<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
------------------------
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 and 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Quest Education Corporation f/k/a Educational Medical, Inc.
-----------------------------------------------------------
(Name of Issuer)
Common Stock
------------
(Title of Class of Securities)
00074835F 10 2
--------------
(CUSIP Number)
------------------------
Page 1 of 4 Pages
<PAGE> 2
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS Lawrence, Tyrrell, Ortale & Smith
IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION New York
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER -0-
-------------------------------------------------------------------
6 SHARED VOTING POWER -0-
-------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER -0-
-------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER -0-
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON -0-
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) -0-
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON PN
- --------------------------------------------------------------------------------
<PAGE> 3
Item 1(a): Name of Issuer: Quest Education Corporation f/k/a Educational
Medical, Inc.
Item 1(b): Address of Issuer's Principal Executive Offices:
1327 North Meadow Parkway, Suite 132
Roswell, GA 30076
Item 2(a) Name of Person Filing:
This Statement is being filed by Lawrence, Tyrrell, Ortale &
Smith ("LTOS"). LTOS is a New York limited partnership. Its
sole general partner is Lawrence Venture Partners, a New York
general partnership.
Item 2(b): Address of Principal Business Office or, if none, Residence:
200 31st Avenue North, Suite 200
Nashville, TN 37203-1205
Item 2(c): Place of Organization:
New York
Item 2(d): Title of Class of Securities:
Common Stock
Item 2(e): CUSIP Number: 74835 F 10 2
Item 3: Statements Filed Pursuant to Rules 13d-1(b) or 13d-2(b):
Not applicable
Item 4: Ownership.
(a) Amount Beneficially Owned:-0- shares of Common Stock
(b) Percent of Class: 0.0%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: -0-
(ii) shared power to vote or to direct the vote: -0-
` (iii) sole power to dispose or to direct the
disposition of: -0-
(iv) shared power to dispose or to direct the
disposition of: -0-
<PAGE> 4
Item 5: Ownership of Five Percent or Less of a Class:
LTOS previously held 995,307 shares of Quest Education
Corporation's Common Stock. LTOS disposed of all 995,307
shares in Quest Education Corporation's secondary offering
which closed in August 1998. LTOS owns no other shares of
Quest Education's stock, and thus, is no longer a reporting
person in relation to this stock.
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 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.
LAWRENCE, TYRRELL, ORTALE & SMITH
By: Lawrence Venture Partners,
General Partner
By: /s/ W. Patrick Ortale, III
---------------------------------------
W. Patrick Ortale, III, General Partner
Date: October 13, 1998
