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
Brown, Jr., Ronald D.
740 North Market
Shreveport, LA 71107
USA
2. Date of Event Requiring Statement (Month/Day/Year)
5/19/97
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
The Shaw Group Inc.
SGR
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
President of Shaw Products & Services, Inc.
6. If Amendment, Date of Original (Month/Day/Year)
05/29/97
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
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Table I -- Non-Derivative Securities Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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<S> <C> <C> <C>
COMMON STOCK |93,054 |D | |
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
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<S> <C> <C> <C> <C> <C> <C> <C>
EMPLOYEE STOCK OPTION PL|4/05/97* |4/05/06 |COMMON STOCK |35,000 |$19.50 |D | |
AN (RIGHT TO BUY) | | | | | | | |
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Explanation of Responses:
* OPTION GRANTED UNDER THE COMPANY'S 1993 EMPLOYEE STOCK OPTION PLAN THAT
VESTS IN FOUR EQUAL
ANNUAL INSTALLMENTS COMMENCING
4/05/97.
SIGNATURE OF REPORTING PERSON
/s/ Ronald D. Brown, Jr.
DATE
August 1, 1997