SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 15)*
Shopsmith, Inc.
________________
(Name of Issuer)
Common Shares, No Par Value
______________________________
(Title of Class of Securities)
825098 10 6
______________
(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).
(Continued on following page(s))
Page 1 of 5 Pages
<PAGE>
CUSIP NO. 825098 10 6
13G
Page 2 of 5 Pages
1 NAME OF REPORTING PERSON John R. Folkerth
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.S. # ###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) _
(b) _
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
503,388.1
6 SHARED VOTING POWER
33,507
7 SOLE DISPOSITIVE POWER
503,388.1
8 SHARED DISPOSITIVE POWER
33,507
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
536,895.1
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
19.9%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP No. 825098 10 6
Page 3 of 5 Pages
Item 1.
_______
(a) Name of Issuer:
Shopsmith, Inc.
(b) Address of Issuer's Principal Executive Offices:
6530 Poe Avenue
Dayton, Ohio 45414
Item 2.
_______
(a) Name of Person Filing:
John R. Folkerth
(b) Address of Principal Business Office:
6530 Poe Avenue
Dayton, Ohio 45414
(c) Citizenship:
United States of America
(d) Title of Class of Securities:
Common Shares, without par value
(e) CUSIP Number:
825098 10 6
Item 3. Rules 13d-1(b) or 13d-2(b) Statement.
_______ _____________________________________
Not applicable.
Item 4. Ownership.
_______ __________
Except as otherwise indicated, the following information concerning
ownership of Common Shares is given as of December 31, 1995:
<PAGE>
CUSIP No. 825098 10 6
Page 4 of 5 Pages
(a) Amount Beneficially Owned:
456,712.0 shares directly owned
34,166.0 shares covered by options exercisable within 60 days
33,507.0 shares owned indirectly (by spouse)
12,509.5 shares owned indirectly (401(k) Plan - as of 9/30/95)
_________
536,895.1 Total
(b) Percent of Class: 19.9%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
503,388.1 Common Shares
(ii) shared power to vote or to direct the vote:
33,507 Common Shares
(iii) sole power to dispose or to direct the disposition of:
503,388.1 Common Shares
(iv) shared power to dispose or to direct the disposition of:
33,507 Common Shares
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.
_______ ________________________________________________________________
Not applicable.
Item 7. Identification and Classification of the Subsidiary which Acquired
_______ __________________________________________________________________
the Security Being Reported on by the Parent Holding Company.
_____________________________________________________________
Not applicable.
<PAGE>
CUSIP No. 825098 10 6
Page 5 of 5 Pages
Item 8. Identification and Classification of Members of the Group.
_______ __________________________________________________________
Not applicable.
Item 9. Notice of Dissolution of Group.
_______ _______________________________
Not applicable.
Item 10. Certification.
________ ______________
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 12, 1996
/s/John R. Folkerth
JOHN R. FOLKERTH
PCN2608.HIG
