RJR NABISCO HOLDINGS CORP
SC 13D, 1998-12-22
COOKIES & CRACKERS
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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13D

                    Under the Securities Exchange Act of 1934
                               (Amendment No.__)*

                           RJR Nabisco Holdings Corp.
                                (Name of Issuer)

                                  Common Shares
                         (Title of Class of Securities)

                                   74960K 876
                                 (CUSIP Number)

                               Marc Weitzen, Esq.
                  Gordon Altman Butowsky Weitzen Shalov & Wein
                        114 West 47th Street, 20th Floor
                            New York, New York 10036
                                 (212) 626-0800

           (Name, Address and Telephone Number of Person Authorized to
                       Receive Notices and Communications)

                                December 16, 1998
             (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  that is the subject of this  Schedule  13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box / /.

NOTE:  Schedules  filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 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>



                                  SCHEDULE 13D

CUSIP No. 74960K 876

1        NAME OF REPORTING PERSON
                  High River Limited Partnership

         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON


2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                        (a) /X/
                                                                        (b) / /
3        SEC USE ONLY

4        SOURCE OF FUNDS*
                  WC

5        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
         PURSUANT TO ITEMS 2(d) or 2(e)                                     //

6        CITIZENSHIP OR PLACE OF ORGANIZATION
                  Delaware


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

         7        SOLE VOTING POWER
                           11,617,200

         8        SHARED VOTING POWER
                           0

         9        SOLE DISPOSITIVE POWER
                           11,617,200

         10       SHARED DISPOSITIVE POWER
                           0

11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                           11,617,200

12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
         SHARES*
                  //

13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                           3.6%

14       TYPE OF REPORTING PERSON*
                           PN




<PAGE>



                                  SCHEDULE 13D

CUSIP No. 74960K 876

1        NAME OF REPORTING PERSON
                  Riverdale LLC

         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON


2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                       (a) /X/
                                                                       (b) / /
3        SEC USE ONLY

4        SOURCE OF FUNDS*
                  WC

5        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
         PURSUANT TO ITEMS 2(d) or 2(e)                                  //

6        CITIZENSHIP OR PLACE OF ORGANIZATION
                  New York


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

         7        SOLE VOTING POWER
                           0

         8        SHARED VOTING POWER
                           11,617,200

         9        SOLE DISPOSITIVE POWER
                           0

         10       SHARED DISPOSITIVE POWER
                           11,617,200

11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                           11,617,200

12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
         SHARES*
                  //

13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                           3.6%

14       TYPE OF REPORTING PERSON*
                  OO




<PAGE>



                                  SCHEDULE 13D

CUSIP No. 74960K 876

1        NAME OF REPORTING PERSON
                  Carl C. Icahn

         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON


2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                       (a) /X/
                                                                       (b) / /
3        SEC USE ONLY

4        SOURCE OF FUNDS*
                  WC

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 OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

         7        SOLE VOTING POWER
                           0

         8        SHARED VOTING POWER
                           18,043,300

         9        SOLE DISPOSITIVE POWER
                           0

         10       SHARED DISPOSITIVE POWER
                           18,043,300

11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                           18,043,300

12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
         SHARES*
                  //

13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                           5.6%

14       TYPE OF REPORTING PERSON*
                  IN





<PAGE>



                                  SCHEDULE 13D

CUSIP No. 74960K 876

1                 NAME OF REPORTING PERSON American Real Estate Holdings L.P.

         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON


2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                       (a) /X/
                                                                       (b) / /
3        SEC USE ONLY

4        SOURCE OF FUNDS*
                  WC

5        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
         PURSUANT TO ITEMS 2(d) or 2(e)                                    //

6        CITIZENSHIP OR PLACE OF ORGANIZATION
                  Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

         7        SOLE VOTING POWER
                           6,426,100

         8        SHARED VOTING POWER
                           0

         9        SOLE DISPOSITIVE POWER
                           6,426,100

         10       SHARED DISPOSITIVE POWER
                           0

11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                           6,426,100

12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
         SHARES*
                  //

13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                           2.0%

14       TYPE OF REPORTING PERSON*
                  PN




<PAGE>



                                  SCHEDULE 13D

CUSIP No. 74960K 876

1                 NAME OF REPORTING PERSON American Real Estate Partners, L.P.

         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON


2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) /X/
                                                                         (b) / /
3        SEC USE ONLY

4        SOURCE OF FUNDS*
                  WC

5        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
         PURSUANT TO ITEMS 2(d) or 2(e)                                      //

