CROWN RESOURCES CORP
SC 13G, 1997-02-21
GOLD AND SILVER ORES
Previous: RELIASTAR FINANCIAL CORP, PRE 14A, 1997-02-21
Next: OPTICAL SECURITY GROUP INC, 8-K/A, 1997-02-21






                                UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549


                                 SCHEDULE 13G

                  UNDER THE SECURITIES EXCHANGE ACT OF 1934

                             (AMENDMENT NO.____)*

                           Crown Resources Corp. DU
- ----------------------------------------------------------------------
                               (Name of Issuer)

                                 Common Stock
- ----------------------------------------------------------------------
                         (Title of Class Securities)

                                  #228569109
                    -----------------------------------
                                (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).


                       (Continued on following page(s))

                                Page 1 of 9

CUSIP NO.  228569109 
           -----------

                           13G PAGE 2   OF 9  PAGES
                                   ----   ----


1      NAME OF REPORTING PERSON
       S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Dean Witter, Discover & Co.
       IRS No. 36-3145972
2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*              (a) / /
       Not Applicable                                                 (b) / /

3      SEC USE ONLY
4      CITIZENSHIP OR PLACE OF ORGANIZATION
       Delaware


     NUMBER OF    5      SOLE VOTING POWER
       SHARES
    BENEFICIALLY  6      SHARED VOTING POWER
      OWNED BY           709,518 **
       EACH       7      SOLE DISPOSITIVE POWER
     REPORTING   
      PERSON      8      SHARED DISPOSITIVE POWER
       WITH              709,518 **



9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                                          709,518 **
10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*/ /

11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                                           5.38% **

12     TYPE OF REPORTING PERSON*
                                              HC


                            ** SEE NOTE ON PAGE 6!

CUSIP NO.  228569109  
           -----------

                           13G PAGE 3   OF 9  PAGES
                                    ----   ----


1      NAME OF REPORTING PERSON
       S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Dean Witter InterCapital Inc.
       IRS No. 13-3680016

2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*              (a) / /
       Not Applicable                                                 (b) / /
3      SEC USE ONLY
4      CITIZENSHIP OR PLACE OF ORGANIZATION
       Delaware


     NUMBER OF    5      SOLE VOTING POWER
       SHARES
    BENEFICIALLY  6      SHARED VOTING POWER
      OWNED BY           709,518 **
       EACH       7      SOLE DISPOSITIVE POWER
     REPORTING   
      PERSON      8      SHARED DISPOSITIVE POWER
       WITH              709,518 **


9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                                          709,518 **
10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*/ /

11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                                           5.38% **
12     TYPE OF REPORTING PERSON*
                                              IA


                            ** SEE NOTE ON PAGE 6!

CUSIP NO.  228569109 
           -----------

                            13G PAGE 4  OF 9 PAGES
                                    ---   ---


1      NAME OF REPORTING PERSON
       S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Dean Witter Reynolds Inc.
       IRS No. 94-1671384
2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*              (a) / /
       Not Applicable.                                                (b) / /
3      SEC USE ONLY

4      CITIZENSHIP OR PLACE OF ORGANIZATION
       Delaware


     NUMBER OF    5      SOLE VOTING POWER
       SHARES
    BENEFICIALLY  6      SHARED VOTING POWER
      OWNED BY           709,518 **
       EACH       7      SOLE DISPOSITIVE POWER
     REPORTING   
      PERSON      8      SHARED DISPOSITIVE POWER
       WITH              709,518 **


9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                                          709,518 **

10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*/ /

11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                                           5.38% **
12     TYPE OF REPORTING PERSON*
                                              BD


                            ** SEE NOTE ON PAGE 6!

                                 Schedule 13G
                               ------------

Issuer:        Crown Resources Corp. DU
CUSIP NO.:     228569109

ITEM 1.
  (a)     Name of Issuer
          Crown Resources Corp. DU

  (b)     Address of Issuer's Principal Executive Offices
          1675 Broadway
          Suite 2400
          Denver, CO 80202

ITEM 2.
  (a)     Name of Person Filing
          (1) Dean Witter, Discover & Co.
          (2) Dean Witter InterCapital Inc.
          (3) Dean Witter Reynolds Inc.

  (b)     Address of Principal Business Office or, if none, Residence
          (1) Two World Trade Center, New York, NY 10048
          (2) Two World Trade Center, New York, NY 10048
          (3) Two World Trade Center, New York, NY 10048

  (c)     Citizenship
          (1) Delaware
          (2) Delaware
          (3) Delaware

  (d)     Title of Class of Securities
          Common Stock, Class A

  (e)     CUSIP Number
          228569109

ITEM 3. IF  THIS STATEMENT IS FILED  PURSUANT TO RULE 13D-1(B),  OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS A:

  (a)     / /Broker or Dealer registered under Section 15 of the Act
  (b)     / /Bank as defined in section 3(a)(6) of the Act
  (c)     / /Insurance Company as defined in section 3(a)(19) of the Act
  (d)     / /Investment Company registered under section 8 of the Investment
             Company Act
  (e)     / /Investment Adviser registered under section 203 of the
             Investment Advisors Act of 1940
  (f)     / /Employee Benefit Plan, Pension Fund which is subject to the
             provision of the Employee Retirement Income Security Act of 1974
             or Endowment Fund; see Section240.13d-1(b)(1)(ii)(F)
  (g)     /x/Parent Holding Company, in accordance with Section240.13d
             -1(b)(1)(ii)(G) (Note: See Item 7)
  (h)     / /Group, in accordance with Section240.13d-1(b)(1)(ii)(H)

                              Page 5 of 9 Pages



ITEM 4. OWNERSHIP

  (a)     Amount Beneficially Owned
          709,518 **                       
     --------------------------------------

  (b)     Percent of Class
          5.38% **                         
     --------------------------------------

  (c)     Number of shares as to which such person has:
          (i)  sole power to vote or to direct the vote
                                                                     
               ------------------------------------------------------
          (ii) shared power to vote or to direct the vote
                    709,518 **                                   
               --------------------------------------------------
          (iii)     sole power to dispose or to direct the disposition of
                                                                     
               ------------------------------------------------------

          (iv) shared power to dispose or to direct the disposition of
                    709,518 **                                   
               --------------------------------------------------

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
          Not Applicable.

ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
          Not Applicable.

ITEM 7.   IDENTIFICATION AND CLASSIFICATION OF  THE SUBSIDIARY WHICH ACQUIRED
          THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY

          Dean  Witter InterCapital Inc.  ("DWI") is a  registered Investment
Adviser.

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
          Not Applicable.

ITEM 9. NOTICE OF DISSOLUTION OF GROUP
          Not Applicable.


_____________________________
**   DWI is  the Investment Adviser for  various mutual funds deemed  to have
beneficial ownership of the shares reported herein:

     DWI, Dean Witter Reynolds Inc. and Dean Witter, Discover & Co.  disclaim
beneficial ownership of the shares reported herein.

                              Page 6 of 9 Pages



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.


                                   SIGNATURE

          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, 1997
                                        ------------------------------
                                        Date


                                             /s/ Barry Fink
                                        ------------------------------
                                        Signature


                                        ------------------------------
                                        Barry Fink, First Vice President and
                                         Assistant Secretary
                                        Dean Witter InterCapital Inc. on
                                         behalf of:


                                             Dean Witter, Discover & Co.
                                             Dean Witter InterCapital Inc.
                                             Dean Witter Reynolds Inc.

                              Page 7 of 9 Pages



                              INDEX TO EXHIBITS
                             -----------------



Exhibit A      Joint Filing Agreement dated February 11, 1994

                              Page 8 of 9 Pages




                            JOINT FILING AGREEMENT

     As permitted by  Rule 13d-1(f) under the Securities  and Exchange Act of
1934,  Dean Witter  Reynolds Inc.,  Dean Witter  InterCapital Inc.,  and Dean
Witter, Discover & Co. (the "Companies") hereby agree to the joint  filing of
Statements on Schedule 13G, including amendments thereto ("Statements"), with
respect to the equity securities  of all issuers acquired  by one or more  of
the Companies provided that each Company on whose behalf a Statement is filed
remains at the time of filing individually  eligible to use Schedule 13G with
respect to  the securities to  be reported therein. Notwithstanding  the fact
that the  Companies may make joint  filings pursuant to this  agreement, each
shall remain individually responsible for the timely filing of Statements and
for the completeness and accuracy  of the information concerning such Company
contained  therein; provided, however,  that such Company  is not responsible
for  the completeness  or accuracy  of the  information concerning  the other
Companies  making the  filing, unless  such Company  knows or  has  reason to
believe that such information is inaccurate. Each statement filed pursuant to
this  agreement shall identify  the Companies  on whose  behalf it  is filed,
shall contain the  information required by  Schedule 13G with regard  to each
such Company, and  shall indicate that such  Statement is filed on  behalf of
such Companies. This agreement shall be filed as an exhibit to each Statement
filed  in reliance  thereon or,  to the  extent permissible  under applicable
rules, incorporated by reference as part of said Statement.

     The Companies  represent that,  although Dean  Witter Reynolds  Inc. and
Dean Witter  InterCapital Inc. are under  control of Dean  Witter, Discover &
Co., these Companies  do not  act in  concert for the  purpose of  acquiring,
holding, voting  or disposing of the  equity securities of issuers,  and make
all  such  determinations  in  accordance  with  their  own  respective  best
interests  or  the best  interests  of their  clients,  as the  case  may be.
Accordingly, the Companies do not believe that they constitute a group within
the meaning of Rule 13d-5(b)(1).

     Each of Dean Witter, Discover & Co.,  Dean Witter InterCapital Inc., and
Dean Witter  Reynolds Inc., hereby  expressly declare that the  filing of any
Statement permitted hereby shall not be construed as an admission that any of
said Companies  is,  for  the  purpose  of Section  13(d)  or  13(g)  of  the
Securities Act of  1934, the  beneficial owner of  any securities covered  by
such Statement, unless otherwise expressly noted in such Statements.

     This agreement  shall remain in full force and  effect until one or more
of the Companies  notifies the other Companies  that it no longer  desires to
make joint filings as permitted hereunder or until such time as the Companies
agree to terminate this agreement.

     In  evidence thereof,  the undersigned,  being  duly authorized,  hereby
execute this agreement this 11th     day of February 1994.

                                   DEAN WITTER REYNOLDS INC.

                                   By:  /S/ MICHAEL T. GREGG               
                                        -----------------------------------


                                        Michael T. Gregg
                                        Senior Vice President


                                   DEAN WITTER INTERCAPITAL INC.

                                   By:  /S/ SHELDON CURTIS                 
                                        -----------------------------------
                                        Sheldon Curtis
                                        Senior Vice President



                                   DEAN WITTER, DISCOVER & CO.

                                   By:  /S/ RONALD T. CARMAN               
                                        -----------------------------------
                                        Ronald T. Carman
                                        Senior Vice President

                              Page 9 of 9 Pages


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission