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Pursuant to Rule 424(b)(3)
File No. 333-29829
Prospectus Supplement No. 1 dated July 19, 1999 to the Prospectus of
AMBI Inc., dated June 27, 1997 (the "Prospectus") included in Registration
Statement on Form S-3, No. 333-29829.
The information below replaces the corresponding information included
in the table of "Selling Security Holders."
SELLING SECURITY HOLDERS
<TABLE>
<CAPTION>
Securities to
Securities Owned Securities be Owned
Name and Address Before Offering to be Sold (1) after Offering
- ---------------- ---------------- -------------- --------------
<S> <C> <C> <C>
Frith Brothers Investments, Inc. (3) 46,833 46,833 -0-
Peter Fry (3) 8,265 8,265 -0-
</TABLE>
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(3) Consists of Common Stock issuable upon exercise of Warrants.
The date of this Prospectus Supplement is July 19, 1999
