EQUITABLE COMPANIES INC
SC 13G/A, 1996-06-24
LIFE INSURANCE
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WASHINGTON, D.C. 20549

SCHEDULE 13G

UNDER THE EXCHANGE ACT OF 1934



(AMENDMENT NO.                          1 )*


NAME OF ISSUER:Equitable Cos Inc Sub Deb Conv 6.125



TITLE OF CLASS
OF SECURITIES: Convertible Bd



CUSIP:         29444GAE7



Check the following box if a fee is being paid with this statement [      ]

(A fee is not required 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 l
subsequent thereto reporting beneficial ownership of five percent 
or less of such class.) (See Rule 13-d-7).

* The remainder of this cover page shall be filled out for a 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 disclosure 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).



                              13G


CUSIP NO.      29444GAE7


             1 NAME OF REPORTING PERSON
               S.S. OR I.R.S.             United Nations Joint Staff
               ID NO OF ABOVE             Pension Fund
               PERSON

             2 CHECK THE APPROPRIATE      (A)            (B)   XX
               BOX IF A MEMBER OF A 
               A GROUP*

             3 SEC USE ONLY


             4 CITIZENSHIP OR PLACE       International Organization
               OF ORGANIZATION



   NUMBER OF   5 SOLE VOTING POWER                                 NA
    SHARES
 BENEFICIALLY  6 SHARED VOTING POWER                               NA
   OWNED BY
     EACH      7 SOLE DISPOSITIVE POWER                            NA
   REPORTING
    PERSON     8 SHARED DISPOSITIVE POWER                          NA
     WITH


9              AGGREGATE AMOUNT BENEFICIALLY OWNED                 NA
               BY EACH REPORTING PERSON


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


            11 PERCENT OF CLASS REPRESENTED BY           Less than 5%
               IN ROW 9


            12 TYPE OF REPORTING PERSON*                           EP




SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13G

UNDER THE EXCHANGE ACT OF 1934

(AMENDMENT NO.                          1 )*

ITEM 1
(a) Name of Issuer                        Equitable Companies Inc
(b)Address of Issuer's Principal          787 Seventh Avenue
    Executive Offices:                    New York, New York 10019


ITEM 2
(a) Name of Person Filing                 United Nations Joint Staff 
                                          Pension Fund

(b) Address of Principal
  Business Office or, if none, residence: United Nations, New York 10017


(c) Citizenship:                          International Organization

(d) Title of Class Securities:            Convertible Bd

(e) Cusip                                 29444GAE7

ITEM 3
The person filing is:

(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 Advisor registered under section 203 of the  
               Investment Advisors Act of 1940
(f)    X  *    EBP, 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) (ii) (G)
(h)            Group, in accordance with 240.13d-1(b) (1) (ii) (H)


               *The United Nations Joint Staff Pension Fund is not subject to
               the provisions of the Employee Retirement Income Security Act


ITEM 4 
OWNERSHIP

(a)            Amount Beneficially Owned:                NA
(b)            Percent of Class:                         Less than 5%
(c)            Number of shares as to which each
               person has:
               (i) sole power to vote or to direct vote  NA
               (ii) shared power to vote or to direct votNA
               (iii) sole power to dispose or to direct
                    disposition of                       NA
               (iv) shared power to dispose or to 
                     direct the disposition of           NA

ITEM 5
Ownership of Five Percent or Less of a Class 
               The United Nations Joint Staff Pension Fund now
               beneficially owns less than 5% of outstanding shares

ITEM 6
Ownership of More Than Five Percent On Behalf of                   NA
Another Person

ITEM 7
Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent
Holding Company                                                    NA

ITEM 8
Identification and Classification of Members of the Group          NA

ITEM 9
Notice of Dissolution of Group                                     NA

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 the 
securities and were not acquired in connection with our as a 
participant in any transaction having such a purpose 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.

DATE                                      SIGNATURE



      06/21/96                            F.K Granville

Fiduciary Trust Company International, as agent for the United States Joint 
Staff Pension Fund a U.N. Organization.
 
