MCLAREN JAMES
13F-NT, 1999-05-14
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					  UNITED STATES
                    SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C.  20549

                                  Form 13F

                            Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended:  March 31,1999
                                                -----------------------

Check here if Amendment [   ]; Amendment Number:  
                                                  -----
   This Amendment (Check only one.):  [   ] is a restatement.
                                      [   ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:      James McLaren
           --------------------------------------------------
Address:   c/o EGS Partners, L.L.C.
           --------------------------------------------------
           350 Park Avenue
           --------------------------------------------------
           New York, NY  10022
           --------------------------------------------------

Form 13F File Number:   28-6186
                        ------------------

The institutional investment manager filing this report and the person 
by whom it is signed hereby represent that the person signing the report 
is authorized to submit it, that all information contained herein is 
true, correct and complete, and that it is understood that all required 
items, statements, schedules, lists, and tables, are considered integral 
parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:     James McLaren
          --------------------------------------------------
Title:     
          --------------------------------------------------
Phone:    212-755-9000
          --------------------------------------------------

Signature, Place, and Date of Signing:

     James McLaren            New York, NY         5/13/99
- -----------------------   ---------------------   ----------
     [Signature]              [City, State]         [Date]

<PAGE>


Report Type (Check only one.):

[   ]   13F HOLDINGS REPORT.  (Check here if all holdings of this 
        reporting manager are reported in this report.)

[ X ]   13F NOTICE.  (Check here if no holdings reported are in this 
        report, and all holdings are reported by other reporting 
        manager(s).)

[   ]   13F COMBINATION REPORT.  (Check here if a portion of the 
        holdings for this reporting manager are reported in this report 
        and a portion are reported by other reporting manager(s).)


List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]

        Form 13F File Number    Name

        28-2858                 William Ehrman
        -------                 ---------------

Mr. James McLaren shares investment discretion with Messrs. William 
Ehrman, Frederic Greenberg, Frederick Ketcher, Jonas Gerstl, and William 
Lautman in regard to certain securities.  Please refer to the filing for 
Mr. William Ehrman for said securities.

<PAGE>




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