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FORM 4 OMB APPROVAL
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|_| Check this box if no longer OMB Number 3235-0287
subject to Section 16. Form 4 Expires: April 30, 1997
or Form 5 obligations may Estimated average burden
continue. See Instruction 1(b). hours per response...0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(f) of the Investment Company Act of 1940
<TABLE>
<S> <C> <C>
- ------------------------------------------ ------------------------------------------- ------------------------------------------
1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
Issuer (Check all applicable)
Desmond, Dermot F. Mid-States PLC / MSADY _____ Director ___X___10% Owner
- ------------------------------------------ ------------------ ------------------------
(Last) (First) (Middle) 3. IRS or Social 4. Statement for _____ Officer (give title below)
Security Number Month/Year
IFSC House, Custom House Quay of Reporting June 1996 _____ Other (specify below)
- ------------------------------------------ Person ------------------------
(Street) (Voluntary) 5. If Amendment,
Date of Original _________________________________
Dublin 1, Ireland n/a (Month/Year)
- ------------------------------------------
(City) (State) (Zip) n/a
------------------ ------------------------ ------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
- -------------------------- ---------- ------------ ----------------------------------- --------------- ------------- ---------------
2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6.Owner- 7. Nature of
action action or Disposed of (D) Securities ship Indirect
Date Code (Instr. 3, 4 and 5) Beneficially Form: Beneficial
(Instr. 8) owned at Direct Ownership
(Month/ End of Month (D)or (Instr. 5)
Day/ (Instr. 3 Indirect
Year and 4) (I)
------------ ---------------------------------- (Instr.4)
------ ----- ------------- ------ -------------
Code V Amount (A)or Price
(D) (See Note 1)
- -------------------------- ---------- ------ ----- ------------- ------ -------------- ---------------- ------------- --------------
- -------------------------- ---------- ------ ----- ------------- ------ -------------- ---------------- ------------- --------------
Ordinary Shares, Pounds
Sterling Ten Pence Each 5/28/96 P 100,000 A $25,444.45 I See Note 2
- -------------------------- ---------- ------ ----- ------------- ------ -------------- ---------------- ------------- --------------
Ordinary Shares, Pounds
Sterling Ten Pence Each 6/4/96 P 1,000,000 A $248,307.00 I See Note 2
- -------------------------- ---------- ------ ----- ------------- ------ -------------- ---------------- ------------- --------------
Ordinary Shares, Pounds
Sterling Ten Pence Each 6/4/96 P 250,000 A $62,076.75 9,915,000 I See Note 2
- -------------------------- ---------- ------ ----- ------------- ------ -------------- ---------------- ------------- --------------
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly
(Print or Type Responses) SEC 1474 (8-92)
Page 1 of 2
<PAGE>
<TABLE>
<CAPTION>
FORM 4 (continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ----------------- ---------- ------- ------- ----------------- ------------ ------------------ -------- ---------- ------- ---------
1.Title of Deriva 2.Conver- 3.Trans 4.Trans 5.Number of Deriv 6.Date Exer 7.Title and Amount 8.Price 9.Number 10.Own- 11.Nature
tive Security sion or action action ative Securities cisable and of Underlying Sec- of Deri- of Deri- ership of Benefi
(Instr. 3) Exercise Date Code Acquired (A) or Expiration urities vative vative Form of cial Indi
Price of (Month/ (Instr. Disposed of (D) Date (Instr. 3 and 4) Security Securities Deriva- rect Own-
Deriva Day/ 8) (Instr.3,4 and 5) (Month/Day Instr. Benefi- tive ership
tive Year) Year) 5) cially Securi (Instr.
Security Owned at ty: Di- 4)
End of (D) or
Month Indi-
------- ----------------- ------------- ----------------- (Instr. 4) rect
---- -- -------- -------- ------ ------ ------- --------- (I)
Code V (A) (D) Date Expir- Title Amount or (Instr.
Exerci ation Number of 4)
sable Date Shares
- ----------------- ---------- ------- -------- ------- -------- ------ ------ ------- --------- -------- ---------- ------- ---------
- ----------------- ---------- ------- -------- ------- -------- ------ ------ ------- --------- -------- ---------- ------- ---------
n/a
- ----------------- ---------- ------- -------- ------- -------- ------ ------ ------- --------- -------- ---------- ------- ---------
- ----------------- ---------- ------- -------- ------- -------- ------ ------ ------- --------- -------- ---------- ------- ---------
- ----------------- ---------- ------- -------- ------- -------- ------ ------ ------- --------- -------- ---------- ------- ---------
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</TABLE>
Explanation of Responses:
Note 1. All purchases were made at a price of .385 pounds sterling per share.
Conversion to U.S. dollars was calculated at the exchange rate published in The
New York Times on the applicable date, or 1.5131 and 1.5505 dollars per pound,
on May 28 and June 4, 1996, respectively.
Note 2. Mr. Desmond is the indirect owner of the Ordinary Shares, Pounds
Sterling Ten Pence Each (the "Shares"), by virtue of his 100% beneficial
ownership of Bottin (International) Investments Limited, the direct owner of the
Shares.
_____/s/Dermot F. Desmond____ _July 10, 1996_
Dermot F. Desmond Date
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually
signed. If space provided is insufficient, see Instruction 6 for
procedure. SEC 1474 (8-92)
Page 2 of 2
<PAGE>
