ENDOSONICS CORP
SC 13G/A, 1997-02-14
ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS
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                                    UNITED STATES
                          SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C.   20549

                                     SCHEDULE 13G

                      Under the Securities Exchange Act of 1934
                               (Amendment No    4    )


                                EndoSonics Corporation
- --------------------------------------------------------------------------------
                                   (Name of Issuer)


                                     Common Stock
- --------------------------------------------------------------------------------
                            (Title of Class of Securities)


                                     29264K 10 5
- --------------------------------------------------------------------------------
                                    (CUSIP Number)

Check the following box if a fee is being paid with this statement /  / .  (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 1 of 8 Pages

<PAGE>

CUSIP No. 29264K 10 5                13G                 Page  2  of  8  Pages
          -----------                                         ---    --- 

- -------------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO OF ABOVE PERSON

               CH PARTNERS III            91-1203027
- -------------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER     (a)  /x/
     OF A GROUP*                               (b)  / /
- -------------------------------------------------------------------------------
 (3) SEC USE ONLY

- -------------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION

              STATE OF WASHINGTON
- -------------------------------------------------------------------------------
NUMBER OF SHARES              (5) SOLE VOTING POWER
 BENEFICIALLY                      
 OWNED BY                    --------------------------------------------------
 EACH REPORTING               (6) SHARED VOTING POWER
 PERSON WITH                           395,287
                             --------------------------------------------------
                              (7) SOLE DISPOSITIVE POWER
                                    
                             --------------------------------------------------
                              (8) SHARED DISPOSITIVE POWER
                                       395,287
- -------------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
         395,287
- -------------------------------------------------------------------------------
(10) CHECK BOX IF A THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
    /x/ (Shares held of record by other Individual General Partners excluded.)
- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
         3.0%
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
         PN
- -------------------------------------------------------------------------------
                    *SEE INSTRUCTION BEFORE FILLING OUT!


                                  Page 2 of 8 pages

<PAGE>

CUSIP No. 29264K 10 5                13G                 Page  3  of  8  Pages
          -----------                                         ---    --- 

- -------------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO OF ABOVE PERSON

               Thomas J. Cable            ###-##-####
- -------------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER     (a)  /x/
     OF A GROUP*                               (b)  / /
- -------------------------------------------------------------------------------
 (3) SEC USE ONLY

- -------------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
              USA
- -------------------------------------------------------------------------------
NUMBER OF SHARES              (5) SOLE VOTING POWER
 BENEFICIALLY                           53,501
 OWNED BY                    --------------------------------------------------
 EACH REPORTING               (6) SHARED VOTING POWER
 PERSON WITH                           395,287
                             --------------------------------------------------
                              (7) SOLE DISPOSITIVE POWER
                                       53,501
                             --------------------------------------------------
                              (8) SHARED DISPOSITIVE POWER
                                       395,287
- -------------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
         448,788
- -------------------------------------------------------------------------------
(10) CHECK BOX IF A THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
    /x/ (Shares held of record by other Individual General Partners excluded.)
- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
         3.3%
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
         IN
- -------------------------------------------------------------------------------
                    *SEE INSTRUCTION BEFORE FILLING OUT!


                                  Page 3 of 8 pages
<PAGE>
CUSIP No. 29264K 10 5                13G                 Page  4  of  8  Pages
          -----------                                         ---    --- 

- -------------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO OF ABOVE PERSON

               Elwood D. Howse, Jr.           ###-##-####
- -------------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER     (a)  /x/
     OF A GROUP*                               (b)  / /
- -------------------------------------------------------------------------------
 (3) SEC USE ONLY

- -------------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
              USA
- -------------------------------------------------------------------------------
NUMBER OF SHARES              (5) SOLE VOTING POWER
 BENEFICIALLY                          29,555
 OWNED BY                    --------------------------------------------------
 EACH REPORTING               (6) SHARED VOTING POWER
 PERSON WITH                           395,287
                             --------------------------------------------------
                              (7) SOLE DISPOSITIVE POWER
                                       29,555
                             --------------------------------------------------
                              (8) SHARED DISPOSITIVE POWER
                                       395,287
- -------------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
         424,842
- -------------------------------------------------------------------------------
(10) CHECK BOX IF A THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
    /x/ (Shares held of record by other Individual General Partners excluded.)
- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
         3.1%
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
         IN
- -------------------------------------------------------------------------------
                    *SEE INSTRUCTION BEFORE FILLING OUT!


