<PAGE> 1
Filed Pursuant to Rule 424(b)(3)
REGISTRATION NO. 333-07661
PROSPECTUS SUPPLEMENT NO. 1 DATED JULY 18, 1996 TO THE
PROSPECTUS DATED JULY 12, 1996 OF
IMMUNOGEN, INC.
<TABLE>
This Prospectus Supplement No. 1 amends the information in the section
entitled "Selling Stockholders" in the Prospectus dated July 12, 1996.
Dana-Farber has entered into an arrangement with Prudential Securities
Incorporated ("Prudential") whereby some or all of the 351,662 shares of common
stock of ImmunoGen, Inc., $.01 par value per share, issued to Dana-Farber upon
conversion of the Debenture may be sold to Prudential as principal or through
Prudential acting as Dana-Farber's agent. In order to reflect Prudential as a
potential Selling Shareholder hereunder, and assuming for such purposes that
all shares are sold to Prudential as principal, the Selling Stockholder table
is amended as follows:
<CAPTION>
Shares Owned
Prior to Shares Owned After
Offering Offering(1)
------------------- Number of Shares ----------------
Selling Stockholder Number Percent Being Offered Number Percent
- ------------------- ------ ------- ---------------- ------ -------
<S> <C> <C> <C> <C> <C>
Dana-Farber 351,662(2) 2.1% 351,662 0 --
Prudential Securities 351,662(3) 2.1% 351,662 0 --
Incorporated
LBC 250,000(4) 1.5% 250,000 0 --
<FN>
- ------------------------
(1) Assumes the sale of all shares offered hereby to unaffiliated third parties.
(2) Based on 16,599,855 shares of Common Stock outstanding on June 30, 1996, and
adjusted to reflect the conversion by Dana-Farber of the Debenture into 351,662
shares of Common Stock.
(3) Assumes purchase by Prudential Securities Incorporated as principal of the
351,662 shares of Common Stock issued to Dana-Farber upon conversion of the
Debenture.
(4) Based on 16,599,855 shares of Common Stock outstanding on June 30, 1996,
and adjusted to reflect the exercise of the LBC Warrants.
</TABLE>
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This Prospectus Supplement No. 1 should be read in conjunction with the
Prospectus dated July 12, 1996.
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