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United States
Securities and Exchange Commission
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2 )
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Novoste Corporation
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Name of Issuer
Common Stock
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(Title of class of Securities)
67010C 10 0
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(CUSIP Number)
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CUSIP NO. 67010C 10 0 13G Page 2 of 4 Pages
1. Name of Reporting Person: Noro-Moseley Partners III, L.P.
S.S. or I.R.S. Identification No.: 58-2127221
2. Check the Appropriate Box if a Member of a Group: Not applicable
3. SEC Use Only
4. Citizenship or Place of Organization: Georgia
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. Sole Voting Power: 399,537
6. Shared Voting Power: 0
7. Sole Dispositive Power: 399,537
8. Shared Dispositive Power 0
9. Aggregate Amount Beneficially Owned By Each Reporting Person: 399,537
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
11. Percent of Class Represented by Amount in Row 9: 3.9%
12. Type of Reporting Person: PN
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Schedule 13G
Item 1(a)
Name of Issuer: Novoste Corporation
Item 1(b)
Address of Issuer's Principal Executive Offices:
4350 International Boulevard
Suite C
Norcross, Georgia 30093
Item 2(a)
Name of Person Filing: Noro-Moseley Partners III, L.P.
Item 2(b)
Address of Principal Business Office of, if none, Residence:
9 North Parkway Square, 4200 Northside Parkway, N. W.
Atlanta, Georgia 30327
Item 2(c)
Citizenship: Georgia
Item 2(d)
Title of Class of Securities: Common Stock
Item 2(e)
CUSIP Number: 67010C 10 0
Item 3
This statement is not being filed pursuant to Rules 13d-1(b), or 13d-2(b).
Item 4
Ownership:
(a) Amount Beneficially Owned: 399,537
(b) Percent of Class: 3.9%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 399,537
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of: 399,537
(iv) Shared power to dispose or to direct the disposition of: 0
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Item 5
Ownership of Five Percent or Less of a Class: The reporting person has
ceased to be the beneficial owner of more than 5% of the class of securities -
as of 12/5/97, the reporting person owned 3.9%.
Item 6
Ownership of More than Five Percent on Behalf of Another Person: N/A
Item 7
Identification and Classification of the Subsidiary Which Acquired the Security
Being Reported on By the Parent Holding Company: N/A
Item 8
Identification and Classification of Members of the Group: N/A
Item 9
Notice of Dissolution of Group: N/A
Item 10
Certification: N/A
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.
December 5, 1997
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Date
NORO-MOSELEY PARTNERS III, L.P.
By: Moseley & Company III, L.L.C.
General Partner
/s/ Jack K. Kelly, Jr.
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Jack K. Kelly, Jr.
Member
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