BAB HOLDINGS INC
SC 13G/A, 2000-11-09
CONVENIENCE STORES
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                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                -----------------

                                 SCHEDULE 13G/A


             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
           TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
                            PURSUANT TO RULE 13b-2(b)



                               PLANET ZANETT, INC.
       ------------------------------------------------------------------
                                (NAME OF ISSUER)


                     COMMON STOCK, $.001 PAR VALUE PER SHARE
       ------------------------------------------------------------------
                         (TITLE OF CLASS OF SECURITIES)


                                   72704X 10 5
       ------------------------------------------------------------------
                                 (CUSIP NUMBER)


                                OCTOBER 30, 2000
       ------------------------------------------------------------------
             (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)
                           |X|      Rule 13d - 1(c)
                           |_|      Rule 13d - 1(d)



                                  Page 1 of 6
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CUSIP NO. 72704X 10 5                13G/A                     PAGE 2 OF 6 PAGES
---------------------                                          -----------------

--------------------------------------------------------------------------------
1                 NAMES OF REPORTING PERSONS
                  I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)


                  BRUNO GUAZZONI
--------------------------------------------------------------------------------
2                 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                                                                  (a)      |_|
                                                                  (b)      |_|
--------------------------------------------------------------------------------
3                 SEC USE ONLY

--------------------------------------------------------------------------------
4                 CITIZENSHIP OR PLACE OF ORGANIZATION

                  EUROPEAN UNION
--------------------------------------------------------------------------------

                           5     SOLE VOTING POWER
NUMBER OF
SHARES                           5,479,184
BENEFICIALLY               -----------------------------------------------------
OWNED BY                   6     SHARED VOTING POWER
EACH
REPORTING                        0
PERSON                     -----------------------------------------------------
WITH                       7     SOLE DISPOSITIVE POWER

                                 5,479,184
                           -----------------------------------------------------
                           8     SHARED DISPOSITIVE POWER

                                 0
--------------------------------------------------------------------------------
9                 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                  5,479,184
--------------------------------------------------------------------------------
10                CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
                  EXCLUDES CERTAIN SHARES*                                  |_|

--------------------------------------------------------------------------------
11                PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                  22.62%
--------------------------------------------------------------------------------
12                TYPE OF REPORTING PERSON*

                  IN
--------------------------------------------------------------------------------

                      * SEE INSTRUCTIONS BEFORE FILLING OUT


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---------------------                                          -----------------
CUSIP NO. 72704X 10 5                13G/A                     PAGE 3 OF 6 PAGES
---------------------                                          -----------------


ITEM 1(a).   NAME OF ISSUER:

             Planet Zanett, Inc.

ITEM 1(b).   ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

             135 East 57th Street, 15th Floor, New York, NY 10022

ITEM 2(a).   NAME OF PERSON FILING:

             Bruno Guazzoni

ITEM 2(b).   ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

             Bruno Guazzoni, c/o Zanett Securities Corporation,
             135 East 57th Street, 15th Floor, New York,
             New York 10022

ITEM 2(c).   CITIZENSHIP:

             European Union

ITEM 2(d).   TITLE OF CLASS OF SECURITIES:

             Common Stock, $.001 par value per share

ITEM 2(e).   CUSIP NUMBER:

             72704X 10 5

ITEM 3.      IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR 13d-2(b)
             OR (c), CHECK WHETHER THE PERSON FILING IS A:

             (a) |_|  Broker or dealer registered under Section 15 of the
                      Exchange Act;

             (b) |_|  Bank as defined in Section 3(a)(6) of the Exchange Act;

             (c) |_|  Insurance company as defined in Section 3(a)(19) of the
                      Exchange Act;

             (d) |_|  Investment company registered under Section 8 of the
                      Investment Company Act;

             (e) |_|  An investment adviser in accordance with Rule
                      13-d(b)(1)(ii)(E);

             (f) |_|  An employee benefit plan or endowment fund in accordance
                      with Rule 13d-1(b)(1)(ii)(F);

             (g) |_|  A parent holding company or control person in accordance
                      with Rule 13d-1(b)(1)(ii)(G);

             (h) |_|  A savings association as defined in Section 3(b) of the
                      Federal Deposit Insurance Act;

             (i) |_|  A church plan that is excluded from the definition of an
                      investment company under Section 3(c)(14) of the
                      Investment Company Act;

             (j) |_|  Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

             If this statement is filed pursuant to Rule 13d-1(c), check
             this box.   |X|


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---------------------                                          -----------------
CUSIP NO. 72704X 10 5                13G/A                     PAGE 4 OF 6 PAGES
---------------------                                          -----------------


ITEM 4.      OWNERSHIP.

             (a)  Amount beneficially owned:

                  5,479,184

             (b)  Percent of Class:

                  22.62%

             (c)  Number of shares to which such person has:

                  (i)    Sole power to vote or to direct the vote:

                         5,479,184

                  (ii)   Shared power to vote or to direct the vote:

                             0

                  (iii)  Sole power to dispose or to direct the disposition of:

                         5,479,184

                  (iv)   Shared power to dispose or direct the disposition of:

                             0


ITEM 5.      OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

             If this statement is being filed to report the fact that as of
             the date hereof the reporting person has ceased to be the
             beneficial owner of more than five percent of the class of
             securities, check the following   [ ].

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 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 A GROUP.

             Not applicable


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---------------------                                          -----------------
CUSIP NO. 72704X 10 5                13G/A                     PAGE 5 OF 6 PAGES
---------------------                                          -----------------


ITEM 10.     CERTIFICATION.

             By signing below I certify that, to the best of my knowledge
             and belief, the securities referred to above were not acquired
             and are not held for the purpose of or with the effect of
             changing or influencing the control of the issuer of the
             securities and were not acquired and are not held in
             connection with or as a participant in any transaction having
             that purpose or effect.




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CUSIP NO. 72704X 10 5                13G/A                     PAGE 6 OF 6 PAGES
---------------------                                          -----------------


                                    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: November 9, 2000                            By: /s/ Bruno Guazzoni
                                                      -------------------
                                                      Bruno Guazzoni






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