SCHEDULE 13G
Amendment No. 3
Sealed Air Corporation
Common Stock
$.01 par value
Cusip #: 812-11K-10-0
Item 1: Reporting Person
Tiger Management L.L.C. Item
4: Delaware
Item 5: -0-
Item 6: 4,994,030
Item 7: -0-
Item 8: 4,994,030
Item 9: 4,994,030
Item 11: 5.98%
Item 12: IA
Cusip #: 812-11K-10-0
Item 1: Reporting Person
Tiger Performance L.L.C.
Item 4: Delaware
Item 5: -0-
Item 6: 4,086,840
Item 7: -0-
Item 8: 4,086,840
Item 9: 4,086,840
Item 11: 4.89%
Item 12: IA
Cusip #: 812-11K-10-0
Item 1: Reporting Person
Julian H. Robertson, Jr.
Item 4: U.S.
Item 5: 90,000
Item 6: 9,170,870
Item 7: 90,000
Item 8: 9,170,870
Item 9: 9,170,870
Item 11: 10.98%
Item 12: IN
Item 1(a). Sealed Air
Corporation
Item 1(b). Park 80 East,
Saddle Brook, NJ 07662
Item 2(a). This statement is
filed on behalf of Tiger
Management L.L.C.("TMLLC")
and Tiger Performance L.L.C.
("TPLLC").
Julian H. Robertson, Jr. is
the ultimate controlling
person of TMLLC and TPLLC.
Item 2(b). The address of
each reporting person is 101
Park Avenue, New York, NY
10178
Item 2(c). Incorporated by
reference to item
(4) of the cover page
pertaining to each reporting
person.
Item 2(d). Common Stock
$0.01 par value
Item 2(e). 812-11K-10-0
Item 3. TMLLC and TPLLC are
investment advisers
registered under Section 203
of the Investment Advisers
Act of 1940.
Item 4. Ownership as of May 31,
1999 is incorporated by reference
to items (5) - (9) and (11) of
the cover page pertaining to
each reporting person.
Item 5. Not applicable
Item 6. Investment funds advised by
TMLLC and TPLLC have the right to
receive dividends from
or proceeds from the sale of
such securities. The
interests of one such
fund, The Jaguar Fund
N.V., a Netherlands Antilles
corporation, is more than
5%.
Item 7. Not applicable
Item 8. Not applicable
Item 9. Not applicable
Item 10. By signing below, I
certify that, to the best of
my knowledge and belief, the
securities referred to above
were acquired in the
ordinary course of business
and were not acquired for
the purpose of and do not
have the effect of changing
or influencing the control
of the issuer of such
securities and were not
acquired in connection with
or as a participant in any
transaction having such
purpose or effect.
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.
June 10, 1999
TIGER MANAGEMENT L.L.C.
/s/ Nolan Altman,
Chief Financial Officer
TIGER PERFORMANCE L.L.C.
/s/ Nolan Altman,
Chief Financial Officer
JULIAN H. ROBERTSON, JR.
By: /s/ Nolan Altman Chief
Financial Officer Under
Power of Attorney dated
1/27/95
On File with Schedule 13G
for Kohl's Corp. 2/7/95
AGREEMENT
The undersigned agree that
this Amendment No. 3 to
Schedule 13G dated June
10, 1999 relating to shares
of common stock of Sealed
Air Corporation shall be
filed on behalf of each of
the undersigned.
TIGER MANAGEMENT L.L.C.
/s/ Nolan Altman,
Chief Financial Officer
TIGER PERFORMANCE L.L.C.
/s/ Nolan Altman,
Chief Financial Officer
JULIAN H.
ROBERTSON, JR.
By: /s/ Nolan Altman Under
Power of Attorney dated
1/27/95 On file with
Schedule 13G for Kohl's
Corp. 2/7/95
