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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 PaFnjiR9ocUpZH+Za51e3+t0Ut5VWyM/qDZU2l9NWe/cPazrZOPzqDKxKiHZguVw
 J545cQ7VKJjiUbuGK5SkHg==

<SEC-DOCUMENT>0000823927-97-000044.txt : 19970328
<SEC-HEADER>0000823927-97-000044.hdr.sgml : 19970328
ACCESSION NUMBER:		0000823927-97-000044
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19970303
FILED AS OF DATE:		19970327
SROS:			NASD

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ELECTROSOURCE INC
		CENTRAL INDEX KEY:			0000823927
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		IRS NUMBER:				742466304
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-16323
		FILM NUMBER:		97565896

	BUSINESS ADDRESS:	
		STREET 1:		2809 INTERSTATE 35 SOUTH
		CITY:			SAN MARCOS
		STATE:			TX
		ZIP:			78666
		BUSINESS PHONE:		512/753 6500

	MAIL ADDRESS:	
		STREET 1:		2809 INTERSTATE 35 SOUTH
		CITY:			SAN MARCOS
		STATE:			TX
		ZIP:			78666
<REPORTING-OWNER>

COMPANY DATA:	
	COMPANY CONFORMED NAME:			ELECTROSOURCE INC
	CENTRAL INDEX KEY:			0000823927
	STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
<RELATIONSHIP>DIRECTOR
	IRS NUMBER:				742466304
	STATE OF INCORPORATION:			DE
	FISCAL YEAR END:			1231

FILING VALUES:
	FORM TYPE:		3

BUSINESS ADDRESS:	
	STREET 1:		2809 INTERSTATE 35 SOUTH
	CITY:			SAN MARCOS
	STATE:			TX
	ZIP:			78666
	BUSINESS PHONE:		512/753 6500

MAIL ADDRESS:	
	STREET 1:		2809 INTERSTATE 35 SOUTH
	CITY:			SAN MARCOS
	STATE:			TX
	ZIP:			78666
</REPORTING-OWNER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<TEXT>


             U.S. SECURITIES AND EXCHANGE COMMISSION
                    Washington, D.C.   20549
                                
     INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
                                
     Filed pursuant to Section 16(a) of the Securities Exchange
Act of 1934, Section 17(a) of the Public Utility Holding Company
Act of 1935 or Section 30(f) of the Investment Company Act of
1940


1.   Name and Address of Reporting Person:
          Richard E. Balzhiser
          560 Sand Hill Circle
          Menlo Park  CA   94025

2.   Date of Event Requiring Statement (Month/Day/Year)

          March 3, 1997

3.   IRS or Social Security Number of Reporting Person (Voluntary)

          000-00-0000

4.   Issuer Name and Ticker or Trading Symbol

          ELECTROSOURCE, INC.,     ELSI

5.   Relationship of Reporting Person to Issuer (Check all applicable)

     Yes   X    No ___   Director
     Yes ___   No ___    10% Owner
     Yes ___   No ___    Officer (give title below)
     Yes ___   No ___    Other (specify below)


  TABLE I - Non-Derivative Securities Acquired, Disposed of, or
                       Beneficially Owned
                                
1.   Title of Security (Instruction 4):

          Common Stock, $1.00 par value

2.   Amount of Securities Beneficially Owned (Instruction 4):

          None

3.   Ownership Form:  Direct (D) or Indirect (I) (Instructions 5):

          N/A

4.   Nature of Indirect Beneficial Ownership (Instruction 4):

          N/A


TABLE II - Derivative Securities Beneficially Owned (e.g., puts,
        calls, warrants, options, convertible securities)
                                
1.   Title of Derivative Security (Instruction 4):
          None
2.   Date of Exercisable and Expiration Date (Month/Day/Year):
     A.   Date Exercisable:
     B.   Expiration Date:

3.   Title and Amount of Underlying Securities (Instruction 4):
     A.   Title:
     B.   Amount or Number of Shares

4.   Conversion or Exercise Price of Derivative Security.

5.   Ownership Form of Derivative Security:  Direct (D) or Indirect (I)
     (Instruction 5):

11.  Nature of Indirect Beneficial Ownership (Instruction 5):

Explanation of Responses:


         /s/
Richard E. Balzhiser
(Signature of Reporting Person)**
 
Date:   March 26, 1997

** Intentional misstatements or omissions of facts constitute
     Federal Criminal Violations.

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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