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Devaney John · SC 13G · RMK Strategic Income Fund Inc · On 7/28/04

Filed On 7/28/04 10:16am ET · SEC File 5-79954 · Accession Number 950172-4-1808

  As Of               Filer                 Filing     As/For/On Docs:Pgs              Issuer               Agent

 7/28/04  Devaney John                      SC 13G                 1:5    RMK Strategic Income Fund Inc     Skadden Arps Sla..LLP/FA

Statement of Beneficial Ownership · Schedule 13G
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G      Schedule 13g Under '34 Act                             5     21K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (RTF, XML, et al.) Address of Issuer's Principal Executive Offices Address of Principal Business Office Or, If None, Residence Certification Citizenship Cusip Number Identification and Classification of Members of the Group Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company Name of Issuer Name of Person Filing Not applicable as this Schedule is filed pursuant to Rule 13d-1(c) Notice of Dissolution of Group Ownership Ownership of Five Percent or Less of A Class Ownership of More Than Five Percent on Behalf of Another Person Title of Class of Securities
1	1st Page
3	Item 1(A). Name of Issuer
"	Item 1(B). Address of Issuer's Principal Executive Offices
"	Item 2(A). Name of Person Filing
"	Item 2(B). Address of Principal Business Office Or, If None, Residence
"	Item 2(C). Citizenship
"	Item 2(D). Title of Class of Securities
"	Item 2(E). Cusip Number
"	Item 3. Not applicable as this Schedule is filed pursuant to Rule 13d-1(c)
"	Item 4. Ownership
"	Item 5. Ownership of Five Percent or Less of A Class
"	Item 6. Ownership of More Than Five Percent on Behalf of Another Person
"	Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company
4	Item 8. Identification and Classification of Members of the Group
"	Item 9. Notice of Dissolution of Group
"	Item 10. Certification

SC 13G 1st Page of 5 TOC Top Previous Next Bottom Just 1st

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 -----------------

SCHEDULE 13G

 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 INFORMATION TO BE INCLUDED IN THE STATEMENTS FILED PURSUANT
 TO RULES 13D-1(B) (C), AND (D) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13D-2(B)*

 RMK STRATEGIC INCOME FUND, INC.
------------------------------------------------------------------------------- 
(Name of Issuer)

COMMON STOCK, PAR VALUE $.0001 PER SHARE
------------------------------------------------------------------------------- 
(Title of Class of Securities)

 74963H102
------------------------------------------------------------------------------- 
(CUSIP Number)

APRIL 26, 2004
------------------------------------------------------------------------------- 
 (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule 
is filed:                                                                       

[ ]  Rule 13d-1(b)                                                    
[X]  Rule 13d-1(c)                                                    
[ ]  Rule 13d-1(d)                                                    

*The remainder of this cover page shall be filled out for a reporting person's  
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the       
disclosures provided in a prior cover page.                                     

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of   
1934 ("Act") or otherwise subject to the liabilities of that section of the Act 
but shall be subject to all other provisions of the Act (however, see the       
Notes).                                                                         

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CUSIP NO. 74963H102                    13G                  PAGE  2  OF  5 PAGES
--------------------------------------------------------------------------------

1       NAME OF REPORTING PERSON                                    
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON           
John Devaney                        

--------------------------------------------------------------------------------

2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP            
(a) [ ] (b) [X]                     

--------------------------------------------------------------------------------

3       SEC USE ONLY                                                

--------------------------------------------------------------------------------

4       CITIZENSHIP OR PLACE OF ORGANIZATION                        
United States of America

--------------------------------------------------------------------------------
NUMBER OF                    5         SOLE VOTING POWER                  
SHARES                                1,138,980                         
 BENEFICIALLY      -------------------------------------------------------------
OWNED BY                    6         SHARED VOTING POWER               
EACH                                 122,500                          
  REPORTING        -------------------------------------------------------------
PERSON                       7         SOLE DISPOSITIVE POWER             
WITH                                  1,138,980                         
                   -------------------------------------------------------------
                  8         SHARED DISPOSITIVE POWER
           122,500
--------------------------------------------------------------------------------

9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,261,480                                           

--------------------------------------------------------------------------------

10       CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN    
SHARES [ ]                                          

--------------------------------------------------------------------------------

11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)            
5.22%                                               

--------------------------------------------------------------------------------

12       TYPE OF REPORTING PERSON                                     
IN                                                  

--------------------------------------------------------------------------------

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CUSIP NO. 74963H102                    13G                  PAGE  3  OF  5 PAGES
--------------------------------------------------------------------------------

ITEM 1(A).  NAME OF ISSUER.                                                     

RMK Strategic Income Fund, Inc. ("RMK")                 

ITEM 1(B).  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES.                    

