SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Information Statement Pursuant To Rules 13d-1 And 13d-2
Under the Securities and Exchange Act of 1934
(Amendment No. 5)*
General Dynamics Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
369550 10 8
(CUSIP Number)
Check the following box if a fee is being paid with the 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 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).
(Continued on following page(s))
Page 1 of 12 Pages
<PAGE>
CUSIP No. 369550 10 8 13G Page 2 of 12 Pages
1 Name Of Reporting Person
S.S. Or I.R.S. Identification No. Of Above Person
Warren E. Buffett ###-##-####
2 Check The Appropriate Box If A Member Of A Group*
(a) [ ]
(b) [ ]
_________________________________________________________________
3 SEC USE ONLY
_________________________________________________________________
4 Citizenship Or Place Of Organization
United States Citizen
5 Number Of Shares Beneficially Owned By Each Reporting
Person With Sole Voting Power
-0-
6 Number Of Shares Beneficially Owned By Each Reporting
Person With Shared Voting Power
4,296,471 Shares Common Stock
7 Number Of Shares Beneficially Owned By Each Reporting
Person With Sole Dispositive Power
-0-
8 Number Of Shares Beneficially Owned By Each Reporting
Person With Shared Dispositive Power
4,296,471 Shares Common Stock
9 Aggregate Amount Beneficially Owned By Each Reporting
Person
4,296,471 Shares Common Stock
10 Check Box If The Aggregate Amount In Row (9) Excludes
Certain Shares*
[ ]
11 Percent Of Class Represented By Amount In Row (9)
6.8% of Common Stock (see response to Item 4)
12 Type Of Reporting Person*
IN
<PAGE>
CUSIP No. 369550 10 8 13G Page 3 of 12 Pages
1 Name Of Reporting Person
S.S. Or I.R.S. Identification No. Of Above Person
Berkshire Hathaway Inc. 04-2254452
2 Check The Appropriate Box If A Member Of A Group*
(a) [ ]
(b) [ ]
_________________________________________________________________
3 SEC USE ONLY
_________________________________________________________________
4 Citizenship Or Place Of Organization
Delaware Corporation
5 Number Of Shares Beneficially Owned By Each Reporting
Person With Sole Voting Power
-0-
6 Number Of Shares Beneficially Owned By Each Reporting
Person With Shared Voting Power
4,296,471 Shares Common Stock
7 Number Of Shares Beneficially Owned By Each Reporting
Person With Sole Dispositive Power
-0-
8 Number Of Shares Beneficially Owned By Each Reporting
Person With Shared Dispositive Power
4,296,471 Shares Common Stock
9 Aggregate Amount Beneficially Owned By Each Reporting
Person
4,296,471 Shares Common Stock
10 Check Box If The Aggregate Amount In Row (9) Excludes
Certain Shares*
[ ]
11 Percent Of Class Represented By Amount In Row (9)
6.8% of Common Stock (see response to Item 4)
12 Type Of Reporting Person*
HC, CO
<PAGE>
CUSIP No. 369550 10 8 13G Page 4 of 12 Pages
1 Name Of Reporting Person
S.S. Or I.R.S. Identification No. Of Above Person
National Indemnity Company 47-0355979
2 Check The Appropriate Box If A Member Of A Group*
(a) [ ]
(b) [ ]
_________________________________________________________________
3 SEC USE ONLY
_________________________________________________________________
4 Citizenship Or Place Of Organization
Nebraska Corporation
5 Number Of Shares Beneficially Owned By Each Reporting
Person With Sole Voting Power
-0-
6 Number Of Shares Beneficially Owned By Each Reporting
Person With Shared Voting Power
3,540,871 Shares Common Stock
7 Number Of Shares Beneficially Owned By Each Reporting
Person With Sole Dispositive Power
-0-
8 Number Of Shares Beneficially Owned By Each Reporting
Person With Shared Dispositive Power
3,540,871 Shares Common Stock
9 Aggregate Amount Beneficially Owned By Each Reporting
Person
3,540,871 Shares Common Stock
10 Check Box If The Aggregate Amount In Row (9) Excludes
Certain Shares*
[ ]
11 Percent Of Class Represented By Amount In Row (9)
5.6% of Common Stock (see response to Item 4)
12 Type Of Reporting Person*
IC, CO
<PAGE>
CUSIP No. 369550 10 8 13G Page 5 of 12 Pages
1 Name Of Reporting Person
S.S. Or I.R.S. Identification No. Of Above Person
National Fire and Marine Insurance Company 47-6021331
2 Check The Appropriate Box If A Member Of A Group*
(a) [ ]
(b) [ ]
_________________________________________________________________
3 SEC USE ONLY
_________________________________________________________________
4 Citizenship Or Place Of Organization
Nebraska Corporation
5 Number Of Shares Beneficially Owned By Each Reporting
Person With Sole Voting Power
-0-
6 Number Of Shares Beneficially Owned By Each Reporting
Person With Shared Voting Power
755,600 Shares Common Stock
7 Number Of Shares Beneficially Owned By Each Reporting
Person With Sole Dispositive Power
-0-
8 Number Of Shares Beneficially Owned By Each Reporting
Person With Shared Dispositive Power
755,600 Shares Common Stock
9 Aggregate Amount Beneficially Owned By Each Reporting
Person
755,600 Shares Common Stock
10 Check Box If The Aggregate Amount In Row (9) Excludes
Certain Shares*
[ ]
11 Percent Of Class Represented By Amount In Row (9)
1.2% of Common Stock (see response to Item 4)
12 Type Of Reporting Person*
IC, CO
<PAGE>
CUSIP No. 369550 10 8 13G Page 6 of 12 Pages
Item 1(a). Name of Issuer:
General Dynamics Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
3190 Fairview Park Drive
Falls Church, Virginia 22042
Item 2(a). Name of Persons Filing:
Item 2(b). Address of Principal Business Office:
Item 2(c). Citizenship:
Warren E. Buffett
1440 Kiewit Plaza
Omaha, Nebraska 68131
(United States Citizen)
Berkshire Hathaway Inc.
