UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16. Form
4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person
Mark E. Brady
Ronald L. Eubel
c/o Eubel Brady & Suttman Asset Management, Inc.
7777 Washington Village Drive
Suite 210
Dayton, Ohio 45459
2. Issuer Name and Ticker or Trading Symbol
Tower Tech, Inc.
TTMT
3. IRS Number of Reporting Person (Voluntary)
4. Statement for Month/Year
6/99
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s)to Issuer (Check all
applicable)
( ) Director (X) 10% Owner ( ) Officer (give title
below) ( ) Other (specify below)
7. Individual or Joint/Group Filing (check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
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<TABLE>
<CAPTION>
TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
<S> <C> <C> <C> <C> <C> <C>
1. Title of Security| 2. Transaction| 3. Transaction| 4. Securities | 5. Amount of | 6. Ownership |7. Nature of |
(Instr. 3) | Date | Code | Acquired (A) | Securities | Form: | Indirect |
| | (Instr. 8) | or Disposed | Beneficially | Direct (D) | Beneficial|
| (Month/ | | of (D) | Owned at End | or Indirect| Ownership |
| Day/ | | (Instr. 3,4, | of Month | (I) | (Instr. 4)|
| Year) | | and 5) | (Instr. 3 and 4)| (Instr. 4) | |
| | | | |(A) or| | | | |
| | Code | V | Amount|(D) |Price| | | |
_________________________________________________________________________________________________________________________________
Common Stock 72,500* I **
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</TABLE>
<TABLE>
<CAPTION>
TABLE II -- DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
<S> <C> <C> <C> <C> <C> <C>
1. Title of | 2. Conver- | 3. Trans- | 4. Trans- | 5. Number of | 6. Date Exer- | 7. Title and Amount |
Derivative | sion or | action | action | Derivative | cisable and | of Underlying |
Security | Exercise | Date | Code | Securities | Expiration | Securities |
(Instr. 3) | Price of | (Month/ | (Instr. | Acquired | Date | (Instr. 3 and 4) |
| Deri- | Date/ | 8) | (A) or | (Month/Day/ | |
| vative | Year) | | Disposed of | Year) | |
| Security | | | (D) (Instr. | | |
| | | | 3, 4 and 5) | | |
| | |____________|_________________|___________________|_____________________|
| | | | | | | | | | |
| | | | | | | Date | Expira- | | Amount or |
| | | | | | | Exer- | tion | | Number of |
| | | Code | V | (A) | (D) | cisable | Date | Title | Shares |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
Convertible $8.75 6/18/99 J*** 45,000* 9/26/97 6/30/00 Common 5,143*
Subordinated Stock
Debentures
(10% Coupon)
</TABLE>
<TABLE>
<S> <C> <C> <C>
<PAGE>
8. Price of 9. Number of 10. Ownership 11. Nature of
Derivative derivative Form of Indirect
Security Securities Derivative Beneficial
(Instr. 5) Benefi- Security Ownership
cially Direct (D) (Instr. 4)
Owned at or Indirect
End of (I) (Instr.
Month 4)
(Instr. 4)
$100 2,857,000* I **
</TABLE>
<PAGE>
Explanation of Responses:
* The Reporting Persons disclaim beneficial ownership of
these securities except to the extent of their pecuniary
interest therein.
** General Partner or Principal of Investment Manager.
*** On June 18, 1999, Eubel Brady & Suttman Asset Management,
Inc. distributed in kind 45,000 shares of the Issuer's
Convertible Subordinated Debentures (10% coupon) to one of
its investment advisory clients.
Signature of Reporting Person:
/s/ Mark E. Brady
__________________________
Mark E. Brady
/s/ Ronald L. Eubel
__________________________
Ronald L. Eubel
Date: August 25, 1999
**** Intentional misstatements or omissions of facts constitute
Federal Criminal Violations. See U.S.C. 1001 and 15 U.S.C.
78ff(a).
Note: File three copies of this Form, one of which must be
manually signed. If space is sufficient, see Instruction 6 for
procedure.
00843001.AD7
