UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Energy Research Corporation
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(Name of Issuer)
Common Stock, par value $.0001 per share
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(Title of Class of Securities)
29271E 10 0
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(CUSIP Number)
September 9, 1997
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
___ Rule 13d-1(b)
___ Rule 13d-1(c)
_X_ Rule 13d-1(d)
* 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).
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CUSIP No. 29271E 10 0 Page 2 of 5 Pages
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1 Name of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
James D. Gerson
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2 Check the Appropriate Box if a Member of a Group (a) __
(See Instructions) (b) __
N/A
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3 SEC Use Only
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4 Citizenship or Place of Organization
U.S.
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5 Sole Voting Power
Number of 158,133 shares, 3.8%
Shares -----------------------------------------------------------
Beneficially 6 Shared Voting Power
Owned by
Each 15,800 shares, 0.4%
Reporting -----------------------------------------------------------
Person 7 Sole Dispositive Power
With
158,133 shares, 3.8%
-----------------------------------------------------------
8 Shared Dispositive Power
15,800 shares, 0.4%
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
210,333 shares
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares ____
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11 Percent of Class Represented by Amount in Row 9
5.09%
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12 Type of Reporting Person (See Instructions)
IN
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Item 1.
(a) Name of Issuer
Energy Research Corporation
(b) Address of Issuer's Principal Executive Offices
3 Great Pasture Road
Danbury, Connecticut 06813
Item 2.
(a) Name of Person Filing
James D. Gerson
(b) Address of Principal Business Office or, if none, Residence
c/o Fahnestock and Co.
780 3rd Avenue
New York, New York 10017
(c) Citizenship
U.S.
(d) Title of Class of Securities
Common Stock, par value $.0001 per share
(e) CUSIP Number
29271E 10 0
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b)or(c),
check whether the person filing is a:
Not applicable.
Item 4. Ownership
As of September 9, 1997, the reporting person was the "beneficial
owner" (as defined in Rule 13d-3 of Regulation 13D-G under the Securities
Exchange Act of 1934 (the "Exchange
Page 3 of 5
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Act") of over five percent of the outstanding shares of Common Stock of
Energy Research Corporation. The following information is provided as of January
26, 1999:
(a) Amount beneficially owned
210,333 shares of Common Stock, including 36,400 shares held
by the reporting person's wife as custodian for two minor
children and 15,800 shares held by a private foundation, of
which the reporting person is President and a Director.
The reporting person disclaims beneficial ownership of the
36,400 shares held by the reporting person's wife and the
15,800 shares held by the private foundation. In accordance
with Rule 13d-4 under the Exchange Act, the filing of this
Schedule 13G shall not be construed as an admission that the
reporting person is, for the purposes of Section 13(d) or
13(g) of the Exchange Act, the beneficial owner of any of the
36,400 shares held by the reporting person's wife or the
15,800 shares held by the private foundation.
(b) Percent of class
5.09% of the 4,135,873 outstanding shares of Common Stock.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
158,133 shares
(ii) Shared power to vote or to direct the vote
15,800 shares
(iii) Sole power to dispose or to direct the disposition of
158,133 shares
(iv) Shared power to dispose or to direct the disposition of
15,800 shares
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
Page 4 of 5
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Item 6. Ownership of More than Five Percent on Behalf of Another Person
As described above in Item 4(a), 36,400 shares are held by the
reporting person's wife as custodian for two minor children and 15,800 shares
are held by a private foundation. Such shares are subject to the rights of
others to receive or direct the receipt of dividends from, or proceeds from the
sale of, such shares.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company
Not applicable.
Item 8. Identification and Classification of Members of the Group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certifications
Not applicable.
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 3, 1999
/s/ James D. Gerson
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James D. Gerson
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