UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Global Imaging Systems, Inc.
(Name of Issuer)
COMMON STOCK
(Title of Class Securities)
37934A100
(CUSIP Number)
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule
is filed:
X Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
*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).
CUSIP No. 37934A100
1.
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Jackson National Life Insurance Company
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
3.
SEC Use Only
4.
Citizenship or Place of Organization
Michigan
5.
Sole Voting Power
NONE
6.
Shared Voting Power
864,398
7.
Sole Dispositive Power
NONE
8.
Shared Dispositive Power
864,398
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
864,398
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
NOT APPLICABLE
11.
Percent of Class Represented by Amount in Row (9)
4.52%
12.
Type of Reporting Person (See Instructions)
IC
CUSIP No. 37934A100
1.
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
PPM America, Inc.
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b) X
3.
SEC Use Only
4.
Citizenship or Place of Organization
Michigan
5.
Sole Voting Power
NONE
6.
Shared Voting Power
864,398
7.
Sole Dispositive Power
NONE
8.
Shared Dispositive Power
864,398
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
864,398
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
NOT APPLICABLE
11.
Percent of Class Represented by Amount in Row (9)
4.52%
12.
Type of Reporting Person (See Instructions)
IA
Item 1.
a. Name of Issuer:
Global Imaging Systems, Inc.
b. Address of Issuer's Principal Executive Offices:
3820 NORTHDAYLE BLVD SUITE 200A
Tampa, Florida 33624
Item 2.
a. Name of Person Filing:
1. Jackson National Life Insurance Company ("JNL")
2. PPM America, Inc. ("PPM")
a. Address of Principal Business Office or, if none, Residence:
The address of JNL and PPM is:
225 West Wacker Drive, Suite 1200
Chicago, IL 60606
b. Citizenship:
Delaware
c. Title of Class of Securities:
Common Stock, $.01 par value (the "Securities")
d. CUSIP Number:
37934A100
Item 3. Type of Person:
a. JNL, a Michigan insurance corporation, is an insurance company
as defined in Section 3(a)(19) of the Exchange Act.
b. PPM is an investment adviser in accordance with Rule 13d-1(b)
(1)(ii)(E). All of the securities covered by this report are owned
legally by JNL, PPM's investment advisory client, and none are owned
directly or indirectly by PPM. As permitted by Rule 13d-4, the filing of
this statement shall not be construed as an admission that PPM is the
beneficial owner of any of the securities covered by this statement.
Item 4. Ownership (at December 31, 1999):
(a) Amount beneficially owned: 864,398
(b) Percent of class: 4.52%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: -0-
(ii) Shared power to vote or to direct the vote: 864,398
(iii) Sole power to dispose or to direct the disposition of: -0-
(iv) Shared power to dispose or to direct the disposition of: 864,398
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following [X].
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 issuers of such securities and were not
acquired in connection with or as a participant in any transaction having such
purpose or effect.
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 14, 2000
PPM America, Inc.
By: /s/ Paul Carter
Paul Carter
Vice President - Compliance
Jackson National Life Insurance
Company, a Michigan insurance corporation
By: PPM America, Inc.,
As Attorney-in-Fact
By: /s/ Paul Carter
Paul Carter
Vice President - Compliance
Joint Filing Agreement
In accorance with Rule 13d-1(f) under the Securities Exchange Acf of 1934, the
Persons or entities named below agree to the joint filing on behalf of each
Of them of this Schedule 13G with respect to the Securities of the Issuer and
Further agree that this joint filing agreement by included as an exhibit to
this
Schedule 13G. In evidence thereof, the undersigned hereby execute this Agree-
Ment as of the 14th day of February, 2000.
PPM America, Inc.
By: /s/ Paul Carter
Paul Carter
Vice President - Compliance
Jackson National Life Insurance
Company, a Michigan insurance corporation
By: PPM America, Inc.,
As Attorney-in-Fact
By: /s/ Paul Carter
Paul Carter
Vice President - Compliance