                                  Page 4 of 8 pages
<PAGE>
CUSIP No. 29264K 10 5                13G                 Page  5  of  8  Pages
          -----------                                         ---    --- 

- -------------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO OF ABOVE PERSON

               Wayne C. Wager           ###-##-####
- -------------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER     (a)  /x/
     OF A GROUP*                               (b)  / /
- -------------------------------------------------------------------------------
 (3) SEC USE ONLY

- -------------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
              USA
- -------------------------------------------------------------------------------
NUMBER OF SHARES              (5) SOLE VOTING POWER
 BENEFICIALLY                          7,911
 OWNED BY                    --------------------------------------------------
 EACH REPORTING               (6) SHARED VOTING POWER
 PERSON WITH                           395,287
                             --------------------------------------------------
                              (7) SOLE DISPOSITIVE POWER
                                       7,911
                             --------------------------------------------------
                              (8) SHARED DISPOSITIVE POWER
                                       395,287
- -------------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
         403,198
- -------------------------------------------------------------------------------
(10) CHECK BOX IF A THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
    /x/ (Shares held of record by other Individual General Partners excluded.)
- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
         3.0%
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
         IN
- -------------------------------------------------------------------------------
                    *SEE INSTRUCTION BEFORE FILLING OUT!


                                  Page 5 of 8 pages
<PAGE>

CUSIP No. 29264K 10 5                13G                 Page  6  of  8  Pages
          -----------                                         ---    ---

ITEM 4   OWNERSHIP

ITEM 4(a) IS AMENDED AS FOLLOWS:
         AMOUNT BENEFICIALLY OWNED:  As of December 31, 1996, CH Partners III
         owned 395,287 shares of common stock of the Issuer.  As of December
         31, 1996, Thomas J. Cable owned 23,501 shares of common stock of the
         Issuer, and stock options of the Issuer which when fully exercised
         would result in the acquisition of an additional 30,000 shares of the
         Issuer's common stock for a total of 53,501 shares.  As of December
         31, 1996, Elwood D. Howse, Jr., owned 29,555 shares of commons stock
         of the Issuer.  As of December 31, 1996, Wayne C. Wager owned 7,911
         shares of common stock of the Issuer.

ITEM 4(c) IS AMENDED AS FOLLOWS:
         VOTING AND DISPOSITION:  Thomas J. Cable has the sole power to vote
         and to dispose of the 23,501 shares of common stock that are owned by
         him, and stock options of the Issuer which when fully exercised would
         result in the acquisition of an additional 30,000 shares of the
         Issuer's common stock for a total of 53,501 shares.  Elwood D. Howse,
         Jr., has the sole power to vote and to dispose of the 29,555 shares of
         common stock that are owned by him.  Wayne C. Wager has the sole power
         to vote and to dispose of the 7,911 shares of common stock that are
         owned by him.  Thomas J. Cable, Elwood D. Howse, Jr., and Wayne C.
         Wager, as General Partners of CH Partners III, share the power to vote
         and to dispose of the 395,287 shares of common stock that are owned by
         CH Partners III.

ITEM 5 IS AMENDED AS FOLLOWS:
         OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:  If this statement is
         being filed to report the fact that as of the date hereof the
         reporting person(s) has/have ceased to be the beneficial owner of more
         than five percent of the class of securities, check the following /x/

ITEM 8 IS AMENDED AS FOLLOWS:
         IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP:  A Joint
         Filing Agreement between the Reporting Persons is attached hereto as
         Exhibit A.


                                  Page 6 of 8 pages
<PAGE>

CUSIP No. 29264K 10 5                13G                 Page  7  of  8  Pages
          -----------                                         ---    --- 


                                       ITEM 10.

    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 of 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 my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.



Date:  February 9, 1997
      ----------------




- ----------------------------------------
THOMAS J. CABLE, GENERAL PARTNER




- ----------------------------------------
ELWOOD D. HOWSE, JR., GENERAL PARTNER




- ----------------------------------------
WAYNE C. WAGER, GENERAL PARTNER


                                  Page 7 of 8 pages

<PAGE>

CUSIP No. 29264K 10 5                                    Page  8  of  8  Pages
          -----------                                         ---    --- 

                                      EXHIBIT A




                                JOINT FILING AGREEMENT

In accordance with rule 13d-1(f) promulgated under the Securities Exchange Act
of 1934, as amended, the persons named below agree to the joint filing on behalf
of all of them of a Statement on Schedule 13G, including amendments thereto,
with respect to the Common Stock of ENDOSONICS CORPORATION, and further agree
that this Joint Filing Agreement may be included as an exhibit to such joint
filing.  Each party to this Joint Filing Agreement expressly authorizes any
other party to file on its behalf any and all amendments to such Statement on
Schedule 13G.

In Witness Whereof, the undersigned, being duly authorized, hereby execute this
Agreement this 9TH DAY OF FEBRUARY, 1997.


CH PARTNERS III




- ----------------------------------------
BY ELWOOD D. HOWSE, JR., GENERAL PARTNER




- ----------------------------------------
ELWOOD D. HOWSE, JR.




- ----------------------------------------
THOMAS J. CABLE




- ----------------------------------------
WAYNE C. WAGER


                                  Page 8 of 8 pages


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