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
Madison West Associates Corp.,
280 Park Avenue, 24th Floor
New York, NY 10017
USA
2. Date of Event Requiring Statement (Month/Day/Year)
February 22, 2002
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)
( ) Director (X) 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
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Table I -- Non-Derivative Securities Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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Common Stock |603,787 |(D) | |
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Table II -- Derivative Securitites Beneficially Owned |
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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) | |
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Common Stock Warrants (r|Immed. |10/31/05 |Common Stock |21,820 |$0.01 |(D) | |
ight to buy) | | | | | | | |
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Series A Senior Cumulati|Immed. | |Common Stock |1,745,660|$0.50 |(D) | |
ve Participating Convert| | | | | | | |
ible Preferred Stock | | | | | | | |
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Explanation of Responses:
(1) Represents proportionate amount of warrants to purchase Common Stock of
the Issuer that were granted to CTW Funding, LLC ("CTW"). The reporting person
is a member and holds an
8.729% interest in CTW. The reporting person disclaims beneficial ownership of
the remaining warrants held by CTW, 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
Stuart I. Rosen, SVP on behalf of Madison West Assoc. Corp.
DATE
March 4, 2001
