SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Moovies, Inc.
(Name of Issuer)
Common Stock, $0.01 par value
(Title and Class of Securities)
616 347 100
(CUSIP Number)
400312.1
<PAGE>
Page 2 of 5
CUSIP NO. 616 347 100
(l) Names of Reporting Persons S.S. or I.R.S. Identification
Nos. of Above Persons
John L. Taylor
SS# ###-##-####
(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
Number of (5) Sole Voting Power - 451,740*
Shares Beneficially
Owned by Each (6) Shared Voting Power - 0
Reporting Person With
(7) Sole Dispositive Power - 451,740*
(8) Shared Dispositive Power - 0
(9) Aggregate Amount Beneficially Owned by Each Reporting
Person
451,740 shares*
(10) Check if Aggregate Amount in Row (9) Excludes Certain
Shares .
(11) Percent of Class Represented by Amount in Row 9
3.8 Percent*
(12) Type of Reporting Person
IN
* Includes 7,400 held as custodian for minor children.
400312.1
<PAGE>
Page 3 of 5
Item l(a). Name of Issuer:
Moovies, Inc.
Item l(b). Address of Issuer's Principal Executive Offices:
201 Brookfield Parkway
Greenville, South Carolina 29607
Item 2(a). Name of Person Filing:
See item (l) of the cover pages
Item 2(b). Address of Principal Business Office:
201 Brookfield Parkway
Greenville, South Carolina 29607
Item 2(c). Citizenship:
See item (4) of cover pages
Item 2(d). Title of Class of Securities:
Common Stock, $0.001 Par Value
Item 2(e). CUSIP Number:
616 347 100
Item 3. Nature of Person Filing:
Not applicable
Item 4. Ownership:
(a) Amount Beneficially Owned:
See item (9) of cover pages
(b) Percent of Class:
See item (11) of cover pages
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
See item (5) of cover pages
(ii) shared power to vote or to direct the vote:
See item (6) of cover pages
400312.1
<PAGE>
Page 4 of 5
(iii) sole power to dispose or to direct the disposition
of:
See item (7) of cover pages
(iv) shared power to dispose or to direct the
disposition of:
See item (8) of cover pages
Item 5. Ownership of Five Percent or Less of Class:
[ x ] This statement is being filed to report that the
reporting person has ceased to be the beneficial owner of more
than five percent of the Common Stock of Moovies, Inc.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person:
None
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
400312.1
<PAGE>
Page 5 of 5
Signature.
After reasonable inquiry each of the undersigned certifies that to the
best of his knowledge and belief the information set forth in this statement is
true, complete and correct.
John L. Taylor 2/13/97
John L. Taylor Date
400312.1
