UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 3 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 1. Name and Address of Reporting Person May, Peter W. 895 Park Avenue New York, NY 10021 USA 2. Date of Event Requiring Statement (Month/Day/Year) June 30, 1999 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Issuer Name and Ticker or Trading Symbol MCM Capital Group, Inc. MCMC 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) (X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other (specify below) 6. If Amendment, Date of Original (Month/Day/Year) 7. Individual or Joint/Group Filing (Check Applicable Line) (X) Form filed by One Reporting Person ( ) Form filed by More than One Reporting Person ___________________________________________________________________________________________________________________________________ Table I -- Non-Derivative Securities Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect | | Securities | Form: | Beneficial Ownership | | Beneficially | Direct(D) or | | | Owned | Indirect(I) | | ___________________________________________________________________________________________________________________________________| Common Stock, $.01 par value |145,327(1) |(I)(3) |Jonathan P. May 1998 Trust | - -----------------------------------------------------------------------------------------------------------------------------------| Common Stock, $.01 par value |145,327(2) |(I)(3) |Leslie A. May 1998 Trust | - -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ Table II -- Derivative Securitites Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect | Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership | | Expiration | Securities | |exercise |Form of | | | Date(Month/ |-----------------------|---------|price of |Deriv- | | | Day/Year) | |Amount |deri- |ative | | | Date | Expira- | |or |vative |Security: | | | Exer- | tion | Title |Number of|Security |Direct(D) or | | | cisable | Date | |Shares | |Indirect(I) | | ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________| Explanation of Responses: (1) All such shares are held in the Jonathan P. May 1998 Trust (the "JPM Trust"), an entity in which Mr. May is a trustee. The JPM Trust owns 8.403% of MCM Holding Company LLC which owns 1,729,396 shares (35%) of MCM Capital Group, Inc. prior to its initial public offering. (2) All such shares are held in the Leslie A. May 1998 Trust (the "LAM Trust), an entity in which Mr. May is a trustee. The LAM Trust owns 8.403% of MCM Holding Company LLC which owns 1,729,396 shares (35%) of MCM Capital Group, Inc. prior to its initial public offering. (3) The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. SIGNATURE OF REPORTING PERSON Peter W. May DATE June 30, 1999