Exhibit Index Page 7
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. _______________)*
Continental Homes Holding Corp.
___________________________________________________________
(Name of Issuer)
Class A Common Stock
___________________________________________________________
(Title of Class of Securities)
21148C10
____________________________________________________________
(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).
<PAGE>
CUSIP NO. 894175108 13G
1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Aetna Inc.
151 Farmington Avenue
Hartford, CT 06156-3124 IRS Identification No. 02-0488491
______________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
N/A (a)_________
(b)_________
_____________________________________________________________________
3. SEC USE ONLY
______________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
______________________________________________________________________
5. SOLE VOTING POWER
379,100
________________________
NUMBER OF SHARES BENEFICIALLY
OWNED BY EACH REPORTING
PERSON WITH
6. SHARED VOTING POWER
0
________________________
7. SOLE DISPOSITIVE POWER
379,100
_______________________
8. SHARED DISPOSITIVE POWER
0
_______________________
______________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
379,100
________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* N/A
_________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.52%
__________________________________________________________________
12. TYPE OF REPORTING PERSON*
HC
__________________________________________________________________
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13G
Item 1(a). Name of Issuer:
Continental Homes Holding Corp.
Item 1(b). Address of Issuer's Principal Executive Offices:
7001 N. Scottsdale Rd.
Suite 2050
Scottsdale, AZ 85253
Item 2(a). Name of Person Filing:
Aetna Inc.
Item 2(b). Address of Principal Business Office or,
if none, Residence:
151 Farmington Avenue
Hartford, Connecticut 06156-3124
Item 2(c). Citizenship:
Connecticut
Item 2(d). Title of Class of Securities:
Class A Common
Item 2(e). CUSIP Number: 21448C10
Item 3. Statement filed pursuant to Rule 13d-1(c).
Item 4. Ownership.
(a). Amount Beneficially Owned
379,100
(b). Percent of Class:
5.52%
(c). Number of shares as to which such
person has:
(i) sole power to vote or to direct
the vote - 379,100
(ii) shared power to vote or to direct
the vote - 0
(iii) sole power to dispose or to
direct the disposition of - 379,100
(iv) shared power to dispose or to
direct the disposition of - 0
Item 5. Ownership of Five Percent or Less of a Class.
N/A
Item 6. Ownership of More than Five Percent on Behalf of
Another Person.
N/A
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By
the Parent Holding Company.
See Exhibit attached hereto.
Item 8. Identification and Classification of Members of the
Group.
N/A
Item 9. Notice of Dissolution of Group.
N/A
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 purposes or effect.
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.
February 13, 1998
_____________________
Date
s/Paige L. Falasco
________________________________________
Signature
Paige L. Falasco, Assistant Vice President and Assistant
Corporate Secretary
Name/Title
<PAGE>
EXHIBIT INDEX
Page No. Identification and Classification of the Subsidiary
8 Which Acquired the Security Being Reported on by the
Parent Holding Company
EXHIBIT
Identification of the Relevant Subsidiary
Aeltus Investment Management, Inc., a wholly owned
subsidiary of Aetna Inc., as investment adviser to mutual
funds which are generally offered by Aetna Inc. to investors.
