UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 29549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
SUNDANCE HOMES, INC.
(Name of Issuer)
COMMON STOCK, par value $.01 per share
(Title of Class of Securities)
86724Q106
(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 disclosures provided in a prior cover page.
The information required on 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).
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CUSIP No. 86724Q106 Page 2 of 6 Pages
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<S> <C>
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATI ON NO. OF ABOVE PERSON
MAURICE SANDERMAN
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) o
Not Applicable. (b) o
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF 5. SOLE VOTING POWER
SHARES 3,537,500
BENEFICIALLY
OWNED BY 6. SHARED VOTING POWER
EACH 0
REPORTING
PERSON WITH 7. SOLE DISPOSITIVE POWER
3,537,500
8. SHARED DISPOSITIVE POWER
0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
4,712,500 See Item 4 for additional information.
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* o
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
60.4%
12. TYPE OF REPORTING PERSON*
IN
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Item 1(a) Name of Issuer:
Sundance Homes, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
1375 East Woodfield Road, Suite 600
Schaumburg, Illinois 60173
Item 2(a) Name of Person Filing:
Maurice Sanderman
Item 2(b) Address of Principal Business Office:
1375 East Woodfield Road, Suite 600
Schaumburg, Illinois 60173
Item 2(c) Citizenship:
United States
Item 2(d) Title of Class of Securities:
Common Stock, par value $.01 per share
Item 2(e) CUSIP Number:
86724Q106
Item 3. Type of Person:
Not Applicable.
Item 4. Ownership:
(a) Amount Beneficially Owned:
4,712,500 (1)
(b) Percent of Class:
60.4% (1)
(c) Number of shares as to which person has:
(i) sole power to vote or to direct the vote: 3,537,500
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition of:
3,537,500
(iv) shared power to dispose or to direct the disposition of:
-0-
(1) Includes 3,537,500 shares owned by Maurice Sanderman and
1,175,000 shares held in an irrevocable trust (the "Trust")
for the benefit of Mr. Sanderman's children, and in which
his wife is the trustee. Mr. Sanderman disclaims beneficial
ownership of the 1,175,000 shares beneficially owned by the
Trust in which his wife is the trustee. The inclusion of
such shares in Items 4(a) and 4(b) shall not be construed as
an admission that Mr. Sanderman, for the purpose of Section
13(d), 13(g), or otherwise, is the beneficial owner of such
securities. Because Mr. Sanderman does not have sole or
shared power to direct the vote or the disposition of such
securities, such securities are not included in Item 4(c).
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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:
Not Applicable.
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the
Parent Holding Company:
Not Applicable.
Item 8. Identification and Classification of Members of the
Group:
Not Applicable.
Item 9. Notice of Dissolution of Group:
Not Applicable.
Item 10. Certification:
Not Applicable.
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SIGNATURE
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: February 13, 1997
/s/ MAURICE SANDERMAN
Maurice Sanderman
