<PAGE> 1
FILED PURSUANT TO RULE 424(b)(3)
REGISTRATION NO. 333-45443
PROSPECTUS SUPPLEMENT
DATED APRIL 30, 1998
TO THE PROSPECTUS DATED APRIL 10, 1998
ALTERNATIVE LIVING SERVICES, INC.
Alternative Living Services, Inc. (the "Company") has prepared this
Prospectus Supplement to update certain information included in the Company's
Prospectus dated April 10, 1998 relating to the Company's $35,000,000 aggregate
principal amount of Convertible Subordinated Debentures due 2006 (the
"Debentures") issued in a private placement on May 17, 1996 and the 1,717,217
shares of common stock, $.01 par value, of the Company that are issuable upon
conversion of the Debentures, subject to adjustment under certain circumstances.
The table set forth in the Prospectus under the caption "SELLING
SECURITYHOLDERS" is hereby supplemented as follows:
<TABLE>
<CAPTION>
PRINCIPAL PRINCIPAL
AMOUNT AMOUNT
OF OF
DEBENTURES DEBENTURES PERCENT OF
BENEFICIALLY THAT MAY BE OUTSTANDING
NAME OWNED SOLD DEBENTURES
- ---- --------------- ------------- -------------
<S> <C> <C> <C>
Bankers Trust, Trustee for Chrysler Corp. Emp. #1
Pension Plan dated 4/1/89................................... $2,500,000 $2,500,000 7.1%
HBK Finance L.P............................................. 658,000 658,000 1.9
HBK Offshore Fund Ltd....................................... 527,000 527,000 1.5
Mellon Bank NA, Trustee for NYNEX Master
Pension Trust dated 11/1/84................................. 500,000 500,000 1.4
Scofield, Anthony L......................................... 72,250 72,250 *
Scofield, Nanette E......................................... 72,250 72,250 *
SoundShore Partners L.P..................................... 1,900,000 1,900,000 5.4
State Street Bank, Custodian for GE Pension Trust........... 2,500,000 2,500,000 7.1
Tanenbaum, Edith G.......................................... 72,250 72,250 *
</TABLE>
- ----------------------
* Less than 1%
