FOREST OIL CORP
4, 1996-06-06
CRUDE PETROLEUM & NATURAL GAS
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<TABLE>
FORM 4                                        U.S. SECURITIES AND EXCHANGE COMMISSION 
                                                       Washington, D.C.  20549

                                            STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
                                  Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
                                     Section 17(a) of the Public Utility Holding Company Act of 1935 
                                          or Section 30(f) of the Investment Company Act of 1940

( ) Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b).

<CAPTION>
1. Name and Address of Reporting      2. Issuer Name and                       3. IRS or Social    4. Statement    5. If Amendment,
   Person                                Ticker or Trading                        Security            for             Date of 
                                         Symbol                                   Number of           Month/Year      Original
                                                                                  Reporting Person                    (Month/Year)
                                                                                  (Voluntary)

<S>                                      <S>                                      <S>                 <S>             <S>
Thompson, V. Bruce                       Forest Oil Corporation                   ###-##-####         05-1996
2200 Colorado State Bank Bldg.           FOIL
1600 Broadway
Denver, CO  80202

<CAPTION>
6. Relationship of Reporting Person to Issuer (Check all applicable)

_Director   _10% Owner    _Officer (give title below)  _Other (specify below)
<S>         <S>           <S>                          <S>             
                          X                             
                          Vice President               

<CAPTION>
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of       2. Trans-   3. Trans-   4. Securities Acquired (A)    5. Amount of    6. Owner-  7. Nature of Indirect
   Security          action      action      or Disposed of (D)            Securities      Ship       Beneficial Ownership
   (Instr. 3)        Date        Code        (Instr. 3, 4 and 5)           Beneficially    Form:      (Instr. 4)
                     (Month/     (Instr.                                   Owned at        Direct(D)
                     Day/        8)                       (A)              End of          or
                     Year)       Code V                   or               Month           In-direct      
                                          Amount          (D) Price        (Instr. 3       (I)
                                                                           and 4)          (Instr. 4)
<S>                  <S>         <S>  <S> <C>             <S> <C>          <C>             <S>        <S>
Common Stock         05-01-1996  J    V   9               A                44              D                             
                                 (a)

$.75 Convertible                                                           500             D
Preferred Stock

Retirement Savings   03-31-1996  B    V   159             A                967             I          401(k) Plan
Plan-Common Stock    (b)

<CAPTION>
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
              (e.g., puts, calls, warrants, options, convertible securities)

1.                   2.       3.      4.      5.              6.            7.                 8.      9.      10.    11.
Title of             Con-     Trans-  Trans-  Number of       Date Exer-    Title and Amount   Price   Number  Owner- Nature
Derivative           version  action  action  Derivative      cisable and   of Underlying      of      of      Ship   of 
Security             or       Date    Code    Securities      Expiration    Securities         Deriv-  Deriv-  Form   Indirect
(Instr. 3)           Exercise (Month/ (Instr. Acquired (A)    Date (Month/  (Instr. 3 and 4)   ative   ative   of     Bene- 
                     Price of Day/    8)      or Disposed     Day/Year)                        Secu-   Secu-   Deriv- ficial
                     Deriv-   Year)           of (D)                        Title      Amount  rity    rities  ative  Owner-  
                     ative            C       (Instr. 3,                               or      (Instr. Bene-   Secu-  ship
                     Security         O       4 and 5)        Date   Expi-             Number  5)      fically rity:  (Instr. 
                                      D   V   (A)     (D)     Exer-  ra-               of              Owned   Direct 4) 
                                      E                       cis-   tion              Shares          at End  (D) or
                                                              able   Date                              of      Indi-  
                                                                                                       Month   rect 
                                                                                                       (Instr. (I)
                                                                                                       4)      (Instr.
                                                                                                               4)
<S>                  <C>      <S>     <S> <S> <C>     <C>     <S>    <S>    <S>        <C>     <C>     <C>     <S>    <S>
1994 Grant under the $5.00                                           08-10  Common Sto                 0       D
1992 Stock Option Pl                                                 -2004  ck
(c)

1996 Re-Grant Under  $11.25                                          02-06  Common Sto                 20,000  D
1992 Stock Option Pl                                                 -2006  ck

</TABLE>

Explanation of Responses:

 (a). Dividend paid in shares of Common Stock on the Company's
      $.75 Convertible Preferred Stock on May 1, 1996.

 (b). These shares were acquired pursuant to the Retirement
      Savings Plan of Forest Oil Corporation (formerly Thrift
      Plan) during the period from January 1, 1996 to March 31,
      1996.  These shares are held for the benefit of the 
      Reporter by State Street Bank and Trust Company as Trustee.
      The information reported herein is based on a report from 
      the trustee dated as of March 31, 1996.

 (c). (right to buy) with tandem tax withholding right (exempt
      under Rule 16b-3).

                                /s/ V. BRUCE THOMPSON             June 6, 1996
                                ------------------------          ------------
                                **Signature of Reporting Person   Date



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