AUTOLIV INC
4, 1998-08-11
MOTOR VEHICLE PARTS & ACCESSORIES
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  FORM 4 
   
  (X)    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 
       
      Croisetiere, Jacques 
      Autoliv, Inc. 
      3350 Airport Road, 
      Ogden,  
      UT 84405, 
      USA 
  
 ____________________________________________________________________________ 
 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                 
      July/August 1998 
 ____________________________________________________________________________ 
 5. If Amendment, Date of Original (Month/Year)                       
  
 ____________________________________________________________________________ 
 6. Relationship of reporting person to Issuer (Check all applicable) 
  (   ) DIRECTOR 
  (   ) 10% OWNER    
  (   ) OFFICER (GIVE TITLE BELOW) 
  ( x ) OTHER (SPECIFY TITLE BELOW) 
      Former member of Autoliv, Inc. Executive Committee: resigned effective
      June 27,1998 
   ____________________________________________________ 
  

 ____________________________________________________________________________ 
 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     
  
 2. Transaction Date (Month/Day/Year) 
     * 
 ____________________________________________________________________________
 3. Transaction Code (Instr. 8) 
      S/I/V 
 ____________________________________________________________________________ 
 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 
      *  (A)(D) 
 ____________________________________________________________________________ 
 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 
      0 
 ____________________________________________________________________________ 
 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) 
      I/V 
 ____________________________________________________________________________ 

 5. Number of Derivative Securities Acquired (A) or Disposed of (D) 
         (Instr. 3, 4, and 5) 
      * (D) 
 ____________________________________________________________________________ 
 6. Date Exercisable and Expiration Date (Month/Day/Year) 
      Exercisable:             Expiration: 
  
  
 ____________________________________________________________________________ 
 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 
      Autoliv, Inc. Common Stock 
 ____________________________________________________________________________ 
 8. Price of Derivative Securities (Instr. 5) 
      * 
  
 ____________________________________________________________________________ 
 9. Number of Derivative Securities Beneficially Owned at End of Month 
         (Instr. 4) 
       0 
 ____________________________________________________________________________ 
 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/  Jacques Croisetiere                     August 6, 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). 
  
 ============================================================================= 
                                     
       
                                                             Attachment 
       
      Date Stock Option             Number of                Exercise
          Exercised             Shares Purchased              Price
      -------------------------------------------------------------------
         7/28/1998                   4,874                    $32.875
         7/30/1998                   5,339                    $33.751
         7/30/1998                   5,292                    $33.751
     (v)  8/3/1998                   4,642                    $34.125 
     --------------------------------------------------------------------

  
     Date Common Stock Sold        Number of                   Sale
                                 Shares Sold                  Price
     -------------------------------------------------------------------
         7/28/1998                  4,874                    $32.875      
         7/30/1998                  5,339                    $33.751      







         7/30/1998                  5,292                    $33.751      
    (v)  8/3/1998                   4,642                    $34.125       




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