6        CITIZENSHIP OR PLACE OF ORGANIZATION
                  Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

         7        SOLE VOTING POWER
                           0

         8        SHARED VOTING POWER
                           6,426,100

         9        SOLE DISPOSITIVE POWER
                           0

         10       SHARED DISPOSITIVE POWER
                           6,426,100

11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                           6,426,100

12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
         SHARES*
                  //

13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                           2.0%

14       TYPE OF REPORTING PERSON*
                  PN




<PAGE>



                                  SCHEDULE 13D

CUSIP No. 74960K 876

1                 NAME OF REPORTING PERSON American Property Investors, Inc.

         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON


2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) /X/
                                                                         (b) / /
3        SEC USE ONLY

4        SOURCE OF FUNDS*
                  WC

5        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
         PURSUANT TO ITEMS 2(d) or 2(e)                                      //

6        CITIZENSHIP OR PLACE OF ORGANIZATION
                  Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

         7        SOLE VOTING POWER
                           0

         8        SHARED VOTING POWER
                           6,426,100

         9        SOLE DISPOSITIVE POWER
                           0

         10       SHARED DISPOSITIVE POWER
                           6,426,100

11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                           6,426,100

12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
         SHARES*
                  //

13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                           2.0%

14       TYPE OF REPORTING PERSON*
                  CO




<PAGE>



                                  SCHEDULE 13D

CUSIP No. 74960K 876

1        NAME OF REPORTING PERSON
                  Beckton Corp.

         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON


2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                        (a) /X/
                                                                        (b) / /
3        SEC USE ONLY

4        SOURCE OF FUNDS*
                  WC

5        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
         PURSUANT TO ITEMS 2(d) or 2(e)                                     //

6        CITIZENSHIP OR PLACE OF ORGANIZATION
                  Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

         7        SOLE VOTING POWER
                           0

         8        SHARED VOTING POWER
                           6,426,100

         9        SOLE DISPOSITIVE POWER
                           0

         10       SHARED DISPOSITIVE POWER
                           6,426,100

11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                           6,426,100

12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
         SHARES*
                  //

13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                           2.0%

14       TYPE OF REPORTING PERSON*
                  CO




<PAGE>



                                  SCHEDULE 13D

Item 1.  Security and Issuer

         This  Schedule  13D relates to the common  shares,  par value $0.01 per
share (the "Shares"), of RJR Nabisco Holdings Corp., a Delaware corporation (the
"Issuer").  The address of the principal executive offices of the Issuer is 1301
Avenue of the Americas, New York, New York 10019.


Item 2.  Identity and Background

         The persons filing this statement are High River Limited Partnership, a
Delaware limited  partnership ("High River"),  Riverdale LLC, a New York limited
liability company  ("Riverdale"),  Carl C. Icahn, a citizen of the United States
of America,  American Real Estate Holdings L.P., a Delaware limited  partnership
("AREH"),  American Real Estate Partners,  L.P., a Delaware limited  partnership
("AREP"),  American Property Investors, Inc. ("American Property"),  and Beckton
Corp., a Delaware corporation ("Beckton") (collectively, the "Registrants"). The
principal  business  address  and the  address  of the  principal  office of the
Registrants  is 100 South Bedford Road,  Mount Kisco,  New York 10549,  with the
exception  of Carl C.  Icahn,  whose  principal  business  address  is c/o Icahn
Associates Corp., 767 Fifth Avenue, 47th Floor, New York, New York 10153.

         Riverdale is the general partner of High River and is 100 percent owned
by Carl C. Icahn. American Property is the general partner of both AREH and AREP
and AREP is a limited  partner of AREH owning  100% of the  limited  partnership
interests  therein.  American  Property is 100 percent owned by Beckton which is
100 percent owned by Carl C. Icahn.

         High  River is  primarily  engaged  in the  business  of  investing  in
securities. Riverdale is primarily engaged in the business of owning real estate
and acting as general partner of High River.  Carl C. Icahn's present  principal
occupation  or  employment  is acting as  President  and a Director  of Starfire
Holding Corporation, a Delaware corporation ("Starfire"), and as the Chairman of
the Board and  Director of various of  Starfire's  subsidiaries,  including  ACF
Industries,  Incorporated,  a New Jersey corporation  ("ACF").  Starfire,  whose
principal  business  address is 100 South  Bedford Road,  Mount Kisco,  New York
10549,  is  primarily  engaged in the  business of holding,  either  directly or
through  its  subsidiaries,  a  majority  of the  common  stock  of ACF.  ACF is
primarily engaged in the business of leasing, selling and manufacturing railroad
freight and tank cars. AREP is a master limited partnership primarily engaged in
the business of acquiring  and managing real estate  investments  with a primary
focus on office, retail, industrial,


<PAGE>



hotel  and  residential  properties.  AREP's  business  is  conducted  through a
subsidiary limited partnership, AREH, in which AREP owns more than a 99% limited
partnership interest.  American Property is primarily engaged in the business of
acting as the general partner for AREH and AREP. Beckton is primarily engaged in
the business of wholly owning American  Property,  which is wholly-owned by Carl
C. Icahn.

