PERKINS CAPITAL MANAGEMENT INC ET AL
13F-E/A, 1998-02-06
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                       SECURITIES AND EXCHANGE COMMISSION                                                                         
                                   FORM 13F-E                                                                                     
                                                                                                                                  
                                                                                                                                  
Report for the Calendar Year or Quarter Ended:    12/31/1997    AMENDMENT 00                                                      
                                                                                                                                  
                                                                                                                                  
Institutional Investment Manager:                                                                                                 
                                                                                                                                  
PERKINS CAPITAL MANAGEMENT, INC.                                                                                                  
730 EAST LAKE STREET                                                                                                              
WAYZATA                                           MN            55391                                                             
                                                                                                                                  
                                                                                                                                  
I represent that I am authorized to submit this form and that all information                                                     
in this form and the attachments to it is true, correct and complete and I                                                        
understand that all required items, statements and schedules are integral                                                         
parts of this form and that the submission of any amendment represents that                                                       
all unamended items, statements and schedules remain true, correct and                                                            
complete as previously submitted.                                                                                                 
                                                                                                                                  
I am signing this report as required by the Securities Exchange Act of 1934.                                                      
                                                                                                                                  
                                                                                                                                  
Name, Title and Telephone Number of Person Submitting Report:                                                                     
                                                                                                                                  
    BRADLEY A. ERICKSON            VP/COO                       (612) 473-8367                                                    
                                                                                                                                  
                                                                                                                                  
Signature, Place and Date of Signing:                                                                                             
                                                                                                                                  
/s/ BRADLEY A. ERICKSON            WAYZATA                      MN    02/06/98                                                    
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
<PAGE>      PAGE   2                                                                                                              
                                                           VALUE    SHARES/ SH/ PUT/ INVSTMT            -----VOTING AUTHORITY-----
NAME OF ISSUER                 -TITLE OF CLASS- --CUSIP-- (x$1000)  PRN AMT PRN CALL DSCRETN -MANAGERS-      SOLE   SHARED    NONE
                                                                                                                                  
