SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
Macrochem Corp
_______________________________________________________________________
(Name of Issuer)
Common Stock
________________________________________________________________________
(Title of Class of Securities)
555903103
________________________________________________________________________
(CUSIP Number)
Paul Byrne c/o Janssen-Meyers Associates, L.P.
17 State Street, NY, NY 10004 (212) 742-4200
_______________________________________________________________________
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
March, 1998
________________________________________________________________________
(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 _____.
(A fee is not required only if the reporting person: (1) has a previous
statement
on file reporting beneficial ownership of more than five percent of the
class of
securities described in Item1; and (2) has filed no amendment subsequent
thereto
reporting beneficial ownership of five percent of less of such class.)
(Sec 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 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 (however, see the Notes).
1. Name of Reporting Person
Peter Janssen
_____________________________________________________
S.S. or I.R.S. Identification No. of Above Person
_____________________________________________________
2. Check the Appropriate Box if a Member of a Group
(See Instructions before filling out)
a.________ b_______
3. SEC USE ONLY
_____________________________________________________
4. Source of Funds (See instructions before filling out).
______________________________________________________
5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items
2(d) or 2(e).
_____________________________________________________________________________
6. Citizenship or Place of Organization
USA
____________________________________________________
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH
REPORTING PERSON
(Questions 7 - 10)
7. Sole Voting Power
1,554,167
____________________________________________________
8. Shared Voting Power
_____________________________________________________
9. Sole Dispositive Power
1,554,167
_____________________________________________________
10. Shared Dispositive Power
_____________________________________________________
11. Aggregate Amount Beneficially Owned by Each
Reporting Person
1,554,167
_____________________________________________________
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares (See instructions before filling out)
_____________________________________________________
13. Percent of Class Represented by Amount in Row (11)
_______________________7%_______________________________
14. Type of Reporting Person (See instructions before filling out)
______________________________________________________
