SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 7 )*
CENTRAL NEWSPAPERS, INC.
(Name of Issuer)
CLASS A COMMON STOCK
(Title of Class of Securities)
154647 10 1
(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 5 Pages
<PAGE>
CUSIP No. 154647 10 1
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Liberty Fund, Inc.
2. Check the appropriate box if a member of a group
3.
4. Citizenship or Place of Organization
Indiana
5. Sole Voting Power
1,169,400 shares--This is a correction for response in
Amendment No. 6
6. Shared Voting Power
-0-
7. Sole Dispositive Power
1,169,400 shares--This is a correction for response in
Amendment No. 6
8. Shared Dispositive Power
-0-
9. Aggregate Amount Beneficially Owned by each Reporting
Person
1,169,400 shares--This is a correction for response in
Amendment No. 6
10. Check box if the Aggregate Amount in Row (9) Excludes
Certain Shares
11. Percent of Class Represented by Amount in Row 9
5.0%--This is a correction for response in
Amendment No. 6
12. Type of Reporting Person
CO
Page 2 of 5 Pages
<PAGE>
ITEM 1(A). NAME OF ISSUER:
Central Newspapers, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
307 North Pennsylvania Street
Indianapolis, Indiana 46204
ITEM 2(A). NAME OF PERSON FILING:
Liberty Fund, Inc.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR, IF NONE,
RESIDENCE:
8335 Allison Pointe Trail, Suite 300
Indianapolis, Indiana 46250
ITEM 2(C). CITIZENSHIP:
Indiana
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Class A Common Stock
ITEM 2(E). CUSIP NUMBER:
154647 10 1
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B)
OR 13D-2(B):
Not Applicable
ITEM 4. OWNERSHIP:
ITEM 4(A). AMOUNT BENEFICIALLY OWNED:
1,169,400 shares--This is a correction for
response in Amendment No. 6
ITEM 4(B). PERCENT OF CLASS:
5.0%--This is a correction for response in
Amendment No. 6
Page 3 of 5 Pages
<PAGE>
ITEM 4(C). NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) sole power to vote or direct the vote:
1,169,400 shares--This is a correction for
response in Amendment No. 6
(ii) shared power to vote or to direct the vote:
-0- shares
(iii) sole power to dispose or to direct the
disposition of:
-0- shares
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Liberty Fund, Inc., has ceased to be the beneficial
owner of more than 5% of the Class A common stock--This
is a correction for response
in Amendment No. 6
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:
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:
Not Applicable
Page 4 of 5 Pages
<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.
Date: February 28, 1997 LIBERTY FUND, INC.
By: /S/ GEORGE MARTIN
George Martin, President
Page 5 of 5 Pages
