U.S. SECURITIES AND EXCHANGE COMMISSION
________ Washington, D.C. 20549
| |
| FORM 4 | STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
|________|
Filed pursuant to Section 16(a) of the Securities Exchange
Act of 1934, Section 17(a) of the Public Utility Holding
___ Company Act of 1935 or Section 30(f) of the Investment
| | Check this box Company Act of 1940
|___| if no longer subject OMB Number: 3235-0287
to Section 16. Form 4 Expires: Sept. 30, 1998
or Form 5 obligations
may continue. See in-
struction 1(b).
<TABLE>
_____________________________________________________________________________
|1.Name and Address of |2.Issuer and Ticker|6. Relationship of Reporting |
| Reporting Person | or Trading Symbol| Person to Issuer (check all |
| | | applicable) |
| Cohen, Ben | Blue Fish | (x)Director ( ) 10% Owner |
| | Clothing, Inc. | ( )Officer ( ) Other |
|______________________|___________________| |
|(Last) (First) (MI)|3.IRS or Social| -------------------------- |
| | Security |_____________________________________|
| Route 100 | Number of Re-|4.Statement for|7.Individual or |
| P.O. Box 240 | porting Per- | Month/Year | Joint/Group Filing |
|______________________| son (volun.) | |X- Form filed by One |
|(Street) | | January 1999 | Reporting Person |
| | |_______________|__ Form filed by |
| Waterbury, VT 05676 | |5.If Amendment,| More than One |
|______________________| | Date of Ori- | Reporting Person |
|(City) (State) (Zip) | | ginal | |
|______________________|_______________|_______________|_____________________|
| | TABLE I - Non-Derivative Securities Acquired, |
| | Disposed of, or Beneficially Owned |
|______________________|_____________________________________________________|
|<CAPTION> |
|1.Title of |2.Trans-|3.Trans.|4.Securities |5.Amount |6.Owner-|7.Nature|
| Security | action| action| Acquired (A) or| of Se- | ship | of In-|
| (Instr. 3)| Date | Code | Disposed of (D)| curi- | form: | direct|
| | (Month/| (Instr.| (Instr. 3, 4 | ties | Direct | Bene- |
| | Day/ | 8) | and 5) | Benefi-| (D) or | ficial|
| | Year) |________|_________________| cially | Indi- | Owner-|
| | | | | |(A)| | Owned | rect | ship |
| | |Code| V |Amount|or | Price| End of | (I) | (Instr.|
| | | | | |(D)| | Month | | 4) |
|____________|________|____|___|______|___|______|_________|________|________|
|<S> |<C> |<C> |<C>|<C> |<C>|<C> |<C> |<C> |<C> |
| | | | | | | | | | |
|____________|________|____|___|______|___|______|_________|________|________|
| | | | | | | | | | |
| | | | | | | | | | |
|____________|________|____|___|______|___|______|_________|________|________|
| | | | | | | | | | |
| | | | | | | | | | |
|____________|________|____|___|______|___|______|_________|________|________|
</TABLE>
Reminder: Report on separate line for each class of securities beneficially
owned directly or indirectly/(Print or Type Responses).
*If the form is filed by more than one reporting person, see
Instruction 4(b)(v). SEC 1474 (7-96)
<PAGE>
FORM 4 (continued)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially
Owned (e.g., puts, calls, warrants, options, convertible
securities)
<TABLE>
<CAPTION>
_________________________________________________________________________
|1.Title of Deri- |2.Con- |3.Trans-|4.Trans-|5.Number of |6.Date Exer- |
| vative Security| version| action| action| Derivative | cisable |
| (Instr. 3) | or Ex- | Date | Code | Securities | and Expir- |
| | ercise | (Month/| (Inst.| Acquired | ation Date |
| | Price | Day/ | 8) | (A) or Dis-| mo/day/yr |
| | of | Year) | | posed of |_____________|
| | Deri- | | | (D) (Instr.| Date | Expi-|
| | vative | | | 3, 4 and 5)| Exer-| ra- |
| | Secu- | |________|_____________| cis- | tion |
| | rity | | | | | | able | Date |
| | | |Code| V | (A) | (D) | | |
|_________________|_________|________|____|___|______|______|______|______|
|<S> |<C> |<C> |<C> |<C>|<C> |<C> |<C> |<C> |
| Option to | | | | | | | 1/1/ |12/31/|
| Purchase | $0.63 | 1/1/99 | A | V |12,842| | 99 | 07 |
|_________________|_________|________|____|___|______|______|______|______|
| | | | | | | | | |
| | | | | | | | | |
|_________________|_________|________|____|___|______|______|______|______|
| | | | | | | | | |
| | | | | | | | | |
|_________________|_________|________|____|___|______|______|______|______|
</TABLE>
Continuation of Table II.
<TABLE>
<CAPTION>
______________________________________________________________
|7. Title and Amount|8. Price|9. Number|10. Owner- |11. Nature |
| of Underlying | of | of De-| ship | of In- |
| Securities | Deri-| riva- | Form of| direct |
| (Instr. 3 and 4)| vative| tive | Deriv. | Bene- |
| | Secu-| Secu- | ative | ficial |
|___________________| rity | rities| Securi-| Owner- |
| | Amount| (Inst.| Bene. | ty: Di-| ship |
| | or | 5) | Owned | rect(D)| (Instr.|
| Title | Number| | at End| or In- | 4) |
| | of | | of | direct | |
| | Shares| | Month | (I) | |
|___________|_______|________|_________|___________|___________|
|<C> |<C> |<C> |<C> |<C> |<C> |
| Common | | | | | |
| Stock |12,842 | | 12,842 | D | |
|___________|_______|________|_________|___________|___________|
| | | | | | |
| | | | | | |
|___________|_______|________|_________|___________|___________|
| | | | | | |
| | | | | | |
|___________|_______|________|_________|___________|___________|
</TABLE>
Explanation of Responses:
/s/ Ben Cohen 5/29/99
__________________________ ________
**Signature of Reporting Date
Person
**Intentional misstatements or omissions
of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and
15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be
manually signed. If space provided is insufficient,
see Instruction 6 for procedure.
Page 2
SEC 1474 (7-96)
