<?xml version="1.0"?>
<!-- - EDGAR Ease Plus 1.0                                   04/22/03  TZ    -->
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType>
   <periodOfReport>2003-06-17</periodOfReport>
   <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000098618</issuerCik>
        <issuerName>ALANCO TECHNOLOGIES INC</issuerName>
        <issuerTradingSymbol>alan</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
      <reportingOwnerId>
            <rptOwnerCik>0001194260</rptOwnerCik>
            <rptOwnerName>ANDERSON DONALD E</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>1</isDirector>
         <isOfficer>0</isOfficer>
         <isTenPercentOwner>0</isTenPercentOwner>
         <isOther>0</isOther>
       </reportingOwnerRelationship>
   </reportingOwner>
   <nonDerivativeSecurity>
      <securityTitle>
         <value>Series A Convertible Preferred Stock</value>
      </securityTitle>
      <transactionDate>
         <value>2003-06-17</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>J</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
            <footnoteId id="F1"/>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>360000</value>
         </transactionShares>
         <transactionValue>
           <value>1.3</value>
         </transactionValue>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
     <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>360000</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
            <value>Programmed Land Inc.</value>
         </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeSecurity>
   <nonDerivativeSecurity>
      <securityTitle>
         <value>Class A Common Stock</value>
      </securityTitle>
      <transactionDate>
         <value>2003-06-17</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>J</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
            <footnoteId id="F1"/>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>720000</value>
         </transactionShares>
         <transactionValue>
           <value>.40</value>
         </transactionValue>
         <transactionAcquiredDisposedCode>
           <value>D</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
     <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>0</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
            <value>Programmed Land Inc.</value>
         </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeSecurity>
   <nonDerivativeSecurity>
      <securityTitle>
         <value>Series A Convertible Preferred Stock</value>
      </securityTitle>
      <transactionDate>
         <value>2003-06-17</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>J</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
            <footnoteId id="F1"/>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>448161</value>
         </transactionShares>
         <transactionValue>
           <value>1.3</value>
         </transactionValue>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
     <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>448161</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
            <value>Anderson Family Trust</value>
         </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeSecurity>
   <nonDerivativeSecurity>
      <securityTitle>
         <value>Class A Common Stock</value>
      </securityTitle>
      <transactionDate>
         <value>2003-06-17</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>J</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
            <footnoteId id="F1"/>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>896322</value>
         </transactionShares>
         <transactionValue>
           <value>.40</value>
         </transactionValue>
         <transactionAcquiredDisposedCode>
           <value>D</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
     <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>18000</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
            <value>Anderson Family Trust</value>
         </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeSecurity>
   <derivativeSecurity>
      <securityTitle>
         <value>Class A Common Stock Warrant</value>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>.50</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-06-17</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>J</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
            <footnoteId id="F1"/>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>360000</value>
         </transactionShares>
         <transactionValue>
           <value>0</value>
         </transactionValue>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
         <value>2003-06-17</value>
      </exerciseDate>
      <expirationDate>
         <value>2008-06-30</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Class A Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>360000</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>360000</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
           <value>Programmed Land Inc.</value>
         </natureOfOwnership>
      </ownershipNature>
   </derivativeSecurity>
   <derivativeSecurity>
      <securityTitle>
         <value>Class A Common Stock Warrant</value>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>.50</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-06-17</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>J</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
            <footnoteId id="F1"/>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>448161</value>
         </transactionShares>
         <transactionValue>
           <value>0</value>
         </transactionValue>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
         <value>2003-06-17</value>
      </exerciseDate>
      <expirationDate>
         <value>2008-06-30</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Class A Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>448161</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>360000</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
           <value>Anderson Family Trust</value>
         </natureOfOwnership>
      </ownershipNature>
   </derivativeSecurity>
   <footnotes>
<footnote id="F1"> The Series A Convertible Preferred Stock acquired by the reporting person was received in exchange for two shares of the Company's Class A Common Stock and $.50 for each share of Series A Convertible Preferred Stock (&quot;Series A Preferred&quot;). In addition to the Series A Preferred stock, the investor will receive a warrant to purchase the Company's Class A Common Stock for each share of Series A Preferred Stock acquired, at a strike price of $.50. The Series A Preferred Shares are convertible into three (3) shares of Class A Common Stock. The Preferred stock has not yet been issued as of 7/24/2003. Decision was recently made by the Company to consider the subscription agreement acceptance date to be the transaction date for reporting purposes.</footnote>
   </footnotes>
   <ownerSignature>
      <signatureName>Donald E. Anderson</signatureName>
      <signatureDate>2003-07-24</signatureDate>
   </ownerSignature>
</ownershipDocument>
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X0101
4
2003-06-17
0
0000098618
ALANCO TECHNOLOGIES INC
alan
0001194260
ANDERSON DONALD E
1
0
0
0
Series A Convertible Preferred Stock
2003-06-17
4
J
0
360000
1.3
A
360000
I
Programmed Land Inc.
Class A Common Stock
2003-06-17
4
J
0
720000
.40
D
0
I
Programmed Land Inc.
Series A Convertible Preferred Stock
2003-06-17
4
J
0
448161
1.3
A
448161
I
Anderson Family Trust
Class A Common Stock
2003-06-17
4
J
0
896322
.40
D
18000
I
Anderson Family Trust
Class A Common Stock Warrant
.50
2003-06-17
4
J
0
360000
0
A
2003-06-17
2008-06-30
Class A Common Stock
360000
360000
I
Programmed Land Inc.
Class A Common Stock Warrant
.50
2003-06-17
4
J
0
448161
0
A
2003-06-17
2008-06-30
Class A Common Stock
448161
360000
I
Anderson Family Trust
The Series A Convertible Preferred Stock acquired by the reporting person was received in exchange for two shares of the Company's Class A Common Stock and $.50 for each share of Series A Convertible Preferred Stock ("Series A Preferred"). In addition to the Series A Preferred stock, the investor will receive a warrant to purchase the Company's Class A Common Stock for each share of Series A Preferred Stock acquired, at a strike price of $.50. The Series A Preferred Shares are convertible into three (3) shares of Class A Common Stock. The Preferred stock has not yet been issued as of 7/24/2003. Decision was recently made by the Company to consider the subscription agreement acceptance date to be the transaction date for reporting purposes.
Donald E. Anderson
2003-07-24