The observation of the recently discovered X-ray transient source GRS
1915+105, carried out by the SIGMA telescope on board GRANAT, has sign
ificantly inproved the accuracy of determination of the source positio
n. The analysis of the 40-70 keV image provides localization of the so
urce at alpha = 19h12m51s, delta = 10-degrees-51.4' (1950 equinox) wit
h an error circle with radius of 3.0' (90% confidence). In this observ
ation on 1992 September 23-24, the source flux was detected at the lev
el of 150 +/- 20 mCrab in the 35-70 keV energy range. The spectrum of
GRS. 1915+105, measured by SIGMA in the 35-250 keV energy domain, can
be approximated by a power law with a photon index of -2.5 +/- 0.3. No
evidence for association of GRS 1915+105 with the Soft Gamma Repeater
(SGR) B 1900+14 has been found in the SIGMA data. The position of GRS
1915+105 is approximately 1-degrees-7 apart from the nearest point of
SGR's 2 sigma error box, obtained by the VENERA/KONUS experiment (E.
Mazets, private communication). No soft gamma-ray bursts were also det
ected by SIGMA during 20 hours of observations of the Aquila field. Th
e sensitivity of the GRB-cell to the SGR-type bursts is approximately
1/10 of the brightness of the weakest burst, observed by the KONUS exp
eriment in 1979, and approximately 2/3 of the weakest burst, detected
by BATSE in 1992.