UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 9)*
TODD SHIPYARDS CORPORATION
_________________________________________________________________
(Name of Issuer)
Common Stock, $.01 Per Share Par Value
_________________________________________________________________
(Title of Class of Securities
889039-10-3
____________________________
(CUSIP Number)
Brent D. Baird
1350 One M&T Plaza
Buffalo, New York 14203 (Phone: (716) 849-1484)
_________________________________________________________________
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 10, 2000
_______________________
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this
Schedule 13D, and is filing this schedule because of Rule 13d-
1(b)(3) or (4), check the following box __.
Check the following box if a fee is being paid with the
statement. __. (A fee is not required only if the reporting
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.)
Note: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for other
parties to whom copies are to be sent.
*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 disclosures provided in
a prior cover page.
The information required on 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>
SCHEDULE 13D
Amendment No. 9
CUSIP NO. 889039-10-3
1. Name of Reporting Person
SS or IRS Identification No. of above person (optional)
Citizens Growth Properties
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)___
(b)_X_
3. SEC USE ONLY
4. SOURCE OF FUNDS*
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ____
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Ohio
NUMBER OF SHARES 7. SOLE VOTING POWER
BENEFICIALLY OWNED -0-
BY EACH REPORTING
PERSON WITH 8. SHARED VOTING POWER
-0-
9. SOLE DISPOSITIVE POWER
-0-
10. SHARED DISPOSITIVE POWER
-0-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* ____
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.000%
14. TYPE OF REPORTING PERSON*
CO
<PAGE>
SCHEDULE 13D
Amendment No. 9
CUSIP NO. 889039-10-3
INTRODUCTION
The ownership of shares of Common Stock of Todd Shipyards
Corporation was reported in the initial filing of this Schedule
13D, which was filed with the Securities and Exchange Commission
on December 17, 1992, as amended by Amendment No. 1, which was
filed with the Securities and Exchange Commission on January 22,
1993, by Amendment No. 2, which was filed with the Securities and
Exchange Commission on February 26, 1993, by Amendment No. 3,
which was filed with the Securities and Exchange Commission on
March 26, 1993, by Amendment No. 4, which was filed with the
Securities and Exchange Commission on June 11, 1993, by Amendment
No. 5, which was filed with the Securities and Exchange
Commission on September 13, 1993, by Amendment No. 6, which was
filed with the Securities and Exchange Commission on June 8,
1994, by Amemdment No. 7 which was filed with the Securities and
Exchange Commission on November 3, 1997, and by Amendment No. 8
("Amendment No. 8"), which was filed with the Securities and
Exchange Commission on March 29, 2000.
Since the filing of Amendment No. 8, one of the Reporting Persons
(Citizens Growth Properties) has sold its Shares. The total
number of Shares now held by the Reporting Persons is 1,371,800
Shares.
The cover page for Citizens Growth Properties is hereby amended
to read as shown in this Amendment No. 9. Item 5 is hereby
amended to read as shown in this Amendment No. 9. All other
cover pages and items remain unchanged from the previous filing
of this Schedule 13D, as amended.
