Donahue Michael – ‘3’ for 8/16/99 re: Interworld Corp.

As of:  Friday, 2/4/00   ·   For:  8/16/99   ·   Accession #:  1060326-0-1   ·   File #:  0-26925

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Initial Statement of Beneficial Ownership of Securities by an Insider   —   Form 3   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 3           Initial Statement of Beneficial Ownership of           2     12K 
                Securities by an Insider                                         

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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

(Ptint or Type Responses)                                                       
=============================================================================== 
1. Name and Address of Reporting Person*                                        

Donahue                         Michael                   J.            
------------------------------------------------------------------------------- 
(Last)                          (First)                   (Middle)        

395 Hudson Street, 6th Floor                                            
------------------------------------------------------------------------------- 
(Street)                                                                  

New York                         NY                      10014          
------------------------------------------------------------------------------- 
(City)                           (State)                  (Zip)           

=============================================================================== 
2. Date of Event Requiring Statement (Month/Day/Year)                           

08/16/99                                                                
=============================================================================== 
3. I.R.S. Identification Number of Reporting Person, if any entity (Voluntary)  

=============================================================================== 
4. Issuer Name and Ticker or Trading Symbol                                     

InterWorld Corporation/INTW                                             
=============================================================================== 
5. Relationship of Reporting Person(s) to Issuer                                
(Check all applicable)                                                    

[ X ]   Director                             [ X ]   10% Owner            
[ X ]   Officer (give title below)           [   ]   Other (specify below)

Chariman of the Board of Directos 
--------------------------------------------------------------------
=============================================================================== 
6. If Amendment, Date of Original (Month/Day/Year)                              
8/9/99 (1)                                                              
=============================================================================== 
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
=============================================================================== 

                                                        [Enlarge/Download Table]
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 1. Title of Security      2. Amount of Securities      3. Ownership Form:     4. Nature of Indirect Beneficial                    
    (Instr. 4)                Beneficially Owned           Direct (D) or          Ownership                                        
                              (Instr. 4)                   Indirect (I)           (Instr.5)                                        
                                                           (Instr. 5)                                                              
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    Common Stock                 4,792,767                     D                                                                   

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    Common Stock                 20,000                        I                   By Spouse                                       

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===================================================================================================================================

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)                                                                 

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FORM 3 (continued)                                                              

Table II - Derivative Securities Beneficially Owned 
(e.g., puts, call, warrants, options, convertible securities) 

=============================================================================== 

                                                        [Enlarge/Download Table]
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                                                                                                    5. Owner-                       
                                                  3. Title and Amount of Securities                    ship                         
                                                     Underlying Derivative Security                    Form of                      
                        2. Date Exercisable          (Instr. 4)                                        Derivative                   
                           and Expiration Date    ---------------------------------  4. Conver-        Security:                    
                           (Month/Day/Year)          Title              Amount          sion or        Direct       6. Nature of    
                        -----------------------                         or              Exercise       (D) or          Indirect     
                          Date       Expira-                            Number          Price of       Indirect        Beneficial   
1. Title of Derivative    Exer-      tion                               of              Derivative     (I)             Ownership    
   Security (Instr. 4)    cisable    Date                               Shares          Security       (Instr.5)       (Instr. 5)   
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Explanation of Responses:                                                     
(1) This amendment is being filed to correct an unintentional miscalculation  
in the total number of shares owned by Mr. Donahue.                   

                 /s/ Michael J. Donahue                     January 31, 2000
               ------------------------------------------   --------------------
** 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.             

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘3’ Filing		Date		First		Last			Other Filings
		12/31/01		1
Filed on:		2/4/00							3
		1/31/00		2
For Period end:		8/16/99							3
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