UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ----)
Taubman Centers, Inc.
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(Name of Issuer)
Series A Preferred
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(Title of Class of Securities)
876664202
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(CUSIP Number)
*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).
CUSIP NO. 876664202<PAGE>
1 NAME OF REPORTING PERSON
Heitman/PRA Securities Advisors, Inc.
IRS ID# 36-3988233
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ----
(b) X
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Chicago, Illinois
5 SOLE VOTING POWER
NUMBER OF SHARES 470,700
BENEFICIALLY OWNED
BY EACH REPORTING 6 SHARED VOTING POWER
PERSON WITH 0
7 SOLE DISPOSITIVE POWER
486,100
8 SHARED DISPOSITIVE
POWER
6,600
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
492,700
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.16%
12 TYPE OF REPORTING PERSON (See Instructions)
IA<PAGE>
ITEM 1 (A) NAME OF ISSUER:
Taubman Centers, Inc.
ITEM 1 (B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE
OFFICES:
200 East Long Lake Road, Suite 300
Bloomfield Hills, Michigan 48303
ITEM 2 (A) NAME OF PERSON FILING:
Heitman/PRA Securities Advisors, Inc.
ITEM 2 (B) ADDRESS OF PRINCIPAL OFFICE:
180 North LaSalle Street, Suite 3600
Chicago, Illinois 60601
ITEM 2 (C) CITIZENSHIP:
United States
ITEM 2 (D) TITLE OF CLASS OF SECURITIES:
Series A Preferred
ITEM 2 (E) CUSIP NUMBER: 876664202
ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULES
13D-1(B) OR 13D-2(B), CHECK WHETHER THE PERSON
FILING IS A:
ITEM 3 (E) Investment Adviser registered under section 203
of the Investment Advisers Act of 1940.
ITEM 4 OWNERSHIP:
ITEM 4 (A) AMOUNT BENEFICIALLY OWNED:
492,700
ITEM 4 (B) PERCENT OF CLASS:
6.16
ITEM 4 (C) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) sole power to vote or to
direct the vote 470,700
(ii) shared power to vote or to
direct the vote 0
(iii) sole power to dispose or
to direct the disposition of 486,100
(iv) shared power to dispose or to
direct the disposition of 6,600
<PAGE>
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF
OF ANOTHER PERSON.
Heitman/PRA Securities Advisors, Inc. serves as
investment adviser to the Heitman Real Estate Fund, a
registered investment company and twenty (20) separate
account clients.
Heitman Real Estate Fund, a Series of Heitman Securities
Trust, and nineteen (19) separate account clients have
given dispositive power to Heitman/PRA Securities
Advisors, Inc. the right to receive or the power to direct
the receipt of dividends from, or proceeds from the sale
of 486,100 shares (6.08%) of this issuer. One (1)
separate account has the right to vote and the right to
receive or the power to direct the receipt of dividends,
or proceeds from the sale of 6,600 shares (0.08%) of this
issuer.
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE
SUBSIDIARIES WHICH ACQUIRED THE SECURITY BEING
REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable.
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF
A GROUP.
Not applicable.
ITEM 9 NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10 CERTIFICATION.
See below.
After reasonable inquiry and to the best of our
knowledge and belief, the undersigned certify that the
information set forth in this statement is true, complete
and correct.
Date: February 12, 1998
/s/ Dean A. Sotter
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DEAN A. SOTTER,
President <PAGE>