NEWCARE HEALTH CORP
SC 13D/A, 1998-07-21
SKILLED NURSING CARE FACILITIES
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<PAGE>   1
                                                   ---------------------------
                                                          OMB APPROVAL       
                                                   ---------------------------
                                                   OMB NUMBER:  3235-0145
                                                   EXPIRES: OCTOBER 31, 1997  
                                                   ESTIMATED AVERAGE BURDEN 
                                                   HOURS PER RESPONSE .. 14.90
                                                   ---------------------------

                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549
                                      
                                      
                                 SCHEDULE 13D
                                      
                                      
                  UNDER THE SECURITIES EXCHANGE ACT OF 1934
                              (AMENDMENT NO. 1)*
                                      

                          NewCare Health Corporation
- --------------------------------------------------------------------------------
                                (Name of Issuer)


                    Common Stock, Par Value $.02 Per Share
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                    651053
- --------------------------------------------------------------------------------
                                 (CUSIP Number)
                          James H. Perry, President
                        Bridge Capital Partners, Inc.
5350 South Roslyn Street, Suite 350, Englewood, Colorado 80111 (303) 721-1111
- --------------------------------------------------------------------------------
          (Name, Address and Telephone Number of Person Authorized to
                      Receive Notices and Communications)


                                 July 8, 1998
- --------------------------------------------------------------------------------
            (Date of Event which Requires Filing of this Statement)


If the filing person has previously filed a statement on 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  / /.

Check the following box if a fee is being paid with the statement / /. (A fee 
is not required only if the reporting person: (1) has a 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 beneficial ownership of five percent or less of such class.) 
(See Rule 13d-7.)

Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.

*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 
disclosures provided in a prior cover page.

The information required on 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>   2
                                  SCHEDULE 13D

CUSIP NO. _______________                                    PAGE __ OF __ PAGES

- --------------------------------------------------------------------------------

1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    ProFutures Bridge Capital Fund, L.P.
    74-2786949
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                        (a) [ ]
                                                                        (b) [ ]
- --------------------------------------------------------------------------------
3   SEC USE ONLY


- --------------------------------------------------------------------------------
4   SOURCE OF FUNDS*

    WC
- --------------------------------------------------------------------------------
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 
    TO ITEMS 2(d) OR 2(e)                                                   [ ]

- --------------------------------------------------------------------------------
6   CITIZENSHIP OR PLACE OF ORGANIZATION

    Delaware
- --------------------------------------------------------------------------------
                7   SOLE VOTING POWER
  NUMBER OF
   SHARES           858,668
BENEFICIALLY   -----------------------------------------------------------------
  OWNED BY      8   SHARED VOTING POWER
   EACH            
 REPORTING          None
  PERSON       -----------------------------------------------------------------
   WITH         9   SOLE DISPOSITIVE POWER

                    858,668
               -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER
     
                    None
- --------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     858,668
- --------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  [ ]

- --------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     7.07%
- --------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     PN
- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!
          INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
     (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.  

<PAGE>   3
                                  SCHEDULE 13D

CUSIP NO. _______________                                    PAGE __ OF __ PAGES

- --------------------------------------------------------------------------------

1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    Bridge Capital Partners, Inc.
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                        (a) [X]
                                                                        (b) [ ]
- --------------------------------------------------------------------------------
3   SEC USE ONLY


- --------------------------------------------------------------------------------
4   SOURCE OF FUNDS*

    Not applicable/WC/PF
- --------------------------------------------------------------------------------
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 
    TO ITEMS 2(d) OR 2(e)                                                   [ ]

- --------------------------------------------------------------------------------
6   CITIZENSHIP OR PLACE OF ORGANIZATION

    Colorado
- --------------------------------------------------------------------------------
                7   SOLE VOTING POWER
  NUMBER OF
   SHARES           400 
BENEFICIALLY   -----------------------------------------------------------------
  OWNED BY      8   SHARED VOTING POWER
   EACH            
 REPORTING          858,668
  PERSON       -----------------------------------------------------------------
   WITH         9   SOLE DISPOSITIVE POWER

                    400
               -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER
     
                    858,668 
- --------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     859,068 
- --------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  [ ]

- --------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     7.08% 
- --------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     CO
- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!
         INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7     
     (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.  

