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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. ___)*
Michigan Brewery, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
594194-20-1
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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 l; 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).
SEC 1745 (2/92) Page 1 of 6 pages
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CUSIP No. 594194-20-1 13G Page 2 of 6 Pages
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF 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
5 SOLE VOTING POWER
NUMBER OF 388,000
SHARES 6 SHARED VOTING POWER
0
BENEFICIALLY
OWNED BY 7 SOLE DISPOSITIVE POWER
1,112,700
EACH
REPORTING
PERSON 8 SHARED DISPOSITIVE POWER
0
WITH
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
512,700
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.9%
12 TYPE OF REPORTING PERSON*
IA
SEC 1745 (2/92) Page 2 of 6 pages
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CUSIP No. 594194-20-1 13G Page 3 of 6 Pages
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Perkins Opportunity Fund
IRS ID No.: 13-3682185
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
5 SOLE VOTING POWER
NUMBER OF 0 (Refer to page 1 of 2, Item 5)
SHARES 6 SHARED VOTING POWER
0
BENEFICIALLY
OWNED BY 7 SOLE DISPOSITIVE POWER
0 (Refer to page 1 of 2, Item 7)
EACH
REPORTING
PERSON 8 SHARED DISPOSITIVE POWER
0
WITH
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
600,000
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.6%
12 TYPE OF REPORTING PERSON*
IA
SEC 1745 (2/92) Page 3 of 6 pages
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CUSIP No. 594194-20-1 13G Page 4 of 6 Pages
Item 1.
(a) Name of Issuer
Michigan Brewery, Inc.
(b) Address of Issuer's Principal Executive Offices
1999 Walden Dr.
Gaylord, MI 49735
Item 2.
(a) Name of Person Filing
Perkins Capital Management, Inc.
The Perkins Opportunity Fund
(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
594194-20-1
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)(19) of the act
(d) /__/ Investment Company registered under section 8 of the
Investment Company Act
(e) /X_/ Perkins Capital Management, Inc. is a registered Investment
Adviser and serves as Investment Adviser to The Perkins
Opportunity Fund, including voting and dispositive power
with respect to The Perkins Opportunity Fund's portfolio
holdings. The Perkins Opportunity Fund is a series of
Professionally Managed Portfolios, a registered open end
company.
(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-l(b)(l)(ii)(F)
SEC 1745 (2/92) Page 4 of 6 pages
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CUSIP No. 594194-20-1 13G Page 5 of 6 Pages
(g) /__/ Parent Holding Company, in accordance with
240.13d-l(b)(ii)(G) (Note: See Item 7)
(h) /__/ Group, in accordance with 240.13d-l(b)(l)(ii)(H)
Item 4. Ownership
If the percent of the class owned, as of December 31 of the year
covered by the statement, or as of the last day of any month described in
Rule 13d-l(b)(2), if applicable, exceeds five percent, provide the
following information as of that date and identify those shares which
there is a right to acquire.
(a) The amount beneficially owned is 1,112,700 shares of common. This
includes 257,600 shares of common owned by the clients of Perkins
Capital Management, Inc., 255,100 warrants, exerciseable within
60 days, held for the clients of Perkins Capital Management,
Inc., 300,000 shares of common owned by The Perkins Opportunity
Fund, 300,000 warrants exerciseable within 60 days, held by The
Perkins Opportunity Fund. Perkins Capital Management, Inc.
disclaims beneficial interest in the Perkins Opportunity Fund
shares.
(b) The percent of class is 21.5%. This includes a percentage of
class of 9.9% by clients of Perkins Capital Management, Inc. and
11.6% by The Perkins Opportunity Fund.
(c) Number of shares as to which such person has:
(i) Perkins Capital Management, Inc. has the sole power to vote
388,000 common shares, including the 300,000 common shares
owned by The Perkins Oppotunity Fund.
(ii) There are zero shares with shared power to vote.
(iii) Perkins Capital Management, Inc. has the sole power to
dispose of 1,112,700 common shares (includes 555,100
warrants exercisable within 60 days).
(iv) There are zero shares with shared power to dispose.
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
Not Applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
SEC 1745 (2/92) Page 5 of 6 pages
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CUSIP No. 594194-20-1 13G Page 6 of 6 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.
July 9, 1996
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By Richard C. Perkins
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Signature
Richard C. Perkins, CFA Vice President
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Name/Title
SEC 1745 (2/92) Page 6 of 6 pages
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SCHEDULE 13G
JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(f)(1)
This agreement is made pursuant to Rule 13d-1(f)(1) under the Securities
Exchange Act of 1934 (the "ACT") by and among the parties listed below,
each referred to herein as a "Joint Filer." The Joint Filers agree that a
statement of beneficial ownership as required by Section 13(d) of the Act
and the Rules thereunder may be filed on each of their behalf on Schedule
13D or Schedule 13G as appropriate and that said joint filing may
thereafter be amended by further joint filings. The Joint Filers state
that to the best of their knowledge and belief they each satisfy the
requirements for making a joint filing under Rule 13d-1.
July 9, 1996
/s/ Richard C. Perkins /s/ Steven J. Paggioli
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Perkins Capital Management, Inc. Perkins Opportunity Fund Series
Richard C. Perkins Professionally Managed Portfolio
Steven J. Paggioli
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