INTERPOOL INC
4, 1999-10-06
EQUIPMENT RENTAL & LEASING, NEC
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                                     FORM 4

                  STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

    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(I) of the Investment Company Act of 1940

[_]  Check box if no longer  subject to Section 16. Form 4 or Form 5 obligations
     may continue. See Instruction 1(b).

________________________________________________________________________________
1.   NAME and ADDRESS of Reporting Person

 Serenbetz                          Warren                 L.
- --------------------------------------------------------------------------------
   (Last)                           (First)             (Middle)

c/o Interpool, Inc.
211 College Road East
- --------------------------------------------------------------------------------
                                    (Street)

Princeton                          New Jersey            08540
- --------------------------------------------------------------------------------
   (City)                           (State)              (Zip)


________________________________________________________________________________
2.   ISSUER NAME and Ticker or Trading Symbol


Interpool, Inc. (IPX)
________________________________________________________________________________
3.   IRS or Social Security Number of Reporting Person (Voluntary)



________________________________________________________________________________
4.   Statement for Month/Year


September 1999
________________________________________________________________________________
5.   If Amendment, Date of Original (Month/Year)


________________________________________________________________________________
6.   Relationship of Reporting Person to Issuer
     (Check all applicable)

     [X]  Director                             [X]  10% Owner
     [_]  Officer                              [_]  Other (specify below)
________________________________________________________________________________
7.   Individual or Joint/Group Filing (Check Applicable Line)

     [X]  Form filed by one Reporting Person
     [_]  Form filed by more than one Reporting Person
________________________________________________________________________________


================================================================================
           Table I -- Non-Derivative Securities Acquired, Disposed of,
                             or Beneficially Owned
================================================================================
<TABLE>
<CAPTION>
                                                                                                                6.
                                                                 4.                              5.             Owner-
                                                                 Securities Acquired (A) or      Amount of      ship
                                                    3.           Disposed of (D)                 Securities     Form:     7.
                                      2.            Transaction  (Instr. 3, 4 and 5)             Beneficially   (D)       Nature of
                                      Trans-        Code         ------------------------------- Owned End      Direct or Indirect
1.                                    action Date   (Instr. 8)                   (A)             of Month       (I)       Beneficial
Title of Security                     (Month/Day/   ------------     Amount      or     Price    (Instr. 3      Indirect  Ownership
(Instr. 3)                             Year)         Code     V                  (D)             and 4)         (Instr.4) (Instr. 4)
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                   <C>            <C>      <C>    <C>         <C>    <C>      <C>            <C>       <C>

Common Stock                          09/01/99       P               2,857       A      9.8125                  I         (1)(2)
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock                          09/08/99       P                 857       A       9.375                  I         (1)(2)
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock                          09/29/99       P                  29       A      8.6875                  I         (1)(2)
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock                          09/29/99       P                 543       A        9.00                  I         (1)(2)
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock                          09/29/99       P                 286       A       9.125                  I         (1)(2)
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock                          09/29/99       P                 571       A        9.25   2,409,273      I         (1)(2)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                   891,308      D
- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

====================================================================================================================================
</TABLE>

(1) Stock acquired by The Ivy Group, LLC a New Jersey limited  liability company
in which the reporting person holds a 28.57% interest.

(2)  Aggregate  indirect   beneficial  interest  in  2,409,273  shares  includes
1,134,584  shares  owned by family  members,  1,119,560  shares owned by Hickory
Enterprises,  L.P. a limited  partnership in which the reporting  person holds a
22% non voting  interest,  and 155,129  shares held by The Ivy Group,  LLC a New
Jersey  limited  liability  company  in which  reporting  person  holds a 28.57%
interest.



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