THERAPEUTIC ANTIBODIES INC /DE
5, 1999-02-16
MEDICAL LABORATORIES
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FORM 5                                                                         
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/X/ CHECK BOX IF NO               U.S. SECURITIES AND EXCHANGE COMMISSION                           ------------------------------
    LONGER SUBJECT TO                       WASHINGTON, DC 20549                                             OMB APPROVAL
    SECTION 16. FORM                                                                                ------------------------------
    4 OR FORM 5             ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP                     OMB Number          3235-0362
    OBLIGATIONS MAY                                                                                 Expires:   September 30, 1998
    CONTINUE. SEE            Filed pursuant to Section 16(a) of the Securities                      Estimated average burden
    INSTRUCTION 1(b)                         Exchange Act of 1934,                                  hours per response......1.0  
/ / FORM 3 HOLDINGS                  Section 17(a) of the Public Utility                            ------------------------------
    REPORTED                 Holding Company Act of 1935 or Section 30(f) of 
/X/ FORM 4                              the Investment Company Act            
    TRANSACTIONS                                   of 1940                    
    REPORTED                                                                   

<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
    Andrews,      Thomas              G.          Therapeutic Antibodies Inc. (TAb-LS)          Issuer (Check all applicable)
- -------------------------------------------    ----------------------------------------------       Director         10% Owner
  (Last)          (First)          (Middle)    3. IRS Identification      4. Statement for      ----              ---
    2207 Crestmoor                                Number of Reporting        Month/Year             Officer (give  X Other (specify
- -------------------------------------------       Person, if an Entity          12/98           ----        title ---       below)
                 (Street)                         (Voluntary)             -------------------               below)
 Nashville           TN              37215                                5. If Amendment,                 Former Director
- -------------------------------------------                                  Date of Original       -------------------------------
  (City)           (State)           (Zip)                                   (Month/Year)              
                                                                                             7. Individual or Joint/Group Filing
                                                                          ------------------    (Check applicable line)
                                                                                                 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 at     Form:          direct  
                                               (Instr.                                   End of Issuer's     Direct         Benefi-
                                  (Month/      8)                                        Fiscal Year         (D) or         cial
                                   Day/                 ----------------------------     (Instr. 3 and 4)    Indirect       Owner- 
                                   Year)                Amount    (A) or      Price                          (I)            ship   
                                                                  (D)                                        (Instr. 4)     (Instr.
                                                                                                                            4)     

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*If the form is filed by more than one Reporting Person, see Instruction 4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.                   (Over)

                                                      (Print or Type Responses)                     
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FORM 5 (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       Expiration      Securities            Deriv-    
                             Price of     (Month/    (Instr.     Acquired (A)     Date            (Instr. 3 and 4)      ative     
                             Deriv-       Day/       8)          or Disposed      (Month/Day/                           Secur-    
                             ative        Year)                  of (D)           Year)                                 ity       
                             Security                            (Instr. 3,                                             (Instr. 5)
                                                                 4, and 5)     -----------------------------------             
                                                                               Date    Expira-            Amount or            
                                                              ---------------  Exer-   tion       Title   Number of            
                                                                (A)     (D)    cisable Date               Shares               
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Stock Options                $2.40       6/29/98      A       Options         6/29/99  6/29/08    Common   10,000     
                                                              to                                  Stock            
                                                              purchase                                               
                                                              10,000                                                
                                                              shares                                                  
                                                                                                                      
                                                                                                                   
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<CAPTION>
<C>                          <C>                    <C>                         <C>                              
1. Title of Derivative       9. Number of           10. Ownership               11. Nature of                              
   Security                     Derivative              of Derivative               Indirect                     
   (Instr. 3)                   Securities              Security:                   Beneficial                   
                                Beneficially            Direct (D)                  Ownership                    
                                Owned at End            or Indirect (I)             (Instr. 4)                   
                                of Year                 (Instr. 4)                                               
                                (Instr. 4)                                                                       
                                                                                 
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Stock Options              Options and warrants               D
                           to purchase 59,500 shares
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Explanation of Responses:
 
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.    /s/ Thomas G. Andrews           2-16-99
  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.                                                 

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