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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
ELXSI Corp.
____________________________________________________________
(Name of Issuer)
Common Stock Par Value $ .001
____________________________________________________________
(Title of Class of Securities)
268613-20-5
_____________________________________________________
(CUSIP Number)
4209 Vineland Rd., Ste. J-1, Orlando, Fla. 32811,
Telephone: (407) 849-1090
____________________________________________________________
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
December 23, 1996
______________________________________________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the subject
of this Schedule 13D, and is filing this schedule because of
Rule 13d-1(b)(3) or (4), check the following box. / /
Check the following box if a fee is being paid with the
statement / /. (A fee is not required only if the reporting
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.)
Note: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for
other parties to whom copies are to be sent.
*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
disclosures provided in a prior cover page.
The information required on 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)
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CUSIP No. 268613-20-5 Page 2 of 5
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
Peter R. Kellogg ###-##-####
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a)
(b)/X/
3 SEC USE ONLY
4. SOURCE OF FUNDS:
PF, WC & OO
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e): / /
N/A
6. CITIZENSHIP OR PLACE OF ORGANIZATION:
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH:
7. SOLE VOTING POWER
80,500
8. SHARED VOTING POWER
350,000
9. SOLE DISPOSITIVE POWER
80,500
10. SHARED DISPOSITIVE POWER
350,000
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON:
430,500
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: / /
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
8.98%
14. TYPE OF REPORTING PERSON:
IN
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CUSIP No. 268613-20-5 Page 3 of 5
SCHEDULE 13D
(Amendment No. 1)
NOTE: All capitalized terms used in this Amendment No.
1 and not defined herein shall have the same meaning as in
the previously filed statement of Peter Kellogg on Schedule
13D filed on December 19, 1996. Except as expressly stated
below, there have been no material changes in the
information contained in such Schedule 13D.
Item 5. Interest in Securities of the Issuer.
(a) As of December 31, 1996, Mr. Kellogg may be deemed
the beneficial owner of 430,500 shares of ELXSI Corp. Common
Stock. Of those shares, no shares were owned by Mr. Kellogg
personally and 430,500 were owned by the Foundation, Mrs.
Kellogg, IAT and the Trust.
(b) Mr. Kellogg has sole dispositive and voting power
with respect to 80,500 shares owned by IAT.
(c) The following table sets forth information with
respect to all purchases, sales or donations of Common Stock
by the Foundation, Mrs. Kellogg, IAT and the Trust for
purposes of Section 13(d) of the Act since the last
transaction reported in Mr. Kellogg's Schedule 13D filed on
December 19, 1996.
<TABLE>
<CAPTION>
IAT REINSURANCE SYNDICATE LTD.
______________________________
Date of Number of Type of Price per
Transaction Shares Transaction Share
<S> <C> <C> <C>
12/23/96 22,000 OTC Buy 5.375
</TABLE>
CUSIP No. 268613-20-5 Page 4 of 5
<TABLE>
<CAPTION>
PETER R. KELLOGG & CYNTHIA KELLOGG FOUNDATION
_______________
Date of Number of Type of Price per
Transaction Shares Transaction Share
<S> <C> <C> <C>
12/16/96 40,000 OTC Buy 5.5
</TABLE>
CUSIP No. 268613-20-5 Page 5 of 5
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.
Dated: January 2, 1997 By: /s/ Peter R. Kellogg
_________________ ____________________
Peter R. Kellogg
DC1DOCS1.44756
