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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000941302-02-000102.txt : 20020509
<SEC-HEADER>0000941302-02-000102.hdr.sgml : 20020509
ACCESSION NUMBER:		0000941302-02-000102
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20020509

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARGYLE PARTNERS FUND L P
		CENTRAL INDEX KEY:			0000890876

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		4350 EXECUTIVE DRIVE #125
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92121-2110

	MAIL ADDRESS:	
		STREET 1:		300 CONVENT ST
		STREET 2:		STE 1500
		CITY:			SAN ANTONIC
		STATE:			TX
		ZIP:			78205

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CONSOLIDATED WATER CO LTD
		CENTRAL INDEX KEY:			0000928340
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-49654
		FILM NUMBER:		02639433

	BUSINESS ADDRESS:	
		STREET 1:		TRAFALGAR PL
		STREET 2:		WEST BAY RD
		CITY:			GRAND CAYMAN BWI CAY
		STATE:			E9
		ZIP:			00000
		BUSINESS PHONE:		8099474277

	MAIL ADDRESS:	
		STREET 1:		TRAFALGAR PLACE, WEST BAY ROAD, P.O. BOX
		STREET 2:		GRAND CAYMAN, CAYMAN ISLANDS, BWI

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CAYMAN WATER CO LTD
		DATE OF NAME CHANGE:	19941212
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>cwc13da.htm
<DESCRIPTION>SCHEDULE 13D/A
<TEXT>
<HTML>
<HEAD>
<META NAME="Generator" CONTENT="Microsoft Word 97">
<TITLE>Schedule 13D/A </TITLE>
<META NAME="Template" CONTENT="C:\OFFICE97\OFFICE\html.dot">
</HEAD>
<BODY LINK="#0000ff" VLINK="#800080">

<B><P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, D.C. 20549</P>
</B><P ALIGN="CENTER">___________________</P>
<B><P ALIGN="CENTER">SCHEDULE&nbsp;13D/A<BR>
(Rule 13d-101)</P>
<P ALIGN="CENTER">INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT<BR>
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO<BR>
RULE 13d-2(a)</P>
<P ALIGN="CENTER">(Amendment No. 8 to Schedule 13D)</P>
<FONT SIZE=5><P ALIGN="CENTER">CONSOLIDATED WATER CO. LTD.<BR>
</FONT>__________________________</B>__________________________________________________<BR>
(Name of Issuer)</P>
<P ALIGN="CENTER">Ordinary Shares<B><BR>
__________________________</B>__________________________________________________<BR>
(Title of Class of Securities)</P>
<B><P ALIGN="CENTER">G1981E10<BR>
__________________________</B>__________________________________________________<BR>
(CUSIP NUMBER)</P>
<B><P ALIGN="CENTER">J. Bruce Bugg, Jr.<BR>
Argyle Partners, Ltd.<BR>
</B>Nations Bank Plaza<BR>
300 Convent Street, Suite 1500<BR>
San Antonio, Texas 78205<BR>
Tel. No.: (210) 224-1155</P>
<B><P ALIGN="CENTER">__________________________</B>__________________________________________________<BR>
(Name, Address and Telephone Number of Person<BR>
Authorized to Receive Notices and Communications)</P>
<P ALIGN="CENTER">- with copies to -<BR>
Eliot D. Raffkind<BR>
Akin, Gump, Strauss, Hauer &amp; Feld, L.L.P.<BR>
1700 Pacific Avenue, Suite 4100<BR>
Dallas, Texas 75201-4618<BR>
(214)&nbsp;969-2800</P>
<P ALIGN="CENTER">April 25, 2002<B><BR>
__________________________</B>__________________________________________________<BR>
(Date of event which requires filing of this statement)</P>
<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule&nbsp;13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box&nbsp;&nbsp;<FONT FACE="Wingdings">o</FONT> .</P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="CENTER"><HR></P>
<TABLE BORDER CELLSPACING=1 CELLPADDING=7 WIDTH=697>
<TR><TD WIDTH="33%" VALIGN="TOP">
<P>&nbsp;<FONT FACE="Arial">CUSIP No. G1981E10</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT FACE="Arial"><P ALIGN="CENTER">13D/A</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<P>&nbsp;</TD>
</TR>
</TABLE>

