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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES AND EXCHANGE ACT OF 1934
(Amendment No. 16)
Chris-Craft Industries, Inc.
(Name of Issuer)
$1.40 Cumulative Convertible Preferred Stock, par value
$1.00 per share; Class B Common Stock, par value
$.50 per share; and Common Stock, par value $.50 per share
(Title of Class of Securities)
170520-30-8; 170520-50-6 and 170520-10-0
(CUSIP Number)
_____________________________
Check the following box if a fee is being paid with this
statement [ ].
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.
(Continued on following pages)
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CUSIP No. 170520-30-8, 13G Page 2 of 6 Pages
170520-50-6, and
170520-10-0,
1) Name of Reporting Person:
Chris-Craft Industries, Inc. Employees' Stock Purchase
Plan (the "Plan")
SS or IRS Identification No. of Above Person:
Inapplicable
2) Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) / /
(b) / /
3) SEC Use Only ........................................
4) Citizenship or Place of Organization: United States
of America
Number of 5) Sole Voting Power: 246 shares of $1.40
Shares Bene- Convertible Preferred Stock, 367,205
ficially Owned shares of Class B Common Stock and
by Each 867,740 shares of Common Stock
Reporting 6) Shared Voting Power: None
Person with 7) Sole Dispositive Power: None
8) Shared Dispositive Power: None
9) Aggregate Amount Beneficially Owned by Each Reporting
Person: 246 shares of $1.40 Convertible Preferred
Stock, 367,205 shares of Class B Common
Stock, and 867,740 shares of Common Stock
10) Check Box if the Aggregate Amount in Row 9 Excludes
Certain Shares (See Instructions) ....................
11) Percent of Class Represented by Amount in Row 9:
Less than 1.0% of $1.40 Convertible Preferred
Stock, 4.8% of Class B Common Stock, and 4.1% of
Common Stock
12) Type of Reporting Person (See Instructions):
EP
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Item 1(a). Name of Issuer:
Chris-Craft Industries, Inc. ("Chris-
Craft")
Item 1(b). Address of Issuer's Principal Executive
Offices:
767 Fifth Avenue
New York, New York 10153
Item 2(a). Name of Person Filing:
Chris-Craft Industries, Inc. Employees'
Stock Purchase Plan
Item 2(b). Address of Principal Business Office or, if
none,
Residence:
Chris-Craft Industries, Inc.
767 Fifth Avenue
New York, New York 10153
Item 2(c). Citizenship:
United States of America
Item 2(d). Title of Class of Securities:
I
Convertible Preferred Stock, $1.40 cumulative
dividend, $1.00 par value, each share held on
November 10, 1986 and either not subsequently
transferred or transferred to a "Permitted
Transferee" currently convertible into
20.06014 shares of Class B Common Stock and
10.03008 shares of Common Stock and each other
share of $1.40 Convertible Preferred Stock
currently convertible into 30.09022 shares of
Common Stock ("$1.40 Convertible Preferred
Stock")
II
Class B Common Stock, $.50 par value, each
share convertible into one share of Common
Stock ("Class B Common Stock")
III
Common Stock, $.50 par value ("Common Stock")
Item 2(e). CUSIP Number:
I ($1.40 Convertible Preferred Stock) --
170520-30-8
II (Class B Common Stock) -- 170520-50-6
III (Common Stock) -- 170520-10-0
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Item 3. If this statement is filed pursuant to Rules
13d-1(b), or 13d-2(b), check whether the
person is a: Inapplicable.
Item 4. Ownership.
<TABLE>
<CAPTION>
I II III
$1.40
Convert-
ible Class B
Preferred Common Common
Stock Stock(1) Stock(2)
<S> <C> <C> <C>
(a) Amount Beneficially
Owned (3): 246 367,205 867,740
(b) Percent of Class
(outstanding at
December 31, 1994)
(4): * 4.8% 4.1%
(c) Number of shares as
to which such person
has:
(i) sole power to
vote or to direct
the vote 246 367,205 867,740
(ii) shared power to
vote or to direct
the vote -- -- --
(iii) sole power to
dispose or to direct
the disposition of -- -- --
(iv) shared power to
dispose or to di-
rect the disposi-
tion of -- -- --
<FN>
___________________
*Less than 1%.
(1) Class B Common Stock amounts in this table include
4,934 shares of Class B Common Stock issuable upon
conversion of $1.40 Convertible Preferred Stock.
(2) Common Stock amounts in this table include 369,672
shares of Common Stock issuable upon conversion of (i)
$1.40 Convertible Preferred Stock and (ii) Class B
Common Stock, including Class B Common Stock issuable
upon conversion of $1.40 Convertible Preferred Stock.
(3) Includes only those shares held by the Trustee of the
Plan at December 31, 1994. The shares held in the Plan
are held for the benefit of the employees who are
members of the Plan. A committee appointed by the
Board of Directors of Chris-Craft is empowered to
direct voting of the shares held by the Trustee under
the Plan. Messrs. Herbert J. Siegel, James J. Rochlis,
and Lawrence R. Barnett are the members of said
committee.
(4) Class B Common Stock percentage computed on basis of
number of shares of Class B Common Stock outstanding at
December 31, 1994 plus those issuable upon conversion
of $1.40 Convertible Preferred Stock shown in Column I.
Common Stock percentage computed on basis of number of
shares of Common Stock outstanding at December 31, 1994
plus those issuable upon conversion of (i) $1.40
Convertible Preferred Stock shown in Column I and
(ii) Class B Common Stock shown in Column II.
</TABLE>
Item 5. Ownership of Five Percent or Less of a Class: [x]
Item 6. Ownership of More than Five Percent on Behalf of
Another Person:
Inapplicable.
Item 7. Identification and Classification of the Subsid-
iary Which Acquired the Security Being Reported on
By the Parent Holding Company:
Inapplicable.
Item 8. Identification and Classification of Members of
the Group:
Inapplicable.
Item 9. Notice of Dissolution of Group:
Inapplicable.
Item 10. Certification:
Inapplicable.
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Signature
After reasonable inquiry and to the best of my knowl-
edge and belief, I certify that the information set forth in
this statement is true, complete and correct.
Date: February 10, 1995
By: /s/ Herbert J. Siegel
Herbert J. Siegel
Member of Committee
Administering the
Employee Stock
Purchase Plan
By: /s/ James J. Rochlis
James J. Rochlis
Member of Committee
Administering the
Employee Stock
Purchase Plan
By: /s/ Lawrence R. Barnett
Lawrence R. Barnett
Member of Committee
Administering the
Employee Stock
Purchase Plan
