FORM 5

U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

ANNUAL 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).  Form 3 Holding Reported.
Form 4 Transactions Reported.

1.  Name and Address of Reporting Person

   	French, Donald A.
   	425 Corporate Circle
   	Golden, CO  80401

2.  Issuer Name and Ticker or Trading Symbol

   	Unique Mobility, Inc. (UQM)

3.  IRS Identification Number of Reporting Person, if an entity (Voluntary)

   	###-##-####

4.  Statement for Month/Year

   	March 1999

5.  If Amendment, Date of Original (Month/Year)

   	N/A

6.  Relationship of Reporting Person to Issuer

   	Treasurer

7. Individual or Joint/Group Reporting

   Individual

TABLE I-Non-Derivative Securities Acquired, Disposed Of, or Beneficially Owned

1.  Title of Security (Instr. 3)

   	Line 1 - Common Stock

2.  Transaction Date (Month/Day/Year)

   	N/A

3.  Transaction Code (Instr. 8)

   	N/A

4.  Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)

   	N/A

5.  Amount of Securities Beneficially Owned at End of Issuer's Fiscal Year
    (Instr. 3 and 4)

   	Line 1 - 68,041 shares

6.  Ownership Form:  Direct (D) or Indirect (I)  (Instr. 4)

   	All holdings are indirect

7.  Nature of Indirect Beneficial Ownership (Instr. 4)

    57,041 shares indirectly by a limited partnership of which Mr. French is
    the General Partner and 11,000 shares indirectly by a trust for the
    benefit of Mr. French 


TABLE II-Derivative Securities Acquired, Disposed Of, or Beneficially Owned
         (e.g., Puts, Calls, Warrants, Options, Convertible Securities)  

1.  Title of Derivative Security (Instr. 3)

   	Line 1 - Call option
   	Line 2 - Call option
   	Line 3 - Call option

2.  Conversion or Exercise Price of Derivative Security

   	Line 1 - $4.38
   	Line 2 - $4.38
   	Line 3 - $4.38

3.  Transaction Date (Month/Day/Year)

   	Line 1 - March 23, 1999
   	Line 2 - March 23, 1999
   	Line 3 - March 23, 1999

4.  Transaction Code (Instr. 8)

   	Line 1 - Code:  A
   	Line 2 - Code:  A
   	Line 3 - Code:  A

5.  Number of Derivative Securities Acquired (A) or Disposed of (D)
    (Instr. 3, 4 and 5)

   	Line 1 - Amount:  20,174
   	Line 2 - Amount:  20,174
   	Line 3 - Amount:  20,173

6.  Date Exercisable and Expiration Date (Month/Day/Year)

   	Line 1 - Date exercisable: March 23, 2000; Expiration Date: March 22, 2009
    Line 2 - Date exercisable: March 23, 2001; Expiration Date: March 22, 2009
    Line 3 - Date exercisable: March 23, 2002; Expiration Date: March 22, 2009

7.  Title and Amount of Underlying Securities (Instr. 3 and 4)

   	Line 1 - Title of Underlying Securities: Common Stock; Amount: 20,174 shares
   	Line 2 - Title of Underlying Securities: Common Stock; Amount: 20,174 shares
   	Line 3 - Title of Underlying Securities: Common Stock; Amount: 20,173 shares

8.  Price of Derivative Security (Instr. 5)

   	N/A

9.  Number of Derivative Securities Beneficially Owned at End of Month
    (Instr. 4)

   	Line 3 - Amount:  415,571 shares

10. Ownership Form of Derivative Security:  Direct (D) or Indirect (I)
    (Instr. 4)

   	Indirect
	
11. Nature of Indirect Beneficial Ownership  (Instr. 4)

    Limited partnership of which Mr. French is the general partner

Explanation of Responses:  


**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.  See 18 U.S.C. 1001 and 15 U.S.C.  78ff(a)


     /s/ Donald A. French
**Signature of Reporting Person                         Date:  May 6, 1999