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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 L2EZXobB7FvvH3JOFZuiXZi6BRfJoAzJIVLXfyh/Z01Q4gEwPjnzWi6paokNJFn7
 q6TtVeDO/DGqrGH7hVTITQ==

<SEC-DOCUMENT>/in/edgar/work/0000903651-00-500005/0000903651-00-500005.txt : 20001114
<SEC-HEADER>0000903651-00-500005.hdr.sgml : 20001114
ACCESSION NUMBER:		0000903651-00-500005
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20001031
FILED AS OF DATE:		20001113

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INNODATA CORP
		CENTRAL INDEX KEY:			0000903651
		STANDARD INDUSTRIAL CLASSIFICATION:	 [7374
]		IRS NUMBER:				133475943
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231
</COMPANY-DATA>

		FILING VALUES:
			FORM TYPE:		4
			SEC ACT:		
			SEC FILE NUMBER:	000-22196
			FILM NUMBER:		758562
</FILING-VALUES>

			BUSINESS ADDRESS:	
				STREET 1:		95 ROCKWELL PL
				CITY:			BROOKLYN
				STATE:			NY
				ZIP:			11217
				BUSINESS PHONE:		7188550044
</BUSINESS-ADDRESS>

				MAIL ADDRESS:	
					STREET 1:		95 ROCKWELL PLACE
					CITY:			BROOKLYN
					STATE:			NY
					ZIP:			11217
</MAIL-ADDRESS>
</SUBJECT-COMPANY>
<REPORTING-OWNER>

					COMPANY DATA:	
						COMPANY CONFORMED NAME:			HERTZ BARRY
						CENTRAL INDEX KEY:			0001011936
						STANDARD INDUSTRIAL CLASSIFICATION:	 [
]<RELATIONSHIP>OFFICER
						IRS NUMBER:				065403481
</COMPANY-DATA>

						FILING VALUES:
							FORM TYPE:		4
</FILING-VALUES>

							BUSINESS ADDRESS:	
								STREET 1:		95 ROCKWELL PLACE
								STREET 2:		C/O TRACK DATA CORP
								CITY:			BROOKLYN
								STATE:			NY
								ZIP:			11217
								BUSINESS PHONE:		7185220222
</BUSINESS-ADDRESS>

								MAIL ADDRESS:	
									STREET 1:		95 ROCKWELL PL
									STREET 2:		C/O TRACK DATA CORP
									CITY:			BROOKLYN
									STATE:			NY
									ZIP:			11217
</MAIL-ADDRESS>
</REPORTING-OWNER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>0001.txt
<TEXT>

<TABLE>

<CAPTION>

                                              UNITED STATES SECURITIES AND EXCHANGE COMMISSION
FORM 4                                                    Washington, D. C. 20549

                                              STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
                      Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the
                   Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
(   ) Check here if no longer subject to Section 16.  Form 4 or Form 5 obligations may continue.  See Instruction 1(b).
- ------------------------------------------------------------------------------------------------------------------------------------
|                                                     |                                       |                                    |
|1 Name and Address of Reporting Person *             |2 Issuer Name and Ticker/Trading Symbol|6 Relationship of Reporting         |
|                                                     |                                       | Person(s) to Issuer                |
|  Hertz     Barry                                    |Innodata Corporation INOD              |       (Check All Applicable)       |
|                                                     |---------------------------------------| ( X ) Director      (   ) 10% Owner|
| (Last)               (First)                (Middle)|3 IRS or Social  |4 Statement for      | ( X ) Officer       (   ) Other    |
|                                                     | Security Number | Month/Year          | (Give Title below)  (Specify below)|
|  95 Rockwell Place                                  | of Reporting    |                     |                                    |
|                    (Street 1)                       | Person          |          Oct. 2000  | Chairman                           |
|                                                     |   (Voluntary)   |---------------------|------------------------------------|
|                                                     |                 |5 If Amendment,      |7 Individual or Joint/Group Filing  |
|                    (Street 2)                       |                 | Date of Original    |       (Check Applicable)           |
|                                                     |                 |     (Month/Year)    | Form filed by:                     |
|  Brooklyn     NY  11217                             |                 |                     |  (X) One Reporting Person          |
| (City)                              (State)   (Zip) |                 |                     |  ( ) More Than One Reporting Person|
- ------------------------------------------------------------------------------------------------------------------------------------

