<TABLE>
<CAPTION>
- ---------------- U.S. SECURITIES AND EXCHANGE COMMISSION ----------------------------
|F O R M 5| Washington, D.C. 20549 | OMB APPROVAL |
- ---------------- |--------------------------|
Check this box if ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |OMB Number 3235-0362|
[ ] no longer Subject |Expires: September 30,1998|
to Section 16. |Estimated ave. burden |
|hours per response.....1.0|
[ ] Form 3 Holdings Rep. 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
[ ] Form 4 Trans. Rep. Section 30(f) of the Investment Company Act 1940
- ------------------------------------------------------------------------------------------------------------------------------------
|1.Name and Address of Reporting Person* |2.Issuer Name and Ticker or Trading Symbol |6.Relationship of Reporting Person to |
| | | Issuer (Check all Applicable) |
|Enloe, III Robert T |Compaq Computer Corporation (CPQ ) | |
| | | X Director 10% Owner |
|----------------------------------------|------------------------------------------------|--- --- |
| (Last) (First) (MI)|3.IRS or Soc. Sec. No. |4.Statement for Month/ | Officer Other |
| | of Reporting Person | Year |---(give title below) ---(Specify below)|
| 20555 SH 249 | (Voluntary) | | |
| M/C 110701 | | 12/31/1997 | |
| | | | Director |
|----------------------------------------| |------------------------|----------------------------------------|
| (Street) | |5.If Amendment, Date of |7. Individual or Joint/Group Filing |
| | | Original (Month/Year) | (Check Applicable Line) |
| | | | |
| Houston TX 77070 | | | X Form filed by One Reporting Person |
| | | |--- |
| | | | Form filed by More than One |
| | | |--- Reporting Person |
|----------------------------------------------------------------------------------------------------------------------------------|
| (City) (State) (Zip) |
| TABLE I - Non-Derivative Securities Acquired, Disposed of or Beneficially Owned |
|----------------------------------------------------------------------------------------------------------------------------------|
|1.Title of Security |2.Transac- |3.Trans. |4.Security Acquired (A) or |5.Amount of |6. |7.Nature of Indirect|
| (Instr. 3) | tion Date | Code | Disposed of (D) | Securities |Own.| Beneficial |
| |(Mon/Day/Yr)|(Instr.8)| (Instr. 3, 4 & 5) | Beneficially |Form| Ownership |
| | | | | Owned at End of|(D) | (Instr. 4) |
| | | |-------------------------------| Issuer's |or | |
| | | | |(A) | | Fiscal Year |(I) | |
| | | | Amount |(D) | Price | (Instr. 3 & 4) | | |
|-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------|
|<S> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |
|Common Stock | | | | | | 10000 | D | |
| (01)| | | | | | | | |
|-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------|
| | | | | | | | | |
| | | | | | | | | |
|-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------|
| | | | | | | | | |
| | | | | | | | | |
|-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------|
| | | | | | | | | |
| | | | | | | | | |
|-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------|
Reminder: Report on a separate line for each class securities owned directly or indirectly. SEC 2270 (7-96)
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
PAGE: 1 OF 4
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 5 (continued) TABLE II - Derivative Securities Acquired, Disposed of, Beneficially Owned
(e.g., puts, calls, warrants, options, convertible security)
- ------------------------------------------------------------------------------------------------------------------------------------
|1.Title of|2.Conver-|3. |4.Tran- |5.Number of |6.Date |7.Title and Amount |8.Price of|9.Number |10. |11.Nature |
