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FORM 3 U.S. SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES OMB Approval
OMB Number: 3235-0104
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Expires October 31, 2001
Section 17(a) of the Public Utility Holding Company Act of 1935 or Estimated average burden
Section 30(f) of the Investment Company Act 1940 hours per response...0.5
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|1.Name and Address of Reporting Person |2.Date of Event Re- |4. Issuer Name and Ticker or Trading Symbol |
| | quiring Statement | PowerCold Corporation PWCL |
| | (Month/Day/Year) | |
|----------------------------------------| 6/1/2000 |-------------------------------------------------------------|
| (Last) (First) (MI) |---------------------|5.Relationship of Reporting Person to Issurer|6.If Amendment, |
| Simola Francis L |3.IRS or Social Se- | (Check all applicable) | Date of Original|
| | curity Number of | _X_ Director ___ 10% Owner | (Month/Day/Year)|
|----------------------------------------| Reporting Person | _X_ Officer (give ___ Other (specify | |
| (Street) | (Voluntary) | title below) below) |----------------|
| 9408 MeadowBrook Ave | | |7. Individual or |
| | ###-##-#### | President and Chief Operating Officer | Joint/Group |
| | | President or CEO | Filing (Check |
| | | | applicable line)|
| | | |_X_ Form filed by|
| | | | One Reporting |
|----------------------------------------|---------------------|---------------------------------------------| Person |
| (City) (State) (Zip) | |___ Form filed by|
| Philadelphia PA 19118 | TABLE I - Non-Derivative Securities Owned | More than One |
| | | Reporting Person|
|----------------------------------------|-------------------------------------------------------------------|----------------|
|1.Title of Security |2.Amount of Securities | 3. Ownership |4.Nature of Indirect Beneficial Ownership|
| (Instr. 4) | Beneficially Owned | Form: Direct (D) | (Instr. 5) |
| | (Instr. 4) | or Indirect (I) | |
| | | (Instr. 5) | |
|----------------------------|----------------------------|--------------------------|---------------------------------------|
<S> <C> <C> <C>
| Common Stock | 942,432 | (D) | |
|----------------------------|----------------------------|--------------------------|---------------------------------------|
| | | | |
|----------------------------|----------------------------|--------------------------|---------------------------------------|
| | | | |
|----------------------------|----------------------------|--------------------------|---------------------------------------|
| | | | |
|----------------------------|----------------------------|--------------------------|---------------------------------------|
| | | | |
|----------------------------------------------------------------------------------------------------------------------------|
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Reminder: Report of a separate line for each class securities owned directly or
indirectly.
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FORM 3 (continued) TABLE II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible security)
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|1.Title of Derivative Security |2.Date Exer- |3.Title and Amount of Securities |4.Conver- |5.Owner- |6.Nature of In-|
| (Instr. 4) | cisable and | Underlying Derivative Security | sion or | ship | direct |
| | Expiration | (Instr. 4) | Exercise| Form of | Beneficial |
| | Date (Month/ | | Price of| Deriv- | Ownership |
| | Day/Year) | | Deri- | ative | |
| |-----------------|---------------------------------| vative | Security | |
| |Date |Expira- | | Amount | Security| Direct | |
| |Exer- |tion | Title | or | | (D) or | |
| |cisable |Date | | Number | | Indirect | |
| | | | |of Shares| | (I) | |
| | | | | | | (Instr 5)| |
|------------------------------------|--------|--------|-----------------------|---------|----------|----------|--------------|
<S> <C> <C> <C> <C> <C> <C>
| Options | 2/7/98 | 2/7/01 | Common stock | 50,000 | $0.50 | (D) | |
| | | | | | | | |
|------------------------------------|--------|--------|-----------------------|---------|----------|----------|--------------|
| Options | 2/7/98 | 2/7/01 | Common stock | 100,000 | $0.50 | (D) | |
|------------------------------------|--------|--------|-----------------------|---------|----------|----------|--------------|
| | | | | | | | |
|------------------------------------|--------|--------|-----------------------|---------|----------|----------|--------------|
| | | | | | | | |
|------------------------------------|--------|--------|-----------------------|---------|----------|----------|--------------|
| | | | | | | | |
|------------------------------------|--------|--------|-----------------------|---------|----------|----------|--------------|
| | | | | | | | |
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Explanation of Responses:
(1)
/s/ Francis L. Simola June 5, 2000
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**Signature of Reporting Person Date
**Intentional misstatements or omissions of facts constitute Federal Criminal
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