SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ____)*
Clarion Commercial Holdings, Inc.
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
18051W109
(CUSIP Number)
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).
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[X ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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.)
<PAGE>
CUSIP No. 18051W109
1 NAME OF REPORTING PERSON
Millenco L.P.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5 SOLE VOTING POWER
364,800
6 SHARED VOTING POWER
0
7 SOLE DISPOSITIVE POWER
364,800
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
364,800
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
/ /
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.5%
12 TYPE OF REPORTING PERSON*
BD
<PAGE>
Item 1.
(a) Name of Issuer:
Clarion Commercial Holdings, Inc.
(b) Address of Issuer's Principal Executive Offices:
335 Madison Avenue
New York, NY 10017
Item 2. Name of Person Filing
(a) Name of Person Filing:
Millenco L.P.
(b) Address of Principal Office:
666 5th Avenue
New York, New York 10103
(c) Citizenship:
Delaware
(d) Title of Class of Securities:
Class A Common Stock
(e) CUSIP Number:
18051W109
<PAGE>
Item 3. If Statement is filed pursuant to Rules 13(d)-1(b) or
13d-2(b), check whether Person Filing is a:
(a) /X/ 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 Advisers Act of 1940
(f) / / Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee
Retirement Income Security Act of 1974 or
Endowment Fund; see 240.13d-1(b)(1)(ii)(F)
(g) / / Parent Holding Company, in accordance with
240.13d-1(b)(1)(ii)(G) (Note: See Item 7)
(h) / / Group, in accordance with 240.13d-1(b)(1)(ii)
(H)
Item 4. Ownership.
The information in Items 1 and 5 through 11 in the cover page
(page 2) hereof is hereby incorporated by reference.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following / /.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Not applicable.
Item 7. Identification and Classification of Members of the Subsidiary Which
Acquired the Securities Being Reported on by the Parent Holding
Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my
<PAGE>
knowledge and belief, the securities referred to above were
acquired in the ordinary course of business and were not
acquired and are held for the purpose of or with the effect of
changing or influencing the control of the issuer of the
securities and were not acquired and are not held 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.
Millenco L.P.
By: Millennium Management, L.L.C.
General Partner
By: /s/ Terry Feeney
-----------------------
Terry Feeney
Chief Administrative Officer
Date: February 9, 2000
