-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 FmIeVM/5Nhs92EAF6meFQkG0muQcaoBXG6SsCLEQKv/36ZWKqscph+wm2qcNuShu
 SurkqJDB+XGoU2NKLj/VUw==

<SEC-DOCUMENT>0001298144-04-000006.txt : 20040728
<SEC-HEADER>0001298144-04-000006.hdr.sgml : 20040728
<ACCEPTANCE-DATETIME>20040727175005
ACCESSION NUMBER:		0001298144-04-000006
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20040728

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRECISION OPTICS CORPORATION INC
		CENTRAL INDEX KEY:			0000867840
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845]
		IRS NUMBER:				042795294
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-41468
		FILM NUMBER:		04934147

	BUSINESS ADDRESS:	
		STREET 1:		22 EAST BROADWAY
		CITY:			GARDNER
		STATE:			MA
		ZIP:			01440-3338
		BUSINESS PHONE:		9786301800

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PRECISION OPTICS CORP INC
		DATE OF NAME CHANGE:	19600201

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sager Fred S
		CENTRAL INDEX KEY:			0001298144

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		516 396-1681

	MAIL ADDRESS:	
		STREET 1:		26 WOODEDGE DR
		CITY:			DIX HILLS
		STATE:			NY
		ZIP:			11746
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>poci13g3.txt
<TEXT>
Washington, D.C. 20549


                                  SCHEDULE 13G


             Information Statement Pursuant to Rules 13d-1 and 13d-2
                    Under the Securities Exchange Act of 1934
                                (Amendment No. )*


                       Precision Optics Corporation, Inc.
                                (Name of Issuer)


                          Common Stock, $0.01 par value
                         (Title of Class of Securities)

                                    740294202
                                 (CUSIP Number)


                                  July 19, 2004
             (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)
[X]    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
disclosures provided in a prior cover page.

The information required on 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).





                                                                               2

CUSIP No. 740294202

- --------------------------------------------------------------------------------
1.       Name of Reporting Person:

         Fred Sager   IRA, Delaware Charter Guarantee & Trust as Custodian
- --------------------------------------------------------------------------------
2.       Check the Appropriate Box if a Member of a Group:
                                                                (a)     [_]
                                                                (b)     [X]
- --------------------------------------------------------------------------------
3.       SEC Use Only


- --------------------------------------------------------------------------------
4.       Citizenship or Place of Organization:

         USA
- --------------------------------------------------------------------------------
                           5.   Sole Voting Power: 477,578
Number of
Shares
Beneficially               6.   Shared Voting Power: -0- (see Item 4)
Owned By
Each
Reporting                  7.   Sole Dispositive Power:  477,578
Person
With
                           8.   Shared Dispositive Power: -0- (see Item 4)
- --------------------------------------------------------------------------------
9.       Aggregate Amount Beneficially Owned by Each Reporting Person:

         477,578 (see Item 4)
- --------------------------------------------------------------------------------
10.      Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares:

                                                                        [_]
- --------------------------------------------------------------------------------
11.      Percent of Class Represented by Amount in Row (9):

         6.8% (see Item 4)
- --------------------------------------------------------------------------------
12.      Type of Reporting Person:

         IN
- --------------------------------------------------------------------------------





                                                                               3

CUSIP No. 740294202

- --------------------------------------------------------------------------------
1.       Name of Reporting Person:

         Fred Sager
- --------------------------------------------------------------------------------
2.       Check the Appropriate Box if a Member of a Group:
                                                                (a)     [_]
                                                                (b)     [X]
- --------------------------------------------------------------------------------
3.       SEC Use Only


- --------------------------------------------------------------------------------
4.       Citizenship or Place of Organization:

         United States
- --------------------------------------------------------------------------------
                           5.   Sole Voting Power: 477,578
Number of
Shares
Beneficially               6.   Shared Voting Power: -0- (see Item 4)
Owned By
Each
Reporting                  7.   Sole Dispositive Power:  477,578
Person
With
                           8.   Shared Dispositive Power: -0- (see Item 4)
- --------------------------------------------------------------------------------
9.       Aggregate Amount Beneficially Owned by Each Reporting Person:

         477,578 (see Item 4)
- --------------------------------------------------------------------------------
10.      Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares:

                                                                        [_]
- --------------------------------------------------------------------------------
11.      Percent of Class Represented by Amount in Row (9):

         6.8% (see Item 4)
- --------------------------------------------------------------------------------
12.      Type of Reporting Person:

         IN
- --------------------------------------------------------------------------------





                                                                               4


Item 1(a).        Name of Issuer:

                  Precision Optics Corporation, Inc. (the "Company").

Item 1(b).        Address of Issuer's Principal Executive Offices:

                  22 East Broadway
                  Gardner, Massachusetts 01440-3338

Item 2(a).        Name of Persons Filing:

                  Fred Sager IRA, Delaware Charter Guarantee & Trust, Custodian

Item 2(b).        Address of Principal Business Office, Residence:

                  26 Woodedge Dr.
                  Dix Hills, NY 11746

Item 2(c).        Citizenship:

                  USA

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

                  Common Stock, $0.01 par value per share, of the Company

Item 2(e).        CUSIP Number:

                  740294202

Item 3.           Not Applicable.

Item 4.           Ownership.

                  For each Reporting Person:

                  (a)      Amount beneficially owned:

                           477,578 shares of Common Stock


                  (b)      Percent of class:

                           6.8% of the total outstanding shares of Common
                           Stock. This percentage is based upon the 7,008,212
                           shares of Common Stock issued and outstanding, which
                           number is calculated by adding (i) 1,752,053 (the
                           number of shares of Common Stock reported in the
                           final prospectus relating to the rights offering of
                           5,256,159 shares of Common Stock filed pursuant to
                           Rule 424(b)(3) on June 18, 2004) and (ii) 5,256,159
                           (the number of shares of Common Stock issued pursuant
                           to the rights offering as reported on Form 8-K dated
                           July 19, 2004).

                  (c)      Number of shares to which each Reporting Person has:

                           (i)   Sole power to vote or direct the vote: 477,578

                           (ii)  Shared power to vote or direct the vote:
                                    -0-

                           (iii)    Sole power to dispose or to direct the
                                    disposition of: 477,578

                           (iv)     Shared power to dispose of or direct the
                                    disposition of: -0-

Item 5.           Ownership of Five Percent or Less of a Class.

                  Not Applicable.

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

                  Not Applicable.

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

                  Not Applicable.

Item 8.           Identification and Classification of Members of the Group.

                  Not Applicable.

Item 9.           Notice of Dissolution of a Group.

                  Not Applicable.

Item 10.          Certification.

                  By signing below I certify that, to the best of my knowledge
                  and belief, the securities referred to above were not acquired
                  and are not held for the purpose of or with the effect of
                  changing or influencing the control of the issuer of the
                  securities and were not acquired and are not held in
                  connection with or as a participant in any transaction having
                  that 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.

Dated:   July 27, 2004




                                            By:  /s/ Fred Sager
                                                 ----------------------------
                                                 Fred Sager





</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