<PAGE>   4
                                  SCHEDULE 13D

CUSIP NO. _______________                                    PAGE __ OF __ PAGES

- --------------------------------------------------------------------------------

1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    ProFutures Fund Management, Inc. 
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                        (a) [X]
                                                                        (b) [ ]
- --------------------------------------------------------------------------------
3   SEC USE ONLY


- --------------------------------------------------------------------------------
4   SOURCE OF FUNDS*

    NOT APPLICABLE
- --------------------------------------------------------------------------------
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 
    TO ITEMS 2(d) OR 2(e)                                                   [ ]

- --------------------------------------------------------------------------------
6   CITIZENSHIP OR PLACE OF ORGANIZATION

    Texas
- --------------------------------------------------------------------------------
                7   SOLE VOTING POWER
  NUMBER OF
   SHARES           0 
BENEFICIALLY   -----------------------------------------------------------------
  OWNED BY      8   SHARED VOTING POWER
   EACH            
 REPORTING          858,668
  PERSON       -----------------------------------------------------------------
   WITH         9   SOLE DISPOSITIVE POWER

                    0 
               -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER
     
                    858,668
- --------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     858,668
- --------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  [ ]

- --------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     7.07%
- --------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     CO
- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!
         INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7     
     (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.  

<PAGE>   5
                                  SCHEDULE 13D

CUSIP NO. _______________                                    PAGE __ OF __ PAGES

- --------------------------------------------------------------------------------

1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    Gary D. Halbert 
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                        (a) [X]
                                                                        (b) [ ]
- --------------------------------------------------------------------------------
3   SEC USE ONLY


- --------------------------------------------------------------------------------
4   SOURCE OF FUNDS*

    Not applicable.
- --------------------------------------------------------------------------------
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 
    TO ITEMS 2(d) OR 2(e)                                                   [ ]

- --------------------------------------------------------------------------------
6   CITIZENSHIP OR PLACE OF ORGANIZATION

    USA
- --------------------------------------------------------------------------------
                7   SOLE VOTING POWER
  NUMBER OF
   SHARES           0 
BENEFICIALLY   -----------------------------------------------------------------
  OWNED BY      8   SHARED VOTING POWER
   EACH            
 REPORTING          858,668
  PERSON       -----------------------------------------------------------------
   WITH         9   SOLE DISPOSITIVE POWER

                    0 
               -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER
     
                    858,668
- --------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     858,668
- --------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  [ ]

- --------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     7.07% 
- --------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     IN
- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!
         INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
     (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.  

<PAGE>   6
                                  SCHEDULE 13D

CUSIP NO. _______________                                    PAGE __ OF __ PAGES

- --------------------------------------------------------------------------------

1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    Bridge Capital Partners, Inc., Defined Benefit Pension Plan
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                        (a) [ ]
                                                                        (b) [ ]
- --------------------------------------------------------------------------------
3   SEC USE ONLY


- --------------------------------------------------------------------------------
4   SOURCE OF FUNDS*

    WC
- --------------------------------------------------------------------------------
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 
    TO ITEMS 2(d) OR 2(e)                                                   [ ]

- --------------------------------------------------------------------------------
6   CITIZENSHIP OR PLACE OF ORGANIZATION

    Colorado
- --------------------------------------------------------------------------------
                7   SOLE VOTING POWER
  NUMBER OF
   SHARES           5,000 
BENEFICIALLY   -----------------------------------------------------------------
  OWNED BY      8   SHARED VOTING POWER
   EACH            
 REPORTING          0 
  PERSON       -----------------------------------------------------------------
   WITH         9   SOLE DISPOSITIVE POWER

                    5,000  
               -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER
     
                    0 
- --------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     5,000  
- --------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  [ ]

- --------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     .04%
- --------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     EP
- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!
         INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 
     (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.  

