SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 11)
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
John V. Winfield
President and Chairman of the Board
The InterGroup Corporation
2121 Avenue of the Stars, Suite 2020
Los Angeles, California 90067
(310) 556-1999
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Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications
November 5, 1997
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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. [ ]
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CUSIP No. 802014-10-0
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1. Name of Reporting Person Tax Identification Number
The InterGroup Corporation 13-3293645
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2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Source of Funds
WC
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5. Check if Disclosure of Legal Proceedings is Required pursuant to
Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization
Delaware
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Number of 7. Sole Voting Power
Shares 243,000
Beneficially ------------------------------------
Owned by 8. Shared Voting Power
Each
Reporting ------------------------------------
Person 9. Sole Dispositive Power
With 243,000
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10. Shared Dispositive Power
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
243,000 Shares of Common Stock
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12. Check if the Aggregate Amount in Row 11 Excludes Certain Shares [ ]
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13. Percent of Class Represented by Amount in Row 11
38.1%
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14. Type of Reporting Person
CO
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AMENDMENT NO. 11
TO SCHEDULE 13D
OF THE INTERGROUP CORPORATION
REGARDING OWNERSHIP OF COMMON STOCK OF
SANTA FE FINANCIAL CORPORATION
This Amendment No. 11 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 the Securities of the Issuer
----------------------------------------
(a) InterGroup, as of November 5, 1997, beneficially owns, for
purposes of this Section 13(d) of the Exchange Act, 243,000 shares of the
Common Stock. The shares represent 38.1% 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 by InterGroup
in the Common Stock within the sixty (60) days prior to November 5, 1997 is
set forth below:
Number of Price per
Date Shares Share Nature
---- --------- --------- ------
10/16/97 1,000 $24.375 Open Market Purchase
11/05/97 3,000 $24.375 Open Market Purchase
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(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.
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: November 13, 1997 THE INTERGROUP CORPORATION
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By /s/ John V. Winfield
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John V. Winfield, President and
Chairman of the Board
