AASCHE TRANSPORTATION SERVICES INC
SC 13G/A, 1999-02-16
TRUCKING (NO LOCAL)
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<PAGE>   1


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


                                  SCHEDULE 13G

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                              (AMENDMENT NO. 5 ) *
                                            ---

                      Aasche Transportation Services, Inc.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                              Common Stock, $.0001
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    002538106
                    -----------------------------------------
                                 (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

- -----------------------------                       ----------------------------
CUSIP NO.   002538106                                     PAGE 2 OF 5 PAGES
- -----------------------------                       ----------------------------

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

            Kevin M. Clark                                          ###-##-####

- --------------------------------------------------------------------------------
    2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                      (a) [ ]

                                                                      (b) [ ]

- --------------------------------------------------------------------------------
    3       SEC USE ONLY

- --------------------------------------------------------------------------------
    4
            CITIZENSHIP OR PLACE OF ORGANIZATION

            USA

- --------------------------------------------------------------------------------
    NUMBER OF        5    SOLE VOTING POWER
     SHARES
   BENEFICIALLY           536,956
     OWNED BY
                     -----------------------------------------------------------
       EACH          6    SHARED VOTING POWER
    REPORTING
      PERSON              0      
       WITH
                     -----------------------------------------------------------
                     7    SOLE DISPOSITIVE POWER

                          536,956
                     -----------------------------------------------------------
                     8    SHARED DISPOSITIVE POWER

                          0       
- --------------------------------------------------------------------------------
    9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            536,956
- --------------------------------------------------------------------------------
   10       CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 

                                                                            [ ]
- --------------------------------------------------------------------------------
   11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

            11.14%
- --------------------------------------------------------------------------------
   12       TYPE OF REPORTING PERSON*

            IN
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>   3

ITEM 1.

    (a) Aasche Transportation Services, Inc.

    (b) 10214 N. Mt. Vernon Rd.

        Shannon, IL 61078 

ITEM 2.

    (a) Kevin M. Clark

    (b) 10214 N. Mt. Vernon Rd.

        Shannon, IL 61078

    (c) USA

    (d) Common Stock, $.0001

    (e) 002538106

ITEM3.  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)  536,956

    (b)  11.14%

    (c)  Number of shares as to which such person has:

         (i)   sole power to vote or to direct the vote                536,956

         (ii)  shared power to vote or to direct the vote                    0

         (iii) sole power to dispose or to direct the disposition of   536,956

         (iv)  shared power to dispose or to direct the disposition of       0


                               Page 3 of 5 pages


<PAGE>   4
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

Not applicable.


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

Not applicable.

ITEM 10. CERTIFICATION

Not applicable.





                               Page 4 of 5 pages
<PAGE>   5


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
                                           -------------------------------------
                                                           Date

                                             /s/ Kevin M. Clark
                                           -------------------------------------
                                                       Signature

                                                     Kevin M. Clark
                                           -------------------------------------
                                                       Name/Title








                               Page 5 of 5 pages


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