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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001005477-98-002119.txt : 19980630
<SEC-HEADER>0001005477-98-002119.hdr.sgml : 19980630
ACCESSION NUMBER:		0001005477-98-002119
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19980605
ITEM INFORMATION:		
FILED AS OF DATE:		19980629
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:		8-K
		SEC ACT:		
		SEC FILE NUMBER:	001-14053
		FILM NUMBER:		98657192

	BUSINESS ADDRESS:	
		STREET 1:		220 S ORANGE AVE
		STREET 2:		LIVINGSTON CORPORATE PARK
		CITY:			LIVINGSTON
		STATE:			NJ
		ZIP:			07039
		BUSINESS PHONE:		2013793171

	MAIL ADDRESS:	
		STREET 1:		44 KEAN ROAD
		STREET 2:		220 SOUTH ORANGE AVE
		CITY:			LIVINGSTON
		STATE:			NJ
		ZIP:			07039

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	U S OPPORTUNITY SEARCH INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<DESCRIPTION>FORM 8-K
<TEXT>


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   ----------

                         -------------------------------

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported)        June 5, 1998
                                                        ------------

                            Milestone Scientific Inc.
 ------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in the Charter)


          Delaware                   0-26284                133545623
- --------------------------------------------------------------------------------
(State or Other Jurisdiction       (Commission             (IRS Employer
      of Incorporation)            File Number)          Identification No.)


220 South Orange Avenue, Livingston Corporate Park, Livingston, New Jersey 07039
- --------------------------------------------------------------------------------
(Address of Principal Executive Offices)                              (Zip Code)


Registrant's telephone number, including area code   (973) 535-2717
                                                   -------------------


                                       n/a
- --------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)


                                       1
<PAGE>

Item 5: Other Events.

      Pursuant to its stock purchase program covering the purchase of up to
500,000 shares of Common Stock (publicly announced on June 5, 1998) the Company
purchased 100,000 shares of Common Stock between June 5, 1998 and June 12, 1998
at an aggregate purchase price, including commissions and fees, of $ 911,515.50.


                                    SIGNATURE

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                  MILESTONE SCIENTIFIC INC.


Date: June 29, 1998               By: /s/ Leonard Osser, Chief Executive Officer
                                      ------------------------------------------


                                       2

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