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| FORM 4 | U.S. SECURITIES AND EXCHANGE COMMISSION
+--------+ WASHINGTON, D.C. 20549
[_] Check this box if
no longer subject STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
to Section 16.
Form 4 or Form 5 Filed pursuant to Section 16(a) of the Securities
obligations may Exchange Act of 1934, Section 17(a) of the
continue. See Public Utility Holding Company Act of 1935 or
Instruction 1(b). Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person*
SUNDANCE ASSETS, L.P.
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(Last) (First) (Middle)
1400 SMITH STREET
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(Street)
HOUSTON TEXAS 77002
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol CROWN ENERGY CORPORATION (CROE)
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3. IRS or Identification Number of Reporting Person if an entity
(Voluntary)
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4. Statement for Month/Year 2/99
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director [ ] Officer [X] 10% Owner [ ] Other
(give title below) (specify below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
TABLE I--NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
<TABLE>
<CAPTION>
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1. Title 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
of action action or Disposed of (D) Securities ship of In-
Security Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. 3) (Month/ (Instr. 8) Owned at Direct Bene-
Day/ ----------------------------------------------- End of (D) or ficial
Year) Month Indirect Owner-
Code V Amount (A) or Price (Instr. 3 and 4) (I) ship
(D) (Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON STOCK 2/02/1999 J 317,069 A 317,069(1)(2) D
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(PRINT OR TYPE RESPONSES)
<PAGE>
FORM 4 (continued)
TABLE II--DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv-
Security (Instr. 3) sion or action tion Code ative Securities
Exercise Date (Instr. 8) Acquired (A) or
Price of (Month/ Disposed of (D)
Deriv- Day/ (Instr. 3, 4, and 5)
ative Year)
Security
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Code V (A) (D)
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<S> <C> <C> <C> <C> <C> <C>
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</TABLE>
TABLE II--DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)--CONTINUED
<TABLE>
<CAPTION>
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6. Date Exer- 7. Title and Amount of 8. Price 9. Number 10. Owner- 11. Na-
cisable and Underlying Securities of of Deriv- ship ture
Expiration (Instr. 3 and 4) Deriv- ative Form of In-
Date ative Secur- of De- direct
(Month/Day/ Secur- ities rivative Bene-
Year) ity Bene- Secu- ficial
(Instr. ficially rity: Owner-
-------------------------------------------- 5) Owned Direct ship
Date Expira- Amount or at End (D) or (Instr.
Exer- tion Title Number of of Indi- 4)
cisable Date Shares Month rect (1)
(Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
(1) On February 2, 1999, Sundance Assets, L.P. ("Sundance"), holder of all the
outstanding shares of Series A Cumulative Convertible Preferred Stock of
Crown Energy Corporation ("Crown"), received a dividend of 317,069 shares of
Crown common stock, par value $0.02 per share, pursuant to the terms of the
Certificate of the Voting Powers, Designations, Preferences and Relative
Participating, Optional or other Special Rights, and Qualifications,
Limitations and Restrictions thereof, of Series A Cumulative Convertible
Preferred Stock of Crown filed with the Utah Department of Commerce,
Divisions of Corporations and Commercial Code.
(2) These securities are owned directly by Sundance. Sundance is a member of a
"group" with Enron Capital & Trade Resources Corp. ("ECT") and Enron Corp.
("Enron") for purposes of Section 13(d) of the Exchange Act. This Form is
also filed by Enron and ECT, which may be considered to have indirect
ownership of these securities. Enron and ECT disclaim beneficial ownership
of these securities.
SUNDANCE ASSETS, L.P.
By: Enron Ponderosa Management Holdings, Inc.,
its General Partner
/S/ Peggy B. Menchaca March 5, 1999
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Peggy B. Menchaca Date
Vice President and Secretary
**Signature of Reporting Person
** Intentional misstatements or omissions of
facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of
which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Page 2
SEC 1474 (8-92)
<PAGE>
JOINT FILER INFORMATION
Name: Enron Capital & Trade Resources Corp.
Address: 1400 Smith Street
Houston, Texas 77002
Designated Filer: Sundance Assets, L.P.
Issuer & Ticker Symbol: Crown Energy Corporation (CROE)
Date of Event Requiring
Statement: 02/02/99
Signature of Reporting
Person: /S/ Peggy B. Menchaca
-----------------------------
Peggy B. Menchaca
Vice President and Secretary
Name: Enron Corp.
Address: 1400 Smith Street
Houston, Texas 77002
Designated Filer: Sundance Assets, L.P.
Issuer & Ticker Symbol: Crown Energy Corporation (CROE)
Date of Event Requiring
Statement: 02/02/99
Signature of Reporting
Person: /S/ Peggy B. Menchaca
----------------------------
Peggy B. Menchaca
Vice President and Secretary
