SCHEDULE 13G
Amendment No.
Trans Net Corporation
common stock
Cusip # 893782102
Filing Fee: Yes
Cusip # 893782102
Item 1: Reporting Person - FMR Corp. - (Tax ID: 04-2507163)
Item 4: Commonwealth of Massachusetts
Item 5: 164,490
Item 6: None
Item 7: 603,675
Item 8: None
Item 9: 603,675
Item 11: 10.69%
Item 12: HC
Cusip # 893782102
Item 1: Reporting Person - Edward C. Johnson 3d - (Tax ID: ###-##-####)
Item 4: United States of America
Item 5: None
Item 6: None
Item 7: 603,675
Item 8: None
Item 9: 603,675
Item 11: 10.69%
Item 12: IN
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)
Item 1(a). Name of Issuer:
Trans Net Corporation
Item 1(b). Name of Issuer's Principal Executive Offices:
45 Columbia Road
Somerville, NJ 08876-3576
Item 2(a). Name of Person Filing:
FMR Corp.
Item 2(b). Address or Principal Business Office or, if None, Residence:
82 Devonshire Street, Boston, Massachusetts 02109
Item 2(c). Citizenship:
Not applicable
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
893782102
Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) and the
person filing, FMR Corp., is a parent holding company in accordance
with Section 240.13d-1(b)(ii)(G). (Note: See Item 7).
Item 4. Ownership
(a) Amount Beneficially Owned: 603,675
(b) Percent of Class: 10.69%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 164,490
(ii) shared power to vote or to direct the vote: None
(iii) sole power to dispose or to direct the disposition of:
603,675
(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.
Various persons have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from
the sale of, the common stock of Trans Net Corporation. The
interest of one person, Fidelity Management Trust Company, a
bank as defined in Section 3(a)(6) of the Securities
Exchange Act of 1934, in the common stock of Trans Net
Corporation, amounted to 293,916 shares or 5.21% of the
total outstanding common stock at December 31, 1993. The
number of shares of common stock of Trans Net Corporation
owned by the institutional account(s) at December 31, 1993
included 293,916 shares of common stock resulting from the
assumed conversion of $14,216,000 principal amount (20.675
shares of common stock for each 1,000 shares the LYON).
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
See attached Exhibit(s) A and B.
Item 8. Identification and Classification of Members of the Group.
Not applicable, see attached Exhibit A.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having such
purpose or effect.
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.
January 10, 1994
Date
Signature
Arthur S. Loring, Vice President
Name/Title
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)
Pursuant to the instructions in Item 7 of Schedule 13G, Fidelity
Management & Research Company ("Fidelity"), 82 Devonshire Street, Boston,
Massachusetts 02109, a wholly-owned subsidiary of FMR Corp. and an
investment adviser registered under Section 203 of the Investment Advisers
Act of 1940, is the beneficial owner of 309,759 shares or 5.49% of the
common stock outstanding of Trans Net Corporation ("the Company") as a
result of acting as investment adviser to several investment companies
registered under Section 8 of the Investment Company Act of 1940. The
number of shares of common stock of Trans Net Corporation owned by the
investment companies at December 31, 1993 included 275,391 shares of common
stock resulting from the assumed conversion of $13,320,000 principal amount
of the Convertible LYON (20.675 shares of common stock for each 1,000
shares the LYON), and 34,368 shares of convertible stock resulting from the
assumed conversion of $1,000,000 principal amount of the Convertible
Subordinated Debenture (34.368 shares of common stock for each $1,000
principal amount of the debenture).
Edward C. Johnson 3d, FMR Corp., through its control of Fidelity, and
the Funds each has sole power to dispose of the 309,759 shares owned by the
Funds.
Neither FMR Corp. nor Edward C. Johnson 3d, Chairman of FMR Corp.,
has the sole power to vote or direct the voting of the Shares owned
directly by the Fidelity Funds, which power resides with the Funds' Boards
of Trustees. Fidelity carries out the voting of the Shares under written
guidelines established by the Funds' Boards of Trustees.
Fidelity Management Trust Company, 82 Devonshire Street, Boston,
Massachusetts 02109, a wholly-owned subsidiary of FMR Corp. and a bank as
defined in Section 3(a)(6) of the Securities Exchange Act of 1934, is the
beneficial owner of 293,916 shares or 5.21% of the common stock outstanding
of the company as a result of its serving as investment manager of the
institutional account(s). The number of shares of common stock of Trans
Net Corporation owned by the institutional account(s) at December 31, 1993
included 293,916 shares of common stock resulting from the assumed
conversion of $14,216,000 principal amount of the Convertible LYON
described above.
FMR Corp., through its control of Fidelity Management Trust Company,
has sole dispositive power over 293,916 Shares and sole power to vote or to
direct the voting of 164,490 shares, and no power to vote or to direct the
voting of 129,426 Shares of common stock owned by the institutional
account(s) as reported above.
Edward C. Johnson 3d owns 34.0% of the outstanding voting common stock
of FMR Corp. Mr. Johnson 3d is Chairman of FMR Corp. Various Johnson
family members and trusts for the benefit of Johnson family members own FMR
Corp. voting common stock. These Johnson family members, through their
ownership of voting common stock, form a controlling group with respect to
FMR Corp.
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)
RULE 13d-1(e) AGREEMENT
The undersigned persons, on January 10, 1994, agree and consent to the
joint filing on their behalf of this Schedule 13G in connection with their
beneficial ownership of the common stock of Trans Net Corporation at
December 31, 1993.
FMR Corp.
By
Arthur S. Loring
Vice President - Legal
Edward C. Johnson 3d
By
Arthur S. Loring
Under Power of Attorney
dated 5/17/89
On File with Schedule 13G
for
Airborne Freight Corp.
9/10/91
Fidelity Management & Research Company
By
Arthur S. Loring
Sr. V.P. and General
Counsel
Fidelity Management Trust Company
By
John T. McGrath
Treasurer and Vice
