SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549

                              FORM 4    
          STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

        Filed pursuant to Section 16(a) of the Securities Exchange
        Act of 1934, Section 17(a) of the Public Utility Holding 
        Company Act of 1935 or Section 30(f) of the Investment 
        Company Act of 1940

        1.  Name and Adress of Reporting Person:

            Harrosh, Joseph Louis
            40900 Grimmer Blvd.
            Fremont, CA  94538

        2.  Issuer Name and Ticker or Trading Symbol:

            Hexcel Corp           HXL

        3.  IRS or Social Security Number of Reporting Person:

            ###-##-####

        4.  Statement for Month/Year:
  
            AUGUST 1996

        5.  If Amendment, Date of Original (Month/Year):

            N/A

        6.  Relationship of Reporting Person to Issuer

                [ ]  Director           [ ]  10% Owner
                [ ]  Officer            [X]  Other

                                        Former Director

         Table 1 - Non-Derivative Securities Acquired, Disposed 
                   of or Beneficially Owned

 1.  Title of      |  2.Trans- | 3.Trans- | 4.Acquired (A)       | 5 | 6 | 7|
     Security      |    action |   action |   Disposed (D)       |   |   |  |
                   |    Date   |   Code   |                      |   |   |  |
                   |           |----------|----------------------|   |   |  |
                   |           | Code | V | Amount | (A) | Price |   |   |  |
                   |           |      |   |        | (D) |       |   |   |  |
- ------------------------------------------------------------------------------

Hexcel Corp           08/23/96    B        40,000     A   $4.75    0   D  N/A
                                           (By exercise of option)

Hexcel Corp           08/23/96    S        40,000     D   $16.8171 0   D  N/A


                            s/Joseph L. Harrosh


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