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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
PRESIDIO CAPITAL CORP.
---------------------------------
(Name of Issuer)
Class A Common Stock, $0.01 Par Value
---------------------------------
(Title of Class of Securities)
G72-201-10-9
---------------------------------
(CUSIP Number)
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SCHEDULE 13G
CUSIP No. G72-201-10-9
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Intermarket Corp.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION New York
____________________
: 5. SOLE VOTING POWER -- 0 --
Number of Shares :
:
Previously Owned : 6. SHARED VOTING POWER -- 0 --
:
by Each Reporting :
: 7. SOLE DISPOSITIVE POWER -- 0 --
Reporting Person :
:
with : 8. SHARED DISPOSITIVE POWER -- 0 --
____________________:
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON - 0 --
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* (See Instructions) [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0%
12. TYPE OF REPORTING PERSON CO
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Item 1(a). Name of Issuer
Presidio Capital Corp.
Item 1(b). Address of Issuer's Principal Executive Offices
c/o Hemisphere Management (Cayman Limited), Zephyr
House, Mary Street, Grand Cayman, Cayman Islands, British West
Indies.
Item 2(a). Name of Person Filing
Intermarket Corp.
Item 2(b). Address of Principal Business Office or, if None,
Residence
667 Madison Avenue, New York, New York 10021
Item 2(c). Citizenship
New York
Item 2(d). Title of Class of Securities
Class A Common Stock, $.01 Par Value
Item 2(e). CUSIP No.
G72-201-10-9
Item 3. Filed Pursuant to Rule 13d-1(c)
Item 4. Ownership
As of July 22, 1997
(a) Amount Beneficially Owned:
0
(b) Percent of Class:
0.0%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
0
(ii) shared power to vote or to direct the vote:
0
(iii) sole power to dispose or to direct the disposition of
0
(iv) shared power to dispose or to direct the disposition
of
0
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact
that as of the date hereof the reporting person has ceased to be
the beneficial owner of more than five percent of the class of
securities, check the following [X].
Item 6. Ownership of More Than Five Percent on Behalf of Another
Person
N/A
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on by the Parent
Holding Company
N/A
Item 8. Identification and Classification of Members of the
Group
N/A
Item 9. Notice of Dissolution of Group
N/A
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 purposes or effect.
SIGNATURE
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.
July 25, 1997
________________________________
(Date)
DAVID B. FORER
________________________________
(Signature)
David B. Forer, Vice President
________________________________
(Name/Title)
