SEC Info - Oak Finance Investments Ltd., et al. - ‘3’ for 1/21/05 re: Helios & Matheson Analytics Inc.

FORM 3

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
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

ABACUS TRUST

(Last)

(First)

(Middle)

102 PARGAS STREET NO 9

(Street)

NICOSIA

1065

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
1/21/05

3. Issuer Name and Ticker or Trading Symbol
A CONSULTING TEAM INC [ TACX ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	4,972,701 ⁽²⁾	I	By Excalibur Investment Group Ltd. ⁽¹⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)

1. Name and Address of Reporting Person^*

ABACUS TRUST

(Last)

(First)

(Middle)

102 PARGAS STREET NO 9

(Street)

NICOSIA

1065

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

OAK FINANCE INVESTMENTS LTD

(Last)

(First)

(Middle)

325 WATERFRONT DRIVE

OMAR HODGE BUILDING 2ND FLR WICKHAMS CAY

(Street)

ROAD TOWN TORTOLA

00000

(City)

(State)

(Zip)

Explanation of Responses:

(1) Joint Filing on behalf of (1) David Perlman, Trust Secretary of The Abacus Trust, Office 102, Pargas St. No. 9, Nicosia, Cyprus 1065, (2) Matthew Charles Stokes, Sole director of Excalibur Investment Group, Ltd., c/o Trident Trust Company (BUI) Ltd., Trident Chambers, PO Box 48 Road Town, Tortola, British Virgin Islands and (3) Excalibur Investment Group Ltd.

(2) Right to acquire under agreements dated 1/25/05. See Issuer's Form 8-K filed 1/26/05.

	/s/ David Perlman, Trust Secretary for The Sonali Trust	1/31/05
	** Signature of Reporting Person	Date
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).
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Oak Finance Investments Ltd., et al. – ‘3’ for 1/21/05 re: Helios & Matheson Analytics Inc.

On: Monday, 1/31/05, at 4:31pm ET · For: 1/21/05 · As: 10% Owner and Other · Accession #: 1144204-5-2823 · File #: 0-22945

Previous ‘3’: ‘3’ on 1/31/05 for 1/21/05 · Latest ‘3’: This Filing

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

This ‘3’ Document is an XML Data File that may be rendered in various formats:

Oak Finance Investments Ltd., et al. – ‘3’ for 1/21/05 re: Helios & Matheson Analytics Inc.

On: Monday, 1/31/05, at 4:31pm ET · For: 1/21/05 · As: 10% Owner and Other · Accession #: 1144204-5-2823 · File #: 0-22945

Previous ‘3’: ‘3’ on 1/31/05 for 1/21/05 · Latest ‘3’: This Filing

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

This ‘3’ Document is an XML Data File that may be rendered in various formats:

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