SECURITIES & EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________
SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
THE TIMES MIRROR COMPANY
------------------------
(Name of Issuer)
CONVERSION PREFERRED STOCK, SERIES B, PAR VALUE $1.00 PER SHARE
---------------------------------------------------------------
(Title of Class of Securities)
887364404
--------------
(CUSIP Number)
__________
<PAGE>
CUSIP No. 887364404 13G Page 1 of 2 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Citicorp
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware, United States of America
- --------------------------------------------------------------------------------
|5. SOLE VOTING POWER
NUMBER OF |
| 3,900,390
SHARES |-----------------------------------------------------------
|6. SHARED VOTING POWER
BENEFICIALLY |
| 0
OWNED BY |-----------------------------------------------------------
|7. SOLE DISPOSITIVE POWER
EACH |
| 3,900,390
REPORTING |-----------------------------------------------------------
|8. SHARED DISPOSITIVE POWER
PERSON WITH |
| 0
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,900,390
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [_]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
50.12%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
HC
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 887364404 13G Page 2 of 2 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Citibank, N.A. -- 13-5266470
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York, United States of America
- --------------------------------------------------------------------------------
|5. SOLE VOTING POWER
NUMBER OF |
| 3,900,390
SHARES |-----------------------------------------------------------
|6. SHARED VOTING POWER
BENEFICIALLY |
| 0
OWNED BY |-----------------------------------------------------------
|7. SOLE DISPOSITIVE POWER
EACH |
| 3,900,390
REPORTING |-----------------------------------------------------------
|8. SHARED DISPOSITIVE POWER
PERSON WITH |
| 0
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,900,390
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [_]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
50.12%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
BK
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
ITEM 1(A). NAME OF ISSUER:
The Times Mirror Company
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
Times Mirror Square
Los Angeles, California 90053
ITEM 2(A). NAME OF PERSON FILING:
Citicorp
Citibank, N.A.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
399 Park Avenue
New York, New York 10043
ITEM 2(C). CITIZENSHIP:
Delaware--Citicorp
United States of America--Citibank, N.A.
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Conversion Preferred Stock, Series B, Par Value $1.00 per share
ITEM 2(E). CUSIP NUMBER:
887364404
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
(Citibank, N.A.)
(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
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(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
ss.240.13d-1(b)(1)(ii)(F)
(g) [X] Parent Holding Company, in accordance with
ss.240.13d-1(b)(ii)(G) (Note: See Item 7) (Citicorp)
(h) [_] Group, in accordance with ss.240.13d-1(b)(1)(ii)(H)
ITEM 4. OWNERSHIP
(a) Amount beneficially owned by Citibank, N.A.: 3,900,390
(b) Percent of Class: 50.12%
(c) Number of shares as to which Citibank, N.A. has:
(i) Sole power to vote or to direct the vote
3,900,390
(ii) Shared power to vote or to direct the vote
0
(iii) Sole power to dispose or to direct the disposition
of 3,900,390
(iv) Shared power to dispose or to direct the disposition
of 0
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.
Citicorp Funding, Inc., an affiliate of Citicorp and Citibank,
N.A., has the right to receive dividends from the securities and
has agreed to transfer such dividends to Citibank, N.A.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Citibank, N.A.--BK
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
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
<PAGE>
were not acquired for the purpose of and do 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 purposes or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
March 10, 1997
CITIBANK, N.A.
By: /S/Rodney F Ballek
-------------------------------
Name: Rodney F Ballek
Title: Managing Director
CITICORP
By: /S/Rodney F Ballek
-------------------------------
Name: Rodney F Ballek
Title: Managing Director
