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
Robert J. Suttman, II
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
3/00
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)
X Form filed by One Reporting Person
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 3/1/00 J*** 75,000* 9/26/97 6/30/00 Common 8,571*
Subordinated Stock
Debentures
(10% Coupon)
Convertible $8.75 3/20/00 J*** 10,000* 9/26/97 6/30/00 Common 1,143*
Subordinated Stock
<PAGE>
Debentures
(10% Coupon)
Convertible $8.75 3/27/00 J*** 25,000* 9/26/97 6/30/00 Common 2,857*
Subordinated Stock
Debentures
(10% Coupon)
</TABLE>
<TABLE>
<S> <C> <C> <C>
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)
$100 385,643* I **
</TABLE>
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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 March 1, 2000, March 20, 2000, and March 27, 2000, Eubel
Brady & Suttman Asset Management, Inc. distributed in kind
75,000, 10,000, and 25,000 shares respectively of the
Issuer's Convertible Subordinated Debentures (10% coupon)
to these of its investment advisory clients who terminated
their relationship with Euble Brady & Suttman Asset
Management, Inc.
Signature of Reporting Person:
/s/ Robert J. Suttman II
__________________________
Robert J. Suttman II
Date: June 8, 2000
**** 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.AG0
