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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950123-10-019108.txt : 20100301
<SEC-HEADER>0000950123-10-019108.hdr.sgml : 20100301
<ACCEPTANCE-DATETIME>20100301133517
ACCESSION NUMBER:		0000950123-10-019108
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20100301
DATE AS OF CHANGE:		20100301
GROUP MEMBERS:		DOUGLASS TRUST IV - FBO BROOKE DOUGLASS
GROUP MEMBERS:		DOUGLASS TRUST IV - FBO S. PRESTON DOUGLASS, JR.
GROUP MEMBERS:		PAULA T. DOUGLASS
GROUP MEMBERS:		TIEL TRUST FBO PAULA T. DOUGLASS
GROUP MEMBERS:		TIEL TRUST FBO SAM P. DOUGLASS

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DOUGLASS SAM P
		CENTRAL INDEX KEY:			0001181754

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	MAIL ADDRESS:	
		STREET 1:		2929 ALLEN PARKWAY
		STREET 2:		STE 2500
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77019

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EQUUS TOTAL RETURN, INC.
		CENTRAL INDEX KEY:			0000878932
		IRS NUMBER:				760345915
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-44023
		FILM NUMBER:		10643250

	BUSINESS ADDRESS:	
		STREET 1:		EIGHT GREENWAY PLAZA
		STREET 2:		SUITE 930
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77046
		BUSINESS PHONE:		7135290900

	MAIL ADDRESS:	
		STREET 1:		EIGHT GREENWAY PLAZA
		STREET 2:		SUITE 930
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77046

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EQUUS II INC
		DATE OF NAME CHANGE:	19970422
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>c96936sc13dza.htm
<DESCRIPTION>SC 13D/A
<TEXT>
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<DIV style="font-size: 1pt; width: 100%; border-bottom: black 2pt solid"> </DIV> <DIV style="font-size: 1pt; width: 100%; border-bottom: black 1pt solid"> </DIV> <P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<P align="center" style="font-size: 18pt"><B>SCHEDULE 13D</B>


<P align="center" style="font-size: 12pt"><B>Under the Securities Exchange Act of 1934<BR>
(Amendment No.&nbsp;3)*</B>


<DIV align="center">
<DIV style="font-size: 24pt; margin-top: 16pt; width: 100%; border-bottom: 1px solid #000000">Equus Total Return, Inc.</DIV>
</DIV>


<DIV align="center" style="font-size: 10pt">(Name of Issuer)
</DIV>


<DIV align="center">
<DIV style="font-size: 10pt; margin-top: 16pt; width: 100%; border-bottom: 1px solid #000000">Common Stock, par value $0.001</DIV>
</DIV>

<DIV align="center" style="font-size: 10pt">(Title of Class of Securities)
</DIV>


<DIV align="center">
<DIV style="font-size: 10pt; margin-top: 16pt; width: 100%; border-bottom: 1px solid #000000">294766100</DIV>
</DIV>

<DIV align="center" style="font-size: 10pt">(CUSIP Number)
</DIV>


<DIV align="center">
<DIV style="font-size: 10pt; margin-top: 16pt; width: 100%; border-bottom: 1px solid #000000">Sam P. Douglass <br>
3229 Groveland Lane<br>
Houston, Texas 77019<BR>and<BR>Paula T. Douglass<BR>3229 Groveland Lane<BR>Houston, Texas 77019<BR>(713) 526-9000<BR></DIV>
</DIV>


<DIV align="center" style="font-size: 10pt">(Name, Address and Telephone Number of Person Authorized to<BR>
Receive Notices and Communications)
</DIV>


<DIV align="center">
<DIV style="font-size: 10pt; margin-top: 16pt; width: 100%; border-bottom: 1px solid #000000">March
1, 2010</DIV>
</DIV>

<DIV align="center" style="font-size: 10pt">(Date of Event Which Requires Filing of this Statement)
</DIV>

<P align="left" style="font-size: 10pt">If the filing person has previously filed a statement on Schedule&nbsp;13G to report the acquisition that is the subject of this Schedule&nbsp;13D, and is filing this schedule because of &#167;&#167;240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. <FONT face="wingdings" size="2">&#111;</FONT>

<P align="left" style="font-size: 10pt"><B>Note: </B>Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

<P align="left" style="font-size: 10pt">* The remainder of this cover page shall be filled out for a reporting person&#146;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.

<P align="left" style="font-size: 10pt">The information required on the remainder of this cover page shall not be deemed to be &#147;filed&#148; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&#147;Act&#148;) 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).