         The name,  citizenship,  present principal occupation or employment and
business  address of each member of Riverdale  and each  director and  executive
officer of  American  Property  and  Beckton is set forth in Schedule A attached
hereto.

         Carl C. Icahn is the sole member of Riverdale and owns 100% of
the interests therein.  Carl C. Icahn is the sole stockholder and
director of Beckton.  As such, Mr. Icahn is in a position directly
and indirectly to determine the investment and voting decisions
made by the Registrants.

         Neither High River, Riverdale, Mr. Icahn, AREH, AREP, American
Property, Beckton, nor any executive officer or director of any of
the Registrants, has, during the past five years, (a) been



<PAGE>



convicted in a criminal  proceeding  (excluding  traffic  violations  or similar
misdemeanors),  or (b)  been a party  to a civil  proceeding  of a  judicial  or
administrative body of competent jurisdiction and as a result of such proceeding
was or is  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 a finding of any violation with respect to such laws.


Item 3.  Source and Amount of Funds or Other Consideration

         The aggregate  purchase price of the 18,043,300 Shares purchased by the
Registrants was $477,403,498.37  (including commissions).  The source of funding
for the purchase of these Shares was general working capital of the Registrants.

ITEM 4.  PURPOSE OF TRANSACTION

Registrants  have  acquired  the  Shares  because  they  believe  that  they are
underpriced  compared to their intrinsic  value.  Registrants  believe that such
additional value would be reflected in the marketplace following a separation of
the Nabisco food business and the Issuer's  tobacco  business,  resulting from a
spin off, which  Registrants  favor, of Issuer's holdings in Nabisco to Issuer's
shareholders.

From  time to time  Representatives  of  Registrants  have met with or spoken to
Steven Goldstone,  Chief Executive Officer of Issuer, to make known Registrants'
views  concerning  the course  which  they  believe  that  Issuer  should  take.
Registrant's  expressed the belief that Nabisco should be spun-off at this time.
Registrants  stated  that any  argument  that a spinoff  would be a  "fraudulent
conveyance"   should  now  be  moot  because  of  the  recent  tobacco  business
settlements with the States. Mr. Goldstone stated he definitely  believes that a
separation  of the food and the  tobacco  business  should  take  place  and was
currently  considering several ways to accomplish this.  However,  Mr. Goldstone
stated that he was not convinced  that a spin-off of Nabisco was  practicable at
this time.

Registrants  currently  plan, but are not committed to having a proxy fight if
the Nabisco  holdings is not spun-off before the next annual meeting of Issuer's
shareholders in order to elect directors who would favorably  consider a spinoff
of the Nabisco holdings.  In that connection,  Registrants have and may continue
to speak  with  third  parties,  some of whom  have  contacted  Registrants.  No
agreements,  arrangements or understandings have been reached as a result of any
of such conversations.

Depending upon the market price thereof and upon other  conditions,  Registrants
may acquire additional Shares from time to time in the open market or otherwise.
In addition, depending upon market prices and other conditions,  Registrants may
dispose  of the  Shares at any time and from time to time in the open  market or
otherwise at prices which Registrants may determine.


<PAGE>




Item 5.           Interest in Securities of the Issuer

         (a) As of the close of business on December 18, 1998,  Registrants  may
be deemed to beneficially own, in the aggregate, 17,553,300 Shares, representing
approximately   5.4%  of  the  Issuer's   outstanding  Shares  (based  upon  the
324,821,028 Shares stated to be outstanding as of October 30, 1998 by the Issuer
in the  Issuer's  Form 10-Q  filing,  filed  with the  Securities  and  Exchange
Commission on November 12, 1998).