Fifty Front Street                                      
Memphis, Tennessee 38103                                

ITEM 2(A).  NAME OF PERSON FILING.                                              

John Devaney                                            

ITEM 2(B).  ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE.        

240 Crandon Boulevard, Suite 167                        
Key Biscayne, FL 33149                                  

ITEM 2(C).  CITIZENSHIP.                                                        

United States of America                                

ITEM 2(D).  TITLE OF CLASS OF SECURITIES.                                       

Common Stock, par value $.0001 per share.               

ITEM 2(E).  CUSIP NUMBER.                                                       

74963H102                                               

ITEM 3.     Not applicable as this Schedule is filed pursuant to Rule 13d-1(c). 

ITEM 4.     OWNERSHIP.                                                          

        Mr. Devaney is not the owner of record of any shares of RMK. Mr.
         Devaney might be deemed the beneficial owner of the shares of RMK
described in this Item 4 that are owned of record by:   
     (i) United Capital Markets, Inc., a company controlled by Mr.
Devaney - 138,980 shares;                               
            (ii) United Real Estate Ventures, Inc. , a company controlled by Mr.
Devaney - 1,000,000 shares;                             
       (iii) Selene Devaney, Mr. Devaney's spouse - 20,000 shares; and
     (iv) Camille Devaney and Corinne Devaney, Mr. Devaney's minor
children - 40,500 and 62,000 shares, respectively.      

       Nonetheless, Mr. Devaney disclaims beneficial ownership of such
shares.                                                 

       In addition, other members of Mr. Devaney's family beneficially
own an aggregate of 128,800 shares of RMK common stock, 
       representing approximately 0.53% of the outstanding shares. Mr.
       Devaney does not have or share voting or dispositive power over
        such shares and disclaims beneficial ownership of such shares as
well. Such shares are not included in this Item 4.      

(a)  Amount beneficially owned: 1,261,480         

(b)  Percent of class: 5.22%                      

(c)  Number of shares as to which such person has:

              (i)  Sole power to vote or direct the vote:  1,138,980

              (ii) Shared power to vote or direct the vote:  122,500

                 (iii) Sole power to dispose or to direct the disposition:
1,138,980                   

                  (iv) Shared power to dispose or to direct the disposition:
122,500                       

ITEM 5.     OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.                       

Not applicable.                                         

ITEM 6.     OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.    

Not applicable.                                         

ITEM 7.     IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED  
     THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.

Not applicable.                                         

SC 13G 4th Page of 5 TOC 1st Previous Next Bottom Just 4th

CUSIP NO. 74963H102                    13G                  PAGE  4  OF  5 PAGES
--------------------------------------------------------------------------------

ITEM 8.     IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.          

Not applicable.                                         

ITEM 9.     NOTICE OF DISSOLUTION OF GROUP.                                     

Not applicable.                                         

ITEM 10.    CERTIFICATION.                                                      

        By signing below I certify that, to the best of my knowledge and
          belief, the securities referred to above were not acquired and are
     not held for the purpose of or with the effect of changing or
            influencing the control of the issuer of the securities and were not
           acquired and are not held in connection with or as a participant in
any transaction having that purpose or effect.          

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CUSIP NO. 74963H102                    13G                  PAGE  5  OF  5 PAGES
--------------------------------------------------------------------------------

 SIGNATURE

        After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and  
correct.                                                                        

Date:    July 27, 2004                                                          

                       John Devaney:

                              By: /s/ John Devaney
                                         -----------------------
                                    Name: John Devaney

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Dates Referenced Herein and Documents Incorporated By Reference

		Referenced-On Page
This SC 13G Filing	Date	First	Last	Other Filings

	4/26/04	1
	7/27/04	5
Filed On / Filed As Of	7/28/04

Top				List All Filings

Filing Submission - Alternative Formats (Word / Rich Text, HTML, Plain Text, SGML, XML, et al.)

Devaney John · SC 13G · RMK Strategic Income Fund Inc · On 7/28/04

Filed On 7/28/04 10:16am ET · SEC File 5-79954 · Accession Number 950172-4-1808

Statement of Beneficial Ownership · Schedule 13GFiling Table of Contents

Document Table of Contents

Dates Referenced Herein and Documents Incorporated By Reference

Statement of Beneficial Ownership · Schedule 13G
Filing Table of Contents