<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(Amendment No. 2)*
JAYHAWK ACCEPTANCE CORPORATION
(Name of Issuer)
Common Stock, $.01 Par Value
(Title of Class of Securities)
472097-10-4
(CUSIP Number)
____________
*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).
Page 1 of 5
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JOHN D. CURTIS SCHEDULE 13G
CUSIP NO. 472097-10-4
<TABLE>
<S> <C> <C><C> <C>
=============================================================================================================
1 Name of Reporting Person John D. Curtis
I.R.S. Identification No. of Above Person (Entities Only)
=============================================================================================================
2 Check the Appropriate Box if a Member of a Group (See
Instructions) (a)
---
(b) X
---
=============================================================================================================
3 SEC Use Only
=============================================================================================================
4 Citizenship or Place of Organization United States
=============================================================================================================
Number of 5 Sole Voting Power 2,460,243
Shares
=============================================================
Beneficially 6 Shared Voting Power 112,107
Owned
=============================================================
by Each 7 Sole Dispositive Power 2,460,243
Reporting
=============================================================
Person 8 Shared Dispositive Power 112,107
With
=============================================================================================================
9 Aggregate Amount Beneficially Owned by Each Reporting Person 2,572,350
=============================================================================================================
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) 9.3
=============================================================================================================
12 Type of Reporting Person (See Instructions) IN
=============================================================================================================
</TABLE>
Page 2 of 5
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JOHN D. CURTIS SCHEDULE 13G
CUSIP NO.: 472097-10-4
Item 1.
(a) Name of Issuer:
--------------
Jayhawk Acceptance Corporation
(b) Address of Issuer's Principal Executive Offices:
-----------------------------------------------
Bryan Tower
2001 Bryan Street, Suite 600
Dallas, Texas 75201
Item 2.
(a) Name of Person Filing:
---------------------
John D. Curtis
(b) Address of Principal Business Office or, if none, Residence:
-----------------------------------------------------------
13455 Noel Road, Suite 900
Dallas, Texas 75240
(c) Citizenship:
-----------
United States
(d) Title of Class of Securities:
----------------------------
Common Stock, $.01 par value
(e) CUSIP Number: 472097-10-4
------------
Item 3. Not Applicable.
Item 4. Ownership
---------
The following information relates to the reporting person's
ownership of Common Stock, $.01 par value ("Common Stock"), of the issuer as of
December 31, 1997.
Page 3 of 5
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JOHN D. CURTIS SCHEDULE 13G
CUSIP NO.: 472097-10-4
(a) Amount Beneficially Owned:
-------------------------
John D. Curtis owns 2,460,243 shares of Common Stock, which includes
1,149,000 and 1,149,000 shares held by Mr. Curtis as trustee of the Court Hilton
Westcott 1987 Trust and the Chart Hampton Westcott 1987 Trust, respectively, as
to which Mr. Curtis disclaims beneficial ownership for all purposes except
Sections 13(d) and 13(g) of the Securities Exchange Act of 1934, and 15,000
shares of Common Stock Mr. Curtis has the right to acquire within 60 days under
options issued by the issuer. Additionally, Mr. Curtis has reported that he
beneficially owns (within the meaning of Rule 13d-3 under the Securities
Exchange Act of 1934) 112,107 additional shares of Common Stock owned by First
Extended, Inc. in the event he could be deemed to be a controlling person of
that company as the result of his official position with that company. The
existence of such control is expressly disclaimed and, as permitted by Rule 13d-
4, the filing of this statement shall not be construed as an admission that Mr.
Curtis is the beneficial owner of the Common Stock owned by First Extended, Inc.
Mr. Curtis serves as President of First Extended, Inc.
(b) Percent of Class:
----------------
9.3
(c) Number of shares as to which such person has:
--------------------------------------------
(i) sole power to vote or to direct the vote:
2,460,243 shares of Common Stock
(ii) shared power to vote or to direct the vote:
112,107 shares of Common Stock
(iii) sole power to dispose or to direct the disposition of:
2,460,243 shares of Common Stock
(iv) shared power to dispose or to direct the disposition of:
112,107 shares of Common Stock
Item 5. Ownership of Five Percent or Less of a Class.
--------------------------------------------
Not applicable.
Page 4 of 5
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JOHN D. CURTIS SCHEDULE 13G
CUSIP NO.: 472097-10-4
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
---------------------------------------------------------------
Of the shares of Common Stock owned by Mr. Curtis, 1,149,000 and
1,149,000 shares are held by him as trustee of the Court Hilton
Westcott 1987 Trust and the Chart Hampton Westcott 1987 Trust,
respectively.
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.
-------------
Not Applicable.
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.
Date: February 13, 1998
/s/ JOHN D. CURTIS
-------------------------------
JOHN D. CURTIS
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