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FORM 4
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STATEMENT OF CHANGES OF BENEFICIAL OWNERSHIP
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1. Name and Address of Reporting Person
(a) Ross Financial Corporation
P.O. Box 31363-SMB
Cayman Islands, BWI
(b) Dart, Kenneth B.
P.O. Box 31363-SMB
Cayman Islands, BWI
(c) STS Limited
P.O. Box 31363-SMB
Cayman Islands, BWI
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2. Issuer Name and Ticker or Trading Symbol
The Liposome Company, Inc
LIPO
CUSIP# 536310105
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year December, 1997
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5. If Amendment, Date of Original (Month/Day/Year) May 15, 1997
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6. Relationship of Reporting Person(s) to Issuer (Check all
applicable)
10% Owner
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7. Individual or Joint/Group Filing
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
CLASS A COMMON STOCK
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2-4
Transaction Date Transaction Securities Acquired (A)
(Month/Day/Year) Code Amount Price (per share)
There were no transactions. There is a new reporting person.
5. Amount of Securities Beneficially Owned at End of Month.
9,353,346
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6. Ownership Form: Direct (D) or Indirect (I)
Direct Ross Financial Corporation 9,353,346 (D)
Indirect Kenneth B. Dart 9,353,346 (I)
Indirect STS Limited 9,353,346 (I)
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7. Nature of Indirect Beneficial Ownership
By Ross Financial Corporation
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Page 1
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TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED
NONE.
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Explanation of Responses:
Kenneth B. Dart is the 100% shareholder of STS, Limited. STS,
Limited is the 100% shareholder of Ross Financial
Corporation. Ross Financial Corporation owns all of the
securities directly.
Ross Financial Corporation
By: Kenneth B. Dart, Its President
Dated: January 10, 1998
STS Limited
By: Kenneth B. Dart, Its President
Dated: January 10, 1998
Kenneth B. Dart
Dated: January 10, 1998
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