SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ...)*
DSI TOYS, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
232968107
(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).
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CUSIP NO. 232968107 13G Page 2 of 9 Pages
1 NAME OF REPORTING PERSON DOUGLAS A. SMITH
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A)[ ]
(B)[ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
US
NUMBER OF 5 SOLE VOTING POWER 379,849
SHARES
6 SHARED VOTING POWER 0
BENEFICIALLY
OWNED BY 7 SOLE DISPOSITIVE POWER 379,849
EACH
REPORTING 8 SHARED DISPOSITIVE POWER 0
PERSON
WITH
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
DOUGLAS A. SMITH 379,849
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.33%
12 TYPE OF REPORTING PERSON*
IN
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ITEM 1(a)
Name of Issuer: The name of the issuer is DSI TOYS, INC.
ITEM 1(b)
Address of Issuer's Principal Executive Offices: The principal executive office
of
1100 WEST SAM HOUSTON PARKWAY NORTH
HOUSTON,TX. 77043
ITEM 2(a)
Name of Person Filing: The reporting persons are DOUGLAS A SMITH
ITEM 2(b)
Address of Principal Business Office: The address of
750 NORTH T PAUL #1200
DALLAS, TX. 75205
ITEM 2(c)
Citizenship: US
ITEM 2(d)
Title of Class of Securities: The class of securities of COMMON STOCK
ITEM 2(e)
CUSIP Number: -----------------
ITEM 3
Not applicable
ITEM 4
Ownership.
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(a) Amount Beneficially Owned: 379,849
(b) Percent of Class: 6.33%
(c) Number of Shares and Voting Power: 379,849
ITEM 5
Ownership of Five Percent or Less of a Class: Not applicable
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
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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.
Date: _________, 1998
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