UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
SpectraScience, Incorporated
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
84760E-20-2
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(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 l; 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).
SEC 1745 (2/92) Page 1 of 5 pages
<PAGE>
CUSIP No. 84760E-20-2 13G Page 2 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Perkins Capital Management, Inc.
IRS ID No.: 41-1501962
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) /__/
(b) /__/
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
730 East Lake Street, Wayzata, MN 55391-1769
5 SOLE VOTING POWER
NUMBER OF 393,099
SHARES 6 SHARED VOTING POWER
0
BENEFICIALLY
OWNED BY 7 SOLE DISPOSITIVE POWER
794,488
EACH
REPORTING
PERSON 8 SHARED DISPOSITIVE POWER
0
WITH
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
523,045
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/_/
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.4%
12 TYPE OF REPORTING PERSON*
IA
SEC 1745 (2/92) Page 2 of 5 Pages
<PAGE>
CUSIP No. 84760E-20-2 13G Page 3 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Perkins Opportunity Fund
IRS ID No.: 13-3682185
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) /__/
(b) /__/
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
A Massachusetts Business Trust
5 SOLE VOTING POWER
NUMBER OF 0 (Refer to page two of five, item five)
SHARES 6 SHARED VOTING POWER
0
BENEFICIALLY
OWNED BY 7 SOLE DISPOSITIVE POWER
0 (Refer to page two of five, item seven)
EACH
REPORTING
PERSON 8 SHARED DISPOSITIVE POWER
0
WITH
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
271,443
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/_/
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.5%
12 TYPE OF REPORTING PERSON*
IC
SEC 1745 (2/92) Page 3 of 5 pages
<PAGE>
CUSIP No. 84760E-20-2 13G Page 4 of 5 Pages
ITEM 1.
(a) Name of Issuer
Spectra Science, Incorporated
(b) Address of Issuer's Principal Executive Offices
5909 Baker Road, Suite 580
Minneapolis, MN 55345
ITEM 2.
(a) Name of Person Filing
Perkins Capital Management, Inc., a Minnesota Corporation
The Perkins Opportunity Fund, a Massachusetts Business Trust
(b) Address of Principal Business Office or, if none, Residence
730 East Lake Street
Wayzata, MN 55391-1769
(c) Citizenship
Minnesota Corporation, Massachusetts Business Trust
(d) Title of Class of Securities
Common
(e) CUSIP Number
84760E-20-2
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 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) /X/ Investment Company registered under section 8 of the
Investment Company Act
(e) /X/ 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; see
240.13d-l(b)(l)(ii)(F)
(g) /__/ Parent Holding Company, in accordance with
240.13d-l(b)(ii)(G) (Note: See Item 7)
(h) /__/ Group, in accordance with 240.13d-l(b)(l)(ii)(H)
ITEM 4. OWNERSHIP
If the percent of the class owned, as of December 31 of the year covered
by the statement, or as of the last day of any month described in Rule
13d-l(b)(2), if applicable, exceeds five percent, provide the following
information as of that date and identify those shares which there is a right to
acquire.
(a) The amount beneficially owned is 794,488 shares of common stock
and common equivalents. This includes 523,045 shares of common
stock owned by the clients of Perkins Capital Management,
Inc. and 271,443 shares of common stock owned by The Perkins
Opportunity Fund. Perkins Capital Management, Inc. disclaims
beneficial interest in the Perkins Opportunity Fund shares.
(b) The percent of class is 21.9%. This includes a percentage of
class of 14.4% by clients of Perkins Capital Management, Inc.
and 7.5% by The Perkins Opportunity Fund.
SEC 1745 (2/92) Page 4 of 5 pages
<PAGE>
CUSIP No. 84760E-20-2 13G Page 5 of 5 Pages
(c) Number of shares as to which such person has:
(i) Perkins Capital Management, Inc. has the sole power to vote
393,099 common shares, including the 271,443 common shares
owned by The Perkins Opportunity Fund.
(ii) There are zero shares with shared power to vote.
(iii) Perkins Capital Management, Inc. has the sole power to
dispose of 794,488 common shares (includes 271,443 shares of
common stock owned by The Perkins Opportunity Fund).
(iv) There are zero shares with shared power to dispose.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A 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
None.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
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 purposes or
effect.
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.
February 4, 1997
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By /s/ Bradley A. Erickson
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Signature
Bradley A. Erickson, Vice President
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Name/Title
SEC 1745 (2/92) Page 5 of 5 pages
<PAGE>
SCHEDULE 13G
JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(f)(1)
This agreement is made pursuant to Rule 13d-1(f)(1) under the Securities
Exchange Act of 1934 (the "ACT") by and among the parties listed below, each
referred to herein as a "Joint Filer." The Joint Filers agree that a statement
of beneficial ownership as required by Section 13(d) of the Act and the Rules
thereunder may be filed on each of their behalf of Schedule 13D or Schedule 13G
as appropriate and that said joint filing may thereafter be amended by further
joint filings. The Joint Filers state that to the best of their knowledge and
belief they each satisfy the requirements for making a joint filing under Rule
13d-1.
February 3, 1997
/s/ Bradley A. Ericksonn /s/ Steven J. Paggioli
__________________________________ __________________________________
Perkins Capital Management, Inc. Perkins Opportunity Fund Series
Bradley A. Erickson Professionally Managed Portfolio
Steven J. Paggioli
