UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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 Thomas R. Grimes Cachestream Corporation 3500 Parkway Lane NW, Suite 280 Norcross, GA 30092 2. Issuer Name and Ticker or Trading Symbol CACHESTREAM CORPORATION Ticker or Trading Symbol: N/A 3. IRS or Social Security Number of Reporting Person (Voluntary) N/A 4. Statement for Month/Year July, 2001 5. If Amendment, Date of Original (Month/Year) N/A 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) (X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other (specify below) Chief Technical Officer 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 __________________________________________________________________________________________________________________________________ 1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of | |7.Nature of Indirect | Transaction | or Disposed of (D) | Securities |6.Dir | Beneficial Ownership | | | | Beneficially |ect | | | | | | | | Owned |(D)or | | | | | | A/| | |Indir | | Date |Code|V| Amount | D | Price | |ect(I)| __________________________________________________________________________________________________________________________________ COMMON STOCK (voting) |117/2418/ |K | | ~~100~~141,~~000~~026 |A | ~~$0.0038~~N/A | ~~100~~141,~~000~~026 |D |N/A ~~1999~~2000 | | | | | | | | ---------------------------------------------------------------------------------------------------------------------------------- __________________________________________________________________________________________________________________________________ __________________________________________________________________________________________________________________________________ Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned ___________________________________________________________________________________________________________________________________| 1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|ofDeriva |Dir|Indirect |or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |Deriva- | | | |Date |Expir| | |ficially |Ind| |tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |rity |Date |Code|V| Amount | |ble | | | |Year |(I)| ___________________________________________________________________________________________________________________________________ ----------------------------- SIGNATURE OF REPORTING PERSON /s/ ~~Richard~~Thomas ~~Nadeau, Jr~~R. ~~RICHARD~~Grimes ~~NADEAU,~~THOMAS JRR. GRIMES DATE ~~July~~August 1815, ~~2000~~2001

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