SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Wilner Eli (Last) (First) (Middle) 1525 YORK AVENUE (Street) NEW YORK NY 10028 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 05/02/2005	3. Issuer Name and Ticker or Trading Symbol ADVANCED VIRAL RESEARCH CORP [ ADVR ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner X Officer (give title below) Other (specify below) Secretary	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,250,000	D
Common Stock	200,000	I	Shares held in name of Eli Wilner Irrevocable Trust
Common Stock	65,100	I	Shares held in name of Eli Wilner IRA
Common Stock	362,500	I	Shares held by Barbara Brennan, spouse

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	01/11/2005(1)	01/10/2015	Common Stock	2,700,000	$0.135	D
Stock Option	02/10/2004(2)	02/09/2009(2)	Common Stock	5,000,000	$0.15	D
Stock Option	12/20/2003(3)	12/19/2013	Common Stock	4,450,000	$0.18	D
Stock Option	08/27/2003	08/26/2013	Common Stock	10,000,000	$0.052	D
Stock Option	08/27/2003	08/26/2013	Common Stock	5,000,000	$0.063	D
Stock Option	12/21/2002(4)	12/20/2010	Common Stock	2,750,000	$0.075	D
Warrant	11/08/2000	11/08/2005	Common Stock	375,000	$0.48	D
Warrant	11/08/2000	11/08/2005	Common Stock	375,000	$0.56	D
Warrant	11/08/2000	11/08/2005	Common Stock	108,750	$0.48	I	Held by Barbara Brennan, spouse
Warrant	11/08/2000	11/08/2005	Common Stock	108,750	$0.56	I	Held by Barbara Brennan, spouse
Stock Option	05/06/2002	05/05/2010	Common Stock	1,400,000	$0.12	D

Explanation of Responses:

1. 1/4th of the option shares are exercisable every 90 days commencing on January 11, 2005 through the expiration date.

2. 1/60th of the option shares are exercisable every 30 days commencing on February 10, 2004 (each date, an "Exercise Date") for a period of five years from the applicable Exercise Date.

3. 1/4th of the option shares are exercisable every 90 days commencing on December 20, 2003 through the expiration date.

4. 1/4th of the option shares are exercisable every 90 days commencing on December 21, 2002 through the expiration date.

Remarks:

	/s/ Eli Wilner	05/02/2005
	** Signature of Reporting Person	Date
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 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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