Cna Financial Corp. – ‘5’ for 12/31/96 re: Chang-On International, Inc.

As of:  Tuesday, 2/18/97   ·   For:  12/31/96   ·   Accession #:  21175-97-5   ·   File #:  1-08397

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Annual Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 5   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 5           Annual Statement of Changes in Beneficial              4±    15K 
                Ownership of Securities by an Insider                            

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 U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 5

 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

[  ] Check this box if no longer subject of Section 16. Form 4 or Form 5        
obligations may continue. See Instruction 1(b).                       

[  ] Form 3 Holdings Reported                                                   

[  ] Form 4 Transactions Reported                                               

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1. Name and Address of Reporting Person                                         

Continental Casualty Company                                                    
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(Last)               (First)                 (Middle)                     

CNA Plaza, 23-S                                                                 
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(Street)

Chicago, IL 60685                                                               
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(City)               (State)                 (Zip)                        

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2. Issuer Name and Ticker or Trading Symbol                                     

Gold Standard Inc. (GSTD)                                                       
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3. IRS or Social Security Number of Reporting Person (Voluntary)                

36-2114545                                                                      
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4. Statement for Month/Year                                                     

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

12/96                                                                           
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6. Relationship of Reporting Person to Issuer                                   
(Check all applicable)                                                    

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

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 Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned 
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                                                        [Enlarge/Download Table]

                                                                                                 5.             6.                  
                                                                 4.                              Amount of      Owner-              
                                                                 Security Acquired (A) or        Securities     ship                
                                                                 Disposed of (D)                 Beneficially   Form:     7.        
                                                                 (Instr. 3, 4 and 5)             Owned at End   Direct    Nature of 
                                      2.            3.           -----------------------------   of Issuer's    (D) or    Indirect  
1.                                    Transaction   Transaction                  (A)             Fiscal Year    Indirect  Beneficial
Title of Security                     Date          Code             Amount      or     Price    (Instr. 3      (I)       Ownership 
(Instr. 3)                            (mm/dd/yy)    (Instr. 8)                   (D)             & 4)           (Instr.4) (Instr. 4)
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Common Stock                          5/13/96       3                 1,325,000  (A)      1.00    1,325,000     (D)                 
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Reminder: Report on a separate line for each class of securities beneficially   
owned directly or indirectly                                                    

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FORM 5 (continued)                                                              

Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned  
(e.g., puts, calls, warrants, options, convertible securities)

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                                                        [Enlarge/Download Table]

                                                                                                          9.        10.             
                                                                                                          Number    Owner-          
                                                                                                          of        ship            
                    2.                                                                                    Deriv-    of              
                    Conver-                    5.                              7.                         ative     Deriv-   11.    
                    sion                       Number of                       Title and Amount           Secur-    ative    Nature 
                    or                         Derivative    6.                of Underlying     8.       ities     Secur-   of     
                    Exer-                      Securities    Date              Securities        Price    Bene-     ity:     In-    
                    cise     3.                Acquired (A)  Exercisable and   (Instr. 3 and 4)  of       ficially  Direct   direct 
                    Price    Trans-   4.       or Disposed   Expiration Date   ----------------  Deriv-   Owned     (D) or   Bene-  
1.                  of       action   Trans-   of (D)        (Month/Day/Year)            Amount  ative    at End    In-      ficial 
Title of            Deriv-   Date     action   (Instr. 3,    ----------------            or      Secur-   of        direct   Owner- 
Derivative          ative    (Month/  Code     4 and 5)      Date     Expira-            Number  ity      Year      (I)      ship   
Security            Secur-   Day/     (Instr.  ------------  Exer-    tion               of      (Instr.  (Instr.   (Instr.  (Instr.
(Instr. 3)          ity      Year)    8)        (A)   (D)    cisable  Date     Title     Shares  5)       4)        4)       4)     
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Warrants            1.50      5/13/96   3        A 1,325,000 5/13/96  5/10/99  Commom 1,325,000   *       1,325,000  (D)            
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Explanation of Responses:                                                       
Acquisition price of $1.00 was per unit of 1 share common stock and 1 warrant.  

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**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 provided is insufficient, see Instruction 6 for procedure.

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘5’ Filing		Date		First		Last			Other Filings
		4/30/97		1					10-Q
Filed on:		2/18/97
For Period end:		12/31/96							10-K,  10-K/A
									List all Filings