UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                      Washington, DC 20549
                                
                                
                          SCHEDULE 13G
                                
           Under the Securities Exchange Act of 1934
                                
                       (Amendment No.  2)
                                
                                
                      JAKKS Pacific, Inc.
_______________________________________________________________________________
                        (Name of Issuer)
                                
                          Common Stock
______________________________________________________________________________
                 (Title of Class of Securities)
                                
                           47012E106
                   __________________________
                         (CUSIP Number)
                                        

13G CUSIP No. 47012E106 ______________________________________________________________________________ 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. Renaissance US Growth & Income Trust PLC None _______________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) _______________________________________________________________________________ 3. SEC USE ONLY _______________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION England ______________________________________________________________________________ NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: _______________________________________________________________________________ 5. SOLE VOTING POWER 521,739 shares _______________________________________________________________________________ 6. SHARED VOTING POWER None _______________________________________________________________________________ 7. SOLE DISPOSITIVE POWER 521,739 shares _______________________________________________________________________________ 8. SHARED DISPOSITIVE POWER None _______________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 521,739 shares _______________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* Not applicable _______________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.75% _______________________________________________________________________________ 12. TYPE OF REPORTING PERSON IV _______________________________________________________________________________ ITEM 1. (a), (b) JAKKS Pacific, Inc. ("Company") 22761 Pacific Coast Hwy. Malibu, CA 90265 ITEM 2. (a) Name of Person Filing Renaissance US Growth & Income Trust PLC ("Filer") (b) Address of principal Business Office or, if none, Residence 8080 N. Central Expressway, Suite 210, LB 59 Dallas, TX 75206-1857 (c) Citizenship England (d) Title of Class of Securities Common Stock (e) CUSIP Number None ITEM 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) ______ Broker or Dealer registered under Section 15 of the Act (b) ______ Bank as defined in section 3(a)(6) of the Act (c) ______ Insurance Company as defined in section 3(a)(19) of the Act (d) ______ Investment Company registered under section 8 of the Investment Company Act (e) ______ Investment Adviser registered under section 203 of the Investment Advisers Act of 1940 (f) ______ Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see sections 240.13d-1(b)(1)(ii)(F) (g) ______ Parent Holding Company, in accordance with sections 240.13d-1(b)(ii)(G) (Note: See Item 7) (h) ______ Group, in accordance with sections 240.13d-1(b)(1)(ii)(H) ITEM 4. Ownership. (a) Amount Beneficially Owned: At December 31, 1998, the position of Renaissance US Growth and Income Trust PLC in the Company is a $3,000,000 9% Convertible Debenture due December 1, 2003 and convertible into common stock at $5.75 per share, giving this Filer 521,739 shares of the Company's common stock on a fully converted basis. This position is convertible within 60 days. (b) Percent of Class 8.75% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 521,739 shares (ii) shared power to vote or to direct the vote: None (iii) sole power to dispose or to direct the disposition of: 521,739 shares (iv) shared power to dispose or to direct the disposition of: None ITEM 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: 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. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. SIGNATURE 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. /S/ Russell Cleveland Date: March 11, 1999 ___________________________________________ Signature Russell Cleveland, President & Director Renaissance US Growth & Income Trust PLC ___________________________________________ Name and Title