Company:  AASTROM BIOSCIENCES INC (ASTM)
Form Type:  S-1/A
Filing Date:  1/30/1997 
CIK:  0000887359 
Address:  24 FRANKL LLOYD WRIGHT DR
PO BOX 376 
City, State, Zip:  ANN ARBOR, Michigan 48106 
Telephone:  (734) 930-5555 
Fiscal Year:  12/31 
Last Trade
Last Trade: 
$0.57   		Change: 
-0.0115 (-1.97%)  
Trade Time: 
03:59 PM EST   		Market Cap: 
$26.17M
Description of Business
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  FORM S-1/A
    CALCULATION OF REGISTRATION FEE
    PROSPECTUS (Subject to Completion)
    PROSPECTUS SUMMARY
    THE OFFERING
    SUMMARY FINANCIAL DATA
    RISK FACTORS
    SHARES ELIGIBLE FOR FUTURE SALE
    USE OF PROCEEDS
    DIVIDEND POLICY
    CAPITALIZATION
    DILUTION
      BENEFICIAL OWNERS
    SELECTED FINANCIAL DATA
    MANAGEMENT'S DISCUSSION AND ANALYSIS OF
      LIQUIDITY AND CAPITAL RESOURCES
    BUSINESS
      COMPETITION
      EMPLOYEES
      LEGAL PROCEEDINGS
    MANAGEMENT
      NAME AND TITLE
    EXECUTIVE COMPENSATION
      COMPENSATION TABLE
      OPTIONS
      OPTIONS AGGREGATE
        STOCK OPTION AND EMPLOYEE BENEFIT PLANS
    COMPENSATION OF DIRECTORS
      COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION ...
    CERTAIN TRANSACTIONS
    PRINCIPAL SHAREHOLDERS
      BENEFICIAL OWNERS
    DESCRIPTION OF CAPITAL STOCK
    UNDERWRITING
    TRANSFER AGENT AND REGISTRAR
    LEGAL MATTERS
    EXPERTS
    ADDITIONAL INFORMATION
    INDEX TO FINANCIAL STATEMENTS
      REPORT OF INDEPENDENT ACCOUNTANTS
      BALANCE SHEET
      INCOME STATEMENT
      STOCKHOLDERS EQUITY
      CASH FLOW
      NOTES TO FINANCIAL STATEMENTS
      3. PROPERTY
    TABLE OF CONTENTS
    PART II
      ITEM 13. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION
      ITEM 14. INDEMNIFICATION OF DIRECTORS AND OFFICERS
      ITEM 15. RECENT SALES OF UNREGISTERED SECURITIES
      ITEM 16. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
      ITEM 17. UNDERTAKINGS
    SIGNATURES
    EXHIBIT INDEX
  EXHIBIT 23.1
    CONSENT OF INDEPENDENT ACCOUNTANTS
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