3 1 a2092879z3.htm FORM 3
        FORM 3



(Print or Type Responses)		   U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF
BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(h) of the Investment Company Act of 1940		    
1.   Name and Address of Reporting Person*   2.   Date of Event Requiring Statement
(Month/Day/Year)		   4.   Issuer Name and Ticker or Trading Symbol
    DeWolfe   Christopher   T.       November 1, 2002   Fog Cutter Capital Group Inc. (FCCG)    
 
 
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (voluntary)   5.   Relationship of Reporting Person(s) to Issuer (Check all applicable)   6.   If Amendment, Date of Original
(Month/Day/Year)
                          X   Director            10% Owner        
9904 Robbins Drive                            
(Street)		  
                 Officer
              (give title below)		                  Other
              (specify below)		  
                                    7.   Individual or Joint/Group Filing
    Beverly Hills   CA   90212                            
         
      (Check Applicable Line)
    (City)   (State)   (Zip)                               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
(Instr. 4)		   2.   Amount of Securities
Beneficially Owned
(Instr. 4)		   3.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 5)		   4.   Nature of Indirect
Beneficial Ownership
(Instr. 5)
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
                             
*    If the form is filed by more than one reporting person, see Instruction 5(b)(v).
Reminder:    Report on a separate line for each class of securities beneficially owned directly or indirectly.
FORM 3 (Continued)   Table II — Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
    
1.   Title of Derivative Security
(Instr. 4)		   2.   Date Exercisable and Expiration Date
(Month/Day/Year)		   3.   Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		   4.   Conversion or Exercise Price of Derivative Security   5.   Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		   6.   Nature of Indirect Beneficial Ownership
(Instr. 5)
                                 
       
                       
            Date
Exercisable		   Expiration
Date		       Title   Amount or Number of Shares                        
    Option (Right to Purchase)       11/1/02   11/1/12       Common Stock   5,000       $3.00 per share       (D)       N/A
                                                     
                                                     
                                                     
                                                     
                                                     
                                                     
                                                     
                                                     
                                                     
                                                     
                                                     

Explanation of Responses:

/s/ Christopher T. DeWolfe   11/07/02
**Signature of Reporting Person		  
Date

**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.