SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
Under the Securities Exchange Act of 1934
(Amendment No. 1 )
ALLEGRO NEW MEDIA, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
016903 10 6
CUSIP Number)
Check the following box if a fee is being paid with this statement .
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).
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1) Name of Reporting Persons M.S. Farrell & Co., Inc. and
SS. Or I.R.S. Identifcation Martin F. Schacker
Nos. Of Above Persons Chairman
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2) Check the Appropriate Box (a) X
If a Member of a Group (b)
(See Instructions)
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3) SEC Use Only
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4) Citizenship or Place of State of Delaware/U.S.A.
Organization
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Number of Shares Beneficially Owned by Each Reporting Person With
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5) Sole Voting Power 455,300
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6) Shared Voting Power 0
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7) Sole Dispositive Power 455,300
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8) Shared Dispositive Power 0
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9) Aggregate Amount Beneficially 455,300
Owned by Each Reporting Person
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10) Check if the Aggregate Amount
in Row (9) Excludes Certain
Shares (See Instructions).
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11) Percent of Class Represented 9.1%
By Amount in Row 9.
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12) Type of Reporting Person (See BD
Instructions)
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Item 1(a) Name of Issuer
Allegro New Media, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices
16 Passaic Avenue, Unit # 6
Fairfield, NJ 07004
Item 2(a) Name of Persons Filing
M.S. Farrell & Co., Inc. and Martin F. Schacker
Item 2(b) Address of Principal Business Office:
M.S. Farrell & Co., Inc.
67 Wall Street
New York, NY 10005
Item 2(c) Citizenship:
M.S. Farrell & Co., Inc.: State of New York
Martin F. Schacker: U.S.A.
Item 2(d) Title of Class of Securities
Common Stock
Item 2(e) CUSIP Number
016903 10 6
Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) [X] Broker or Dealer registered under Section 15 of the Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act
(d) [ ] Investment Company registered under section 8 of the Investment
Company Act
(e) [ ] Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974
or Endowment Fund; see Section 240.13d-a(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with Section 240.13d-1(b)
(ii)(G) (Note: See Item 7)
(h) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(H)
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Item 4 Ownership.
(a) Amount Beneficially Owned: 455,300, comprised of 15,300 shares and
warrants to purchase 444,000 shares
(b) Percent of Class: 9.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 455,300
(ii) shared power to vote or to direct vote: 0
(iii) sole power to dispose or to direct disposition of: 455,300
(iv) shares power to dispose or to direct disposition of: 0
Item 5 Ownership of Five Percent or Less of a Class.
Innapplicable.
Item 6 Ownership of More than Five Percent on Behalf of Another Person.
Inapplicable.
Item 7 Identification and Classification of the Subsidiary Which Acquired
the Security being Reported On By the Parent Holding Company.
Inapplicable.
Item 8 Identification and Classification of Members of the Group.
Inapplicable.
Item 9 Notice of Dissolution of the Group.
Inapplicable.
<PAGE>
Item 10 Certification.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
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.
10-29-96
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Date
M.S. FARRELL & CO., INC.
By:/s/Martin F. Schacker
Martin F. Schacker
Chairman of the Board
10-29-96
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Date
/s/Martin F. Schacker
Martin F. Schacker
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001).
