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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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<SEC-DOCUMENT>0000795445-97-000007.txt : 19970402
<SEC-HEADER>0000795445-97-000007.hdr.sgml : 19970402
ACCESSION NUMBER:		0000795445-97-000007
CONFORMED SUBMISSION TYPE:	10-K
PUBLIC DOCUMENT COUNT:		11
CONFORMED PERIOD OF REPORT:	19961231
FILED AS OF DATE:		19970401
SROS:			NASD

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARC CAPITAL
		CENTRAL INDEX KEY:			0000795445
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823]
		IRS NUMBER:				330256103
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20097
		FILM NUMBER:		97572399

	BUSINESS ADDRESS:	
		STREET 1:		2067 COMMERCE DR
		CITY:			MEDFORD
		STATE:			OR
		ZIP:			97504
		BUSINESS PHONE:		5417767700

	MAIL ADDRESS:	
		STREET 1:		2067 COMMERCE DR
		CITY:			MEDFORD
		STATE:			OR
		ZIP:			97504

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	APPLIED LASER SYSTEMS /CA
		DATE OF NAME CHANGE:	19930825
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-K
<SEQUENCE>1
<FILENAME>000079544597000007-001-seq1-10-k.txt
<DESCRIPTION>FORM 10-K
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>000079544597000007-002-seq2-ex-10.txt
<DESCRIPTION>EXHIBIT 10.4 EMPLOYMENT AGRMT ALAN STEEL
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>3
<FILENAME>000079544597000007-003-seq3-ex-10.txt
<DESCRIPTION>EXHIBIT 10.5 EMPLOYMENT AGRMT WILLIAM YOUNG
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>4
<FILENAME>000079544597000007-004-seq4-ex-10.txt
<DESCRIPTION>EXHIBIT 10.6 EMPLOYMENT AGRMT WILLIAM YOUNG
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>5
<FILENAME>000079544597000007-005-seq5-ex-10.txt
<DESCRIPTION>EXHIBIT 10.7 EMPLOYMENT AGRMT JAMES EWAN
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>6
<FILENAME>000079544597000007-006-seq6-ex-10.txt
<DESCRIPTION>EXHIBIT 10.26 SUBSCRIPTION AGREEMENT
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>7
<FILENAME>000079544597000007-007-seq7-ex-10.txt
<DESCRIPTION>EXHIBIT 10.27 SRC VISION 1997 STOCK OPTION PLAN
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>8
<FILENAME>000079544597000007-008-seq8-ex-10.txt
<DESCRIPTION>SRC VISION NONQUALIFIED STOCK OPTION AGRMT
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>9
<FILENAME>000079544597000007-009-seq9-ex-10.txt
<DESCRIPTION>SRC VISION INCENTIVE STOCK OPTION AGREEMENT
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>10
<FILENAME>000079544597000007-010-seq10-ex-23.txt
<DESCRIPTION>EXHIBIT 23 CONSENT OF INDEPENDENT ACCOUNTANT
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-27
<SEQUENCE>11
<FILENAME>000079544597000007-011-seq11-ex-27.txt
<DESCRIPTION>ARTICLE 5. FDS FOR YEAR ENDED DECEMBER 31, 1996
</DOCUMENT>
</SUBMISSION>