UNITED STATES
                        SECURITIES & EXCHANGE COMMISSION
                              Washington D.C. 20549


                                  SCHEDULE 13G


                    Under the Securities Exchange Act of 1934

                               (Amendment No. 7)*


                             Jaco Electronics, Inc.
                                (Name of Issuer)

                          Common Stock, $0.10 Par Value
                         (Title of Class of Securities)

                                   469783-10-4
                                 (CUSIP Number)

                                December 31, 1998
              Date of Event Which Requires Filing of this Statement


Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

                                 _ Rule 13d-1(b)
                                 _ Rule 13d-1(c)
                                 _ Rule 13d-1(d)


*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 the
disclosures provided in a prior cover page.

The information required in 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).





CUSIP No. 469783-10-4                                    13G


                                                     Page 4 of 4
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1 NAMES OF  REPORTING  PERSONS  I.R.S.  IDENTIFICATION  NOS.  OF  ABOVE  PERSONS
(ENTITIES ONLY)

Joel H. Girsky

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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 (a) _

 (b) _

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SEC USE ONLY                 

3
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4 CITIZENSHIP OR PLACE OF ORGANIZATION

United States                              
- -------------------------------------------------------------------------------


Number of
Shares
Beneficially
Owned By
Each
Reporting
Person
With
5 SOLE VOTING POWER
564,139 shares                                                             15.0%
- --------------------------------- ----- ---------------------------------------
 6     SHARED VOTING POWER
 0 shares                                                                     0%
- --------------------------------- ----- ---------------------------------------
                                 
7 SOLE DISPOSITIVE POWER 
564,139 shares                                                             15.0%

- --------------------------------- ----- ---------------------------------------
                               
8 SHARED DISPOSITIVE POWER 
0 shares                                                                      0%

- --------------------------------- ----- ---------------------------------------

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 564,139 shares

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10 CHECK BOX IF THE AGGREGATE  AMOUNT IN ROW (11) EXCLUDES  CERTAIN  SHARES (SEE
INSTRUCTIONS)                            
- -------------------------------------------------------------------------------

11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                      15.0%

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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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         This  statement  constitutes  Amendment  No.  7  to  the  Schedule  13G
previously  filed  by the  Reporting  Person.  No  changes  in  any  information
previously  reported  have  occurred,  except  as set  forth  in this  or  prior
Amendments.

Item 4.  Ownership.

         (a)      Amount Beneficially Owned:   564,139 shares(1)

         (b)      Percent of Class: 15.0%

         (c) Number of shares as to which such person has:

                                                                               
                  (i)      sole power to vote or to direct the vote:  564,139(1) shares
                  (ii)     shared power to vote or to direct the vote:  0 shares
                  (iii)    sole power to dispose or to direct the disposition of:  564,139(1) shares
                  (iv)     shared power to dispose or to direct the disposition of:  0 shares
        
- ------------------
1 Includes  96,799  shares of Common Stock  acquirable  pursuant to the
exercise of options granted under the Issuer's 1993  Non-Qualified  Stock Option
Plan (the "1993  NQOP")  and 25,000  shares of Common  Stock  awarded  under the
Issuer's  Restricted  Stock Plan. Does not include  non-qualified  stock options
granted under the 1993 NQOP, to acquire  100,000 shares of Common Stock that are
not exercisable within sixty days of the date hereof.






                                    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.


                                 Date February , 1999
                                 Signature Joel H. Girsky  
                                 Name/Title Joel H. Girsky



         The original  statement  shall be signed by each person on whose behalf
the  statement is filed or his  authorized  representative.  If the statement is
signed on behalf of a person by his  authorized  representative  (other  than an
executive  officer or general  partner of the filing  person),  evidence  of the
representative's  authority to sign on behalf of such person shall be filed with
the  statement,  provided,  however,  that a power of attorney  for this purpose
which is already on file with the Commission may be  incorporated  by reference.
The name and any title of each person who signs the statement  shall be typed or
printed beneath his signature.

Note:  Schedules  filed in paper format shall include a signed original and five
copies of the  schedule,  including all  exhibits.  See ss.  240.13d-7 for other
parties for whom copies are to be sent.


Attention:  Intentional  misstatements  or omissions of fact constitute  Federal
criminal violations (See 18 U.S.C. 1001).

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