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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G Under
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under The Securities Exchange Act of 1934
(Amendment No. 2)
Crystal Oil Co. (la)
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(Name Of Issuer)
Common Par .01. New
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(Title of Class of Securities)
229385702
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(Cusip Number)
(Continued on the following page(s))
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CUSIP NO. 229385702 13G Page 2 of 6 Pages
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Crystal Oil Co. (La)
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Chase Manhattan Corporation - CMC
The Texas Commerce Bank - TCB
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A)
(B)
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
The Chase Manhattan Corporation - Delaware
The Texas Commerce Bank - Houston
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NUMBER 5 SOLE VOTING POWER
OF CMC - 0
SHARES TCB - 0
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY CMC - 323,860
TCB - 323,860
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING CMC - 0
PERSON TCB - 0
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WITH 8 SHARED DISPOSITIVE POWER
CMC - 323,860
TCB - 323,860
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
CMC - 323,860
TCB - 323,860
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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
CMC - 10.831%
TCB - 10.831%
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12 TYPE OF REPORTING PERSON *
CMC - HC
TCB - BK
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*SEE INSTRUCTION BEFORE FILLING OUT!
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Item 1(a). Name of Issuer: Crystal Oil Co. (La)
Item 1(b). Address of Issuer's: 229 Milan Street, P.O. Box 21101
Principal Executive Offices Shreveport, La 71120
Principal Executive Officer: J.N. Averett, Jr. Pres.
Item 2(a). Name of Person Filing: This notice is filed by The Chase
Manhattan Corporation (CMC) and its
wholly owned subsidiary, The Texas
Commerce Bank ( TCB )
Item 2(b). Address of Principal Business CMC: 270 Park Avenue
Office: New York, NY 10017
TCB : 270 Park Avenue
New York, NY 10017
Item 2(c). Citizenship: CMC - Delaware
TCB - Texas
Item 2(d). Title of Class of Securities: Common Par $.01 New
Item 2(e). CUSIP Number: 229385702
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CRYSTAL OIL CO. (LA)
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: CMC - 323,860
As of December 31, 1996 TCB - 323,860
(b) Percent of Class: CMC - 10.831%
TCB - 10.831%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
CMC - None
TCB - None
(ii) Shared power to vote or to direct the vote:
CMC - 323,860
TCB - 323,860
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CRYSTAL OIL CO. (LA)
(iii) Sole power to dispose or to direct the disposition of:
CMC - None
TCB - None
(iv) Shared power to dispose or to direct the disposition of:
CMC - 323,860
TCB - 323,860
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
CMC 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.
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CRYSTAL OIL CO. (LA)
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 12, 1997
The Texas Commerce Bank THE CHASE MANHATTAN CORPORATION
/S/ Allan Nemethy /S/ Anthony J. Horan
Allan Nemethy Anthony J. Horan
Trust Officer of Corporate Secretary
The Chase Manhattan Bank
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