AMERICAN BANKNOTE CORP /DE/
SC 13D/A, 1996-06-05
COMMERCIAL PRINTING
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               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549

                          SCHEDULE 13D
            Under the Securities Exchange Act of 1934
                        (Amendment No. 2)

                  AMERICAN BANKNOTE CORPORATION
                        (Name of Issuer)

                  Common Stock ($.01 par value)
                 (Title of Class of Securities)

                            024490104
                         (CUSIP Number)

                        Joseph L. Harrosh
                       40900 Grimmer Blvd.
                       Fremont, CA  94538
                          510-651-9600
         (Name, Address and Telephone Number of Persons
        Authorized to Receive Notices and Communications)

                          May 31, 1996
     (Date of Event which Requires Filing of this Statement)

     If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the subject of
this Schedule 13D, and is filing this schedule because of Rule
13d-1(b)(3) or (4), check the following box [ ]

     Check the following box if a fee is being paid with this
statement [  ].

     The information required on 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.

                (Continued on following page(s))

                       Page 1 of     Pages

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_________________________________________________________________

1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

          Joseph L. Harrosh
_________________________________________________________________

 2   CHECK THE APPROPRIATE BOX                         (a) [ ]
     IF A MEMBER OF A GROUP                            (b) [ ]
_________________________________________________________________

3    SEC USE ONLY
_________________________________________________________________

4    SOURCE OF FUNDS*                                    PF, WC
_________________________________________________________________

5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
     IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)              [ ]
_________________________________________________________________

6    CITIZENSHIP OR PLACE OF ORGANIZATION         United States
_________________________________________________________________
                                   :
                                   :  (7)    SOLE VOTING POWER
                                   :         1,750,200
                                   :_____________________________
                                   :
                                   :  (8)    SHARED VOTING POWER
                                   :         -0-
NUMBER OF SHARES BENEFICIALLY      :_____________________________
OWNED BY EACH REPORTING            :
PERSON WITH                        :  (9)    SOLE DISPOSITIVE    
                                   :         POWER
                                   :         1,750,200
                                   :_____________________________
                                   :
                                   : (10)    SHARED DISPOSITIVE
                                   :         POWER
                                   :         -0-
___________________________________:_____________________________

11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          1,750,200
_________________________________________________________________

12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
     CERTAIN SHARES                                         [ ]
_________________________________________________________________

13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)     8.98%
_________________________________________________________________

14   TYPE OF REPORTING PERSON                               IN
_________________________________________________________________

<PAGE>
Item 1.   Security and Issuer

          This Amendment No. 2 ("Amendment No. 2") to that
Schedule 13D filed on May 7, 1996 (the "Schedule 13D") on behalf
of Joseph L. Harrosh (the "Reporting Person"), relates to an
aggregate of 1,750,200 shares (the "Shares") of Common Stock
($.01 par value) (the "Common Stock") of American Banknote
Corporation (the "Issuer"), with its principal offices located at
200 Park Avenue, 49th Floor, New York, NY  10166.


Item 2.   Identity and Background

          The following information is given with respect to the
Reporting Person:

          (a)  Joseph L. Harrosh
          (b)  40900 Grimmer Blvd., Fremont, CA  94538
          (c)  Private investor
          (d)  Mr. Harrosh has not, during the last five years,
               been convicted in a criminal proceeding (excluding
               traffic violations or similar misdemeanors).
          (e)  Mr. Harrosh has not, during the past five years,
               been a party to a civil proceeding of a judicial
               or administrative body of competent jurisdiction
               and as a result of such proceeding was or is
               subject to a judgment, decree or final order
               enjoining future violations of, or prohibiting or
               mandating activities subject to, federal or state
               securities laws or finding any violation with
               respect to such laws.
          (f)  United States of America


Item 3.   Source and Amount of Funds or Other Consideration

          Personal funds and margin account.


Item 4.   Purpose of Transaction

          Except as set forth in this Item 4, the Reporting
Person has no other present plans or proposals that relate to
or that could result in any of the actions specified in clauses
(a) through (j) of Item 4 of Schedule 13D.

          The Reporting Person acquired the Shares for investment
purposes and may from time to time acquire additional shares of
Common Stock or dispose of some or all of the Shares in ordinary
brokerage or privately negotiated transactions.


Item 5.   Interest in Securities of the Issuer

          According to the Issuer's Quarterly Report on Form 10-
Q for the three-month period ended March 31, 1996, the Issuer has
an aggregate of 19,497,380 shares of Common Stock outstanding as
of May 14, 1996.

          The Reporting Person has sole voting and dispositive
power over 1,750,200 shares of Common Stock, representing 8.98%
of the outstanding class of Common Stock.  Since the most recent
filing of Amendment No. 1 to the Schedule 13D on May 13, 1996,
the Reporting Person has made net purchases of 265,000 shares of
Common Stock, including a net purchase of 144,200 shares of
Common Stock on May 31, 1996, at an average price of $4.3415 per
share.


Item 6.   Contracts, Arrangements, Understandings or
          Relationships With Respect to Securities of the Issuer

          The Reporting Person does not have any contract,
arrangement or understanding with respect to the Common Stock.   


Item 7.   Material to be Filed as Exhibits

          None.
<PAGE>
                            SIGNATURE


     After reasonable inquiry and to the best of my knowledge and
belief, the undersigned certifies that the information set forth
in this statement is true, complete and correct.

Date: May 31, 1996

                                   /s/ JOSEPH L. HARROSH
                                   ------------------------------
                                   Joseph L. Harrosh
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