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>EXPLANATORY NOTE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">This Amendment No.&nbsp;3 to Schedule&nbsp;13D (this &#147;Amendment&#148;), among other things, amends and
supplements the Schedule&nbsp;13D originally filed by Sam P. Douglass and Equus Corporation
International on May&nbsp;27, 1997, as amended by Amendment No.&nbsp;1 thereto filed on June&nbsp;4, 2009 and
Amendment No.&nbsp;2 thereto filed on November&nbsp;27, 2009 (the &#147;Schedule&nbsp;13D&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Unless set forth below, all previous Items of the Schedule&nbsp;13D are unchanged. Capitalized
terms used herein which are not defined herein have the meanings set forth in the Schedule&nbsp;13D.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Item&nbsp;4. Purpose of Transaction.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Item&nbsp;4 of the Schedule&nbsp;13D is hereby amended and restated in its entirety, with effect from the
date of this Amendment, as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The Reporting Persons no longer intend to solicit proxies from the Issuer&#146;s stockholders for
use at the Issuer&#146;s next annual meeting in order to seek election of their nominees to the Board.
This decision was made following discussions with members of the Board relating to the matters of
concern reported in Amendment No.&nbsp;2 to Schedule&nbsp;13D, the recent creation by the Board of an
executive committee, whose members include Mr.&nbsp;Douglass and four of the Issuer&#146;s independent
directors, and the Issuer&#146;s implementation of certain Board and management changes as announced in
the Issuer&#146;s press release dated February&nbsp;19, 2010. The Reporting Persons currently do not have any
other plans or proposals that relate to or would result in any of the actions required to be
described in clauses (a)&nbsp;through (j)&nbsp;of Item&nbsp;4 of Schedule&nbsp;13D. The Reporting Persons intend to
review their investments in the Issuer on a continuing basis and, depending upon the price and
availability of the Issuer&#146;s securities, subsequent developments concerning the Issuer, the
Issuer&#146;s business and prospects, general market and economic conditions and other factors deemed
relevant, may decide at any time to reconsider or reformulate their position, plans or proposals
with respect to the Issuer. Such positions, plans or proposals may relate to one or more of the
transactions specified in clauses (a)&nbsp;through (j)&nbsp;of Item&nbsp;4 of Schedule&nbsp;13D, including, without
limitation, acquiring additional securities of the Issuer or selling any or all of the securities
of the Issuer that they hold.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Item&nbsp;6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the
Issuer.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Item&nbsp;6 of the Schedule&nbsp;13D is hereby amended and restated in its entirety, with effect from the
date of this Amendment, as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">See the discussion of MCCA&#146;s obligations under the ECMC Purchase referenced in Item&nbsp;3 of
Amendment No.&nbsp;1 to Schedule&nbsp;13D.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Except for the relationship of Sam P. Douglass as a director of the Issuer, the relationship
of Paula T. Douglass, the wife of Sam P. Douglass, as an officer of the Issuer, and as otherwise
described in prior Amendments Nos. 1 or 2 or this Amendment, there are no contracts, arrangements,
understandings or relationships (legal or otherwise) among the Reporting Persons and any other
person with respect to any securities of the Issuer, including, but not limited to, transfer or
voting of any of the Common Stock, finder&#146;s fees, joint ventures, loan or option arrangements, put
or calls, guarantees of profits, division of profits or loss, or the giving or withholding of
proxies.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">In accordance with Rule&nbsp;13d-4 promulgated under the Securities Exchange Act of 1934, as
amended, each Reporting Person expressly declares that the filing of this statement shall not be
construed as an admission that he, she or it is, for purposes of Section 13(d) or Section 13(g) of
such Act, the beneficial owner of any securities of the Issuer other than as expressly described in
Item&nbsp;5 (including the notes thereto).
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><U><B>SIGNATURE</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">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.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Dated:
March&nbsp;1, 2010

</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">                                          /s/ Sam P. Douglass
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Sam P. Douglass, Individually&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">                                          /s/ Paula T. Douglass
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Paula T. Douglass, Individually&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">                                          /s/ Sam P. Douglass
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Sam P. Douglass, as Trustee of Douglass Trust IV for the &nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Benefit of S. Preston Douglass, Jr.&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">                                              /s/ Sam P. Douglass
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Sam P. Douglass, as Trustee of Douglass Trust IV for the&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Benefit of Brooke Douglass&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">                                              /s/ Sam P. Douglass
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Sam P. Douglass, as Trustee of Tiel
Trust for the&nbsp;Benefit of</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Sam P. Douglass&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">                                              /s/ Paula T. Douglass
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Paula T. Douglass, as Trustee of
Tiel Trust for the&nbsp;Benefit of</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Paula T. Douglass&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>



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