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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Amendment No. 2
Consolidated Cigar Holdings, Inc.
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(Name of Issuer)
Class A Common Stock, $.01 par value
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(Title of Class of Securities)
20902E106
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(CUSIP Number)
Page 1 of 5 Pages
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CUSIP NO.
20902E106
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Goldman, Sachs & Co.
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2. Check the Appropriate Box if a Member of a Group
(a)__________
(b)__________
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3. SEC Use Only
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4. Citizenship or place of Organization
New York
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Number of 5. Sole Voting Power
Shares
Beneficially 0
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Owned By 6. Shared Voting Power
Each
Reporting 150,500
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Person With 7. Sole Dispositive Power
0
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8. Shared Dispositive Power
150,500
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
150,500
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
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11. Percent of Class Represented by Amount in Row (9)
1.4%
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12. Type of Reporting Person
BD-PN-IA
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Page 2 of 5 Pages
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CUSIP NO.
20902E106
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Goldman Sachs Group, L.P.
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2. Check the Appropriate Box if a Member of a Group
(a)____________
(b)____________
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3. SEC Use Only
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4. Citizenship or place of Organization
Delaware
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Number of 5. Sole Voting Power
Shares
Beneficially 0
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Owned By 6. Shared Voting Power
Each
Reporting 150,500
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Person With 7. Sole Dispositive Power
0
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8. Shared Dispositive Power
150,500
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
150,500
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
1.4%
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12. Type of Reporting Person
HC-PN
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Page 3 of 5 Pages
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Item 4. Ownership.
Not applicable. The percent of the class owned as of May 31, 1997
did not exceed five percent.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the
date hereof the reporting persons have ceased to be the beneficial
owners of more than five percent of the class of securities, check
the following X.
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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 4 of 5 Pages
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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: June 10, 1997
THE GOLDMAN SACHS GROUP, L.P.
By: The Goldman Sachs Corporation,
its general partner
By: /s/ William J. Buckley
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Name: William J. Buckley
Title: Executive Vice President
GOLDMAN, SACHS & CO.
By: /s/ William J. Buckley
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Name: William J. Buckley
Title: Managing Director
Page 5 of 5 Pages
