SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549







                                    FORM 8-K

                                 CURRENT REPORT
                         PURSUANT TO SECTION 13 OR 15(d)
                     of the Securities Exchange Act of 1934


        Date of report (Date of earliest event reported): March 27, 2001




                               INSMED INCORPORATED
             (Exact name of registrant as specified in its charter)





             VIRGINIA                     0-30739               54-1972729
- --------------------------------------------------------------------------------
(State or other jurisdiction of   (Commission File Number)    (I.R.S. Employer
          incorporation)                                     Identification No.)









                    800 East Leigh Street, Richmond, VA 23219
              (Address of principal executive offices and zip code)




       Registrant's telephone number, including area code: (804) 828-6893



ITEM 7.      FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

(c)          Exhibit.

                  99.1     Presentation of March 27, 2001.


ITEM 9.      REGULATION FD DISCLOSURE.

             On March 27,  2001,  Insmed  Incorporated  (the  "Company")  made a
             presentation  at the Banc of America  Healthcare  2001  Conference.
             During the presentation, Dr. Geoffrey Allan, Chairman of the Board,
             President  and Chief  Executive  Officer of the Company,  indicated
             that the slides relating to his prepared remarks would be furnished
             for review on the Securities and Exchange Commission's website. The
             presentation,   which  is  incorporated  herein  by  reference,  is
             attached  hereto as Exhibit 99.1.  Investors may access an archived
             audio webcast of the original  presentation  for 14 days  following
             the conference at the following URL address:

             www.veracast.com/bas_healthcare2001/webcasts/id03105264.cfm

             The information in this report (including the exhibit) is furnished
             pursuant  to Item 9 and shall not be deemed to be  "filed"  for the
             purposes of Section 18 of the  Securities  Exchange Act of 1934, as
             amended,  or otherwise  subject to the liabilities of that Section.
             This report will not be deemed an admission  as to the  materiality
             of any  information  in the report that is required to be disclosed
             solely by Regulation FD.



                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                            INSMED INCORPORATED



Date: March 28, 2001                        By:    /s/ Michael D. Baer
                                                   -----------------------------
                                                   Michael D. Baer
                                                   Chief Financial Officer







                               INSMED INCORPORATED
                                INDEX TO EXHIBITS


Exhibit Number

99.1     Presentation of March 27, 2001.