SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. -----------)
Martin Marietta Materials
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(Name of Issuer)
Common
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(Title of Class of Securities)
573284106
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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. 573284106 13G Page 1 of 1 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 2,950,200
BENEFICIALLY
OWNED BY
EACH 6. SHARED VOTING POWER
REPORTING -0-
PERSON
WITH
7. SOLE DISPOSITIVE POWER
2,950,200
8. SHARED DISPOSITIVE POWER
-0-
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
862,700
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.4%
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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Martin Marietta Materials
Item 1(b) ADDRESS OF ISSUERS PRINCIPAL EXECUTIVE OFFICES
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Martin Marietta Materials
2710 Wycliff Road
Raleigh, NC 27607
Item 2(a) NAME OF PERSON FILING
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Davis Selected Advisers, LP for
Selected American Shares
Davis New York Venture Fund
Davis Financial Fund
Baltimore Gas & Electric Pension Plan
Central & SW Systems
McKeesport Healthcare
Mt. Sinai Healthcare Flounation
New York Value Fund
Sun America Polaris
Style Select Value- Davis
Temple Firemen's Pension Fund
VIA Metropolitan Financial
New England Zenith
Item 2 (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE
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P.O. Box 1688
124 East March Street
Santa Fe, NM 87501
Item 2(c) CITIZENSHIP
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Colorado Limited Parnership
Item 2(d) TITLE OF CLASS OF SECURITIES
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COMMON
Item 2(e) CUSIP NUMBER
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573284106
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 1940
Item 4 OWNERSHIP
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(a) Amount beneficially owned 2,950,200
Selected American Shares 700,600
Davis New York Venture Fund 1,755,600
Davis Financial Fund 75,000
Baltimore Gas & Electric Pension Plan 20,500
Central & SW Systems 32,800
McKeesport Hospital 7,100
Mt. Sinai Hospital 3,800
New York Value Fund 24,000
SunAmerica Polaris 265,600
Style Select 3,100
Temple Firemen's Pension Fund 1,400
VIA Metro 6,500
New England Zenith 53,800
(b) Percent of class 6.4%
Selected American Shares 1.5%
Davis New York Venture Fund 3.8%
Davis Financial Fund .2%
Baltimore Gas & Electric .0%
Central & Southwest .1%
McKeesport Hospital .0%
Mt. Sinai Hospital .0%
New York Value Fund .1%
SunAmerica Polaris .6%
Style Select .0%
Temple Firemen's Pension Fund .0%
VIA Metro .0%
New England Zenith .1%
(c) Number of shares as to which such person has:
(I) sole power to vore or to direct the vote
Davis Selected Advisers, L.P. 2,950,200
(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. 2,950,200
(iv) shared power to dispose or to direct
the dispostion 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 Applicabale
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Itme 9 Not Applicable
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Itme 10 CERTICICATION
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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 transactio haveing 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 statemtn is true, complete
and correct.
January 29, 1997
(Date)
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(Signature)
Carl R. Luff President