SECURITIES AND EXCHANGE COMMISSIONS
Washington, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 9)
SANTA FE FINANCIAL CORPORATION
Name of Issuer
Common Stock, Par Value $0.10 Per Share
Title of Class of Securities
802014-10-0
CUSIP Number
Mr. Howard A. Jaffe
Chief Operating Officer
The Intergroup Corporation
2121 Avenue of the Stars, Suite 2020
Los Angeles, California 90067
(310) 556-1999
_________________________________________
Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications
September 20, 1996
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 this
statement. [ ]
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CUSIP No. 802014-10-0
1. Name of Reporting Person Tax Identification Number
The Intergroup Corporation 13-3293645
2. Check the Appropriate Box if a Member of a Group
a. b.
3. SEC Use Only
4. Source of Funds
WC
5. Check if Disclosure of Legal Proceedings is Required
pursuant to Items 2(d) or 2 ______
6. Citizenship or Place of Organization
Delaware
Number of 7. Sole Voting Power
Shares 226,650
Beneficially __________________________________________________
Owned by 8. Shared Voting Power
Each
Reporting __________________________________________________
Person 9. Sole Dispositive Power
With 226,650
__________________________________________________
10. Shared Dispositive Power
11. Aggregate Amount Beneficially Owned By Each Reporting Person
226,650 Shares of Common Stock
12. Check if the Aggregate Amount in Row 11 Excludes Certain
Shares _________
13. Percent of Class Represented by Amount in Row 11
35.5%
14. Type of Reporting Person
CO
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AMENDMENT NO. 9 TO SCHEDULE 13D
OF THE INTERGROUP CORPORATION
REGARDING OWNERSHIP OF COMMON STOCK OF
SANTA FE FINANCIAL CORPORATION
This Amendment No. 9 to Schedule 13D is being filed by
The Intergroup Corporation ("Intergroup") to update information
previously furnished. This Amendment reflects further
acquisitions of Santa Fe Financial Corporation's common stock,
par value $0.10 per share, (the Common Stock) by Intergroup.
The following Items of this Schedule 13D are amended.
Item 3. Source and Amount of Funds or Other Consideration.
Intergroup used working capital as its source of funds
to purchase all Shares.
Item 5. Interest in Securities of the Issuer.
(a) Intergroup, as of September 20, 1996, beneficially
owns, for purposes of Section 13(d) of the Exchange Act 226,650
shares of the Common Stock. The shares represent 35.5% of the
outstanding Common Stock.
(b) Intergroup has sole voting and disposition power
with respect to the shares described in Item 5(a). Mr. John V.
Winfield is Chairman and President of Intergroup.
(c) Information with respect to transactions effected
in the Stock during the past sixty (60) days by Intergroup is set
forth in Appendix A hereto.
(d) No person other than Intergroup, with respect to
its Shares, or Mr. Winfield, with respect to his shares, has the
right to receive or the power to direct the receipt of dividends
from, and the proceeds from the sale of, the Shares beneficially
owned by each.
(e) Inapplicable.
<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.
Dated: September 20, 1996
THE INTERGROUP CORPORATION
By:
/s/Howard A. Jaffe
Howard A. Jaffe
Corporate Secretary
<PAGE>
SCHEDULE A
The following table sets forth the trade date for each
purchase of Common Stock by Intergroup, the number of shares of
Common Stock purchased in each such transaction and the price per
share in each such transaction effected in the past sixty (60)
days. No shares were sold during the period. All the shares of
Common Stock were purchased in ordinary brokerage transactions
effected in the over-the-counter market.
No. of
Common
Shares Price per
Trade Date Purchased Share
July 31, 1996 3,600 $23.63
September 18, 1996 2,400 $24.25
September 20, 1996 1,600 $24.25
