CREATIVE COMPUTERS INC
SC 13G/A, 1999-02-16
CATALOG & MAIL-ORDER HOUSES
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<PAGE>
 
                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                   Under the Securities Exchange Act of 1934
                               (Amendment No. 3)*


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


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


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


 _______________________________________________________________________________
            (Date of Event Which Requires Filing of this Statement)



Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

                        [_]  Rule 13d - 1(b)
                        [_]  Rule 13d - 1(c)
                        [X]  Rule 13d - 1(d)

*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 of 5
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- -------------------------------------------------------------------------------
Cusip No. 22527 E 107              13G                      Page 2 of 5 Pages
- -------------------------------------------------------------------------------
1      NAME OF REPORTING PERSON
       S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
       Frank F. Khulusi
- -------------------------------------------------------------------------------
2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a) [_]
                                                                 (b) [_]
- -------------------------------------------------------------------------------
3      SEC USE ONLY
 
- -------------------------------------------------------------------------------
4      CITIZENSHIP OR PLACE OF ORGANIZATION
       United States of America
- -------------------------------------------------------------------------------
        NUMBER OF       5   SOLE VOTING POWER
         SHARES             1,819,660 (including 50,000 shares subject to
      BENEFICIALLY          options exercisable within 60 days of 12/31/98)
        OWNED BY        -------------------------------------------------------
          EACH          6   SHARED VOTING POWER                        
        REPORTING           None                                       
         PERSON         -------------------------------------------------------
          WITH          7   SOLE DISPOSITIVE POWER                        
                            1,819,660 (including 50,000 shares subject to 
                            options exercisable within 60 days of 12/31/98)
                        -------------------------------------------------------
                        8   SHARED DISPOSITIVE POWER                  
                            None                                      
- -------------------------------------------------------------------------------
9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       1,819,660 (including 50,000 shares subject to options exercisable within
       60 days of 12/3/98)
- -------------------------------------------------------------------------------
10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
 
- -------------------------------------------------------------------------------
11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
       17.7%
- -------------------------------------------------------------------------------

                                     2 of 5
<PAGE>
 
- -------------------------------------------------------------------------------
12     TYPE OF REPORTING PERSON*
       IN
- -------------------------------------------------------------------------------

Item 1(a)      Name of Issuer:
                 Creative Computers, Inc.
 
Item 1(b)      Address of Issuer's Principal 
               Executive Offices:
                 2555 W. 190th Street
                 Torrance, California 90504

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

Item 2(b)      Address of Principal Business 
               Office or, if none, Residence:
                 2555 W. 190th Street
                 Torrance, California 90504

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:
                    1,819,660 (including 50,000 shares subject to options
                    exercisable within 60 days of 12/31/98)

               (b)  Percent of Class 17.7%

                                     3 of 5
<PAGE>
 
                (c)  Number of shares as to which such person has:

                     (i)   sole power to vote or to direct the vote:
                           1,819,660 (including 50,000 shares subject to
                           options exercisable within 60 days of 12/31/98)

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

                     (iii) sole power to dispose or to direct the disposition 
                           of:
                           1,819,660 (including 50,000 shares subject to
                           options exercisable within 60 days of 12/31/98)

                     (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.

                                     4 of 5
<PAGE>
 
                                   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 10, 1999


/s/ Frank F. Khulusi
- ----------------------------
Frank F. Khulusi

                                     5 of 5


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