Form 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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(h) of the Investment Company Act of 1940

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1.  Name and Address of Reporting Person*

 Levy, Edwin A

2.        Date of Event
Requiring Statement
  (Month/Day/Year)

04/25/03

3.        Issuer Name and Tickler or Trading Symbol  F

Forward Industries Inc. (FORD)

(Last)                      (First)                    (Middle)

1801 Green Rd. Suite E. 

(Street)

Pompano Beach, FL 33064

3.  I.R.S. Identification
Number of Reporting Person,
if an entity (voluntary)

5.  Relationship of Reporting Person(s) to Issuer
       (Check all applicable)
     X   Director                                   10% Owner
       Officer (give title below)   
        Other (specify below)

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

(City)               (State)                 (Zip)

7.  Individual or Joint/Group Filing
     (Check Applicable Line)
  X    Form filed by One Reporting Person
      Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security 
   (Instr. 4)

2.  Amount of Securities
     Beneficially Owned 
     (Instr. 4)

3.  Ownership Form:
     Direct (D) or  Indirect (I)
     (Instr. 5)

4.  Nature of Indirect Beneficial
     Ownership  (Instr. 5)

  Forward Industries Common Stock

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

1. Title of Derivative Security
    (Instr. 4)

2. Date Exercisable
    and Expiration Date
  ( Month/Day/Year)

3. Title and Amount of Securities
    Underlying Derivative Security
    (Instr. 4)

4.  Conversion or Exercise
     Price of Derivative
     Security

5.  Ownership  Form
     of Derivative Security:
     Direct  (D) or Indirect (I)
      (Instr. 5)

6.  Nature of Indirect Beneficial
     Ownership     (Instr. 5)

Date 
Exercisable

Expiration
Date

  Title  

Amount or
Number of Shares

Explanation of Responses:  

 Submitted as new director of the registrant.

           /s/ Edwin A. Levy                                              
**Signature of Reporting Person

                          April 25, 2003                           
Date

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

*

If the form is filed by more than one reporting person, see Instruction 5(b)(v).

**

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 is insufficient,  See Instruction 6 for procedure.