3 1 jf3.txt J. FRAZIER FORM 3 FORM 3 OMB Approval ------------------------------ OMB Number 3235-014 Expires: December 31, 2001 Estimated average burden hours per response 0.5 ------------------------------ UNITED STATES 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(f) of the Investment Company Act of 1940 (Print or Type Responses) 1. Name and Address of Reporting Person* Jeffrey Philip Frazier 2956 Nova Road Pine, CO 80470 2. Date of Event Requiring Statement (Month/Day/Year) 4/23/01 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) 4. Issuer Name and Ticker or Trading Symbol Bail Corporation 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 (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 Form:|4. Nature of Indirect (Instr. 4) | Securities | Direct (D) or | Beneficial | Beneficially| Indirect (I) | Ownership | Owned | (Instr. 5) | (Instr. 5) | (Instr. 4) | | ____________________|_______________|__________________|______________________ Common Stock, | 1,000,000 | D | no par value | | | ____________________|_______________|__________________|______________________ Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. *If the form is filed by more than one reporting person, see Instruction 5(b)(v). ------------------------------------------------------------------------------ Table II Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ------------------------------------------------------------------------------ 1.Title of |2.Date Exer- |3.Title and |4.Conver-|5.Owner- |6.Nature Derivative |cisable and |Amount of |sion or |ship Form|of Security |Expiration |Securities |Exercise |of Deriv-|Indirect (Instr. 4) |Date (Month/ |Underlying |Price of |ative |Benefi- |Day/Year) |Derivative |Deriva- |Security:|cial | |Security |tive |Direct |Owner- | |(Instr. 4) |Security |(D) or |ship | | | |Indirect |(Instr.5) | | | |(I) | | | | |(Instr.5)| |________________|_____________| | | |Date |Expira-|Title |Amount| | | |Exercis-|tion | |or | | | |able |Date | |Number| | | | | | |of | | | | | | |Shares| | | ________________|________|_______|______|______|_________|_________|__________ | | | | | | | ________________|________|_______|______|______|_________|_________|__________ | | | | | | | ________________|________|_______|______|______|_________|_________|__________ Explanation of Responses: /s/ Jeffrey Philip Frazier May 7, 2001 ------------------------------- ---------------- **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. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.