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ECOGEN RECEIVES PROJECT GRANT

 ECOGEN RECEIVES PROJECT GRANT
 LANGHORNE, Pa., Dec. 6 /PRNewswire/ -- Ecogen Inc. (NASDAQ: EECN)


announced today that in association with FRM Agricultural Sciences Partnership (FASP) of Jerusalem, Israel, it has received approval for the funding of a $1.5 million project from the Israel-U.S. Binational Industrial Research and Development Foundation (BIRD). The foundation provides 50 percent support for projects of Israeli-U.S. ventures for the development and commercialization of innovative technological products or processes.
 The award will be used to fund -- over a two-year period -- Ecogen and FASP's joint development of a biological fungicide for the control of powdery mildew disease on agricultural crops. Worldwide, more than $640 million is spent annually for the control of powdery mildew, a pathogen that infects plant leaves and inhibits photosynthesis.
 In September, Ecogen announced that it had acquired First Mississippi Corporation, Inc. of Delaware, a subsidiary of First Mississippi Corporation (NYSE: FRM). First Mississippi of Delaware's primary asset is a 51 percent interest in FASP, an Israeli agricultural biotechnology firm which specializes in the development of novel biopesticide products.
 In addition to the product for the control of powdery mildew, FASP's development efforts focus on a yeast formulation which protects stored fruit from post harvest rot, and a bacterial pesticide for control of nematodes (microscopic round worms) that infect plant roots.
 John E. Davies, chairman and chief executive officer of Ecogen, stated, "This grant provides valuable funding which helps to further Ecogen's goal of becoming a fully integrated biopesticide company with a diversified product portfolio."
 Ecogen Inc. is an agricultural biotechnology company specializing in biological pest control. Ecogen has developed and is marketing a number of novel and proprietary biopesticides, including Cutlass(R) vegetable bioinsecticide, Foil(R) potato bioinsecticide, Condor(R) forestry and soybean bioinsecticide and Collego(R) rice bioherbicide. The company is also developing products for cotton, corn and home/garden use.
 (Cutlass, Condor, Foil and Collego are registered trademarks of Ecogen Inc.)
 -0- 12/6/91
 /CONTACT: John L. McIntyre, Ph.D., vice president of Ecogen, 215-757-1590, or Doug Jones of Strategic Growth International, 212-826-9622 (investors), or Anthony J. Russo, or Karin Eskenazi of Noonan/Russo Communications, 212-979-9180 (media), for Ecogen/
 (EECN) (FRM) CO: Ecogen Inc.; FRM Agricultural Sciences Partnership ST: Pennsylvania IN: CHM SU:


PS -- NY001 -- 9974 12/06/91 08:33 EST
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Date:Dec 6, 1991
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