SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No. 2
JALATE LTD.
(Name of issuer)
COMMON STOCK
(Title of class of securities)
470145103
(CUSIP number)
Don A. Sanders, 3100 Chase Tower
Houston, Texas 77002 (713) 224-3100
(Name, address and telephone number of person
authorized to receive notices and communications)
June 15, 1998
(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 pervious 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)
(Continued on following pages)
SCHEDULE 13D
CUSIP No. 470145103 Page 2 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DON A SANDERS
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) (
(b) (
3 SEC USE ONLY
4 SOURCE OF FUNDS*
PF , 00
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(E) (
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
7 SOLE VOTING POWER
NUMBER OF
SHARES 343,000
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 343,000
10 SHARED DISPOSITIVE POWER
84,450
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
427,450
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* (
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.6%
14 TYPE OF REPORTING PERSON*
IN
NOTE: This filing includes all previous amendments
made to date. The Reporting Person received dispository
power from one of his clients not previously reported.
Item 1. Security and Issuer
No material change to the original Schedule 13D
filing to which this Amendment relates.
Item 2. Identity and Background
No material change to the original Schedule 13D
filing to which this Amendment relates.
Item 3. Source and Amount of Funds or Other Consideration
No material change to the original Schedule 13D filing
to which this Amendment relates.
Item 4. Purpose of Transaction.
The securities of the Issuer were acquired by the Reporting
Person and his Spouse ("Spouse") in open market transactions and
privately negotiated transactions and for the Clients for
investment purposes only. Sanders currently intends to review
continuously his equity interest in the Issuer and may or may not
seek involvement in the Issuer's affairs. Depending upon his
evaluation of the Issuer's business and prospects and upon future
developments, Sanders, or other entities that may be deemed to be
affiliates of Sanders, may from time to time purchase additional
securities of the Issuer, dispose of all or a portion of the
securities held by such person, or cease buying or selling shares.
Any such additional purchases of the securities may be in open
market or privately negotiated transactions or otherwise.
Except as described in this Item 4, the Reporting Person has
no present plans or proposals which relate or would result in:
(i) the acquisition by any person of additional securities of the
Issuer, or the disposition of securities of the Issuer, (ii)
an extraordinary corporate transaction such as a merger,
reorganization or liquidation, involving the Issuer or any
of its subsidiaries, (iii) a sale or transfer of a material
amount of assets of the Issuer or any of its subsidiaries,
(iv) any change in the present board of directors or management
of the Issuer, (v) any material change to the present
capitalization or dividend policy of the Issuer, (vi) any other
material change in the Issuer's business or corporate structure,
(vii) changes in the Issuer's charter, bylaws or instruments
corresponding thereto or other actions which may impede the
acquisition of control of the Issuer by any person, (viii)
causing a class of securities of the Issuer to be delisted from
a national securities exchange or to cease to be authorized to
be quoted on an inter-dealer quotation system of a registered
national securities association, (ix) a class of equity
securities of the Issuer becoming eligible for termination of
registration pursuant to Section 12(g)(4) of the Securities
Exchange Act of 1934, as amended, or (x) any actions similar
to any of those enumerated above.
Item 5. Interest in Securities of the Issuer.
The Reporting Person directly owns 343,000 shares
(The "Reporting Person Shares") of Common Stock and has the
shared power to dispose of or direct the disposition of 70,950
shares of Common Stock (the "Client Shares") of certain of the
Reporting Person's clients (the "Clients) from whom the
Reporting Person has been granted the right to dispose of or
direct the disposition of the Client Shares. The Reporting
Person's Spouse directly owns 13,500 shares of Common Stock
("Spousal Shares"). The Client Shares together with the
Reporting Person Shares and the Spousal Shares represent an
aggregate of 12.6% of the Common Stock.
The Reporting Person has the sole power to vote or
to direct the vote, and to dispose of or to direct the
disposition of the Reporting Person Shares and the shared
power to dispose of or to direct the disposition of the Client
Shares.
The Reporting Person claims no beneficial ownership
of dispositive powers with regard to the Spousal Shares.
The Reporting person has the right to receive or
the power to direct receipt of dividends from, or the proceeds
from the sale of, 343,000 shares of Common Stock, while the
applicable Client has the right to receive or the power to
direct receipt of dividends from, or the proceeds from the
sale of the applicable Client Shares.
The Spouse has the right to receive or the power
to direct receipt of dividends from, or the proceeds from the
sale of 13,500 shares of Common Stock.
(e) n/a
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer.
No material change to the original Schedule 13D filing
to which this Amendment relates.
Item 7. Materials to be Filed as Exhibits.
No material change to the original Schedule 13D filing to
which this Amendment relates.
Signature
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this filing
is true, correct and complete.
Dated September 21, 1998
_______________________________
/s/ Don A. Sanders
