SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of
1934 (Amendment No. 3)*
Live Entertainment, Inc.
__________________________________________
__
(Name of Issuer)
Common Stock
__________________________________________
__
(Title of Class of Securities)
53803230
_________________________
(CUSIP Number)
Check the following box if a fee is being paid with
this statement [ ]. (A fee is not required only if the filing
person: (1) has a previous statement on file reporting
beneficial ownership of more than 5 percent of the
class securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial ownership of
five percent or less of such class.) (See Rule 13d-7.)
* The remainder of the cover page shall be filled out for
a reporting person's initial filing on this form with respect
to the subject class of securities, and for any subsequent
amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover
page shall not be deemed to be "filed" for the purpose of
Section 18 of the Securities Exchange Act of 1934 ("Act")
or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the
act (however, see the Notes).
(Continued on following page(s))
Page 1 of 5 Pages
CUSIP No. 53803230 13G Page 2 of 5 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
State Street Research & Management Company
#13-31424135
_______________________________________________________________
__ _____________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [
] (b) [
]
_______________________________________________________________
__ _____________
3. SEC USE ONLY
_______________________________________________________________
__ _____________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Reporting Person is a corporation organized under
Delaware laws. Principal office of Reporting Person is in
Boston, MA.
_______________________________________________________________
__ _____________
5. SOLE VOTING POWER
256,500
NUMBER OF
SHARES 6. SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY EACH
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON WITH 256,500
8. SHARED DISPOSITIVE
POWER -0-
_______________________________________________________________
__ _____________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING
PERSON
256,500
_______________________________________________________________
__ _____________
10. CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN
SHARES*
_______________________________________________________________
__ _____________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.48%
_______________________________________________________________
__ _____________
12. TYPE OF REPORTING PERSON*
Investment adviser
*SEE INSTRUCTIONS BEFORE FILLING OUT
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SCHEDULE G
Item 1(a). Name of Issuer
Live Entertainment, Inc.
Item 1(b). Address of Issuer's Principal
Office 15400 Sherman Way
Van Nuys, CA 91406
Item 2(a). Name of Person Filing
State Street Research & Management
Company
Item 2(b). Address of Principal Business
Office One Financial Center, 30th Floor
Boston, MA 02111-2690
Item 2(c). Citizenship
Reporting Person is a corporation organized
under Delaware laws. Principal office
of Reporting
Person is Boston, MA
Item 2(d). Title of Class of
Securities
Common Stock
Item 2(e). CUSIP Number
53803230
Item 3. If this statement is filed pursuant to
Rules
13d-1(b), or 13d-2(b), check whether the
person
filing is a:
(a) [ ] Broker or dealer registered under Section
15 of the Act
(b) [ ] Bank as defined in Section 3(a)(6) of the
Act (c) [ ] Insurance Company registered under
Section
3(a)(19) of the Act
(d) [ ] Investment company registered under Section
8 of the Investment Company Act
(e) [x] Investment Adviser registered under
Section 203 of the Investment Advisers Act of
1940
(f) [ ] Employee Benefit Plan, Pension Fund which
is subject to the provisions of
the
Employee Retirement Income Security Act
of
1974 or Endowment Fund: see Section 240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance
with Section 240.13d- 1(b)(ii)(G) (Note:
See
Item 7)
(h) [ ] Group, in accordance with Section
240.13d1(b)(1)(ii)(H)
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SCHEDULE G
Item 4. Ownership
If the percent of the class owned, as of
December 31 of the year covered by the statement, or
as of the
last day of any month described in Rule 13d-
1(b)(2),
if applicable, exceeds 5 percent, provide the
following
information as of that date and identify those
shares
which there is a right to acquire.
(a) Amount beneficially owned: 256,500
(b) Percent of Class: 9.48%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
256,500
(ii) shared power to vote or to direct the vote:
-0-
(iii) sole power to dispose or to direct
the
disposition of: 256,500
(iv) shared power to dispose or direct
the disposition of: -0-
State Street Research & Management Company
disclaims any beneficial interest in any
of the foregoing
securities.
Item 5. Ownership of Five Percent or Less of a
Class.
If this statement is being filed to report
the
fact that as of the date hereof the
reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the
following [ ].
Item 6. Ownership of More than Five Percent on
Behalf
of Another Person.
If any other person is known to have the right
to receive or the power to direct the receipt
of
dividends from, or the proceeds from the sale of,
such securities, a statement to that effect should be
included in response to this item and, if
such interest
relates to more than five percent of the class,
such person should be identified. A listing of the
shareholders of an investment company
registered under the
Investment Company Act of 1940 or
the
beneficiaries of an employee benefit plan, pension fund
or endowment fund is not required.
All foregoing shares are in fact owned by
clients of State Street Research &
Management
Company.
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SCHEDULE G
Item 7. Identification and Classification of
the
Subsidiary Which Acquired the Security
Being Reported on By the Parent Holding Company.
If a parent holding company has filed
this schedule, pursuant to Rule 13d-
1(b)(ii)(G), so indicate under Item 3(g) and attach an
exhibit stating the identity and the Item 3
classification of the relevant
subsidiary. If a parent holding company
has
filed this schedule pursuant to Rule 13d-1(c),
attach an exhibit stating the identification of the relevant
subsidiary.
Inapplicable
Item 8. Identification and Classification of
Members
of the Group.
If a group has filed this schedule pursuant
to Rule 13d-1(b)(ii)(H), so indicate under
Item
3(b) and attach an exhibit stating the identity and
Item 3 classification of each member of the group. If a
group has filed this schedule
pursuant to Rule 13d-1(c),
attach an exhibit stating the identity of
each member of the group.
Inapplicable
Item 9. Notice of Dissolution of Group
Inapplicable
Item 10. Certification
By signing below I certify that, to the best of
my knowledge and belief, the securities
referred
to above were acquired in the ordinary course
of
business and were not acquired for the purpose of and do not
have the effect of changing or influencing the
control
of the issuer of such securities and were
not acquired in connection with or as a participant in
any transaction having such purposes or effect.
Signature
After reasonable inquire and to the best of my knowledge
and belief, I certify that the information set forth in
this statement is true, complete and correct.
Date: February 11, 1997
Signature: ________________________
Name/Title: Mark Passacantando
Director of Compliance
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