PERFORMANCE CAPITAL LP
SC 13G, 2000-02-09
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                                                                 Page 1 of 7

                                UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C.  20549


                                SCHEDULE 13G

                  Under the Securities Exchange Act of 1934

                              (Amendment No.1)*

                              PRICESMART, INC.
- -----------------------------------------------------------------------------
                              (Name of Issuer)


                   Common Stock, $.01 par value per share
- -----------------------------------------------------------------------------
                       (Title of Class of Securities)


                                 741511 10 9
                            --------------------
                               (CUSIP Number)

                              December 31, 1999
- -----------------------------------------------------------------------------
           (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

     [ ]  Rule 13d-1(b)

     [X]  Rule 13d-1(c)

     [ ]  Rule 13d-1(d)

*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 the disclosures provided in a prior cover page.

The information required in 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).

                                SCHEDULE 13G

CUSIP No.  741511 10 9                                            Page 2 of 7
_____________________________________________________________________________
1    NAMES OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

     Performance Capital, L.P.
_____________________________________________________________________________
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP            (a) [X]

     (See Instructions)                                          (b) [ ]
_____________________________________________________________________________
3    SEC USE ONLY
_____________________________________________________________________________
4    CITIZENSHIP OR PLACE OF ORGANIZATION

     New York
_____________________________________________________________________________
               5    SOLE VOTING POWER

NUMBER OF           367,950

SHARES
               ______________________________________________________________
BENEFICIALLY   6    SHARED VOTING POWER

OWNED BY
               ______________________________________________________________
EACH           7    SOLE DISPOSITIVE POWER

REPORTING           367,950
               ______________________________________________________________
PERSON         8    SHARED DISPOSITIVE POWER

WITH
_____________________________________________________________________________
9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     367,950
_____________________________________________________________________________
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
     (See Instructions)

                                                                         [ ]
_____________________________________________________________________________
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     7.2% (based on 5,097,619 shares outstanding at 12/29/99)
_____________________________________________________________________________
12   TYPE OF REPORTING PERSON (See Instructions)

     PN
_____________________________________________________________________________



                                SCHEDULE 13G

CUSIP No.  741511 10 9                                            Page 3 of 7
_____________________________________________________________________________
1    NAMES OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

     Performance Capital II, L.P.
_____________________________________________________________________________
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP            (a) [X]

     (See Instructions)                                          (b) [ ]
_____________________________________________________________________________
3    SEC USE ONLY
_____________________________________________________________________________
4    CITIZENSHIP OR PLACE OF ORGANIZATION

     New York
_____________________________________________________________________________
               5    SOLE VOTING POWER

NUMBER OF           70,300

SHARES
               ______________________________________________________________
BENEFICIALLY   6    SHARED VOTING POWER

OWNED BY
               ______________________________________________________________
EACH           7    SOLE DISPOSITIVE POWER

REPORTING           70,300
               ______________________________________________________________
PERSON         8    SHARED DISPOSITIVE POWER

WITH
_____________________________________________________________________________
9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     70,300
_____________________________________________________________________________
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     (See Instructions)                                                  [ ]
_____________________________________________________________________________
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     1.4% (based on 5,097,619 shares outstanding at 12/29/99)
_____________________________________________________________________________
12   TYPE OF REPORTING PERSON (See Instructions)

     PN
_____________________________________________________________________________

                                SCHEDULE 13G

CUSIP No.  741511 10 9                                            Page 4 of 7
_____________________________________________________________________________
1    NAMES OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

     Performance Offshore, Ltd.
_____________________________________________________________________________
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP            (a) [X]

     (See Instructions)                                          (b) [ ]
_____________________________________________________________________________
3    SEC USE ONLY
_____________________________________________________________________________
4    CITIZENSHIP OR PLACE OF ORGANIZATION

     Cayman Islands
_____________________________________________________________________________
               5    SOLE VOTING POWER

NUMBER OF           57,300

SHARES
               ______________________________________________________________
BENEFICIALLY   6    SHARED VOTING POWER

OWNED BY
               ______________________________________________________________
EACH           7    SOLE DISPOSITIVE POWER

REPORTING           57,300
               ______________________________________________________________
PERSON         8    SHARED DISPOSITIVE POWER

WITH
_____________________________________________________________________________
9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     57,300
_____________________________________________________________________________
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     (See Instructions)                                                  [ ]
_____________________________________________________________________________
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     1.1% (based on 5,097,619 shares outstanding at 12/29/99)
_____________________________________________________________________________
12   TYPE OF REPORTING PERSON (See Instructions)

     CO
_____________________________________________________________________________

                                SCHEDULE 13G

CUSIP No.  741511 10 9                                           Page 5 of 7

Item 1.   Name of Issuer and Address

          (a)  The name of the issuer is Pricesmart, Inc., a Delaware
corporation ("PI").

