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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 and 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)
People's Choice TV Corp.
_________________________________________________________________
(Name of Issuer)
Common Stock
_________________________________________________________________
(Title of Class of Securities)
710847104
_________________________________________________________________
(CUSIP Number)
________________________________
CUSIP No. 710847104 Page 2 of 4 Pages
_________________________________________________________________
1) Name of Reporting Person BCI Growth III, L.P.
S.S. or I.R.S. Identification
No. of Above Person
_________________________________________________________________
2) Check the Appropriate Box (a) [ ]
if a Member of a Group (b) [ ]
_________________________________________________________________
3) SEC Use Only
_________________________________________________________________
4) Citizenship or Place Delaware
of Organization
_________________________________________________________________
Number of 5) Sole Voting 971,974 shares of
Shares Beneficially Power Common Stock
Owned by Each
Reporting Person
With:
________________________________________
6) Shared Voting
Power -0-
________________________________________
7) Sole Disposi- 971,974 shares of
tive Power Common Stock
________________________________________
8) Shared Dis-
positive Power -0-
________________________________________
9) Aggregate Amount Beneficially 971,974 shares of
Owned by Each Reporting Person Common Stock
_________________________________________________________________
10) Check if the Aggregate
Amount in Row (9)
Excludes Certain Shares
_________________________________________________________________
11) Percent of Class
Represented by 7.5%
Amount in Row (9)
_________________________________________________________________
12) Type of Reporting
Person PN
CUSIP No. 710847104 Page 3 of 4 Pages
Amendment No. 3 to Schedule 13G
_______________________________
Reference is hereby made to the statement on Schedule 13G
originally filed with the Securities and Exchange Commission on February
18, 1994, Amendment No. 1 thereto filed on January 22, 1996 and Amendment
No. 2 thereto filed on February 11, 1997 (as so amended, the "Schedule
13G"). Terms used in the Schedule 13G are used herein as so defined.
The Schedule 13G is hereby amended as follows:
Item 4 - Ownership.
(a) Amount Beneficially Owned:
971,974 shares of Common Stock
(b) Percent of Class:
7.5%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
971,974 shares of Common Stock
(ii) shared power to vote or to direct the vote:
-0-
(iii) sole power to dispose or to direct the dispo-
sition of:
971,974 shares of Common Stock
(iv) shared power to dispose or to direct the
disposition of:
-0-
CUSIP No. 710847104 Page 4 of 4 Pages
Signature:
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
BCI GROWTH III, L.P.
By Teaneck Associates, L.P.,
General Partner
By /s/ Ted Horton
_________________________________
General Partner
Date: February 9, 1998