UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
VIDEOLAN TECHNOLOGIES, INC.
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
(Title of Class of Securities)
926919 10 1
(CUSIP Number)
Check the following box if a fee is being paid with this
statement [x] . (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).
CUSIP NO. 926919 10 1 13G
_________________________________________________________________
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ted Ralston
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ( ) (b) ( )
_________________________________________________________________
3. SEC USE ONLY
_________________________________________________________________
4. CITIZENSHIP OR PLACE OR ORGANIZATION
United States Citizen
5. SOLE VOTING POWER
1,389,308
6. SHARED VOTING POWER
Number of
Shares None
Beneficially
Owned BY
Each 7. SOLE DISPOSITIVE POWER
Reporting
Person 1,389,308
With
8. SHARED DISPOSITIVE POWER
None
_________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,389,308
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES SHARES*
( )
_________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.9%
_________________________________________________________________
12. TYPE OF REPORTING PERSON*
IN
_________________________________________________________________
*SEE INSTRUCTION BEFORE FILLING OUT!
Item 1(a). Name of Issuer:
VideoLan Technologies, Inc.
Item 1(b). Name of Issuer's Principal Executive Offices:
100 Mallard Creek Road, Suite 250
Louisville, Kentucky 40207
Item 2(a). Name of Person Filing:
Ted Ralston
Item 2(b). Address or Principal Business Office or, if None,
Residence:
1941 South Kemp St.
Lima, Ohio 45806
Item 2(c). Citizenship:
United States Citizen
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
926919 10 1
Item 3. Not applicable.
Item 4. Ownership:
(a) Amount Beneficially Owned: 1,389,000
(b) Percent of Class: 9.9%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
1,389,000
(ii) shared power to vote or to direct the
vote: None
(iii)sole power to dispose or to direct the
disposition of: 1,389,000
(iv) shared power to dispose or to direct the
disposition of: None
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.
February 3, 1997
Date
/s/ TED RALSTON
Signature
Ted Ralston
Name/Title
