Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  HYMAN LOUIS E
 2. Date of Event Requiring Statement (Month/Day/Year)
05/21/2001		 3. Issuer Name and Ticker or Trading Symbol
RAMP CORP [RCO]
(Last)
(First)
(Middle)
C/O RAMP CORPORATION, 33 MAIDEN LANE, 5TH FLOOR		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CTO
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10038		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 833
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Options to Purchase Common Stock 05/14/2001 05/14/2006 Common Stock 3,833 $ 36.6 D  
Options to Purchase Common Stock 03/08/2002 03/08/2007 Common Stock 2,083 $ 42 D  
Warrants to Purchase Common Stock 05/28/2002 12/31/2008 Common Stock 833 $ 18 D  
Options to Purchase Common Stock   (1) 10/03/2008 Common Stock 8,333 $ 26.4 D  
Options to Purchase Common Stock   (2) 12/02/2009 Common Stock 986,842 $ 1.14 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HYMAN LOUIS E
C/O RAMP CORPORATION
33 MAIDEN LANE, 5TH FLOOR
NEW YORK, NY 10038		       CTO  

Signatures

/s/ Louis E. Hyman 03/10/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) 50% vested immediately and the remaining 50% vests in eight equal quarterly installments commencing on December 31, 2003; the vesting of the options is subject to Louis Hyman being employed by the Company on the vesting dates of the installments.
(2) 40% vests on January 1, 2005 and the remaining 60% vests in eight equal quarterly installments commencing on April 1, 2005; fully vests on January 1, 2007.

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