SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13D


                    Under the Securities Exchange Act of 1934
                                (Amendment No. 7)

                              Audiovox Corporation
                                (Name of Issuer)

                    Common Stock, Par Value, $0.01 Per Share
                         (Title of Class of Securities)

                                    050757103
                                 (CUSIP Number)

                             Stephen M. Davis, Esq.
                               Werbel & Carnelutti
                           A Professional Corporation

           711 Fifth Avenue, New York, New York 10022, (212) 832-8300
            (Name, Address and Telephone Number of Person Authorized
                     to Receive Notices and Communications)

                                December 19, 1996
             (Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13-d-1(b)(3) or (4), check the following box [ ].

Check the following box if a fee is being paid with the statement [ ].  (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)

Note:  Six copies of this statement, including all exhibits, should be filed
with the Commission.  See Rule 13d-1(a) for other parties to whom copies are to
be sent.

*  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 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 purposes 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 10 Pages

                                 SCHEDULE 13D

- -------------------                                    -----------------
CUSIP No. 050757103                                    Page 2 of 10 Pages
- -------------------                                    ------------------

===============================================================================
1  NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
   The SC Fundamental Value Fund, L.P.
                                        
- --------------------------------------------------------------------------------
2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*             (a)  [X]
                                                                 (b)  [ ]
- --------------------------------------------------------------------------------
3  SEC USE ONLY

- --------------------------------------------------------------------------------
4  SOURCE OF FUNDS*
   00
- --------------------------------------------------------------------------------
5  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
   PURSUANT TO ITEMS 2(d) or 2(E)                                     [ ]

- --------------------------------------------------------------------------------
6  CITIZENSHIP OR PLACE OF ORGANIZATION
   Delaware   
- --------------------------------------------------------------------------------
       NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- --------------------------------------------------------------------------------
7  SOLE VOTING POWER
   0
- --------------------------------------------------------------------------------
8  SHARED VOTING POWER
   646,667 (constitutes 646,667 shares underlying convertible debentures)
                 
- --------------------------------------------------------------------------------
9  SOLE DISPOSITIVE POWER
   0
- --------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
   646,667 (constitutes 646,667 shares underlying convertible debentures)

- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   646,667 (constitutes 646,667 shares underlying convertible debentures)
               
- --------------------------------------------------------------------------------
12  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    4.4%
- --------------------------------------------------------------------------------
14  TYPE OF REPORTING PERSON*
    PN      
==============================================================================
                  *SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)

                                 SCHEDULE 13D

- -------------------                                    --------------------
CUSIP No. 050757103                                    Page 3 of 10 Pages
- -------------------                                    --------------------

==============================================================================
1  NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
   SC Fundamental Value BVI, Inc.
                                     
- --------------------------------------------------------------------------------
2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*             (a)  [X]
                                                                 (b)  [ ]
- --------------------------------------------------------------------------------
3  SEC USE ONLY

- --------------------------------------------------------------------------------
4  SOURCE OF FUNDS*
   00    
- --------------------------------------------------------------------------------
5  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
   PURSUANT TO ITEMS 2(d) or 2(E)                                     [ ]

- --------------------------------------------------------------------------------
6  CITIZENSHIP OR PLACE OF ORGANIZATION
   Delaware       
- --------------------------------------------------------------------------------
       NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- --------------------------------------------------------------------------------
7  SOLE VOTING POWER
   0
- --------------------------------------------------------------------------------
8  SHARED VOTING POWER
   342,317 (constitutes 342,317 shares underlying convertible debentures)
- --------------------------------------------------------------------------------
9  SOLE DISPOSITIVE POWER
   0
- --------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
   342,317 (constitutes 342,317 shares underlying convertible debentures)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   342,317 (constitutes 342,317 shares underlying convertible debentures)
- --------------------------------------------------------------------------------
12  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 
    CERTAIN SHARES*                                                   [ ]
- --------------------------------------------------------------------------------
13  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    2.4%     
- --------------------------------------------------------------------------------
14  TYPE OF REPORTING PERSON*
    CO
==============================================================================
                  *SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)

                                 SCHEDULE 13D

- -------------------                                    --------------------
CUSIP No. 050757103                                    Page 4 of 10 Pages
- -------------------                                    --------------------

==============================================================================
1  NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
   SC Fundamental Inc.
                             