|Derivative|sion or |Trans| saction| Derivative |Exercisable| of Underlying |Derivative| of |Own.| of |
|Security |Exercise |Date | Code | Securities |and | Securities |Security |Derivative|Form|Indirect |
|(Instr. 3)|Price of |(Mon/|(Instr.8)| Acquired (A) or |Expiration | (Instr. 3 & 4) |(Instr. 5)|Securities|of |Beneficial|
| |Deriva- | Day/| | Disposed of (D) |Date | | |Benefi- |Deri|Ownership |
| |tive |Year)| | (Instr. 3, 4 & 5) |(Month/Day/| | |cially |Sec.|(Instr. 4)|
| |Security | | | | Year) | | |Owned at |Dir.| |
| | | | | |-----------|---------------------| |End of |(D) | |
| | | | | | | | |Amount or | |Year |or | |
| | | | |---------------------|Date |Exp. | Title |Number of | |(Instr. 4)|Ind.| |
| | | | | (A) | (D) |Exbl.|Date | |Shares | | |(I) | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|<S> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |
|Stock Opti| $4.0700|04/01| J | | 30000|05/24|05/24|Common Sto| 30000| | 30000| D | |
|on (Righ| | 1997| | | | 1991| 2000|ck | | | | | |
|t to buy) | | | | | | | | | | | | | |
| (01)| | | (02) | | | | | | | | | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Stock Opti| $2.3900|04/01| J | | 30000|05/16|05/16|Common Sto| 30000| | 30000| D | |
|on (Righ| | 1997| | | | 1992| 2001|ck | | | | | |
|t to buy) | | | | | | | | | | | | | |
| (01)| | | (02) | | | | | | | | | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Stock Opti| $3.2500|04/01| J | | 30000|04/23|04/23|Common Sto| 30000| | 30000| D | |
|on (Righ| | 1997| | | | 1994| 2003|ck | | | | | |
|t to buy) | | | | | | | | | | | | | |
| (01)| | | (02) | | | | | | | | | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Stock Opti| $7.2500|04/01| J | | 30000|04/21|04/21|Common Sto| 30000| | 30000| D | |
|on (Righ| | 1997| | | | 1995| 2004|ck | | | | | |
|t to buy) | | | | | | | | | | | | | |
| (01)| | | (02) | | | | | | | | | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Stock Opti| $7.8000|04/01| J | | 30000|04/26|04/26|Common Sto| 30000| | 30000| D | |
|on (Righ| | 1997| | | | 1996| 2005|ck | | | | | |
|t to buy) | | | | | | | | | | | | | |
| (01)| | | (02) | | | | | | | | | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Stock Opti| $9.4300|04/01| J | | 25000|04/25|04/24|Common Sto| 25000| | 25000| D | |
|on (Righ| | 1997| | | | 1997| 2006|ck | | | | | |
|t to buy) | | | | | | | | | | | | | |
| (01)| | | (02) | | | | | | | | | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Stock Opti| $4.7200|04/01| J | | 4240|04/25|04/24|Common Sto| 4240| | 4246| D | |
|on (Righ| | 1997| | | | 1997| 2006|ck | | | | | |
|t to buy) | | | | | | | | | | | | | |
| (01)| | | (02) | | | | | | | | | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Stock Opti| $16.0300|04/01| J | | 25000|04/24|04/23|Common Sto| 25000| | 25000| D | |
|on (Righ| | 1997| | | | 1998| 2007|ck | | | | | |
|t to buy) | | | | | | | | | | | | | |
| (01)| | | (02) | | | | | | | | | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Stock Opti| $8.0200|04/01| J | | 2184|04/24|04/23|Common Sto| 2184| | 2186| D | |
|on (Righ| | 1997| | | | 1998| 2007|ck | | | | | |
|t to buy) | | | | | | | | | | | | | |
| (01)| | | (02) | | | | | | | | | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Stock Opti| $4.0700|04/01| J | 30000| |05/24|05/24|Common Sto| 300000| | 30000| I |Family Lim|
|on (Righ| | 1997| | | | 1991| 2000|ck | | | | |ited Partn|
|t to buy) | | | | | | | | | | | | |ership |
| (01)| | | (02) | | | | | | | | | | |
- ------------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses:
(01) On January 21, 1998, Compaq Computer Corporation effected a 2-for-1 stock split in the form of a stock dividend.
