FORM 5 
         U.S. SECURITIES AND EXCHANGE COMMISSION     _____________________ 
                 WASHINGTON, D.C.  20549            |    OMB APPROVAL     | 
                  ANNUAL STATEMENT OF               |_____________________| 
            CHANGES IN BENEFICIAL OWNERSHIP         |OMB NUMBER: 3235-0362| 
                                                    |EXPIRES:             |  
                                                    | SEPTEMBER 30, 1998  | 
         Filed pursuant to Section 16(a) of the     |ESTIMATED AVERAGE    | 
           Securities Exchange Act of 1934,         |BURDEN HOURS         | 
          Section 17(a) of the Public Utility       |PER RESPONSE......1.0| 
             Holding Company Act of 1935            |_____________________| 
         or Section 30(f) of the Investment 
                Company Act of 1940 
 ___________________________________________________________________________
 1. Name and Address of Reporting Person 
  
      Olsson                        Jan
    ________________________________________________________________________
        (Last)                      (First)                    (Middle) 
  
      Klarasbergsviaducten 70, Box 70381
    ________________________________________________________________________
                                   (Street) 
  
      Stockholm                     Sweden                   SE 107 24
    ________________________________________________________________________
        (City)                      (State)                      (Zip) 
 ___________________________________________________________________________
 2. Issuer Name and Ticker or Trading Symbol 

    Autoliv, Inc. (ALV) 
 ___________________________________________________________________________
 3. IRS or Social Security Number of Reporting Person, if an entity
    (Voluntary) 
     
 ___________________________________________________________________________
 4. Statement of Month/Year 

    1/99 
 ___________________________________________________________________________
 5. If amendment, Date of Original (Month/Year) 
     
 ___________________________________________________________________________
 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) 
    ___ Director                               ___ 10% Owner 
    ___ Officer (give title below)              X  Other (specify below) 
                                               ---
      Member of Executive Committee of Autoliv, Inc. 
      Vice President, Engineering 
       
 ___________________________________________________________________________
 7. Individual or Joint/Group Reporting (check applicable line) 
    ___Form Filed by One Reporting Person 
    ___Form Filed by More than one Reporting Person 
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 Table I - Non-Derivative Securities Acquired, Disposed of, or 
           Beneficially Owned 
 ___________________________________________________________________________
 1. Title of Security (Instr. 3) 
       
 ___________________________________________________________________________
 2. Transaction Date (Month/Day/Year) 
       
 ___________________________________________________________________________
 3. Transaction Code (Instr. 8) 
       
 ___________________________________________________________________________
 4.  Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 
  
          ----------              ---------------               ----------
          Amount                     (A) or (D)                    Price 
 ___________________________________________________________________________
 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year 
    (Instr. 3 and 4) 
       
 ___________________________________________________________________________
 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 
       
 ___________________________________________________________________________
 7. Nature of Indirect Beneficial Ownership (Instr. 4) 
  
 ___________________________________________________________________________


  
 [TYPE ENTRIES HERE] 
  
  
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 TABLE II - Derivative Securities, Acquired, Disposed of, or Beneficially  
            Owned (e.g., puts, calls, warrants, options, convertible 
            securities) 
 ___________________________________________________________________________
 1. Title of Derivative Security (Instr. 3) 

      Options 
 ___________________________________________________________________________
 2. Conversion of Exercise Price of Derivative Security 

      $35.99 
 ___________________________________________________________________________
 3. Transaction Date (Month/Day/Year) 

      Dec. 7, 1998 
 ___________________________________________________________________________
 4. Transaction Code (Instr. 8) 

      A 
 ___________________________________________________________________________
 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 
    3, 4 and 5) 
  
                3,075                                                   
           ----------------                        ---------------
                (A)                                        (D) 
 ___________________________________________________________________________
 6. Date Exercisable and Expiration Date (Month/Day/Year) 
  
                12/7/99                                 12/7/08         
            ----------------                        ---------------
            Date Exercisable                        Expiration Date 
 ___________________________________________________________________________
 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 
  
      Common Stock, par value $1 per share              3,075           
      ------------------------------------    --------------------------
                Title                         Amount or Number of Shares 
 ___________________________________________________________________________
 8. Price of Derivative Security (Instr. 4) 

       $0* 
 ___________________________________________________________________________
 9. Number of Derivative Securities Beneficially Owned at End of Year 
    (Instr. 4) 

      3.075 
 ___________________________________________________________________________
 10. Ownership of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 

      D 
 ___________________________________________________________________________
 11. Nature of Indirect Beneficial Ownership (Instr. 4) 
  
 ___________________________________________________________________________

  
  
 [TYPE ENTRIES HERE] 
  
  
  
  
  
 ___________________________________________________________________________
  
    EXPLANATION OF RESPONSES: 

 * Granted pursuant to Autoliv, Inc. 1997 Stock Incentive Plan 
  
  
      /s/ Jan Olsson                                     2/5/99     
    ----------------------------------              ---------------
    **  SIGNATURE OF REPORTING PERSON                     DATE 
  
  
  
 _____________________________ 
  
 **  Intentional misstatements or omissions of facts constitutE Federal 
     Criminal Violations. 
     See 18 U.S.C. 1001 and 15 U.S.C. 78FF(A). 
  
   NOTE:  File three copies of this Form, one of which must be manually
   signed.  If space provided is insufficient, see Instruction 6 for
   procedure.
  
   Potential persons who are to respond to the collection of information  
   contained in this form are nor required to respond unless the form  
   displays a currently valid OMB number. 
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