<P ALIGN="JUSTIFY"></P>
<TABLE BORDER CELLSPACING=1 CELLPADDING=7 WIDTH=697>
<TR><TD WIDTH="15%" VALIGN="TOP">
<P ALIGN="CENTER"><FONT FACE="Arial" SIZE=2>1</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP" COLSPAN=4>
<FONT FACE="Arial" SIZE=2><P>NAME OF REPORTING PERSONS<BR>
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS</P>
<P ALIGN="JUSTIFY">Argyle Partners, Ltd.</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">2</FONT></TD>
<TD WIDTH="61%" VALIGN="TOP" COLSPAN=3>
<FONT FACE="Arial" SIZE=2><P>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<FONT FACE="Arial" SIZE=2><P>(a)&nbsp;</FONT><FONT FACE="Wingdings" SIZE=2>o</FONT><FONT FACE="Arial" SIZE=2> <BR>
(b)&nbsp;</FONT><FONT FACE="Wingdings" SIZE=2>o</FONT><FONT FACE="Arial" SIZE=2> </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">3</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP" COLSPAN=4>
<FONT FACE="Arial" SIZE=2><P>SEC USE ONLY</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">4</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP" COLSPAN=4>
<FONT FACE="Arial" SIZE=2><P>SOURCE OF FUNDS*</P>
<P>AF, WC</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">5</FONT></TD>
<TD WIDTH="61%" VALIGN="TOP" COLSPAN=3>
<FONT FACE="Arial" SIZE=2><P>CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS <BR>
REQUIRED PURSUANT TO ITEM 2(d) or 2(e)</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P><BR>
<FONT FACE="Wingdings">o</FONT> </TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">6</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP" COLSPAN=4>
<FONT FACE="Arial" SIZE=2><P>CITIZENSHIP OR PLACE OF ORGANIZATION</P>
<P>USA</FONT></TD>
</TR>
<TR><TD WIDTH="34%" VALIGN="MIDDLE" COLSPAN=2 ROWSPAN=4 HEIGHT=40>
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">NUMBER <BR>
OF<BR>
SHARES<BR>
BENEFICIALLY <BR>
OWNED BY<BR>
EACH<BR>
REPORTING<BR>
PERSON WITH</FONT></TD>
<TD WIDTH="22%" VALIGN="MIDDLE" HEIGHT=40>
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">7</FONT></TD>
<TD WIDTH="44%" VALIGN="TOP" COLSPAN=2 HEIGHT=40>
<FONT FACE="Arial" SIZE=2><P ALIGN="JUSTIFY">SOLE VOTING POWER</P>
<P ALIGN="JUSTIFY">507,662</FONT></TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="MIDDLE" HEIGHT=40>
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">8</FONT></TD>
<TD WIDTH="44%" VALIGN="TOP" COLSPAN=2 HEIGHT=40>
<FONT FACE="Arial" SIZE=2><P ALIGN="JUSTIFY">SHARED VOTING POWER</P>
<P ALIGN="JUSTIFY">0</FONT></TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="MIDDLE" HEIGHT=40>
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">9</FONT></TD>
<TD WIDTH="44%" VALIGN="TOP" COLSPAN=2 HEIGHT=40>
<FONT FACE="Arial" SIZE=2><P ALIGN="JUSTIFY">SOLE DISPOSITIVE POWER</P>
<P ALIGN="JUSTIFY">507,662</FONT></TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="MIDDLE" HEIGHT=40>
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">10</FONT></TD>
<TD WIDTH="44%" VALIGN="TOP" COLSPAN=2 HEIGHT=40>
<FONT FACE="Arial" SIZE=2><P ALIGN="JUSTIFY">SHARED DISPOSITIVE POWER</P>
<P ALIGN="JUSTIFY">0</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">11</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP" COLSPAN=4>
<FONT FACE="Arial" SIZE=2><P>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</P>
<P>507,662</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">12</FONT></TD>
<TD WIDTH="61%" VALIGN="TOP" COLSPAN=3>
<FONT FACE="Arial" SIZE=2><P>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) <BR>
EXCLUDES CERTAIN SHARES*</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P><BR>
<FONT FACE="Wingdings">o</FONT> </TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">13</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP" COLSPAN=4>
<FONT FACE="Arial" SIZE=2><P>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</P>
<P>12.94%</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">14</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP" COLSPAN=4>
<FONT FACE="Arial" SIZE=2><P>TYPE OF REPORTING PERSON*</P>
<P>CO</FONT></TD>
</TR>
</TABLE>

