January 31, 1998
Securities and Exchange Commission
450 Fifth Street NW
Washington, DC 20549
RE: Schedule 13G
Envirosource, Inc.
As of December 31, 1997
Gentlemen:
In accordance with Section 13(d)(5) of the Securities Exchange
Act of 1934, enclosed please find six copies of an amended
Schedule 13G for the above named company showing beneficial
ownership of less than 5% as of December 31, 1997 filed on behalf
of Eagle Asset Management, Inc.
Very truly yours,
Kenneth K. Koster
Senior Vice President, Administration
Chief Compliance Officer
KKK:jmw
Enclosures
cc: Office of the Corporate Secretary
Envirosource, Incorporated
1155 Business Center Drive
Horsham, PA 19044-3454
Securities Division
NASD Financial Center
33 Whitehall Street
New York, NY 10004
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
Envirosource, Incorporated
(Name of Issuer)
Common Stock par value $.05 per share
(Title of Class of Securities)
29409K101
(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 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 1 of 5 Pages
CUSIP NO. 29409K101 13G
- -------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Eagle Asset Management, Inc. 59-2385219
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) ______
(B) ______
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Florida
NUMBER OF 5 SOLE VOTING POWER
SHARES 1,739,730
BENEFICIALLY 6 SHARED VOTING POWER
OWNED - - -
AS OF
DECEMBER 31, 1997 7 SOLE DISPOSITIVE POWER
BY EACH 1,739,730
REPORTING 8 SHARED DISPOSITIVE POWER
PERSON - - -
WITH
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,739,730
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
( )
-----
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.31%
12 TYPE OF REPORTING PERSON*
IA
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 5 Pages
Item 1(a) Name of Issuer:
Envirosource, Incorporated
Item 1(b) Address of Issuer's Principal Executing Offices:
1155 Business Center Drive
Horsham, PA 19044-3454
Item 2(a) Name of Person Filing:
Eagle Asset Management, Inc.
Item 2(b) Address of Principal Business Office:
880 Carillon Parkway
St. Petersburg, Florida 33716
Item 2(c) Citizenship:
Florida
Item 2(d) Title of Class of Securities:
Common Stock par value $.05 per share
Item 2(e) CUSIP Number:
29409K101
Item 3 Type of Reporting Person:
(e) Investment Adviser registered under Section 203 of the
Investment Advisors Act of 1940
Page 3 of 5 Pages
Item 4 Ownership as of December 31, 1997:
(a) Amount Beneficially Owned:
1,739,730 shares of common stock beneficially owned including:
No. of Shares
Eagle Asset Management, Inc. 1,739,730
(b) Percent of Class: 4.31%
(c) Deemed Voting Power and Disposition Power:
(i) (ii) (iii) (iv)
Deemed Deemed
Deemed Deemed to have to have
to have to have Sole Power Shared Power
Sole Power Shared Power to Dispose to Dispose
to Vote or to Vote or or to or to
to Direct to Direct Direct the Direct the
to Vote to Vote Disposition Disposition
---------- ------------ ------------ ------------
Eagle Asset 1,739,730 ---- 1,739,730 ----
Management, Inc.
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 five percent of the class of securities, check the following.
( X )
--------
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
Page 4 of 5 Pages
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 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.
Date: January 31, 1998 EAGLE ASSET MANAGEMENT, INC.
Kenneth K. Koster
Senior Vice President, Administration
Chief Compliance Officer
Page 5 of 5 Pages
