EQSF ADVISERS INC ET AL
13F-E, 1997-02-13
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                       SECURITIES AND EXCHANGE COMMISSION                                                                         
                                   FORM 13F-E                                                                                     
                                                                                                                                  
                                                                                                                                  
Report for the Calendar Year or Quarter Ended:    12/31/96                                                                        
                                                                                                                                  
                                                                                                                                  
Institutional Investment Manager:                                                                                                 
                                                                                                                                  
EQSF ADVISERS, INC.                                                                                                               
767 THIRD AVENUE                                                                                                                  
NEW YORK                                          NY            10017                                                             
                                                                                                                                  
                                                                                                                                  
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                                 UNITED STATES                                                                                    
                       SECURITIES AND EXCHANGE COMMISSION                                                                         
                             Washington, D.C. 20549                                                                               
                                                                                                                                  
                                    FORM 13F                                                                                      
                                                                                                                                  
   INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT                                                             
TO SECTION 13(f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER                                                      
                                                                                                                                  
       Report for the Calendar Year or Quarter Ended December 31, 1996 .                                                          
                                                                                                                                  
If amended report check here: [ ]                                                                                                 
                                                                                                                                  
                               EQSF Advisers, Inc.                                                                                
                    ----------------------------------------                                                                      
                    Name of Institutional Investment Manager                                                                      
                                                                                                                                  
            767 Third Avenue       New York       N.Y.             10017                                                          
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Business Address  (Street)         (City)        (State)          (Zip)                                                           
                                                                                                                                  
Martin J. Whitman  (212) 888-6685  Chairman, Chief Executive Officer, President                                                   
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Name, Phone No., and Title of Person Duly Authorized to Submit This Report.                                                       
                                                                                                                                  
                                    ATTENTION                                                                                     
- --------------------------------------------------------------------------------                                                  
  Intentional misstatements or ommissions of facts constitute Federal Criminal                                                    
             Violations. See 18 U.S.C. 1001 AND 15 U.S.C. 78ff(a).                                                                
- --------------------------------------------------------------------------------                                                  
                                                                                                                                  
   The institutional investment manager submitting this Form and its attachments                                                  
and the  person  by whom it is  signed  represent  hereby  that all  information                                                  
contained  therein is true,  correct and  complete.  It is  understood  that all                                                  
required items,  statements and schedules are considered  integral parts of this                                                  
Form and that the  submission  of any  amendment  represents  that all unamended                                                  
items,  statements and schedules remain true, correct and complete as previously                                                  
submitted.                                                                                                                        
     Pursuant  to the  requirements  of  Securities  Exchange  Act of 1934,  the                                                  
undersigned institutional investment manager has caused this report to be signed                                                  
on its  behalf in the City of New York and the State of New York on the 13th day                                                  
of February, 1997.                                                                                                                
                                                                                                                                  
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                               EQSF Advisers, Inc.                                                                                
                   ------------------------------------------                                                                     
                   (Name of Institutional Investment Manager)                                                                     
                                                                                                                                  
                              /s/ Martin J. Whitman                                                                               
                   -------------------------------------------                                                                    
                   (Manual Signature of Person Duly Authorized                                                                    
                             to Submit This Report)                                                                               
                                                                                                                                  
Name and 13F file numbers of ALL Institutional  Investment Managers with respect                                                  
to which this schedule is filed (other than the one filing this report):  (List                                                   
in alphabetical order).                                                                                                           
                                                                                                                                  
13F File Numbers will be assigned to  Institutional  Investment  Managers  after                                                  
they file their first report.                                                                                                     
                                                                                                                                  
Name:                                 13F File No.:                                                                               
                                                                                                                                  
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                                    FORM 13F                                                                                      
                                                                                                                                  
Page 1 of 8       Name of Reporting Manager: EQSF Advisers, Inc.                                                                  
- --------------------------------------------------------------------------------                                                  
                                                                                                                                  
                                                                                                                                  
Name, Title and Telephone Number of Person Submitting Report:                                                                     
                                                                                                                                  
    MARTIN J. WHITMAN              PRESIDENT                    (212)888-6685                                                     
                                                                                                                                  
                                                                                                                                  
Signature, Place and Date of Signing:                                                                                             
                                                                                                                                  
/s/ MARTIN J. WHITMAN              NEW YORK                     NY    2/13/97                                                     
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
                                                                                                                                  
<PAGE>      PAGE   3                                                                                                              
                                                           VALUE    SHARES/ SH/ PUT/ INVSTMT            -----VOTING AUTHORITY-----
NAME OF ISSUER                 -TITLE OF CLASS- --CUSIP-- (x$1000)  PRN AMT PRN CALL DSCRETN -MANAGERS-      SOLE   SHARED    NONE
                                                                                                                                  
NIELSON HLDG CORP    COM        236274106     4,018,345     803,669     X                                     X                   
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