United States Securities and Exchange Commission
Washington, DC 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check this box if no longer subject to Section 16
1. Name and Address of Reporting Person
Leimdorfer, Martin
(Last) (First)
c/o Industri-Matematik AB
Kungsgatan 12-14, Box 7733
103 95 Stockholm Sweden
2. Issuer Name and Ticker or Trading Symbol
INDUSTRI-MATEMATIK INTERNATIONAL CORP. (IMIC)
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
4. Statement for Month/Year
6/99
5. If Amendment, Date if Original
6. Relationship of Reporting Person(s) to Issuer
Director
7. Individual or Joint/Group Filing (check applicable line)
_x_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
<TABLE>
Table I -- Non Derivative Securities Acquired, Disposed of or Beneficially Owned
<S> <C> <C> <C> <C> <C> <C>
1.Title of Security 2.Transaction Date 3.Transaction Code 4.Securities Acquired (A) 5.Amount of 6.Owner- 7.Nature of
(Instr.3) (Month/Day/Year) (Instr.8) Or Disposed of (D) Securities Ship Indirect
(Instr.3,4 and 5) Beneficially Form: Beneficial
Owned at Direct Owner-
End of Month (D) or Ship
Indirect
(A) or (I)
Code V Amount (D) Price (Instr.3 and 4) (Instr. 4)
Common Stock 6/28/99 J(1) 3,067,017 D(1) (1)
Common Stock 6/28/99 J(1) 3,067,017 A(1) (1) 3,067,017 I (1)
(1) The securities were exchanged in a private transaction for a deferred
variable annuity which, because of its deferred and variable nature,
cannot be valued currently. The Reporting Person no longer has the
power to vote the transferred securities, but because the value of
his annuity depends on the value of the securities, he may be
deemed to have indirect beneficial ownership of those securities.
</TABLE>
__/S/ MARTIN LEIMDORFER_________ July 6, 1999
Signature of Reporting Person Date
