CREATIVE COMPUTERS INC
SC 13G, 1997-02-14
CATALOG & MAIL-ORDER HOUSES
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                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549


                                  SCHEDULE 13G


                   UNDER THE SECURITIES EXCHANGE ACT OF 1934
                            
                            (AMENDMENT NO.   1  )*  
                                           -----


                           Creative Computers, Inc.
         -------------------------------------------------------------
                                (Name of Issuer)

                                 Common Stock
              ---------------------------------------------------
                        (Title of Class of Securities)

                                   22527 E 107
                   -----------------------------------------
                                 (CUSIP Number)


Check the following box if a fee is being paid with this 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 the
disclosures provided in a prior cover page.

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).


                                       1
<PAGE>
 
- -----------------------                                  ---------------------
  CUSIP NO. 22527                  13G                     PAGE 2 OF 4 PAGES
- -----------------------                                  ---------------------
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
     
      Frank F. Khulusi

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

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4    
      United States

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5   
     NUMBER OF            2,090,000  
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6
                          -0-
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7    
    REPORTING             2,090,000 
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8
                          -0-
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9  
      2,090,000

- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10                  
 
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11    
      21.3

- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
      IN

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

                     *SEE INSTRUCTION BEFORE FILLING OUT!


        
<PAGE>
 
Item 1(a)                     Name of Issuer:
                                 Creative Computers, Inc.

Item 1(b)                     Address of Issuer's Principal
                              Executive Offices:
                                 2645 Maricopa Street
                                 Torrance, California 90503

Item 2(a)                     Name of Person Filing:
                                 Frank F. Khulusi

Item 2(b)                     Address of Principal Business
                              Office or, if none, Residence:
                                 2645 Maricopa Street
                                 Torrance, California 90503

Item 2(c)                     Citizenship:
                                 United States of America

Item 2(d)                     Title of Class of Securities:
                                 Common Stock

Item 2(e)                     CUSIP Number:
                                 22527 E 107

Item 3                        Not applicable.

Item 4                        Ownership.

                              (a)  Amount of Beneficially Owned:
                                   2,090,000

                              (b)  Percent of Class:
                                   21.3%

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

                                   (i)  sole power to vote or to direct the
                                        vote:
                                            2,090,000

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


                                       3

<PAGE>
 
                                 (iii) sole power to dispose or to direct the
                                       disposition of:
                                          2,090,000

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

Item 5                        Ownership of Five Percent or Less of a
                              Class:
                                 Not applicable.

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.


                                   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.

Date:  February 13, 1997


/s/ FRANK F. KHULUSI
- --------------------         
Frank F. Khulusi


                                       4


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