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)
____________________________________________________________
(Name Of Issuer)
Common Par .01. New
______________________________________________________________
(Title of Class of Securities)
229385702
______________________________
(Cusip Number)
(Continued on the following page(s))
Page 1 of 6 Pages
CUSIP No. 229385702 13G
Page 2 of 6 Pages
Crystal Oil Co. (La)
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
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A)
(B)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
The Chase Manhattan Corporation - Delaware
The Texas Commerce Bank - Houston
NUMBER 5 SOLE VOTING POWER
OF CMC - 0
SHARES TCB - 0
BENEFICIA 6 SHARED VOTING POWER
LLY CMC - 161.878
OWNED BY TCB - 161.878
EACH 7 SOLE DISPOSITIVE POWER
REPORTING CMC - 0
PERSON TCB - 0
WITH 8 SHARED DISPOSITIVE POWER
CMC - 161.878
TCB - 161.878
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
CMC - 161.878
TCB - 161.878
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES *
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
CMC - 0.00 %
TCB - 0.00 %
12 TYPE OF PERSON REPORTING*
CMC - HC
TCB - BK
* SEE INSTRUCTION BEFORE FILLING OUT!
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
Office: CMC: 270 Park Avenue
New York, NY 10017
TCB : Houston, Tx
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
Page 3 of 6
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 -
161.878
As of December 31, 1996 TCB -
161.878
(b) Percent of Class:
CMC -0 %
TCB -
0 %
(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 - 161.878
TCB - 161.878
Page 4 of 6
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 - 161.878
TCB - 161.878
Item 5. Ownership of Five Percent or Less of a Class:
This document has been filed in error since the original
December 31, 1994 filing. The Bank held less than 1% during
the December 31, 1994, the December 31, 1995 and December
31, 1996 filings. The holdings consisted of 230,103
warrants and 20,835 Senior Preferred Convertible stock
Item 6. Ownership of More than Five Percent on Behalf of
Another Person:
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.
Page 5 of 6
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: March 13, 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
Page 6 of 6
