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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
FORM 3
WASHINGTON, D.C. 20549
OMB APPROVAL
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INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
OMB Number: 3235-0104
Expires: September 30, 1998
Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934,
Estimated average burden
Section 17(a) of the Public Utility Holding
Company Act of 1935 or hours per response 0.5
(Print or Type Responses)
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
MWV International, Ltd. c/o MWV & Co.
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(Last) (First) (Middle)
10 East 50th Street
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(Street)
New York NY 10022
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(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
12/22/98
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name AND Ticker or Trading Symbol
Elsinore Corporation (ELSO)
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5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
Director X 10% Owner
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Officer (give title below) Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing
(Check Applicable Line)
X Form filed by One Reporting Person
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Form filed by More than One Reporting Person
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TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security (Instr. 4)
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Common Stock
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2. Amount of Securities Beneficially Owned (Instr. 4)
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3,898,515
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3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)
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D(1)
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4. Nature of Indirect Beneficial Ownership (Instr. 5)
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Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly. (Over)
* If the form is filed by more than one reporting person, SEE
Instruction 5(b)(v). SEC 1473 (7-97)
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF
INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS
THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.
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FORM 3 (CONTINUED) TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative Security (Instr. 4)
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2. Date Exercisable and Expiration Date (Month/Day/Year)
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Expiration Date
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3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
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Amount of Number of Shares
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4. Conversion or Exercise Price of Derivative Security
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5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
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6. Nature of Indirect Beneficial Ownership (Instr. 5)
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Explanation of Responses:
(1) On December 22, 1998, the Reporting Person, an investment
advisory client of Morgens, Waterfall, Vintiadis & Company, Inc. acquired
3,898,515 shares of common stock of the Issuer. In accordance with
Instruction 5(b)(ii), the amount of the Issuer's securities beneficially
owned by the Reporting Person is reported herein.
/s/ Bruce Waterfall _________, 1999
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**Intentional misstatements or omissions of facts constitute Federal
**Signature of Reporting Person Date
Criminal Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
BY: John C. "Bruce" Waterfall as President of Morgens, Waterfall,
Vintiadis & Company, Inc., the Investment Advisor to the Reporting
Person
Note: File three copies of this Form, one of which must be manually
signed. If space is insufficient, SEE Instruction 6 for
procedure.
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form
displays a currently valid OMB Number.
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SEC 1473 (7-97)
