IMAGE GUIDED TECHNOLOGIES INC
SC 13G/A, 1997-02-14
MEASURING & CONTROLLING DEVICES, NEC
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                               UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549

                                SCHEDULE 13G

                 Under the Securities Exchange Act of 1934
                          (Amendment No.       )*
                                         ------

                       Image Guided Technologies, Inc.
                     ----------------------------------
                              (Name of Issuer)

                         Common Stock, no par value
                     ----------------------------------
                       (Title of Class of Securities)

                               451922 10 8
                     ----------------------------------
                              (CUSIP Number)

   Check the  following box if a fee is being paid with this statement / /.
(A fee is not required only if the filing person:  (1) has a previous 
statement on file reporting  beneficial  ownership of more than five percent 
of the class of securities  described in Item 1;  and (2)  has  filed no  
amendment  subsequent thereto reporting  beneficial ownership of five percent 
or less of such class.) (See Rule 13d-7.)

   *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 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).


                        (Continued on following page(s))


                              Page 1 of  4  Pages
                                        --- 

<PAGE>

CUSIP No. 451922 10 8                 13G                Page  2  of  4  Pages
          -----------                                         ---    --- 

- -------------------------------------------------------------------------------
 (1) Names of Reporting Persons.
     S.S. or I.R.S. Identification Nos. of Above Persons

     Ray Hauser
- -------------------------------------------------------------------------------
 (2) Check the Appropriate Box if a Member     (a)  / /
     of a Group*                               (b)  / /
- -------------------------------------------------------------------------------
 (3) SEC Use Only

- -------------------------------------------------------------------------------
 (4) Citizenship or Place of Organization
     U.S.A.
- -------------------------------------------------------------------------------
Number of Shares              (5) Sole Voting Power
 Beneficially                     301,285
 Owned by                    --------------------------------------------------
 Each Reporting               (6) Shared Voting Power
 Person With                      N/A
                             --------------------------------------------------
                              (7) Sole Dispositive Power
                                  301,285
                             --------------------------------------------------
                              (8) Shared Dispositive Power
                                  N/A
- -------------------------------------------------------------------------------
 (9) Aggregate Amount Beneficially Owned by Each Reporting Person
     301,285
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*

- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
     9.7
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
     IN
- -------------------------------------------------------------------------------
                    *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>

                                                          Page  3  of  4  Pages
                                                               ---    --- 


ITEM 1(A).  NAME OF ISSUER
            Image Guided Technologies, Inc.
- -------------------------------------------------------------------------------


ITEM 1(B).  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
            5710-B Flatiron Parkway
            Boulder, CO 80301
- -------------------------------------------------------------------------------


ITEM 2(A).  NAME OF PERSON(S) FILING
            Ray Hauser
- -------------------------------------------------------------------------------


ITEM 2(B).  ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
            5710-B Flatiron Parkway
            Boulder, CO 80301
- -------------------------------------------------------------------------------


ITEM 2(C).  CITIZENSHIP
            U.S.A.
- -------------------------------------------------------------------------------


ITEM 2(D).  TITLE OF CLASS OF SECURITIES
            Common Stock, no par value
- -------------------------------------------------------------------------------


ITEM 2(E).  CUSIP NUMBER
            451922 10 8
- -------------------------------------------------------------------------------


ITEM 3.  IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B)

         N/A

<PAGE>
                                                          Page  4  of  4  Pages
                                                               ---    --- 

ITEM 4.  OWNERSHIP

    (a) Amount Beneficially Owned:
        301,285
    ---------------------------------------------------------------------------

    (b) Percent of Class:
        9.7%
    ---------------------------------------------------------------------------

    (c) Number of shares as to which such person has:

          (i) sole power to vote or to direct the vote
              301,285 shares
              -----------------------------------------------------------------
         (ii) shared power to vote or to direct the vote
              N/A
              -----------------------------------------------------------------
        (iii) sole power to dispose or to direct the disposition of
              301,285 shares
              -----------------------------------------------------------------
         (iv) shared power to dispose or to direct the disposition of
              N/A
              -----------------------------------------------------------------

ITEM 5.  OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

         N/A

ITEM 6.  OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
         N/A
- -------------------------------------------------------------------------------


ITEM 7.  IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
         THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
         N/A
- -------------------------------------------------------------------------------


ITEM 8.  IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
         N/A
- -------------------------------------------------------------------------------


ITEM 9.  NOTICE OF DISSOLUTION OF GROUP
         N/A
- -------------------------------------------------------------------------------


ITEM 10. CERTIFICATION

    By signing below I certify  that,  to the best of my  knowledge and belief,
the  securities  referred to above  were  acquired in the  ordinary  course  of
business and were not acquired for the purpose of and do not have the effect of
changing or  influencing the  control of the issuer of such securities and were
not acquired in  connection with or as a participant in any  transaction having
such purposes or effect.

                                  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.

February 13, 1997
- ----------------------------------------
(Date)

                                       /s/ RAY HAUSER
                                       ----------------------------------------
                                       (Signature)

                                       Ray Hauser
                                       ----------------------------------------
                                       (Name/Title)




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