FLECK SHELDON
SC 13D/A, 1996-11-27
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13D

                    Under the Securities Exchange Act of 1934
                               (Amendment No. 1 )*



                          Grow Biz International, Inc.
- -------------------------------------------------------------------------------
                                (Name of Issuer)


                                  Common Stock
- -------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   399817 10 5
                      -------------------------------------
                                 (CUSIP Number)

                                Sheldon T. Fleck
                            1400 International Centre
                             900 Second Avenue South
                          Minneapolis, Minnesota 55402
                                 (612) 376-7489
- -------------------------------------------------------------------------------
   (Name, Address and Telephone Number of Person Authorized to Receive Notices
                              and Communications)


                                November 21, 1996
                     ---------------------------------------
             (Date of Event which Requires Filing of this Statement)



If the filing person has previously  filed a statement on Schedule 13G to report
the  acquisition  which is the subject of this  Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].

Check the following box if a fee is being paid with the statement [ ]. (A fee is
not required only if the reporting person:  (1) has a previous statement on file
reporting  beneficial  ownership  of more  than  five  percent  of the  class of
securities  described  in Item 1;  and (2) has  filed  no  amendment  subsequent
thereto reporting  beneficial  ownership of five percent or less of such class.)
(See Rule 13d-7.)

Note: Six copies of this statement, including all exhibits, should be filed with
the  Commission.  See Rule  13d-1(a) for other  parties to whom copies are to be
sent.

*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
disclosures provided in a prior cover page.

The information required on 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).

                                Page 1 of 6 Pages


<PAGE>



                                  SCHEDULE 13D
CUSIP No.  399817 10 5                                   Page 2 of  6   Pages


- -------------------------------------------------------------------------------
1             NAME OF REPORTING PERSON
              S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

              Sheldon T. Fleck
              S.S.# ###-##-####
- -------------------------------------------------------------------------------
2             CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a) [ ]
                                                                        (b) [ ]


- -------------------------------------------------------------------------------
3             SEC USE ONLY
- -------------------------------------------------------------------------------
4             SOURCE OF FUNDS*

              PF, OO
- -------------------------------------------------------------------------------
5             CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
              TO ITEMS 2(d) or 2(e)                                         [ ]
- -------------------------------------------------------------------------------
6             CITIZENSHIP OR PLACE OF ORGANIZATION

              U.S.A.
- -------------------------------------------------------------------------------
NUMBER OF         7            SOLE VOTING POWER
SHARES
BENEFICIALLY                   399,000
OWNED BY          -------------------------------------------------------------
EACH              8            SHARED VOTING POWER
REPORTING
PERSON                         0 
WITH              -------------------------------------------------------------
                  9            SOLE DISPOSITIVE POWER

                               399,000
                  -------------------------------------------------------------
                  10           SHARED DISPOSITIVE POWER

                               0
- -------------------------------------------------------------------------------
11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

              399,000
- -------------------------------------------------------------------------------
12  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*   [X]
              Excludes  80,000  shares held by reporting  person's  spouse as to
              which reporting person disclaims beneficial ownership.
- -------------------------------------------------------------------------------
13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

              6.38%
- -------------------------------------------------------------------------------
14            TYPE OF REPORTING PERSON*

                IN
- -------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!
          INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
      (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.


<PAGE>



                                  SCHEDULE 13D
CUSIP No.  399817 10 5                                    Page 3 of 6    Pages

- -------------------------------------------------------------------------------
1             NAME OF REPORTING PERSON
              S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

              Terry K. Fleck
              S.S.# ###-##-####

- -------------------------------------------------------------------------------
2             CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a) [ ]
                                                                        (b) [ ]


- -------------------------------------------------------------------------------
3             SEC USE ONLY
- -------------------------------------------------------------------------------
4             SOURCE OF FUNDS*

              PF, OO
- -------------------------------------------------------------------------------
5             CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 
              TO ITEMS 2(d) or 2(e)                                         [ ]
- -------------------------------------------------------------------------------
6             CITIZENSHIP OR PLACE OF ORGANIZATION

              U.S.A.
- -------------------------------------------------------------------------------
NUMBER OF            7            SOLE VOTING POWER
SHARES
BENEFICIALLY                      80,000
OWNED BY             ----------------------------------------------------------
EACH                 8            SHARED VOTING POWER
REPORTING
PERSON                            0
WITH                 ----------------------------------------------------------
                     9            SOLE DISPOSITIVE POWER

