UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
ARNSTEIN, IRWIN S.
222 Municipal Drive
Richardson, TX 75080-3583
USA
2. Issuer Name and Ticker or Trading Symbol
CompuTrac, Inc.
LLB
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
03/2000
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Vice President - LFMS Development
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
___________________________________________________________________________________________________________________________________
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock, par value $.0|3/7/20|S* | |3,502 |D |$3.75 | | | |
1 per share |00 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock, par value $.0|3/7/20|M | |5,000 |A |$0.875 | | | |
1 per share |00 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock, par value $.0|3/7/20|M | |1,400 |A |$0.750 | | | |
1 per share |00 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock, par value $.0|3/7/20|M | |4,310 |A |$0.875 | | | |
1 per share |00 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock, par value $.0|3/7/20|M | |3,150 |A |$1.250 |31,251 |D | |
1 per share |00 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Option |$0.875 |3/7/0|M | |5,000 |A |7/20/|7/19/|Common Stock|5,000 |$0.875 |-0- |D | |
(right to buy) | |0 | | | | |99 |06 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Option |$0.750 |3/7/0|M | |1,400 |A |(1) |2/19/|Common Stock|3,500 |$0.750 |2,100 |D | |
(right to buy) | |0 | | | | | |05 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Option |$0.875 |3/7/0|M | |4,310 |A |2/01/|1/31/|Common Stock|4,310 |$0.875 |-0- |D | |
(right to buy) | |0 | | | | |99 |06 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Option |$1.25 |3/7/0|M | |3,150 |A |6/11/|06/10|Common Stock|3,150 |$1.250 |-0- |D | |
(right to buy) | |0 | | | | |97 |/04 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
| | | | | | | | | | | | | | |
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
S* The sale of 3,502 shares was a stock-for-stock transaction. The shares
were valued at the closing price on 3/7/2000 at 3-3/4.
(1) This option becomes exercisible in five equal annual installments
beginning February 20, 1999. The shares vested for 1999 and 2000 were
exercised.
SIGNATURE OF REPORTING PERSON
/s/ Irwin S. Arnstein
DATE
April 10, 2000