IGENE BIOTECHNOLOGY INC, 5, 2000-09-22

IGENE BIOTECHNOLOGY INC
5, 2000-09-22
AGRICULTURAL CHEMICALS

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

FORM 5
[ ] Check box if no longer subject to
    Section 16. Form 4 or Form 5
    obligations may contine. See
    Instruction 1(b).
[ ] Form 3 Holdings Reported
[X]Form 4 Transactions Reported

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding
Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person*

Kempner, Thomas L.

(Last) (First) (Middle)

2. Issuer Name andTicker or Trading Symbol

IGENE BIOTECHNOLOGY, INC. (IGNE)

6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__ Director     _X_10% Owner

__ Officer (give    __Other (specify
    title below)        below)

c/o Loeb Partners Corporation
61 Broadway

(Street)

New York, NY 10006

(City) (State) (Zip)

3. IRS Identification
Number of Reporting
Person, if an entity
(Voluntary)

4. Statement for Month/Year

August 2000

5. If Amendment, Date of Original
(Month/Year)

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 I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owner

1. Title of
Security
(Instr. 3)

2. Trans-
     action
     Date
     (Month/
     Day/
     Year)

3.Trans-
    action
    Code

   (Instr. 8)

4. Securities Acquired (A) or
     Disposed of (D)
     (Instr. 3, 4 and 5)

Amount     (A) or
                     (D)           Price

5. Amount of
      Securities
      Beneficially
      Owned at end
      of Issuer's
      Fiscal Year
      (Instr. 3 and 4)

6. Owner-
      ship
      Form:
      Direct
      (D) or
      Indirect
      (I) (Instr. 4)

7. Nature of
      Indirect
      Beneficial
      Ownership
      (Instr. 4)

Common Stock

386,972

Common Stock

1,482,987

Tte. of Tr (1)

Common Stock

203,880

Tte. of Tr (2)

Common Stock

4/28/00

J4(6)

500,000

7,501,918

Tte. of Tr (3)

Common Stock

6/8/00

J4(6)

500,000

7,501,918

Tte. of Tr (3)

Common Stock

7/17/00

J4(6)

875,000

7,501,918

Tte. of Tr (3)

Common Stock

182,526

Tte. of Tr (4)

Common Stock

4/28/00

J4(6)

500,000

7,541,916

Tte. of Tr (5)

Common Stock

6/8/00

J4(6)

500,000

7,541,916

Tte. of Tr (5)

Common Stock

7/17/00

J4(6)

875,000

7,541,916

Tte. of Tr (5)

(1) Tte. of Trust for the benefit of Carl Loeb, Thomas L. Kempner, Alan H. Kempner, Jr.
(2) Tte. of Trust for the benefit of Carl Loeb Kempner.
(3) Tte. of Trust for the benefit of Alan H. Kempner, Jr.
(4) Nan S. Kempner
(5) Tte. of Trust and beneficiary for Thomas L. Kempner.

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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conver-
   ion of
   Exercise
   Price of
   Deriva-
   tive
   Security

3. Trans-
     action
     Date
     (Month/
     Day/
     Year)

4. Trans-
     action
     Code
     (Instr. 8)

5. Number of
      Deriva-
      tive
      Securities
      Acquired
      (A) or
      Disposed
      of (D)
      (Instr. 3, 4
      and5)

   (A)     (D)

6. Date
     Exercis-
     able
     and Expi-
     ration
     Date
     (Month/
     Day)
     Year)

Date-    Expira-
Exer-    tion
cisable    Date

7. Title and
     Amount of
     Under-
     lying
     Securities
     (Inst. 3
     and 4)

   Title     Amount
               or
                 Number
                or
                 Shares

8. Price
     of
     De-
     riva-
     tive
     Sec-
     urity
    (Instr.5)

9. Number
    of
    Deriv-
    ative
    Secur-
    ities
    Bene-
    ficially
    Owned
    at End
    of Year
   (Instr.4)

10.Owner-
    ship of
    Deriva-
    tive
    Secur-
    ity:     Direct
    (D) or
    Indir-
    ect (I)
   (Instr.4)

11. Nature
    of Indi-
    rect
    Benefi-
    cial
    Owner-
    ship
   (Intr.4)

Warrants

4/28/00

J4(6)

2,500,000

Pres. 2/8/10

Common 2,500,000

24,106,399

Tte of Tr (3)

Warrants

4/28/00

J4(6)

2,500,000

Pres. 2/8/10

Common 2,500,000

24,128,018

Tte of Tr (5)

(6) Warrants received and stock purchased as part of a commitment to purchase up to $1,000,000 in Shares in five separate installments in a private placement of February 8, 2000.

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78FF(a).

Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure.

/s/ Thomas L. Kempner 9/22/00
**Signature of Reporting Person Date

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.