UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

Form 5

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XX
Form 3 Holdings Reported

XX
Form 4 Transactions Reported

(Print or Type Responses)

1 .Name and Address of Reporting Person

Avocet Investment Partners, L.P.

2. Issuer Name and Ticker or Trading Symbol

Trans Industries, Inc. (TRNI)

6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

______Director XX 10% Owner

______Officer (give ______Other (specify title below) below)

____________________________

(Last) (First) (Middle)

5508 Highway 290 West, Suite 207

3. IRS Identification Number of Reporting Person, if an entity
(voluntary)

4. Statement for
Month/Year

November/December 2002

(Street)

Austin, TX 78735

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

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

(City) (State) (Zip)

Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security
(Instr. 4)

2. Trans-
action
Date

(Month/
Day/
Year)

3. Trans-
Action
Code
(Instr. 8)

4. Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 AND 5)

5. Amount of
Securities Ben-
eficially Owned
at End of
Issuer's Fiscal
Year
(Instr. 3 and 4)

6. Owner-
ship
Form:
Direct
(D) or
Indirect
(I)

(Instr. 4)

7. Nature of Indirect Beneficial Ownership

(Instr. 4)

Amount

(A) or

(D)

Price

COMMON STOCK

11/25/02

35,500

3.6044

317,550

COMMON STOCK

11/26/02

500

3.99

COMMON STOCK

11/27/02

1,900

3.9189

COMMON STOCK

11/29/02

200

3.99

COMMON STOCK

12/2/02

2,600

3.4323

COMMON STOCK

12/3/02

4,600

3.4232

COMMON STOCK

12/4/02

600

3.7883

COMMON STOCK

12/5/02

3,200

3.8072

COMMON STOCK

12/6/02

300

3.7933

COMMON STOCK

12/9/02

1,300

3.7092

COMMON STOCK

12/10/02

1,900

3.7432

COMMON STOCK

12/11/02

3,500

3.7589

COMMON STOCK

12/12/02

2,500

3.7972

COMMON STOCK

12/13/02

5,000

3.771

COMMON STOCK

12/16/02

1,300

3.8346

COMMON STOCK

12/17/02

3,000

3.774

COMMON STOCK

12/18/02

1,800

3.7671

COMMON STOCK

12/19/02

100

3.969

COMMON STOCK

12/23/02

800

3.97

COMMON STOCK

12/24/02

1,100

3.8773

COMMON STOCK

12/26/02

300

3.92

COMMON STOCK

12/27/02

1,600

3.9406

COMMON STOCK

12/30/02

1,100

3.9182

COMMON STOCK

12/31/02

1,100

3.9273

357,850

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FORM 5 (continued)

Table II Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of
Derivative Security
(Instr. 4)

2. Conver-
sion or
Exercise
Price of
Deri-
vative
Security

3. Trans-
action
Date

(Month/
Day/
Year)

4. Trans-
action
Code
(Instr. 8)

5. Number of Deriv-
ative Securities Ac-
quired (A) or Dis-
posed of (D)
(Instr. 3, 4, and 5)

6. Date Exer-
cisable and
Expiration
Date
(Month/Day/
Year).

7. Title and Amount of Securities
Underlying
Derivative Security
(Inst. 4)

8. Price
of
Deriv-
ative
Secur-
ity
(Instr.
5)

9. Number
of deriv-
ative
Secur-
ities
Bene-
ficially
Owned
at End
of
Year
(Instr. 4)

10. Owner-
ship
Form of
Deriv-
ative
Security:
Direct
(D) or
Indirect
(I)
(Instr. 4)

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

(A)

(D)

Date
Exer-
cisable

Expira-
tion
Date

Title

Amount or
Number of
Shares

Explanation of Responses:

The filing of this Form on behalf of the Reporting Person should not be construed as an admission that the Reporting Person is, and it disclaims that it is, the beneficial owner of any of the securities covered by this Form.

AVOCET INVESTMENT PARTNERS, L.P.

By: Avocet Capital Management, L.P., General Partner

By: Blackpool Enterprises, LLC

By: Raymond S. Ingelby, Manager

By: James L. Boucherat, Attorney in Fact February 21, 2003

**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

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient,
See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

AVOCET CAPITAL MANAGEMENT LP 5