SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under The Securities Exchange Act of 1934
(Amendment No.1 )
Crystal Oil Co, (La)
____________________________________________________________
(Name Of Issuer)
Common Par .01 New
____________________________________________________________
(Title of Class of Securites)
229385702
______________________________
(Cusip Number)
Check the following box if a fee is being paid with this
statement. (A fee is not required only if the filing person :
(1) has a previous statement on file reporting beneficial
ownership of more than 5% of the class of securities described
in Item 1; and (2) has filed no amendment subsequent thereto
reporting beneficial ownership of five percent or less of such
class.) (see rule13d-7.)
*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 (however,
see the Notes).
(Continued on the following page(s))
Page 1 of 6 Pages
SEC 1745 (9-82)
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CUSIP No. 229385701 13G Page 2 of 6 Pages
Crystal Oil Co.
1 NAME OF REPORTING PERSON
S.S. OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON.
Chemical Banking Corporation - CBC
Texas Commerce Bank - TCB
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A)
(B)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Chemical Banking Corporation - CBC
Texas Commerce Bank - TCB
NUMBER OF SHARES 5 SOLE VOTING POWER
CBC - 81,738
TCB - 81.738
BENEFICIALLY OWNED BY 6 SHARED VOTING POWER
CBC - 323,868
TCB - 323,868
EACH REPORTING PERSON 7 SOLE DISPOSITIVE POWER
CBC - None
TCB - None
WITH 8 SHARED DISPOSITIVE POWER
CBC - 323,868
TCB - 323,868
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
CBC - 405,606
TCB - 405,606
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
CBC - 13.281 %
TCB - 13.281 %
12 TYPE OF PERSON REPORTING*
CBC - HC
TCB - BK
* SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
Crystal Oil Co
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G Under
The Securities Exchange Act of 1934
(Amendment No 1 )
Item 1(a). Name of Issuer: Crystal Oil Co., (La)
Item 1(b).Address of Issuer: 229 Milan Street,
P.O.Box 21101
Shreveport, La 71120
Principal Executive Officer: J.N. Averett, Jr. Pres.
Item 2(a).
Name of Person Filing: This notice is filed by CHEMICAL BANKING
CORPORATION (CBC) and its wholly owned subsidiary, Texas Commerce Bank (TC).
Item 2(b).
Address of Principal Business CBC: 270 Park Avenue
Office: New York, NY 10017
TCB: P.O.Box 2558
Houston, Tx. 77252
Item 2(c).
Citizenship: CBC - Delaware
TCB - Texas
Item 2(d).
Title of Class of Securities: Common Par $.01 New
Item 2(e).
CUSIP Number: 229385702
Page 3 of 6
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Crystal Oil Co
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the Act.
(b) [ X ] Bank as defined in Section 3(a)(6) of the Act.
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act.
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act.
(e) [ ] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940.
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income Security
Act of 1974 or endowment Fund
[see Section 240.13d-1(b)(1)(ii)(F)].
(g) [ X ] Parent Holding Company, in accordance with
Section 240.13d-1(b)(ii)(G).
(h) [ ] Group, in accordance with Section 240.13d-1(ii)(H).
Item 4. Ownership:
(a) Amount Beneficially Owned: CBC - 405,606
TC - 405,606
(b) Percent of Class: CBC - 13.281 %
TC - 13.281 %
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
CBC - 81,738
TCB - 81,738
(ii) Shared power to vote or to direct the vote:
CBC - 323,868
TCB - 323,868
Page 4 of 6
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Crystal Oil Co
(iii) Sole power to dispose or to direct the disposition of:
None
(iv) Shared power to dispose or to direct the disposition
of:
CBC - 323,868
TCB - 323,868
Item 5. Ownership of Five Percent or Less of a Class:
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
The beneficial interest reported has been acquired through fiduciary
relationships. Beneficial ownership of portions of the shares reported is
shared with unaffiliated persons, none of whose beneficial ownership in the
subject shares exceeds five percent of the issuers outstanding shares.
Item 7. Identification and Classification of the Subsidiary Which Holds the
Security Being Reported on by the Parent Holding Company:
Pursuant to Rule 13(d) - 1 (c): This notice is filed on behalf
of both CBC and its subsidiary, TCB. In lieu of attaching an exhibit hereto,
the identity of TCB is as set forth on the cover page hereof. TCB is
classified as a Bank, as such term is defined in Section (3) (a) (6) of the
Securities Exchange Act of 1934, as amended,
Item 8. Identification and Classification of Members of this Group:
Not applicable.
Item 9. Notice of Dissolution of Group:
Not applicable.
Page 5 of 6
<PAGE>
Crystal Oil Co.
Item 10. Certification:
By signing below, I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course
of business and were not acquired for the purpose of and did not have the
effect of changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a participant
in any transaction having such 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.
Dated: February 7 1996
TEXAS COMMERCE BANK CHEMICAL BANKING CORPORATION
/s/Allan Nemethy /s/John B. Wynne
Allan Nemethy John B. Wynne
Trust Officer of Corporate Secretary
Chemical Bank
