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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 5)
Cadiz Land Inc.
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(Name of Issuer)
Common Stock
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(Title of class of securities)
127549103
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(CUSIP number)
___
Check the following box if a fee is being paid with this 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 the
disclosures provided in a prior cover page.
The information required in 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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CUSIP No. 127549103 13G Page 2 of 8 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Morgan Stanley, Dean Witter, Discover & Co.
IRS # 39-314-5972
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
The state of organization is Delaware.
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
---------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 2,395,290
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
---------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER
2,528,276
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,528,276
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.00%
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12 TYPE OF REPORTING PERSON*
IA, CO
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* SEE INSTRUCTIONS BEFORE FILLING OUT !
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CUSIP No. 127549103 13G Page 3 of 8 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Morgan Stanley Asset Management Limited
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
Organized under the Laws of England
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
--------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 2,363,767
--------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
--------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER
2,496,753
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,496,753
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.28%
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12 TYPE OF REPORTING PERSON*
IA, CO
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* SEE INSTRUCTIONS BEFORE FILLING OUT !
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CUSIP No. 127549103 13G Page 4 of 8 Pages
Item 1 (a) Name of Issuer
Cadiz Land Inc.
Item 1 (b) Address of issuer's principal executive offices
100 Wilshire
Suite 1620
Santa Monica, CA 90401-1115
Item 2 (a) Name of person filing
(a) Morgan Stanley, Dean Witter, Discover & Co.
(b) Morgan Stanley Asset Management Limited
Item 2 (b) Principal business office
(a) 1585 Broadway
New York, New York 10036
(b) 25 Cabot Square
Canary Wharf
London E14 4QA
England
Item 2 (c) Citizenship
Incorporated by reference to Item 4 of the cover
page pertaining to each reporting person.
Item 2 (d) Title of class of Securities
Common Stock
Item 2 (e) Cusip No.
127549103
Item 3 (a) Morgan Stanley, Dean Witter, Discover & Co. is
(e) an Investment Adviser registered under
section 203 of the Investment Advisers Act of 1940.
(b) Morgan Stanley Asset Management Limited is (e) an
Investment Adviser registered under Section 203 of
the Investment Advisers Act of 1940.
Item 4 Ownership
Incorporated by reference to Items (5) - (9) and
(11) of the cover page pertaining to each reporting
person.
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CUSIP No. 127549103 13G Page 5 of 8 Pages
Item 5 Ownership of 5 Percent or Less of a Class
Inapplicable
Item 6 Ownership of More than 5 Percent on Behalf of
Another Person
Accounts managed on a discretionary basis by Morgan
Stanley Asset Management Limited a wholly owned
subsidiary of Morgan Stanley, Dean Witter, Discover
& Co., are 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.
No such account holds more than 5 percent of the
class.
Item 7 Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the
Parent Holding Company
Inapplicable
Item 8 Identification and Classification of Members of the
Group
Inapplicable
Item 9 Notice of Dissolution of Group
Inapplicable
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.
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CUSIP No. 127549103 13G Page 6 of 8 Pages
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.
Date : JuLY 2, 1997
Signature : /s/ Peter Nadosy
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Name / Title : Peter Nadosy /Director Morgan Stanley Asset
Management Limited
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MORGAN STANLEY ASSET MANAGEMENT LIMITED
Date : July 2, 1997
Signature : /s/ Bruce Bromberg
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Name / Title : Bruce Bromberg / Morgan Stanley & Co. Incorporated
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MORGAN STANLEY GROUP, DEAN WITTER, DISCOVER & CO.
INDEX TO EXHIBITS PAGE
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EXHIBIT 1 Agreement to Make a Joint Filing 7
EXHIBIT 2 Secretary's Certificate Authorizing
Bruce Bromberg to Sign on behalf
of Morgan Stanley, Dean Witter,
Discover & Co. 8
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INDEX TO EXHIBITS PAGE
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EXHIBIT 1 Agreement to Make a Joint Filing 7
EXHIBIT 2 Secretary's Certificate Authorizing
Bruce Bromberg to Sign on behalf
of Morgan Stanley, Dean Witter,
Discover & Co. 8
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CUSIP No. 127549103 13G Page 7 of 8 Pages
EXHIBIT 1 TO SCHEDULE 13G
July 2, 1997
MORGAN STANLEY, DEAN WITTER, DISCOVER & CO. and MORGAN STANLEY ASSET
MANAGEMENT LIMITED hereby agree that, unless differentiated, this Schedule 13G
is filed on behalf of each of the parties.
MORGAN STANLEY ASSET MANAGEMENT LIMITED
BY: /s/ Peter Nadosy
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Morgan Stanley Asset Management Limited
Peter Nadosy / Director Morgan Stanley Asset
Management Limited
MORGAN STANLEY GROUP INC.
BY: /s/ Bruce Bromberg
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Morgan Stanley, Dean Witter, Discover & Co.
Bruce Bromberg / Morgan Stanley & Co., Incorporated
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EXHIBIT 2 Page 8 of 8 Pages
MORGAN STANLEY, DEAN WITTER, DISCOVER & CO.
SECRETARY'S CERTIFICATE
I, Charlene R. Herzer, a duly elected and acting Assistant Secretary
of Morgan Stanley, Dean Witter, Discover & Co., a corporation organized and
existing under the laws of the State of Delaware (the "Corporation"), certify
that, as approved by a Unanimous Consent of Directors in Lieu of a Meeting
dated as of May 31, 1997, the following persons are each authorized to sign
reports to be filed under Sections 13 and 16 of the Securities Exchange Act of
1934 on behalf of the Corporation, and such authorizations are in full force
and effect as of this date:
Stuart J. M. Breslow
Robert G. Koppenol
Bruce Bromberg
Robin Sherak
IN WITTNESS WHEREOF, I have hereunto set my name and affixed the seal
of the Corporation as of the 3rd day of June, 1997.
/s/ CHARLENE R. HERZER
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Charlene R. Herzer
Assistant Secretary
[SEAL]
