Form: 4

Statement of changes in beneficial ownership of securities

January 12, 1998

4: Statement of changes in beneficial ownership of securities

Published on January 12, 1998



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

FORM 4

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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: Louis-Dreyfus, Robert

Street: c/o John Hogan, Jr., Dewey Ballentine, 1301 Ave. of the Americas


City, State, Zip: New York, NY 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: December 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 12/03/97 X 645,181 A $4.08
(2) Common Stock 12/9/97 J(1) A $18.50
162

(3) Common Stock 12/9/97 J(1) 154 A $19.50



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 I As controlling
shareholder of direct
owner Gallium
Enterprises Inc.
(2) Common Stock D

(3) Common Stock 1,217,510 D


(1) Grant pursuant to Directors' Stock Award Plan

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 Warrant (right to buy) $4.08 12/03/97 X 645,181



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 Warrant (right to buy) Immed. 5/01/01 Common Stock 645,181



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 Warrant (right to buy) 0 I As trustee of
direct owner,
The AER 1997
Trust



Explanation of Responses:
Name of Reporting Person: Robert Louis-Dreyfus
By /s/ Thomas G. Werthan January 9, 1997
**Signature of Reporting Person Date
Name: Thomas G. Werthan
Title: Attorney-in-Fact

** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 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 provided is insufficient, see Instruction 6 for
procedure.

Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays a
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