解:原式$=4a^2-b^2+3(4a^2-4ab+b^2)$
$=16a^2-12ab+2b^2$
$=4a(4a-3b)+2b^2$
将$a=\frac {3} {4},$$b=\frac {1} {3}$代入得:
$ 4a(4a-3b)+2b^2=4×\frac {3} {4}×(4×\frac {3} {4}-3×\frac {1} {3})+2×{(\frac {1} {3})}^2$
$ =3×(3-1)+\frac {2} {9}$
$ =\frac {56} {9}$