SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ------------)
Centerpoint Properties Corp.
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(Name of Issuer)
Common
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(Title of Class of Securities)
151895109
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(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 previsions of the
Act (however, see the Notes)
CUSIP NO. 151895109 13G Page 2 of 2 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Davis Selected Advisers, L.P.
85-036-0310
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) /_/
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Colorado Limited Partnership
NUMBER OF 5. SOLE VOTING POWER
SHARES 1,172,450
BENEFICIALLY
OWNED BY
EACH 6. SHARED VOTING POWER
REPORTING -0-
PERSON
WITH
7. SOLE DISPOSITIVE POWER
1,172,450
8. SHARED DISPOSITIVE POWER
-0-
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,172,450
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.1%
12. TYPE OF REPORTING PERSON*
IA Investment Advisor
SCHEDULE 13 G
DAVIS SELECTED ADVISERS. L.P.
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
Item 1 (a) NAME OF ISSUER
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Centerpoint Properties Corp.
Item 1(b) ADDRESS OF ISSUERS PRINCIPAL EXECUTIVE OFFICES
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Centerpoint Properties Corp.
401 North Michigan Avenue Suite 3000
Chicago, IL 60611
Item 2(a) NAME OF PERSON FILING
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Davis Selected Advisers, LP for
Selected American Shares
Davis Convertible Securities Fund
Davis Real Estate Securities Fund
Item 2 (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE
------------------------------------
P.O. Box 1688
124 East March Street
Santa Fe, NM 87501
Item 2(c) CITIZENSHIP
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Colorado Limited Partnership
Item 2(d) TITLE OF CLASS OF SECURITIES
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COMMON
Item 2(e) CUSIP NUMBER
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151895109
Item 3 FIELD PURSUANT TO RULE 13D-1 (b)
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(e) (X) Investment Adviser registered under Section 203 of the
Investment Advisers Act of 19140
Item 4 OWNERSHIP
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(a) Amount beneficially owned 1,172,450
Selected American Shares 1,051,194
Davis Convertible Securities Fund 64,656
Davis Real Estate Securities Fund 56,600
(b) Percent of class7.1%
Selected American Shares6.4%
Davis Convertible Securities Fund.4%
Davis Real Estate Securities Fund.3%
(c) Number of shares as to which such person has:
(I) sole power to vote or to direct the vote
Davis Selected Advisers, L.P. 1,172,450
(ii) shared power to vote to direct the vote N/A
(iii) sole power to dispose or to direct
the disposition of
Davis Selected Advisers, L.P. 1,172,450
(iv) shared power to dispose or to direct
the disposition of N/A
Item 5 Not applicable
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Item 6 Not Applicable
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Item 7 Not Applicable
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Item 8 Not Applicable
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Item 9 Not Applicable
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Item 10 CERTIFICATION
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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 purposes or effect.
SIGNATURE
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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.
January 29, 1997
(Date)
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(Signature)
Carl R. Luff President
