FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
OMB APPROVAL
OMB Number: 3235-0104
Expires: September 30, 1998
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(Print or Type Responses)
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
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<S> <C> <C>
1. Name and Address of Reporting Person* 2. Date of Event Requiring 4. Issuer Name and Ticker or Trading Symbol
Statement BioTime, Inc. (BTIM)
(Month/Day/Year)
Dresner Milton H 2/6/98
(Last) (First) (Middle)
3. IRS or Social Security 5. Relationship of Reporting Person(s)
Number of Reporting to Issuer (Check all applicable)
Person (Voluntary) __X__ Director _____ 10% Owner
_____ Officer(give _____ Other
28777 Northwester Highway, Suite 100 title below) specify below)
(Street) ----------------------------
6. If Amendment, 7. Individual or Joint/Group Filing
Date of Original (Check Applicable Line)
(Month/Year) _X_Form filed by One Reporting Person
Southfield MI 48034 __Form filed by More than One
(City) (State) (Zip) Reporting Person
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Table 1 -- Non-Derivative Securities Beneficially Owned
<S> <C> <C> <C>
1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect Beneficial Ownership
(Instr.4) Beneficially Owned Form: Direct (Instr.5)
(Instr.4) (D) or Indirect
(I) (Instr.5)
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Common Shares, 500 D
no par value
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<FN>
Reminder: Report Reminder: Report on a separate line for each class of
securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person,see Instruction 5(b)(v).
(Over)
SEC 1471(7-96)
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FORM 3 (continued)
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Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<S> <C> <C> <C> <C> <C>
1. Title of Derivative Security 2. Date Exer- 3. Title and Amount 4. Conver- 5.Owner- 6. Nature of Indirect
(Instr. 4) cisable and of Securities sion or ship Beneficial Ownership
Expiration Underlying Exercise Form of (Instr.5)
Date Derivative Price of Derivative
(Month/Day/Year) Security Derivative Security;
(Instr.4) Security Direct
Amount (D) or
of Indirect
Date Expira- Title Number (I)
Exer- tion of (Instr.5)
cisable Date Shares
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*Right to acquire shares 4/1/98 N/A Common 500 $12.50 D
Shares
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Right to acquire shares 7/1/98 N/A Common 500 $12.50 D
Shares
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Right to acquire shares 10/1/98 N/A Common 500 $12.50 D
Shares
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<FN>
Explanation of Responses:
*Shares will be granted in lieu of cash director's fee on a quarterly basis.
** 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 is insufficient, see Instruction 6 for procedure.
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 valid OMB
Number.
</FN>
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/s/Milton H. Dresner 2/16/98
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**Signature of Reporting Person Date
