UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___0___)*
ORBIT SEMICONDUCTOR, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
68556E104
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(CUSIP Number)
Check the following box if a fee is being paid with this statement _X_. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
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 this 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).
<PAGE>
CUSIP NO.: 68556E104
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Founders Asset Management, Inc.
84-0205848
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ___
(b) ___
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER: 415,850
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NUMBER OF
SHARES 6 SHARED VOTING POWER: NONE
BENEFICIALLY
OWNED BY _______________________________________________
EACH
REPORTING 7 SOLE DISPOSITIVE POWER: 415,850
PERSON
WITH _______________________________________________
8 SHARED DISPOSITIVE POWER: NONE
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
415,850
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.7%
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12 TYPE OF REPORTING PERSON
IA
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<PAGE>
ITEM 1(a). NAME OF ISSUER:
Orbit Semiconductor, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
169 Java Drive
Sunnyvale, CA 94089
ITEM 2(a). NAME OF PERSON FILING:
Founders Asset Management, Inc.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE,
RESIDENCE:
2930 E. Third Avenue
Denver, CO 80206
Item 2(c). Citizenship:
Delaware
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
68556E104
Item 3. If this statement is filed pursuant to Rule 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 as defined in 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)
<PAGE>
(g) ___ Parent Holding Company, in accordance with Section
240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) ___ Group, in accordance with Section
240.13d-1(b)(1)(ii)(H)
ITEM 4. OWNERSHIP
For Founders Asset Management, Inc. ("FAMI"), the following sets forth
the amount of shares beneficially owned, the percent of class owned as of
December 31, 1995, the number of shares to which FAMI has the sole power and the
shared power to vote or to direct the vote of the shares, and the number of
shares to which FAMI has the sole power and the shared power to dispose or to
direct the disposition of the shares:
(a) Amount Beneficially Owned: 415,850
(b) Percent of Class: 5.7%
(c) Number of shares as to which FAMI has:
(i) sole power to vote or to direct the vote:
415,850
(ii) shared power to vote or to direct the vote:
None
(iii) sole power to dispose or to direct the
disposition of:
415,850
(iv) shared power to dispose or to direct the
disposition of:
None
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
This item is not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON.
All shares are owned for the benefit of third parties (private accounts
and/or investment companies managed by the undersigned), which are entitled to
receipt of dividends and proceeds from the sale of such securities. No such
individual third party beneficially owned more than five percent of such
securities.
<PAGE>
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY
WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE
PARENT HOLDING COMPANY.
This item is not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE
GROUP.
This item is not applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
This item is not applicable.
ITEM 10. CERTIFICATION.
By signing below the undersigned certifies that, to the best of its
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 inquiry and to the best of the undersigned's knowledge
and belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: June 4, 1996 FOUNDERS ASSET MANAGEMENT, INC.
/s/ Jonathan F. Zeschin
By:____________________________
Jonathan F. Zeschin,
President
