<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Amendment No. 1)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Chris-Craft Industries, Inc.
(Name of Issuer)
Class B Common Stock, par value $.50 per
share and Common Stock, par value $.50 per share
(Title of Class of Securities)
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. 170520-50-6 and 13G Page 2 of 6 Pages
170520-50-6
1) Name of Reporting Person: William D. Siegel
SS or IRS Identification No. of Above Person:
S.S. No.
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
5) Sole Voting Power: 589,011 shares of
Number of Class B Common Stock
Shares and 675,145 shares of Common Stock
Beneficially 6) Shared Voting Power: 163,909 shares of
Owned Class B Common Stock and 163,909 shares of
by Each Common Stock
Reporting 7) Sole Dispositive Power: 595,358 shares
Person with of Class B Common Stock Person and
695,823 shares of Common Stock
8) Shared Dispositive Power: 163,909 shares of
Class B Common Stock and 163,909
shares of Common Stock
9) Aggregate Amount Beneficially Owned by Each Reporting
Person: 759,267 shares of Class B Common
Stock and 859,732 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:
9.6% of Class B Common Stock and 3.5% of Common
Stock
12) Type of Reporting Person (See Instructions):
IN
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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:
William D. Siegel
Item 2(b). Address of Principal Business Office or, if
none, Residence:
Chris-Craft Industries, Inc.
767 Fifth Avenue
New York NY 10153
Item 2(c). Citizenship:
United States of America
Item 2(d). Title of Class of Securities:
I
Class B Common Stock, $.50 par value, each
share convertible into one share of Common
Stock ("Class B Common Stock")
II
Common Stock, $.50 par value ("Common Stock")
Item 2(e). CUSIP Number:
I (Class B Common Stock) -- 170520-50-6
II (Common Stock) -- 170520-10-0
<PAGE>
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
Class B
Common Common
Stock Stock
<S> <C> <C>
(a) Amount Beneficially
Owned (1): 759,267 859,732(2)
(b) Percent of Class
(outstanding at
December 31, 1997)(3): 9.6% 3.5%
(c) Number of shares as
to which such person
has:
(i) sole power to
vote or to direct
the vote 589,011 675,145
(ii) shared power to
vote or to direct
the vote 163,909 163,909
(iii) sole power to dis-
pose or to direct
the disposition of 595,358 695,823
(iv) shared power to
dispose or to di-
rect the disposi-
tion of -- --
<FN>
_________________________
(1) Class B Common Stock amount includes 6,347 shares
vested at December 31, 1997 in the Chris-Craft Employees'
Stock Purchase Plan and 163,909 shares held in the Chris-
Craft Profit Sharing Plan, of which Mr. Siegel is a Trustee.
Common Stock amount includes 14,331 shares of Common Stock vested
at December 31, 1997 in the Chris-Craft Employees' Stock Purchase
Plan and number of shares issuable upon conversion of Class B
Common Stock shown in Column I.
(2) Includes 54,633 shares issuable upon exercise of stock
options exercisable within 60 days after December 31, 1997.
(3) Common Stock percentage computed on basis of number of shares
of Common Stock outstanding at December 31, 1997 plus those issuable
upon conversion of Class B Common Stock shown in Column I and
exercise of stock option referred to in Note (2).
</TABLE>
Item 5. Ownership of Five Percent or Less of a Class. [ ]
Item 6. Ownership of More than Five Percent on Behalf of
Another Person.
Inapplicable.
Item 7. Identification and Classification of the Subsidiary
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.
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.
Date: February 10, 1998
/s/ William D. Siegel
- ------------------------
Signature
William D. Siegel
Name/Title
