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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001013594-01-500028.txt : 20010612
<SEC-HEADER>0001013594-01-500028.hdr.sgml : 20010612
ACCESSION NUMBER:		0001013594-01-500028
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20010611

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FONAR CORP
		CENTRAL INDEX KEY:			0000355019
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-SPECIALTY OUTPATIENT FACILITIES, NEC [8093]
		IRS NUMBER:				112464137
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		
		SEC FILE NUMBER:	005-33323
		FILM NUMBER:		1658356

	BUSINESS ADDRESS:	
		STREET 1:		110 MARCUS DR
		CITY:			MELVILLE
		STATE:			NY
		ZIP:			11747
		BUSINESS PHONE:		5166942929

	MAIL ADDRESS:	
		STREET 1:		110 MARCUS DRIVE
		CITY:			MELVILLE
		STATE:			NY
		ZIP:			11747

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TAIL WIND FUND LTD
		CENTRAL INDEX KEY:			0001074435
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		WINDERMERE HOUSE
		STREET 2:		404 EAST BAY STREET P O BOX SS-5539
		CITY:			BRITISH VIRGIN ISLES
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>fonar6-5.txt
<DESCRIPTION>SC 13G FOR FONAR CORP. (6/5)
<TEXT>


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G
                                (RULE 13d - 102)

    Information to be included in statements filed pursuant to 13d-1(b), (c)
           and (d) and amendments thereto filed pursuant to 13d-2(b)

                              (Amendment No.___ )*

Fonar Corporation
(Name of Issuer)

Common Stock, $.0001 par value
(Title of Class of Securities)

(CUSIP Number)
34443700

Peter J. Weisman,  Esq., Kleinberg,  Kaplan, Wolff & Cohen, P.C., 551 Fifth
Avenue, New York, New York 10176 Tel: (212) 986-6000 Name, Address and Telephone
Number of Person Authorized to Receive Notices and Communications)

May 24, 2001
(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)

Note: Six copies of this statement, including all exhibits, should be filed
with the  Commission.  See Rule 13d-7(b) for other parties to whom copies are to
be sent.

*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
disclosures provided in a prior cover page.

The information required on 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).



<PAGE>



1.       NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
                  The Tail Wind Fund, Ltd.

2.       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

         (a)      [ ]
         (b)      [ ]

3.       SEC USE ONLY

4.       CITIZENSHIP OR PLACE OF ORGANIZATION

                  A British Virgin Islands corporation

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

5.       SOLE VOTING POWER

                  4,859,794

6.       SHARED VOTING POWER

                  0

7.       SOLE DISPOSITIVE POWER

                  4,859,794

8.       SHARED DISPOSITIVE POWER

                  0

9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                  4,859,794

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

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

                  7.64%

12.      TYPE OF REPORTING PERSON*

                  CO

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!



<PAGE>





Item 1(a).        Name of Issuer:

          Fonar Corporation (the "Issuer")

Item 1(b).        Address of Issuer's Principal Executive Offices:

         110 Marcus Drive, Melville, New York 11747

Item 2(a).        Name of Person Filing:

          The Tail Wind Fund, Ltd.

Item 2(b).        Address of Principal Business Office or, in None, Residence:

          MeesPierson (Bahamas) Ltd.
          Windermere House
          404 East Bay Street
          P.O. Box SS-5539
          Nassau, Bahamas

Item 2(c).        Citizenship:

         The Tail Wind Fund, Ltd. ("Tail Wind") is a corporation duly formed
         under the laws of the British Virgin Islands.

Item 2(d).        Title of Class of Securities:

         Common Stock, $.0001 par value (the "Common Stock")


Item 2(e).        CUSIP Number: 34443700


Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or
(c), Check Whether the Person Filing is a:

     (a) [ ] Broker or dealer registered under Section 15 of the Exchange Act.

     (b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act.

     (c) [ ] Insurance company defined in Section 3(a)(19) of the Exchange Act.

     (d) [ ] Investment  company  registered  under Section 8 of the  Investment
Company Act.

     (e) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).

     (f) [ ] An employee  benefit plan or endowment fund in accordance with Rule
13d-1(b)(1)(ii)(F).

     (g) [ ] A parent holding  company or control person in accordance with Rule
13d-1(b)(1)(ii)(G).

     (h) [ ] A savings  association  as defined in Section  3(b) of the  Federal
Deposit Insurance Act.

     (i) [ ] A church plan that is excluded from the definition of an investment
company under Section 3(c)(14) of the Investment Company Act;

     (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

     If this statement is filed pursuant to Rule 13d-1(c), check this box [x]

Item 4.   Ownership.

          Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.

          (a)      Amount beneficially owned:

                           4,859,794

                  Tail Wind beneficially owns a total of 4,859,794 shares of
                  Common Stock, which includes: (i) 2,200,293 shares of Common
                  Stock into which Tail Wind's 4% Convertible Debentures (the
                  "Debentures") are convertible, (ii) 659,501 shares of Common
                  Stock for which Tail Wind's Purchase Warrants are exercisable,
                  and (iii) 2,000,000 shares of Common Stock into which Tail
                  Wind's Callable Warrants are exercisable.

                  Each of the above calculations is determined as of June 1,
                  2001 based on a conversion price of the Debentures equal to
                  $2.047 and eight days accrued interest.

                  In accordance with Rule 13d-4 under the Securities Exchange
                  Act of 1934, as amended, because the number of shares of
                  Common Stock into which the Reporting Person's Preferred
                  Shares and warrants are convertible or exercisable, as
                  applicable, are limited, pursuant to the terms of such
                  instruments, to that number of shares of Common Stock which
                  would result in the Reporting Person having aggregate
                  beneficial ownership of 9.9% of the total issued and
                  outstanding shares of Common Stock (the "Ownership
                  Limitation"), the Reporting Person disclaims beneficial
                  ownership of any and all shares of Common Stock that would
                  cause the Reporting Person's aggregate beneficial ownership to
                  exceed the Ownership Limitation.

          (b)      Percent of class:

                          Tail Wind's aggregate beneficial ownership
                   of 4,859,794 shares of Common Stock constitutes 7.64% of all
                   of the outstanding shares of Common Stock, based upon
                   58,787,817 outstanding shares of Common Stock as of March 31,
                   2001 (as per the Issuer's 10-Q for the quarter ended March
                   31, 2001).

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

                   (i)  Sole power to vote or to direct the vote

                                    4,859,794

                   (ii)  Shared power to vote or to direct the vote

                                    Not applicable.

                   (iii)  Sole power to dispose or to direct the disposition of

                                    4,859,794

                   (iv)  Shared power to dispose or to direct the disposition of

                                    Not applicable.

Item 5.   Ownership of Five Percent or Less of a Class.

         If this statement is being filed to report the fact that as of the date
         hereof the Reporting Persons have ceased to be the beneficial owner of
         more than five percent of the class of securities, check the following
         [ ].

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.

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 the undersigned certifies that, to the best of its
         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.


<PAGE>




                                   SIGNATURES

          After reasonable inquiry and to the best of its knowledge and belief,
each of the undersigned certifies that the information set forth in this
statement is true, complete, and correct.


Dated: June 11, 2001                 THE TAIL WIND FUND, LTD.


                                            By: /s/ Michael M. Darville
                                               -------------------------------
                                                     Michael M. Darville
                                                     Director
                                                             -


                                            By: /s/ Dianne Bingham
                                               --------------------------------
                                                     Dianne Bingham
                                                     Director

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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