ASSISTED LIVING CONCEPTS INC
424B3, 1998-12-02
NURSING & PERSONAL CARE FACILITIES
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<PAGE>

                                                FILED PURSUANT TO RULE 424(b)(3)
                                                      REGISTRATION NO. 333-52297
 
PROSPECTUS SUPPLEMENT
TO PROSPECTUS DATED JULY 22, 1998

          This Prospectus Supplement amends and restates pages 10 and 11 of the
Prospectus dated July 22, 1998, as supplemented by Prospectus Supplements dated
October 29, October 1 and August 25, 1998. Except as set forth herein, the
contents of the Prospectus remain as set forth therein.

                            SELLING DEBENTUREHOLDERS

          The Debentures being offered hereby were acquired by the Selling
Debentureholders in connection with a private placement of the Debentures by the
Company on April 13, 1998 pursuant to Rule 144A and Regulation D under the
Securities Act or in permitted resale transactions from the initial purchasers
of the Debentures (the "Initial Purchasers") or holders acquiring such
Debentures from prior holders thereof in further permitted resale transactions.

          The following table sets forth the names of the Selling
Debentureholders, the number of shares of Common Stock owned by each of them as
of the date of this supplement and the principal amount of Debentures which may
be offered pursuant to this Prospectus.  Other than as a result of the ownership
of Debentures or Common Stock, none of the Selling Debentureholders has had any
position, office or other material relationship with the Company or any of its
predecessors or affiliates within the past three years, except as noted herein.
The information in the table and accompanying footnotes has been prepared based
upon information furnished to the Company by or on behalf of the Selling
Debentureholders.

<TABLE>
<CAPTION>
                                                       Principal Amount     Principal Amount                                      
                                                         of Debentures       of Debentures       Common Stock    Common Stock     
                                                         Beneficially           That May        Owned Prior to     That May       
                         Name                                Owned              be Sold         Offering (1)(#)    be Sold(#) 
                         ----                          ----------------     ----------------    --------------   ------------
<S>                                                      <C>                 <C>                  <C>                <C> 
Associated Electric & Gas Insurance                       
  Services Limited....................................    $   500,000         $   500,000                             
Chase Vista Balanced Fund.............................        300,000             300,000                -                -  
Chase Vista Select Balanced Fund......................        500,000             500,000               (2)               -  
Chrysler Corp. Emp. #1 Pension Plan dated 12/18/45....      1,510,000           1,510,000                -                -  
Fidelity Financial Trust:
   Fidelity Convertible Securities Fund...............      2,000,000           2,000,000                                    
Forest Alternative Strategies Fund A-5................      4,287,000           4,287,000                -                -  
Forest Alternative Strategies Fund II LP Series A-5I..        228,000             228,000                -                -  
Forest Alternative Strategies Fund II LP Series A-5M..        107,000             107,000                -                -  
Forest Alternative Strategies Fund II LP Series B-3...        350,000             350,000                -                -  
Forest Global Convertible Fund Series A-5.............      4,943,000           4,943,000                                    
Forest Global Convertible Fund Series B-1.............        200,000             200,000                -                -  
Forest Global Convertible Fund Series B-2.............        125,000             125,000                -                -  
Forest Global Convertible Fund Series B-5.............        150,000             150,000                -                -  
Forest Greyhound......................................        200,000             200,000                -                -  
Forest Performance Fund...............................        350,000             350,000                -                -  
Fortis Equity Portfolio Inc. -                                                                                               
  Fortis Growth & Income..............................        300,000             300,000                -                -  
Fortis Series Fund, Inc. - Growth & Income Series.....      1,700,000           1,700,000                -                -  
Foundation Account No. 1..............................        360,000             360,000                -                -  
Fox Family Foundation dated 10/10/87..................         50,000              50,000                -                -  
Fox Family Portfolio Partnership......................        450,000             450,000                -                -  
Franklin & Marshall College...........................        120,000             120,000                -                -  
Guardian Life Insurance Co. of America................      6,600,000           6,600,000                -                -  
Guardian Master Pension Trust.........................        400,000             400,000                -                -  
IBM Corp. Retirement Plan dated 12/18/45..............      2,575,000           2,575,000                -                -  
</TABLE> 

