SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-KA1
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 6, 1997
ELECTROSOURCE, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-16323 74-2466304
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification Number)
2809 Interstate 35 South
San Marcos, Texas 78666
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (512) 753-6500
(Former name or former address, if changed since last report)
Item 5. Other.
On March 6, 1997, the Company entered into an iterim Loan
Agreement ("Loan Agreement") and Promissory Note ("Note") with a
large domestic manufacturing company ("Lender"), a Fortune 500
company, with whom it is also discussing other business
arrangements. The unsecured loan is for $500,000 and is payable
on demand at any time after May 7, 1997. Interest is payable at
5% per annum. The Lender may credit the loan against any
purchase price it agrees to pay for any other securities,
however, there is no assurance that any other business
arrangements will be completed with the Lender.
Item 7. Financial Statements and Exhibits.
None
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
ELECTROSOURCE, INC.
By: /s/
James M. Rosel
Vice President Finance
and General Counsel
Date: April 2, 1997
