SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1(b) and (c) and
AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)
Datastream Systems, Inc.
(Name of Issuer)
Common Stock, $.01 par value per share
(Title of Class of Securities)
238124 10 1
(CUSIP Number)
(Continued on following pages.)
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CUSIP No. 238124 10 1 13G Page 2 of 5 Pages
(Amendment No. 3)
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1 Name of Reporting Person: Larry G. Blackwell
I.R.S. Identification No. of Above Person (Entities Only):
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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
- -------========================================================================
4 Citizenship or Place of Organization
United States of America
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- --------------------------------===============================================
Number of 5 Sole Voting Power: 3,492,444
Shares
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Beneficially 6 Shared Voting Power: N/A
Owned By
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Each 7 Sole Dispositive Power: 3,492,444
Reporting
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Person With 8 Shared Dispositive Power: N/A
- --------------------------
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9 Aggregate Amount Beneficially Owned by Each Reporting Person:
3,492,444
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10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares ___
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11 Percent of Class Represented by Amount in Row (9): 17.8%
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12 Type of Reporting Person: IN
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Item 1(a). Name of Issuer:
Datastream Systems, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
50 Datastream Plaza
Greenville, South Carolina 29605
Item 2(a). Name of Person Filing: Larry G. Blackwell
Item 2(b). Address of Principal Business Office or, if None, Residence:
50 Datastream Plaza
Greenville, South Carolina 29605
Item 2(c). Citizenship: United States of America
Item 2(d). Title of Class of Securities: Common Stock, $.01 par value per
share
Item 2(e). CUSIP Number: 238124 10 1
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) ______ 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
13d-1(b)(1)(ii)(F),
(g) ______ Parent Holding Company, in accordance with
Rule 13d-1(b)(ii)(G); see Item 7,
(h) ______ Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
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Item 4. Ownership.
(a) Amount beneficially owned: 3,492,444 shares
(b) Percent of class: 17.8%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 3,492,444
shares
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition
of: 3,492,444 shares
(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 appears on following page.]
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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.
2/12/99
(Date)
/s/ Larry G. Blackwell
Larry G. Blackwell
President and Chief Executive Officer
Datastream Systems, Inc.
