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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of June , 1999
Frontline Ltd. (formerly London & Overseas Freighters Limited)
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(Translation of registrant's name into English)
Mercury House, 101 Front Street, Hamilton, HM 12, Bermuda
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F
Form 20-F X
Form 40-F
Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
Yes______ No X
If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): 82-__________
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FRONTLINE ACQUIRES MORE SHARES IN ICB SHIPPING AB
Frontline Ltd. including subsidiaries has as of June 23 increased
their holding in ICB Shipping AB to 68 per cent of the
outstanding capital and 44 per cent of the outstanding votes.
Hamilton, Bermuda, June 23, 1999
The Board of Frontline Ltd.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorised.
Frontline Ltd.
(Registrant)
Date: June 23, 1999 By ______________________
/s/ Kate Blankenship
__________________________
Kate Blankenship
Secretary
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02089006.AA9