                                  80,000
                     ----------------------------------------------------------
                     10           SHARED DISPOSITIVE POWER

                                  0
- -------------------------------------------------------------------------------
11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

              80,000
- -------------------------------------------------------------------------------
12    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X]
              Excludes  399,000 shares held by reporting  person's  spouse as to
              which reporting person disclaims beneficial ownership.
- -------------------------------------------------------------------------------
13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                1.28%
- -------------------------------------------------------------------------------
14            TYPE OF REPORTING PERSON*

                IN
- -------------------------------------------------------------------------------


<PAGE>



                                  SCHEDULE 13D


Item 1.   Security and Issuer.

          This filing  relates to Common Stock of Grow Biz  International,  Inc.
          (the   "Issuer"),   4200  Dahlberg   Drive,   Minneapolis,   Minnesota
          55422-4837.


Item 2.   Identity and Background.

          No change.


Item 3.   Source and Amount of Funds or Other Consideration.

          No change.


Item 4.   Purpose of the Transaction.

          No change.


Item 5.   Interest in Securities of the Issuer.

          Sheldon  T.  Fleck  beneficially  owns  399,000  shares  of  Grow  Biz
          International,  Inc. Common Stock  representing 6.38% of the shares of
          Common Stock outstanding based on  representations by the Issuer as to
          the total number of shares of Common Stock outstanding.  Mr. Fleck has
          sole voting and investment power over such shares. Mr. Fleck disclaims
          any beneficial ownership of all shares held by Terry K. Fleck.

          Terry  K.  Fleck   beneficially   owns  80,000   shares  of  Grow  Biz
          International,  Inc. Common Stock  representing 1.28% of the shares of
          Common Stock outstanding based on  representations by the Issuer as to
          the total number of shares of Common Stock outstanding.  Ms. Fleck has
          sole voting and investment power over such shares. Ms. Fleck disclaims
          any beneficial ownership of all shares held by Sheldon T. Fleck.

          The investors  are filing this joint  Schedule 13D because they may be
          deemed to be a group  within the  meaning of Section  13(d)(3)  of the
          Securities  Exchange Act of 1934 (the  "Exchange  Act") or each may be
          deemed to  beneficially  own the shares  held by the  other.  However,
          neither the filing of this  Schedule nor any of its contents  shall be
          deemed to constitute  an admission  that Sheldon T. Fleck and Terry K.
          Fleck are a group for the purpose of Section 13(d) of the Exchange Act
          or for any other purpose or that either is the beneficial owner of any
          of the shares held by the other.





<PAGE>



        
          Sheldon T. Fleck effected the following  transactions  in the Issuer's
          Common Stock during the prior sixty days:

                                                         Number of     Price Per
          Transaction                 Trade Date           Shares        Share

          Open market purchase        10/10/96              4,600        $9.31
          Open market purchase        11/05/96              9,400        $8.88
          Open market purchase        11/08/96              3,000        $8.88
          Open market purchase        11/20/96              6,600        $8.88
          Open market purchase        11/21/96             80,000        $8.81

          Terry K. Fleck effected no  transactions  in the Issuer's Common Stock
          during the prior sixty days.


Item 6.   Contracts, Arrangements, Understandings or Relationships with Respect
          to Securities of the Issuer.

          None.


Item 7.   Material to be Filed as Exhibits.

          1.   Agreement to File Jointly--incorporated by reference to Exhibit 1
               to Schedule 13D dated September 3, 1996.



                                    SIGNATURE

     After  reasonable  inquiry and to the best of our knowledge and belief,  we
certify that the information  set forth in this statement is true,  complete and
correct.

                  Date:     November 26, 1996.


                                            By:      /s/ Sheldon T. Fleck
                                                 Sheldon T. Fleck

                                            By:      /s/ Terry K. Fleck
                                                 Terry K. Fleck


                                   Page 5 of 6


<PAGE>




                          EXHIBIT INDEX TO SCHEDULE 13D


  EXHIBIT NUMBER        DESCRIPTION

       1                Agreement to File Jointly--incorporated by reference
                        to Exhibit 1 to Schedule 13D dated September 3, 1996.



                                   Page 6 of 6



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