SCHEDULE 13D
NAME OF ISSUER: METRA BIOSYSTEMS
TITLE OF CLASS OF SECURITIES: COMMON STOCK
CUSIP NUMBER: 59114210
NAME, ADDRESS AND TELEPHONE NO: KURT AMUNDSON, 265 NORTH WHISMAN ROAD,
MOUNTAIN VIEW, CA 94043 PH: 415-903-9100
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT: 3/24/98
1. NAME OF REPORTING PERSONS: IRS: ID NOS. OF ABOVE PERSON:
THOMAS MITCHELL MANAGEMENT CO. INC. - 13-3589733
2. CHECK BOX IF A MEMBER OF A GROUP (B) x
3. SEC use only
4. Source of Funds 00
5. Check if Disclosure of Legal Proceedings is Require Pursuant to Items
2(d) or 2 (e) not sure - no proceedings.
6. Citizenship or Place of Organization - State of Delaware
7. Sole Voting Power -
8. Shared Voting Power - Thomas Mitchell Mgt. Co. Inc. - 76,800
9. Sole Dispositive Power - Thomas Mitchell Mgt. Co. Inc.- 76,800
10. Shared Dispositive Power
11. Aggregate Amount Beneficially Owned by Each Reporting Person 76,800
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
13. Percent of Class Represented by Amount in Row (11) 0.61%
14. Type of Reporting Person
Thomas Mitchell Management Co. Inc. - IA
CUSIP NO: 59114210
SCHEDULE 13D
ITEM #1- METRA BIOSYSTEMS
ITEM #2-a- Thomas Mitchell Management Co, Inc.
b- POB 31
Lake Placid, NY 12946
C- Investment Advisor
D- During the last five years, Thomas Mitchell Management Co., Inc.
has
not been convicted in a criminal proceeding .
E- During the last five years, Thomas Mitchell Management Co., Inc.
was
not a party to a civil proceeding of a judicial or administrative
body of
competent jurisdiction and as a result of such proceeding was or is
subject
to a judgment, decree or final order enjoining future violations
of, or
prohibiting or mandating activities subject to, federal or state
securities
laws or finding any violation with respect to such laws.
F- U.S.A.
ITEM #3- Cash from Advisory Accounts
ITEM #4- For Investment Purposes only.
ITEM #5a- 76,800/ 12,650,000 = 0.61%
b-Thomas Mitchell Management Co., Inc. shared dispositive power and
shared voting power
c- 16,000 -shares purchased to settle 3/24/98 through NASDAQ and
in
negotiated transactions at prices from $2.25-$2.30 per share.
d-not applicable
e-not applicable
ITEM #6- not applicable
ITEM #7-not applicable
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.
Date: April 3, 1998
Signature: Thomas S. Mitchell
