[LETTERHEAD OF ROBINSON SILVERMAN PEARCE
ARONSOHN & BERMAN LLP]
January 7, 1999
David M. Lynn, Special Counsel
Securities and Exchange Commission
450 Fifth Street, N.W.
Mail Stop 4-9
Washington, D.C. 20549
Re: Kranzco Realty Trust
Registration Statement on Form S-4
Registration No. 333-52743
----------------------------------
New America Network, Inc.
Registration Statement on Form S-1
Registration No. 333-52745
----------------------------------
Dear Mr. Lynn:
On behalf of Kranzco Realty Trust ("Kranzco"), in accordance with
Rule 477 promulgated under the Securities Act of 1933, as amended (the
"Securities Act"), we are hereby writing to request the withdrawal of
Kranzco's Registration Statement on Form S-4 (Registration No. 333-52743).
Although the Registration Statement was declared effective, no sales or
exchanges were made pursuant to such Registration Statement.
Furthermore, on behalf on New America Network, Inc. ("NAI"), in
accordance with Rule 477 promulgated under the Securities Act, we are
hereby writing to request the withdrawal of NAI's Registration Statement on
Form S-1 (Registration No. 333-52745).
Kranzco and NAI each independently determined to withdraw their
respective aforementioned Registration Statements in light of material
disruptions to the securities markets which made the consummation of the
transactions contemplated by such Registration Statements impracticable.
<PAGE>
Please do not hesitate to contact the undersigned at
(212) 541-2069, Alan S. Pearce at (212) 541-2111, or Gary Wolff at
(212) 541-1107, with any questions you may have regarding the above.
Very truly yours,
/s/ Amy L. Katz
---------------------
Amy L. Katz
cc: Kim Mazur
Norman M. Kranzdorf
Gerald C. Finn
Alan S. Pearce
Gary Wolff