The record date for the split was December 31, 1997. All numbers have been adjusted to reflect the stock split.
(02) Contribution to a family limited partnership in which the reporting person is the sole general partner, a limited
partner and the trustee of all other partners.
**Intentional misstatements or omissions of facts constitute Federal /s/ Robert Enloe, III 02/17/98
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------------------ ----------
**Signature of Reporting Person Date
Note: File three copies of this form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure. SEC 2270 (7-96)
Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMD Number
Enloe, III, Robert Compaq Computer Corporation 12/31/1997 PAGE: 2 OF 4
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ---------------- U.S. SECURITIES AND EXCHANGE COMMISSION ----------------------------
|F O R M 5| Washington, D.C. 20549 | OMB APPROVAL |
- ---------------- |--------------------------|
Check this box if ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |OMB Number 3235-0362|
[ ] no longer Subject |Expires: September 30,1998|
to Section 16. |Estimated ave. burden |
|hours per response.....1.0|
[ ] Form 3 Holdings Rep. 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
[ ] Form 4 Trans. Rep. Section 30(f) of the Investment Company Act 1940
- ------------------------------------------------------------------------------------------------------------------------------------
|1.Name and Address of Reporting Person* |2.Issuer Name and Ticker or Trading Symbol |6.Relationship of Reporting Person to |
| | | Issuer (Check all Applicable) |
|Enloe, III Robert T |Compaq Computer Corporation (CPQ ) | |
| | | X Director 10% Owner |
|----------------------------------------|------------------------------------------------|--- --- |
| (Last) (First) (MI)|3.IRS or Soc. Sec. No. |4.Statement for Month/ | Officer Other |
| | of Reporting Person | Year |---(give title below) ---(Specify below)|
| | (Voluntary) | | |
| | | 12/31/1997 | |
| | | | Director |
|----------------------------------------| |------------------------|----------------------------------------|
| (Street) | |5.If Amendment, Date of |7. Individual or Joint/Group Filing |
| | | Original (Month/Year) | (Check Applicable Line) |
| | | | |
| | | | X Form filed by One Reporting Person |
| | | |--- |
| | | | Form filed by More than One |
| | | |--- Reporting Person |
|----------------------------------------------------------------------------------------------------------------------------------|
| (City) (State) (Zip) |
| TABLE I - Non-Derivative Securities Acquired, Disposed of or Beneficially Owned |
|----------------------------------------------------------------------------------------------------------------------------------|
|1.Title of Security |2.Transac- |3.Trans. |4.Security Acquired (A) or |5.Amount of |6. |7.Nature of Indirect|
| (Instr. 3) | tion Date | Code | Disposed of (D) | Securities |Own.| Beneficial |
| |(Mon/Day/Yr)|(Instr.8)| (Instr. 3, 4 & 5) | Beneficially |Form| Ownership |
| | | | | Owned at End of|(D) | (Instr. 4) |
| | | |-------------------------------| Issuer's |or | |
| | | | |(A) | | Fiscal Year |(I) | |
| | | | Amount |(D) | Price | (Instr. 3 & 4) | | |
|-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------|
|<S> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |
| | | | | | | | | |
| | | | | | | | | |
|-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------|
| | | | | | | | | |
| | | | | | | | | |
|-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------|
Reminder: Report on a separate line for each class securities owned directly or indirectly. SEC 2270 (7-96)
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
PAGE: 3 OF 4
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 5 (continued) TABLE II - Derivative Securities Acquired, Disposed of, Beneficially Owned