- --------------------------------------------------------------------------------
2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*             (a)  [X]
                                                                 (b)  [ ]
- --------------------------------------------------------------------------------
3  SEC USE ONLY

- --------------------------------------------------------------------------------
4  SOURCE OF FUNDS*
   Not Applicable
                          
- --------------------------------------------------------------------------------
5  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
   PURSUANT TO ITEMS 2(d) or 2(E)                                     [ ]

- --------------------------------------------------------------------------------
6  CITIZENSHIP OR PLACE OF ORGANIZATION
   Delaware         
- --------------------------------------------------------------------------------
       NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- --------------------------------------------------------------------------------
7  SOLE VOTING POWER
   0
- --------------------------------------------------------------------------------
8  SHARED VOTING POWER
   646,667 (constitutes 646,667 shares underlying convertible debentures)
                 
- --------------------------------------------------------------------------------
9  SOLE DISPOSITIVE POWER
   0
- --------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
   646,667 (constitutes 646,667 shares underlying convertible debentures)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   646,667 (constitutes 646,667 shares underlying convertible debentures)
- --------------------------------------------------------------------------------
12  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 
    CERTAIN SHARES*                                                   [ ]
- --------------------------------------------------------------------------------
13  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    4.4%      
- --------------------------------------------------------------------------------
14  TYPE OF REPORTING PERSON*
    CO           
==============================================================================
                  *SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)

                                 SCHEDULE 13D

- -------------------                                    --------------------
CUSIP No. 050757103                                    Page 5 of 10 Pages
- -------------------                                    --------------------

==============================================================================
1  NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
   Gary N. Siegler
                     
- --------------------------------------------------------------------------------
2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*             (a)  [ ]
                                                                 (b)  [X]
- --------------------------------------------------------------------------------
3  SEC USE ONLY

- --------------------------------------------------------------------------------
4  SOURCE OF FUNDS*
   Not Applicable   
- --------------------------------------------------------------------------------
5  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
   PURSUANT TO ITEMS 2(d) or 2(E)                                     [ ]

- --------------------------------------------------------------------------------
6  CITIZENSHIP OR PLACE OF ORGANIZATION
   United States             
- --------------------------------------------------------------------------------
       NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- --------------------------------------------------------------------------------
7  SOLE VOTING POWER
   0
- --------------------------------------------------------------------------------
8  SHARED VOTING POWER
   994,633 (constitutes 994,633 shares underlying convertible debentures)
          
- --------------------------------------------------------------------------------
9  SOLE DISPOSITIVE POWER
   0
- --------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
   994,633 (constitutes 994,633 shares underlying convertible debentures)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   994,633 (constitutes 994,633 shares underlying convertible debentures)
- --------------------------------------------------------------------------------
12  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 
    CERTAIN SHARES*                                                   [ ]
- --------------------------------------------------------------------------------
13  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    6.6%           
- --------------------------------------------------------------------------------
14  TYPE OF REPORTING PERSON*
    IN           
==============================================================================
                  *SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)

                                 SCHEDULE 13D

- -------------------                                    --------------------
CUSIP No. 050757103                                    Page 6 of 10 Pages
- -------------------                                    --------------------

==============================================================================
1  NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
   Siegler, Collery & Co.'s Employees' Saving & Profit Sharing Plan
                     
- --------------------------------------------------------------------------------
2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*             (a)  [ ]
                                                                 (b)  [X]
- --------------------------------------------------------------------------------
3  SEC USE ONLY

- --------------------------------------------------------------------------------
4  SOURCE OF FUNDS*
   Not Applicable   
- --------------------------------------------------------------------------------
5  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
   PURSUANT TO ITEMS 2(d) or 2(E)                                     [ ]

- --------------------------------------------------------------------------------
6  CITIZENSHIP OR PLACE OF ORGANIZATION
   Delaware
- --------------------------------------------------------------------------------
       NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- --------------------------------------------------------------------------------
7  SOLE VOTING POWER
   0
- --------------------------------------------------------------------------------
8  SHARED VOTING POWER
   5,649 (Includes 5,649 shares underlying convertible debentures.)
          
- --------------------------------------------------------------------------------
9  SOLE DISPOSITIVE POWER
   0
- --------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
   5,649 (Includes 5,649 shares underlying convertible debentures.)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   5,649 (Includes 5,649 shares underlying convertible debentures.)
- --------------------------------------------------------------------------------
12  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 
    CERTAIN SHARES*                                                   [ ]
- --------------------------------------------------------------------------------
13  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    .04%           
- --------------------------------------------------------------------------------
14  TYPE OF REPORTING PERSON*
    EP           
==============================================================================
                  *SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)

                                 SCHEDULE 13D

- -------------------                                    --------------------
CUSIP No.  050757103                                   Page 7 of 10 Pages
- -------------------                                    --------------------

==============================================================================
1  NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
   Peter M. Collery

- --------------------------------------------------------------------------------
2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*             (a)  [ ]
                                                                 (b)  [X]
- --------------------------------------------------------------------------------
3  SEC USE ONLY

- --------------------------------------------------------------------------------
4  SOURCE OF FUNDS*
   Not Applicable       
- --------------------------------------------------------------------------------
5  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
   PURSUANT TO ITEMS 2(d) or 2(E)                                     [ ]

- --------------------------------------------------------------------------------
6  CITIZENSHIP OR PLACE OF ORGANIZATION
   United States        
- --------------------------------------------------------------------------------
       NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- --------------------------------------------------------------------------------
7  SOLE VOTING POWER
   0
- --------------------------------------------------------------------------------
8  SHARED VOTING POWER
   994,633  (constitutes 994,633 shares underlying convertible debentures)
- --------------------------------------------------------------------------------
9  SOLE DISPOSITIVE POWER
   0
- --------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
   994,633 (constitutes 994,633 shares underlying convertible debentures)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   994,633 (constitutes 994,633 shares underlying convertible debentures)
- --------------------------------------------------------------------------------
12  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES 
    CERTAIN SHARES*                                                   [X]
- --------------------------------------------------------------------------------
13  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    6.6%
              
