FORM 3 U.S. SECURITIES AND EXCHANGE COMMISSION _____________________ WASHINGTON, D.C. 20549 | OMB APPROVAL | INITIAL STATEMENT OF |_____________________| BENEFICIAL OWNERSHIP OF SECURITIES |OMB NUMBER: 3235-0104| |EXPIRES: | | SEPTEMBER 30, 1998 | Filed pursuant to Section 16(a) of the |ESTIMATED AVERAGE | Securities Exchange Act of 1934, |BURDEN HOURS | Section 17(a) of the Public Utility |PER RESPONSE 0.5 | Holding Company Act of 1935 |_____________________| or Section 30(f) of the Investment Company Act of 1940 ______________________________________________________________________________ 1. Name and Address of Reporting Person Deering Joseph ______________________________________________________________________________ (Last) (First) (Middle) c/o Rayovac Corporation, 601 Rayovac Drive ______________________________________________________________________________ (Street) Madison WI 53711-2497 ______________________________________________________________________________ (City) (State) (Zip) ______________________________________________________________________________ 2. Date of Event Requiring Statement (Month/Day/Year) July 17, 1998 ______________________________________________________________________________ 3. IRS OR SOCIAL SECURITY NUMBER OF REPORTING PERSON (VOLUNTARY) ______________________________________________________________________________ 4. Issuer Name and Ticker or Trading Symbol Rayovac Corporation (ROV) ______________________________________________________________________________ 5. RELATIONSHIP OF REPORTING PERSON(S) TO ISSUER (CHECK ALL APPLICABLE) (X ) DIRECTOR ( ) 10% OWNER ( ) OFFICER (GIVE TITLE BELOW) ( ) OTHER (SPECIFY TITLE BELOW) _____________________________________ ______________________________________________________________________________ 6. IF AMENDMENT, DATE OF ORIGINAL (MONTH/DAY/YEAR) ______________________________________________________________________________ 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|2. AMOUNT OF |3. OWNERSHIP |4. NATURE OF INDIRECT | | (INSTR. 4) | SECURITIES | FORM DIRECT| BENEFICIAL OWNERSHIP| | | BENEFICIALLY| DIRECT (D) | (INSTR. 5) | | | OWNED | OR INDIRECT| | | | (INSTR. 4) | (I) (INSTR.| | | | | 5) | | |____________________|_______________|______________|_______________________| [TYPE ENTRIES HERE] =========================================================================== TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) ______________________________________________________________________________ 1. Title of Derivative Security (Instr. 4) Stock Option ______________________________________________________________________________ 2. Date Exercisable and Expiration Date (Month/Day/Year) July , 1998 July , 2008 ___________________ ___________________ Date Exercisable Expiration Date ______________________________________________________________________________ 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) Common Stock, par value $.01 per share 2,000 ______________________________________ __________________________ Title Amount of Number of Shares ______________________________________________________________________________ 4. Conversion or Exercise Price of Derivative Security $21.438 per share ______________________________________________________________________________ 5. Ownership Form of Derivative Security: Direct(D) or Indirect(I) (Instr. 5) D ______________________________________________________________________________ 6. Nature of Indirect Beneficial Ownership (Instr. 5) ============================================================================== EXPLANATION OF RESPONSES: /s/ Joseph W. Deering July 27, 1998 ______________________________ _____________________ ** SIGNATURE OF REPORTING PERSON DATE _____________________________ ** 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 PROCEDURE POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOR REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB NUMBER. ==============================================================================