LEAK X ENVIRONMENTAL CORPORATION
10-C, 1996-07-30
ENGINEERING SERVICES
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                     SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, DC  20549

                                  FORM 10-C

      REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ INTERDEALER
       QUOTATION SYSTEM FILED PURSUANT TO SECTION 13 OR 15 (d) OF
         THE SECURITIES EXCHANGE ACT OF 1934 AND RULE 13a-17
                            OR 15d-17 THEREUNDER
                                
                       Leak-X Environmental Corporation
                (Exact name of issuer as specified in charter)
                                
     790 East Market Street, Suite 270, West Chester, Pennsylvania  19382
                  (Address of principal executive offices)
                                
      Issuer's telephone number, including area code: (610) 344-3380
                                                            
     I.   CHANGE IN NUMBER OF OUTSTANDING SHARES

     Indicate any change (increase or decrease) of five percent or more in the 
     number of shares outstanding:

1.   Title of security:  Common Stock, $.001 par value
2.   Number of shares outstanding before the change:    14,354,154
3.   Number of shares outstanding after the change:   15,855,388
4.   Effective date of change:  July 1, 1996
5.   Method of change:  Issuer issued shares of Common Stock upon conversion of
     Preferred Stock.

     Brief description of transaction:  Issuer issued shares of Common Stock 
     upon conversion of Preferred Stock.

     II.  CHANGE IN NAME ISSUER

1.   Name prior to change:  Not applicable
2.   Name after change:  Not Applicable
3.   Effective date of charter amendment changing name:  Not Applicable
4.   Date of shareholder approval of change, if required:  Not Applicable

Date:  July 30, 1996                  
                                      Name:   /s/     Eileen E. Bartoli
                                      Title:   Chief Accounting Officer



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