VISKASE COMPANIES INC
8-K, 2000-02-23
PLASTICS PRODUCTS, NEC
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                  SECURITIES AND EXCHANGE COMMISSION

                        Washington, D.C. 20549

                               FORM 8-K

                           CURRENT REPORT


                  Pursuant to Section 13 or 15(d) of the

                      Securities Exchange Act of 1934


Date of Report (Date of earliest event reported) February 23, 2000
                                                 -----------------

                        VISKASE COMPANIES, INC.
       ------------------------------------------------------
       (Exact name of registrant as specified in its charter)

            Delaware                    0-5485           95-2677354
- ---------------------------------   ------------       --------------
(State or other jurisdiction of      (Commission           (I.R.S.
 incorporation or organization)       File No.)            Employer
                                                       Identification
                                                            No.)

6855 West 65th Street, Chicago, Illinois              60638
- -----------------------------------------         -----------
(Address of principal executive offices)           (Zip Code)


Registrant's telephone number, including area code:  (708) 496-4200
                                                    ----------------

===========================================

                       Page 1 of 4 Pages
<PAGE>
Item 5. - Other Events
          ------------
On February 23, 2000, Viskase Companies, Inc. announced that the
Company participated in a Nasdaq Stock Market, Inc. ("Nasdaq") hearing
with respect to the continued listing of the Company's common stock on
the Nasdaq SmallCap Market. On February 22, 2000, the Company was
notified by Nasdaq that, effective as of the close of business on
February 22, 2000, the Company's common stock would be delisted from
the Nasdaq SmallCap Market.

A press release relating to the announcement is attached hereto as
Exhibit 99.


Item 7. -     Financial Statements and Exhibits
              ---------------------------------
  (c)          Exhibits

  EX-99     Press release dated February 23, 2000.


                              SIGNATURES
                              ----------

Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.

                                         VISKASE COMPANIES, INC.
                                         ------------------------
                                         Registrant

                                         By:  /s/ Gordon S. Donovan
                                            -----------------------
                                            Gordon S. Donovan
                                            Vice President, Chief
                                            Financial Officer and
                                            Treasurer

February 23, 2000

                                                     2
<PAGE>
Exhibit No.     Description of Exhibits                        Page
- -----------     ------------------------------------          ------
 EX-99          Press release dated February 23, 2000.          4

                                   3



                                                           EXHIBIT 99


Nasdaq :  VCIC                 For additional information contact:
                               G.S. Donovan (708) 496-4200
                               K.K. Duttlinger (708) 496-4200
                               S.M. Schuster (630) 575-2342


           VISKASE COMPANIES, INC. ANNOUNCES RESULTS OF
              NASDAQ LISTING QUALIFICATIONS HEARING


CHICAGO, ILLINOIS, February 23, 2000 - Viskase Companies, Inc.
(Nasdaq: VCIC) announced today that on February 3, 2000, the Company
participated in a Nasdaq Stock Market, Inc. ("Nasdaq") hearing with
respect to the continued listing of the Company's common stock on the
Nasdaq SmallCap Market. On February 22, 2000, the Company was notified
by Nasdaq that, effective as of the close of business on February 22,
2000, the Company's common stock would be delisted from the Nasdaq
SmallCap Market.

The Company's common stock is eligible to trade on the OTC Bulletin
Board. The Company expects, but there can be no assurance that, market
makers will make a market in the Company's common stock. Investors
should call their brokers for daily pricing and volume information.

                               ###

                                4



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