SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
RATEXCHANGE CORPORATION
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
754091-10-6
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(CUSIP Number)
April 10, 2001
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(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)
___ Rule 13d-1(c)
___ Rule 13d-1(d)
The information required in the remainder ot this cover page shall not be
deemed to be "filed" for the purpsoe of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities or
that section or the Act but shall be subject to all oher provisions of
the Act.
CUSIP NO. 754091-10-6 13G Page 2 of 2 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION Nos. OF ABOVE PERSONS (ENTITIES ONLY)
Theodore H. Swindells
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X
(b)
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 5. SOLE VOTING POWER
SHARES 999,969
BENEFICIALLY -----------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH
REPORTING -----------------------------------------------------------
PERSON WITH 7. SOLE DISPOSITIVE POWER
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8. SHARED DISPOSITIVE POWER
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
999,969
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.57%
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14. TYPE OF REPORTING PERSON
IN & PIN
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SIGNATURE
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.
Dated: April 31, 2001
/S/ Theodore H. Swindells
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Theodore H. Swindells
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement
is signed on behalf of a person by his authorized representative other
than an executive officer or general partner of the filing person,
evidence of the representative's authority to sign on behalf of such person
shall be filed with the statement, provided, however, that a power of
attorney for this purpose which is already on file with the Commission
may be incorporated by reference. The name and any title of each person
who signs the statement shall be typed or printed beneath his signature.
NOTE: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibiits. 240.13d-7(b)
for other parties to whom copies are to be sent.
.