UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                  STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[x]  Check box if no longer  subject to Section 16. Form 4 or Form 5 obligations
     may continue. See Instruction 1(b)

                                     FORM 4

       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 Address of Reporting Person

       Westgate International, L.P.
       c/o HSBC (Cayman) Limited
       P.O. Box 1109, Mary Street
       Grand Cayman, Cayman Islands, BWI

2.     Issuer Name and Ticker Trading Symbol

       Avatex Corporation (AAV)

3.     IRS or Social Security Number of Reporting Person (Voluntary)

4.     Statement for (Month/Day/Year)

       12/99

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

6.     Relationship of Reporting Person to Issuer (Check all applicable)

       [ ] Director* [ ] Officer (give title below) [ ] Chairman [x] 10% Owner
       [ ] Other (specify below)

7.     Individual or Joint/Group Filing (Check applicable line)

       [x] Form  filed by one  Reporting  Person [ ] Form filed by more than one
       Reporting Person

                                  (Page 1 of 4)





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


1.     Title of Security (Instr. 3)

             (a) Common Stock
             (b) $4.20 Cumulative Exchangeable Series A Preferred Stock

2.     Transaction Date (Month/Day/Year)

             (a) 12/7/99*
             (b) 12/7/99

3.     Transaction Code (Inst. 8)

             (a) S
             (b) J#

       V

4.     Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)

       Amount:

             (a) 416,300
             (b) 661,797

       (A) or (D):

             (a) D
             (b) D

       Price:

             (a) $2.00
             (b) #

5.     Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)

             (a) None
             (b) None

6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)

             (a) D
             (b) D

7.     Nature of Indirect Beneficial Ownership (Instr. 4)

             Not applicable.

     Reminder:   Report  on  a  separate  line  for  each  class  of  securities
     beneficially owned directly or indirectly.

                                  (Page 2 of 4)





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)

       Warrants#

2.     Conversion or Exercisable Price of Derivative Security

       $2.25

3.     Transaction Date (Month/Day/Year)

       12/7/99

4.     Transaction Code (Instr. 8)

       Code

             J#

       V

5.   Number of Derivative  Securities Acquired (A) or Disposed of (D) (Instr. 3,
     4 and 5)

       (A)   354,505
       (D)

6.     Date Exercisable and Expiration Date (Month/Day/Year)

       Date Exercisable:   3/7/00
       Expiration Date:    3/7/05

7.     Title and Amount of Underlying Securities (Instr. 3 and 4)

       Title:                                  Common Stock
       Amount or Number of Shares:     354,505

8.     Price of Derivative Security (Inst. 5)

       #

                                  (Page 3 of 4)





9.   Number of Derivative Securities  Beneficially Owned at End of Month (Instr.
     4)

       354,505

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

       D

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

       Not applicable.

Explanation of Responses:

       * The Reporting Person's present and former representatives each resigned
as a Director of the Issuer prior to the  consummation of the Merger (as defined
below) and each of the other transactions reported on this Form 4.

       # The  transactions  reported  in  Table I entry  (b) and  Table II above
represent  consideration received by Westgate  International,  L.P. ("Westgate")
pursuant  to the  merger of Xetava  Corporation  into  Avatex  Corporation  (the
"Merger") which was consummated on December 7, 1999.

       In exchange for each share of its $4.20 Cumulative  Exchangeable Series A
Preferred Stock,  Westgate  received pursuant to the Merger (i) $2.9705 in cash,
(ii) $6.623  principal  amount of 6.75% notes due 2002 of Avatex Funding,  Inc.,
(iii) warrants to purchase 0.53567 shares of "new" Avatex common stock, and (iv)
a deferred contingent cash right equal to its pro rata share of 84% of an amount
equal to the lesser of $7.5 million or 20% of any net  recovery  that Avatex may
receive in certain litigation against McKesson HBOC, Inc. et al.

     **Intentional   misstatement  or  omissions  of  facts  constitute  Federal
Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

      WESTGATE INTERNATIONAL, L.P.
      By:  Martley International, Inc., as Attorney-in-Fact


      /s/ Paul E. Singer                                 January 12, 2000
      -----------------------------------------------------------------------
      Paul E. Singer, President

           **Signature of Reporting Person                             Date

                                  (Page 4 of 4)