporation
/s/ Talton R. Embry
___________________________
Talton R. Embry
Chairman and Chief
Investment Officer
DATE
April 20, 2000
2
01651001.AU4
