WASHINGTON, DC  20549

                                    FORM 4

                                 OMB APPROVAL
                            OMB Number:  3235-0287
                         Expires:  September 30, 1998
               Estimated average burden hours per response:  0.5


    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).

 1.  Name and Address of Reporting Person*

     Last, First, Middle:  The AER 1997 Trust

     Street:  c/o JLMP, 650 Fifth Avenue, 3rd Floor

     City, State, Zip:  New York, NY 10019
 2.  Issuer Name and Ticker or Trading Symbol:  EMCORE Corporation - EMKR

 3.  IRS or Social Security Number of Reporting Person (Voluntary)

 4.  Statement for Month/Year:  December 1997

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


 6.  Relationship of Reporting Person(s) to Issuer (Check all applicable)

     (    ) Director       (  x  ) 10% Owner       
     (    ) Officer (give title below)       (     ) Other (specify below)

 7.  Individual or Joint/Group Filing (Check Applicable Line)

     (  x  ) Form filed by One Reporting Person
     (     ) Form filed by More than One Reporting Person

*    If the form is filed by more than one reporting person, see Instruction



                       Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

          1. Title of Security             2.  Transaction Date    3. Transaction     4. Securities Acquired (A)
             (Instr. 3)                        (Month/Day/Year)       Code               or Disposed of (D)
                                                                      (Instr. 8)         (Instr. 3, 4, and 5)

                                                                                                    (A) or
                                                                   Code        V      Amount        (D)       Price
  <S>     <C>                              <C>                     <C>         <C>    <C>           <C>       <C>

  (1)     Common Stock                            12/03/97             X                  766,559      A               $4.08

                                                      Table I -- Continued
          1. Title of Security                   5.  Amount of Securities    6.  Ownership Form:    7.  Nature of Indirect
             (Instr. 3)                              Beneficially Owned          Direct (D) or          Beneficial Ownership
                                                     at End of Month             Indirect (I)           (Instr. 4)
                                                     (Instr. 3 and 4)            (Instr. 4)

  <S>     <C>                                    <C>                         <C>                    <C>
  (1)     Common Stock                                           1,446,559             D


   Reminder:  Report on a separate line for each class of securities
beneficially owned directly or indirectly.



                         Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
                                 (e.g., puts, calls, warrants, options, convertible securities)

          1. Title of Derivative Security             2. Conver-     3. Trans-     4. Transac-       5. Number of Deriv-
             (Instr. 3)                                  sion or        action        tion Code         ative Securities
                                                         Exercise       Date          (Instr. 8)        Acquired (A) or
                                                         Price of       (Month/                         Disposed of (D)
                                                         Deriv-         Day/                            (Instr. 3, 4 and 5)
                                                         ative          Year)

                                                                                   Code      V       (A)            (D)
  <S>     <C>                                         <C>            <C>           <C>       <C>     <C>            <C>

  (1)     Common Stock Warrant (right to buy)               $4.08     12/03/97        X                               766,559

                                                     Table II -- Continued
          1. Title of Derivative Security                        6. Date Exercisable and     7. Title and Amount of
             (Instr. 3)                                             Expiration Date             Underlying Securities
                                                                    (Month/Day/Year)            (Instr. 3 and 4)

                                                                                                               Amount or
                                                                 Date          Expiration                      Number of
                                                                 Exercisable   Date          Title             Shares
  <S>     <C>                                                    <C>           <C>           <C>               <C>

  (1)     Common Stock Warrant (right to buy)                       Immed.       5/01/01     Common Stock             766,559


                                                     Table II -- Continued
          1. Title of Derivative Security                8. Price of     9.  Number of       10. Ownership     11. Nature of
             (Instr. 3)                                     Derivative       Derivative         Form of            Indirect
                                                            Security         Securities         Derivative         Beneficial
                                                            (Instr. 5)       Beneficially       Security:          Ownership
                                                                             Owned at End       Direct (D)         (Instr. 4)
                                                                             of Month           or Indirect
                                                                             (Instr. 4)         (I)
                                                                                                (Instr. 4)
  <S>     <C>                                            <C>             <C>                 <C>               <C>

  (1)     Common Stock Warrant (right to buy)                                            0          D



Explanation of Responses:
Name of Reporting Person:  The AER 1997 Trust
By  /s/ Thomas G. Werthan          January 9, 1997
**Signature of Reporting Person    Date
Name:   Thomas G. Werthan
Title:  Attorney-in-Fact

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

Note:     File three copies of this Form, one of which must be manually
          signed.  If space provided is insufficient, see Instruction 6 for

Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays a
currently valid OMB number.