METALCLAD CORP
3, 1999-04-02
CONSTRUCTION - SPECIAL TRADE CONTRACTORS
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

             INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

   Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
   Section 17(a) of the Public Utility Holding Company Act of 1935 or Section
   30(f) of the Investment Company Act of 1940.

   1.  Name and Address of Reporting Person:

       Pacini, Raymond J.
       2 Corporate Plaza, Suite 125
       Newport Beach, CA 92660


   2.  Date of Event Requiring Statement (Month/Day/Year):

       March 22, 1999


   3.  IRS or Social Security Number of Reporting Person
       (Voluntary):

       ---


   4.  Issuer Name and Ticker or Trading Symbol:

       Metalclad Corporation ( MTLC )




   5.  Relationship of Reporting Person to Issuer (Check all
       applicable):

        X Director                       10% Owner
       ---                            ---

          Officer (give title below)     Other (specify below)
       ---                            ---



   6.  If Amendment, Date of Original (Month/Year):

       N/A
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                                     Table 1
                  Non-Derivative Securities Beneficially Owned


   1.  Title of Security:

       Common Stock



   2.  Amount of Securities Beneficially Owned:

       4,000



   3.  Ownership Form: Direct (D) or Indirect (I):

       D



   4.  Nature of Indirect Beneficial Ownership:

       N/A





   /s/ Raymond J. Pacini                      3/22/99
   ------------------------------          --------------
   Signature of Reporting Person              Date

   


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