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FORM 4
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|_| Check this box if no ---------------------------------
longer subject to OMB APPROVAL
Section 16. Form 4 or ---------------------------------
Form 5 obligations may OMB Number 3235-0287
continue. See Expires: September 30,1998
Instruction 1(b). Estimated average burden
hours per response......0.5
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<TABLE>
<CAPTION>
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of
1935 or Section 30(1) of the Investment Company Act of 1940
- ------------------------------------------------------------- --------------------- ------------------------------------- ---------
1. Name and Address of Reporting Person 2. Issuer Name and Ticker 6. Relationship of Reporting Person to Issuer
or Trading Symbol (Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give _____ Other(specify
FRADELLA FRANK JOHN EIF HOLDINGS, INC., EIFH title below) below)
- ----------------------------------------------- ----------------------------------- President
(Last) (First) (Middle) 3. IRS or Social 4.Statement for
Security Number of Month/Year
Reporting Person 4/98
24930 N HAMPTON FOREST DRIVE (Voluntary)
- ----------------------------------------------- ---------------- ---------------- -----------------------------
(Street) ###-##-#### 5. If Amendment, 7. Individual or Joint/Group Filing
Date of Original (Check Applicable Line)
SPRING TX 77389 (Month/Year) __X__Form filed by One Reporting Person
- ----------------------------------------------- _____Form filed by More than One Reporting
(City) (State) (Zip) Person
- -----------------------------------------------------------------------------------------------------------------------------------
Table 1-- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- --------------------------------------- ----------------- ----------------------------------- -------------------------------------
1. Title of Security 2. Transaction 3. Transaction 4. Securities Acquired (A) 5.Amount of 6.Ownership 7. Nature
(Instr. 3) Date Code or Disposed of (D) Securities Form: of In-
(Month/ (Instr. 8) (Instr. 3, 4, and 5) Beneficially Direct direct
Day/ Owned at (D) or Bene-
Year) End of Month Indirect ficial
(Instr.3 (I) Owner-
and 4) (Instr. ship
4) (Instr.
4)
--------- ------- ------------ ---------- -----------
Code V Amount (A) or Price
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ---------------------- ---------------- --------- ------- ------------ ---------- ----------- -------------- ----------- ----------
EIF HOLDINGS, INC. 4/13/98 P 10,000 A .31 D
- ---------------------- ---------------- --------- ------- ------------ ---------- ----------- -------------- ----------- ----------
EIF HOLDINGS, INC. 4/13/98 P 10,000 A .33 D
- ---------------------- ---------------- --------- ------- ------------ ---------- ----------- -------------- ----------- ----------
EIF HOLDINGS, INC. 4/13/98 P 10,000 A .34 D
- ---------------------- ---------------- --------- ------- ------------ ---------- ----------- -------------- ----------- ----------
EIF HOLDINGS, INC. 4/13/98 P 5,000 A .38
- ---------------------- ---------------- --------- ------- ------------ ---------- ----------- -------------- ----------- ----------
EIF HOLDINGS, INC. 4/13/98 P 20,000 A .42 D
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EIF HOLDINGS, INC. 4/13/98 P 15,000 A .43 D
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EIF HOLDINGS, INC. 4/13/98 P 10,000 A .45 D
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EIF HOLDINGS, INC. 4/13/98 P 10,000 A .49 D
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EIF HOLDINGS, INC. 4/13/98 P 40,000 A .49 130,000 D
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. (over) * If the form is filed by more than one
reporting person, see Instruction 4(b)(v).(Print or Type Responses) SEC 1474
(7-96)
<PAGE>
<TABLE>
<CAPTION>
FORM 4 (Continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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1.Title of Derivative 2.Conver- 3.Transact- 4.Trans- 5.Number of 6.Date 7.Title and 8.Price 9.Number 10.Owner 11. Nature
Security sion or ion Date action Derivative Exercis- amount of of berof ship of Indi-
(Instr. 3) Exercise (Month/ Code Securities able and underlying Deri- of Der Form of rect bene-
Price of Day/ (Instr. Acquired (A) Expiration securities vative iva- Deriv- ficial Own
tive of (D)(Instr. (Month/Day/ and 4) ity Secur Secur- ership
Security 3, 4, and 5) Year) (Instr ities ity: (Instr
5) Benefi Direct 4)
cially (D)
Owned or
at end Indi-
of rect
month (I)
(Instr (Instr
------------------------ 4) 4)
Date Expir- Amount
Exer ation or
cis- Date Title Number
-------- --- --------- able of
Code V (A) (D) shares
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
/s/ Frank J. Fradella 5/1/98
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**Signature of Reporting Person Date
by: **Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
**Signature of Reporting Person
See 18 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
spaced provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not Page 2 required to respond unless the form displays a
currently valid OMB Number.
