Form N-23C-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
STATEMENT BY REGISTERED CLOSED-END INVESTMENT COMPANY
WITH RESPECT TO PURCHASES OF ITS OWN SECURITIES PURSUANT
TO RULE N-23C-1 DURING THE LAST CALENDAR MONTH
REPORT FOR CALENDAR MONTH ENDING DECEMBER 31, 1996
CORPORATE RENAISSANCE GROUP, INC.
<TABLE>
<CAPTION>
Approximate Asset Value or
Date of IdentificationNumber of Price Approximate asset coverage Name of Seller
each of Shares Per per share at time or
TransactionSecurity Purchased Share of Purchase of Seller's Broker
__________________________________________________________________________________________________________
<C> <S> <C> <C> <C> <S>
12/03/96 Common Stock 2,000 8.063 9.98 RAS Securities
12/06/96 Common Stock 2,000 7.938 9.98 RAS Securities
12/09/96 Common Stock 1,000 7.938 10.10 RAS Securities
12/10/96 Common Stock 2,500 7.938 10.10 RAS Securities
12/11/96 Common Stock 3,500 7.938 10.10 RAS Securities
12/16/96 Common Stock 700 7.938 10.10 RAS Securities
12/23/96 Common Stock 500 7.938 9.71 RAS Securities
12/24/96 Common Stock 600 7.938 9.71 RAS Securities
12/26/96 Common Stock 450 7.938 9.71 RAS Securities
12/27/96 Common Stock 1,100 7.813 9.71 RAS Securities
12/30/96 Common Stock 1,400 7.875 9.84 RAS Securities
</TABLE>
REMARKS: None
CORPORATE RENAISSANCE GROUP, INC.
/s/ Martin E. Winter
______________________________________
Martin E. Winter
Secretary and Treasurer
Date of Statement: January 6, 1997