          (b)  The principal executive offices of PI are located at 4649
Morena Boulevard, San Diego, CA 92117.

Item 2.   Identity, Address, Citizenship, Title of Class of Securities and
          CUSIP Number

Items 2(a), (b), (c)

          This statement on Schedule 13G ("Statement") is filed by
Performance Capital, L.P., a New York limited partnership ("PCI"),
Performance Capital II, L.P., a New York limited partnership ("PCII") and
Performance Offshore, Ltd, a Cayman Islands corporation ("POL"; PCI, PCII and
POL shall be referred to collectively as the "Group"; each member of the
Group being hereinafter referred to individually as a "Member" and
collectively as "Members"). Performance Capital, LLC, a New York limited
liability company ("PCLLC"), is the sole general partner of PCI and Brian
Warner is the sole manager of PCLLC.  Performance Management, LLC, a New York
limited liability company ("PMLLC"), is the sole general partner of PCII and
Brian Warner is the sole manager of PMLLC.  Performance Management Holding
Corp., a Delaware corporation ("PMHC"), is the sole investment manager of POL
and Brian Warner is the President and sole director of PMHC.  The address of
principal business office of PCI, PCII, PCLLC, PMLLC, PMHC and Brian Warner
is 767 Third Avenue, 16th Floor, New York, NY 10017.  The address of
principal business office of POL is Corporate Centre, West Bay Road, P.O. Box
31106 SMB, Grand Cayman, Cayman Islands, B.W.I.

Item 2(d), (e)

This Statement relates to the Common Stock, $.0001 per value per share (the
"PI Common Stock") of PI.  The CUSIP number for the PI Common Stock is 741511
10 9.

Item 3.   If this statement is filed pursuant to Sections 240.13d-1(b) or
          240.13d-2(b) or (c), check whether the person filing is a :

          Not Applicable

Item 4.   Ownership

Item 4(a), (b)

          PCI owns 367,950 shares of PI Common Stock, representing 7.2% of
PI's issued and outstanding shares (based on 5,097,619 shares outstanding at
December 29, 1999).  PCII owns 70,300 shares of PI Common Stock, representing
1.4% of PI's issued and outstanding shares (based on 5,097,619 shares
outstanding at December 29, 1999).  POL owns 57,300 shares of PI Common
Stock, representing 1.1% of PI's issued and outstanding shares (based on
5,097,619 shares outstanding at December 29, 1999).


                                SCHEDULE 13G

CUSIP No.  741511 10 9                                           Page 6 of 7

Item 4(c)

          Each Member is the sole beneficial owner of the securities
identified in subsection (a) above.  PCLLC, as the sole general partner of
PCI, has sole voting and dispositive power over the PI Common Stock owned by
PCI.  PMLLC, as the sole general partner of PCII, has sole voting and
dispositive power over the shares of PI Common Stock owned by PCII.  PMHC, as
the sole investment manager of POL, has sole voting and dispositive power
over the PI Common Stock owned by POL.

Item 5.   Ownership of Five Percent or Less of a Class

          Not Applicable

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 Holding 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

          By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held
for the purpose of or with the effect of changing or influencing the control
of the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose or
effect.


                                SCHEDULE 13G

CUSIP No.  741511 10 9                                           Page 7 of 7

                                  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.

Dated: February 9, 2000

                                   PERFORMANCE CAPITAL, L.P.
                                   By:  Performance Capital, LLC, General
                                        Partner

                                   By:  S/ BRIAN WARNER
                                   -----------------------------------------
                                        Brian Warner, Manager


                                   PERFORMANCE CAPITAL II, L.P.
                                   By:  Performance Management, LLC General
                                        Partner

                                   By:  S/ BRIAN WARNER
                                   -----------------------------------------
                                        Brian Warner, Manager


                                   PERFORMANCE OFFSHORE, LTD.

                                   By:  S/ CFS COMPANY LTD.
                                   -----------------------------------------
                                        Name:  CFS Company Ltd.
                                        Title: Director



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