U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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:
Richard E. Balzhiser
560 Sand Hill Circle
Menlo Park CA 94025
2. Date of Event Requiring Statement (Month/Day/Year)
March 3, 1997
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Issuer Name and Ticker or Trading Symbol
ELECTROSOURCE, INC., ELSI
5. Relationship of Reporting Person to Issuer (Check all applicable)
Yes X No ___ Director
Yes ___ No ___ 10% Owner
Yes ___ No ___ Officer (give title below)
Yes ___ No ___ Other (specify below)
TABLE I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
1. Title of Security (Instruction 4):
Common Stock, $1.00 par value
2. Amount of Securities Beneficially Owned (Instruction 4):
None
3. Ownership Form: Direct (D) or Indirect (I) (Instructions 5):
N/A
4. Nature of Indirect Beneficial Ownership (Instruction 4):
N/A
TABLE II - Derivative Securities Beneficially Owned (e.g., puts,
calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instruction 4):
None
2. Date of Exercisable and Expiration Date (Month/Day/Year):
A. Date Exercisable:
B. Expiration Date:
3. Title and Amount of Underlying Securities (Instruction 4):
A. Title:
B. Amount or Number of Shares
4. Conversion or Exercise Price of Derivative Security.
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instruction 5):
11. Nature of Indirect Beneficial Ownership (Instruction 5):
Explanation of Responses:
/s/
Richard E. Balzhiser
(Signature of Reporting Person)**
Date: March 26, 1997
** Intentional misstatements or omissions of facts constitute
Federal Criminal Violations.
