<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.1)*
MALAN REALTY INVESTORS INC
____________________________
(Name of Issuer)
COMMON
_________________________
(Title of Class of Securities)
561063108
__________________________
(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 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
SCHEDULE 13G
CUSIP No. 561063108
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CREDIT SUISSE ASSET MANAGEMENT
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
SWITZERLAND
5. SOLE VOTING POWER 0
NUMBER OF 6. SHARED VOTING POWER 0
SHARES
BENEFICIALLY
OWNED BY
EACH 7. SOLE DISPOSITIVE POWER 0
REPORTING
PERSON 8. SHARED DISPOSITIVE POWER 0
WITH
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
N/A
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
12. TYPE OF REPORTING PERSON*
Passive Investor
*SEE INSTRUCTION
<PAGE> 3
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Schedule 13G
Under the Securities Exchange Act of 1934
Amendment No.1:
Item 1 (a) Name of issuer:
MALAN REALTY INVESTORS INC
Item 1 (b) Address of issuer's principal executive offices:
30200 TELEGRAPH ROAD, SUITE 105
BIRMINGHAM, MI 48025
Item 2 (a) Name of person filing:
CREDIT SUISSE ASSET MANAGEMENT
Item 2 (b) Address of principal business office:
c/o BEA ASSOCIATES
153 EAST 53RD STREET
NEW YORK, NEW YORK 10022
Item 2 (c) Citizenship: SWITZERLAND
Item 2 (d) Title of class of securities: COMMON
Item 2 (e) Cusip No.: 561063108
Item 3 Type of Person: Passive Investor
Item 4 (a) Amount beneficially owned: 0
Item 4 (b) Percent of class: 0%
Item 4 (c) (i) sole power to vote: 0
(ii) shared power to vote: 0
(iii) sole power to dispose: 0
(iv) shared power to dispose: 0
Item 5 Ownership of 5 percent or less of a class: Not Applicable
Item 6 Ownership of more than 5 percent on behalf of another
person: Not Applicable
<PAGE> 4
Item 7 Identification and classification of subsidiary: Not Applicable
Item 8 Identification and classification of members of
the group: Not Applicable
Item 9 Notice of dissolution of the group: Not Applicable
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.
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.
OCTOBER 9, 1998
--------------------------------
Date
/s/ HAL LIEBES
--------------------------------
HAL LIEBES
SENIOR VICE PRESIDENT
