TSI Corp. said Monday that all of the 2 million outstandingshares of its convertible preferred stock have becomeconvertible into TSI common stock (NASDAQ:TSIN) on a share-for-share basis.

One million of the shares became convertible in December. Theremainder became convertible after the close of trading lastFriday, after the average daily price of the common stockexceeded $9.25 for 90 consecutive business days. The shareswere down 88 cents to $10 on Monday.

If all the shares are converted, the Worcester, Mass., company,which offers preclinical testing services and is developingtransgenic animal models, will have 20.4 million sharesoutstanding.

(c) 1997 American Health Consultants. All rights reserved.