SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Securities and Exchange Commission
Washington, D.C. 20549
Interscience Computer Corporation
(Name of Issuer)
Common 46069K106
(Title of Class of Securities) (CUSIP Number)
Robert C. Pearson
Renaissance Capital Group, Inc.
8080 N. Central Expressway, Suite 210, LB 59, Dallas, TX 75206
(214) 891-8294
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
September 18, 1998
(Date of Event which Requires Filing of this Statement)
1. Names of Reporting Person's S.S. or I.R.S. Identification No.
a. Renaissance Capital Growth & Income Fund III, Inc. 75-2533518
2. Check the Appropriate Box if a Member of a Group
(a)
(b)
3. SEC Use Only
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4. Source of Funds PF
5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) None
6. Citizenship or Place of Organization a. Texas
b.
Number of Shares Beneficially Owned by Each Reporting Person With:
7. Sole voting Power (a) 2,250,000 (b) 0
8. Shared Voting Power 0
9. Sole Dispositive Power (a) 2,250,000 (b) 0
10. Shared Dispositive Power 0
11. Aggregate Amount Beneficially Owned by Each Reporting Person 2,250,000
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares None
13. Percent of Class Represented by Amount in Row (11)
(a)39.47% (b) 0
14. Type of Reporting Person IV
SCHEDULE 13D
Filed Pursuant to Rule 13D-1
Item 1. Security and Issuer
This statement relates to the Common Stock and Warrants of Interscience
Computer Corporation (the "Company").
Interscinece Computer Corporation Company
5236 Colodny Drive, Ste. 100
Agoura Hills, California 91301
Item 2. Identity and Background
a., b., c.
Renaissance Capital Growth &Income Fund III, Inc. Filer
8080 N. Central Expressway, Suite 210
Dallas, Texas 75206
Renaissance Capital Group, Inc. Investment Advisor to the Filers
8080 N. Central Expressway, Suite 210
Dallas, Texas 75206
Renaissance Capital Growth & Income Fund III, Inc. is a Texas
corporation, was organized as a business development company under the
Investment Company Act of 1940, as amended.
Renaissance Capital Group, Inc., a Tecas corporation, is the Investment
Advisor and is responsible for the administration of Filer's investment
portfolio.
d. None
e. None
f. Texas
Item 3. Source and Amount of Funds or Other Consideration
As part of the Company's Plan of Reorganization, Filer's shares of the
Company's Preferred Stock were exchanged for 1,750,000 shares of
Common Stock and 500,000 two-year warrants.
Item 4. Purpose of Transaction
The sole purpose of the acquisition of these securitiey is as an
investment in accordance with Filer's election as a Business Development
company under the Investment Act of 1940, as amended.
Filer has designated one member of the Board of Directors, Robert C.
Pearson.
Item 5. Interest in Securities of the Issuer
a. Filer owns 1,750,000 shares of Common Stock and 500,000 warrants.
b.
c. Inapplicable.
d. Inapplicable.
e. Inapplicable.
Item 6. Contracts, Arrangements, or Understandings with Respect to
Securities of the Issuer
None.
Item 7. Persons Retained, Employed or to be Compensated
Robert C. Pearson, a director of the Company, is Senior Vice President-
Corporate Finance of the Investment Advisor. Outside directors of the
Company receive $1,000 per meeting and are reimbursed for their out-of-
pocket expenses.
Item 8. Material to be Filed as Exhibits
Inapplicable.
After reasonable inquiry and to the best of his individusl knowledge and
belief, the signatory below certifies that the information set forth in this
statement is true, complete, and correct.
The person whose signature appears below agrees that this statement on
Amentment No. 1 to Schedule 13D is filed on his behalf.
Executed as of September 24, 1998
RENAISSANCE CAPITAL GROWTH & INCOME FUND III, Inc.
By Renaissance Capital Group, Inc., Investment Advisor
By: /s/ Russell Cleveland
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Russell Cleveland, President
