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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,
 OsnWQqGYaGLp1sFXE+Rv+taevDyCsbZq1nCKpWMnCwPK9jh1WPSHmN5Qh5DjlgD4
 +xKlBj51vh6mIqREUXA8ew==

<SEC-DOCUMENT>0001209191-03-012347.txt : 20030718
<SEC-HEADER>0001209191-03-012347.hdr.sgml : 20030718
<ACCEPTANCE-DATETIME>20030717202308
ACCESSION NUMBER:		0001209191-03-012347
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030715
FILED AS OF DATE:		20030718

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			UBS CAPITAL AMERICAS III LP
		CENTRAL INDEX KEY:			0001117191
		STATE OF INCORPORATION:			X0

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-15187
		FILM NUMBER:		03792117

	BUSINESS ADDRESS:	
		STREET 1:		UBS CAPITAL JERSEY II LLD, PO BOX 72
		STREET 2:		44 ESPLANADE,ST HELLER,JERSEY JF4 8PN
		CITY:			CHANNEL ISLANDS
		STATE:			X0
		ZIP:			00000

	MAIL ADDRESS:	
		STREET 1:		UBS CAPITAL AMERIAS LA ADVISORS LLC
		STREET 2:		299 PARK AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10171

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IFX CORP
		CENTRAL INDEX KEY:			0000792861
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
		IRS NUMBER:				363399452
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	BUSINESS ADDRESS:	
		STREET 1:		707 SKOKIE BLVD 5TH FLOOR
		CITY:			NORTHBROOK
		STATE:			IL
		ZIP:			60062
		BUSINESS PHONE:		8474129411

	MAIL ADDRESS:	
		STREET 1:		707 SKOKIE BLVD 5TH FLOOR
		CITY:			NORTHBROOK
		STATE:			IL
		ZIP:			60062

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CARL JACK 312 FUTURES INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	312 FUTURES INC
		DATE OF NAME CHANGE:	19860916
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bny88474_bny01uc3.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument><schemaVersion>X0101</schemaVersion>    <documentType>4</documentType><periodOfReport>2003-07-15</periodOfReport><notSubjectToSection16>0</notSubjectToSection16><issuer><issuerCik>0000792861</issuerCik><issuerName>IFX CORP</issuerName>        <issuerTradingSymbol>FUTR.OB</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001117191</rptOwnerCik><rptOwnerName>UBS CAPITAL AMERICAS III LP</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>  </rptOwnerStreet1><rptOwnerStreet2>  </rptOwnerStreet2><rptOwnerCity>  </rptOwnerCity><rptOwnerState>  </rptOwnerState><rptOwnerZipCode>  </rptOwnerZipCode></reportingOwnerAddress><reportingOwnerRelationship><isDirector>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><derivativeSecurity><securityTitle><value>Convertible Note (right to buy)</value></securityTitle><conversionOrExercisePrice><valu
e>1.20</value><footnoteId id="F1" /></conversionOrExercisePrice><transactionDate><value>2003-07-15</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>P</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>7590</value><footnoteId id="F1" /></transactionShares><transactionValue><value>1.20</value></transactionValue><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2003-07-15</value></exerciseDate><expirationDate><value>2008-07-01</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Series D Preferred Stock</value><footnoteId id="F1" /></underlyingSecurityTitle><underlyingSecurityShares><value>7590</value><footnoteId id="F1" /></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><valueOwnedFollowingTransaction><value>8750</value><footnoteId id="F2" /></valueOwnedFollowingT
ransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value><footnoteId id="F3" /></directOrIndirectOwnership><natureOfOwnership><value>By UBS Capital LLC</value></natureOfOwnership></ownershipNature></derivativeSecurity><derivativeSecurity><securityTitle><value>Convertible Note (right to buy)</value></securityTitle><conversionOrExercisePrice><value>1.20</value><footnoteId id="F4" /></conversionOrExercisePrice><transactionDate><value>2003-07-15</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>P</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>144227</value><footnoteId id="F4" /></transactionShares><transactionValue><value>1.20</value><footnoteId id="F4" /></transactionValue><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2003-07-15</value></exerciseDate><expirationDat
e><value>2008-07-01</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Series D Preferred Stock</value><footnoteId id="F4" /></underlyingSecurityTitle><underlyingSecurityShares><value>144227</value><footnoteId id="F4" /></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><valueOwnedFollowingTransaction><value>166250</value><footnoteId id="F5" /></valueOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>By subsidiary</value></natureOfOwnership></ownershipNature></derivativeSecurity><footnotes><footnote id="F1">Convertible Note in the principal amount indicated, together with interest thereon, is convertible into Series D Preferred Stock at the rate of $1.20 per share plus 0.0342 shares of Series D Preferred Stock for each dollar of Convertible Note converted. Upon issuance, Series D Preferred Stock would currently be convertible into Common Stock on a 2-
for-1 basis, subject to customary anti-dilution provision.</footnote><footnote id="F2">This Form 4 reports securities acquired by the Reporting Person in the referenced transaction. The Reporting Person beneficially owns additional securities of the Issuer. See Form 4 filed with the Securities and Exchange Commission on May 16, 2003, which is incorporated herein by reference.</footnote><footnote id="F3">The undersigned is an attorney-in-fact of UBS Captial LLC. The undersigned may be deemed to share voting and dispositive power with respect to such shares. The undersigned disclaims beneficial ownership of these shares.</footnote><footnote id="F4">Convertible Note in the principal amount indicated, together with interest thereon, is convertible into Series D Preferred Stock at the rate of $1.20 per share plus 0.0342 shares of Series D Preferred Stock for each dollar of Convertible Note converted. Upon isssuance, Series D Preferred Stock would currently be convertible into Common Stock on a 2-for-1 basis, subj
ect to customary anti-dilution provisions</footnote><footnote id="F5">This Form 4 reports securities acquired by the Reporting Person in the referenced transaction. The Reporting Person beneficially owns additional securities of the Issuer. See Form 4 filed with the Securities and Exchange Commission on May 16, 2003, which is incorporated herein by reference. </footnote></footnotes><ownerSignature><signatureName>UBS AG -s- Robert Mills, Managing Director</signatureName><signatureDate>2003-07-15</signatureDate></ownerSignature><ownerSignature><signatureName>UBS AG -s- Robert Dinerstein, Managing Director</signatureName><signatureDate>2003-07-15</signatureDate></ownerSignature><ownerSignature><signatureName>UBS CAPITAL AMERICAS III, LLC f/k/a UBS CAPITAL AMERICAS (LA-ADVISORS) LLC -s- Richard Capone, Partner</signatureName><signatureDate>2003-07-15</signatureDate></ownerSignature><ownerSignature><signatureName>UBS CAPITAL AMERICAS III, LLC f/k/a UBS CAPITAL AMERICAS (LA-ADVISORS) LLC -s- Marc Unger, Chief Fina
ncial Officer</signatureName><signatureDate>2003-07-15</signatureDate></ownerSignature><ownerSignature><signatureName>UBS CAPITAL JERSEY CORPORATION II, LTD. -s- Sheila Carnicelli, Attorney-in-Fact</signatureName><signatureDate>2003-07-15</signatureDate></ownerSignature><ownerSignature><signatureName>UBS CAPITAL JERSEY CORPORATION II, LTD. -s- Sandra Ward Costin, Attorney-in-Fact</signatureName><signatureDate>2003-07-15</signatureDate></ownerSignature></ownershipDocument>

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