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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Everest Capital Limited
The Bank of Butterfield Building
65 Front Street
6th Floor
Hamilton HMJX, Bermuda
2. Date of Event Requiring Statement (Month/Day/Year)
September 1, 1997
3. IRS Reporting Person
(Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Projectavision Inc.
PJTV
5. Relationship of Reporting Person(s) to Issuer (Check all
applicable)
( ) Director (X) 10% Owner ( ) Officer (give title
below) ( ) Other
(specify below)
6. If Amendment, Date of Original (Month/Day/Year)
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 I -- Non-Derivative Securities Beneficially Owned
1. Title of Security 2. Amount of 3. Ownership 4. Nature of Indirect
Securities Form: Beneficial Ownership
Beneficially Direct(D) or
Owned Indirect(I)
NO COMMON STOCK OWNED AT PRESENT TIME
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Table II -- Derivative Securities Beneficially Owned
<TABLE>
<S> <C> <C> <C> <C> <C>
1.Title of 2.Date Exer- 3.Title and Amount 4. Conver- 5. Ownership 6. Nature of
Derivative cisable and of Securities sion or Form of Indirect
Security Expiration Underlying Exercise Derivative Beneficial
Date Derivative Security Price of Security:
Ownership
(Month/Day/ --------------- Deri- Direct(D) or
Year) Title Amount or vative Indirect (I)
--------------- Number of Security
Date Expira- Shares
Exer- tion
cisable Date
Series D 9/1/97 1/6/00 Common 1,809,835 $1.50*+ (I)
Convertible Stock
Preferred
Warrants Present 6/17/01 Common 100,000 $3.31+ (I)
Stock
Warrants 12/31/97 12/31/00 Common 70,000 $2.50+
Stock
Warrants 12/31/98 12/31/01 Common 70,000 $3.75+
Stock
Warrants 12/31/99 12/31/02 Common 70,000 $5.00+
Stock
</TABLE>
* Subject to adjustment in accordance with the Certificate of
Designation of the Series D Convertible Preferred Stock ($.0001
par value) of Projectavision Inc. dated January 6, 1997.
Subsequent filings will not be made solely to reflect adjustments
in the conversion price.
+ The Reporting Person disclaims beneficial ownership of these
securities except to the extent of its pecuniary interest
therein.
Explanation of Responses:
SIGNATURE OF REPORTING PERSON
Everest Capital Limited
By: /s/ Marko Dimitrijevic
2
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___________________________
Marko Dimitrijevic,
President
DATE
September 11, 1997
3
00119001.CZ2
