3 1 welund3tcweng.txt FORM 3 - WELUND FUND, INC. U.S. SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 3 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(f) of the Investment Company Act of 1940 ------------------------------------------------------------------------- 1. Name and Address of Reporting Person* T. Chong Weng ------------------------------------------------------------------------ (Last) (First) (Middle) 244 Fifth Avenue, #W219 ------------------------------------------------------------------------- (Street) New York, New York 10001-7604 ------------------------------------------------------------------------- (City) (State) (Zip) ------------------------------------------------------------------------ 2. Date of Event Requiring Statement (Month/Day/Year) January 2, 2003 ------------------------------------------------------------------------ 3. IRS Identification Number of Reporting Person, if an entity (Voluntary) ------------------------------------------------------------------------ 4. Issuer Name and Ticker or Trading Symbol WELUND FUND, INC. ------------------------------------------------------------------------- 5. Relationship of Reporting Person to Issuer (Check all applicable) |x| Director |x| 10% Owner |x| Officer (give title below) | | Other (specify below) President, Chief Executive Officer, Chief Financial Officer, Secretary and Treasurer. ------------------------------------------------------------------------- 6. If Amendment, Date of Original (Month/Day/Year) N/A ------------------------------------------------------------------------- 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 Beneficial Form: Indirect (I) Securities Direct (D) Beneficial Beneficially or Ownership Owned Indirect (I) (Instr.4) (Instr. 5) (Instr. 5) (Instr.5) ------------------------------------------------------------------------- Common Stock, par 1,240,000 D value $.0001 ------------------------------------------------------------------------ * 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. Page 1 of 2 FORM 3 (continued) Table II -Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ------------------------------------------------------------------------- 1.Title 2.Date 3.Title and 4.Conversion 5. Ownership 6.Nature of Excerisable Amount of or Exercise Form of of Derivative and Securities Price of Derivative Benefi- Securities Expiration Underlying Derivative Security: cial Date Derivative Security Direct (D) Owner- Or Indirect ship (I) ------------------------------------------------------------------------- None ------------------------------------------------------------------------- ------------------------------------------------------------------------- Explanation of Responses: /s/ T. Chong Weng January 6, 2003 -------------------------------------------- ------------------ ** 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 provided is insufficient, See Instruction 6 for procedure. Page 2 of 2