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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
SOUTHERN ACCEPTANCE CORPORATION
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(Name of Issuer)
CLASS A COMMON STOCK ($0.10 PAR VALUE)
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(Title of Class of Securities)
842155103
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(CUSIP Number)
Check the following box if a fee is being paid with this statement
/x/. (A fee is not required only if the filing person: (1) has a
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previous 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 benefial ownership
of five percent or less of such class.) (See Rule 13d-7).
*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>
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CUSIP No. 842155103
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1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Dr. Roy W. Sweat - S.S. ###-##-####
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
N/A
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
270,698
6. SHARED VOTING POWER
NONE
7. SOLE DISPOSITIVE POWER
270,698
8. SHARED DISPOSITIVE POWER
NONE
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
270,698
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
N/A
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.17%
12. TYPE OF REPORTING PERSON*
Individual
___________________________
*SEE INSTRUCTION BEFORE FILLING OUT!<PAGE>
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13-G
Information Statement Pursuant to Rules 13d-1 and 13d-2
Item 1 (a) NAME OF ISSUER:
Southern Acceptance Corporation
Item 1 (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
277 Pat Mell Road, Suite A
Marietta, Georgia 30060
Item 2 (a) NAME OF PERSON FILING:
Dr. Roy W. Sweat
Item 2 (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
3274 Buckeye Road, N.E.
Atlanta, Georgia 30136
Item 2 (c) CITIZENSHIP:
United States of America
Item 2 (d) TITLE OF CLASS OF SECURITIES:
Class A Common Stock ($0.10 Par Value)
Item 2 (e) CUSIP NUMBER:
842155103
Item 3 Statements Filed Pursuant to Rules 13d-1(b) or 13d-
2(b):
Not Applicable
Item 4 (a) AMOUNT BENEFICIALLY OWNED:
I am the beneficial owner, as of December 31, 1994, of
270,698 shares of Class A Common Stock for the
purpose of Section 13(g) of the Securities Exchange Act
of 1934 by virtue of Rule 13d-3.
<PAGE>
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Item 4 (b) PERCENT OF CLASS
5.17%
Item 4 (c) NUMBER OF SHARES AS TO WHICH REPORTING PERSON HAS:
(i) Sole power to vote or to direct vote: 270,698
(ii) Shared power to vote or to direct the vote: N/A
(iii) Sole power to dispose or to direct the
disposition of: 270,698
(iv) Shared power to dispose or to direct the
disposition of: N/A
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
ACQUIRES 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<PAGE>
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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.
/s/ Roy W. Sweat
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Roy W. Sweat
Dated: December 17, 1995
