FORM 4 Securities and Exchange Commission
Washington, DC 20549
Statement of Changes in Beneficial Ownership
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 Section 30(f) of the
Investment Company Act of 1940
1. Name and Address of Reporting Person 5. If Amendment, Date of Original
Shatsoff Lawrence -- ------------------------------
------------------------------------
(Last) First Middle
39 Hansen Farm Road 6. Relationship of Reporting
------------------------------------ Person(s) to Issuer
(Street) (Check all applicable)
_X Director __ 10% Owner
North Haven CT 06473 _X Officer __ Other (Specify
------------------------------------ (title) below)
(City) (State) (Zip) V.P.- COO
__________
2. Issuer Name and Trading Symbol 7. Individual or Joint/Group
Filing
_X Form filed by One Reporting
DCI Telecommunications, Inc. DCTC Person
------------------------------------ __ Form filed by More than One
Reporting Person
3. IRS Identification Number of Reporting
Person, if an entity (Voluntary)
4. Statement for Month/Year
March/1999
---------------
_____________________________________________________________________________
<PAGE>
Table I - Non-Derivative Securities Acuired, Disposed of, or Beneficially
Owned
1. Title 2. Trans- 3.Trans- 4.Securities 5.Amount 6.Owner- 7.Nature
of action action Acquired (A) of ship of
Security Date Code or Disposed Securities Form: Indirect
(Month/ of (D) Beneficially Direct Benef-
Day/ Owned at or cial
Year) End of Indirect Owner-
Month ship
DCI Telecom.
Common
Stock 3/17/99 M 50,000 (A) 122,199 shares D --
- ----------- ------- ------- ------------ ----------- -------- ------
- ----------- ------- ------- ------------ ----------- -------- ------
- ----------- ------- ------- ------------ ----------- -------- ------
<PAGE>
Table II - Derivative Securities Accuired, Disposed of, or Beneficially Owned
(e.g. puts, calls, warrants, options, convertible securities)
1.Title of 2.Conver- 3.Trans- 4. Trans- 5.Number of 6. Date
Derivative sion or action Code Deriva- Exer-
Security Exercise date tive cisable
Price of Secur- and
Deri- ities Expir-
vative Acquired ation
Security or Date
Disposed
Of
Cod V (A) (D) Exer Expire
Options $0.1875 3/17/99 X -- -- 50000 -- --
- ---------------- ------- ------- --- --- --- ----- ---- -----
8/2/96
thru
Options $0.1875 -- -- -- -- -- 8/23/96 4/12/01
- ---------------- ------- ------ --- ---- --- ---- ------ ------
Options $1.375 -- -- -- -- -- 6/16/97 6/16/02
- ---------------- ------- ------ --- ---- --- ------ ------- -------
Options $1.75 -- -- -- -- -- 9/8/97 9/8/02
- ---------------- ------- ------ --- ---- --- ------- ------- -------
<PAGE>
Table II - Derivative Securities Accuired, Disposed of, or Beneficially Owned
(e.g. puts, calls, warrants, options, convertible securities)
7.Title 8. Price 9. Number 10. Owner- 11. Nature
& Amount of of ship of
of Deriv- Deriv- Form Indirect
Underlying ative ative of Benefi-
Securities Security Secur- Deriv- Owner-
Ities ative ship
Bene- Secur-
Ficially ity
Owned at Direct
End of or
Month Indirect
Common -- -- - -
- ------------- ------- ------ ------ ------
Common -- 250,000 D -
- ------------- ------- ------- ------ ------
Common -- 54,545 D -
- ------------- ------- ------- ------ ------
Common -- 100,000 D -
- ------------- ------- ------- ------ ------
Explanation of Responses:
All options represent the right to purchase DCI common shares.
Lawrence Shatsoff 3/17/99
_____________________ _________
Signature of Reporting Date
Person
