UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _3_)*
Hector Communications Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
422730-10-1
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(CUSIP Number)
*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).
SEC 1745 (2/92) Page 1 of 5 pages
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CUSIP No. 422730-10-1 13G Page 2 of 5 pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF THE ABOVE PERSON
Perkins Capital Management, Inc.
IRS ID No.: 41-1501962
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) /_/
(b) /_/
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
730 East Lake Street, Wayzata, MN 55391-1769
NUMBER OF SHARES 5 SOLE VOTING POWER
0
BENEFICIALLY OWNED 6 SHARED VOTING POWER
0
BY EACH REPORTING 7 SOLE DISPOSITIVE POWER
437,901
PERSON WITH 8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
437,901
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
23.0%
12 TYPE OF REPORTING PERSON*
IA
SEC 1745 (2/92) Page 2 of 5 pages
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CUSIP No. 422730-10-1 13G Page 3 of 5 pages
Item 1.
(a) Name of Issuer
Hector Communications Corporation
(b) Address of Issuer's Pricipal Executive Offices
PO Box 428, 211 South Main Street, Hector, MN 55342
Item 2.
(a) Name of Person Filing
Perkins Capital Management, Inc.
(b) Address of Principal Business Office or, if none, residence
730 East Lake Street
Wayzata, MN 55391-1769
(c) Citizenship
Minnesota Corporation
(d) Title of Class of Securities
Common Stock
(e) CUSIP Number
422730-10-1
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) (6) 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 240.13d-1 (b) (1) (ii) (F)
(g) /_/ Parent Holding Company, in accordance with
240.13d-1 (b) (ii) (G) (Note: See Item 7)
SEC 1745 (2/92) Page 3 of 5 pages
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CUSIP No. 422730-10-1 13G Page 4 of 5 pages
(h) /_/ Group, in accordance with 240.13d-1(b) (1) (ii) (H)
Item 4. Ownership
(a) The amount beneficially owned is 437,901 shares of common
equivalents. This includes 8,000 common shares, $3,782,000 of
a debenture convertible within 60 days into 425,901 common shares,
and 4,000 warrants exerciseable within 60 days that are held for
the clients of Perkins Capital Management, Inc.
(b) The percent of class is 23.0%.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
0
(ii) shared power to vote or to direct the vote
0
(iii) sole power to dispose or to direct the disposition of
437,901 (includes $3,782,000 of a debenture convertible
within 60 days to 425,901 common shares, and 4,000 warrants
exerciseable within 60 days)
(iv) shared power to dispose or to direct the disposition of
0
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
Item 6. Ownership of more than Five Percent on Behalf of Another Person.
None
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company
None
Item 8. Identification and Classification of Members of the Group
None
Item 9. Notice of Dissolution of Group
None
SEC 1745 (2/92) Page 4 of 5 pages
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CUSIP No. 422730-10-1 13G Page 5 of 5 pages
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.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
January 30, 1998
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Date
By /s/ Bradley A. Erickson
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Signature
Bradley A. Erickson, Vice President
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Name/Title
SEC 1745 (2/92) Page 5 of 5 pages
