UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934*
Gulf Island Fabrication, Inc.
(Name of Issuer)
Common Stock, no par value
(Title of Class of Securities)
402307102
(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).
CUSIP No. 402307102
1) Name of Reporting Person
I.R.S. Identification No. of Above Person (entities only)
Alden J. Laborde
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 Bene- (5) Sole Voting Power 1,582,200*
ficially
Owned by
Each Reporting (6) Shared Voting Power 300*
Person
With
(7) Sole Dispositive Power 1,582,200*
(8) Shared Dispositive Power 300*
9) Aggregate Amount Beneficially Owned by Each
Reporting Person 1,582,500*
10) Check if the Aggregate Amount in Row (9)
Excludes Certain Shares (See Instructions)
11) Percent of Class Represented by Amount
in Row (9) 13.6*
12) Type of Reporting Person (See Instructions) IN
*As of December 31, 1997.
Item 1(a). Name of Issuer:
Gulf Island Fabrication, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
583 Thompson Road
Houma, Louisiana 70363
Item 2(a). Name of Person Filing:
Alden J. Laborde
Item 2(b). Address of Principal Business Office:
210 Baronne Street, Suite 822
New Orleans, Louisiana 70112
Item 2(c). Citizenship:
United States
Item 2(d). Title of Class of Securities:
Common Stock, no par value
Item 2(e). CUSIP Number:
402307102
Item 3. If this statement is filed pursuant to Rules 13d-1(b),
or 13d-2(b), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15
of the Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section
3(a)(19) of the Act
(d) [ ] Investment Company registered under
section 8 of the Investment Company Act
(e) [ ] Investment Adviser registered under
section 203 of the Investment Advisers Act of
1940
(f) [ ] Employee Benefit Plan, Pension Fund
which is subject to the provisions of the
Employee Retirement Income Security Act of
1974 or Endowment Fund; see ' 240.13d-
1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance
with ' 240.13d-1(b)(ii)(G) (Note: See Item
7)
(h) [ ] Group, in accordance with ' 240.13d.13d-
1(b)(1)(ii)(H)
Item 4. Ownership:
(a) Amount Beneficially Owned . . . . . . . . . . 1,582,500*
(b) Percent of Class . . . . . . . . . . . . . . 13.6*
(c) Number of shares as to which such person has:
(i) sole power to vote or to
direct the vote . . . . . . . . . . . . 1,582,200*
(ii) shared power to vote or to
direct the vote . . . . . . . . . . . . 300*
(iii)sole power to dispose or to
direct the disposition of . . . . . . . 1,582,200*
(iv) shared power to dispose or to
direct the disposition of . . . . . . . . . 300*
*As of December 31, 1997
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the
fact that as of the date hereof the reporting
person has ceased to be the beneficial owner of
more than 5 percent of the class of securities,
check the following .
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. Notice of 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 as of December 31, 1997.
February 17, 1998 /s/ Alden J. Laborde
Date Alden J. Laborde