 ABBOTT LABS                   COM              002824100    996      14075 SH       SOLE                                    14075
 ACRES GAMING INC              COM              004936100     86      16450 SH       SOLE                                    16450
 AETRIUM INC                   COM              00817R103    843      53125 SH       SOLE                   4275             48850
 AFFYMETRIX INC                COM              00826T108   1994      71700 SH       SOLE                   4000             67700
 AIRTRAN HLDGS INC             COM              00949P108     41      10000 SH       SOLE                  10000                  
 AMERICAN EXPRESS CO           COM              025816109   1526      18237 SH       SOLE                   1375             16862
 AMERICAN HOME PRODS CORP      COM              026609107    254       2662 SH       SOLE                                     2662
 AMERICAN WAGERING INC         COM              030405104    668     100000 SH       SOLE                 100000                  
 AMERITECH CORP NEW            COM              030954101    404       9430 SH       SOLE                    400              9030
 AMETEK INC NEW                COM              031100100   2095      80400 SH       SOLE                  75000              5400
 ANCOR COMMUNICATIONS INC      COM              03332K108   2129     330800 SH       SOLE                  35000            295800
 ANGEION CORP                  COM              03462H107    783     261250 SH       SOLE                  20000            241250
 APPLEBEES INTL INC            COM              037899101    569      33650 SH       SOLE                   3500             30150
 APPLIANCE RECYCLING CTRS AMER COM              03814F005    242     124951 SH       SOLE                  91750             33201
 APPLIED BIOMETRICS INC        COM              03814L103    190      25000 SH       SOLE                  25000                  
 ARCHER DANIELS MIDLAND CO     COM              039483102    345      16398 SH       SOLE                                    16398
 ATS MED INC                   COM              002083103   4079     659250 SH       SOLE                 263650            395600
 BAB HLDGS INC                 COM              055176101    370     423700 SH       SOLE                   5250            418450
 BANCTEC INC                   COM              059784108    455      17800 SH       SOLE                   3000             14800
 BARRINGER TECHNOLOGIES INC    COM              068509603   5871     441059 SH       SOLE                 235409            205650
 BELLSOUTH CORP                COM              079860102    449       7424 SH       SOLE                   1250              6174
 BIG BUCK BREWERY & STEAKHOUSE COM              089072102   2424     484800 SH       SOLE                 352000            132800
 BIO VASCULAR INC              COM              090923103   2393     638300 SH       SOLE                 170750            467550
 BMC INDS INC MINN             COM              055607105    720      44325 SH       SOLE                   4400             39925
 BOSTON SCIENTIFIC CORP        COM              101137107   1015      20000 SH       SOLE                                    20000
 BRISTOL MYERS SQUIBB CO       COM              110122108   1225      12295 SH       SOLE                    200             12095
 BT OFFICE PRODS INTL INC      COM              055816102   1131     100000 SH       SOLE                 100000                  
 C H ROBINSON WORLDWIDE INC    COM              12541W100    650      28450 SH       SOLE                   1050             27400
 CALIFORNIA PRO SPORTS INC     COM              130551104    237     152000 SH       SOLE                                   152000
 CANTERBURY PARK HOLDING CORP  COM              13811E101    451     180500 SH       SOLE                 100000             80500
 CHECK TECHNOLOGY CORP         COM              162780100   1114     262150 SH       SOLE                  63500            198650
 CHICAGO PIZZA & BREWERY INC   COM              167889104    410     252500 SH       SOLE                 150000            102500
 CHILDRENS BROADCASTING CORP   COM              168755205   2417     758471 SH       SOLE                 308976            449495
 CHOICETEL COMMUNICATION INC   COM              17039H101    426     106500 SH       SOLE                  85000             21500
 CIPRICO INC                   COM              172529109  15911    1146800 SH       SOLE                 317325            829475
 CML GROUP INC                 COM              125820100    169      93500 SH       SOLE                   1500             92000
 CNS IN                        COM              126136100   5872     878098 SH       SOLE                 140548            737550
 CODA MUSIC TECHNOLOGY INC     COM              19188P108     33      49350 SH       SOLE                                    49350
 COMERICA INC                  COM              200340107    217       2300 SH       SOLE                                     2300
 COMPUTER NETWORK TECHNOL CP   COM              204925101    554     143000 SH       SOLE                   1500            141500
 CONAGRA INC                   COM              205887102    316       9966 SH       SOLE                                     9966
 CONCEPTUS INC                 COM              206016107    588     127200 SH       SOLE                  10400            116800
 CORVEL CORP                   COM              221006109   1394      37500 SH       SOLE                   3000             34500
 DATAKEY INC                   COM              237909106    159      53250 SH       SOLE                   2000             51250
 DAYTON HUDSON CORP            COM              239753106    667       9275 SH       SOLE                                     9275
 DELPHI INFORMATION SYS INC    COM              247171101   1876    2610500 SH       SOLE                2011000            559500
 DESTRON FEARING CORP          COM              250637105   1050     646300 SH       SOLE                 452500            193800
 DIAMETRICS MED INC            COM              252532106   3956     608650 SH       SOLE                 385600            223050
 DIGI INTL INC                 COM              253798102    788      34375 SH       SOLE                   3800             30575
 DIGITAL BIOMETRICS INC        COM              253833107   1752    1274600 SH       SOLE                 287500            987100
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
<PAGE>      PAGE   3                                                                                                              
                                                           VALUE    SHARES/ SH/ PUT/ INVSTMT            -----VOTING AUTHORITY-----
NAME OF ISSUER                 -TITLE OF CLASS- --CUSIP-- (x$1000)  PRN AMT PRN CALL DSCRETN -MANAGERS-      SOLE   SHARED    NONE
                                                                                                                                  
