UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549




                                  SCHEDULE 13D

                    Under the Securities Exchange Act of 1934

                               (Amendment No. __)*




                                  BEL FUSE INC.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                 CLASS A COMMON STOCK, PAR VALUE $0.10 PER SHARE
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    077347201
- --------------------------------------------------------------------------------
                                 (CUSIP Number)

                              Laura R. Kuntz, Esq.
                              Lowenstein Sandler PC
                    65 Livingston Avenue, Roseland, NJ 07068
                                  973-597-2500
- --------------------------------------------------------------------------------
            (Name, Address and Telephone Number of Person Authorized
                     to Receive Notices and Communications)


                                  July 9, 1998
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             (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  that is the subject of this  Schedule  13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [ ].

Note:  Schedules  filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.

*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. 077347201

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

             Elliot Bernstein
- --------------------------------------------------------------------------------
(2)          CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP               

                        (a) [ ]
                        (b) [ ]

- --------------------------------------------------------------------------------
(3)          SEC USE ONLY


- --------------------------------------------------------------------------------
(4)          SOURCE OF FUNDS

             OO
- --------------------------------------------------------------------------------
(5)          CHECK 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
         NUMBER OF                                                     116,274*

                             ---------------------------------------------------
           SHARES             (8)      SHARED VOTING POWER
                                                                      132,200**
        BENEFICIALLY
                             ---------------------------------------------------
                              (9)      SOLE DISPOSITIVE POWER
          OWNED BY                                                   See box (7)

                             ---------------------------------------------------
       EACH REPORTING         (10)     SHARED DISPOSITIVE POWER
                                                                     See box (8)
        PERSON WITH

- --------------------------------------------------------------------------------
(11)         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             248,474
- --------------------------------------------------------------------------------
(12)         CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  

- --------------------------------------------------------------------------------
(13)         PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

             9.5%
- --------------------------------------------------------------------------------
(14)         TYPE OF REPORTING PERSON

             IN
- --------------------------------------------------------------------------------
* Includes  10,000  shares  issuable  upon  exercise of stock  options and 1,114
shares held in Far East  Retirement  Plan.  
** Consists of 13,400 shares held by wife, 18,800 shares held by not-for-profit 
corporation of which Mr. Bernstein is president and trustee, and 100,000  shares
held in a family partnership.






Item 1.  Security and Issuer

Class A Common Stock, par value $0.10 per share ("Class A Common Stock")

Bel Fuse Inc. (the "Issuer")
198 Van Vorst Street
Jersey City, New Jersey  07302

Item 2.  Identity and Background

(a-b)    This  Schedule  13D  is  filed  on  behalf  of  Elliot   Bernstein. Mr.
         Bernstein's  business  address   is  c/o  Bel  Fuse Inc., 198 Van Vorst
         Street, Jersey City, New Jersey  07302.

(c)      Mr.  Bernstein's  present  principal  occupation is as the Chairman and
         Chief  Executive  Officer of the  Issuer.  The address of the Issuer is
         stated above.

(d-e)    During the past five years,  Mr.  Bernstein has not been convicted in a
         criminal   proceeding   (excluding   traffic   violations   or  similar
         misdemeanors), nor has Mr. Bernstein been a party to a civil proceeding
         of a judicial or  administrative  body of competent  jurisdiction  as a
         result of which he was or is  subject  to a  judgment,  decree or final
         order  enjoining  future  violations  of, or  prohibiting  or mandating
         activities  subject to, federal or state securities laws or finding any
         violation with respect to such laws.

(f)      Mr. Bernstein is a citizen of the United States.

Item 3.  Source and Amount of Funds or Other Consideration

         This  Schedule  13D is filed to report  shares of Class A Common  Stock
held by Mr. Bernstein as a result of the  recapitalization  of the Issuer.  Each
share of the Issuer's Common Stock was reclassified as one-half share of Class A
Common Stock and one-half share of Class B Common Stock  effective July 9, 1998.
A more  complete  description  of the  recapitalization  is set forth  under the
caption  "Proposal Three - The  Recapitalization  Proposal" in the Issuer's 1998
Proxy Statement on Schedule 14A filed with the Commission  which is incorporated
herein by reference.  Prior to the recapitalization,  Mr. Bernstein had reported
his ownership in the Issuer on Schedule 13G, in accordance with the rules of the
Commission.

Item 4.  Purpose of Transaction

         See Item 3.

         Mr.  Bernstein  has no present plans or proposals of the type set forth
in paragraphs (a) through (j) of Item 4 of Schedule 13D. Mr. Bernstein may, from
time to time,  purchase  additional shares of Class A Common Stock or dispose of
all or a portion of the  shares of Class A Common  Stock  beneficially  owned by
him, either in the open market or in privately negotiated transactions.

Item 5.  Interest in Securities of the Issuer

(a)      As of December 31, 1998,  there were 2,603,312 shares of Class A Common
         Stock  issued  and  outstanding.  As of that same date,  Mr.  Bernstein
         beneficially  owned 248,474  shares of Class A Common Stock  (including
         10,000  shares  covered by options),  or 9.5% of the total  outstanding
         shares of Class A Common Stock.

(b)      Mr.  Bernstein has sole power to vote, or to direct the vote,  and sole
         power to dispose, or to direct the disposition, with respect to 116,274
         shares of Class A Common Stock.  Mr. Bernstein has shared power to vote
         or to direct the vote,  or shared  power to  dispose,  or to direct the
         disposition, with respect to 132,200 shares of Class A Common Stock, of
         which  13,400  shares  are held by Sybil  Bernstein,  his wife,  18,800



         shares  are  held  by  The  Andrew   Bernstein   Foundation,   Inc.,  a
         not-for-profit  corporation  of which Mr.  Bernstein is  president  and
         trustee,  and 100,000  shares are held by E&S Bernstein  Family Limited
         Partnership, a family partnership.

