SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
ARTERIAL VASCULAR ENGINEERING, INC.
(Name of Issuer)
Common Stock, $.001 Par Value
(Title of Class of Securities)
043013 10 1
(CUSIP Number)
*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 ("Act") 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).
<PAGE>
SCHEDULE 13G
CUSIP No. 043013 10 1
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Gerald Dorros
2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) [ ] (b) [ ]
3. SEC Use Only
4. Citizenship or Place of Organization
United States
Number of Shares Beneficially Owned by Each Reporting Person
With:
5. Sole Voting Power*
6. Shared Voting Power*
7. Sole Dispositive Power*
8. Shared Dispositive Power*
9. Aggregate Amount Beneficially Owned by Each Reporting
Person*
10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions)
11. Percent of Class Represented by Amount in Row 9*
12. Type of Reporting Person*
IN
__________________
*Ownership at December 31, 1997 is less than 5%
<PAGE>
<PAGE>
Item 1(a) Name of Issuer:
Arterial Vascular Engineering, Inc. ("AVEI")
Item 1(b) Address of Issuer's Principal Executive Offices:
3576 Unocal Place
Santa Rosa CA 95403
Item 2(a) Name of Person Filing:
Gerald Dorros
Item 2(b) Address of Principal Business Office:
2632 N. 20th Street
Phoenix AZ 85006
Item 2(c) Citizenship:
United States
Item 2(d) Title of Class of Securities:
Common Stock, $0.001 par value
Item 2(e) CUSIP Number:
043013 10 1
Item 3. If this statement is filed pursuant to Rules
13d-1(b) or 13d-2(b), check whether the person
filing is a:
Not Applicable
Item 4. Ownership (at December 31, 1997):
Less than 5%
Item 5. Ownership of Five Percent or Less of a Class
[x]
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
Not applicable
Item 8. Identification and Classification of Members of
the Group
Not applicable.
Item 9. Dissolution of Group
Not applicable
Item 10. Certification
Not applicable
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: February 2, 1998
/s/ Gerald Dorros
Gerald Dorros
