AVATEX CORP
SC 13D/A, 1997-07-30
DRUGS, PROPRIETARIES & DRUGGISTS' SUNDRIES
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<PAGE>

                                 UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                SCHEDULE 13D-A

                   Under the Securities Exchange Act of 1934



                              AVATEX CORPORATION
________________________________________________________________________________
                               (Name of Issuer)


                                 Common Stock
________________________________________________________________________________
                         (Title of Class of Securities)


                                  05349F-10-5
        _______________________________________________________________
                                (CUSIP Number)

James E. Spiotto
Chapman and Cutler
111 West Monroe Street                             Telephone: 312-845-3000
Chicago, Illinois 60603                            Facsimile: 312-701-2361
________________________________________________________________________________
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
                                Communications)

                                 July 16, 1997
        _______________________________________________________________
            (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 the statement [_]. 
(See Rule 13d-7.)

     Note: Six copies of this statement, including all exhibits, should be filed
with the Commission.  See Rule 13d-1(a) for other parties to whom copies are to
be sent.

     *The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.

     The information required on the remainder of this cover 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 (however, see the
Notes).
<PAGE>
 
                                SCHEDULE 13D-A
- -----------------------                                  ---------------------
 CUSIP NO. 05349F-10-5                                     PAGE 2 OF 3 PAGES
- -----------------------                                  ---------------------
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSONS
      United Equities Commodities Company, Momar Corporation, Moses Marx
 1    
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      UECC: TIN #13-2904027    MOMAR: TIN #52-1273339    MARX: SS ####-##-####
                                         
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 2                                                              (a) [_]
                                                                (b) [X]
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 
- ------------------------------------------------------------------------------
      SOURCE OF FUNDS
 4    
          UECC: WC    MOMAR: WC    MARX: NA
- ------------------------------------------------------------------------------
      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT 
      TO ITEMS 2(d) OR 2(e) [_]
 5    
- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 6    
          UECC: New York    MOMAR: Maryland    MARX: USA
- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     7     
     NUMBER OF                UECC: 1,150,000    MOMAR: 767,000
                             
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      8    
                              0
     OWNED BY                    
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     9     
    REPORTING                 UECC: 1,150,000    MOMAR: 767,000
                         
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          10   
                              0   
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11    
          UECC: 1,150,000    MOMAR: 767,000
      
- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12                  
      [_]
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13    
          UECC: 8%    MOMAR: 6%    COMBINED: 14%            
- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON
14
          UECC: PN    MOMAR: CO    MARX: IN
- ------------------------------------------------------------------------------
<PAGE>
 
     Item 5.  Interest in Securities of the Issuer. (a) As of the date of this 
Schedule 13D-A, UECC directly owned 1,150,000 Shares, representing approximately
8% of the class outstanding. Momar directly owned 767,000 Shares, representing 
approximately 6% of the class outstanding. Mr. Marx owns no Shares directly.

     (b)  Mr. Marx has the sole power to vote or to direct the vote and the sole
power to dispose of, or to direct the disposition of, the Shares owned by UECC 
and Momar.

     (c)  The transactions of UECC and Momar in the Shares during the past sixty
(60) days are reflected on Exhibit 1 attached hereto. Mr. Marx has engaged in no
transactions in the Shares during the past sixty (60) days.

     (d)  No person, other than UECC, Momar and Mr. Marx, has the right to 
receive or the power to direct the receipt of dividends from, or the proceeds 
from the sale of, the Shares owned by UECC and Momar.

     (e)  Note applicable.

                                  SIGNATURES

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

                                             UNITED EQUITIES COMMODITIES COMPANY



Dated as of July 21, 1997                    By:    /s/ Moses Marx
                                                --------------------------------
                                                 Moses Marx, General Partner


                                             MOMAR CORPORATION


                                             By:    /s/ Moses Marx
                                                --------------------------------
                                                Moses Marx, President


                                                   /s/ Moses Marx
                                             -----------------------------------
                                                     Moses Marx

                                      -3-
<PAGE>

          UNITED EQUITIES COMMODITIES COMPANY
           TRANSACTIONS SINCE MAY 1, 1997/1/

                     AVATEX COMMON

- --------------------------------------------------------
                                   SHARES
 SETTLEMENT      SEC ID           PURCHASED
    DATE                           (SOLD)         PRICE
- --------------------------------------------------------
 05/07/97         AAV             150,000         1.375
- --------------------------------------------------------
 05/07/97         AAV             (50,000)        1.500
- --------------------------------------------------------
 05/08/97         AAV              54,000         1.250
- --------------------------------------------------------
 05/08/97         AAV             150,000         1.375
- --------------------------------------------------------
 05/09/97         AAV                 200         1.250
- --------------------------------------------------------
 05/20/97         AAV              45,800         1.250
- --------------------------------------------------------
 07/16/97         AAV             250,000          .9375
- --------------------------------------------------------
 07/17/97         AAV             150,000          .9375
- --------------------------------------------------------


- ----------------------------
/1/   All of these trades were effected in open market transactions.


                                   Exhibit 1


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