SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13G
                                (AMENDMENT NO. 2)

                    UNDER THE SECURITIES EXCHANGE ACT 1934/1/


                             SEL-LEB MARKETING, INC.
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                                (Name of Issuer)

                          COMMON STOCK, $.01 PAR VALUE
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                         (Title of Class of Securities)

                                   816082 30 9
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                                 (CUSIP Number)

                                DECEMBER 31, 2002
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              Date of Event Which Requires Filing of this Statement


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

     | | Rule 13d-1(b)

     |X| Rule 13d-1(c)

     | | Rule 13d-(d)

----------

/1/  The remainder of this cover page shall be filled out for a reporting
     person's initial filing on this form with respect to the subject class of
     securities, and for any subsequent amendment containing information which
     would alter the disclosures provided in a prior cover page.

     The information required in the remainder of this cover page shall not be
     deemed to be "filed" for the purpose of Section 18 of the Securities
     Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
     that section of the Act but shall be subject to all other provisions of the
     Act.





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    1    NAMES OF REPORTING PERSONS
         I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

              Alan Gelband
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    2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               (a) | |
                                                                         (b) |X|
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    3    SEC USE ONLY

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    4    CITIZENSHIP OR PLACE OF ORGANIZATION

              U.S.A.
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      NUMBER OF           5    SOLE VOTING POWER
       SHARES
    BENEFICIALLY                    N/A
      OWNED BY
        EACH
      REPORTING
     PERSON WITH
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                          6    SHARED VOTING POWER

                                    N/A
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                          7    SOLE DISPOSITIVE POWER

                                    N/A
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                          8    SHARED DISPOSITIVE POWER

                                    N/A
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    9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

              N/A
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   10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES
         CERTAIN SHARES*                                                     | |
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   11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

              LESS THAN 5%
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   12    TYPE OF REPORTING PERSON*

              IN
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                      *SEE INSTRUCTIONS BEFORE FILLING OUT


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                                  SCHEDULE 13G
                                  ------------

     Pursuant to Rule 13d-2 under the Securities Exchange Act of 1934 (the
"Exchange Act"), this Amendment No. 2 amends that certain Schedule 13G, filed
for an event of June 15, 2001, as amended by Amendment No. 1 thereto, by Alan
Gelband with respect to the common stock, par value $.01 per share ("Common
Stock"), of Sel-Leb Marketing, Inc., a New York corporation ("Sel-Leb"),
collectively referred to herein as the "Schedule." Unless otherwise indicated
herein, capitalized terms used herein have the meanings ascribed to them in the
Schedule. Except as otherwise expressly indicated below, the information
contained in the Schedule, as amended to date, remains in effect.

ITEM 2(A).  NAME OF PERSONS FILING:
            ----------------------

            Alan Gelband ("Gelband")

ITEM 2(B).  ADDRESS OF PRINCIPAL BUSINESS OFFICE:
            ------------------------------------

            750 Third Avenue
            17th Floor
            New York, NewYork  10022

ITEM 2(C).  CITIZENSHIP:
            -----------

            U.S.A.

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 10.    CERTIFICATION.
            -------------

            By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above 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 held in connection
with or as a participant in any transaction having that purpose 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: February 6,  2003

                                               /s/ Alan Gelband
                                          ---------------------------
                                                 Alan Gelband


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