UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue.
[ ] Form 3 Holdings Reported
[ ] Form 4 Transactions Reported
1. Name and Address of Reporting Person(s)
Mary Sprouse
341 "A" Street
Fillmore, CA 93015-1931
2. Issuer Name and Ticker or Trading Symbol
Fields Aircraft Spares, Inc. (FASI)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
12/31/97
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[X] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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>
<CAPTION>
Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of
action action or Disposed of (D) Securities Indirect
Date Code A Beneficially D Beneficial
(Month/ or Owned at or Ownership
Day/Year) Amount D Price End of Year I
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
<PAGE>
<CAPTION>
Table II (PART 1) Derivative Securitites Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6)
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1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and
Security or Exercise action action Securities Acquired (A) Expiration Date
Price of Date Code or Disposed of (D)
Derivative
Security A D Exercisable Expiration
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<S> <C> <C> <C> <C> <C> <C> <C>
Options to acquire $8.25 8/28/97 A 2,000 * 8/28/02
Common Shares
<CAPTION>
Table II (PART 2) Derivative Securitites Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11)
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7)Title and Amount of 8)Price 9)Number of 10)Ownership of 11)Nature of
Underlying Securities of Deri- Derivative Derivative Indirect
vative Securities Security; Beneficial
Amount or Security Beneficially Direct (D) or Ownership
Number of Owned at Indirect (I)
Title Shares End of Year
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<C> <C> <C> <C> <C> <C>
Common Shares 2,000 2,000 D
<FN>
Explanation of Responses:
* One half of the options are exercisable on or after August 27, 1998, and August 27, 1999, respectively.
</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/S/ Mary Sprouse
DATE 2/12/98