WASHINGTON, D.C. 20549

SCHEDULE 13G

UNDER THE EXCHANGE ACT OF 1934

THIS IS A COPY OF THE ORIGINALLY FILED "PAPER" SUBMISSION

(AMENDMENT NO.                            )*


NAME OF ISSUER:Equitable Cos Inc Sub Deb Conv



TITLE OF CLASS
OF SECURITIES: Convertible Bd



CUSIP:         29444GAE7



Check the following box if a fee is being paid with this statement [      ]

(A fee is not required 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 l
subsequent thereto reporting beneficial ownership of five percent 
or less of such class.) (See Rule 13-d-7).

* The remainder of this cover page shall be filled out for a 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 disclosure 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).



                              13G


CUSIP NO.      29444GAE7


             1 NAME OF REPORTING PERSON
               S.S. OR I.R.S.             United Nations Joint Staff
               ID NO OF ABOVE             Pension Fund
               PERSON

             2 CHECK THE APPROPRIATE      (A)            (B)   XX
               BOX IF A MEMBER OF A 
               A GROUP*

             3 SEC USE ONLY


             4 CITIZENSHIP OR PLACE       International Organization
               OF ORGANIZATION



   NUMBER OF   5 SOLE VOTING POWER                                  0
    SHARES
 BENEFICIALLY  6 SHARED VOTING POWER                         20000000
   OWNED BY
     EACH      7 SOLE DISPOSITIVE POWER                             0
   REPORTING
    PERSON     8 SHARED DISPOSITIVE POWER                    20000000
     WITH


9              AGGREGATE AMOUNT BENEFICIALLY OWNED           20000000
               BY EACH REPORTING PERSON


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


            11 PERCENT OF CLASS REPRESENTED BY                   5.47
               IN ROW 9


            12 TYPE OF REPORTING PERSON*                           EP




SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13G

UNDER THE EXCHANGE ACT OF 1934

(AMENDMENT NO.                            )*

ITEM 1
(a) Name of Issuer                        Equitable Companies Inc.
(b)Address of Issuer's Principal          787 Seventh Avenue
    Executive Offices:                    New York, New York 10019


ITEM 2
(a) Name of Person Filing                 United Nations Joint Staff 
                                          Pension Fund

(b) Address of Principal
  Business Office or, if none, residence: United Nations, New York 10017


(c) Citizenship:                          International Organization

(d) Title of Class Securities:            Convertible Bd

(e) Cusip                                 29444GAE7

ITEM 3
The person filing is:

(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 Advisor registered under section 203 of the  
               Investment Advisors Act of 1940
(f)    X  *    EBP, 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) (ii) (G)
(h)            Group, in accordance with 240.13d-1(b) (1) (ii) (H)


               *The United Nations Joint Staff Pension Fund is not subject to
               the provisions of the Employee Retirement Income Security Act


ITEM 4 
OWNERSHIP

(a)            Amount Beneficially Owned:                    20000000
(b)            Percent of Class:                                 5.47
(c)            Number of shares as to which each
               person has:
               (i) sole power to vote or to direct vote             0
               (ii) shared power to vote or to direct vot    20000000
               (iii) sole power to dispose or to direct
                    disposition of                                  0
               (iv) shared power to dispose or to 
                     direct the disposition of               20000000

ITEM 5
Ownership of Five Percent or Less of a Class 
                                                                   NA
ITEM 6
Ownership of More Than Five Percent On Behalf of
Another Person
               The United Nations Joint Staff Pension Fund shares voting
               and dispositive power with respect to 20000000 shares with its
               appointed Investment Advisor, Fiduciary Trust Co., Intl..

ITEM 7
Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent
Holding Company                                                    NA

ITEM 8
Identification and Classification of Members of the Group          NA

ITEM 9
Notice of Dissolution of Group                                     NA

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 the 
securities and were not acquired in connection with our as a 
participant in any transaction having such a purpose 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.

DATE                                      SIGNATURE



      02/01/96                            F.K Granville

Fiduciary Trust Company International, as agent for the United States Joint 
Staff Pension Fund a U.N. Organization.




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