U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL 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
_X_ Check here if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue.
See Instruction 1(b)
___ Form 3 Holdings Reported
___ Form 4 Transactions Reported
1. Name and Address of Reporting Person:
JAMES M. ROSEL
2363 Merritt Drive
Garland, TX 75041
2. Issuer Name and Ticket or Trading Symbol
ELECTROSOURCE, INC. ELSI
3. IRS or Social Security Number of Reporting Person
(Voluntary)
###-##-####
4. Statement for Month/Year
April 2000
5. If Amendment, Date of Original (Month/Year)
N/A
6. Relationship of Reporting Person to Issuer (Mark 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 3)
Common Stock, $1.00 par value
2. Transaction Date (Month/Day/Year)
N/A
3. Transaction Code (Instruction 8)
N/A
4. Securities Acquired (A) or Disposed of (D) (Instructions 3,
4 and 5):
A. Amount: None
B. Acquired (A) 0 Disposed of (D) 0
C: Price:
5. Amount of Securities Beneficially Owned at End of Issuer's
Fiscal Year (Instructions 3 and 4):
100 shares
6. Ownership Form: Direct (D) or Indirect (I) (Instruction 4)
Direct
7. Nature of Indirect Beneficial Ownership (Instruction 4):
N/A
TABLE II - Derivative Securities Acquired, Disposed of, or
Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instruction 3)
(1) Stock Options to Purchase Common Stock, $1.00 par
value
(2) Warrants to Purchase Common Stock, $1.00 par value
2. Conversion or Exercise Price of Derivative Security
(1) $1.00 per share
(2) $2.5630
3. Transaction Date (Month/Day/Year)
N/A
4. Transaction Code (Instruction 8)
N/A
5. Number of Derivative Securities Acquired (A) or Disposed of
(D) (Instructions 3, 4 and 5):
A. Acquired (A): 0
B. Disposed of (D): 0
6. Date of Exercisable and Expiration Date (Month/Day/Year)
Options:
A. Date Exercisable (1) January 23, 1999
B. Expiration Date (2) December 23, 2008
Warrants:
A. Date Exercisable (1) On Demand
B. Expiration Date (2) January 22, 2004
7. Title and Amount of Underlying Securities (Instructions 3
and 4)
A. Title (1)(2) Common Stock
B. Amount or Number of Shares (1) 15,000 (2)
25,0003
8. Price of Derivative Security (Instruction 5)
(1) $1.00 (2) $2.563
9. Number of Derivative Securities Beneficially Owned at End of
Year (Instruction 4)
(1) Options 15,000 shares
(2) Warrants 25,003 shares
10. Ownership Form of Derivative Security: Direct (D) or
Indirect (I) (Instruction 4):
Direct
11. Nature of Indirect Beneficial Ownership (Instruction 4):
N/A
Explanation of Responses:
Mr. Rosel resigned as a Director as of April 6, 2000.
/s/
JAMES M. ROSEL
Date: April 12, 2000
