June 12, 1997
VIA EDGAR
Securities and Exchange
Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Attention: Shelley E. Parratt
Re: GCR HOLDINGS LIMITED
Registration Statement on Form S-8
(Commission File No. 333-23173)
Dear Ms. Parratt:
Pursuant to Rule 477 of Regulation C under the Securities Act of
1933, we hereby respectfully withdraw the above-referenced Registration
Statement. Over 90% of the registrant has been acquired by a third party.
Very truly yours,
/s/ Frederick W. Deichmann
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Frederick W. Deichmann
Chief Financial Officer and
Secretary of GCR Holdings Limited
