TRACINDA CORP
SC 13D/A, 1997-01-24
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<PAGE>


                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549

                                  SCHEDULE 13D

                   UNDER THE SECURITIES EXCHANGE ACT OF 1934.
                            
                           (AMENDMENT NO. 34)*  
                                          --


                             Chrysler Corporation
         -------------------------------------------------------------
                                (Name of Issuer)

                         Common Stock, $1.00 par value
              ---------------------------------------------------
                        (Title of Class of Securities)

                                  171196108
                   -----------------------------------------
                                 (CUSIP Number)
                    Richard E. Sobelle, Esq. (702) 737-8060
                             Tracinda Corporation
                                4835 Koval Lane
                            Las Vegas, Nevada 89109          
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
                                Communications)

                               January  23, 1997
       -----------------------------------------------------------------
            (Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report 
the acquisition which is the subject of this Schedule 13D, and is filing this 
schedule because of Rule 13d-1(b)(3) or (4), check the following box [_].

Check the following box if a fee is being paid with the statement [_]. (A fee is
not required only if the reporting 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.)

Note: Six copies of this statement, including all exhibits, should be filed with
the Commission.  See Rule 13d-1(a) for other parties to whom copies are to be 
sent.

* 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
disclosures provided in a prior cover page.

The information required on 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).




<PAGE>
 
                                 SCHEDULE 13D
 
- -----------------------                                 ----------------------
  CUSIP No. 171196108                                    PAGE __  OF __ PAGES
- -----------------------                                 ----------------------
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      
      
      Kirk Kerkorian
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                                     (a) [x]
                                                                       (b) [_]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      SOURCE OF FUNDS*
 4    

      N/A
- ------------------------------------------------------------------------------
      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO 
      ITEMS 2(d) OR 2(e)
 5                                                                         [_] 


- ------------------------------------------------------------------------------
     
      CITIZENSHIP OR PLACE OF ORGANIZATION
 6    
      
      USA
- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     7   
     NUMBER OF              
                          96,496,992
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      8
                          
     OWNED BY        
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     9    
    REPORTING                
                          96,496,992
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          10
                          
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 11 
     
      96,496,992
- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 12                                                                        [_]
 
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 13   
     
      13.73%
- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
 14
      
      IN
- ------------------------------------------------------------------------------

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>
 
                                 SCHEDULE 13D
 
- -----------------------                                 ----------------------
  CUSIP No. 171196108                                    PAGE __  OF __ PAGES
- -----------------------                                 ----------------------
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      
      
      Tracinda Corporation
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                                     (a) [x]
                                                                       (b) [_]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      SOURCE OF FUNDS*
 4    

      N/A
- ------------------------------------------------------------------------------
      CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO 
      ITEMS 2(d) OR 2(e)
 5                                                                         [_] 


- ------------------------------------------------------------------------------
     
      CITIZENSHIP OR PLACE OF ORGANIZATION
 6    
     
      Nevada
- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     7   
     NUMBER OF              
                          96,496,992
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      8
       
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     9    
    REPORTING             
                          96,496,992
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          10
 
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 11 
      
                          96,496,992
- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 12                                                                        [_]
 
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 13   
      
                          13.73%
- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
 14
      
                          CO
- ------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>
 
This Amendment No. 34 amends and supplements the Statement on Schedule 13D (as 
previously amended, including pursuant to the schedule 14D-1 and amendment 
thereto previously filed by Tracinda Corporation, a Nevada corporation wholly 
owned by Kirk Kerkorian, the "Schedule 13D"), relating to the common stock par 
value $1.00 per share (the "Shares"), of Chrysler Corporation, a Delaware 
corporation (the "Company"), previously filed by Mr. Kerkorian and Tracinda 
Corporation ("Tracinda"). Terms used and not defined in this Amendment have the 
meaning set forth in the Schedule 13D.

     1. Item 4, "Purpose of Transaction," Item 5, "Interest in Securities of the
Issuer" and Item 6, "Contracts, Arrangements, Understandings or Relationships 
with Respect to Securities of the Issuer" of the Schedule 13D are hereby amended
to add the following information:

     On November 20, 1995, Tracinda filed an amendment to its Schedule 13D 
disclosing its intention to donate 20,000,000 shares (adjusted for stock split) 
of Chrysler common stock and 2,000,000 shares of MGM Grand, Inc. common stock to
The Lincy Foundation, a California non-profit public benefit corporation formed 
in 1989 by Tracinda. One condition of the donation was the receipt by Tracinda 
of a favorable tax ruling by the Internal Revenue Service relating to the 
proposed gift. Tracinda has been advised by the Internal Revenue Service that 
its requested tax ruling will not be approved. Accordingly, Tracinda has 
withdrawn the request. As a result of the failure to obtain the ruling, the 
proposed donation to The Lincy Foundation, which was to have been made in three 
annual installments commencing in November, 1997 will not be made. It is 
Tracinda's intent, however, to make comparable gifts to charitable organizations
directly, either in shares of Chrysler common stock, MGM Grand, Inc. common 
stock, other securities, or cash. Such donations may be made at times different 
from the times the proposed donations to The Lincy Foundation were to have been 
made. On this date Tracinda has donated $32,500,288 consisting of 875,008
shares of Chrysler common stock (valued at $31,500,288) and $1,000,000 in cash 
to 30 charitable organizations. Future gifts will be subject to certain
conditions including the consent of Tracinda's lenders.

     2. Except as specifically provided herein, this amendment does not modify 
any of the information previously reported on the Schedule 13D.


<PAGE>
 
                                   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.

                                               TRACINDA CORPORATION



                                               BY:/s/ Anthony L. Mandekic
                                                  ------------------------
                                                     Anthony L. Mandekic
                                                     Secretary/Treasurer

January 23, 1997









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