3 1 file001.txt FORM 3 -------------------------------------- FORM 3 OMB APPROVAL -------------------------------------- OMB Number: 3235-0104 Expires: December 31, 2001 Estimated average burden hours per response 0.5 -------------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 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* Gerstner Robert L. ----------------------------------------------------------- (Last) (First) (Middle) 475 Tenth Avenue ----------------------------------------------------------- (Street) New York, NY 10018 ----------------------------------------------------------- (City) (State) (Zip) ------------------------------------------------------------------------------- 2. Date of Event Requiring Statement (Month/Day/Year) 5/17/01 ------------------------------------------------------------------------------- 3. IRS or Social Security Number of Reporting Person (Voluntary) ------------------------------------------------------------------------------- 4. Issuer Name and Ticker or Trading Symbol HMG Worldwide Corporation (HMGC) ------------------------------------------------------------------------------- 5. Relationship of Reporting Person to Issuer (Check all applicable) [ ] Director [ ] 10% Owner [X] Officer (give title below) [ ] Other (specify below) Executive Vice President -------------------------------------------------- -------------------------------------------------- ------------------------------------------------------------------------------- 6. If Amendment, Date of Original (Month/Day/Year) ------------------------------------------------------------------------------- 7. Individual or Joint/Group Filing (Check applicable line) [X] Form Filed by One Reporting Person [ ] Form Filed by More than One Reporting Person ------------------------------------------------------------------------------- FORM 3 (continued)

* If the Form is filed by more than one Reporting Person, see Instruction 5(b)(v). Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over) FORM 3 (continued)

Explanation of Responses: (a) Reporting Person has a pecuniary interest in such shares held in the Company's retirement plan, in which he is fully vested. He has the power to direct the disposition of such shares. /s/ Robert L. Gerstner May 29, 2001 ---------------------------------------- ------------------ ** 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.

HMG WORLDWIDE CORP 3