MCNEIL REAL ESTATE FUND XIV LTD
SC 14D1/A, 1995-08-14
OPERATORS OF NONRESIDENTIAL BUILDINGS
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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
                       (Amendment No. 2)*
    

               MCNEIL REAL ESTATE FUND XIV, LTD.
               (Name of Subject Company [Issuer])

                 HIGH RIVER LIMITED PARTNERSHIP
                         CARL C. ICAHN
                           (Bidders)

                   LIMITED PARTNERSHIP UNITS
                 (Title of Class of Securities)

                              None
             (CUSIP Number of Class of Securities)

                   Keith L. Schaitkin, Esq.
          Gordon Altman Butowsky Weitzen Shalov & Wein
                114 West 47th Street, 20th Floor
                    New York, New York 10036
                         (212) 626-0800

  (Name, Address and Telephone Number of Person Authorized to
    Receive Notices and Communications on Behalf of Bidder)

Calculation of Filing Fee
-------------------------------------------------------------------
Transaction                         Amount of filing fee: $739.86
Valuation*: $3,699,300
-------------------------------------------------------------------

     * For  purposes  of  calculating  the fee only.  This amount
assumes  the  purchase  of 38,940  units of  limited  partnership
interest (the "Units") of the subject  partnership for $95.00 per
Unit. The amount of the filing fee, calculated in accordance with
Rule  0-11(d)  under  the  Securities  Exchange  Act of 1934,  as
amended,  equals  1/50th of one percent of the  aggregate  of the
cash offered by the bidder.


      [X] Check box if any part of the fee is offset as provided
by  Rule  0-11(a)(2)  and  identify the  filing  with  which  the
offsetting fee was previously paid.  Identify the previous filing
by registration statement number, or the Form or Schedule and the
date of its filing.


   

Amount Previously Paid: $739.86
Form or Registration No.: Schedule 14D-1, dated August 3, 1995
Filing Party: High River Limited Partnership & Carl C. Icahn
Dated Filed: August 4, 1995 and August 9, 1995

    



      *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 the 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).

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                       AMENDMENT NO. 2 TO SCHEDULE 14D-1

     This Amendment No. 2 to Schedule 14D-1 amends and supplements the Tender
Offer Statement on Schedule 14D-1 filed by High River Limited Partnership, a
Delaware limited Partnership ("High River"), Riverdale Investors Corp., Inc., a
Delaware corporation ("Riverdale") and Carl C. Icahn (collectively, the
"Reporting Persons") with the U.S. Securities and Exchange Commission (the
"Commission") on August 3, 1995, as amended by Amendment No. 1 filed with the
Commission on August 9, 1995. All capitalized terms used herein but not
otherwise defined shall have the meanings ascribed to such terms in the Offer to
Purchase dated August 3, 1995, as amended through August 7, 1995 (the "Offer to
Purchase") and the related Assignment of Partnership Interest, as amended
through August 7, 1995 (collectively with the Offer to Purchase, the "Offer").

    







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Item 10.  Additional Information.
    
     Item 10(e) is hereby amended to add the following:

     (e) The information set forth in the Press Release, dated August 14, 1995
(regarding an action commenced on August 10, 1995), a copy of which is attached
hereto as Exhibit 10, is incorporated herein by reference.

Item 11.  Materials to be Filed as Exhibits.

     The following document is filed as an exhibit to this Schedule 14D-1:

     (a)

     Exhibit 10      Press Release dated August 14, 1995, regarding the Offer
    

 

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                               SIGNATURES


     After due 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:  August 14, 1995

    





                   HIGH RIVER LIMITED PARTNERSHIP

                   By:  Riverdale Investors Corp., Inc.
                   Title:  General Partner



                   By: /s/ Robert J. Mitchell
                        Robert J. Mitchell
                   Title:  Vice President and Treasurer


                   RIVERDALE INVESTORS CORP., INC.



                   By: /s/ Robert J. Mitchell
                        Robert J. Mitchell
                   Title:  Vice President and Treasurer




                       /s/ Carl C. Icahn
                           Carl C. Icahn









   

     [Signature Page for Amendment No. 2 to McNeil Real Estate Fund XIV, Ltd.
      Schedule 14D-1]

    




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                             EXHIBIT INDEX

                                                              Page Number
                                                              -----------
   

Exhibit 10     Press Release dated August 14, 1995,
               regarding the offer

    





                                                           FOR IMMEDIATE RELEASE
Contact:  Tina Simms
          (212) 921-3355


                   ICAHN UNIT GRANTED PRELIMINARY INJUNCTION

     August 14, 1995--High River Limited Partnership ("High River"), a Delaware
limited partnership controlled by Carl C. Icahn, announced that the United
States District Court for the Southern District of New York issued a preliminary
injunction in an action filed there by High River against McNeil Partners L.P.,
McNeil Investors Inc., Robert A. McNeil, Carole A. McNeil (the "McNeils") and 10
limited partnerships operated by McNeil Partners L.P. (the "Partnerships").
High River is currently making tender offers for each of the Partnerships.
The Court ruled:

     "This court finds that High River and the limited partners have been, and
     are being, irreparably harmed by defendants' failure timely to furnish
     the limited partner lists or mail the tender offer materials to the
     limited partners. Time is of the essence in a tender offer. . . . In the
     instant action, defendants are depriving plaintiff of its opportunity to
     tender and are depriving the limited partners of their opportunity to
     consider whether to sell their units as contemplated by the tender offer
     rules.

     The court further finds that plaintiff has a likelihood of success on the
     merits. Regulation 14d-5 is clear in its requirements, and plaintiff
     appears likely to be able to demonstrate the defendants violated the
     provisions of that regulation.

     Accordingly, the requested injuction is granted, and defendants are hereby
     ordered to provide High River with a list of the names and addresses or
     the limited partners of the partnerships or to make a commitment to mail
     High River's tender offer materials on behalf of High River or cause them
     to be mailed by Monday, August 14, 1995."

     The Partnerships are McNeil Pacific Investors Fund 1972, McNeil Real Estate
Fund V, Ltd., McNeil Real Estate Fund IX, Ltd., McNeil Real Estate Fund X, Ltd.,
McNeil Real Estate Fund XI, Ltd., McNeil Real Estate Fund XIV, Ltd., McNeil
Real Estate Fund XV, Ltd., McNeil Real Estate Fund XX, L.P., McNeil Real Estate
Fund XXIV, L.P., McNeil Real Estate Fund XXV, L.P.

     Each offer, withdrawal rights and proration period will expire at 12:00
midnight, New York City time, on August 31, 1995, unless the offer is extended.



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