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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950138-08-000449.txt : 20080617
<SEC-HEADER>0000950138-08-000449.hdr.sgml : 20080617
<ACCEPTANCE-DATETIME>20080617180616
ACCESSION NUMBER:		0000950138-08-000449
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080613
FILED AS OF DATE:		20080617
DATE AS OF CHANGE:		20080617

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMPAL-AMERICAN ISRAEL CORP
		CENTRAL INDEX KEY:			0000731859
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTORS, NEC [6799]
		IRS NUMBER:				130435685
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		555 MADISON AVENUE
		STREET 2:		20TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2125939842

	MAIL ADDRESS:	
		STREET 1:		555 MADISON AVENUE
		STREET 2:		20TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMPAL AMERICAN ISRAEL CORP /NY/
		DATE OF NAME CHANGE:	19920703

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Merhav (m.n.f.) LTD
		CENTRAL INDEX KEY:			0001377723
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-00538
		FILM NUMBER:		08904154

	BUSINESS ADDRESS:	
		STREET 1:		33 HAVAZELET HASHARON STREET
		CITY:			HERZLIYA
		STATE:			L3
		ZIP:			46106
		BUSINESS PHONE:		001 972 9 9501735

	MAIL ADDRESS:	
		STREET 1:		33 HAVAZELET HASHARON STREET
		CITY:			HERZLIYA
		STATE:			L3
		ZIP:			46106
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>june17_merhav-4ex.xml
<DESCRIPTION>\AMPAL\2008\JUNE 17 MERHAV-4\
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-06-13</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000731859</issuerCik>
        <issuerName>AMPAL-AMERICAN ISRAEL CORP</issuerName>
        <issuerTradingSymbol>AMPL</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001377723</rptOwnerCik>
            <rptOwnerName>Merhav (m.n.f.) LTD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>33 HAVAZELET HASHARON STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>HERZLIYA, ISRAEL</rptOwnerCity>
            <rptOwnerState>L3</rptOwnerState>
            <rptOwnerZipCode>46105</rptOwnerZipCode>
            <rptOwnerStateDescription>ISRAEL</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-06-13</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>300</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>4.36</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4476689</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
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                    <value>D</value>
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            <ownershipNature>
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                <value>Class A Stock</value>
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                <directOrIndirectOwnership>
                    <value>D</value>
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        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Stock</value>
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                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>910</value>
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                <transactionPricePerShare>
                    <value>4.42</value>
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                <transactionAcquiredDisposedCode>
                    <value>A</value>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4478565</value>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
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        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Stock</value>
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            <transactionDate>
                <value>2008-06-13</value>
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                <transactionFormType>4</transactionFormType>
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                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
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            <transactionAmounts>
                <transactionShares>
                    <value>1764</value>
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                <transactionPricePerShare>
                    <value>4.43</value>
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                <transactionAcquiredDisposedCode>
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            <postTransactionAmounts>
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                    <value>4480329</value>
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            <ownershipNature>
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                    <value>D</value>
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        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Stock</value>
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            <transactionDate>
                <value>2008-06-13</value>
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                <transactionFormType>4</transactionFormType>
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                <equitySwapInvolved>0</equitySwapInvolved>
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                <transactionPricePerShare>
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                <transactionAcquiredDisposedCode>
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                <sharesOwnedFollowingTransaction>
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                <transactionPricePerShare>
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                <transactionAcquiredDisposedCode>
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                <sharesOwnedFollowingTransaction>
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        <nonDerivativeTransaction>
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                <value>Class A Stock</value>
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                <value>2008-06-16</value>
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                <transactionFormType>4</transactionFormType>
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            <transactionAmounts>
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                <transactionPricePerShare>
                    <value>4.78</value>
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                <transactionAcquiredDisposedCode>
                    <value>A</value>
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                    <value>D</value>
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            <securityTitle>
                <value>Class A Stock</value>
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                <value>2008-06-16</value>
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                <transactionFormType>4</transactionFormType>
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                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1120</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>4.79</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
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                    <value>4495362</value>
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            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on
 June 13, 2008.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Merhav (m.n.f.) Limited By: Yosef A. Maiman, President &amp; CEO</signatureName>
        <signatureDate>2008-06-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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