<FONT FACE="Arial" SIZE=2><P ALIGN="JUSTIFY">*SEE INSTRUCTIONS BEFORE FILLING OUT</P>
</FONT><P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="CENTER"><HR></P>
<TABLE BORDER CELLSPACING=1 CELLPADDING=7 WIDTH=697>
<TR><TD WIDTH="33%" VALIGN="TOP">
<P>&nbsp;<FONT FACE="Arial">CUSIP No. G1981E10</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT FACE="Arial"><P ALIGN="CENTER">13D/A</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<P>&nbsp;</TD>
</TR>
</TABLE>

<P ALIGN="JUSTIFY"></P>
<TABLE BORDER CELLSPACING=1 CELLPADDING=7 WIDTH=697>
<TR><TD WIDTH="15%" VALIGN="TOP">
<P ALIGN="CENTER"><FONT FACE="Arial" SIZE=2>1</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP" COLSPAN=4>
<FONT FACE="Arial" SIZE=2><P>NAME OF REPORTING PERSONS<BR>
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS</P>
<P ALIGN="JUSTIFY">J. Bruce Bugg, Jr.</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">2</FONT></TD>
<TD WIDTH="61%" VALIGN="TOP" COLSPAN=3>
<FONT FACE="Arial" SIZE=2><P>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<FONT FACE="Arial" SIZE=2><P>(a)&nbsp;</FONT><FONT FACE="Wingdings" SIZE=2>o</FONT><FONT FACE="Arial" SIZE=2> <BR>
(b)&nbsp;</FONT><FONT FACE="Wingdings" SIZE=2>o</FONT><FONT FACE="Arial" SIZE=2> </FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">3</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP" COLSPAN=4>
<FONT FACE="Arial" SIZE=2><P>SEC USE ONLY</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">4</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP" COLSPAN=4>
<FONT FACE="Arial" SIZE=2><P>SOURCE OF FUNDS*</P>
<P>AF, WC</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">5</FONT></TD>
<TD WIDTH="61%" VALIGN="TOP" COLSPAN=3>
<FONT FACE="Arial" SIZE=2><P>CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS <BR>
IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P><BR>
<FONT FACE="Wingdings">o</FONT> </TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">6</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP" COLSPAN=4>
<FONT FACE="Arial" SIZE=2><P>CITIZENSHIP OR PLACE OF ORGANIZATION</P>
<P>USA</FONT></TD>
</TR>
<TR><TD WIDTH="34%" VALIGN="MIDDLE" COLSPAN=2 ROWSPAN=4 HEIGHT=40>
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">NUMBER <BR>
OF<BR>
SHARES<BR>
BENEFICIALLY <BR>
OWNED BY<BR>
EACH<BR>
REPORTING<BR>
PERSON WITH</FONT></TD>
<TD WIDTH="22%" VALIGN="MIDDLE" HEIGHT=40>
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">7</FONT></TD>
<TD WIDTH="44%" VALIGN="TOP" COLSPAN=2 HEIGHT=40>
<FONT FACE="Arial" SIZE=2><P ALIGN="JUSTIFY">SOLE VOTING POWER</P>
<P ALIGN="JUSTIFY">509,622</FONT></TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="MIDDLE" HEIGHT=40>
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">8</FONT></TD>
<TD WIDTH="44%" VALIGN="TOP" COLSPAN=2 HEIGHT=40>
<FONT FACE="Arial" SIZE=2><P ALIGN="JUSTIFY">SHARED VOTING POWER</P>
<P ALIGN="JUSTIFY">0</FONT></TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="MIDDLE" HEIGHT=40>
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">9</FONT></TD>
<TD WIDTH="44%" VALIGN="TOP" COLSPAN=2 HEIGHT=40>
<FONT FACE="Arial" SIZE=2><P ALIGN="JUSTIFY">SOLE DISPOSITIVE POWER</P>
<P ALIGN="JUSTIFY">509,622</FONT></TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="MIDDLE" HEIGHT=40>
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">10</FONT></TD>
<TD WIDTH="44%" VALIGN="TOP" COLSPAN=2 HEIGHT=40>
<FONT FACE="Arial" SIZE=2><P ALIGN="JUSTIFY">SHARED DISPOSITIVE POWER</P>
<P ALIGN="JUSTIFY">0</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">11</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP" COLSPAN=4>
<FONT FACE="Arial" SIZE=2><P>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</P>
<P>509,622</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">12</FONT></TD>
<TD WIDTH="61%" VALIGN="TOP" COLSPAN=3>
<FONT FACE="Arial" SIZE=2><P>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) <BR>
EXCLUDES CERTAIN SHARES*</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<FONT FACE="Wingdings"><P>o</FONT> </TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">13</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP" COLSPAN=4>
<FONT FACE="Arial" SIZE=2><P>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</P>
<P>12.99%</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">14</FONT></TD>
<TD WIDTH="85%" VALIGN="TOP" COLSPAN=4>
<FONT FACE="Arial" SIZE=2><P>TYPE OF REPORTING PERSON*</P>
<P>CO</FONT></TD>
</TR>
</TABLE>