- --------------------------------------------------------------------------------
14  TYPE OF REPORTING PERSON*
    IN      
==============================================================================
                  *SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)

                                                    Page 8 of 10 Pages
                                  AMENDMENT 
                                     NO. 7
                                    TO THE
                                 SCHEDULE 13D

     The Reporting Persons consisting of SC Fundamental Inc., The SC
Fundamental Value Fund, L.P., SC Fundamental Value BVI, Inc., Siegler, Collery
& Co.'s Employees' Saving and Profit Sharing Plan, Gary N. Siegler and Peter
M. Collery, hereby amend their Schedule 13D relating to the Common Stock, par
value $0.01 per share, of Audiovox Corporation, ("the Issuer"), as set forth
herein.

Item 3.   Source and Amount of Funds or Other Consideration
          Not Applicable.

Item 5.   Interest in Securities of the Issuer
          (a) As of the close of business on December 20, 1996, the Reporting
Persons, by virtue of the language of Rule 13d-3, may be deemed to own
beneficially in the aggregate the numbers and percentages of the Issuer's
Common Stock set forth opposite their names below (based upon the number of
shares of the Issuer's Common Stock that were reported to be outstanding in
the Issuer's Press Release dated November 26, 1996).

============================================================================== Name Shares Percentage - -------------------------------------------------------------------------------- SC Fundamental Inc. 646,667 4.4 - -------------------------------------------------------------------------------- The SC Fundamental Value Fund, L.P. 646,667 4.4 - -------------------------------------------------------------------------------- SC Fundamental Value BVI, Inc. 342,317 2.4 - -------------------------------------------------------------------------------- Gary N. Siegler 994,633 6.6 - -------------------------------------------------------------------------------- Peter M. Collery 994,633* 6.6 - -------------------------------------------------------------------------------- Siegler, Collery & Co.'s Employees' Saving and Profit Sharing Plan 5,649 .04% ================================================================================ - ---------------- * Excludes 16,500 shares of the Issuer's Common Stock owned by a charitable organization for which Mr. Collery acts as a Trustee. Mr. Collery may be deemed to be the beneficial owner pursuant to Rule 13d-3; however, Mr. Collery expressly disclaims personal beneficial ownership thereof. Page 9 of 10 Pages (c) The following table sets forth transactions effected by the Fund and BVI Inc., on behalf of BVI Ltd., in the last 60 days or since the last filing, whichever is earlier. Unless otherwise noted, each of the transactions reflects a sale by means of trades on the American Stock Exchange.
============================================================================== BVI Inc. on Price per behalf of BVI Trade Date Share ($) Fund (Shares) Ltd. - -------------------------------------------------------------------------------- 11/27/96 5.129 32,600 17,400 - ------------------------------------------------------------------------------- 12/02/96 5.129 3,700 2,100 - -------------------------------------------------------------------------------- 12/10/96 5.188 39,200 20,800 - -------------------------------------------------------------------------------- 12/19/96 5.709 324,900 124,400 - -------------------------------------------------------------------------------- 12/20/96 5.939 408,100 264,300 - -------------------------------------------------------------------------------- Page 10 of 10 Pages After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Dated: December 23, 1996 SC FUNDAMENTAL INC. By: /s/ Peter M. Collery - --------------------------------------- Neil H. Koffler as Attorney-in-Fact for Peter M. Collery, Vice President* THE SC FUNDAMENTAL VALUE FUND, L.P. By: SC FUNDAMENTAL INC. By: /s/ Peter M. Collery - --------------------------------------- Neil H. Koffler as Attorney-in-Fact for Peter M. Collery, Vice President* SC FUNDAMENTAL VALUE BVI, INC. By: /s/ Peter M. Collery - --------------------------------------- Neil H. Koffler as Attorney-in-Fact for Peter M. Collery, Vice President* /s/ Gary N. Siegler - --------------------------------------- Neil H. Koffler as Attorney-in-Fact for Gary N. Siegler* /s/ Peter M. Collery - --------------------------------------- Neil H. Koffler as Attorney-in-Fact for Peter M. Collery* SIEGLER, COLLERY & CO.'S EMPLOYEES' SAVING & PROFIT SHARING PLAN By: /s/ Peter M. Collery - ----------------------------------------------------------------- Neil H. Koffler as Attorney-in-Fact for Peter M. Collery, Trustee * Executed by Neil H. Koffler as Attorney-in-Fact for Peter M. Collery and Gary N. Siegler. The Powers of Attorney for Peter M. Collery and Gary N. Siegler appointing Neil H. Koffler as Attorney-in-Fact were filed by the Reporting Persons as Exhibit A to Amendment No. 5 of Schedule 13D relating to US Facilities Corporation on August 4, 1995 and is hereby incorporated herein by reference.87337