UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Farrel Corporation
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(Name of Issuer)
Common Stock, $0.01 par value
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(Title of Class of Securities)
311-667-109
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(CUSIP Number)
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.
The information required in the remainder of this cover page shall
not be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to the
liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes).
Page 1 of 5
<PAGE>
CUSIP No. 311-667-109 13G PAGE 2 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Alberto Shaio
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
Not applicable (b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Great Britain
5 SOLE VOTING POWER
NUMBER OF 297,581
SHARES
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON
WITH 7 SOLE DISPOSITIVE POWER
297,581
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
297,581
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not applicable
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.9%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
Page 3 of 5
Item 1(a) NAME OF THE ISSUER:
Farrel Corporation
Item 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
25 Main Street, Ansonia, Connecticut 06401
Item 2(a) NAME OF PERSON FILING:
Alberto Shaio
Item 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
25 Main Street, Ansonia, Connecticut 06401
Item 2(c) CITIZENSHIP:
Great Britain
Item 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.01
Item 2(e) CUSIP NUMBER:
311-667-109
Item 3 Not Applicable
Item 4 OWNERSHIP AS OF DECEMBER 31, 1994:
(a) Amount Beneficially Owned 297,581
(b) Percent of Class 4.9%
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Page 4 of 5
(c) Number of Shares as to which such person has:
(i) sole power to vote or direct the vote: 297,581
(ii) shared power to vote or direct the vote: -0-
(iii) sole power to dispose of or to direct
the disposition of: 297,581
(iv) shared power to dispose of or to direct
the disposition of: -0-
Item 5 Ownership of Five Percent or Less
of a Class:
If this statement is being filed to report the
fact that as of the date hereof the reporting
person has ceased to be the beneficial
owner of more than five percent of the class
of securities, check the following [ X ].
Item 6 Ownership of more than Five Percent
on Behalf of Another Person:
Not Applicable
Item 7 Identification and Classification of the
Subsidiary Which Acquired the
Security Being Reported on By the
Parent Holding Company:
Not Applicable
Item 8 Identification and Classification of
Members of the Group:
Not Applicable
Item 9 Notice of Dissolution of Group:
Not Applicable
Item 10 Certification:
Not Applicable
<PAGE>
Page 5 of 5
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
February 12, 1997
/s/ Alberto Shaio
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Signature: Alberto Shaio
