SECURITIES AND EXCHANGE COMMISSION
Washington DC 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. 10)
______IGI, Inc._____
(Name of Issuer)
Common Stock ($.01 par value
Title of Class of Securities)
___449575 10 9___
CUSIP Number
Check the following box if a fee is being paid with this statement
/__/. (A fee is not required only if the filing person: (1) has a
previous statement on file reporting beneficial ownership of more
than five percent of the class of securities described in Item 1;
and (2) has filed no amendment subsequent thereto reporting
beneficial ownership of five percent or less of such class.)(See
Rule 13d-7.)
*The remainder of this cover page shall e filed 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).
(Continued on following pages(s))
Page 1 of 3 pages
<PAGE>
/CUSIP NO. 449575 10 9 / page 2 of 3 pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Edward B. Hager
###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /__/
(b) /__/
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF
SHARES 5 SOLE VOTING POWER
1,066,050
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
0
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
1,066,050
PERSON WITH 8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,066,050
10 CHECK BOX OF THE AGGREGATE AMOUNT I ROW (9) EXCLUDES CERTAIN
SHARES*
X
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.33%
12 TYPE OF REPORTING PERSON*
IN
<PAGE>
Item 1 (a) Name of Issuer: IGI, Inc.
Item 1 (b) Address of Issuer s Principal Executive Offices:
Wheat Rd. & Lincoln Ave., Buena, NJ 08310
Item 2 (a) Name of Person Filing:
Edward B. Hager
Item 2 (b) Address of Principal Business Office or, if none,
Residence: Wheat Rd. & Lincoln Ave., Buena, NJ 08310
Item 2 (c) Citizenship: United States
Item 2 (d) Title of Class of Securities:
Common Stock ($.01 par value)
Item 2 (e) CUSIP Number: 449575 10 9
Item 4 Ownership:
(a) Amount Beneficially Owned: 1,066,050
(b) Percent of Class 11.33%
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote: 1,066,050
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition
of: 1,066,050
(iv) shared power to dispose or to direct the disposition
of: 0
Signature: 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.
Date: February 14, 1996 /s/ Edward B. Hager__________________
Edward B. Hager
Page 3 of 3