<PAGE>   7
                                  SCHEDULE 13D

CUSIP NO. _______________                                    PAGE __ OF __ PAGES

- --------------------------------------------------------------------------------

1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    James H. Perry 
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                        (a) [ ]
                                                                        (b) [ ]
- --------------------------------------------------------------------------------
3   SEC USE ONLY


- --------------------------------------------------------------------------------
4   SOURCE OF FUNDS*

    WC
- --------------------------------------------------------------------------------
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 
    TO ITEMS 2(d) OR 2(e)                                                   [ ]

- --------------------------------------------------------------------------------
6   CITIZENSHIP OR PLACE OF ORGANIZATION

    USA
- --------------------------------------------------------------------------------
                7   SOLE VOTING POWER
  NUMBER OF
   SHARES           5,000 
BENEFICIALLY   -----------------------------------------------------------------
  OWNED BY      8   SHARED VOTING POWER
   EACH            
 REPORTING          864,068 
  PERSON       -----------------------------------------------------------------
   WITH         9   SOLE DISPOSITIVE POWER

                    5,000  
               -----------------------------------------------------------------
               10   SHARED DISPOSITIVE POWER
     
                    864,068 
- --------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     869,068
- --------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  [ ]

- --------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     7.16%
- --------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     IN
- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!
          INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
     (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.  

<PAGE>   8
ITEM 2.  IDENTITY AND BACKGROUND

This Amendment No. 1 is filed by (i) ProFutures Bridge Capital Fund, L.P. (the
"Partnership"), (ii) by Bridge Capital Partners, Inc. ("Bridge Capital") and
ProFutures Fund Management, Inc. ("ProFutures Fund") by virtue of their
respective position as Co-General Partners of the Partnership, (iii) Bridge
Capital Partners, Inc. Defined Benefit Plan (the "Plan"), (iv) James H. Perry
("Perry") by virtue of his position as President and sole Director of Bridge
Capital and (v) Gary D. Halbert ("Halbert") by virtue of his position as
President and Director of ProFutures Fund (collectively, the "Reporting
Persons"). By signing this Amendment No. 1, each Reporting Person agrees that
this Amendment No. 1 is filed on its or his behalf. In addition, information is
set forth below in subparagraph (g) with respect to the executive officers,
directors and control person of ProFutures Fund.

         (a) The Partnership is the recordholder of approximately 7.07% of the
outstanding Shares. Bridge Capital and ProFutures Fund, as the general partners
of the Partnership, may be deemed to control the Partnership. Perry owns all the
outstanding capital stock of Bridge Capital and Halbert owns the majority of the
capital stock of ProFutures Fund.

         (b) The principal executive office or business address of the
Partnership, Bridge Capital, the Plan and Perry is 5350 South Roslyn Street,
Suite 350, Englewood, Colorado 80111. The principal executive office or business
address of ProFutures Fund and Halbert is 1310 Highway 620 South, Suite 200,
Austin, Texas 78734.

         (c) The Partnership is a limited partnership engaged in venture capital
investments. Bridge Capital sole business activity is to serve as a general 
partner of the Partnership. The Plan is an employee benefit plan for Bridge 
Capital. ProFutures Fund's business activity is to serve as a general partner
of the Partnership and other limited partnerships. Perry is the sole trustee of
the Plan.

             Perry is the President and sole director and shareholder of
Bridge Capital and a principal in the firm of Perry, Nestman & Doshier, LLC.
Halbert is the President and Director and principal shareholder of ProFutures
Fund.

         (d) Neither the Reporting Persons, nor to the knowledge of such
Reporting Persons, any person named in subparagraph (g) below has been convicted
in any criminal proceeding in the past five years (except traffic violations or
similar misdemeanors).

         (e) Neither the Reporting Persons, nor to the knowledge of such
Reporting Persons, any person named in subparagraph (g) below has been a party
to any civil proceeding and, as a result of such proceedings, was or is subject
to a judgment, decree, or final order enjoining future violations of or
prohibiting or mandating activities 




                                Page ___ of ___
<PAGE>   9
subject to, federal or state securities laws or finding any violation with 
respect to such laws.

         (f) The Partnership is a Delaware limited partnership. Bridge Capital
is a Colorado corporation, ProFutures Fund is a Texas corporation. Perry and
Halbert are citizens of the United States. The Plan is an employee benefit plan
as defined in the Employee Retirement Income Security Act of 1974 organized
under the laws of the USA.

