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U.S. SECURITIES AND EXCHANGE COMMISSION -----------------------------
OMB APPROVAL
WASHINGTON, DC 20549 -----------------------------
- ---------- OMB Number: 3235-0104
FORM 3 Expires: September 30, 1998
- ---------- INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Estimated average burden
hours per response..... 0.5
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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
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1. Name and Address of Reporting Person* 2. Date of Event Requiring 4. Issuer Name and Ticker or Trading Symbol
Statement
Churchill Winston J. (Month/Day/Year) Freedom Securities Corporation (FSI)
4/1/98 ___________________________________________________________
________________________________________ 5. Relationship of Reporting 6. If Amendment, Date
(Last) (First) (Middle) Person to Issuer of Original
____________________________ (Check all applicable) (Month/Day/Year)
800 The Safeguard Building 3. IRS or Social Security
Number of Reporting X Director 10% Owner _______________________
Person, ----- ----- 7. Individual or Joint/
________________________________________ (Voluntary) Officer Other Group Filing (Check
(Street) ----- (give ----- (specify applicable line)
title below) X Form filed by
400 Devon Park Drive below) ----- One Reporting
Person
Wayne PA 19087 ----- Form filed by
More than One
Reporting Person
____________________________________________________________________________________________________________________________________
(City) (State) (Zip) TABLE 1 -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. TITLE OF SECURITY 2. AMOUNT OF SECURITIES 3. OWNERSHIP FORM: 4. NATURE OF INDIRECT
(INSTR. 4) BENEFICIALLY OWNED DIRECT (D) OR BENEFICIAL
(INSTR. 4) INDIRECT (I) OWNERSHIP (INSTR. 5)
(INSTR. 5)
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Common Stock 1,136,129(2) I (1)
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the Form is filed by more than one Reporting Person, see Instruction 5(b)(v).
(Over)
SEC 1473(7-96)
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FORM 3 (CONTINUED) TABLE II
DERIVATIVE SECURITIES BENEFICIALLY OWNED(E.G., PUTS,
CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
____________________________________________________________________________________________________________________________________
1. TITLE OF DERIVATIVE 2. DATE EXERCI- 3. TITLE AND AMOUNT OF 4. CONVER- 5. OWNERSHIP 6. NATURE OF INDIRECT
SECURITY (INSTR. 4) SABLE AND SECURITIES UNDERLYING SION OR FORM OF BENEFICIAL OWNERSHIP
EXPIRATION DATE DERIVATIVE SECURITY EXERCISE DERIVATIVE (INSTR. 5)
(MONTH/DAY/YEAR) (INSTR. 4) PRICE OF SECURITY:
DERIVATIVE DIRECT
SECURITY (D) OR
_________________________________________________ INDIRECT (I)
DATE EXPIRA- AMOUNT OR (INSTR.5)
EXERCI- TION TITLE NUMBER
SABLE DATE OF SHARES
____________________________________________________________________________________________________________________________________
NONE
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Explanation of Responses:
(1) Represents shares owned by SCP Private Equity Partners
(2) Reporting Person disclaims beneficial ownership of such shares except to
the extent that the Reporting Person has a pecuniary interest in such shares.
/S/ Winston J. Churchill 4-1-98
**Intentional misstatements or omissions of facts constitute Federal Criminal ________________________________ _________________
Violations. **Signature of Reporting Person Date
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.
Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB Number.
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SEC 1473(7-96)
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