<FONT FACE="Arial" SIZE=2><P ALIGN="JUSTIFY">*SEE INSTRUCTIONS BEFORE FILLING OUT</P>
</FONT><P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="CENTER"><HR></P>
<B><U><P ALIGN="CENTER">Amendment No. 8 to Schedule 13D</P>
</B></U><P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Amendment No.&nbsp;8 to Schedule&nbsp;13D is being filed on behalf of Argyle Partners, Ltd., a Texas limited partnership ("<A NAME="ORIGINALSPOT"></A><B><I>Argyle Partners<A NAME="ORIGINALSPOT2"></A></B></I>"), and J.&nbsp;Bruce Bugg, Jr. ("<B><I>Mr. Bugg</B></I>"), the sole shareholder and sole manager of Argyle Investment Co., LLC, a Texas limited liability company, being the sole general partner of Argyle Partners, as an amendment to the initial statement on Schedule&nbsp;13D, relating to Ordinary Shares of Consolidated Water Co. Ltd. purchased by Argyle Partners for the account of Argyle/Cay-Water, Ltd., a Texas limited partnership ("<B><I>ACWL</B></I>"), of which Argyle Partners is the sole general partner, as filed with the Securities and Exchange Commission (the "<B><I>Commission</B></I>") on April&nbsp;21, 1997, amended by Amendment No.&nbsp;1 to Schedule&nbsp;13D filed with the Commission on July&nbsp;29, 199
7, amended by Amendment No.&nbsp;2 to Schedule&nbsp;13D filed with the Commission on August&nbsp;4, 1997, amended by Amendment No.&nbsp;3 to Schedule&nbsp;13D filed with the Commission on August&nbsp;9, 1997, amended by Amendment No.&nbsp;4 to Schedule&nbsp;13D filed with the Commission on August&nbsp;26, 1997, amended by Amendment No.&nbsp;5 to Schedule&nbsp;13D filed with the Commission on September&nbsp;5, 1997, amended by Amendment No.&nbsp;6 to Schedule&nbsp;13D filed with the Commission on April&nbsp;2, 1998, and further amended by Amendment No. 7 to Schedule 13D filed with the Commission on June 9, 1998 (as amended, the "<B><I>Amended Schedule&nbsp;13D</B></I>"). The Amended Schedule&nbsp;13D is hereby further amended and supplemented as follows:</P>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=681>
<TR><TD WIDTH="12%" VALIGN="TOP">
<P ALIGN="JUSTIFY"><B>Item 5.</B></TD>
<TD WIDTH="88%" VALIGN="TOP">
<B><U><P ALIGN="JUSTIFY">Interest in Securities of the Issuer</B></U></TD>
</TR>
</TABLE>

<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of April 25, 2002, Argyle Partners and Mr.&nbsp;Bugg are beneficial owners of 507,662 Ordinary Shares of the Issuer or 12.94% of the shares outstanding. The 507,662 shares described above are beneficially owned by Argyle Partners and Mr.&nbsp;Bugg for the account of ACWL. Mr.&nbsp;Bugg is also individually, the beneficial owner of an additional 1,960 Ordinary Shares of the Issuer which when added to the 507,662 shares described above equal a total aggregate of 509,622 shares or 12.99% of the shares outstanding.</P>
<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The number of shares beneficially owned by Argyle Partners and Mr.&nbsp;Bugg and the percentage of outstanding shares represented thereby have been computed in accordance with Rule 13d-3 under the Act. The percentage of beneficial ownership of Argyle Partners and Mr.&nbsp;Bugg on April 25, 2002, is based on 3,920,313 outstanding Ordinary Shares of the Issuer, as reported in the Issuer's Annual Report on Form 10-K for the fiscal year ended December 31, 2001 and filed with the Commission on March 29, 2002.</P>
<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Argyle Partners and Mr.&nbsp;Bugg for the account of ACWL have the power to vote and dispose of the Ordinary Shares held by such entity.</P>
<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The transactions in the Issuer's securities by Argyle Partners since April 1, 2002 are as follows:</P>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=564>
<TR><TD WIDTH="31%" VALIGN="BOTTOM">
<P ALIGN="CENTER">Transaction<BR>
<U>Date</U></TD>
<TD WIDTH="31%" VALIGN="BOTTOM">
<U><P ALIGN="CENTER">Buy/Sell</U></TD>
<TD WIDTH="21%" VALIGN="BOTTOM">
<P ALIGN="CENTER">Quantity<BR>
<U>(shares)</U></TD>
<TD WIDTH="17%" VALIGN="BOTTOM">
<P ALIGN="CENTER">Price per<BR>
<U>Share ($)</U></TD>
</TR>
<TR><TD WIDTH="31%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="31%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="21%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="17%" VALIGN="TOP">
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="31%" VALIGN="TOP">
<P ALIGN="CENTER">4/9/2002</TD>
<TD WIDTH="31%" VALIGN="TOP">
<P ALIGN="CENTER">Exercise of Option</TD>
<TD WIDTH="21%" VALIGN="TOP">
<P ALIGN="CENTER">30,000</TD>
<TD WIDTH="17%" VALIGN="TOP">
<P>6.0</TD>
</TR>
</TABLE>
</CENTER></P>

