TRACINDA CORP
SC 14D1/A, 1995-06-27
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                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549
                              _________________

                               SCHEDULE 14D-1
               TENDER OFFER STATEMENT PURSUANT TO SECTION 14(D)(1) 
                      OF THE SECURITIES EXCHANGE ACT OF 1934
                        AND AMENDMENT TO SCHEDULE 13D 
                   UNDER THE SECURITIES EXCHANGE ACT  OF 1934

                              (AMENDMENT NO. 1)

                                _________________


                              CHRYSLER CORPORATION
                            (Name of Subject Company)
                               TRACINDA CORPORATION
                                   (Bidder)
                                _________________
                          Common Stock, $1.00 Par Value
                          (Title of Class of Securities)

                                 171196 10 8
                           (CUSIP Number of Common Stock)

                             Anthony L. Mandekic
                            Tracinda Corporation
                               4835 Koval Lane
                            Las Vegas, NV  89109
                               (702)  737-8060

(Names, Address and Telephone Numbers of Persons Authorized to Receive 
Notices and Communications on Behalf of Bidder)

                                    Copies to:

           Stephen Fraidin, Esq.                    Stephen Silbert, 
Esq.
Fried, Frank, Harris, Shriver & Jacobson      Christensen, White, 
Miller, Fink & Jacobs
          One New York Plaza                      2121 Avenue of the 
Stars
          New York, NY 10004                          Eighteenth Floor
            (212) 859-8000                        Los Angeles, CA  90067
                                                      (310) 553-3000

<PAGE>




     This Amendment No. 1 amends and supplements the Tender Offer 
Statement on Schedule 14D-1 (the "Schedule 14D-1") filed on June 26, 
1995, relating to a tender offer by Tracinda Corporation, a Nevada 
corporation (the "Offeror"), to purchase up to 14,000,000 shares of 
common stock, par value $1.00 per share (including the associated 
Preferred Stock Purchase Rights) of Chrysler Corporation, a Delaware 
corporation, at a purchase price of $50.00 per Share, net to the seller 
in cash.



Item 10.    Additional Information.

(f)  The information set forth in the press release attached hereto as 
Exhibit (a) (9) is incorporated herein by this reference.



Item 11.  Material to be Filed as Exhibits.

Item 11 is hereby amended by adding thereto the following exhibits:

(a)(9)       -  Press Release issued by Offeror on June 27, 1995.


<PAGE>



                                 SIGNATURE


After due inquiry and to the best of its knowledge and belief, each of 
the undersigned certifies that the information set forth in this 
statement is true, complete and correct.

Dated:  June 27, 1995



                                      TRACINDA CORPORATION


                                      By:   /s/ Anthony L. Mandekic
                                            Name:  Anthony L. Mandekic
                                            Title:  Secretary/Treasurer

<PAGE>

                                      EXHIBIT INDEX

      Exhibit                          Description

      (a)(9)      -  Press Release issued by Offeror on June 27, 1995


<PAGE>

FOR IMMEDIATE RELEASE


     Contact:   George Sard/Anna Cordasco             Michael Claes
                Sard Verbinnen & Co.                  Burson Marsteller
                (212) 687-8080                        (212) 614-5236



                       TRACINDA COMMENCES PREVIOUSLY ANNOUNCED CASH 
TENDER

                     OFFER FOR 14 MILLION CHRYSLER SHARES AT $50.00 PER 
SHARE



     LAS VEGAS, NV, June 27, 1995 -- Tracinda Corporation announced 
today that it has commenced its previously announced cash tender offer 
for up to 14 million shares of common stock of Chrysler Corporation 
(NYSE: C) at a price of $50.00 per share.  The tender offer is not 
subject to financing.

     In addition to customary conditions, the tender offer is 
conditioned on exemption from or the non-applicability of a Michigan 
insurance statute.  The statute is presumed to apply to an owner of 10% 
or more of Chrysler's outstanding common shares because Chrysler has 
insurance operations in Michigan.  These operations represent an 
insignificant amount of Chrysler's total assets.

     The tender offer and withdrawal rights will expire at 12:00 
midnight, New York City time, on July 25, 1995, unless extended.

     Wasserstein Perella & Co., Inc. is the dealer-manager for the 
tender offer.  D.F. King is the information agent.

     The tender offer materials are being filed with the Securities and 
Exchange Commission.  Copies of these materials may be obtained by 
calling D.F. King at 1-800-290-6424.
	





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