 EAGLE PAC INDS INC            COM              269719100    510     247372 SH       SOLE                 111942            135430
 EDUCATION ALTERNATIVES INC    COM              28139B100   3931     827600 SH       SOLE                 417500            410100
 ELECTRONIC PROCESSING INC     COM              285798104   2101     180800 SH       SOLE                   2500            178300
 E M C CORP MASS               COM              268648102    635      19506 SH       SOLE                                    19506
 EN POINTE TECHNOLOGIES INC    COM              29247F108   1865     213200 SH       SOLE                 182500             30700
 ENDOSONICS CORP               COM              29264K105    962     119400 SH       SOLE                   6150            113250
 EVEREST MED CORP              COM              299806109   3955    2531500 SH       SOLE                 843000           1688500
 EXXON CORP                    COM              302290101    229       3872 SH       SOLE                                     3872
 FAMOUS DAVES AMER INC         COM              307068106   2268     279250 SH       SOLE                 151600            127650
 FINGERHUT COS INC             COM              317867109   1438      64825 SH       SOLE                  10500             54325
 FIRST AMER BK CORP            COM              318906104   1361      14625 SH       SOLE                   8900              5725
 FOCAL INC                     COM              343909107    328      23050 SH       SOLE                                    23050
 FOURTH SHIFT CORP             COM              351128103   4085    1361887 SH       SOLE                 454138            907749
 FSI INTL INC                  COM              302633102   2770     232125 SH       SOLE                   9100            223025
 FTP SOFTWARE INC              COM              302660105     41      21500 SH       SOLE                                    21500
 FUNCO INC                     COM              360762108   1134      75000 SH       SOLE                  75000                  
 G & K SVCS INC                CL A             361268105   2809      66500 SH       SOLE                   1075             65425
 GALAGEN INC                   COM              362913105    863     431500 SH       SOLE                 362500             69000
 GATEWAY 2000 INC              COM              367833100   3863     102525 SH       SOLE                   5200             97325
 GENERAL ELEC CO               COM              369604103    698       9012 SH       SOLE                   5000              4012
 GENERAL MSL INC               COM              370334104    444       5975 SH       SOLE                                     5975
 GENUINE PARTS CO              COM              372460105    328       9894 SH       SOLE                   2250              7644
 GILLETTE CO                   COM              375766102    376       3825 SH       SOLE                                     3825
 GLOBAL ONE DISTR & MERCH INC  COM              378927107      6      50000 SH       SOLE                  50000                  
 GTE CORP                      COM              362320103    749      13760 SH       SOLE                   1700             12060
 HARMONY HOLDINGS INC          COM              413223108    413     210000 SH       SOLE                 200000             10000
 HEALTH FITNESS CORP           COM              42217V102   2347    1633050 SH       SOLE                 619500           1013550
 HERSHEY FOODS CORP            COM              427866108    904      14200 SH       SOLE                   2000             12200
 HORIZON PHARMACIES INC        COM              439902107    604      75000 SH       SOLE                  67500              7500
 HOTEL DISCOVERY INC           COM              441403102   1254     358500 SH       SOLE                 226000            132500
 HOUSEHOLD INTL INC            COM              441815107    685       5505 SH       SOLE                    750              4755
 HUTCHINSON TECHNOLOGY INC     COM              448407106   1975      78637 SH       SOLE                  12625             66012
 IVI PUBG INC                  COM              450707104   5149    1752875 SH       SOLE                1061675            691200
 INNERDYNE INC                 COM              45764D102   4484    1708350 SH       SOLE                 533100           1175250
 INNOVATIVE GAMING CORP AMER   COM              45764F107    591     210300 SH       SOLE                 175000             35300
 INSIGNIA SYS INC              COM              45765Y105   2757    1842600 SH       SOLE                 879500            963100
 INTEGRATED SEC SYS INC        COM              45812J101    323     450000 SH       SOLE                 450000                  
 INTERVU INC                   COM              46114R106    144      16000 SH       SOLE                                    16000
 INTRANET SOLUTIONS INC        COM NEW          460939309    844     132400 SH       SOLE                 115000             17400
 ION LASER TECHNOLOGY INC      COM NEW          461909202    318     100000 SH       SOLE                 100000                  
 IWL COMMUNICATIONS INC        COM              450920103   1050     105000 SH       SOLE                 105000                  
 JOHNSON & JOHNSON             COM              478160104   1418      21190 SH       SOLE                   2400             18790
 KOALA CORP                    COM              499866101    420      26700 SH       SOLE                                    26700
 LAMAUR CORP                   COM              513233106    474     310000 SH       SOLE                 300000             10000
 LECTEC CORP                   COM              523251106   1281     269838 SH       SOLE                 167335            102504
 LIFECORE BIOMEDICAL INC       COM              532187101  12007     649035 SH       SOLE                  71300            577735
 LILLY ELI & CO                COM              532457108   2224      32900 SH       SOLE                                    32900
 LUCENT TECHNOLOGIES INC       COM              549463107    257       2915 SH       SOLE                    198              2717
 MBNA CORP                     COM              55262L100   4499     145722 SH       SOLE                  16143            129579
 MEDAMICUS INC                 COM              584027106   1620     648200 SH       SOLE                 183500            464700
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
<PAGE>      PAGE   4                                                                                                              
                                                           VALUE    SHARES/ SH/ PUT/ INVSTMT            -----VOTING AUTHORITY-----
NAME OF ISSUER                 -TITLE OF CLASS- --CUSIP-- (x$1000)  PRN AMT PRN CALL DSCRETN -MANAGERS-      SOLE   SHARED    NONE
                                                                                                                                  
 MEDI-JECT CORP                COM              583930102     78      50000 SH       SOLE                  50000                  
 MEDTRONIC INC                 COM              585055106   3475      68056 SH       SOLE                   3900             64156
 MERCK & CO INC                COM              589331107   1099       9366 SH       SOLE                   5200              4166
 METRIS COS INC                COM              591598107   1297      35000 SH       SOLE                  35000                  
 MGIC INVT CORP WIS            COM              552848103    385       5700 SH       SOLE                    400              5300
 MICHAEL FOOD IN NEW           COM              594079105    345      13837 SH       SOLE                                    13837
 MICRO COMPONENT TECH INC      COM              59479Q100   3162    1874150 SH       SOLE                 614500           1259650
 MICRON TECHNOLOGY INC         COM              595112103   1030      29812 SH       SOLE                   3575             26237
 MINNESOTA BREWING CO          COM              604005108    590     393450 SH       SOLE                 333100             60350
 MINNESOTA MNG & MFG CO        COM              604059105    665       7971 SH       SOLE                    750              7221
 NATIONAL COMPUTER SYS INC     COM              635519101   1195      34904 SH       SOLE                   5500             29404
 NEXSTAR PHARMACEUTICALS INC   COM              65333B106    264      26400 SH       SOLE                                    26400
 NORSTAN INC                   COM              656535101  10365     441080 SH       SOLE                 121000            320080
 NORTECH SYS INC               COM              656553104     55      12000 SH       SOLE                  12000                  
 NORWEST CORP                  COM              669380107   1360      37325 SH       SOLE                   4450             32875
 OCCIDENTAL PETE CORP DEL      COM              674599105    685      26900 SH       SOLE                   4000             22900
 ONELINK COMMUNICATIONS INC    COM              685676101    956    1391900 SH       SOLE                 609000            782900
 ORPHAN MED INC                COM              687303107   3301     539100 SH       SOLE                 197300            341800
 PAMIDA HLDGS CORP             COM              697642106     57      12200 SH       SOLE                  12200                  
 PAPER WAREHOUSE INC           COM              698941101   1418     231650 SH       SOLE                   1750            229900
 PATTERSON DENTAL CO           COM              703412106   4013      85500 SH       SOLE                  45550             39950
 PEPSICO INC                   COM              713448108    252       6999 SH       SOLE                                     6999
 PFIZER INC                    COM              717081103   6402      78317 SH       SOLE                   4900             73417
 PHOTRAN CORP                  COM              719404105    543     150000 SH       SOLE                 150000                  
 PPT VISION INC                COM              693519100    195      26536 SH       SOLE                                    26536
 PREMIS CORP                   COM              740583109     41      25400 SH       SOLE                                    25400
 PRINTWARE INC                 COM              742580103    625     192500 SH       SOLE                   2250            190250
 PROMEDCO MGMT CO              COM              74342L105   1396     150000 SH       SOLE                 150000                  
 RF MONOLITHICS INC            COM              74955F106    416      30000 SH       SOLE                  30000                  
 RSI SYS INC                   COM              749927109   1383     503050 SH       SOLE                 291600            211450
 RACOTEK INC                   COM              750091100   1700     800000 SH       SOLE                 500000            300000
 RAINFOREST CAFE INC           COM              75086K104   3185     284725 SH       SOLE                  15300            269425
 RAYTEL MED CORP               COM              755107109   1280     100400 SH       SOLE                 100000               400
 RAYTHEON CO                   COM              755111101    344       6600 SH       SOLE                   2000              4600
 REALITY INTERACTIVE INC       COM              756048104    350     933800 SH       SOLE                 276750            657050
 REALITY INTERACTIVE INC       UNIT EX 041100   756048203     19      35400 SH       SOLE                   2500             32900
 REGIS CORP MINN               COM              758932107   1379      49275 SH       SOLE                   2100             47175
 RELIASTAR FINL CORP           COM              75952U103    821      19800 SH       SOLE                   2500             17300
 RURAL CELLULAR CORP           CL A             781904107   1202     104550 SH       SOLE                   9650             94900
 SBC COMMUNICATIONS INC        COM              78387G103    248       3198 SH       SOLE                                     3198
 SECURE COMPUTING CORP         COM              813705100    628      66175 SH       SOLE                                    66175
 SENTRY TECHNOLOGY CORP        COM              81731K101    232     161763 SH       SOLE                   1500            160263
 SERVICEMASTER LTD PARTNERSHIP PUB PARTNER SH   817615107    296      10782 SH       SOLE                                    10782
 SHUFFLE MASTER INC            COM              825549108   1220     153800 SH       SOLE                 125000             28800
 SKYMALL INC                   COM              830859104    875     175000 SH       SOLE                 175000                  
 SOMATOGEN INC                 COM              834449100    127      29075 SH       SOLE                                    29075
 SOUTHWEST AIRLS CO            COM              844741108   1476      56644 SH       SOLE                   3075             53569
 SPANLINK COMMUNICATIONS INC   COM              846492106    288     121500 SH       SOLE                  42500             79000
 SPECTRANETICS CORP            COM              84760C107   2903     787450 SH       SOLE                  93500            693950
 SPECTRASCIENCE                COM NEW          84760E202   1780     385077 SH       SOLE                 263333            121744
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
<PAGE>      PAGE   5                                                                                                              
                                                           VALUE    SHARES/ SH/ PUT/ INVSTMT            -----VOTING AUTHORITY-----
NAME OF ISSUER                 -TITLE OF CLASS- --CUSIP-- (x$1000)  PRN AMT PRN CALL DSCRETN -MANAGERS-      SOLE   SHARED    NONE
                                                                                                                                  
