ELECTRO RENT CORP
SC 13G, 1999-02-11
EQUIPMENT RENTAL & LEASING, NEC
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<PAGE> 1
                                        
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549




                                  SCHEDULE 13G

                   UNDER THE SECURITIES EXCHANGE ACT OF 1934

                              (AMENDMENT NO. 7)*
                                        
                            Electro Rent Corporation
             ------------------------------------------------------
                                (Name of Issuer)

                         Common Stock Without Par Value
          -----------------------------------------------------------
                         (Title of Class of Securities)

                               285218   10     3
                -----------------------------------------------
                                 (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).

                          (Continued on following page(s))

                                   Page 1 of 5


<PAGE> 2
CUSIP No. 285218                     13G                            Page 2
                                        
- ---------------------------------------------------------------------------
         NAME OF REPORTING PERSON
1        S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
         PHILLIP GREENBERG
         
- ----------------------------------------------------------------------------
2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                        A [ ]
                                        B [ ]        
- ----------------------------------------------------------------------------
         SEC USE ONLY
3
- ---------------------------------------------------------------------------
         CITIZENSHIP OR PLACE OF ORGANIZATION
4
                United States
- --------------------------------------------------------------------------
                                             SOLE VOTING POWER
   NUMBER OF                  5
                                             2,281,670
   SHARES                     ---------------------------------------------
                                             SHARED VOTING POWER
   BENEFICIALLY               6
                                                - 0 -  
   OWNED BY                   ----------------------------------------------
                                             SOLE DISPOSITIVE POWER
   EACH                       7
                                             2,281,670
   REPORTING                  ----------------------------------------------
                                             SHARED DISPOSITIVE POWER
   PERSON                     8
     
   WITH                                          - 0 -
- ---------------------------------------------------------------------------
        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
        2,281,670
- ---------------------------------------------------------------------------
        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) *
10        
          
- ---------------------------------------------------------------------------
        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
         9.33%
- ---------------------------------------------------------------------------
        TYPE OF REPORTING PERSON*
12
        IN
- ---------------------------------------------------------------------------




<PAGE> 3                                
                
Item 1(a)  Name of Issuer:
        Electro Rent Corporation

Item 1(b)  Address of Issuer's Principal Executive Offices
        6060 Sepulveda Boulevard
        Van Nuys, California 91411-2512

Item 2(a)  Name of Person Filing:
        Phillip A. Greenberg

Item 2(b)  Address of Principal Office, Or If None, Residence:
        P. O. Box 46008
        San Francisco, California 94146

Item 2(c)  Citizenship:
        United States

Item 2(d)  Title of Class of Securities:  
        Common Stock, without par value

Item 2(e)  CUSIP Number:  
        285218   10  3

Item 3     If this statement is filed pursuant to Rules 13d-1(b)
           or 13d-2(b), check whether the person filing is a:
   (a) [ ]   Broker or Dealer registered under Section 15 of the Act
   (b) [ ]   Bank as defined in Section 3(a)(6) of the Act
   (c) [ ]   Insurance Company as defined in section 3(a)(19) of the 
             Act
   (d) [ ]   Investment Company registered under section 8 of the      
             Investment Company Act        
   (e) [ ]   Investment Adviser registered under section 203 of the 
             Investment Advisers Act of 1940
   (f) [ ]   Employee Benefit Plan, Pension Fund which is subject to
             the provisions of the Employee Retirement Income           
             Security Act of 1974 or Endowment Fund        
   (g) [ ]   Parent Holding Company, in accordance with Section         
             240.13d-1 (b) (1) (ii) (G)
   (h) [ ]   Group in accordance with Section 240.13d-  
             1(b)(1)(ii)(H)
             Not Applicable.

Item 4   Ownership.
   (a)      Amount Beneficially Owned:
         2,281,670 shares are owned by Daniel Greenberg.

<PAGE> 4

        
   (b)  Percent of Class:  
        Approximately 9.33%
   (c)  Number of shares as to which such person has:
            (i)  sole power to vote or to direct the vote: 
                   2,281,670
           (ii)  shared power to vote or to direct the vote:  
                     - 0 -
          (iii)  sole power to dispose or to direct the disposition of:  
                   2,281,670
           (iv)  shared power to dispose or to direct the disposition of:
                     - 0 - 

Item (5)  Ownership of Five Percent or Less of 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.

                
Signature

                After reasonable inquiry and to the best of my knowledge and 
belief, I certify that the information set forth in the statement is true, 
complete and correct.

Date:           February 5, 1999

Signature:      /s/ Phillip A. Greenberg
                ----------------------------------
Name:           Phillip A. Greenberg
                ----------------------------------
        

ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).




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