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Washington, D.C. 20549

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

Richard Borkum
Blanchard, Krasner & French
800 Silverado St.
Second Floor
La Jolla, CA 92037

(Date of Event Which Requires Filing of this Statement)

 

 

CUSIP No.		00808Y09	SCHEDULE 13G

*See Response to Item 4 below.

Item 1.

	(a)		The name of the issuer is Aethlon Medical, Inc.
	(b)		The address of the Issuer’s Principal Executive Offices is 3030 Bunker Hill Street, Suite 4000, San Diego, CA 92109.

Item 2.

	(a)		The name of the Reporting Person filing this statement is the Estate of Allan S. Bird.
	(b)		The business address of the Reporting Person is P.O. Box 371179, Las Vegas, Nevada 89137.
	(c)		Allan S. Bird was a citizen of the United States.
	(d)		The title of the class of Securities is Common Stock, par value $.001 per share.
	(e)		CUSIP Number: 00808Y09

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

     Not Applicable.

Item 4. Ownership

	(a)		The Reporting Person beneficially owns 3,206,840 shares.
	(b)		The shares beneficially owned represent 8.03% of the Common Stock.
	(c)		The Reporting Person has:

	(i)		The sole power to vote or to direct the vote of 3,206,840 shares.
	(ii)		No shared power to vote or to direct the vote of shares.
	(iii)		No sole power to dispose or to direct the disposition of shares.
	(iv)		No shared power to dispose or to direct the disposition of shares.

     All ownership information reported on this Schedule has been taken from the Form S-1 for Aethlon Medical, Inc., as filed on February 11, 2008 with the Securities and Exchange Commission. The Reporting Person has relied entirely on this Form S-1 in the preparation of this Schedule.

     The Reporting Person owns three Series A Convertible Notes (the “Notes”) with a total principal amount of $225,000 issued by Aethlon Medical, Inc. (the “Issuer”). The Notes are convertible into units (the “Units”) at a price of $.20 per Unit. Each Unit is composed of one share of Common Stock and one Common Stock Purchase Warrant (the “Warrant”) exercisable to purchase one share of Common Stock at a price of $.20 per share for a term of three years. If the Reporting Person converted the entire principal amount of the Notes and exercised the Warrants, he would own 2,250,000 shares of Common Stock, not counting any Common stock the Reporting Person may already beneficially own as a result of open market purchases or otherwise. However, the Notes and Warrants contain provisions that the Reporting Person cannot, at any point, own more than 9.9% of the issued and outstanding Common Stock of the Issuer. Accordingly the Reporting Person may convert the Notes and exercise the Warrants only to the extent that this total beneficial ownership interest of Common Stock will not exceed 9.9% after such action, including any other shares of Common Stock that the Reporting Person may own.

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 or Control Person.

     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 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 that purpose 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.