                          Table I  -  Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
<S>                               <C>       <C>    <C> <C>         <C> <C>      <C>            <C>         <C>
- ------------------------------------------------------------------------------------------------------------------------------------
|1 Title of Security             |2 Trans- |3 Trans-  |4 Securities Acquired   |5 Amount of   |6 Ownership|7 Nature of Indirect    |
|  (Instruction 3)               | action  | action   | (A) or Disposed of (D) | Securities   | Form:     | Beneficial Ownership   |
|                                | Date    | Code     | (Instructions 3, 4, 5) | Beneficially | Direct(D) |    (Instruction 4)     |
|                                | (Month/ | (Instr 8)|------------------------| Owned at     |    or     |                        |
|                                |  Day)   |----------|  Amount   |(A)| Price  | End of Month |Indirect(I)|                        |
|                                |  Year)  | Code | V |           |(D)|        |(Instrs 3, 4) | (Instr 4) |                        |
|--------------------------------|---------|------|---|-----------|---|--------|--------------|-----------|------------------------|
|  Common Stock                  |         |      |   |           |   |        |       594,241|     I     |Owned through Track Data|
|                                |         |      |   |           |   |        |              |           | Corp. of which Mr. Hert|
|                                |         |      |   |           |   |        |              |           |z is the principal stock|
|                                |         |      |   |           |   |        |              |           |holder.                 |
- ------------------------------------------------------------------------------------------------------------------------------------
|   Common Stock                 | 10/6-   |  S   |   |      3,000|  D|9.50 -  |        12,400|     D     |                        |
|                                |   12/00 |      |   |           |   |   9.75 |              |           |                        |
|                                |         |      |   |           |   |        |              |           |                        |
|                                |         |      |   |           |   |        |              |           |                        |
- ------------------------------------------------------------------------------------------------------------------------------------

Reminder:  Report on a separate line for each class of securities beneficially owned directly or indirectly.
*  If the form is filed by more than one reporting person, see Instruction 4(b)(v).                                  SEC 1474 (7-96)
</TABLE>

<TABLE>

<CAPTION>

                                                             FORM 4 (Continued)
- ------------------------------------------------------------------------------------------------------------------------------------

                            Table II  -  Derivative Securities Acquired, Disposed of, or Beneficially Owned
                                        (Puts, Calls, Warrants, Options, Convertible Securities)
<S>           <C>      <C>      <C>  <C> <C>      <C>      <C>      <C>      <C>       <C>      <C>      <C>      <C>     <C>
- ------------------------------------------------------------------------------------------------------------------------------------
|            |        |        |        |                 |                 |                  |        |        |       |         |
|1 Title of  |2 Con-  |3 Trans-|4 Trans-|5 Number of      |6 Date           |7 Title and Amount|8 Price |9 Number|10 Own-|11 Nature|
| Derivative | ver-   | action | action | Derivative      | Exercisable and | of Underlying    | of     |of Deri-|ership:| of      |
| Security   | sion   | Date   | Code   | Securities      | Expiration Date | Securities       | Deri-  |vative  |Direct |Indirect |
| (Instr 3)  | or     | (Month/| (Instr | Acquired (A) or | (Month/Day/Year)|(Instructions 3,4)| vative |Secur-  |(D) or |Ownership|
|            | Exer-  | Day/   |   8)   | Disposed of (D) |-----------------|------------------| Sec-   |ties    |Indi-  |(Instr 4)|
|            | cise   | Year)  |        |(Instrs 3, 4, 5) | Date   | Expir- |         |Amount  | urity  |Owned at|rect(I)|         |
|            | Price  |        |--------|-----------------| Exer-  | ation  |  Title  |or Num- |(Instr  |End of  |(Instr |         |
|            |        |        |Code| V |  (A)   |  (D)   | cisable| Date   |         |ber of  |   5)   |Month   |   4)  |         |
|            |        |        |    |   |        |        |        |        |         |Shares  |        |(Instr4)|       |         |
|------------|--------|--------|----|---|--------|--------|--------|--------|---------|--------|--------|--------|-------|---------|
|Common Stock|        |        |    |   |        |        |        |        |         |        |        | 220,499|   D   |         |
- ------------------------------------------------------------------------------------------------------------------------------------

Explanation of Responses:



                                                                              Barry Hertz                                 11/10/00
                                                                            _____________________________________        ___________
                                                                              **  Signature of Reporting Person             Date

**  Intentional misstatement or ommissions of facts constitute Federal Criminal Violations.
    See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:  Transmit one copy of this Form to EDGAR, using a typed signature.
       If space is insufficient, see Intruction 6 for procedure.                                                    SEC 1474 (7-96)
</TABLE>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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