SC 13G: Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities by passive investors and certain institutions

Published on February 11, 2000



SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

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SCHEDULE 13G
(RULE 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(AMENDMENT NO. __ )(1)


Microvision, Inc.
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(NAME OF ISSUER)


Common Stock, No Par Value Per Share
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(TITLE OF CLASS OF SECURITIES)


594960 10 6
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(CUSIP NUMBER)


February 1, 2000
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(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

/ / Rule 13d - 1(b)
/X/ Rule 13d - 1(c)
/ / Rule 13d - 1(d)

- ----------

(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing of this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
could alter the disclosures provided in a prior cover page.

The information required on 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).

Page 1 of 7



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CUSIP NO. 594960 10 6 13G PAGE 2 OF 7 PAGES
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- -
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

Capital Ventures International
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) / /

(B) / /
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3 SEC USE ONLY

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4 CITIZENSHIP OR PLACE OF ORGANIZATION

CAYMAN ISLANDS
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5 SOLE VOTING POWER
NUMBER OF
SHARES 564,343
----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 564,343**
----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 564,343
----------------------------------------------------
8 SHARED DISPOSITIVE POWER

564,343**
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

564,343
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

5.4%
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12 TYPE OF REPORTING PERSON*

CO

** Heights Capital Management, Inc. is the investment advisor to Capital
Ventures International and, as such, may exercise voting and dispositive power
over these shares.





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CUSIP NO. 594960 10 6 13G PAGE 3 OF 7 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

Heights Capital Management, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) / /

(B) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY

- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION

DELAWARE
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5 SOLE VOTING POWER
NUMBER OF
SHARES 0
-----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 564,343**
-----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER

564,343**
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

564,343

- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------

11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

5.4%
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12 TYPE OF REPORTING PERSON*

CO
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** Heights Capital Management, Inc. is the investment advisor to Capital
Ventures International and, as such, may exercise voting and dispositive power
over these shares.



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CUSIP NO. 594960 10 6 13G PAGE 4 OF 7 PAGES
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ITEM 1(a). NAME OF ISSUER:
Microvision, Inc. (the "Company").

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
2203 Airport Way South, Suite 100, Seattle, Washington 98134

ITEM 2(a). NAME OF PERSON FILING:

(1) Capital Ventures International (a "Reporting Person")

(2) Heights Capital Management, Inc. (a "Reporting
Person")

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

(1) One Capitol Place, P.O. Box 1787 GT, Grand Cayman
Islands, B.W.I.

(2) 425 California Street, San Francisco, California
94104

ITEM 2(c). CITIZENSHIP:

(1) Cayman Islands

(2) Delaware

ITEM 2(d). TITLE OF CLASS OF SECURITIES:

Common Stock, no par value per share, of the Company ("Common
Stock").

ITEM 2(e). CUSIP NUMBER:

594960 10 6

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR
13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:

(a) / / Broker or dealer registered under Section 15 of
the Exchange Act;

(b) / / Bank as defined in Section 3(a)(6) of the
Exchange Act;

(c) / / Insurance company as defined in Section 3(a)(19)
of the Exchange Act;

(d) / / Investment company registered under Section 8 of
the Investment Company Act;

(e) / / An investment adviser in accordance with Rule
13-d(b)(1)(ii)(E);

(f) / / An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F);

(g) / / A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G);

(h) / / A savings association as defined in Section 3(b)
of the Federal Deposit Insurance Act;

(i) / / A church plan that is excluded from the
definition of an investment company under Section
3(c)(14) of the Investment Company Act;

(j) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

If this statement is filed pursuant to Rule 13d-1(c), check
this box. /X/

ITEM 4. OWNERSHIP.

(1) Capital Ventures International

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CUSIP NO. 594960 10 6 13G PAGE 5 OF 7 PAGES
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(a) Amount beneficially owned:

564,343

(b) Percent of Class:

5.4%

(c) Number of shares to which such person has:

(i) Sole power to vote or direct the vote:

564,343

(ii) Shared power to vote or direct the vote:

564,343

(iii) Sole power to dispose or to direct the
disposition of:

564,343

(iv) Shared power to dispose of or direct the
disposition of:

564,343

(2) Heights Capital Management, Inc.

(a) Amount beneficially owned:

564,343

(b) Percent of Class.

5.4%

(c) Number of shares to which such person has:

(i) Sole power to vote or direct the vote.

0

(ii) Shared power to vote or direct the vote:

564,343




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CUSIP NO. 594960 10 6 13G PAGE 6 OF 7 PAGES

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(iii) Sole power to dispose or to direct the
disposition of.

0

(iv) Shared power to dispose of or direct the
disposition of:

564,343



ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

Not applicable

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 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 A 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 not acquired
and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the
securities and were not acquired and are not held in
connection with or as a participant in any transaction having
such purpose or effect.



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CUSIP NO. 594960 10 6 13G PAGE 7 OF 7 PAGES
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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.


Date: FEBRUARY 10, 2000


CAPITAL VENTURES INTERNATIONAL

By: Heights Capital Management, Inc.,
pursuant to a Limited Power of Attorney, a
copy of which is filed as Exhibit A hereto.


By: /s/ Michael Spolan
-------------------------------
Michael Spolan, General Counsel
and Secretary



HEIGHTS CAPITAL MANAGEMENT, INC.


By: /s/ Michael Spolan
-------------------------------
Michael Spolan, General Counsel
and Secretary








EXHIBIT INDEX



EXHIBIT NO. DESCRIPTION

A Limited Power of Attorney

B Joint Filing Agreement, dated February 10,
2000, pursuant to Rule 13d-1(k) between
Capital Ventures International and Heights
Capital Management, Inc.