          THE DATE OF THIS PROSPECTUS SUPPLEMENT IS DECEMBER 2, 1998.
<PAGE>
 
<TABLE>
<CAPTION>
                                                       Principal Amount     Principal Amount                                      
                                                         of Debentures       of Debentures       Common Stock    Common Stock     
                                                         Beneficially           That May        Owned Prior to     That May       
                         Name                                Owned              be Sold         Offering (1)(#)    be Sold(#) 
                         ----                          ----------------     ----------------    --------------   ------------
<S>                                                      <C>                 <C>                  <C>                <C> 
JFI - Palantir, L.L.C.................................    $   500,000         $   500,000                -                -  
KA Investments L.L.C..................................      3,000,000           3,000,000                -                -  
LLC Account No. 1.....................................        160,000             160,000                -                -  
LLT Limited...........................................        185,000             185,000                -                -  
McMahan Securities Company, L.P.......................        500,000             500,000                -                -  
Merrill Lynch Convertible Fund, Inc...................        400,000             400,000               (3)               -  
Merrill Lynch Multinational Investment Portfolio                                                                             
  Equity/Convertible Series Convertible Securities                                                                            
  Portfolio (Offshore Fund)...........................        300,000             300,000               (4)               -  
Merrill Lynch World Income Fund, Inc..................      1,300,000           1,300,000               (5)               -  
Morgan Stanley Dean Witter                                                                                                   
  Convertible Securities Trust........................      3,000,000           3,000,000                -                -  
Publix Super Markets, Inc. Profit-Sharing                                                                                    
  Plan & Trust........................................      1,000,000           1,000,000                -                -  
Shepherd Investment International Ltd.................      1,000,000           1,000,000                -                -  
Schroder & Co. Inc.(6)................................      5,780,000           5,780,000                -                -  
SoundShore Opportunity Holding Fund Ltd...............        500,000             500,000                                    
SoundShore Partners L.P...............................      4,000,000           4,000,000                -                -  
Stark International...................................      1,000,000           1,000,000                -                -  
State Street Bank Custodian for GE Pension Trust......        795,000             795,000                -                -  
The Kaufmann Fund, Inc................................      4,000,000           4,000,000                -                -  
The TCW Group, Inc....................................      8,620,000           8,620,000                -                -  
Van Kampen American Capital Convertible                                                                                      
  Securities Fund.....................................        583,000             583,000                -                -  
Van Kampen American Capital Harbor Fund...............      3,417,000           3,417,000                -                -  
Winchester Convertible Plus, Ltd......................        480,000             480,000                -                -  
Ziff Asset Management, L.P............................      1,000,000           1,000,000          163,100                -   
                                                          -----------         -----------          -------           ------
          Total.......................................    $69,825,000         $69,825,000          163,100                - 
                                                          ===========         ===========          =======           ======
</TABLE>

___________________________________________

(1)  Beneficial ownership is determined in accordance with the Rules of the
     Securities and Exchange Commission and generally includes voting or
     investment power with respect to securities.  Except as otherwise indicated
     by footnote, and subject to community property laws where applicable, the
     persons named in the table have sole voting and investment power with
     respect to all shares of Common Stock shown as beneficially owned by them.
(2)  Does not include $400,000 of the Company's 6% Convertible Subordinated
     Debentures due November 2002, which are convertible at $22.57 into 17,722
     shares of Common Stock.
(3)  Does not include $2,300,000 of the Company's 6% Convertible Subordinated
     Debentures due November 2002, which are convertible at $22.57 into 101,905
     shares of Common Stock.
(4)  Does not include $200,000 of the Company's 6% Convertible Subordinated
     Debentures due November 2002, which are convertible at $22.57 into 8,861
     shares of Common Stock.
(5)  Does not include $700,000 of the Company's 6% Convertible Subordinated
     Debentures due November 2002, which are convertible at $22.57 into 31,014
     shares of Common Stock.
(6)  Acted as placement agent in connection with the Company's offering of the
     Debentures.  Also served as lead manager in the offering of Common Stock
     and Debentures in October 1997.

          Because the Selling Debentureholders may offer all or some of the
Debentures which they hold and/or shares of Common Stock issued upon conversion
thereof pursuant to this Offering, and because there are currently no
agreements, arrangements or understandings with respect to the sale of any of
the Debentures or shares of Common Stock that will be held by the Selling
Debentureholders after completion of this Offering, no estimate can be given as
to the principal amount of Debentures or shares of Common Stock that will be
held by the Selling Debentureholders after completion of this offering.  See
"Plan of Distribution."


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