IMMUCELL CORP /DE/ — Director's Dealing 2004

Feb 3, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMMUCELL CORP /DE/ (ICCC)
CIK: 0000811641
Period of Report: 2004-01-30

Reporting Person: ROTHSCHILD JONATHAN E (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-30	Common Stock, par value $0.10 per share	P	800	$3.89	Acquired	348760	Direct
2004-02-03	Common Stock, par value $0.10 per share	P	400	$3.91	Acquired	349160	Direct
2004-02-03	Common Stock, par value $0.10 per share	P	1000	$3.91	Acquired	350160	Direct
2004-02-03	Common Stock, par value $0.10 per share	P	500	$3.86	Acquired	350660	Direct

Footnotes

F1: These shares were acquired by Arterio, Inc., a company solely owned by Mr. Rothschild.