SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
CONTINENTAL HOMES HOLDING CORP.
_______________________________________________________________
(Name of Issuer)
Common Stock
________________________________________________________________
(Title of Class of Securities)
00021148C1
_________________________________________________________________
(CUSIP Number)
Check the following box if a fee is being paid with this statement _____. (A
fee is not required only if the filing person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class
of securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such
class.) (See Rule 13d-7.)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
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 (however,
see the Notes).
(Continued on following page(s))
Page 1 of 5 Pages
L08-009-015-I Documents
CUSIP No. 00021148C1 13G Page 2 of 5 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Dreyfus Corporation: 13-5673135
__________________________________________________________________________
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
___________________________________________________________________________
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER
-0-
___________________________________________________________________________
6. SHARED VOTING POWER
213,000
___________________________________________________________________________
7. SOLE DISPOSITIVE POWER
-0-
___________________________________________________________________________
8. SHARED DISPOSITIVE POWER
213,000
___________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
213,000
___________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
___________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.12%
___________________________________________________________________________
12. TYPE OF REPORTING PERSON*
IA
___________________________________________________________________________
* SEE INSTRUCTION BEFORE FILLING OUT!
Schedule 13G 13G Page 3 of 5 Pages
Item 1
(a) Name of Issuer
Continental Homes Holding Corp.
(b) Address of Issuer's Principal Executive Offices
7001 North Scottsdale Road
Suite 2050
Scottsdale, AZ 85253
Item 2
(a) Name of Person Filing
The Dreyfus Corporation
(b) Address of Principal Business Office
200 Park Avenue
New York, NY 10166
(c) Citizenship
New York
(d) Title of Class of Securities
Common Stock
(e) CUSIP Number
00021148C1
Item 3 The person filing is an
(e) Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940. (The Dreyfus Corporation)
Item 4 Ownership
(a) Amount Beneficially Owned
213,000
(b) Percent of Class
3.12%
cont...
Schedule 13G 13G Page 4 of 5 Pages
(c) Number of shares as to which such person has
(i) sole power to vote or direct the vote:
-0-
(ii) shared power to vote or direct the vote:
213,000
(iii) sole power to dispose or to direct the disposition of:
-0-
(iv) shared power to dispose or to direct the disposition
of:
213,000
Item 5 Ownership of Five Percent or Less of a Class
This statement is being filed to report that as of the date
hereof, the reporting person has ceased to be the beneficial
owner of more than 5% of the class of securities.
Item 6 Ownership of More than Five Percent on Behalf of Another
Person
N/A
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company
N/A
Item 8 Identification and Classification of Members of the Group
N/A
Item 9 Notice of Dissolution of Group
N/A
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 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.
cont...
Schedule 13G 13G Page 5 of 5 Pages
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.
February 10, 1994
__________________________________________________
Date
Daniel C. Maclean
__________________________________________________
Signature
Daniel C. Maclean, Vice President and General Counsel of The Dreyfus
Corporation
_____________________________________________________________________________
Name\Title
