SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                  SCHEDULE 13G


                    Under the Securities Exchange Act of 1934

                               (Amendment No. 11)*




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

                                  COMMON STOCK
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   07734710-2
- --------------------------------------------------------------------------------
                                 (CUSIP Number)



*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. 07734710-2
- --------------------------------------------------------------------------------

(1)     Names of Reporting Persons.  S.S. or I.R.S. Identification Nos. of Above
        Persons:   Elliot Bernstein, ###-##-####
- --------------------------------------------------------------------------------

(2)     Check the Appropriate Box if a Member of a Group (See Instructions)
        (a) ____
        (b) ____
- --------------------------------------------------------------------------------

(3)     SEC Use Only
- --------------------------------------------------------------------------------

(4)     Citizenship or Place of Organization:  United States
- --------------------------------------------------------------------------------

Number of Shares Beneficially Owned by Each (5) Sole Voting Power:  466,031*
      Reporting Person With
                                            (6) Shared Voting Power:  55,400**
                                            (7) Sole Dispositive Power:   
                                                  see box 5
                                            (8) Shared Dispositive Power:
                                                  see box 6

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

* Includes  10,000  shares  issuable  upon  exercise of stock  options and 4,111
shares held in Far East Retirement  Plan. 

** Consists  of  26,800  shares  held by wife and 28,600 shares held by not-for-
profit corporation of which Mr. Bernstein is president and trustee.


(9)     Aggregate Amount Beneficially Owned by Each Reporting Person:  521,431

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

(10)    Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
        Instructions)

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

(11)    Percent of Class Represented by Amount in Row (9): 10.3%

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

(12)     Type of Reporting Person (See Instructions):  IN
- --------------------------------------------------------------------------------




Item 1(a).  Name Of Issuer:  Bel Fuse, Inc.

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

Item 1(b).  Address of Issuer's Principal Executive Offices:  198 Van Vorst 
            Street, Jersey City, New Jersey 07302

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

   Item 2(a).  Name of Person Filing:  Elliot Bernstein

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

Item 2(b).  Address of Principal Business Office or, if None, Residence:  
            c/o Bel Fuse, Inc., 198 Van Vorst Street, Jersey City, 
            New Jersey  07302

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

Item 2(c).  Citizenship:  United States

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

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

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

Item 2(e).  CUSIP No.:  07734710-2
- --------------------------------------------------------------------------------

Item 3.  If This Statement Is Filed Pursuant to Rules 13d-1(b), or 13d-2(b), 
check whether the Person Filing is a

        (a) [ ]  Broker or Dealer registered under Section 15 of the Act.

        (b) [ ] Bank as defined in section 3(a)(6) of the Act.

        (c) [ ] Insurance company as defined in section 3(a)(19) of the Act.

        (d) [ ] Investment Company registered under section 8 of the Investment 
Company Act.

        (e) [ ] Investment Adviser registered under section 203 of the 
Investment Advisers Act of 1940.

        (f) [ ] Employee  Benefit  Plan,  Pension  Fund which is subject to the
provisions of the Employee  Retirement  Income Security Act of 1974 or Endowment
fund; see Rule 13d-1(b)(1)(ii)(H).

        (g) [ ] Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G) 
(Note:  See Item 7).

        (h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).

Item 4.  Ownership

        (a)  Amount Beneficially Owned (as of December 31, 1996):

             521,431

        (b)  Percent of Class (as of December 31, 1996):

             10.3%

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

            (i) sole power to vote or to direct the vote   466,031*

           (ii) shared power to vote or to direct the vote    55,400**

          (iii) sole power to dispose or to direct the disposition of  466,031*

          (iv)  shared power to dispose or to direct the disposition of 55,400**

* Includes  10,000  shares  issuable  upon  exercise of stock  options and 4,111
shares held in Far East Retirement  Plan. 

** Consists of 26,800 shares held  by  wife  and  28,600 shares held by not-for-
profit corporation of which Mr. Bernstein is president and trustee.

Item 5.  Ownership of Five Percent or Less of a Class.    N/A


Item 6.  Ownership of More Than Five Percent on Behalf of Another Person.   N/A


Item 7.  Identification  and  Classification of the Subsidiary Which Acquired 
         the Security Being Reported on by the Parent Holding Company.  N/A

Item 8.  Identification and Classification of Members of the Group.  N/A

Item 9.  Notice of Dissolution of Group.  N/A

Item 10.  Certification.     N/A


                                    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 11, 1997
                                     _______________________________
                                     (Date)

                                     ELLIOT BERNSTEIN

                                     
                                     By:   /s/ Laura R. Kuntz
                                     ________________________________
                                     (Signature)



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