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<TABLE>
<CAPTION>
FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
/ / Check this box if STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
no longer
subject to Section 16.
Form 4 Filed pusuant to Section 16(a) of the Securities Exchange Act of 1934,
or Form 5 obligations Section 17(a) of the Public Utility Holding Company Act of 1935
may or Section 30(f) of the Investment Company Act of 1940
continue. See
Instruction 1(b)
1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading 6. Relationship of Reporting Person to
Symbol Issuer (Check all applicable)
<S> <C> <C> <C>
Baker Craig P.
First of Michigan Capital Coporation
(Last) (First) (Middle) 3. IRS or Social 4. Statement for _X_ Director ___ 10% Owner
Security Number Month./Year
100 Renaissance Center Suite 2750 of Reporting ___ Officer ___ Other
Person March 1997 (give title (specify below)
(Voluntary) below)
(Street)
Detroit MI 48243
(City) (State) (Zip) 5. If Amendment, 7. Individual or Joint/Group Filing
Date of Original (Check APplicable Line)
Month/Year _X_ Form filed by One Reporting Person
___ Form filed by More than One
Reporting Person
___________________________
</TABLE>
<TABLE>
<CAPTION>
Table 1 -- Non-Derivative Securities Acquired, Disposed of, or Beneficially
Owned
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Title of Security 2. Trans- 3. 4. Securities 5. Amount of 6. Owner- 7. Nature of
(Instr. 3) action Trans- Acquired (A) Securities ship Form: Indirect
Date action or Disposed of (D) Beneficially (D)irect Beneficial
(mm/dd/yy) Code (Instr. 3,4 and 5) Owned at End of or Ownership
(Instr.8) Month (I)ndirect (Instr. 4)
(Instr.3 and 4) (Instr. 4)
Code V Amount A/D Price
Common Stock 100 D
03/31/97 S 10,000* D 8 7/8 11,780 I **
</TABLE>
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
1. Title of 2.Con- 3.Tran- 4.Tran- 5. Number 6.Date 7.Title and 8.Price 9.Number 10.Own- 11.Na
Derivative version saction saction of Exer- Amount of of of ship ture
Security or Date Code Derivative cisable and Underlying Deriv- Deriv- Form of In-
(Instr.3) Exercise mmddyy (Instr.8)Securities Expiration Securities ative ative of direct
Price (A)cquired Date (Instr.3,5) Secur- Secur- Deriv- Bene-
of or (mmddyy) ity ities ative ficial
Deriv- (D)isposed (Instr.5) Bene- Secur- Own-
ative of ficially ity: ship
Security (Inst.3,4,5) Owned Direct
(Instr.4)
at End or In-
of direct
Month (Instr.4)
(Instr.4)
<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Code V (A) (D) Date Expir- Title Amount
Exer- ation or
cisableDate Number
of
Shares
</TABLE>
Explanation of Responses:
* By trust of which reporting person is a co-trustee and a beneficiary.
** By trust of which reporting person is a co-trustee and a beneficiary.
Entire amount of trust's holdings reported, as permitted by
Instr. 5(b)(iv)
<TABLE>
<CAPTION>
<S> <C>
/s/ Craig P. Baker April 8, 1997
________________________________ _____________
Signature of Reporting Person Date
</TABLE>
Intentional misstatements or omissions of
facts constitute Federal Criminal Violations.
See 18 U.S.C 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
_ Potential persons who are to respond to the collection of information
contained in this form are not require to respond unless the form displays
a valid OMB Number.
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