SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
EFFICIENCY LODGE, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.10 PER SHARE
(Title of Class of Securities)
842155103
--------------
(CUSIP Number)
Roy E. Barnes
5342 Old Floyd Road
P.O. Box 635
Mableton, GA 30059
(770) 819-0039
--------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
December 31, 1996
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(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement of Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the
following box. / /
<PAGE>
SCHEDULE 13D
CUSIP NO. 842155103
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1 NAME OF REPORTING PERSON
S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Roy E. Barnes
_________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /x/
_________________________________________________________________
3. SEC USE ONLY
______________________________________________________________________
4. SOURCE OF FUNDS*
00
_________________________________________________________________________
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / /
______________________________________________________________________
6. CITIZENSHIP
United States of America
______________________________________________________________________
NUMBER OF 7. SOLE VOTING POWER
SHARES 496,195 Shares (48.3%)
BENEFICIALLY
OWNED BY __________________________________
EACH
REPORTING 8. SHARED VOTING POWER 0
PERSON WITH
__________________________________
9. SOLE DISPOSITIVE POWER
496,195 Shares (48.3%)
__________________________________
10. SHARED DISPOSITIVE POWER 0
____________________________________________________________________
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
496,195 shares
<PAGE>
____________________________________________________________
12. CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES / /
____________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.3%
____________________________________________________________
14. TYPE OF REPORTING PERSON
IN
____________________________________________________________
<PAGE>
Item 1. SECURITY AND ISSUER.
This statement (this "Statement") relates to the Common Stock par
value $.10 per share (the "Securities") of Efficiency Lodge, Inc.
(the "Issuer"), with principal executive offices located at 5342
Old Floyd Road, P.O. Box 635, Mableton, Georgia 30059.
Item 2. IDENTIFY AND BACKGROUND.
(a) Name: Roy E. Barnes
(b) Business address: 5342 Old Floyd Road
P.O. Box 635
Mableton, Georgia 30059
(c) Present occupation or employment and business address:
Attorney
Barnes, Browning, Tanksley & Casurella.
Suite 225
166 Anderson Street
Marietta, GA 30060
(d) Criminal proceedings: none.
(e) Securities related civil proceedings: none.
(f) Citizenship: United States of America
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The Securities were acquired pursuant to a merger of Efficiency
Lodge, Inc. ("ELI") with and into the Issuer (the "Merger"). The
Issuer's name was Southern Acceptance Corporation prior to the
Merger, and the name was changed in the Merger. In the Merger,
the reporting person received 496,195 shares (the "Acquired
Shares") of the Issuer, the surviving corporation, in exchange
for all of his capital stock of ELI.
Item 4. PURPOSE OF THE TRANSACTION.
The acquisition of the Acquired Shares was pursuant to the Merger
whereby ELI merged with and into the Issuer. This Merger allowed
the Issuer to diversify its business. The Merger provided ELI
with the benefits of being a public company.
<PAGE>
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The 496,195 Acquired Shares represent 48.3% of the currently
outstanding Securities of the Issuer and are all of the shares
owned by the Reporting Person.
(b) The Reporting Person has sole power to vote and dispose of
the Acquired Shares.
(c) No transactions have been effectuated during the past 60
days by the Reporting Person involving the Securities. The
Merger was effective December 31, 1996.
(d) None.
(e) Not Applicable.
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
An amount of Securities equal in number and percentage ownership
to the Acquired Shares is owned beneficially by the Reporting
Person's brother, W. Ray Barnes. The Reporting Person disclaims
membership in a group with his brother.
Item 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1: Agreement and Plan of Merger by and between Southern
Acceptance Corporation and ELI dated January 22,
1996, as amended on June 11, 1996 and September 6,
1996.
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.
Date: June 11, 1997
/s/ Roy E. Barnes
Roy E. Barnes
