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<SEC-DOCUMENT>0000897101-97-000157.txt : 19970222
<SEC-HEADER>0000897101-97-000157.hdr.sgml : 19970222
ACCESSION NUMBER:		0000897101-97-000157
CONFORMED SUBMISSION TYPE:	SC 13D
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19970214
SROS:			NONE

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PEERLESS INDUSTRIAL GROUP INC
		CENTRAL INDEX KEY:			0000746156
		STANDARD INDUSTRIAL CLASSIFICATION:	 [9995]
		IRS NUMBER:				411456350
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-36875
		FILM NUMBER:		97534388

	BUSINESS ADDRESS:	
		STREET 1:		2430 METROPOLITAN CENTER
		STREET 2:		333 S 7TH ST
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55402
		BUSINESS PHONE:		6023719650

	MAIL ADDRESS:	
		STREET 1:		2430 METROPOLITAN CTR
		STREET 2:		333 S 7TH ST
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55402

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DISCUS CORP
		DATE OF NAME CHANGE:	19920703

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PERKINS RICHARD W
		CENTRAL INDEX KEY:			0001030317
		STANDARD INDUSTRIAL CLASSIFICATION:	 []

	FILING VALUES:
		FORM TYPE:		SC 13D

	BUSINESS ADDRESS:	
		STREET 1:		730 EAST LAKE STREET
		CITY:			WAYZATA
		STATE:			MN
		ZIP:			55391
		BUSINESS PHONE:		6124738367
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D
<SEQUENCE>1
<TEXT>


                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13D
                                 (RULE 13d-101)

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                             (AMENDMENT NO._______)*


                         Peerless Industrial Group, Inc.
- --------------------------------------------------------------------------------
                                (Name of Issuer)


                                  Common Stock
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                   254680-10-1
               ---------------------------------------------------
                                 (CUSIP Number)

                              Brian D. Wenger, Esq.
                             Briggs and Morgan, P.A.
                                 2400 IDS Center
                              Minneapolis, MN 55402
                                 (612) 334-8417
- --------------------------------------------------------------------------------
                  (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications)


                                February 14, 1997
               ---------------------------------------------------
                      (Date of Event which Requires Filing
                               of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|.










- ---------------------------
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).

                        (Continued on following page(s))

                                   Page 1 of 4



- --------------------------------------            ------------------------------
CUSIP No.  254680-10-1                     13D        Page  2   of   4  Pages
          -------------------------                        ----    ----
- --------------------------------------            ------------------------------

- --------------------------------------------------------------------------------
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON


    Richard W. Perkins
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                (a) [ ]
                                                                (b) [ ]

- --------------------------------------------------------------------------------
3   SEC USE ONLY



- --------------------------------------------------------------------------------
4   SOURCE OF FUNDS*

    N/A

- --------------------------------------------------------------------------------
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 
    2(D) OR 2(E) [ ]


- --------------------------------------------------------------------------------
6   CITIZENSHIP OR PLACE OF ORGANIZATION

    United States


- --------------------------------------------------------------------------------
                                7          SOLE VOTING POWER

                                           109,000
                              --------------------------------------------------
          NUMBER OF             8          SHARED VOTING POWER                  
           SHARES                                                               
        BENEFICIALLY                       425,449                              
          OWNED BY                                                              
            EACH              --------------------------------------------------
          REPORTING             9          SOLE DISPOSITIVE POWER               
           PERSON                                                               
            WITH                           109,000                              
                                                                                
                              --------------------------------------------------
                                10         SHARED DISPOSITIVE POWER             
                                                                                
                                           425,449                              
- --------------------------------------------------------------------------------
11  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                
                                                                                
    534,449                                                                     
                                                                                
- --------------------------------------------------------------------------      
12  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]  
                                                                                
                                                                                
- --------------------------------------------------------------------------------
13  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                          
                                                                                
    10.4%                                                                       
                                                                                
- --------------------------------------------------------------------------------
14  TYPE OF REPORTING PERSON*                                                   
                                                                                
    IN                                                                          
                                                                                
- --------------------------------------------------------------------------------
                                                                                
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!



Item 1:           Security and Issuer

         The Name of the Issuer is Peerless Industrial Group, Inc. and the
address of its principal office is 2430 Metropolitan Centre, 333 South Seventh
Street, Minneapolis, Minnesota 55402. The title of the class of equity security
to which this statement relates is Common Stock. The Reporting Person
beneficially owns 534,449 shares of Common Stock.


Item 2:           Identity and Background

         (a)      Richard W. Perkins

         (b)      730 East Lake Street
                  Wayzata, Minnesota 55391

         (c)      President of Perkins Capital Management, Inc. and Director of
                  the Issuer

         (d)      The Reporting Person has not, during the last five years, been
                  convicted in a criminal proceeding (excluding traffic
                  violations or similar misdemeanors).

         (e)      The Reporting Person has not, during the last five years, been
                  a party to a civil proceeding of a judicial or administrative
                  body of competent jurisdiction and as a result of such
                  proceeding was or is subject to a judgment, decree or final
                  order enjoining further violation, or prohibiting activities
                  subject to federal or state securities laws or finding any
                  violation of such laws.

         (f)      United States


Item 3:           Source and Amount of Funds or Other Consideration

                  Not applicable.


Item 4:           Purpose of Transaction

         The Reporting Person acquired the shares of Common Stock of the Issuer
reported herein for investment purposes. The Reporting Person has no present
intention to purchase additional shares of Common Stock of the Issuer.

         The Reporting Person has no present plan or intention which would
result in or relate to any of the transactions described in subparagraphs (a)
through (j) of Item 4 of Schedule 13D.


                                   Page 3 of 4



Item 5:           Interest in Securities of the Issuer

         (a)      As of the date of this Schedule 13D, the Reporting Person
                  beneficially owned 534,449 shares of Common Stock constituting
                  approximately 10.4% of outstanding Common Stock of the Issuer.

         (b)      The Reporting Person has the sole power to vote or to direct
                  the vote and the sole power to dispose or to direct the
                  disposition of 109,000 shares of Common Stock of the Issuer
                  reported herein. The Reporting Person has shared power to vote
                  or to direct the vote of 425,449 shares of Common Stock of the
                  Issuer reported herein. Such shares are owned by the
                  management of Peerless Chain Company. The Reporting Person
                  disclaims beneficial ownership of the shares of Common Stock
                  of the Issuer reported on Schedule 13G by Perkins Capital
                  Management, Inc.

         (c)      Not applicable.

         (d)      Not applicable.

         (e)      Not applicable.


Item 6:           Contracts, Arrangements, Understandings or Relationships With
                  Respect to Securities of the Issuer

                  Not applicable.


Item 7:           Material to be Filed as Exhibits

                  Not applicable.


                                    SIGNATURE

         After reasonable inquiring and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.

                                                       Dated: February 14, 1997



                                                       /s/ Richard W. Perkins
                                                       -------------------------
                                                       Richard W. Perkins
                                                       Director


                                   Page 4 of 4

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