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

                                SCHEDULE 13G

                 Under the Securities Exchange Act of 1934

                             (Amendment No.  )


                          Optical Cable Corporation
                               (Name of Issuer)


                                Common Stock
                       (Title of Class of Securities)


                                 683827109
                               (CUSIP Number)


                              September 25, 2001
            (Date of Event Which Requires Filing of this Statement)


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

         [X]  Rule 13d-1(b)

         [_]  Rule 13d-(c)

         [_]  Rule 13d-1(d)


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
the disclosures provided in a prior cover page.

The information required in 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 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).




CUSIP No.     683827109                  13G                 Page 2 of 6  Pages


1.  NAME OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

    Bear, Stearns Companies Inc.
    IRS# 13-3286161
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions)
                                                                        (a)  [_]
                                                                        (b)  [_]
________________________________________________________________________________
3. SEC USE ONLY

________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION

   Delaware
________________________________________________________________________________
  NUMBER OF     5.   SOLE VOTING POWER

   SHARES             **
               _________________________________________________________________
BENEFICIALLY    6.   SHARED VOTING POWER

  OWNED BY            **
               _________________________________________________________________
    EACH        7.   SOLE DISPOSITIVE POWER

  REPORTING           **
               _________________________________________________________________
   PERSON       8.   SHARED DISPOSITIVE POWER

    WITH              **
________________________________________________________________________________
9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    **
________________________________________________________________________________
10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
                                                                          [_]
________________________________________________________________________________
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     **
________________________________________________________________________________
12.  TYPE OF REPORTING PERSON*

     HC
________________________________________________________________________________


CUSIP No.     683827109              13G                      Page 3 of 6 Pages


1.  NAME OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

    Bear, Stearns Securities Corp.
    IRS# 13-3604093
________________________________________________________________________________
2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions)
                                                                       (a)  [_]
                                                                       (b)  [_]
________________________________________________________________________________
3.  SEC USE ONLY

________________________________________________________________________________
4.  CITIZENSHIP OR PLACE OF ORGANIZATION

    Delaware
________________________________________________________________________________
  NUMBER OF     5.   SOLE VOTING POWER

   SHARES            **
               _________________________________________________________________
BENEFICIALLY    6.   SHARED VOTING POWER

  OWNED BY           **
               _________________________________________________________________
    EACH        7.   SOLE DISPOSITIVE POWER

  REPORTING          **
               _________________________________________________________________
   PERSON       8.   SHARED DISPOSITIVE POWER

    WITH             **
________________________________________________________________________________
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     **
________________________________________________________________________________
10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
                                                                          [_]
________________________________________________________________________________
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     **
________________________________________________________________________________
12.  TYPE OF REPORTING PERSON*

     BD
________________________________________________________________________________


CUSIP No.     683827109                 13G                   Page 4 of 6 Pages

Item 1(a).  Name of Issuer is	Optical Cable Corporation (the "Issuer").

Item 1(b).  The principal executive office of the Issuer is located at
            5290 Concourse Drive, Roanoke, Virginia 24019.

Item 2(a).  The names of persons filing this statement is the Bear, Stearns
            Companies Inc. (the "Filer").

Item 2(b).  The principal business office of the Filer is located at
            245 Park Avenue, New York, New York 10167.

Item 2(c).  The Filer is Incorporated in Delaware.

Item 2(d).  This statement relates to shares of common stock of the Issuer.

Item 2(e).  The CUSIP number of the Securities is 683827109.

Item 3.     If this statement is filed pursuant to rule 240.13d-1(b) or
            240.13d-2(b) or (c), check whether the person filing is a:

            (a) [_] Broker or dealer registered under Section 15 of the
                     Act (15 U.S.C.78o).

            (b) [_] Bank as defined in Section 3(a)(6) of the Act(15 U.S.C.78c).

            (c) [_] Insurance  company as defined in Section 3(a)(19) of
                     the Act (15 U.S.C. 78c).

            (d) [_] Investment  company  registered under Section 8 of the
                     Investment Company Act of 1940 (15 U.S.C. 80a-8).

            (e) [_] An investment adviser in accordance with
                    rule 13d-1(b)(1)(ii)(E);

            (f) [_] An employee  benefit plan or endowment  fund in accordance
                    with rule 13d-1(b)(1)(ii)(F);

            (g) [X] 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 (12 U.S.C. 1813);

            (i) [_] A church  plan  that  is  excluded  from  the  definition
                    of an investment company under Section 3(c)(14) of the
                    Investment Company Act of 1940 (15 U.S.C. 80a-3);

            (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.   [_]



CUSIP No.     683827109                  13G               Page 5 of 6 Pages


Item 4.    Ownership.

           **

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 on by the Parent Holding Company.

	   Bear, Stearns Securities Corp is a subsidiary of The Bear Stearns
	   Companies Inc.

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 and are held in the
ordinary course of business and were not acquired and 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.


** Filer is in the process of liquidating shares held in the account of
Robert Kopstein pursuant to his margin account.  The number of shares
to be liquidated is dependent upon the market agreement price at the
time of liquidation and therefore is not readily determinable. As of
November 1, 2001, an aggregate amount of 13,926,200 shares would need
to be sold to satisfy the margin requirements.  The Filer intends on
liquidating only such number of shares as required to meet the margin
requirements and does not intend to vote or direct the vote of such
shares. If all the foregoing shares are sold, the Filer would
have sold 24.87% of the shares of the Issuer. The Filer disclaims
beneficial ownership of any such shares.






CUSIP No.     683827109                   13G       Page 6 of 6 Pages


                                   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:   November 2, 2001


                                         THE BEAR STEARNS COMPANIES INC.



                                          By:____________________________
    			               	  Name:  Michael Alix
				          Title: Senior Managing Director




Attention.  Intentional  misstatements or omissions of fact constitute Federal
criminal violations (see 18 U.S.C. 1001).