         (g) Other Directors and executive officers of ProFutures Fund are as
follows:

             (1)      Name:  Debi B. Halbert
                      Business Address: 1310 Highway 620 South, Suite 200,
                         Austin, Texas  78734
                      Present Principal Occupation:  Chief Financial Officer
                         and Treasurer, Director and shareholder of
                         ProFutures Fund Management, Inc. and affiliates
                      Citizenship:  USA

             (2)      Name:  John F. Mauldin
                      Business Address: The Ballpark in Arlington,
                         Suite 216, Arlington, Texas  76011
                      Present Principal Occupation:  President, Director and
                         shareholder of Communications Management, Inc.
                         and affiliates
                      Citizenship:  USA


ITEM 3.  SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

The total amount of consideration required by the Partnership to purchase the
Shares reported in Item 5(c) was $381,018.76. The purchase was made out of 
working capital and no funds were borrowed to acquire such Shares. The 
consideration required by the Plan to purchase the Shares reported in Item 5(c)
was $15,937.50. 



                                Page ___ of ___
<PAGE>   10

ITEM 4.  PURPOSE OF THE TRANSACTION.

Each Reporting Person acquired and holds the Shares for investment purposes
only. The Reporting Persons may, from time to time, acquire or sell small blocks
of additional Common Stock of the Company; provided, however, that none of the
Reporting Persons has any present plan or proposal that would result in any of
the actions referred to in paragraphs (a) through (j) of the Instructions to
Item 4 of Schedule 13-D.

ITEM 5.  INTEREST IN SECURITIES OF THE ISSUER.

         (a)      The aggregate number of Shares owned beneficially by the
                  Partnership as of the close of business on July 8, 1998, was
                  858,668 or approximately 7.07% of the 12,128,525 shares of
                  Common Stock outstanding (the "Outstanding Shares"). By virtue
                  of the relationships described in Item 2 of this Statement,
                  each of the other Reporting Persons, except the Plan may be 
                  deemed to share indirect beneficial ownership of the Shares
                  held by the Partnership. Perry and Halbert disclaim that each
                  of them is the beneficial owner of the Shares owned by the
                  Partnership.

                  Bridge Capital is the direct, beneficial owner of 400 Shares,
                  the Plan is the direct beneficial owner of 5,000 Shares, and
                  Perry is the direct beneficial owner of 5,000 Shares. By
                  virtue of the relationship described in Item 2 of this
                  Statement, Bridge Capital may be deemed to be the beneficial
                  owner of 858,668 Shares, or 7.07% of the Outstanding Shares
                  and Perry may be deemed to be the beneficial owner of 869,068
                  Shares, or 7.08% of the Outstanding Shares. Perry disclaims
                  such beneficial ownership, except with respect to 5,000 Shares
                  which are directly owned by Perry. The Plan disclaims any
                  beneficial ownership, except with respect to 5,000 Shares
                  which are directly owned by the Plan.

                  ProFutures Fund and Halbert by virtue of the relationship
                  described in Item 2 of this Statement, may be deemed to be the
                  beneficial owners of 858,668 Shares, or 7.07% of the
                  Outstanding Shares. Halbert disclaims such beneficial
                  ownership.

         (b)      The Partnership has the direct power to vote and direct
                  disposition of 858,668 Shares. By virtue of their positions as
                  general partners of the Partnership, ProFutures Fund and
                  Bridge Capital may be deemed to share the indirect power to
                  vote and dispose of these Shares. Perry and Halbert by virtue
                  of their relationship may be deemed to share the indirect
                  power to vote and dispose of the Partnership's Shares. Bridge 
                  Capital has the direct power to vote and direct 



                                Page ___ of ___
<PAGE>   11

                  disposition of 400 Shares. Perry has the direct power to vote
                  and direct disposition of 5,000 Shares, the indirect power to
                  vote and direct disposition of the 400 Shares held by Bridge
                  Capital and the direct power to vote and direct disposition of
                  the 5,000 Shares held by the Plan. The Plan has the indirect
                  power to vote and dispose of the 5,000 Shares held by the
                  Plan.