<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable.</P>
<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable.</P>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=681>
<TR><TD WIDTH="12%" VALIGN="TOP">
<P ALIGN="JUSTIFY"><B>Item 6.</B></TD>
<TD WIDTH="88%" VALIGN="TOP">
<B><U><P ALIGN="JUSTIFY">Contracts Arrangement, Understandings or Relationships with Respect to Securities of the Issuer</B></U></TD>
</TR>
</TABLE>

<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Item&nbsp;6 of the Amended Schedule&nbsp;13D is hereby amended by adding the following paragraphs to the end thereof:</P>
<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Issuer's Annual Report on Form 10-K for the fiscal year ended December 31, 2001 filed with the Commission on March 29, 2002, confirms the grant of certain options to Mr. Bugg. On May 1, 2000, the Issuer granted an option to Mr.&nbsp;Bugg to purchase 30,000 Ordinary Shares of the Issuer. This option is exercisable for US$6.75 per share and may be exercised any time up to May 1, 2003. On December 10, 2001, the Issuer granted an option to Mr. Bugg to purchase 30,000 Ordinary Shares of the Issuer. This option is exercisable for US$11.17 per share and may be exercised any time up to December&nbsp;9, 2004.</P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="CENTER"><HR></P>
<B><U><P ALIGN="CENTER">Signature</P>
</B></U><P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.</P>
<P ALIGN="JUSTIFY">&nbsp;</P>
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<TR><TD WIDTH="50%" VALIGN="TOP">
<P ALIGN="JUSTIFY">Dated:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;April&nbsp;25, 2002</TD>
<TD WIDTH="50%" VALIGN="TOP" COLSPAN=2>
<P>Argyle Partners, Ltd.</TD>
</TR>
<TR><TD WIDTH="50%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="50%" VALIGN="TOP" COLSPAN=2>
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="50%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="8%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="42%" VALIGN="TOP">
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="50%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="8%" VALIGN="TOP">
<P>By:</TD>
<TD WIDTH="42%" VALIGN="TOP">
<P>Argyle Investment Corporation, as general partner<BR>
<BR>
______________________________</TD>
</TR>
<TR><TD WIDTH="50%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="50%" VALIGN="TOP" COLSPAN=2>
<P ALIGN="JUSTIFY">Name:&nbsp;&nbsp;J. Bruce Bugg, Jr.</TD>
</TR>
<TR><TD WIDTH="50%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="50%" VALIGN="TOP" COLSPAN=2><DIR>
<DIR>

<P ALIGN="JUSTIFY">Title:&nbsp;&nbsp;&nbsp;Chairman and Chief Financial Officer</DIR>
</DIR>
</TD>
</TR>
<TR><TD WIDTH="50%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="50%" VALIGN="TOP" COLSPAN=2>
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="50%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="50%" VALIGN="TOP" COLSPAN=2>
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="50%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="50%" VALIGN="TOP" COLSPAN=2>
<P>J. BRUCE BUGG, JR.<BR>
____________________________________</TD>
</TR>
<TR><TD WIDTH="50%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="50%" VALIGN="TOP" COLSPAN=2>
<P ALIGN="JUSTIFY">J. Bruce Bugg, Jr.</TD>
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