ISOLYSER CO INC /GA/
SC 13G/A, 1998-02-13
ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES
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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20549

                                  SCHEDULE l3G

                    Under the Securities Exchange Act of l934

                                (Amendment No. 3)



                             Isolyser Company, Inc.
                                (Name of Issuer)



                         Common Stock, $0.001 par value
                         (Title and Class of Securities)



                                   464888-10-6
                                 (CUSIP Number)








510174.1

<PAGE>


CUSIP NO. 464888-10-6                                                Page 2 of 6



(1)   Names of Reporting Persons S.S. or I.R.S. Identification Nos. of
      Above Persons

                               Travis W. Honeycutt
                                 SS# ###-##-####

(2)   Check the Appropriate Box if a Member of a Group

         (a) ___.

         (b) ___.

(3)   SEC Use Only


(4)   Citizenship or Place of Organization

                                  United States


Number of Shares         (5)      Sole Voting Power   -      2,900,388*
Beneficially Owned by
Each Reporting Person    (6)      Shared Voting Power -      0*
With
                         (7)      Sole Dispositive Power -   2,900,388*

                         (8)      Shared Dispositive Power - 0*
              
(9)   Aggregate Amount Beneficially Owned by Each Reporting Person

                                2,900,388 shares*

(10)  Check if Aggregate Amount in Row (9) Excludes Certain Shares ____.


(11)  Percent of Class Represented by Amount in Row 9

                                  7.3 percent*

(12)  Type of Reporting Person

                                       IN



510174.1

<PAGE>


CUSIP NO. 464888-10-6                                                Page 3 of 6



*        Reflects a 2 for 1 split of the Common Stock of the  Company,  declared
         on September 1, 1995, which was effected as a stock dividend on October
         2, 1995 to  shareholders  of record on  September  15,  1995.  Includes
         26,666  shares of Common Stock which are issuable  upon the exercise of
         currently exercisable options.

510174.1

<PAGE>


CUSIP NO. 464888-10-6                                                Page 4 of 6



Item l(a).        Name of Issuer:

                  Isolyser Company, Inc.

Item l(b).        Address of Issuer's Principal Executive Offices:

                  650 Engineering Drive
                  Norcross, Georgia  30092

Item 2(a).        Name of Person Filing:

                  See item (l) of the cover pages

Item 2(b).        Address of Principal Business Office:

                  650 Engineering Drive
                  Norcross, Georgia  30092

Item 2(c).        Citizenship:

                  See item (4) of cover pages

Item 2(d).        Title of Class of Securities:

                  Common Stock, $0.001 Par Value

Item 2(e).        CUSIP Number:

                  464888-10-6

Item 3.           Nature of Person Filing:

                  Not applicable

Item 4.           Ownership:

                  (a)      Amount Beneficially Owned:

                           See item (9) of cover pages

                  (b)      Percent of Class:

                           See item (11) of cover pages

510174.1

<PAGE>


CUSIP NO. 464888-10-6                                                Page 5 of 6




                  (c) Number of shares as to which such person has:

                           (i)  sole power to vote or to direct the vote:

                                    See item (5) of cover pages

                           (ii) shared power to vote or to direct the vote:

                                    See item (6) of cover pages

                          (iii) sole  power  to  dispose  or  to  direct  the
                                disposition of:

                                    See item (7) of cover pages

                          (iv)  shared  power  to  dispose  or  to  direct  the
                                disposition of:

                                    See item (8) of cover pages

Item 5.  Ownership of Five Percent or Less of Class:

                  [      ]

Item 6.  Ownership of More than Five Percent on Behalf of Another Person:

                  Not applicable

Item 7.  Identification and Classification of the Subsidiary Which Acquired 
         the Security Being Reported on By the Parent Holding Company:

                  Not applicable

Item 8.  Identification and Classification of Members of the Group:

                  Not Applicable

Item 9.  Notice of Dissolution of Group:

                  Not applicable

Item 10. Certification:

                  Not applicable

510174.1

<PAGE>


CUSIP NO. 464888-10-6                                                Page 6 of 6


Signature.

         After reasonable inquiry the undersigned  certifies that to the best of
his knowledge and belief the  information  set forth in this  statement is true,
complete and correct.



/s/ Travis W. Honeycutt                           February 10, 1998
Travis W. Honeycutt                                      Date

               


510174.1





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