UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
COLLINS, DOUGLAS C.
4243 Dunwoody Club Drive
Suite 200
Atlanta, GA 30350
USA
2. Issuer Name and Ticker or Trading Symbol
Buckhead America Corporation
BUCK
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
March 1998
5. If Amendment, Date of Original (Month/Year)
4/10/98
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
President and Chief Executive Officer
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock |3/9/98|P (2| |500 |A |7.375 (2) |12,600 |D | |
| (2) |) | | | | | | | |
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Common Stock | | | | | | |6,508 |I |(1) |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | | | | | | | | |
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
(1) By DC Hospitality, Inc. of which the reporting person owns
85%.
(2) This amendment is filed to include the reporting person's Confirming
Statement and to correct date, the price and the transaction code, which was
inadvertently shown as "A" in the original Form
4.
SIGNATURE OF REPORTING PERSON
DOUGLAS C. COLLINS by ROBERT F. DOW
DATE
April 23, 1998
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CONFIRMING STATEMENT
This Statement confirms that the undersigned has authorized and
designated Robert F. Dow or B. Joseph Alley, Jr. to execute and file on the
undersigned's behalf all Forms 3, 4 and 5 (including any amendments thereto)
that the undersigned may be required to file with the U.S. Securities and
Exchange Commission as a result of the undersigned's ownership of or
transactions in securities of Buckhead America Corporation. The authority of
Robert F. Dow or B. Joseph Alley, Jr. under this Statement shall continue until
the undersigned is no longer required to file Forms 3, 4 and 5 with regard to
the undersigned's ownership of or transactions in securities of Buckhead America
Corporation, unless earlier revoked in writing. The undersigned acknowledges
that Robert F. Dow or B. Joseph Alley, Jr. is not assuming any of the
undersigned's responsibilities to comply with Section 16 of the Securities
Exchange Act of 1934.
Dated as of April 10, 1998 /s/ Douglas C. Collins_
Douglas C. Collins
537943.1
