UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
BAB Holdings, Inc.
(Name of Issuer)
Common Stock, no par value
(Title of Class of Securities)
055176-10-1
(CUSIP Number)
Check the following box if a fee is being paid with the statement 0. (A fee
is not required only if the reporting person; (1) has a previous statement on
the 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
disclosures proved in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purposes 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. 055176-10-1
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Michael K. Murtaugh ####-##-####
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
Not applicable.
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER 522,055
6. SHARED VOTING POWER 0
7. SOLE DISPOSITIVE POWER 522,055
8. SHARED DISPOSITIVE POWER 0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
518,241 shares owned directly
3,814 shares owned indirectly through 401(k) Trust
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
Not applicable.
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.2%
12. TYPE OF REPORTING PERSON
IN
SCHEDULE 13G
Item 1.
(a) Name of Issuer
BAB Holdings, Inc.
(b) Address of Issuer's Principal Executive Offices
8501 West Higgins Road, Suite 320
Chicago, IL 60631
Item 2.
(a) Name of Persons Filing
Michael K. Murtaugh
(b) Address of Principal Business Office or, if none, Residence
8501 W. Higgins Road, Suite 320
Chicago, Illinois 60631
(c) Citizenship
U.S.A
(d) Title of Class of Securities
Common Stock, no par value
(e) CUSIP Number*
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the person filing is a:
Not Applicable.
_____________________________
* Incorporated by reference to cover page.
Item 4. Ownership
(a) Amount Beneficially Owned*
(b) Percent of Class*
(c) Number of shares as to which such person has:*
(i) sole power to vote or to direct the vote
(ii) shared power to vote or to direct the vote
(iii) sole power to dispose or to direct the disposition of
(iv) shared power to dispose or to direct the disposition of
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
_____________________________
* Incorporated by reference to cover page.
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 12, 1999
---------------------------
Date
/s/ MICHAEL K. MURTAUGH
---------------------------
Signature
Michael K. Murtaugh
---------------------------
Printed Name
