AUTOLIV INC
4/A, 1998-09-28
MOTOR VEHICLE PARTS & ACCESSORIES
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  FORM 4A 
   
  (  )  Check this box if no longer 
         subject to Section 16.  Form 4 
         or Form 5 obligations may continue. 
         See Instruction 1(b). 
  
         U.S. SECURITIES AND EXCHANGE COMMISSION       _____________________ 
                 WASHINGTON, D.C.  20549              |   OMB APPROVAL      |
       STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP   |_____________________|
                                                      |OMB NUMBER: 3235-0287|
                                                      |EXPIRES:             |
                                                      | SEPTEMBER 30, 1998  |
       Filed pursuant to Section 16(a) of the         |ESTIMATED AVERAGE    |
         Securities Exchange Act of 1934,             |BURDEN HOURS         |
        Section 17(a) of the Public Utility           |PER RESPONSE 0.5     |
          Holding Company Act of 1935                 |_____________________|
       or Section 30(f) of the Investment 
              Company Act of 1940 
 ____________________________________________________________________________
 1. Name and Address of Reporting Person 
      Odman, Mats 
      Autoliv, Inc. 
      Box 703 81 
      S-107 24 Stockholm 
      Sweden       
 ____________________________________________________________________________
 2. Issuer Name and Ticker or Trading Symbol           
      Autoliv, Inc. (ALV) 
 ____________________________________________________________________________
 3. IRS OR SOCIAL SECURITY NUMBER OF REPORTING PERSON (VOLUNTARY) 
       
 ____________________________________________________________________________
 4. Statement for Month/Year                 
      August 1998 
 ____________________________________________________________________________
 5. If Amendment, Date of Original (Month/Year)                       
      Date filed:  September 9, 1998 
 ____________________________________________________________________________
 6. Relationship of reporting person to Issuer (Check all applicable) 
  (   ) DIRECTOR 
  (   ) 10% OWNER    
  ( x ) OFFICER (GIVE TITLE BELOW) 
  (   ) OTHER (SPECIFY TITLE BELOW) 
      Director of Investor Relations 
   _____________________________________________________ 
  

 ____________________________________________________________________________

 7. Individual, or Joint/Group Filing (Check all applicable) 
  ( X ) Form filed by One Reporting Person 
  (   ) Form filed by More than One Reporting Person 
  
 =========================================================================== 
 TABLE I 
 Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 
 ____________________________________________________________________________
 1. Title of Security (Instr. 3) 
      Autoliv Inc. Common Stock, par value $1.00 per share 
 ____________________________________________________________________________
 2. Transaction Date (Month/Day/Year) 
      
 ____________________________________________________________________________
 3. Transaction Code (Instr. 8) 
       
 ____________________________________________________________________________
 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 
       
 ____________________________________________________________________________
 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 
      400 shares of Common Stock 
 ____________________________________________________________________________
 6. Ownership Form: Direct(D) or Indirect(I) (Instr. 4) 
      D 
 ____________________________________________________________________________
 7. Nature of Indirect Beneficial Ownership (Instr. 4) 
       
 ____________________________________________________________________________
 Reminder:  Report on a separate line for each class of securities 
            beneficially owned directly or indirectly. 
 ============================================================================
 TABLE II 
 Derivative Securities Acquired, Disposed of, or Beneficially Owned 
 (e.g., Puts, Calls, Warrants, Options, Convertible securities) 
 ____________________________________________________________________________
 1. Title of Derivative Security (Instr. 3) 
      Employee Stock Option 
 ____________________________________________________________________________
 2. Conversion or Exercise Price of Derivative Security 
      * 
 ____________________________________________________________________________
 3. Transaction Date (Month/Day/Year) 
      * 
 ____________________________________________________________________________
 4. Transaction Code (Instr. 8) 
      A 

 ____________________________________________________________________________
 5. Number of Derivative Securities Acquired (A) or Disposed of (D) 
         (Instr. 3, 4, and 5) 
      8,425  (A) 
 ____________________________________________________________________________
 6. Date Exercisable and Expiration Date (Month/Day/Year) 
      Exercisable: *      Expiration:  *
 ____________________________________________________________________________
 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 
      8,425 shares of Autoliv, Inc. Common Stock, par value $1.00 per share 
 ____________________________________________________________________________
 8. Price of Derivative Securities (Instr. 5) 
      Conversion into stock options of stock appreciation rights received 
      pursuant to Autoliv, Inc. 1997 Stock Incentive Plan. 
       
 ____________________________________________________________________________
 9. Number of Derivative Securities Beneficially Owned at End of Month 
         (Instr. 4) 
      8,425 
 ____________________________________________________________________________
 10. Ownership Form of Derivative Security: Direct(D) or Indirect(I) 
         (Instr. 4) 
      (D) 
 ____________________________________________________________________________ 
 11. Nature of Indirect Beneficial Ownership (Instr. 4) 
  
  
  
  
 ____________________________________________________________________________
 EXPLANATION OF RESPONSES: 
  
      * See attachment 
  
                                                     
        /s/ Mats Odman                             September 22, 1998     
      ---------------------------------            -------------------------
      **  SIGNATURE OF REPORTING PERSON            DATE 
  
 _____________________________ 
      **   INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE
           FEDERAL CRIMINAL VIOLATIONS.  SEE 18 U.S.C. 1001 AND 15
           U.S.C. 78FF(A). 
 ===========================================================================
  
  
   
  
<TABLE>
<CAPTION>

- -------------------------------------------------------------------------------
   Stock           Stock        Number of      Date       Expiration   Exercise
Appreciation    Appreciation     Options    Exercisable      Date        Price
Right Grant        Right        Resulting
   Date         Conversion        from
                   Date        Conversion  
- -------------------------------------------------------------------------------
<S>               <C>             <C>          <C>         <C>          <C>
 8/5/1997       8/3/1998         3,425      8/5/1998      8/5/2007      $35.75 
 2/4/1998       8/3/1998         5,000      2/4/1999      2/4/2008      $31.07 
- -------------------------------------------------------------------------------
</TABLE>

  
  


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