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 JANUARY 31, 1998
CORPORATE RENAISSANCE GROUP, INC.
Date Identification Number Price Approximate Asset Name of
of of Security of Per Value or Approximate Seller or
Each Shares Share Asset Coverage Per of
Trans- Share at Time of Seller's
action Purchase Broker
________________________________________________________________________________
1/27/98 Common Stock 10,000 5.875 8.39 Herzog,
Heine,
Geduld
REMARKS: None
CORPORATE RENAISSANCE GROUP, INC.
/s/ Martin E. Winter
______________________________________
Martin E. Winter
Secretary and Treasurer
Date of Statement: February 4, 1998