NOTE: THE EXECUTION AND SUBMISSION OF THIS STATEMENT
SHALL NOT BE CONSTRUED AS A STATEMENT OR ADMISSION THAT
THE REPORTING PERSONS (I) ARE ACTING AS A GROUP IN THE
ACQUISITION OF THE SHARES, (II) COLLECTIVELY CONSTITUTE
A "PERSON" WITHIN THE MEANING OF SECTION 13(D)(3) OF
THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (THE
"ACT"), OR (III) FOR THE PURPOSES OF SECTION 13(D) OF
THE ACT, ARE THE BENEFICIAL OWNERS OF ANY SHARES OTHER
THAN THE SHARES IN WHICH EACH PERSON IS SPECIFICALLY
IDENTIFIED IN THIS STATEMENT TO HAVE A BENEFICIAL
INTEREST.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The Reporting Persons hereby report beneficial
ownership, in the manner hereinafter described, of 1,371,800
Shares of the Issuer:
<TABLE>
<CAPTION>
Percentage of
Number Of Outstanding
Shares Held in the Name of Shares Security (1)
<S> <C> <C>
Aries Hill Corp. 40,000 0.412%
Brent D. Baird (2) 60,000 0.618%
Anne S. Baird 20,000 0.206%
Cameron D. Baird 100 0.001%
Jane D. Baird 65,000 0.670%
Bridget B. Baird
individually 25,000 0.258%
as successor trustee
under an agreement
dated 12/23/38 (3) 110,000 1.113%
The Cameron Baird 93,200 0.961%
Foundation
Brian D. Baird
individually 19,400 0.220%
as trustee of the
Jane D. Baird
trusts dated 6/15/87 (4) 24,000 0.247%
as successor trustee
f/b/o Jane D. Baird
under an agreement
dated 7/31/22 (3) 65,000 0.670%
Citizens Growth Properties 0 0.000%
Barbara P. Baird
individually 15,000 0.155%
as custodian f/b/o
Jonathan P. Baird (5) 5,300 0.055%
Jeremy J. Baird 5,300 0.055%
Ruth R. Senturia 5,500 0.057%
First Carolina Investors,
Inc. 700,000 7.215%
Cinnamon Investors, Ltd. 45,000 0.464%
Bruce C. Baird 61,000 0.629%
Belmont Contracting Co.,
Inc. 10,000 0.103%
Martha B. Senturia 3,000 0.031%
_____ ______
TOTAL 1,371,800 14.140%
</TABLE>
(1) The foregoing percentages assume that the number of
Shares of the Issuer outstanding is 9,701,480 Shares (as
reported in the Issuer's Form 10-Q as of July 2, 2000).
(2) 15,000 of these Shares are held in a retirement plan
for Brent D. Baird, and 10,000 of these shares are
held in a pension plan for Brent D. Baird.
(3) Jane D. Baird is the income beneficiary; the issue
of Jane D. Baird are the remainder beneficiaries.
(4) The grandchildren of Jane D. Baird are the
beneficiaries of these trusts.
(5) Jonathan P. Baird is a minor child of Barbara P.
Baird and Brian D. Baird.
(b) For each person named in paragraph (a), that person has sole
voting and sole dispositive power over the Shares enumerated
in paragraph (a).
(c) The following sales of the Shares were effected during the
past sixty days:
<TABLE>
<CAPTION>
Sale In The Name Number of Price/ Transaction
Of Date Shares Share Made Through
<S> <C> <C> <C> <C>
Citizens Growth 6/19/00 4,000 8 3/8 Robotti & Co
Properties 6/20/00 1,500 8 Robotti & Co
6/20/00 500 8 3/8 Robotti & Co
6/21/00 2,000 8 1/16 Robotti & Co
6/21/00 2,000 8 1/8 Robotti & Co
6/22/00 2,000 8 1/8 Robotti & Co
6/23/00 3,000 8 1/8 Robotti & Co
6/26/00 2,000 8 1/8 Robotti & Co
6/27/00 2,000 8 1/8 Robotti & Co
6/27/00 2,000 8 Robotti & Co
6/29/00 400 7 7/8 Robotti & Co
6/30/00 2,000 7 7/8 Robotti & Co
7/3/00 2,000 7 3/4 Robotti & Co
7/5/00 2,500 7 3/4 Robotti & Co
7/7/00 4,000 7 7/8 Robotti & Co
7/10/00 2,000 7 3/4 Robotti & Co
7/11/00 2,000 7 7/8 Robotti & Co
7/12/00 2,000 7 13/16 Robotti & Co
7/13/00 2,000 7 3/4 Robotti & Co
7/14/00 2,000 8 Robotti & Co
7/19/00 1,000 8 Robotti & Co
7/20/00 4,000 7 7/8 Robotti & Co
7/25/00 2,000 8 Robotti & Co
7/26/00 2,000 8 Robotti & Co
8/10/00 1,000 7 7/8 Robotti & Co
8/11/00 8,500 7 13/16 Robotti & Co
8/11/00 18,400 7 3/4 Robotti & Co
</TABLE>
(d) Not applicable
(e) Not applicable
<PAGE>
SIGNATURES
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.
DATED this 15th day of August, 2000.
CITIZENS GROWTH PROPERTIES
By: s/Brian D. Baird
Brian D. Baird, Secretary
