UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, C.D. 20549
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 and 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
CONDUCTUS
_________________
(Name of Issurer)
COMMON STOCK
_______________________________
(Title of Class of Securities)
206784100
_______________________
(CUSIP Number)
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Portola Group, Inc.
I.D. # 94-2594913
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A)_____
(B)_____
(3) SEC USE ONLY
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
3000 Sand Hill Road, Suite 2-145
Menlo Park, CA 94025
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
(5) SOLE VOTING POWER
(6) SHARED VOTING POWER 455,445
(7) SOLE DISPOSITIVE POWER 455,445
(8) SHARED DISPOSITIVE POWER
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
455,445
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.6%
(12) TYPE OF REPORTING PERSON
IA (Investment Advisor)
Submitted by: Perry V. Olson, Director
February 13, 1998
