<PAGE>
U.S. SECURITIES AND EXCHANGE
COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
<square>Check this box if no longer
subject to Section 16. Form 4
or Form 5 obligations
may continue. SEE Instruction 1(b).
Filed pursuant to Section 16(a) of the
Securities 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
<TABLE>
<CAPTION>
1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person
to Issuer
BELL, ALAN ALFACELL CORPORATION (ACEL) (Check all applicable)
X Director______ 10% Owner
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
(Last) (First) (Middle) 3. IRS or Social 4. Statement for ________ Officer ______ Other
Security Number of Month/Year (give title below)
137 WODEN WAY, S.E. Reporting Person (specify below)
(Voluntary) JULY 1996
__________________________________________
(Street) 5. If Amendment,
Date of Original
WINTER HAVEN, FL 33884 (Month/Year)
(City) (State) (Zip)
TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action (A) or Disposed of Securities ship of In-
Date Code (D) Beneficially Form: direct
(Month/ (Instr. (Instr. 3, 4 and 5) Owned at (D) or Bene-
Day/ 8) End of Indirect ficial
Year) Month (I) Owner-
(Instr. 3 (Instr. ship
and 4) 4) (Instr.
4)
Code V Amount (A) or Price
(D)
Common Stock 7/8/96 S 5,000 D $4.88 D -----
Common Stock 7/16/96 S 6,500 D $3.84 D ----
7/17/96 S 3,500 D $4.13 D ----
7/17/96 S 5,000 D $4.25 20,429 D
-----
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Over)
<PAGE>
FORM 4 (CONTINUED)
TABLE II - DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., puts, calls, warrants,
options, convertible securities)
<TABLE>
<CAPTION>
1. Title of Derivative 2.Conver3.Trans-4.Transac-5.Number of6.Date 7.Title and Amount 8.Price9.Number 10. Owner- 11. Na-
Security sion action tion Deriv- Exercisableof Under-lying of of ship ture
(Instr. 3) or Date Code ative and Securities (Instr. 3 Deriv- Deriv- Form of In-
Exercise (Month/Day/(Instr.SecuritiesExpirationand 4) ative ative of De- direct
Price Year)8) Ac- Date Secur- Secur- rivative Bene-
of quired (A) (Month/Day/ ity ities Secur- ficial
Deriv- or Dis- Year) (Instr.Bene- ity: Own-
ative posed of 5) ficially (D) or ership
Security (D) Owned Indi- (Instr. 4)
(Instr. 3, at End rect (I)
4, and 5) of (Instr.
Month 4)
(Instr.
4)
<S> <C> <C> <C><C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CodeV (A) (D) Date Expira- Title Amount
Exer- tion or
cisableDate Number
of
Shares
Stock Option 5/5/93 7/31/96 Common 5,000 $2.68 ---- ----
(right to buy) $2.68 7/8/96 x 5,000 Stock
Stock Option 5/5/93 7/31/96 Common 6,500 $2.68 ---- ----
(right to buy) $2.68 7/16/96x 6,500 Stock
Stock Option 5/15/93 7/31/96 Common 8,500 $2.68 0 ---- ----
(right to buy) $2.68 7/17/96x 8,500 Stock
</TABLE>
Explanation of Responses:
/s/ KEVIN T. COLLINS
08/08/96
**Signature of Reporting Person
Date
Kevin T. Collins
as attorney-in-fact
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, SEE Instruction 6 for procedure.
SEC 1474 (8-92)