SECURITY CAPITAL GROUP INC/
DEFA14A, 1998-05-12
REAL ESTATE
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                                SCHEDULE 14A
                               (Rule 14a-101)

                  INFORMATION REQUIRED IN PROXY STATEMENT

                          SCHEDULE 14A INFORMATION

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                 Exchange Act of 1934 (Amendment No. ___ )



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                      Security Capital Group Incorporated
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<PAGE>


                    Security Capital Group Incorporated
                             125 Lincoln Avenue
                         Sante Fe, New Mexico 87501



                                               May 12, 1998



[Stockholder]


Dear [Stockholder]:

         The first Annual Meeting of Security Capital Group as a public
 company will be held next Thursday morning at 9:30 at the Fairmont Hotel
 in Chicago.

         Frankly, our underlying business is exceptional. I want to send a
very strong message to all of our shareholders.

         Attached to this facsimile are the two items that we would like
shareholders to approve. They are straightforward and important for the
company. I would like to get the highest vote possible, and I would ask if
you might be able to usher this through your back office as soon as
possible.

         Please call me if you have any questions. Thank you, and I hope
this letter finds you well.

                                                Cordially,

                                                SECURITY CAPITAL GROUP
                                                INCORPORATED

                                                /s/ William D. Sanders

                                                William D. Sanders
                                                Chairman

WDS/ajd
Attachment










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