 SPRINT CORP                   COM              852061100    200       3366 SH       SOLE                                     3366
 ST JUDE MED INC               COM              790849103   3125      96176 SH       SOLE                    300             95876
 SUPERVALU INC                 COM              868536103   2062      47000 SH       SOLE                   2800             44200
 TCF FINL CORP                 COM              872275102   4769     149350 SH       SOLE                 105350             44000
 TELIDENT INC                  COM NEW          879931301     19      15500 SH       SOLE                                    15500
 TEXAS INSTRS INC              COM              882508104   1386      25375 SH       SOLE                   1550             23825
 TIMBER LODGE STEAKHOUSE INC   COM              88708P104    477      84000 SH       SOLE                  10000             74000
 TIME WARNER INC               COM              887315109   1235      19245 SH       SOLE                   2000             17245
 U-SHIP INC                    COM PAR $0.004   90337N203     56     303606 SH       SOLE                  77000            226606
 UNICOMP INC                   COM PAR$.01NEW   90465L409   1805     267500 SH       SOLE                 230000             37500
 UOL PUBG INC                  COM              903196103    701      53997 SH       SOLE                  44571              9426
 UROLOGIX INC                  COM              917273104   2466     154175 SH       SOLE                   8100            146075
 US BANCORP DEL                COM              902973106   4254      38856 SH       SOLE                   3350             35506
 US WEST INC                   COM-COMMUNCTNS   912889102    778      16185 SH       SOLE                   2175             14010
 VIDEOLABS INC                 COM              92657R103    232     173250 SH       SOLE                  71500            101750
 WILSONS THE LEATHER EXPERTS   COM              972463103   1417     162050 SH       SOLE                  51000            111050
 WOODROAST SYSTEMS INC         COM NEW          979899309    394     360250 SH       SOLE                 299500             60750
 WORLDCOM INC GA               COM              98155K102    253       7072 SH       SOLE                   7072                  
 XATA CORP                     COM NEW          983882309    412      90500 SH       SOLE                                    90500
 ZOMAX OPTICAL MEDIA INC       COM              989929104   1136     101000 SH       SOLE                   1800             99200
 ZYMETX INC                    COM              989859103    646      75000 SH       SOLE                  75000                  
REPORT SUMMARY                171 DATA RECORDS                   0            0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED    
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