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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 V4vRvIpne4cWr8ebNQGOzOSyxnVrNi+Fwc66nAwKFMnFZKp82AhgouPfRB3qUBiy
 rYc+e5AEf9JYcFgizDkImA==

<SEC-DOCUMENT>0000950142-04-000780.txt : 20040315
<SEC-HEADER>0000950142-04-000780.hdr.sgml : 20040315
<ACCEPTANCE-DATETIME>20040315134322
ACCESSION NUMBER:		0000950142-04-000780
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030829
FILED AS OF DATE:		20040315

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN SKIING CO /ME
		CENTRAL INDEX KEY:			0001043432
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
		IRS NUMBER:				043373730
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0730

	BUSINESS ADDRESS:	
		STREET 1:		P O BOX 450
		STREET 2:		SUNDAY RIVER ACCESS RD
		CITY:			BETHEL
		STATE:			ME
		ZIP:			04217
		BUSINESS PHONE:		2078248100

	MAIL ADDRESS:	
		STREET 1:		P O BOX 450
		STREET 2:		SUNDAY RIVER ACCESS RD
		CITY:			BETHEL
		STATE:			ME
		ZIP:			04217

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ASC HOLDINGS INC
		DATE OF NAME CHANGE:	19970805

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			OAK HILL SECURITIES FUND LIQUIDATING TRUST
		CENTRAL INDEX KEY:			0001266783

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13507
		FILM NUMBER:		04668765

	BUSINESS ADDRESS:	
		STREET 1:		201 MAIN ST.
		STREET 2:		SUITE 2600
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76102
		BUSINESS PHONE:		8173801500

	MAIL ADDRESS:	
		STREET 1:		201 MAIN ST
		STREET 2:		SUITE 2600
		CITY:			FORT WORTH
		STATE:			TX
		ZIP:			76102
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>form3_ohsflt-aesk082903ex.xml
<DESCRIPTION>INIT'L STMT OF BENEFICIAL OWNERSHIP OF SECURITIES
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2003-08-29</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001043432</issuerCik>
        <issuerName>AMERICAN SKIING CO /ME</issuerName>
        <issuerTradingSymbol>AESK</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001266783</rptOwnerCik>
            <rptOwnerName>OAK HILL SECURITIES FUND LIQUIDATING TRUST</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>201 MAIN ST.</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 2600</rptOwnerStreet2>
            <rptOwnerCity>FORT WORTH</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>76102</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>**See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $0.01 per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>25486</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>12% Series C-1 Convertible Participating Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>1.25</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <value>2007-07-31</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1054414</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The Reporting Person may be deemed a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding Common Stock. However, the Reporting Person disclaims such group membership, and this report shall not be deemed an admission that the Reporting Person is a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding Common Stock for purposes of Section 16 or for any other purpose.</footnote>
        <footnote id="F2">Effective immediately.</footnote>
    </footnotes>

    <remarks>** May be deemed a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding Common Stock.

Mr. August has signed this Form 3 in his capacity as President of Oak Hill Securities MGP, Inc., which is the general partner of Oak Hill Securities GenPar, L.P., which is the administrative trustee of the Reporting Person.</remarks>

    <ownerSignature>
        <signatureName>Glenn R. August, President</signatureName>
        <signatureDate>2004-03-15</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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