(e.g., puts, calls, warrants, options, convertible security)
- ------------------------------------------------------------------------------------------------------------------------------------
|1.Title of|2.Conver-|3. |4.Tran- |5.Number of |6.Date |7.Title and Amount |8.Price of|9.Number |10. |11.Nature |
|Derivative|sion or |Trans| saction| Derivative |Exercisable| of Underlying |Derivative| of |Own.| of |
|Security |Exercise |Date | Code | Securities |and | Securities |Security |Derivative|Form|Indirect |
|(Instr. 3)|Price of |(Mon/|(Instr.8)| Acquired (A) or |Expiration | (Instr. 3 & 4) |(Instr. 5)|Securities|of |Beneficial|
| |Deriva- | Day/| | Disposed of (D) |Date | | |Benefi- |Deri|Ownership |
| |tive |Year)| | (Instr. 3, 4 & 5) |(Month/Day/| | |cially |Sec.|(Instr. 4)|
| |Security | | | | Year) | | |Owned at |Dir.| |
| | | | | |-----------|---------------------| |End of |(D) | |
| | | | | | | | |Amount or | |Year |or | |
| | | | |---------------------|Date |Exp. | Title |Number of | |(Instr. 4)|Ind.| |
| | | | | (A) | (D) |Exbl.|Date | |Shares | | |(I) | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|<S> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |
|Stock Opti| $2.3900|04/01| J | 30000| |05/16|05/16|Common Sto| 30000| | 30000| I |Family Lim|
|on (Righ| | 1997| | | | 1992| 2001|ck | | | | |ited Partn|
|t to buy) | | | | | | | | | | | | |ership |
| (01)| | | (02) | | | | | | | | | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Stock Opti| $3.2500|04/01| J | 30000| |04/23|04/23|Common Sto| 30000| | 30000| I |Family Lim|
|on (Righ| | 1997| | | | 1994| 2003|ck | | | | |ited Partn|
|t to buy) | | | | | | | | | | | | |ership |
| (01)| | | (02) | | | | | | | | | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Stock Opti| $7.2500|04/01| J | 30000| |04/21|04/21|Common Sto| 30000| | 30000| I |Family Lim|
|on (Righ| | 1997| | | | 1995| 2004|ck | | | | |ited Partn|
|t to buy) | | | | | | | | | | | | |ership |
| (01)| | | (02) | | | | | | | | | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Stock Opti| $7.8000|04/01| J | 30000| |04/26|04/26|Common Sto| 30000| | 30000| I |Family Lim|
|on (Righ| | 1997| | | | 1996| 2005|ck | | | | |ited Partn|
|t to buy) | | | | | | | | | | | | |ership |
| (01)| | | (02) | | | | | | | | | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Stock Opti| $9.4300|04/01| J | 25000| |04/25|04/24|Common Sto| 25000| | 25000| I |Family Lim|
|on (Righ| | 1997| | | | 1997| 2006|ck | | | | |ited Partn|
|t to buy) | | | | | | | | | | | | |ership |
| (01)| | | (02) | | | | | | | | | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Stock Opti| $4.7200|04/01| J | 4240| |04/25|04/24|Common Sto| 4240| | 4240| I |Family Lim|
|on (Righ| | 1997| | | | 1997| 2006|ck | | | | |ited Partn|
|t to buy) | | | | | | | | | | | | |ership |
| (01)| | | (02) | | | | | | | | | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Stock Opti| $16.0300|04/01| J | 25000| |04/24|04/23|Common Sto| 25000| | 25000| I |Family Lim|
|on (Righ| | 1997| | | | 1998| 2007|ck | | | | |ited Partn|
|t to buy) | | | | | | | | | | | | |ership |
| (01)| | | (02) | | | | | | | | | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Stock Opti| $8.0200|04/01| J | 2184| |04/24|04/23|Common Sto| 2184| | 2184| I |Family Lim|
|on (Righ| | 1997| | | | 1998| 2007|ck | | | | |ited Partn|
|t to buy) | | | | | | | | | | | | |ership |
| (01)| | | (02) | | | | | | | | | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
Explanation of Responses:
**Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------------------ ----------
**Signature of Reporting Person Date
Note: File three copies of this form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure. SEC 2270 (7-96)
Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMD Number
Enloe, III, Robert Compaq Computer Corporation 12/31/1997 PAGE: 4 OF 4
</TABLE>
<PAGE>
