Optical Observations on GRB971227: #024 A. N. Ramaprakash, S. R. Kulkarni, S. G. Djorgovski, R. R. Gal (Caltech), and S. Perlmutter and B. Grossan (UCB/LBL), report on behalf of the Caltech GRB collaboration: "We have analyzed R-band images of the field of 1SAX J1257.3+5924, proposed as the x-ray counterpart of GRB 971227, obtained at the Keck-II telescope, on UT 1997 Dec 30.8 and UT 1998 Jan 01.8. Our analysis shows no objects brighter than R = 23 mag which have varied significantly by more than 0.2 mag over this 2-day interval (conservative limits). For comparison, a source declining with a standard 1/t power-law would have faded by about 0.5 mag in the same time interval. This upper limit is at least a factor of 10 fainter than the optical transient associated with GRB 970508 at the same relative epoch. In addition, we have obtained r-band images at Palomar 60-inch telescope on UT 1997 Dec 28.4, covering about 80 percent of the 1.5-arcmin radius error circle quoted for the x-ray source. They show no objects brighter than about R = 21 mag which were not also detected in the subsequent Keck images. More refined analysis is in progress." This message may be cited. Please send any comments to Shri Kulkarni (srk@astro.caltech.edu).