UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. __)*
REALTY REFUND TRUST
(Name of Issuer)
SHARES OF BENEFICIAL INTEREST WITHOUT PAR VALUE
(Title of Class of Securities)
756125100
(CUSIP Number)
DANIEL BOCHNER
9480 CHARLEVILLE BOULEVARD, #18, BEVERLY HILLS, CALIFORNIA 90212
(310) 276-9444
(Name, Address and Telephone Number of
Person Authorized to Received Notices and Communications)
AUGUST 8, 1995
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the
following box /__/.
Check the following box if a fee is being paid with the statement /X/. (A
fee is not required only if the reporting 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.)
Note: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom
copies are to be sent.
* 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 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).<PAGE>
<PAGE>
SCHEDULE 13D
Continued
CUSIP No. 756125100 Page 2 of 4 Pages
1 Name Of Reporting Person
S.S. Or I.R.S. Identification No. Of Above Person
DANIEL BOCHNER, ###-##-####
2 Check The Appropriate Box If A Member Of A Group* (a) /__/
(b) /__/
3 SEC Use Only
4 Source Of Funds*
PF
5 Check Box If Disclosure Of Legal Proceedings Is Required Pursuant
To Items 2(d) Or 2(e) /__/
6 Citizenship Or Place Of Organization
UNITED STATES OF AMERICA
Number | 7 Sole Voting Power
|
of Shares | 79,200 SHARES
|
Beneficially | 8 Shared Voting Power
|
Owned By | 0 SHARES
|
Each | 9 Sole Dispositive Power
|
Reporting | 79,200 SHARES
|
Person | 10 Shared Dispositive Power
|
With | 0 SHARES
11 Aggregate Amount Beneficially Owned By Each Reporting Person
79,200 SHARES
12 Check Box If The Aggregate Amount In Row (11) Excludes Certain
Shares* /__/
13 Percent Of Class Represented By Amount In Row (11)
7.76 PERCENT
14 Type Of Reporting Person*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.<PAGE>
<PAGE>
SCHEDULE 13D
Continued
CUSIP No. 756125100 Page 3 of 4 Pages
Item 1. Security and Issuer
This Schedule 13D relates to the shares of beneficial interest
without par value ("Shares of Beneficial Interest") of Realty Refund Trust,
an Ohio corporation (the "Issuer"), whose principal executive offices are
located at 1385 Eaton Center, Cleveland, Ohio 44114.
Item 2. Identity and Background
(a) The name of the undersigned is Daniel Bochner.
(b) The address of the undersigned is 9480 Charleville
Boulevard, #18, Beverly Hills, California 90212.
(c) The undersigned's sole present occupation is as an investor.
(d) The undersigned has not, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) The undersigned has not, during the last five years, been a
party to a civil proceeding of a judicial or administrative body of
competent jurisdiction which resulted in or made it subject to a judgment,
decree or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws or
finding any violation with respect to such laws.
(f) The undersigned is a citizen of the United States of
America.
Item 3. Source and Amount of Funds or Other Consideration
The amount of funds or other consideration used in making the
purchases was $594,000.00, all of which came from personal funds.
Item 4. Purpose of Transaction
The purpose of the acquisition of the Shares of Beneficial
Interest was solely for investment.
Item 5. Interest in Securities of the Issuer
(a) The aggregate number of shares of Shares of Beneficial
Interest beneficially owned by the undersigned is 79,200, which represents
7.76% of all of the outstanding Shares of Beneficial Interest of the
Issuer.
(b) The undersigned has sole voting and dispositive power over
all of the Shares of Beneficial Interest beneficially owned by the
undersigned.<PAGE>
<PAGE>
SCHEDULE 13D
Continued
CUSIP No. 756125100 Page 4 of 4 Pages
(c) The following table sets forth information with respect to
all transactions by the undersigned of Shares of Beneficial Interest in the
last 60 days, all of which were effected on the open market:
Date of Purchase No. of Shares Price
================ ============= =====
08/08/95 3,000 $7.875
08/09/95 4,500 $7.750
08/21/95 7,000 $6.500
08/22/95 6,100 $6.250
08/24/95 1,500 $6.500
08/25/95 2,100 $5.875
08/30/95 2,000 $5.500
09/06/95 1,000 $5.875
09/07/95 1,000 $5.875
(d) No other person is known to have the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the
sale of, the Shares of Beneficial Interest owned by the undersigned.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
The undersigned has no contracts, arrangements, understandings or
relationships (legal or otherwise) with the Issuer.
Item 7. Material to Be Filed as Exhibits
No exhibits.
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.
Dated: October 3, 1995
/S/ DANIEL BOCHNER
---------------------------------------
DANIEL BOCHNER
