TECHNE CORP /MN/
SC 13G/A, 1996-02-07
BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                               (Amendment No. 7)*



                               Techne Corporation

- --------------------------------------------------------------------------------

                                (Name of Issuer)

                                  Common Stock

- --------------------------------------------------------------------------------

                         (Title of Class of Securities)

                                   878377 10 0

- --------------------------------------------------------------------------------

                                 (CUSIP Number)



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 Item 1;  and (2) has  filed  no  amendment  subsequent
thereto reporting  beneficial  ownership of five percent or less of such class.)
(See Rule 13d-7.)

*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 in 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).


                        (Continued on following page(s))


                                Page 1 of 4 Pages


<PAGE>



                                  SCHEDULE 13G

- -----------------------------------          -----------------------------------
CUSIP No.     878377 10 0                    Page    2       of      4     Pages
          ---------------------                   ----------    ----------      

- -----------------------------------          -----------------------------------
- --------------------------------------------------------------------------------
1             NAME OF REPORTING PERSON
              S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

              Thomas E. Oland
              ###-##-####

- --------------------------------------------------------------------------------
2             CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a) [  ]
                                                                        (b) [  ]


- --------------------------------------------------------------------------------
3             SEC USE ONLY


- --------------------------------------------------------------------------------
4             CITIZENSHIP OR PLACE OF ORGANIZATION

              U.S.A.
- --------------------------------------------------------------------------------
         NUMBER OF            5            SOLE VOTING POWER  363,460 (Includes 
          SHARES                           66,277 shares obtainable upon 
       BENEFICIALLY                        exercise of currently exercisable 
         OWNED BY                          options)
           EACH
         REPORTING
          PERSON
           WITH


                            ----------------------------------------------------
                              6            SHARED VOTING POWER  268,468


                            ----------------------------------------------------
                              7            SOLE DISPOSITIVE POWER  363,460 
                                           (Includes 66,277 shares obtainable 
                                           upon exercise of currently 
                                           exercisable options)


                            ----------------------------------------------------
                              8            SHARED DISPOSITIVE POWER  0


- --------------------------------------------------------------------------------
9             AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
              631,928 (Includes 66,277 shares obtainable upon exercise of 
              currently exercisable options)


- --------------------------------------------------------------------------------
10            CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN  [ ]
              SHARES*


- --------------------------------------------------------------------------------
11            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

              6.7%
- --------------------------------------------------------------------------------
12            TYPE OF REPORTING PERSON*

              IN
- --------------------------------------------------------------------------------


                      *SEE INSTRUCTIONS BEFORE FILLING OUT!



<PAGE>



Item 1(a)         Name of Issuer:

                  Techne Corporation

Item 1(b)         Address of Issuer's Principal Executive Offices:

                  614 McKinley Place N.E.
                  Minneapolis, MN  55413

Item 2(a)         Name of Person Filing:

                  See Cover Page Item 1

Item 2(b) Address of Principal Business Office or, if none, residence:

                  614 McKinley Place N.E.
                  Minneapolis, MN  55413

Item 2(c)         Citizenship:

                  See Cover Page Item 4

Item 2(d)         Title of Class of Securities:

                  Common Stock

Item 2(e)         CUSIP No.:

                  See Cover Page

Item 3 Statement Filed Pursuant to Rules 13d-1(b) or 13d-2(b):

                  Not applicable

Item 4(a)         Amount Beneficially Owned:

                  See Cover Page Item 9

Item 4(b)         Percent of Class:

                  See Cover Page Item 11

Item 4(c)         Number of Shares as to Which Such Person Has:

         (i)  sole power to vote or to direct the vote:  See Cover Page Item 5


                                Page 3 of 4 Pages


<PAGE>


        (ii) shared power to vote or to direct the vote:  See Cover Page Item 6
       (iii) sole power to dispose or direct the disposition of:  See Cover Page
             Item 7
        (iv) shared power to dispose or direct the disposition of:  See Cover 
             Page Item 8

Item 5   Ownership of Five Percent or Less of a Class:

                  Not applicable


Item 6   Ownership of More than Five Percent on Behalf of Another Person:

                  Not applicable

Item 7   Identification  and  Classification  of the Subsidiary Which Acquired
         the Security Being Reported on by the Parent Holding Company:

                  Not applicable

Item 8   Identification and Classification of Members of the Group:

                  Not applicable

Item 9   Notice of Dissolution of Group:

                  Not applicable

Item 10           Certification:

                  Not applicable

                                    SIGNATURE

         After reasonable  inquiry and to the best of my knowledge and belief, I
certify that the information  set forth in this statement is true,  complete and
correct as December 31, 1995.

Dated:  January 15, 1996


                                                  /s/ Thomas E. Oland
                                                      Thomas E. Oland


                                Page 4 of 4 Pages





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