<PAGE>
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Mark E. Brady
c/o Eubel Brady & Suttman Asset Management, Inc.
7777 Washington Village Drive
Ste. 210
Dayton, Ohio 45459
2. Date of Event Requiring Statement (Month/Day/Year)
April 23, 1998
3. IRS Reporting Person
(Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Tower Tech, Inc.
TTMT
5. Relationship of Reporting Person(s) to Issuer (Check all
applicable)
( ) Director (X) 10% Owner ( ) Officer (give title
below) ( ) Other
(specify below)
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Check Applicable Line)
( ) Form filed by One Reporting Person
(X) Form filed by More than One Reporting Person
Table I -- Non-Derivative Securities Beneficially Owned
1. Title of Security 2. Amount of 3. Ownership 4. Nature of Indirect
Securities Form: Beneficial Ownership
Beneficially Direct(D) or
Owned Indirect(I)
Common Stock 72,500+ (I) General Partner or
Principal of
Investment Manager
<PAGE>
Table II -- Derivative Securities Beneficially Owned
<TABLE>
<S> <C> <C> <C> <C> <C>
1.Title of 2.Date Exer- 3.Title and Amount 4.Conver- 5.Ownership 6.Nature of
Derivative cisable and of Securities sion or Form of Indirect
Security Expiration Underlying Exercise Derivative Beneficial
Date Derivative Security Price of Security: Ownership
(Month/Day/ --------------- Deri- Direct(D) or
Year) Title Amount or vative Indirect (I)
--------------- Number of Security
Date Expira- Shares
Exer- tion
cisable Date
Convertible present 6/30/00 Common 324,889+ $9.00 (I) General Partner
Subordinated Stock or Principal of
Debentures Investment
(10% coupon)* Manager
<ps=8.
</TABLE>
EXPLANATION OF RESPONSES:
* Convertible Subordinated Debentures (10% coupon) are
convertible into Common Stock at any time at the option of the
holder.
+ The Reporting Persons disclaim beneficial ownership of these
securities except to the extent of their pecuniary interest
therein.
SIGNATURE OF REPORTING PERSON
/s/ Ronald L. Eubel
________________________
Ronald L. Eubel
/s/ Mark E. Brady
________________________
Mark E. Brady
DATE
June 26, 1998
2
<PAGE>
This Form 3 is also filed on behalf of:
Ronald L. Eubel
c/o Eubel Brady & Suttman Asset Management, Inc.
7777 Washington Village Drive
Ste. 210
Dayton, Ohio 45459
3
00843001.AC3