         (b) High River has sole voting  power and sole  dispositive  power with
regard to  11,617,200  Shares.  Riverdale  has  shared  voting  power and shared
dispositive power with regard to 11,617,200  Shares.  AREH has sole voting power
and sole  dispositive  power with regard to  6,246,100  shares.  AREP has shared
voting  power and shared  dispositive  power with  regard to  6,246,100  shares.
American  Property  has shared  voting power and shared  dispositive  power with
regard  to  6,246,100  shares.  Beckton  has  shared  voting  power  and  shared
dispositive  power with  regard to  6,246,100  shares.  Carl C. Icahn has shared
voting power and shared dispositive power with regard to 18,043,300 Shares.

         Riverdale and Mr. Icahn, by virtue of their relationships to
High River (as disclosed in Item 2), may be deemed to beneficially
own (as that term is defined in Rule 13d-3 under the Act) the



<PAGE>



Shares which High River directly  beneficially  owns.  Each of Riverdale and Mr.
Icahn  disclaims  beneficial  ownership  of such Shares for all other  purposes.
Beckton, American Property, AREP and Mr. Icahn, by virtue of their relationships
to AREH (as disclosed in Item 2), may be deemed to beneficially own (as the term
is defined in Rule 13d-3 under the Act) the shares which AREH beneficially owns.
Each of Beckton,  American  Property,  AREP and Mr. Icahn  disclaims  beneficial
ownership of such shares for all other purposes.

         (c) The  following  table sets forth all  transactions  with respect to
Shares effected during the past sixty (60) days by any of the  Registrants.  All
such transactions were effected in the open market, the table excludes
commissions paid.

                                             No. of Shares             Price
 NAME                       DATE             PURCHASED                 PER SHARE

 High River                 12/9/98          140,000                   $28.2500

 High River                 12/10/98         763,500                   $28.265

 High River                 12/11/98         415,000                   $28.1633

 High River                 12/14/98         585,400                   $28.6827

 High River                 12/15/98          10,000                   $28.500

 AREH                       10/12/98         195,700                   $26.3416

 AREH                       10/13/98         235,000                   $26.0431

 AREH                       10/14/98         210,000                   $26.0460

 AREH                       10/15/98         40,000                    $25.7344

 AREH                       10/16/98         200,000                   $25.7775

 AREH                       10/18/98         35,000                    $25.4966

 AREH                       10/20/98         200,000                   $25.078

 AREH                       10/21/98         50,000                    $24.7375

 AREH                       10/22/98         100,000                   $24.575

 AREH                       10/23/98         55,500                    $25.232

 AREH                       10/26/98         44,500                    $24.8385

 AREH                       10/27/98         100,000                   $24.4663

 AREH                       10/28/98         75,000                    $25.2917




<PAGE>



 AREH                       12/1/98          148,400                    $28.9497

 AREH                       12/2/98          148,800                    $28.8750

 AREH                       12/3/98          350,000                    $28.6238

 AREH                       12/4/98          270,100                    $28.7892

 AREH                       12/7/98          245,000                    $28.4379

 AREH                       12/8/98          495,100                    $28.2584

 AREH                       12/16/98         637,000                    $28.527

 AREH                       12/17/98         470,000                    $28.1277

 AREH                       12/18/98         500,000                    $27.8868

 AREH                       12/21/98         450,000                    $28.228

 AREH                       12/22/98          40,000                    $28.375

Item 6.           Contracts, Arrangements, Understandings or Relationship
                  with Respect to Securities of the Issuer

         Except as  described  herein,  neither any of the  Registrants  nor any
person  referred  to  in  Schedule  A  attached   hereto,   has  any  contracts,
arrangements,  understandings  or  relationships  (legal or otherwise)  with any
person with respect to any  securities of the Issuer,  including but not limited
to the  transfer  or  voting  of any of the  securities,  finder's  fees,  joint
ventures,  loan or option  arrangements,  puts or calls,  guarantees of profits,
division of profits or losses, or the giving or withholding of proxies.


Item 7.           Material to be Filed as Exhibits

1.       Joint Filing Agreement of the Registrants






<PAGE>



                                    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.

Dated: December __, 1998




HIGH RIVER LIMITED PARTNERSHIP

By:      RIVERDALE LLC,
         General Partner


         By:      /S/ CARL C. ICAHN
                  Name:  Carl C. Icahn
                  Title: Member




RIVERDALE LLC


By:      /S/ CARL C. ICAHN
         Name:  Carl C. Icahn
         Title: Member




American Real Estate Holdings L.P.

By:      American Property Investors, Inc.,
         General Partner


         By:      /S/ CARL C. ICAHN
                  Name:  Carl C. Icahn
                  Title: Director, Chairman of the Board




American Real Estate Partners, L.P.


