SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No.____________)(1)
TARRANT APPAREL GROUP
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
876289 109
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(CUSIP Number)
May 28, 2003
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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)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
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(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 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).
CUSIP No. 876289 109 13G Page 2 of 5 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Rosa Lisette Nacif Benavides
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Republic of Mexico
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 3,000,000 (1)
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 3,000,000 (1)
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,000,000 (1)
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.0% (2)
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Consists of shares which may be acquired upon conversion of 100,000 shares
of Series A Convertible Preferred Stock held by the reporting person.
(2) Based on a total of 15,765,425 shares of the issuer's Common Stock issued
and outstanding on May 12, 2003, as reported on the issuer's Form 10-Q for
the period ended March 31, 2003.
CUSIP No. 876289 109 13G Page 3 of 5 Pages
Item 1(a). Name of Issuer:
Tarrant Apparel Group
____________________________________________________________________
Item 1(b). Address of Issuer's Principal Executive Offices:
3151 East Washington Boulevard
Los Angeles, CA 90023
____________________________________________________________________
Item 2(a). Name of Person Filing:
Rosa Lisette Nacif Benavides
____________________________________________________________________
Item 2(b). Address of Principal Business Office, or if None, Residence:
Edgar Allen Poe #231
Col. Polanco, C.P. 11550
Mexico, D.F.
____________________________________________________________________
Item 2(c). Citizenship:
Republic of Mexico
____________________________________________________________________
Item 2(d). Title of Class of Securities:
Common Stock, par value $0.01 per share
____________________________________________________________________
Item 2(e). CUSIP Number:
876289 109
____________________________________________________________________
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), Check Whether the Person Filing is a:
Not Applicable
____________________________________________________________________
CUSIP No. 876289 109 13G Page 4 of 5 Pages
Item 4. Ownership.
See Rows 5 through 9 and 11 of the cover page for each Reporting
Person.
_______________________________________________________________________
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable.
_______________________________________________________________________
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Not Applicable.
_______________________________________________________________________
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company or Control
Person.
Not Applicable.
_______________________________________________________________________
Item 8. Identification and Classification of Members of the Group.
Not Applicable.
_______________________________________________________________________
Item 9. Notice of Dissolution of Group.
Not Applicable.
_______________________________________________________________________
Item 10. Certifications.
(b) The following certification shall be included if the statement is
filed pursuant to Rule 13d-1(c):
"By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having such purpose or effect."
CUSIP No. 876289 109 13G Page 5 of 5 Pages
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.
June 24, 2003
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(Date)
/s/ Rosa Lisette Nacif Benavides
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(Signature)
Rosa Lisette Nacif Benavides
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(Name/Title)
Note. 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
for whom copies are to be sent.
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).