1440 Kiewit Plaza
Omaha, Nebraska 68131
(Delaware Corporation)
National Indemnity Company
3024 Harney Street
Omaha, Nebraska 68131
(Nebraska Corporation)
National Fire and Marine Insurance Company
3024 Harney Street
Omaha, Nebraska 68131
(Nebraska Corporation)
Item 2(d). Title of Class of Securities:
Common Stock
<PAGE>
CUSIP No. 369550 10 8 13G Page 7 of 12 Pages
Item 2(e). CUSIP Number:
369550 10 8
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:
Not applicable
(b) [ ] Bank as defined in Section 3(a)(6) of the
Act:
Not applicable
(c) [X] Insurance Company as defined in Section
3(a)(19) of the Act:
National Indemnity Company
National Fire and Marine Insurance Company
(d) [ ] Investment Company registered under Section 8 of
the Investment Company Act:
Not applicable
(e) [ ] Investment Adviser registered under Section 203 of
the Investment Advisers Act of 1940:
Not applicable
(f) [ ] Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee
Retirement Income Security Act of 1974 or
Endowment Fund:
Not applicable
(g) [X] Parent Holding Company, in accordance with Rule
13d-1(b)(ii)(G):
Berkshire Hathaway Inc.
Warren E. Buffett (individual who may be
deemed to control Berkshire Hathaway
Inc.)
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H):
Not applicable.
<PAGE>
CUSIP No. 369550 10 8 13G Page 8 of 12 Pages
Item 4. Ownership
Warren E. Buffett
(a) Amount Beneficially Owned: 4,296,471 shares
Common Stock.
(b) Percent of Class: 6.8% of Common Stock.**
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the
vote: none.
(ii) shared power to vote or to direct the
vote: 4,296,471 Shares Common Stock.
(iii) sole power to dispose or direct the
disposition of: none.
(iv) shared power to dispose or to direct the
disposition of: 4,296,471 Shares Common
Stock.
Berkshire Hathaway Inc.
(a) Amount Beneficially Owned: 4,296,471 shares
Common Stock
(b) Percent of Class: 6.8% of Common Stock.**
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the
vote: none.
(ii) shared power to vote or to direct the
vote: 4,296,471 Shares Common Stock.
(iii) sole power to dispose or direct the
disposition of: none.
(iv) shared power to dispose or to direct the
disposition of: 4,296,471 Shares Common
Stock.
<PAGE>
CUSIP No. 369550 10 8 13G Page 9 of 12 Pages
National Indemnity Company
(a) Amount Beneficially Owned: 3,540,871 shares
Common Stock.
(b) Percent of Class: 5.6% of Common Stock.**
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the
vote: none.
(ii) shared power to vote or to direct the
vote: 3,540,871 shares Common Stock.
(iii) sole power to dispose or direct the
disposition of: none.
(iv) shared power to dispose or to direct the
disposition of: 3,540,871 shares Common
Stock.
National Fire and Marine Insurance Company
(a) Amount Beneficially Owned: 755,600 shares Common
Stock
(b) Percent of Class: 1.2% of Common Stock.**
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the
vote: none.
(ii) shared power to vote or to direct the
vote: 755,600 Shares Common Stock.
(iii) sole power to dispose or direct the
disposition of: none.
(iv) shared power to dispose or to direct the
disposition of: 755,600 Shares Common
Stock.
____________________
** Percentages based on 63,075,241 shares of the Issuer's Common
Stock outstanding as of November 1,1996 according to the
Issuer's report on Form 10Q/A for the quarter ended September 29,1996.
<PAGE>
CUSIP No. 369550 10 8 13G Page 10 of 12 Pages
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.
No person other than as described in Item 4 is
known to have the right to receive or the power to
direct the receipt of dividends from, or the
proceeds from the sale of, such securities.
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the
Parent Holding Company.
See Item 3(c) and Exhibit A.
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 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 purpose or effect.
<PAGE>
CUSIP No. 369550 10 8 13G Page 11 of 12 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.
Dated this 13th day of February, 1997.
/s/Warren E. Buffett
Warren E. Buffett
BERKSHIRE HATHAWAY INC.
NATIONAL INDEMNITY COMPANY
NATIONAL FIRE AND MARINE
INSURANCE COMPANY
By: /s/ Warren E. Buffett
Warren E. Buffett
Chairman of the Board of
each of the above named
corporations
<PAGE>
CUSIP No. 369550 10 8 13G Page 12 of 12 Pages
EXHIBIT A
RELEVANT SUBSIDIARIES OF PARENT HOLDING COMPANY
Parent Holding Company:
Berkshire Hathaway Inc.
Warren E. Buffett (an individual who may be deemed to
control Berkshire Hathaway Inc.)
Relevant Subsidiaries Which Are Insurance Companies as Defined in
Section 3(a)(19) of the Act:
National Indemnity Company
National Fire and Marine Insurance Company
Note: No Common Stock of General Dynamics Corporation is held
directly by Berkshire Hathaway Inc. Other than the
indirect holdings of Berkshire Hathaway Inc., no Common
Stock of General Dynamics Corporation is held directly
or indirectly by Warren E. Buffett, an individual who
may be deemed to control Berkshire Hathaway Inc.