By:      American Property Investors, Inc.,
         General Partner




<PAGE>



         By:      /S/ CARL C. ICAHN
         Name:  Carl C. Icahn
         Title: Director, Chairman of the Board




American Property Investors, Inc.


By:      /S/ CARL C. ICAHN
         Name: CARL C. ICAHN
         Title: Director, Chairman of the Board




Beckton Corp.


By:      /S/ CARL C. ICAHN
         Name: CARL C. ICAHN
         Title: Sole Director, Chairman of the Board




/S/ CARL C. ICAHN
CARL C. ICAHN








[Signature Page of Schedule 13D with respect to RJR Nabisco Holdings Corp.]



<PAGE>



                                   SCHEDULE A

               DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANTS


         Name, Business Address and Principal Occupation of Each Member
         of Riverdale and Each Director of American Property and
         Beckton.


         The following sets forth the name,  position,  and principal occupation
of each member of Riverdale,  American Property and Beckton. Each such person is
a citizen of the United States of America.  Except as otherwise  indicated,  the
business address of each director and officer is c/o Icahn Associates Corp., 767
Fifth Avenue,  47th Floor, New York, New York 10153. To the best of Registrants'
knowledge,  except as set forth in this  statement on Schedule  13D, none of the
directors or executive officers of the Registrants own any shares of the Issuer.

RIVERDALE LLC


 NAME                  POSITION

 Carl C. Icahn         Member



AMERICAN PROPERTY INVESTORS, INC.


 NAME                  POSITION                    BUSINESS ADDRESS

 Carl C. Icahn         Director, Chairman
                       of the Board

 Alfred D. Kingsley    Director                    Greenway Partners
                                                   277 Park Avenue
                                                   27th Floor
                                                   New York, NY 10017

 William A.            Director                   American Real Estate Partners
 Leidesdorf                                       100 South Bedford Road
                                                  Mt. Kisco, NY 10549

 Jack G. Wasserman     Director                   Wasserman, Schneider & Babb
                                                  111 Broadway
                                                  19th Floor
                                                  New York, NY 10006

 John P. Saldarelli    Vice President,             American Real Estate Partners
                       Secretary and               100 South Bedford Road
                       Treasurer                   Mt. Kisco, NY 10549



<PAGE>




 H.J. Gerard           Vice President and         American Real Estate Partners
                       Controller                 100 South Bedford Road
                                                  Mt. Kisco, NY 10549

 Martin Hirsch         Vice President

 Gail Golden           Assistant Secretary





BECKTON CORP.


 NAME                  POSITION

 Carl C. Icahn         Director, Chairman
                       of the Board

 Edward E. Mattner     President, Treasurer
                       and Secretary









<PAGE>




                                                                 EXHIBIT 1


                                    JOINT FILING AGREEMENT

         In accordance  with Rule 13d-1(f) under the Securities  Exchange Act of
1934, as amended, the persons named below agree to the joint filing on behalf of
each of them of a statement on Schedule 13D (including  amendments thereto) with
respect to the common stock,  par value $.01 per share, of RJR Nabisco  Holdings
Corp.,  and further  agree that this Joint  Filing  Agreement  be included as an
Exhibit to such joint filings. In evidence thereof, the undersigned,  being duly
authorized,  have  executed  this  Joint  Filing  Agreement  this  ___th  day of
December, 1998.




HIGH RIVER LIMITED PARTNERSHIP

By:      RIVERDALE LLC,
         General Partner


         By:      /S/ CARL C. ICAHN
                  Name:  Carl C. Icahn
                  Title: Member




RIVERDALE LLC


By:      /S/ CARL C. ICAHN
         Name:  Carl C. Icahn
         Title: Member




American Real Estate Holdings L.P.

By:      American Property Investors, Inc.,
         General Partner


         By:      /S/ CARL C. ICAHN
                  Name:  Carl C. Icahn
                  Title: Director, Chairman of the Board






<PAGE>


American Real Estate Partners, L.P.


By:      American Property Investors, Inc.,
         General Partner


         By:      /S/ CARL C. ICAHN
         Name:  Carl C. Icahn
         Title: Director, Chairman of the Board




American Property Investors, Inc.


By:      /S/ CARL C. ICAHN
         Name: CARL C. ICAHN
         Title: Director, Chairman of the Board




Beckton Corp.


By:      /S/ CARL C. ICAHN
         Name: CARL C. ICAHN
         Title: Sole Director, Chairman of the Board




/S/ CARL C. ICAHN
CARL C. ICAHN








            [Joint Filing Agreement for Schedule 13D with respect to
                           RJR Nabisco Holdings Corp.]




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