INTERPOOL INC
4, 1999-03-09
EQUIPMENT RENTAL & LEASING, NEC
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FORM 4                                               
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                                 U.S. SECURITIES AND EXCHANGE COMMISSION
                                          WASHINGTON, DC 20549
                                       
                                STATEMENT OF CHANGE IN BENEFICIAL OWNERSHIP
/ / Check this box if no                                                     
    longer Subject to         Filed pursuant to Section 16(a) of the Securities 
    Section 16, Form 4            Exchange Act of 1934, Section 17(a) of the 
    or Form 5 obligations         Public Utility Holding Company Act of 1935
    may continue. See              or Section 30(I) of the Investment Company
    Instruction 1(b)                            Act of 1940               

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<S>                             <C>            <C>                       <C>                 <C>          <C>            <C>   
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 1. NAME and ADDRESS of Reporting Person       2. ISSUER NAME and Ticker or Trading Symbol   6. Relationship of Reporting Person to
    Serenbetz     Warren             L.             Interpool, Inc. (IPX)                       Issuer (Check all applicable)
- -------------------------------------------    --------------------------------------------      X  Director       X 10% Owner
  (Last)          (First)          (Middle)    3. IRS or Social Security  4. Statement for      ----              ---
  c/o Interpool, Inc.                             Number of Reporting        Month/Year             Officer          Other (Specify
  211 College Road East                         Person (Voluntary)             2/99             ----              ---       below)
- ---------------------------------------------                             -------------------                     
                 (Street)                        --------------------    5. If Amendment,        __________________________________
  Princeton      New Jersey         08540                                    Date of Original  7. Individual or Joint/Group Filing
- ---------------------------------------------                               (Month/Year)          (Check Applicable Line) 
(City)          (State)             (Zip)                                                    _X_ Form filed by One Reporting Person
                                                                           --------------    ___ Form filed by more than one 
                                                                                                  Reporting Person
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                                                   TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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 1. Title of Security           2. Trans-   3. Transac-  4. Securities Acquired (A)  5.  Amount of Se-    6. Owner-      7. Nature  
  (Instr. 3)                       action      tion         or Disposed of (D)           curities Benefi-    ship           of In-  
                                   Date        Code         (Instr. 3, 4 and 5)          cially Owned        Form:          direct  
                                               (Instr. 8)                                End of the Month    Direct         Benefi-
                                  (Month/                                                (Instr. 3 and 4)    (D) or         cial
                                   Day/   ---------------------------------------                            Indirect       Owner- 
                                   Year)  Code    V      Amount   (A) or    Price                            (I)            ship   
                                                                  (D)                                        (Instr. 4)     (Instr.
                                                                                                                            4)     

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  Common Stock                   02/01/99   P             114      A       15.125                              I              (1)
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  Common Stock                   02/02/99   P             143      A       15.3125       2,398,899             I            (1)(2)
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                                                                                           891,308             D
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Stock acquired by The Ivy Group, a New Jersey partnership in which the reporting person holds a 28.57% interest.

Aggregate indirect beneficial interest in 2,398,899 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 144,755
shares held by The Ivy Group, a New Jersey partnership in which reporting person holds a 28.57% interest.
  
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<CAPTION>
                                                                                                                                
 
FORM 4 (CONTINUED)        TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
                                  (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)

<S>                       <C>          <C>        <C>         <C>              <C>             <C>                   <C>          
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1. Title of Derivative    2. Conver-   3. Trans-  4. Trans-   5. Number of     6. Date Exer-   7. Title and Amount   8. Price     
   Security                  sion or      action     action      Derivative       cisable and     of Underlying         of        
   (Instr. 3)                Exercise     Date       Code        Securities Ac-   Expiration      Securities            Deriv-    
                             Price of     (Month/    (Instr. 8)  quired (A) or    Date            (Instr. 3 and 4)      ative     
                             Deriv-       Day/                   Disposed of (D)  (Month/Day/                           Secur-    
                             ative        Year)                  (Instr. 3, 4,    Year)                                 ity       
                             Security                            and 5)                                                 (Instr. 5)
                                                                               -----------------------------------             
                                                                               Date    Expira-            Amount or            
                                                    -------------------------- Exer-   tion       Title   Number of            
                                                    Code  V     (A)     (D)    cisable Date               Shares               
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<S>                          <C>                    <C>                         <C>                              
1. Title of Derivative       9. Number of           10. Ownership               11. Nature of                              
   Security                     Derivative              Form of                     Indirect                     
   (Instr. 3)                   Securities              Derivative                  Beneficial                   
                                Beneficially            Security:                   Ownership                    
                                Owned at End            Direct (D)                  (Instr. 4)                   
                                of Month                or Indirect (I)                                          
                                (Instr. 4)              (Instr. 4)                                               
                                                                                 
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Explanation of Responses:
 
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.      /s/  Warren L. Serenbetz     3/9/99
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).                                                    ------------------------------ --------
                                                                                            **Signature of Reporting Person   Date
                                         

Note. File three copies of this Form, one of which must be manually signed.                                               Page 2   
      If space provided is insufficient, see Instruction 6 for procedure.                               (Bulletin No. 177, 10-15-97)

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