SECURITIES AND EXCHANGE COMMISSION

                     Washington, D.C.  20549


                          SCHEDULE 13G

     Information Statement Pursuant to Rule 13d-1 and 13d-2

                       (Amendment No.10)*

                        PHOTRONICS, Inc.
- -----------------------------------------------------------------
                        (Name of Issuer)

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

                           719405 10 2
- -----------------------------------------------------------------
                         (CUSIP Number)







     * 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 the disclosures provided
in a prior cover page.



     The information required in 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).

                 (Continued on following pages)




                        Page 1 of 5 Pages



Schedule 13G                                      Page 2 of 5


CUSIP No.    719405 10 2  

- -----------------------------------------------------------------
1)  Names of Reporting Persons. S.S. or I.R.S. Identification
    Nos. of Above Persons     Constantine S. Macricostas   
- -----------------------------------------------------------------
2)  Check the Appropriate Box if a Member of a Group 
    (See Instructions) __________________________________________

    (a) _________________________________________________________

    (b) _________________________________________________________
- -----------------------------------------------------------------

3)  SEC Use Only ................................................

- -----------------------------------------------------------------
4)  Citizenship or Place of Organization 
       United States of America   
- -----------------------------------------------------------------

 Number of      (5)  Sole Voting Power           602,874 (1)  
Shares Bene-    -------------------------------------------------
 ficially       (6)  Shared Voting Power       2,330,618 (2)
 Owned By       -------------------------------------------------
Each Report-    (7)  Sole Dispositive Power      602,874 (1)  
 ing Person     -------------------------------------------------
   With         (8)  Shared Dispositive Power  2,330,618 (2)

- -----------------------------------------------------------------
9)  Aggregate Amount Beneficially Owned by Each Reporting Person
       2,967,492 (1) (2) (3)
- -----------------------------------------------------------------
10) Check if the Aggregate Amount in Row (9) Excludes Certain
    Shares  (See Instructions)                                 
- -----------------------------------------------------------------

11) Percent of Class Represented by Amount in Row 9    12.3%  

- -----------------------------------------------------------------

12) Type of Reporting Person (See Instructions)    IN  

- -----------------------------------------------------------------

(1)  Includes 50,000 shares of Common Stock for which I have options       
     exercisable within 60 days.

(2)  Includes 2,280,000 shares owned by Macricostas Partners, L.P. of which   
     I am a limited partner and 50,618 shares of Macricostas Management,
     Inc. which is the general partner of Macricostas Partners, L.P., of
     which I am a significant shareholder, the sole director and President.

(3)  Includes 34,000 shares owned by my wife, as to which I disclaim ownership.


Schedule 13G                                      Page 3 of 5



                   CONSTANTINE S. MACRICOSTAS


Item 1 (a)     Name of Issuer:

               Photronics, Inc.


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

               1061 East Indiantown Road
               Jupiter, Florida  33477


Item 2 (a)     Name of Person Filing:  Constantine S. Macricostas


Item 2 (b)     Address of Principal Business Office or,
               if none, residence:

               1061 East Indiantown Road
               Jupiter, Florida  33477


Item 2 (c)     Citizenship:  United States of America


Item 2 (d)     Title of Class of Securities:

               Common Stock, par value $0.01 per share


Item 2 (e)     CUSIP Number:  719405 10 2


Item 3         If this Statement is filed pursuant to Rules 
               13d-1(b) or 13d-2(b), check whether the person
               filing is a:

               Not Applicable










Schedule 13G                                      Page 4 of 5



Item 4    Ownership:

          (a)  Amount Beneficially Owned:

               As of December 31, 1998, I directly own 552,874
               shares of Common Stock and have options, exercisable
               within sixty (60) days, to acquire 50,000 shares of
               Common Stock.  I indirectly own shares as a limited
               partner of Macricostas Partners, L.P. which owns
               2,280,000 shares of Common Stock and through
               Macricostas Management, Inc. which owns 50,618
               shares of Common Stock and of which I am a
               significant shareholder, the sole director and
               President.  I disclaim beneficial ownership of those
               shares not represented by my ownership interests in
               such entities.  I may also be deemed the beneficial
               owner of 34,000 shares held by my wife, as to which
               shares I disclaim beneficial ownership.  The
               foregoing does not include options to acquire 55,000
               shares of common stock which are not exercisable
               within sixty (60) days. 

          (b)  Percent of Class:  12.3%

          (c)  Number of Shares as to which such person has:

               (i) sole power to vote or to direct the vote
                                            602,874   

              (ii) shared power to vote or to direct the vote
                                          2,330,618

             (iii) sole power to dispose or to direct the 
                   disposition of           602,874   

              (iv) shared power to dispose or to direct the
                   disposition of         2,330,618


Item 5    Ownership of Five Percent or Less of a Class

          Not applicable







Schedule 13G                                      Page 5 of 5




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 on 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 Group

          Not applicable


Item 10   Certification

          Not applicable



          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.



_______February _, 1999_______
             (Date)


__CONSTANTINE S. MACRICOSTAS_
  Constantine S. Macricostas




FORMS\13G98CM.#10/p