<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
(Rule 13d-102)
Under the Securities Exchange Act of 1934
(Amendment No. 2 )*
---
Owosso Corporation
--------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
--------------------------------------
(Title of Class of Securities)
691217 10 3
--------------------------------------
(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>
_____________________
CUSIP No. 691217 10 3 13G/A PAGE 2 OF 4 PAGES
_____________________
________________________________________________________________________________
1 | NAME OF REPORTING PERSON
| IRS IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
|
| John F. Northway, Sr.
________|_______________________________________________________________________
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
| (b) [ ]
________|_______________________________________________________________________
3 | SEC USE ONLY
________|_______________________________________________________________________
4 | CITIZENSHIP OR PLACE OF ORGANIZATION
| U.S.A.
________|_______________________________________________________________________
| |
| 5 | SOLE VOTING POWER
| | 668,949
|_____|__________________________________________________________
NUMBER OF | |
SHARES | 6 | SHARED VOTING POWER
BENEFICIALLY | | -0-
OWNED BY |_____|__________________________________________________________
EACH | |
REPORTING | 7 | SOLE DISPOSITIVE POWER
PERSON WITH | | 668,949
|_____|__________________________________________________________
| |
| 8 | SHARED DISPOSITIVE POWER
| | -0-
_______________|_____|__________________________________________________________
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
| 668,949
_______|________________________________________________________________________
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
| CERTAIN SHARES* [ ]
_______|________________________________________________________________________
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
| 11.5%
_______|________________________________________________________________________
12 | TYPE OF REPORTING PERSON*
| IN
_______|________________________________________________________________________
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
_____________________
CUSIP No. 691217 10 3 13G/A PAGE 3 OF 4 PAGES
_____________________
Item 1(a) Name of Issuer:
Owosso Corporation (the "Issuer")
Item 1(b) Address of Issuer's Principal Executive Offices:
The Triad Building
2200 Renaissance Boulevard, Suite 150
King of Prussia, PA 19406
Item 2(a) Name of Person Filing:
John F. Northway, Sr.
Item 2(b) Address of Principal Business Office:
1340 Gulf Boulevard #20A
Clearwater, FL 34630
Item 2(c) Citizenship:
United States of America
Item 2(d) Title of Class of Securities:
Common Stock, par value $.01 per share ("Common Stock")
Item 2(e) CUSIP Number:
391217 10 3
Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
Not applicable
Item 4 Ownership.
(a) Amount Beneficially Owned: 668,949
(b) Percent of Class: 11.5%
<PAGE>
_____________________
CUSIP No. 691217 10 3 13G/A PAGE 4 OF 4 PAGES
_____________________
(c) Number of shares of Common Stock as to which such
person has:
(i) sole power to vote or to direct the vote 668,949
(ii) shared power to vote or to direct the vote -0-
(iii) sole power to dispose or to direct the 668,949
disposition of
(iv) shared power to dispose or to direct the -0-
disposition of
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.
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 5, 1998
/s/ John F. Northway, Sr.
-------------------------------
John F. Northway, Sr.
