UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
REALTY REFUND TRUST
(Name of Issuer)
SHARES OF BENEFICIAL INTEREST WITHOUT PAR VALUE
(Title of Class of Securities)
756125100
(CUSIP Number)
DAN Z. 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)
DECEMBER 6, 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 |__|. (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>
AMENDMENT NO. 1 TO 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
DAN Z. 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 | 132,300 SHARES
|
Beneficially | 8 Shared Voting Power
|
Owned By | 0 SHARES
|
Each | 9 Sole Dispositive Power
|
Reporting | 132,300 SHARES
|
Person | 10 Shared Dispositive Power
|
With | 0 SHARES
11 Aggregate Amount Beneficially Owned By Each Reporting Person
132,300 SHARES
12 Check Box If The Aggregate Amount In Row (11) Excludes Certain
Shares* |__|
13 Percent Of Class Represented By Amount In Row (11)
12.96 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>
AMENDMENT NO. 1 TO SCHEDULE 13D
Continued
CUSIP No. 756125100 Page 3 of 4 Pages
Item 3. Source and Amount of Funds or Other Consideration
The total amount of funds or other consideration used purchasing
the aggregate number of shares of Shares of Beneficial Interest
beneficially owned by the undersigned was $882,747, all of which came from
personal funds.
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 132,300, which represents
12.96% of all of the outstanding Shares of Beneficial Interest of the
Issuer.
(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:
Date of Purchase No. of Shares Price
================ ============= =====
10/25/95 1,000 $4.750
10/27/95 1,000 $4.750
10/30/95 1,000 $4.875
11/01/95 1,000 $5.125
11/14/95 1,000 $4.625
11/16/95 2,000 $4.750
11/17/95 2,100 $4.875
11/20/95 1,000 $4.875
11/21/95 1,000 $5.000
11/22/95 1,000 $5.000
11/29/95 1,000 $4.750
12/01/95 1,000 $4.875
12/06/95 2,000 $4.625
12/07/95 1,700 $4.625
12/13/95 3,000 $4.625
12/15/95 2,500 $4.750
12/20/95 2,000 $5.000
12/22/95 7,000 $8.500
12/27/95 2,000 $4.875
12/28/95 2,000 $4.750
12/28/95 1,000 $4.875
12/28/95 1,000 $5.000
12/28/95 1,000 $5.125
12/29/95 1,000 $5.250
12/29/95 1,000 $5.375
12/29/95 900 $5.500
12/29/95 900 $5.625
All of the above transactions were effected on the open market except for
the purchase on December 22, 1995, which was purchased from Dr. Zippora
Williams pursuant to an agreement whereby the undersigned agreed to
purchase said stock for such price.<PAGE>
<PAGE>
AMENDMENT NO. 1 TO SCHEDULE 13D
Continued
CUSIP No. 756125100 Page 4 of 4 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.
Dated: January 4, 1996
/S/ DAN Z. BOCHNER
---------------------------------------
DAN Z. BOCHNER
