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FORM 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
[ ] Check this box if no Washington, D.C. 20549
longer subject to Section ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB Number: 3235-0362
16. Form 4 or Form 5 Filed pursuant to Section 16(a) of the Securities Exchange Act of Expires: September 30, 1998
obligations may continue. 1934, Section 17(a) of the Public Utility Holding Company Act of Estimated average burden
See Instruction 1(b). 1935 or Section 30(f) of the Investment Company Act of 1940 hours per response......1.0
[ ] Form 3 Holdings Reported
[X] Form 4 Transaction Reported
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1. Name and Address of 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s) to
Reporting Person* Alfacell Corporation (ACEL) Issuer (Check all applicable)
Mikulski, Stanislaw M. X Director 10% Owner
(Last) (First) (Middle) --- ---
X Officer (give Other (specify
--- title --- below)
c/o Alfacell Corporation below)
225 Belleville Avenue 3. IRS or Social 4. Statement for Executive Vice President and
(Street) Security Number of Month/Year Vice President, Medical Affairs
Reporting Person July 31, 1997
(Voluntary)
5. If Amendment, 7. Individual or Joint/Group Reporting
Date of Original (Check Applicable Line)
(Month/Year) X Form Filed by One Reporting Person
---
Bloomfield, NJ 07003
(City) (State) (Zip) Form Filed by More than One
--- Reporting Person
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Table I--Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of Security 2. Transaction 3. Transaction 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature
(Instr. 3) Date (Month/ Code or Disposed of (D) Securities Form: Direct of Indirect
Day/Year) (Instr. 8) (Instr. 3, 4 and 5) Beneficially (D) or Beneficial
Owned at end Indirect (I) Ownership
Amount (A) or Price of Issuer's (Instr. 4) (Instr.4)
(D) Fiscal Year
(Instr. 3
and 4)
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Common Stock (1) 12/05/96 S4 5,000 D $8.000 361,250 D
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* If the form is filed by more than one reporting person, see
instruction 4(b)(v).
(Over)
SEC 2270 (7-96)
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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative Security 2. Conversion 3. Transaction 4. Transaction 5. Number of Derivative 6. Date
(Instr. 3) of Exercise Date Code Securities Acquired Exercisable
Price of (Month/ (Instr. 8) (A) or Disposed of and
Derivative Day/ (D) (Instr. 3, 4 and Expiration
Security Year) 5) Date
(Month/
Day/
Year)
Date Expira-
Exer- tion
(A) (D) cisable Date
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1. Title of Derivative Security 7. Title and 8. Price of 9. Number of 10. Ownership 11. Nature
(Instr. 3) Amount of Derivative Derivative of of Indirect
Underlying Security Securities Derivative Beneficial
Securities (Instr. 5) Beneficially Security: Ownership
(Instr. 3 Owned at Direct (D) (Instr. 4)
and 4) End of or
Year Indirect (I)
Title Amount or (Instr. 4) (Instr. 4)
Number of
Shares
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_______________________________________________________________________________
Explanation of Responses:
(1)The reporting person previously reported the sale of 5,000 shares at a price
of $4.62 on a Form 4 for the Month of August, 1996. This Form 5 is being
filed to indicate the correct date of sale and price of such sale.
**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 is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
/s/ Kevin T. Collins 9/15/97
_______________________________ ______________
Kevin T. Collins, as Date
Attorney-in-Fact
**Signature of Reporting Person
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