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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, 1999
CORPORATE RENAISSANCE GROUP, INC.
Date Identification Number Price Approx. Asset Name of
of of Security of Per Value or Approx. Seller or
Each Shares Share Asset Coverage of
Trans- Per Share at Seller's
action Time of Purchase Broker
________________________________________________________________________________
1/07/99 Common Stock 1,000 6.3125 9.14 Herzog,
Heine,
Geduld
1/07/99 Common Stock 800 6.625 9.14 Herzog,
Heine,
Geduld
1/11/99 Common Stock 200 6.3125 9.26 Herzog,
Heine,
Geduld
1/12/99 Common Stock 4,000 6.9375 9.26 Herzog,
Heine,
Geduld
1/14/99 Common Stock 1,000 6.5625 9.26 Herzog,
Heine,
Geduld
1/19/99 Common Stock 5,300 6.9375 9.27 Herzog,
Heine,
Geduld
1/21/99 Common Stock 1,000 7.00 9.27 Herzog,
Heine,
Geduld
1/22/99 Common Stock 6,700 7.0625 9.27 Herzog,
Heine,
Geduld
1/27/99 Common Stock 2,100 7.0625 9.36 Herzog,
Heine,
Geduld
1/27/99 Common Stock 2,000 7.1875 9.36 Herzog,
Heine,
Geduld
1/28/99 Common Stock 24,500 7.0625 9.36 Herzog,
Heine,
Geduld
1/29/99 Common Stock 2,500 7.00 9.36 Herzog,
Heine,
Geduld
1/29/99 Common Stock 5,000 7.25 9.36 Herzog,
Heine,
Geduld
REMARKS: None
CORPORATE RENAISSANCE GROUP, INC.
/s/ Martin E. Winter
______________________________________
Martin E. Winter
Secretary and Treasurer
Date of Statement: February 8, 1999
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