FORM 3 U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange
Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(f) of the
Investment Company Act of 1990
OMB APPROVAL
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OMB Number: 3235-0414
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Estimated average burden
hours per response.....................0.5
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1. Name and Address of Reporting Person
ICAHN CARL C.
(Last) (First) (Middle)
114 West 47th Street
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(Street)
New York, NY 10036
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(City) (State) (Zip)
2. Date of Event Requiring
Statement
(Month/Day/Year)
12/27/96
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3. IRS or Social Security Number
of Reporting Person (Voluntary)
4. Issuer Name and Ticker of Trading Symbol
McNEIL REAL ESTATE FUND XIV, LTD.
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
____ Director _X__ 10% Owner
____ Officer (give ____ Other (specify
title below) below)
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6. If Amendment, Date of Original
(Month/Day/Year)
7. Individual or Joint/Group Filing
(Check Applicable Line)
X Form filed by One Reporting Person
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-- Form filed by more than One Reporting Person
TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
<TABLE>
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<S> <C> <C> <C>
1. Title of Security 2. Amount of Securities 3. Ownership Form: Direct 4. Nature of Indirect Beneficial Ownership
(Instr. 3) Beneficially Owned (D) or Indirect (I)(Instr. 5) (Instr. 5)
(Instr. 4)
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Units representing 10,470 I *
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Limited Partnership
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Interests ("Units")
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
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FORM 3 - (continued)
TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
1. Title of Derivative Security
(Instr. 4)
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2. Date Exercisable
and Expiration Date
(Month/Day/Year)
Date Expira-
Exer- tion
cisable Date
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3. Title and Amount of Securities
Underlying Derivative Security
(Instr. 4)
Title Amount
or
Number
of
Shares
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4. Conversion
of Exercise
Price of
Derivative
Security
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5. Ownership Form of
Derivative
Security:
Direct (D) or
Indirect (I)
(Instr. 5)
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6. Nature of Indirect
Beneficial
Ownership
(Instr. 5)
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Explanation of Responses:
* Consists of 10,052 Units directly beneficially owned by High River Limited
Partnership ("High River") and 418 Units directly beneficially owned by Unicorn
Associates Corporation ("Unicorn"). The Reporting Person is the controlling
member of Riverdale LLC, the general partner of High River and indirectly owns
all of the issued and outstanding shares of capital stock of Unicorn. The Units
directly beneficially owned by High River include (1) 2,776 Units tendered to
High River pursuant to a tender offer commenced on September 20, 1996 (the
"Tender Offer") and transferred to High River effective as of January 1, 1997,
(2) 7,102 Units acquired by High River prior to the commencement of the Tender
Offer, and (3) 174 Units tendered to High River pursuant to the Tender Offer and
accepted for payment, but not yet submitted for transfer because of defective
paperwork.
++Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ THEODORE ALTMAN, ATTORNEY-IN-FACT 1/6/97
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++Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB number.
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