ILC TECHNOLOGY INC
SC 13G, 1997-04-08
ELECTRIC LIGHTING & WIRING EQUIPMENT
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                                                      --------------------------
                                                             OMB APPROVAL
                                                          OMB No. 3235-0145
                                                      Expires September 30, 1988
                                                      --------------------------


                      SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                  SCHEDULE 13G


                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                           (AMENDMENT NO._______)*

                             ILC Technology, Inc.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                                  Common Stock
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    44965410
- --------------------------------------------------------------------------------
                                 (CUSIP Number)

Check  the  following box  if a fee is being paid with this statement [XX]. (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 6 pages
                                        --


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- -----------------------------                           -----------------------
CUSIP NO. 44965410                    13G                    PAGE 2 OF 6 PAGES
         ------------------                                        --   --     
- -----------------------------                           -----------------------


- --------------------------------------------------------------------------------
   1      NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                         WESTPORT ASSET MANAGEMENT INC.
- --------------------------------------------------------------------------------
   2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) [ ]
                                                                         (b) [X]
- --------------------------------------------------------------------------------
   3      SEC USE ONLY



- --------------------------------------------------------------------------------
   4      CITIZENSHIP OR PLACE OF ORGANIZATION

                    CONNECTICUT

- --------------------------------------------------------------------------------
                           5     SOLE VOTING POWER

         NUMBER OF                      8,900
          SHARES           -----------------------------------------------------
       BENEFICIALLY        6     SHARED VOTING POWER
         OWNED BY                     691,650
           EACH            -----------------------------------------------------
         REPORTING         7     SOLE DISPOSITIVE POWER
          PERSON  
           WITH                         8,900
                           -----------------------------------------------------
                           8     SHARED DISPOSITIVE POWER
                                       691,650
- --------------------------------------------------------------------------------
   9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                                       700,550

- --------------------------------------------------------------------------------
   10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*


- --------------------------------------------------------------------------------
   11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                                         14.59%
- --------------------------------------------------------------------------------
   12     TYPE OF REPORTING PERSON*

                 IA
- --------------------------------------------------------------------------------
                           *SEE INSTRUCTION BEFORE FILLING OUT!

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                               Page 3 of 6 pages

Item 1 (a)              Name of Issuer:
- ----------              ----------------
                        ILC Technology, Inc.

Item 1 (b):             Address of Issuer's Principal Executive Offices:
- -----------             ------------------------------------------------

                             399 Java Drive
                             Sunnyvale, CA 94089

Item 2 (a):             Name of Person Filing:
- -----------             ----------------------

                        WESTPORT ASSET MANAGEMENT, INC.

Item 2 (b):             Address of Principal Business Office:
- -----------             -------------------------------------

                        253 RIVERSIDE AVENUE
                        WESTPORT, CT  06880

Item 2(c):              Citizenship:
- ----------              ------------

                        CONNECTICUT

Item 2(d):              Title of Class of Securities:
- ---------               -----------------------------

                        COMMON STOCK

Item 2 (e):             CUSIP Number:
- -----------             ------------- 

                              44965410

Item 3.                 If this stated 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(b)(6)
                                        of the Act


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                                Page 4 of 6 pages

                         (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)    (X)      Investment Adviser registered
                                         under Section 203 of the Investment
                                         Advisors Act of 1940

                         (f)    (  )     Employee Benefit Plan, Pension
                                         Fund which is subject to the
                                         Provisions of the Employee Retire-
                                         ment Income Security Act of 1974
                                         or Endowment Fund; see 'SS'240.13d-1
                                         (b)(1)(ii)(F)

                         (g)    (  )     Parent Holding Company, in accor-
                                         dance with 'SS'240.13d-1(b)(ii)(G)
                                         (Note:  See Item 7)

                         (h)    (  )     Group in accordance with 'SS'.240.13d-1
                                         (b)(1)(ii)(H)

Item 4.                  Ownership.
- -------                  ----------
                         (a)     Amount Beneficially owned: 700,550      shares

                         (b)     Percent of Class:  14.59%

                         (c)     Number of shares as to which such person has:

                                 (i)   sole power to vote or to direct the vote:
                                       8,900

                                 (ii)  shared power to vote or to direct the
                                       vote:  691,650

                                 (iii) sole power to dispose or to direct the
                                       disposition of:  8,900

                                 (iv)  shared power to dispose or to direct the
                                       disposition of:  691,650


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                                Page 5 of 6 pages

Item 5.                  Ownership of Five Percent or Less of a Class
- -------                  --------------------------------------------
                        

                              If this statement is being filed to report the
                         fact that as of the date hereof the reporting person
                         has ceased to be the beneficial owner of more than five
                         percent of the class of securities, check the following
                         ( )

Item 6.                  Ownership of More than Five Percent on Behalf of 
- ------                   ------------------------------------------------
                         Another Person:
                         ---------------


                         A PORTION OF THE SHARES OF COMMON STOCK OF THE ISSUER
                         REPORTED HEREBY, AMOUNTING IN THE AGGREGATE TO 14.41%
                         OF SUCH SHARES OUTSTANDING, ARE HELD IN CERTAIN
                         DISCRETIONARY MANAGED ACCOUNTS OF WESTPORT ASSET
                         MANAGEMENT, INC. (THE "REPORTING PERSON"). THE
                         REMAINING SHARES OF COMMON STOCK OF THE ISSUER REPORTED
                         HEREBY, AMOUNTING TO 0.18% OF SUCH SHARES OUTSTANDING
                         ARE BENEFICIALLY OWNED BY OFFICERS AND STOCKHOLDERS OF
                         THE REPORTING PERSON. THE REPORTING PERSON DISCLAIMS
                         BENEFICIAL OWNERSHIP OF SUCH SHARES BENEFICIALLY OWNED
                         BY SUCH PERSONS AND DISCLAIMS THE EXISTENCE OF A GROUP.

Item 7.                  Identification and Classification of the Subsidiary
- ------                   Which acquired the Security Being Reported on By
                         the Parent Holding Company.
                         ----------------------------------------------------
                              N/A

Item 8.                  Identification and Classification of Members of
- ------                   the Group.
                         ------------------------------------------------
                              N/A

Item 9.                  Notice of Dissolution of Group.
- ------                   -------------------------------
                              N/A


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                                    Page 6 of 6 pages

Item 10.                 Certification
- -------                  -------------
                                    
                              By signing below, I certify that, to the best of
                         my knowledge and belief, the securities referred to
                         above were acquired in the ordinary course of business
                         and were not acquired for the purpose of and do not
                         have the effect of changing or influencing the control
                         of the issuer of such securities and were not acquired
                         in connection with or as a participant in any
                         transaction having such purpose or effect.

                                   Disclaimer
                                   ----------

                             The undersigned expressly declares that the filing
                         of this Schedule 13G shall not be construed as an
                         admission that such person is, for the purpose of
                         Section 13(d) or 13(g) of the Securities Act of 1934,
                         the beneficial owner of any securities covered by this
                         statement.

                             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.

Date February 13, 1997

                                       WESTPORT ASSET MANAGEMENT, INC.

                                       BY    /s/ Andrew J. Knuth

                                             ANDREW J. KNUTH, CHAIRMAN






                           STATEMENT OF DIFFERENCES

The section symbol shall be expressed as...................................'SS'





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