<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 4)
Consolidated Cigar Holdings Incorporated
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of class of securities)
20902E106
- --------------------------------------------------------------------------------
(CUSIP number)
Check the following box if a fee is being paid with this statement / / (A fee
is not required only 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 subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
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).
<PAGE> 2
- ----------------------------------- --------------------
CUSIP NO. 20902E106 13G PAGE 2 OF 8 PAGES
- ----------------------------------- --------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Morgan Stanley, Dean Witter, Discover & Co.
IRS # 39-314-5972
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
The state of organization is Delaware.
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
-------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 529,350
-------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
-------------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER
564,050
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
564,050
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.93%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA, CO
- --------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT !
<PAGE> 3
- ----------------------------------- --------------------
CUSIP NO. 20902E106 13G PAGE 3 OF 8 PAGES
- ----------------------------------- --------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Morgan Stanley Asset Management Inc.
IRS # 13-304-0307
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
The state of organization is Delaware.
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
-------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 35,700
-------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
-------------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER
67,100
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
67,100
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
.61%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA, CO
- --------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT !
<PAGE> 4
- ----------------------------------- --------------------
CUSIP NO. 20902E106 13G PAGE 4 OF 8 PAGES
- ----------------------------------- --------------------
Item 1 (a) Name of Issuer
Consolidated Cigar Holdings Incorporated
Item 1 (b) Address of issuer's principal executive offices
5900 North Andrews Avenue
Suite 700
Fort Lauderdale, FL 33309-2369
Item 2 (a) Name of person filing
(a) Morgan Stanley, Dean Witter, Discover & Co.
(b) Morgan Stanley Asset Management Inc.
Item 2 (b) Principal business office
(a) 1585 Broadway
New York, New York 10036
(b) 1221 Avenue of the Americas
New York, New York 10020
Item 2 (c) Citizenship
Incorporated by reference to Item 4 of the cover page
pertaining to each reporting person.
Item 2 (d) Title of class of Securities
Common Stock
Item 2 (e) Cusip No.
20902E106
Item 3 (a) Morgan Stanley, Dean Witter, Discover & Co. is
(e) an Investment Adviser registered under section
203 of the Investment Advisers Act of 1940.
(b) Morgan Stanley Asset Management Inc. is (e) an
Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940.
Item 4 Ownership
Incorporated by reference to Items (5) - (9) and (11)
of the cover page.
<PAGE> 5
- ----------------------------------- --------------------
CUSIP NO. 20902E106 13G PAGE 5 OF 8 PAGES
- ----------------------------------- --------------------
Item 5 Ownership of 5 Percent or Less of a Class
(a) Inapplicable
(b) As of the date hereof, Morgan Stanley Asset
Management Inc. has ceased to be the beneficial
owner of more than five percent of the class of
securities.
Item 6 Ownership of More than 5 Percent on Behalf of
Another Person
Accounts managed on a discretionary basis by Morgan
Stanley, Dean Witter, Discover & Co., are known to
have the right to receive or the power to direct the
receipt of dividends from, or the proceeds from, the
sale of such securities. No such account holds more
than 5 percent of the class.
Item 7 Identification and Classification of the
Subsidiary Which Acquired the Security Being Reported
on By the Parent Holding Company
Inapplicable
Item 8 Identification and Classification of Members of the
Group
Inapplicable
Item 9 Notice of Dissolution of Group
Inapplicable
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 such securities and were not acquired in
connection with or as a participant in any transaction
having such purpose or effect.
<PAGE> 6
- ----------------------------------- --------------------
CUSIP NO. 20902E106 13G PAGE 6 OF 8 PAGES
- ----------------------------------- --------------------
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 : July 14, 1997
Signature : /s/ Donald P. Ryan
-------------------------------------------------------
Name / Title : Donald P. Ryan / Vice President Morgan Stanley Asset
Management Inc.
-------------------------------------------------------
MORGAN STANLEY ASSET MANAGEMENT INC.
Date : July 14, 1997
Signature : /s/ Bruce Bromberg
-------------------------------------------------------
Name / Title : Bruce Bromberg / Morgan Stanley & Co.
Incorporated
-------------------------------------------------------
MORGAN STANLEY, DEAN WITTER, DISCOVER & CO.
<TABLE>
<CAPTION>
INDEX TO EXHIBITS PAGE
----------------- ----
<S> <C> <C>
EXHIBIT 1 Agreement to Make a Joint Filing 7
EXHIBIT 2 Secretary's Certificate Authorizing Bruce 8
Bromberg to Sign on behalf of Morgan Stanley,
Dean Witter, Discover & Co.
</TABLE>
<PAGE> 1
- ----------------------------------- --------------------
CUSIP NO. 20902E106 13G PAGE 7 OF 8 PAGES
- ----------------------------------- --------------------
EXHIBIT 1 TO SCHEDULE 13G
July 14, 1997
MORGAN STANLEY, DEAN WITTER, DISCOVER & CO. and MORGAN STANLEY
ASSET MANAGEMENT INC., hereby agree that, unless differentiated,
this Schedule 13G is filed on behalf of each of the parties.
MORGAN STANLEY ASSET MANAGEMENT INC.
BY: /s/ Donald P. Ryan
--------------------------------------------------------------
Donald P. Ryan/ Vice President Morgan Stanley Asset
Management Inc.
MORGAN STANLEY, DEAN WITTER, DISCOVER & CO.
BY: /s/ Bruce Bromberg
--------------------------------------------------------------
Bruce Bromberg/ Morgan Stanley & Co.,
Incorporated
<PAGE> 1
Exhibit 2 Page 8 of 8 Pages
MORGAN STANLEY, DEAN WITTER, DISCOVER & CO.
SECRETARY'S CERTIFICATE
I, Charlene R. Herzer, a duly elected and acting Assistant Secretary
of Morgan Stanley, Dean Witter, Discover & Co., a corporation organized and
existing under the laws of the State of Delaware (the "Corporation"), certify
that, as approved by a Unanimous Consent of Directors in Lieu of a Meeting
dated as of May 31, 1997, the following persons are each authorized to sign
reports to be filed under Sections 13 and 16 of the Securities Exchange Act of
1934 on behalf of the Corporation, and such authorizations are in full force
and effect as of this date:
Stuart J. M. Breslow
Robert G. Koppenol
Bruce Bromberg
Robin Sherak
IN WITNESS WHEREOF, I have hereunto set my name and affixed the seal
of the Corporation as of the 3rd day of June, 1997.
/s/ CHARLENE R. HERZER
--------------------------
Charlene R. Herzer
Assistant Secretary
[SEAL]
