<PAGE>
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
(X) Check this box if no longer subject to Section 16. Form 4 or
Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person
Everest Capital Limited
The Bank of Butterfield Building
65 Front Street
6th Floor
Hamilton HMJX, Bermuda
2. Issuer Name and Ticker or Trading Symbol
Projectavision Inc.
PJTV
3. IRS Number of Reporting Person (Voluntary)
4. Statement for Month/Year
11/97
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s)to Issuer (Check all
applicable)
( ) Director ( ) 10% Owner ( ) Officer (give title
below) (X) Other (specify below)
Previously was a 10% owner
7. Individual or Joint/Group Filing (check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
1. Title of Security| 2. Transaction| 3. Transaction| 4. Securities | 5. Amount of | 6. Ownership |7. Nature of |
(Instr. 3) | Date | Code | Acquired (A) | Securities | Form: | Indirect |
| | (Instr. 8) | or Disposed | Beneficially | Direct (D) | Beneficial|
| (Month/ | | of (D) | Owned at End | or Indirect| Ownership |
| Day/ | | (Instr. 3,4, | of Month | (I) | (Instr. 4)|
| Year) | | and 5) | (Instr. 3 and 4)| (Instr. 4) | |
<PAGE>
| | | | |(A) or| | | | |
| | Code | V | Amount|(D) |Price| | | |
_________________________________________________________________________________________________________________________________
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NO COMMON STOCK OWNED AT THIS TIME
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
TABLE II -- DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
1. Title of | 2. Conver- | 3. Trans- | 4. Trans- | 5. Number of | 6. Date Exer- | 7. Title and Amount |
Derivative | sion or | action | action | Derivative | cisable and | of Underlying |
Security | Exercise | Date | Code | Securities | Expiration | Securities |
(Instr. 3) | Price of | (Month/ | (Instr. | Acquired | Date | (Instr. 3 and 4) |
| Deri- | Date/ | 8) | (A) or | (Month/Day/ | |
| vative | Year) | | Disposed of | Year) | |
| Security | | | (D) (Instr. | | |
| | | | 3, 4 and 5) | | |
| | |____________|_________________|___________________|_____________________|
| | | | | | | | | | |
| | | | | | | Date | Expira- | | Amount or |
| | | | | | | Exer- | tion | | Number of |
| | | Code | V | (A) | (D) | cisable | Date | Title | Shares |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
<S> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |
| | | | | | | | | | |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
Warrants |$3.31+ | | | | | | present| 6/17/01 |Common | 100,000 |
| | | | | | | | |Stock | |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
Warrants |$1.65+ |11/14/97 |S |V | |70,000 | present|10/31/02 |Common | 70,000 |
| | | | | | | | |Stock | |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
Warrants |$1.65+ |11/14/97 |S |V | |70,000 | present|10/31/02 |Common | 70,000 |
| | | | | | | | |Stock | |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
Warrants |$1.65+ |11/14/97 |S |V | |70,000 | present|10/31/02 |Common | 70,000 |
| | | | | | | | |Stock | |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
Series D |$1.50+ |11/14/97 |S |V | |35,000 | present| 1/6/00 |Common | 2,413,114 ]
Convertible | | | | | | | | |Stock | |
Preferred | | | | | | | | | | |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
| | | | | | | | | | |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
| | | | | | | | | | |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
| | | | | | | | | | |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
| | | | | | | | | | |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
</TABLE>
<TABLE>
| 8. Price of | 9. Number of | 10. Ownership | 11. Nature of |
| Derivative | derivative | Form of | Indirect |
<PAGE>
| Security | Securities | Derivative | Beneficial |
| (Instr. 5) | Benefi- | Security | Ownership |
| | cially | Direct (D) | (Instr. 4) |
| | Owned at | or Indirect | |
| | End of | (I) (Instr. | |
| | Month | 4) | |
| | (Instr. 4) | | |
|_______________________|___________________|___________________|_________________|
|<S> |<C> |<C> |<C> |
|_______________________|___________________|___________________|_________________|
| | 100,000 | I | |
|_______________________|___________________|___________________|_________________|
| | 0 | I | |
|_______________________|___________________|___________________|_________________|
| | 0 | I | |
|_______________________|___________________|___________________|_________________|
| | 0 | I | |
|_______________________|___________________|___________________|_________________|
| $85.00 | 0 | I | |
|_______________________|___________________|___________________|_________________|
| | | | |
|_______________________|___________________|___________________|_________________|
| | | | |
|_______________________|___________________|___________________|_________________|
| | | | |
|_______________________|___________________|___________________|_________________|
| | | | |
|_______________________|___________________|___________________|_________________|
</TABLE>
Everest Capital Limited
By: /s/ Marko Dimitrijevic December 17, 1997
__________________________ _________________
Marko Dimitrijevic Date
President
**Signature of
Reporting Person
** Intentional misstatements or omissions of facts constitute
Federal Criminal Violations. See U.S.C. 1001 and 15 U.S.C.
78ff(a).
Note: File three copies of this Form, one of which must be
manually signed. If space is sufficient, see Instruction 6 for
procedure.
<PAGE>
+ The Reporting Person disclaims beneficial ownership of these
securities except to the extent of its pecuniary interest, if
any, therein
00119001.DC3
