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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 lUSk7oM3jc9D3H1Ogta9GQ==

<SEC-DOCUMENT>0000861818-97-000001.txt : 19970222
<SEC-HEADER>0000861818-97-000001.hdr.sgml : 19970222
ACCESSION NUMBER:		0000861818-97-000001
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19970214
SROS:			NYSE

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CALPINE CORP
		CENTRAL INDEX KEY:			0000916457
		STANDARD INDUSTRIAL CLASSIFICATION:	COGENERATION SERVICES & SMALL POWER PRODUCERS [4991]
		IRS NUMBER:				770031605
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-48317
		FILM NUMBER:		97533360

	BUSINESS ADDRESS:	
		STREET 1:		50 WEST SAN FERNANDO ST
		CITY:			SAN JOSE
		STATE:			CA
		ZIP:			95113
		BUSINESS PHONE:		4089955115

	MAIL ADDRESS:	
		STREET 1:		50 W SAN FERNANDO
		STREET 2:		SUITE 500
		CITY:			SAN JOSE
		STATE:			CA
		ZIP:			95113

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GARDNER LEWIS ASSET MANAGEMENT L P /ADV
		CENTRAL INDEX KEY:			0000861818
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				232778393
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		285 WILMINGTON WEST CHESTER PIKE
		CITY:			CHADDS FORD
		STATE:			PA
		ZIP:			19317
		BUSINESS PHONE:		6105582800

	MAIL ADDRESS:	
		STREET 1:		285 WILMINGTON
		STREET 2:		WEST CHESTER PIKE
		CITY:			CHADDS FORD
		STATE:			PA
		ZIP:			19317

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GARDNER LEWIS ASSET MANAGEMENT L P                      /ADV
		DATE OF NAME CHANGE:	19960228
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<TEXT>

13G
AMMEND#
STOCK_NAME Calpine Corp.
CLASS Common
CUSIP 131347106
APP_NAME
Gardner Lewis Asset Management
SSN
23-2778393
ADDRESS
285 Wilmington - West Chester Pike  Chadds Ford, PA 19317
SOLE VOTING
935,200
SHARED VOTING
18,000
SOLE DISPOSE
1,066,900
SHARED DISPOSE
0
BENEFICIALLY
1,066,900
PERCENT
5.9%
TYPE OF REPORTING PERSON
IA
STOCK_NAME
Calpine Corp.
STOCK_ADDRESS
50 West San Fernando Street, San Jose, CA  95113
NAME_OF_PERSON
Gardner Lewis Asset Management, L.P.
ADDRESS_OF_BUS
285 Wilm. - W. Chester Pike  Chadds Ford, PA 19317
CITIZEN
USA
CLASS_OF_STOCK
Common
CUSIP
131347106
BROKER
BANK
INSURANCE
INVESTMENT
BROKER
X
BROKER
PARENT
GROUP
BENEFICIALLY
1,066,900
PERCENT
5.9%
SOLE
935,200
SHARED
18,000
SOLE_DISPOSE
1,066,900
SHARED_DISPOSE
0
DATE
02/13/97
NAME
W. Whitfield Gardner
TITLE
Chairman and CEO
^page


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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