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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000938492-97-000216.txt : 19970827
<SEC-HEADER>0000938492-97-000216.hdr.sgml : 19970827
ACCESSION NUMBER:		0000938492-97-000216
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19970826
SROS:			NASD

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MILESTONE SCIENTIFIC INC/NJ
		CENTRAL INDEX KEY:			0000855683
		STANDARD INDUSTRIAL CLASSIFICATION:	BLANK CHECKS [6770]
		IRS NUMBER:				133545623
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-26237
		FILM NUMBER:		97670036

	BUSINESS ADDRESS:	
		STREET 1:		44 KEAN ROAD
		CITY:			SHORT HILLS
		STATE:			NJ
		ZIP:			07078
		BUSINESS PHONE:		2013793171

	MAIL ADDRESS:	
		STREET 1:		44 KEAN ROAD
		CITY:			SHORT HILLS
		STATE:			NJ
		ZIP:			07078

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	U S OPPORTUNITY SEARCH INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<DESCRIPTION>PROSPECTUS SUPPLEMENT
<TEXT>


                                                                Rule 424(b)(3)

                            MILESTONE SCIENTIFIC INC.

                   PROSPECTUS SUPPLEMENT DATED AUGUST 26, 1997
                                       to
                         PROSPECTUS DATED AUGUST 5, 1997

     The  Prospectus is hereby  amended to provide that  broker/dealers  may not
receive  compensation  in excess of  customary  commissions  for selling  shares
covered by the  Prospectus by changing the last sentence in the first  paragraph
on the cover page of the  Prospectus  and the  fourth  sentence  under  "PLAN OF
DISTRIBUTION" on page 18 of the Prospectus to read:

          "Such  broker-dealers  may receive  compensation  which will not be in
          excess of customary commissions in the form of discounts,  concessions
          or commissions from the Selling  Stockholders and/or the purchasers of
          the Shares for whom such  broker/dealers  may act as agents or to whom
          they sell as principals, or both. See "Plan of Distribution."

     The  Prospectus  is further  amended to make  explicit  that the  Placement
Agent's Purchase Option may first be exercised on March 13, 1998 and to increase
the per Unit exercise price thereof from $4.72 to $5.75,  by changing the second
sentence  in  "RECENT  DEVELOPMENTS  -  Agency  Agreement"  on  page  11 of  the
Prospectus to read:

          "The Purchase  Option is  exercisable  at any time in whole or in part
          commencing March 13, 1998 until March 13, 2002, at a price per Unit of
          $5.75."

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