3: Initial statement of beneficial ownership of securities

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

FORM 3

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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


1. Name and Address of Reporting Person*

Veal Matthew A.
(Last) (First) (Middle)
355 Interstate Blvd.
(Street)
Sarasota FL 34240
(City) (State) (Zip)


2. Date of Event Requiring Statement (Month/Day/Year)

1/8/01

3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)

N/A

4. Issuer Name and Ticker or Trading Symbol

American Communications Enterprises, Inc.


5. Relationship of Reporting Person to Issuer
(Check all applicable)

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

Chief Financial Officer

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


1


7. Individual or Joint/Group Filing (Check applicable line)

[X] Form Filed by One Reporting Person

[_] Form Filed by More than One Reporting Person

Table I -- Non-Derivative Securities Beneficially Owned

Ownership Form; Nature of Indirect
Title of Amt. of Securities Direct (D) or Beneficial
Security Beneficially Owned Indirect (I) Ownership
-------- ------------------ ----------- ---------
No securities owned.

Table II -- Derivative Securities Beneficially Owned
(e.g., Puts, Calls, Warrants, Options, Convertible Securities)