X0201 42003-10-03 0000825521 OBSIDIAN ENTERPRISES INC OBSD 0001256199 OSLER JEFFREY W 111 MONUMENT CIRCLE SUITE 4800 INDIANAPOLIS, IN 46204 1110Ex. VP, Sec. and Treas.Series D Preferred Stock2003-10-034P014285ACommon Stock250000014285IBy limited partnershipEach share of the Issuer's Series D Preferred Stock is convertible at the option of the holder into 175 shares of the Issuer's Common Stock. The purchase price for the 14,285 shares of Series D Preferred Stock was $250,000.The shares were purchased by Obsidian Capital Partnership, L.P. ("OCP"). The Reporting Person is a managing member of the general partner of OCP and may be deemed to beneficially own shares held by OCP. The Reporting Person disclaims beneficial ownership of any securities held by OCP except to the extent of his pecuniary interest and this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. Jeffrey W. Osler2003-10-03