UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
McFadden, George
McFadden Brothers
745 Fifth Avenue
New York, New York 10151
2. Date of Event Requiring Statement (Month/Day/Year)
10/31/96
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Triangle Pharmaceuticals, Inc.
(VIRS)
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director (X) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
6. If Amendment, Date of Original (Month/Day/Year)
10/31/96
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>
<CAPTION>
___________________________________________________________________________________________________________________________________
Table I -- Non-Derivative Securities Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C>
Common Stock |400,000 |D | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |80,000 |I |by wife |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |100,000 |I |by limited partnership (1) |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |588,000 |I |by trust (2) |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |265,000 |I |by trusts (3) |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
Table II -- Derivative Securitites Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C> <C> <C> <C>
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
(1) Held by McFadden Brothers, L.P., a limited partnership of which the
undersigned is general partner. The
undersigned disclaims beneficial ownership of these shares except to the extent
of his individual interest in such
limited partnership.
(2) Held by a trust of which the undersigned is co-trustee and co-beneficiary.
The undersigned disclaims
beneficial ownership of these shares except to the extent of his individual
interest in such trust.
(3) Held by four trusts for the benefit of children. The undersigned
disclaims beneficial ownership of these shares.
SIGNATURE OF REPORTING PERSON
George McFadden
DATE
December 2, 1996
