Lincoln Logs Ltd. – ‘3’ for 6/28/02 re: Lincoln Logs Ltd.

On:  Friday, 3/28/03, at 10:30am ET   ·   For:  6/28/02   ·   Accession #:  717422-3-19   ·   File #:  0-12172

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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±     8K 
                Securities by an Insider                                         


                       U.S. 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(h) of the Investment
Company Act of 1940               

                                                        [Enlarge/Download Table]
                                                                                                                            
1. Name and Address of      2. Date of Event    4.Issuer Name and                                                           
Reporting Person            Requiring Statement Ticker or Trading Symbol                                                    
                            (Month/Day/Year)                                                                                
Shepherd Benjamin    A.                         Lincoln Logs Ltd./LLOG                                                      
(Last)    (First) (Middle)  3/17/03                                                 6. If amendment, Date                   
                            3. IRS or           5. Relationship of Reporting          of Original (Month/Day/Year)          
                              Social                    Person(s) to Issuer (Check                                          
88 Garden Street              Security          all applicable)                     7. Individual or Joint/Group            
   (Street)                   Number of         ___Director      ___10% Owner       Filing (Check Applicable Line)          
                              Reporting         _X_Officer (give ___Other (specify                                          
Cambridge  MA    02138        Person                title below)           below)   _X_Form filed by One Reporting Person   
(City)   (State) (Zip)       (Voluntary)                                            ___Form filed by More than One Reporting
                                                                VP-Corp. Development                     Person             


Table I - Non-Derivative Securities Beneficially Owned                          

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

                                                                                       
Common Stock         11,000            D                                               


Reminder:  Report on a separate line for each class of securities beneficially  
owned directly or indirectly.                                                   
(Over)                                                                          
Form 3 (continued)                                                              
Table II - Derivative Securities Beneficially Owned                             
    (e.g., puts, calls, warrants, options, convertible securities)

____________________________________________________________________________    

                                                        [Enlarge/Download Table]
                                                                                                  
1.Title of    2.Date Exer-     3.Title and Amount     4.Conversion    5. Ownership     6.Nature of
  Derivative  cisable and      of Securities          or Exercise     Form of Deri-    Indirect   
  Security    Expiration       Underlying Derivative  Price of Deri-  vative Sec-      Beneficial 
  (Instr. 4)  Date (Month/     Security (Instr. 4)    vative Security urity: Direct    Ownership  
              Day/Year)                                               (D) or Indirect  (Instr. 5) 
                                                                      (I) (Instr. 5)              

              Date    Expira-  Title      Amount or                                               
              Exer-   tion                Number of                                               
              cisable Date                Shares                                                  


______________________________________________________________________________  
Explanation of Responses:                                                       

                                     /S/ Benjamin A. Shepherd   March 27, 2003
                                      -----------------------   --------------
**  Intentional misstatements or                                                
omissions of facts constitute Federal                                           
Criminal Violations.                   ** Signature of Reporting Person   Date  
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).                                       

Page 2                                                                    

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘3’ Filing		Date		Other Filings
Filed on:		3/28/03		4
		3/27/03
For Period end:		6/28/02		DEF 14A
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