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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549



                                  SCHEDULE 13G
                                 (RULE 13d-102)


INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES
13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(b)

                                (AMENDMENT NO. 1)


                           ADM Tronic Unlimited, Inc.
- -------------------------------------------------------------------------------
                                (Name of Issuer)



                                  Common Stock
- -------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                    001004100
 ------------------------------------------------------------------------------
                                 (CUSIP Number)

                                October 26, 1998
 ------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

    [ X ]  Rule 13d-1(b)
    [   ]  Rule 13d-1(c)
    [   ]  Rule 13d-1(d)
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CUSIP NO. 001004100                 13G           

  (1)     NAMES OF REPORTING PERSONS
          I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

          (a)   The American Heritage Fund, Inc.

          ---------------------------------------------------------------------
  (2)     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a)   [   ]
                                                                    (b)   [   ]
          ---------------------------------------------------------------------
  (3)     SEC USE ONLY

          ---------------------------------------------------------------------
  (4)     CITIZENSHIP OR PLACE OF ORGANIZATION

          (a) New York


       NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

      (5)   SOLE VOTING POWER
            2,000,000
      -------------------------------------------------------------------------

      (6)   SHARED VOTING POWER
            0
      -------------------------------------------------------------------------

      (7)   SOLE DISPOSITIVE POWER
            2,000,000
      -------------------------------------------------------------------------

      (8)   SHARED DISPOSITIVE POWER

            0
      -------------------------------------------------------------------------
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  (9)     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
          PERSON

            2,000,000 shares;
    ---------------------------------------------------------------------------

  (10)    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
          SHARES*

                                                                  [   ]
    ---------------------------------------------------------------------------

  (11)    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

            4.2%
    ---------------------------------------------------------------------------

  (12)   TYPE OF REPORTING PERSON*

            IV
        -----------------------------------------------------------------------
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Item 1(a).  NAME OF ISSUER:

            ADM Tronics Unlimited, Inc.

ITEM 1(b)   ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

            224-S  Pegasus Avenue, Northvale, NJ  07647

ITEM 2(a).  NAME OF PERSON FILING:

            The American Heritage Fund, Inc.


ITEM 2(b).  ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

            1370 Avenue of the Americas, New York, New York 10019

ITEM 2(c).  CITIZENSHIP:

            New York

ITEM 2(d).  TITLE OF CLASS OF SECURITIES:

            Common Stock


ITEM 2(e).  CUSIP NUMBER:

            001004100

ITEM 3.     IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(b) OR 13D-2(b),
            CHECK WHETHER THE PERSON FILING IS A:

            (a) [ ] Broker or Dealer registered under Section 15 of the Exchange
                    Act

            (b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act

            (c) [ ] Insurance Company as defined in Section 3(a)(19) of the
                    Exchange Act

            (d) [X] Investment Company registered under Section 8 of the
                    Investment Company Act

            (e) [ ] An Investment Adviser in accordance with Rule
                    13d-(b)(1)(iii);


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            (f)   [ ] An Employee Benefit Plan or endowment fund in accordance
                      with Rule 13d-1(b)(1)(ii)(F);

            (g)   [ ] Parent Holding Company or control person in accordance
                      with Rule 13d- 1(b)(1)(ii)(G);

            (h)   [ ] A savings association as defined in Section 3(b) of the
                      Federal Deposit Insurance Act;

            (i)   [ ] A church plan that is excluded from the definition of an
                      investment company under Section 3(c)(14) of the
                      Investment Company Act;

            (j)   [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).


            If this statement is filed pursuant to Rule 13d-1(c), check this
            box. [ ]

ITEM 4.     OWNERSHIP

            (a) Amount beneficially owned:
                  2,000,000 shares
            -------------------------------------------------------------------
            (b) Percent of class:
                  4.2%
            -------------------------------------------------------------------

            (c) Number of shares as to which such person has:

            (i) Sole power to vote or to direct the vote 2,000,000

            (ii) Shared power to vote or to direct the vote 0

            (iii) Sole power to dispose or to direct the disposition of:
                  2,000,000

            (iv)  Shared power to dispose or to direct the disposition of:    0

ITEM 5.     OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

            If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following [X].


ITEM 6.     OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

            Not applicable.

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ITEM 7.     IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
            THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.

            Not applicable.

ITEM 8.     IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

            Not applicable.

ITEM 9.     NOTICE OF DISSOLUTION OF GROUP

            Not applicable.

ITEM 10.    CERTIFICATION.

            By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer of such securities
and were not acquired and are not in connection with or as a participant in any
transaction having such purposes or effect.

                                   SIGNATURE

      After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.


                               Date: March 9, 1999

                        THE AMERICAN HERITAGE FUND, INC.


                           /s/ Heiko H. Thieme
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                               Signature


                       Chief Executive Officer
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                              Name/Title