         (c)      Except as described below, no transactions in the Common Stock
                  of the Company were effected by the persons named in response
                  to paragraphs (a) and (b) above during the past sixty (60)
                  days.

                           (i) From April 7, 1998 through July 8, 1998, the
                  Partnership acquired an additional 122,000 Shares. These
                  Shares were acquired in open market transactions on the
                  following dates and for the consideration set forth below:

<TABLE>
<CAPTION>
                     Date Purchased   Number of Shares   Average Price Per Share
                     -----------------------------------------------------------
                     <S>                  <C>                 <C>
                     04/07/98              100,000             3.03125
                     05/26/98                8,500             3.46875
                     05/27/98               11,500             3.406.25
                     07/08/98                2,000             3.00
</TABLE>

                           (ii) On April 8, 1998, the Plan acquired 5,000
                  Shares in an open market transaction for $3.1875 per Share.

         (d)      No other person is known to have the right to receive, or the
                  power to direct the receipt of dividends from, and the
                  proceeds from the sale of the Shares held by it.

         (e)      Not applicable.

ITEM 7. Material to be Filed as Exhibits

The following documents are attached hereto and incorporated herein by
reference:

Exhibit 1. Joint Filing Agreement



                                Page ___ of ___
<PAGE>   12

                                   SIGNATURES


         After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Amendment No. 1 to Schedule 13D is true, complete and correct.


Dated:   JULY 16, 1998.

                                       PROFUTURES BRIDGE CAPITAL FUND, L.P.

                                       BY:      BRIDGE CAPITAL PARTNERS, INC.,
                                                A GENERAL PARTNER


                                         by:    /s/ James H. Perry
                                                ------------------------------
                                                JAMES H. PERRY, PRESIDENT

                                       BRIDGE CAPITAL PARTNERS, INC.


                                         by:    /s/ James H. Perry 
                                                ------------------------------
                                                JAMES H. PERRY, PRESIDENT

                                       PROFUTURES FUND MANAGEMENT, INC.


                                         by:    /s/ Gary D. Halbert
                                                ------------------------------
                                                GARY D. HALBERT, PRESIDENT


                                       /s/ James H. Perry
                                       ------------------------------
                                       JAMES H. PERRY


                                       /s/ Gary D. Halbert
                                       ------------------------------
                                       GARY D. HALBERT

                                       BRIDGE CAPITAL PARTNERS, INC. DEFINED
                                       BENEFIT PENSION PLAN


                                       by:      /s/ James H. Perry, Trustee
                                                ------------------------------
                                                James H. Perry, Trustee





                                Page ___ of ___
<PAGE>   13
                                 EXHIBIT INDEX

<TABLE>
<CAPTION>


<S>                 <C>
Exhibit 1           Joint Filing Agreement
</TABLE>





                                  Page _ of _


<PAGE>   1
                                    EXHIBIT 1

                             JOINT FILING AGREEMENT



The undersigned hereby agree that this Amendment No. 1 to Schedule 13-D is filed
on behalf of each of them.


DATED:   JULY 16, 1998.

                                       PROFUTURES BRIDGE CAPITAL FUND, L.P.

                                       BY:      BRIDGE CAPITAL PARTNERS, INC.,
                                                A GENERAL PARTNER


                                         by:    /s/ James H. Perry
                                                ------------------------------
                                                JAMES H. PERRY, PRESIDENT

                                       BRIDGE CAPITAL PARTNERS, INC.


                                         by:    /s/ James H. Perry 
                                                ------------------------------
                                                JAMES H. PERRY, PRESIDENT

                                       PROFUTURES FUND MANAGEMENT, INC.


                                         by:    /s/ Gary D. Halbert
                                                ------------------------------
                                                GARY D. HALBERT, PRESIDENT


                                       /s/ James H. Perry
                                       ------------------------------
                                       JAMES H. PERRY


                                       /s/ Gary D. Halbert
                                       ------------------------------
                                       GARY D. HALBERT

                                       BRIDGE CAPITAL PARTNERS, INC. DEFINED
                                       BENEFIT PENSION PLAN


                                       by:      /s/ James H. Perry, Trustee
                                                ------------------------------
                                                James H. Perry, Trustee



                                Page ___ of ___


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