Form: 4

Statement of changes in beneficial ownership of securities

May 9, 1997

4: Statement of changes in beneficial ownership of securities

Published on May 9, 1997


U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 4

OMB APPROVAL
OMB Number: 3235-0287
Expires: September 30, 1998
Estimated average burden hours per response: 0.5

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

( ) 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*
Last, First, Middle: Russell, Thomas J.
Street: c/o JLMP, 650 Fifth Avenue, 3rd Floor

City, State, Zip: New York, New York 10019
2. Issuer Name and Ticker or Trading Symbol: EMCORE Corporation - EMKR

3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year: April 1997
5. If Amendment, Date of Original (Month/Year)

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

( x ) 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

* If the form is filed by more than one reporting person, see Instruction
4(b)(v).




Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security 2. Transaction Date 3. Transaction 4. Securities Acquired (A)
(Instr. 3) (Month/Day/Year) Code or Disposed of (D)
(Instr. 8) (Instr. 3, 4, and 5)


(A) or
Code V Amount (D) Price


(1) Common Stock 4/01/97 P 6,500 A $11.63
shares
(2) Common Stock 4/09/97 P 5,000 A $11.38
shares

(3) Common Stock 4/10/97 P 5,000 A $11.38
shares
(4) Common Stock




Table I -- Continued

1. Title of Security 5. Amount of Securities 6. Ownership Form: 7. Nature of Indirect
(Instr. 3) Beneficially Owned Direct (D) or Beneficial Ownership
at End of Month Indirect (I) (Instr. 4)
(Instr. 3 and 4) (Instr. 4)

(1) Common Stock

(2) Common Stock
(3) Common Stock 190,775 D

(4) Common Stock 1,621,558 I As trustee of indirect
owner, The AER Trust, a
member of direct owner,
Jesup & Lamont Merchant
Partners, L.L.C.




Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.




Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv-
(Instr. 3) sion or action tion Code ative Securities
Exercise Date (Instr. 8) Acquired (A) or
Price of (Month/ Disposed of (D)
Deriv- Day/ (Instr. 3, 4 and 5)
ative Year)
Security



Code V (A) (D)


(1) Common Stock Warrants




Table II -- Continued

1. Title of Derivative Security 6. Date Exercisable and 7. Title and Amount of
(Instr. 3) Expiration Date Underlying Securities
(Month/Day/Year) (Instr. 3 and 4)
Amount or
Date Expiration Number of
Exercisable Date Title Shares


(1) Common Stock Warrants




Table II -- Continued

1. Title of Derivative Security 8. Price of 9. Number of 10. Ownership 11. Nature of
(Instr. 3) Derivative Derivative Form of Indirect
Security Securities Derivative Beneficial
(Instr. 5) Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect
(Instr. 4) (I)
(Instr. 4)

(1) Common Stock Warrants





Explanation of Responses:

Name of Reporting Person: Thomas J. Russell