         Sybil Bernstein.  Mrs.  Bernstein has an address at 18 Ridge Road, Glen
         Cove,  New York 11542 and her  present  principal  occupation  is as an
         interior  designer.  During the past five years, Mrs. Bernstein has not
         been convicted in a criminal  proceeding  (excluding traffic violations
         or  similar  misdemeanors),  nor has Mrs.  Bernstein  been a party to a
         civil  proceeding  of a judicial or  administrative  body of  competent
         jurisdiction  as a result of which she was or is subject to a judgment,
         decree or final order enjoining future violations of, or prohibiting or
         mandating  activities  subject to, federal or state  securities laws or
         finding any violation  with respect to such laws.  Mrs.  Bernstein is a
         citizen of the United States.

         The Andrew Bernstein Foundation, Inc. The Andrew Bernstein  Foundation,
         Inc. (the  "Foundation") is  a  not-for-profit   corporation  organized
         under  the  laws  of  the  State  of New  Jersey.  The  address  of the
         Foundation  is 198 Van Vorst  Street,  Jersey  City,  New Jersey 07302.
         The Foundation  was formed for charitable purposes.

         E&S Bernstein  Family  Limited  Partnership.  The E&S Bernstein  Family
         Limited  Partnership  (the  "Partnership")  is  a  limited  partnership
         organized  under the laws of the State of New York.  The address of the
         Partnership  is 18 Ridge Road,  Glen Cove,  New York  11542.  Sybil and
         Elliot Bernstein are the only general partners of the Partnership.  The
         Partnership was formed for estate planning purposes.

         During the past five years,  neither the Foundation nor the Partnership
         have  been  convicted  in  a  criminal  proceeding  (excluding  traffic
         violations  or similar  misdemeanors),  nor have the  Foundation or the
         Partnership  been a  party  to a  civil  proceeding  of a  judicial  or
         administrative body of competent jurisdiction as a result of which they
         were or are  subject to a  judgment,  decree or final  order  enjoining
         future  violations of, or prohibiting or mandating  activities  subject
         to,  federal or state  securities  laws or finding any  violation  with
         respect to such laws.

(c)      Mr.  Bernstein  effected no transactions in Class A Common Stock during
         the past sixty days.

(d)      No person is known to Mr. Bernstein to have the right to receive or the
         power to direct the receipt of distributions from, or proceeds from the
         sale of, the shares of Class A Common Stock  beneficially  owned by Mr.
         Bernstein.

(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  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.


                                     February 12, 1999
                                     -------------------------------------------
                                     (Date)

                                     ELLIOT BERNSTEIN

                                     By:  /s/ Laura R. Kuntz, Attorney-in-Fact
                                     -------------------------------------------
                                     (Signature)

                                     Elliot Bernstein

                                     By: Laura R. Kuntz, Attorney-in-Fact
                                     -------------------------------------------
                                     (Name/Title)


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



                                 POWER OF ATTORNEY
 
          Know all by these presents,  that the undersigned  hereby  constitutes
and appoints each of Peter H. Ehrenberg and Laura R. Kuntz singly,  his true and
lawful attorney-in-fact to:

          1.   execute for and on behalf of the  undersigned  Schedules  13D and
               13G,  and Forms 3, 4 and 5 in  accordance  with  Sections  13 and
               16(a)  of the  Securities  Exchange  Act of 1934  and  the  rules
               thereunder;

          2.   do and  perform  any  and  all  acts  for  and on  behalf  of the
               undersigned  which may be  necessary or desirable to complete the
               execution of any such  Schedules  13D or 13G, and Forms 3, 4 or 5
               and the  timely  filing  of such  Forms  with the  United  States
               Securities and Exchange Commission and any other authority; and

          3.   take any other action of any type  whatsoever in connection  with
               the foregoing which, in the opinion of such attorney-in-fact, may
               be of benefit to, in the best  interest  of, or legally  required
               by, the undersigned,  including without  limitation the execution
               and filing of a Form 4 with respect to a transaction which may be
               reported  on a Form 5, it being  understood  that  the  documents
               executed by such  attorney-in-fact  on behalf of the  undersigned
               pursuant  to this  Power of  Attorney  shall be in such  form and
               shall contain such terms and conditions as such  attorney-in-fact
               may approve in his/her discretion.

          The undersigned hereby grants to each such attorney-in-fact full power
and  authority  to do and  perform  all  and  every  act  and  thing  whatsoever
requisite,  necessary and proper to be done in the exercise of any of the rights
and powers herein granted,  as fully and to all intents and purposes as he might
or could do in  person,  with full  power of  substitution  and  resubstitution,
hereby  ratifying  and  confirming  all that such  attorney-in-fact,  or his/her
substitute or  substitutes,  shall  lawfully do or cause to be done by virtue of
this Power of Attorney and the rights and powers herein granted. The undersigned
acknowledges that the foregoing  attorneys-in-fact,  in serving in such capacity
at the request of the  undersigned,  are not assuming  any of the  undersigned's
responsibilities to comply with Sections 13 or 16 of the Securities Exchange Act
of 1934.

          IN WITNESS WHEREOF,  the undersigned has caused this Power of Attorney
to be executed as of this 12th day of February, 1999.


                                                     /s/  Elliot Bernstein
                                                     ______________________
                                                     Elliot Bernstein