INTERNATIONAL ASSETS HOLDING CORP
4, 1999-02-10
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     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(f) of the Investment Company Act of 1940

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

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1. Name and Address of Reporting Person


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   (Last)               (First)                 (Middle)
   MILLER,               ROBERT                    A.
          
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                                    (Street)
             250 PARK AVENUE, SOUTH       SUITE 200

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   (City)               (State)                 (Zip)

             WINTER PARK, FLORIDA         32789
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2. Issuer Name and Ticker or Trading Symbol

             INTERNATIONAL ASSETS HOLDING CORPORATION/IAAC  

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3. IRS or Social Security Number of Reporting Person (Voluntary)


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4. Statement for Month/Year

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


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

   [ X  ]   Director                            [   ]   10% Owner
   [   ]   Officer (give title below)           [   ]   Other (specify below)



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================================================================================
           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.
                                                    Transaction  (Instr. 3, 4 and 5)             Beneficially   Direct    Nature of
                                      2.            Code         ------------------------------- Owned at End   (D) or    Indirect
1.                                    Transaction   (Instr. 8)                   (A)             of Month       Indirect  Beneficial
Title of Security                     Date          ------------     Amount      or     Price    (Instr. 3      (I)       Ownership
(Instr. 3)                            (mm/dd/yy)     Code     V                  (D)             and 4)         (Instr.4) (Instr. 4)
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                   <C>            <C>      <C>    <C>         <C>    <C>      <C>            <C>       <C>


- ------------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL ASSETS HOLDING
CORPORATION                          01/07/99        P             1,000          A     1.75      6600           D
- ------------------------------------------------------------------------------------------------------------------------------------
INTERNAATIONAL ASSETS HOLDING
CORPORATION                          01/12/99        P             1,000          A     1.8125    7600           D
- ------------------------------------------------------------------------------------------------------------------------------------

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====================================================================================================================================
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly


<PAGE>


FORM 4 (continued)

Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
         (e.g., puts, calls, warrants, options, convertible securities)

================================================================================
<TABLE>
<CAPTION>
                                                                                                          9.        10.    
                                                                                                          Number    Owner- 
                                                                                                          of        ship   
                    2.                                                                                    Deriv-    of     
                    Conver-                    5.                              7.                         ative     Deriv-   11.    
                    sion                       Number of                       Title and Amount           Secur-    ative    Nature 
                    of                         Derivative    6.                of Underlying     8.       ities     Secur-   of     
                    Exer-             4.       Securities    Date              Securities        Price    Bene-     ity:     In-    
                    cise     3.       Trans-   Acquired (A)  Exercisable and   (Instr. 3 and 4)  of       ficially  Direct   direct 
                    Price    Trans-   action   or Disposed   Expiration Date   ----------------  Deriv-   Owned     (D) or   Bene-  
1.                  of       action   Code     of(D)         (Month/Day/Year)            Amount  ative    at End    In-      ficial 
Title of            Deriv-   Date     (Instr.  (Instr. 3,    ----------------            or      Secur-   of        direct   Owner- 
Derivative          ative    (Month/  8)       4 and 5)      Date     Expira-            Number  ity      Month     (I)      ship   
Security            Secur-   Day/     ------   ------------  Exer-    tion               of      (Instr.  (Instr.   (Instr.  (Instr.
(Instr. 3)          ity      Year)    Code V    (A)   (D)    cisable  Date     Title     Shares  5)       4)        4)       4)
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                 <C>      <C>      <C>  <C>  <C>   <C>    <C>      <C>      <C>       <C>     <C>      <C>       <C>      <C>

- ------------------------------------------------------------------------------------------------------------------------------------
STOCK OPTION       1.50     01/06/99   J       10,000     01/06/00  01/06/09  COMMON   10,000            10,000      D
- ------------------------------------------------------------------------------------------------------------------------------------
STOCK OPTION       2.875                                  07/20/99  07/20/08  COMMON   10,000            10,000      D

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====================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
<S>                                 <C>
Explanation of Responses: 20% of the $2.875 option becomes exercisable on 07/20/99; 20% on 07/20/00; 20% on 07/20/01; 20% on
                          07/20/03.   20% of the $1.50 option becomes exercisable on 01/06/2000 20% on 01/06/01; 20% on 01/06/03
                          and 20% on 01/06/04.
</TABLE>



/S/   ROBERT A. MILLER                                         02/09/99
- ---------------------------------------------            -----------------------
      **Signature of Reporting Person                             Date

**   Intentional misstatements or omissions of facts constitute Federal Criminal
     Violations.

     See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:  File three copies of this Form, one of which must be manually signed.
       If space provided is insufficient, see Instruction 6 for procedures.


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