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OMB APPROVAL
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OMB Number: 3235-0145
Expires: October 31, 1994
UNITED STATES Estimated average burden
hours per form ...... 14.90
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 5 ) *
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Aasche Transportation Services, Inc.
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(Name of Issuer)
Common Stock, $.0001
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(Title of Class of Securities)
002538106
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(CUSIP Number)
Check the following box if a fee is being paid with the statement [ ]. (A fee is
not required only if the filing 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.)
*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).
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SCHEDULE 13G
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CUSIP NO. 002538106 PAGE 2 OF 6 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON
Diane L. Asche ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4
CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 539,842
OWNED BY
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EACH 6 SHARED VOTING POWER
REPORTING
PERSON 539,842
WITH
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7 SOLE DISPOSITIVE POWER
539,842
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8 SHARED DISPOSITIVE POWER
539,842
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,108,853
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10 CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
22.93%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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ITEM 1.
(a) Aasche Transportation Services, Inc.
(b) 10214 N. Mt. Vernon Rd.
Shannon, IL 61078
ITEM 2.
(a) Diane L. Asche
(b) 10214 N. Mt. Vernon Rd.
Shannon, IL 61078
(c) USA
(d) Common Stock, $.0001
(e) 002538106
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B), CHECK
WHETHER THE PERSON FILING IS A:
(a) [ ] 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 Employment Retirement Income Security Act of 1974 or
Endowment fund; see ss.240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with ss.240.13d-1(b)(ii)(G)
(Note: See Item 7)
(h) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(H)
ITEM 4. OWNERSHIP
(a) 1,108,853
(b) 22.93%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 539,842
(ii) shared power to vote or to direct the vote 539,842
(iii) sole power to dispose or to direct the disposition of 539,842
(iv) shared power to dispose or to direct the disposition of 539,842
Page 3 of 6 pages
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ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ]
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Mrs. Diane L. Asche, the Vice President and Secretary and a Director of the
Company, holds directly 411,342 shares of the Company's Common Stock, $.0001 par
value. In addition, Mrs. Asche's husband, Larry L. Asche, the Chairman of the
Board and Chief Executive Officer and a Director of the Company, also owns
directly 418,011 shares of such stock. Also, pursuant to the Employment and
Stock Option Agreements by and between Mr. Asche and Mrs. Asche and the Company,
Mr. and Mrs. Asche are each entitled to exercise options for the purchase of
26,000 shares of the Company's Common Stock, $.0001 par value, as of January 1,
1999. Also, pursuant to two Warrants dated January 16, 1998 and January 26,
1998, respectively, Mrs. Asche is entitled to exercise a warrant to purchase
102,500 shares of the Company's Common Stock, $.0001 par value. Pursuant to a
Warrant dated January 16, 1998, Mr. Asche is entitled to exercise warrants to
purchase 100,000 shares of the Company's Common Stock, $.0001 par value.
Pursuant to an Option dated as of December 22, 1998, Mr. Asche is entitled to
purchase 25,000 shares of the Company's Common Stock, $0.0001 par value.
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
Page 4 of 6 pages
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Not applicable.
ITEM 10. CERTIFICATION
Not applicable.
Page 5 of 6 pages
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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.
2/15/99
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Date
/s/ Diane L. Asche
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Signature
Diane L. Asche
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Name/Title
Page 6 of 6 pages
