SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 1)


Recoton Corporation
(Name of Issuer)


Common Stock
(Title of Class of Securities)


756268108
(CUSIP Number)


                                                                   
Check the following box if a fee              /  /
    is being paid with this statement    
                                                                   
(A fee is not required only if the filing person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent
of the class of securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial ownership of five
percent or less of such class.) (See Rule 13d-7.)

*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") of 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 pages)

Page 1 of 4  Pages


- ----------------------------              -------------------------
Cusip No. 75628108                 13G     Page 2 of 4 Pages
- ----------------------------              -------------------------
- -------------------------------------------------------------------
1.  NAME OF REPORTING PERSON
    S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
    OppenheimerFunds, Inc.

   I.R.S. NO. 13-2527171
- -------------------------------------------------------------------
2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *

                    A /   /

                    B / X /
- -------------------------------------------------------------------
3.  SEC USE ONLY
- -------------------------------------------------------------------
4.  CITIZENSHIP OR PLACE OF ORGANIZATION

    Colorado
- -------------------------------------------------------------------
NUMBER OF           5.  SOLE VOTING POWER
SHARES                  0
BENEFICIALLY        -----------------------------------------------
OWNED BY            6.  SHARED VOTING POWER
EACH                    0
REPORTING           -----------------------------------------------
PERSON WITH         7.  SOLE DISPOSITIVE POWER
                        0
                    -----------------------------------------------
                    8.  SHARED DISPOSITIVE POWER
                        0
- -------------------------------------------------------------------
9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    0
- -------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
    SHARES *
- -------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
    0%
- -------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
    IA
- -------------------------------------------------------------------

* SEE INSTRUCTIONS BEFORE FILLING OUT!


SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934

Check the following box if a fee 
         is being paid with this statement  /  /

Item 1(a)             Name of Issuer:
                      Recoton Corporation

Item 1(b)             Address of Issuer's Principal Executive Offices:
                      2950 Lake Emma Road
                      Lake Mary, Florida  32746
                      
Item 2(a)             Name of Person Filing:
                      OppenheimerFunds, Inc.

Item 2(b)             Address of Principal Business Office:
                      Two World Trade Center, Suite 3400
                      New York, New York 10048-0203

Item 2(c)             Citizenship:
                      Inapplicable

Item 2(d)             Title of Class of Securities:
                      Common Stock

Item 2(e)             CUSIP Number:
                      756268108

Item 3(e)              X  Investment Adviser registered under Section 203 of
                          the Investment Advisers Act of 1940

Item 4(a)             Amount Beneficially Owned:  0 shares

Item 4(b)             Percent of Class:  0%

Item 4(c)(i)          Sole Power to vote or to direct the vote -  0

Item 4(c)(ii)         Shared power to vote or to direct the vote - 0

Item 4(c)(iii)        Sole power to dispose or to direct the disposition of
                      - 0

Item 4(c)(iv)         Shared power to dispose or to direct the disposition
                      of - 0 shares

Item 5                Ownership to Five Percent or Less of a Class:

                      If this statement is being filed to report the fact
                      that as of the date hereof, the reporting person has
                      ceased to be the beneficial owner of more than 5% of
                      the class of securities, check the following:     X

Item 6                Ownership of More than Five Percent on Behalf of
                      Another Person:
                      Inapplicable

Item 7                Identification and Classification of the Subsidiary
                      Which Acquired the Security Being Reported on By the
                      Parent Holding Company:
                      Inapplicable

Item 8                Identification and Classification of Members of the
Group:
                      Inapplicable
        
Item 9                Notice of Dissolution of Group:
                      Inapplicable
            
Item 10               Certification:
                      By signing below, I certify that, to the best of my
                      knowledge and belief, the securities referred to above
                      were acquired in the ordinary course of business and
                      were not acquired for the purpose of and do not have
                      the effect of changing or influencing the control of
                      the issuer of such securities and were not acquired in
                      connection with or as a participant in any transaction
                      having such purpose or effect.

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 9, 1996

Signature:            /s/ Merryl Hoffman
                      -----------------------------------    
Name/Title:           Merryl Hoffman, Vice President

February 8, 1996