4 1 auto80301form4brown.txt ----------------------------- OMB APPROVAL ----------------------------- OMB Number 3235-0287 Expires: December 31, 2001 Estimated average burden hours per response ..... 0.5 ------------------------------ U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 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(f) of the Investment Company Act of 1940 [ ] CHECK THIS BOX IF NO LONGER SUBJECT OF SECTION 16. FORM 4 OR FORM 5 OBLIGATIONS MAY CONTINUE. SEE INSTRUCTION 1(B). ====================================================================== 1. Name and Address of Reporting Person Brown, David Leslie ---------------------------------------------------------------------- (Last) (First) (Middle) 3016 Longleaf Lane ---------------------------------------------------------------------- (Street) McKinney, Texas 75070 ---------------------------------------------------------------------- (City) (State) (Zip) AutoCorp Equities, Inc. ACOR ====================================================================== 2. Issuer Name and Ticker or Trading Symbol ====================================================================== 3. IRS or Social Security Number of Reporting Person (Voluntary) July, 2001 ====================================================================== 4. Statement for Month/Year ====================================================================== 5. If Amendment, Date of Original (Month/Year) ====================================================================== 6. Relationship of Reporting Person to Issuer (Check all applicable) [X] Director [ ] 10% Owner [ ] Officer (give title below) [ ] Other (specify below) ------------------------------------------ ====================================================================== 7. Individual or Joint/Group Filing (Check Applicable Line) [X] Form filed by One Reporting Person [ ] Form filed by More than One Reporting Person ====================================================================== -----------------------------------------------------------------------

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

Explanation of Responses: *Elected Director 06/27/00 (no stock owned as of this date) /s/ David Leslie Brown 08/01/01 -------------------------------------------- ------------- **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 not required to respond unless the form displays a currently valid OMB Number.

BROWN DAVID LESLIE 4