SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3 )*
ICO, Inc.
________________________________________
(Name of Issuer)
Common Stock
________________________________________
(Title of Class of Securities)
44929420
_________________________
(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 the 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).
(Continued on following page(s))
CUSIP No. 44929420 13G
__________ ___ ___
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Metropolitan Life Insurance Company
(I.R.S. NO. 13-5581829)
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] Not applicable.
(b) [ ] Not applicable.
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
A New York corporation.
5. SOLE VOTING POWER
0
NUMBER OF
SHARES 6. SHARED VOTING POWER
BENEFICIALLY - 0 -
OWNED BY EACH
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON WITH 0
8. SHARED DISPOSITIVE POWER
- 0 -
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
0
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES*
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
12. TYPE OF REPORTING PERSON*
HC, IC
SCHEDULE 13G
Item 1 (a). Name of Issuer
ICO, Inc.
Item 1 (b). Address of Issuer's Principal
Office:
100 Glenborough Drive Suite 250
Houston, TX 77067
Item 2 (a). Name of Person Filing
Metropolitan Life Insurance Company
By Jane C. Weinberg, Associate General Counsel.
Item 2 (b) Address of Principal Business
Office:
One Madison Avenue
New York, New York 10010.
Item 2 (c). Citizenship
A New York corporation.
Item 2 (d). Title of Class of Securities
Common Stock
Item 2 (e). CUSIP Number
44929420
Item 3. If this statement is filed pursuant to
Rules 13d-1(b), or 13d-2(b), check whether the person
filing is a:
(a) [ ] Broker or Dealer registered under Section
15 of the Act.
(b) [ ] Bank as defined in Section 3 (a) (6) of
the Act.
(c) [X] Insurance Company as defined in Section 3
(a) (19) of the Act.
(d) [ ] Investment Company registered under
Section 8 of the Investment Company Act.
(e) [ ] Investment Adviser registered under
Section 203 of the Investment Advisers Act of 1940.
(f) [ ] Employee Benefit Plan, Pension Fund which
is subject to the provisions of the Employee Retirement
Income Security Act of 1974 or Endowment Fund
(g) [X] Parent Holding Company, in accordance
with Section 240.13d-1(b) (ii) (G) (Note: See Item 7).
(h) [ ] Group, in accordance with Section
240.13d-1 (b) (1) (ii) (H)
SCHEDULE 13G
Item 4. Ownership.
If the percent of the class owned, as of December 31 of
the year covered by the statement, or as of the last
day of any month described in Rule 13d-1(b) (2), if
applicable, exceeds five percent, provide the following
information as of that date and identify those shares
which there is a right to acquire.
(a) Amount Beneficially Owned: N/A
(b) Percent of Class: N/A
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the
vote: N/A
(ii) shared power to vote or to direct the
vote: N/A
(iii) sole power to dispose or to direct the
disposition of: N/A
(iv) shared power to dispose or to direct
the disposition of: N/A
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.
SCHEDULE 13G
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.
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above
were acquired in the ordinary course of business and
were not acquired for the purpose of and do not have
the effect of changing or influencing the control of
the issuer of such securities and were not acquired in
connection with or as a participant in any transaction
having such purpose or effect.
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: April 10, 1997
Signature: /s/ Jane C. Weinberg
Jane C. Weinberg
Associate General Counsel