FOREST OIL CORP
10-C, 1995-08-02
CRUDE PETROLEUM & NATURAL GAS
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                SECURITIES AND EXCHANGE COMMISSION
                      Washington, D. C. 20549

                             FORM 10-C

               REPORT BY ISSUER OF SECURITIES QUOTED
              ON NASDAQ INTERDEALER QUOTATION SYSTEM

   Filed pursuant to Section 13 or 15(d) of the Securities Exchange Act 
   of 1934 and Rule 13a-17 or 15d-17 thereunder

                      FOREST OIL CORPORATION
          (Exact name of issuer as specified in charter)
                                 
                  1500 Colorado National Building
                         950 - 17th Street
                      Denver, Colorado 80202
             (Address of principal executive offices)
                                 
                          (814) 368-7171
         (Issuer's telephone number, including area code)
                                 

I. CHANGE IN NUMBER OF SHARES OUTSTANDING
   Indicate any change (increase or decrease) of 5% or more in number of 
   shares outstanding:
                                 
   1. Title of Security: Common Stock, Par Value $.10 Per Share (Common Stock)
                                 
   2. Number of shares of Common Stock outstanding before the change:28,540,601
                                 
   3. Number of shares of Common Stock outstanding after the change: 47,718,291
                                 
   4. Effective date of change:  July 26, 1995
                                 
   5. Method of change:  The number of shares of Common Stock outstanding has  
      changed from the amount as last reported because of (i) an adjustment to 
      the reclassification of the Company's Class B Stock into shares of 
      Common Stock, (ii) the issuance by the Company of shares of Common Stock, 
      previously held as treasury shares, as contributions to the Company's 
      Retirement Savings Plan for the benefit of its employees, (iii) the 
      issuance to The Anschutz Corporation of certain shares pursuant to an 
      agreement to purchase shares, and (iv) stock dividend payable in shares 
      of Common Stock, on the aggregate shares outstanding of $.75 Convertible  
      Preferred Stock payable on August 1, 1995, to shareholders of record on
      July 10, 1995.


   _________________________________________________________________________


   Give  brief description of transactions:  From May 1, 1995  (the
   effective  date  of  last reported change),  through  August  1,
   1995,  an adjustment of 2 shares was necessary pursuant  to  the
   rounding  up  of  Class  B  shares  for  reclassification  at  a
   conversion rate of 1.1 into shares of Common Stock.  During  the
   same  period,  the Company issued and contributed 54,781  shares
   of  Common Stock to its Retirement Savings Plan.  As a result of
   shareholder  approval  at  the Annual Shareholders'  Meeting  of
   transactions with The Anschutz Corporation and pursuant  to  the
   Purchase   Agreement  between  the  Company  and  The   Anschutz
   Corporation  dated as of May 17, 1995, 18,800,000 Common  Shares
   were  issued.  As a result of the August 1, 1995 stock  dividend
   on  its  $.75  Convertible Preferred Stock,  322,907  shares  of
   Common Stock were issued.

       As  of August 1, 1995 there were 47,718,291 total shares  of
   Common Stock outstanding.

    The  following table summarizes the changes in  the  amount  of
   shares outstanding from the last reported change:

                                               Shares of
                                              Common Stock
                                              ____________
      Outstanding as of 5/1/95                 28,540,601
       Adjustment to Reclassification........           2
       Retirement Savings Plan Contribution..      54,781
       Anschutz Agreement....................  18,800,000
       Stock Dividend
         Payable 8/1/95......................     322,907
                                               __________
      Outstanding as of 8/1/95                 47,718,291


    The Common Stock is traded in the National Market System of the
National   Association  of  Securities  Dealers,   Inc.   Automated
Quotation  System.  Each  share of the $.75  Convertible  Preferred
Stock  is convertible at any time into 3.5 shares of Common  Stock.
Each  Warrant  is  exercisable at any time into  shares  of  Common
Stock.
                                 
                                 
                                 
                                 
                                 
                                 
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II.   CHANGE IN NAME OF ISSUER

   1. Name prior to change:  Not applicable.

   2. Name after change:

   3. Effective date of charter amendment changing name:

   4. Date of shareholder approval of change, if required:






                               FOREST OIL CORPORATION
                                    (Registrant)



                               By     /s/ Daniel L. McNamara
                                  _________________________________
                                       Daniel L. McNamara
                                           Secretary





August 2, 1995


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