UNITED STATES
                          SECURITIES AND EXCHANGE COMMISSION
                                Washington, D.C. 20549

                                     SCHEDULE 13D

                      Under the Securities Exchange Act of 1934
                                (Amendment No. _____)*

                           PRICE COMMUNICATIONS CORPORATION
                                   (Name of Issuer)

                             COMMON STOCK, $.01 par value
                            (Title of Class of Securities)

                                      741437305
                                    (CUSIP Number)

                                     Bruce Ovitz
                          30 South Wacker Drive, Suite 1800
                               Chicago, Illinois  60606
               (Name, Address and Telephone Number of Person Authorized
                        to Receive Notices and Communications)

                                     May 9, 1994
               (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 [ X ]. 
     (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).

                                     No Exhibits




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                                     SCHEDULE 13D

     CUSIP No.  741437305  
     ___________________________________________________________________________
     1    NAMES OF REPORTING PERSON S.S. OR 
          I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
          Bruce D. Ovitz
     ___________________________________________________________________________
     2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*              (a) / /
                                                                         (b) / /
     ___________________________________________________________________________
     3    SEC USE ONLY
     ___________________________________________________________________________
     4    SOURCE OF FUNDS*
          WC 00
     ___________________________________________________________________________
     5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
          PURSUANT TO ITEMS 2(d) or 2(e)                                     / /
     ___________________________________________________________________________
     6    CITIZENSHIP OR PLACE OF ORGANIZATION
          United States
     ___________________________________________________________________________
                          7   SOLE VOTING POWER
     NUMBER OF SHARES         586,849
       BENEFICIALLY      _______________________________________________________
        OWNED BY          8   SHARED VOTING POWER
          EACH                -0-
        REPORTING        _______________________________________________________
         PERSON           9   SOLE DISPOSITIVE POWER
          WITH                586,849
                         _______________________________________________________
                         10   SHARED DISPOSITIVE POWER
                              -0-
     ___________________________________________________________________________
     11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
          586,849
     ___________________________________________________________________________
     12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) 
          EXCLUDES CERTAIN SHARES*                                           / /
     ___________________________________________________________________________
     13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
          5.9% assuming 10,022,864 Shares of Common Stock are outstanding
     ___________________________________________________________________________
     14   TYPE OF REPORTING PERSON*
          IN
     ___________________________________________________________________________
                        *SEE INSTRUCTIONS BEFORE FILLING OUT!
             INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
         (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.





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          ITEM 1.  SECURITY AND ISSUER

          This Statement on Schedule 13D relates to the Common Stock, $.01
          par value ("Common Stock"), of Price Communications Corporation
          ("Issuer"), whose principal offices are located at 345
          Rockefeller Plaza, 30th Floor, New York, New York  10020.


          ITEM 2.  IDENTITY AND BACKGROUND

          This Statement on Schedule 13D is filed with the Securities and
          Exchange Commission by Bruce D. Ovitz ("Ovitz"), as general
          partner of Grant Partners I, an Illinois limited partnership,
          Grant Partners II, an Illinois limited partnership, and Grant
          Partners VI, an Illinois limited partnership (collectively, the
          "Limited Partnerships").  Each Limited Partnership's principal
          business is investments and address is 30 South Wacker Drive,
          Suite 1800, Chicago, Illinois  60606.

          Ovitz's principal occupation is serving as general partner of
          each of the Limited Partnerships.  During the past five years,
          Ovitz has not been convicted in a criminal proceeding (excluding
          traffic violations or similar misdemeanors) nor has he been a
          party to a civil proceeding of a judicial or administrative body
          of competent jurisdiction where as a result of such proceeding he
          was or is subject to a judgment, decree or final order enjoining
          future violations of, or prohibiting or mandating activities
          subject to, federal or state securities laws or finding any
          violation with respect to such laws.  Ovitz is a citizen of the
          United States.


          ITEM 3.  SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

          The Limited Partnerships acquired the Common Stock with working
          capital of the Limited Partnerships.  Some of the Common Stock
          was purchased through margin accounts.


          ITEM 4.  PURPOSE OF TRANSACTION

          Ovitz, acting as general partner for each of the Limited
          Partnerships, acquired the Common Stock for investment and may
          acquire additional Common Stock in the future for investment.


          ITEM 5.  INTEREST IN SECURITIES OF THE ISSUER

          (a)  The aggregate number of shares of Common Stock beneficially
               owned by Ovitz, as general partner of each of the Limited
               Partnerships, within the meaning of Section 13(d) of the
               Securities Exchange Act of 1934, is 586,849 (5.9% of the


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               total amount outstanding, assuming 10,022,864 Shares of
               Common Stock are outstanding).

          (b)  As general partner of each of the Limited Partnerships,
               Ovitz has sole power to vote and to direct the disposition
               of the shares of Common Stock beneficially owned by him.

          (c)  Ovitz, acting as general partner for each of the Limited
               Partnerships, purchased a total of 20,500 shares of Common
               Stock for a purchase price of $88,291.45 on May 2, 1994 and
               sold 25,000 shares of Common Stock for a sale price of
               $104,747.50 on March 25, 1994.  On May 2, an injunction
               preventing the Issuer's repurchase of 2,249,087 shares of
               its Common Stock was lifted.  Ovitz became a 5% stockholder
               as a result of the Issuer's repurchase of its Common Stock
               which became effective May 2, 1994.  The average purchase
               price per share was $2.80.

          (d)  Not applicable.

          (e)  Not applicable.


          ITEM 6.  CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
          WITH RESPECT TO SECURITIES OF THE ISSUER

          There are no contracts, arrangements, understandings or
          relationships with respect to securities of the issuer among the
          persons named in Item 2 above.


          ITEM 7.  MATERIAL TO BE FILED AS EXHIBITS

          None.




















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          Signatures


          After reasonable inquiry and to the best of its knowledge and
          belief, the undersigned certifies that the information set forth
          in this statement is true, complete and correct.


          Dated:  May 18, 1994


                                   /s/ Bruce D. Ovitz
                                   Bruce D. Ovitz, as General Partner of
                                   Grant Partners I, Grant Partners II and
                                   Grant Partners VI


          ATTENTION:  INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT
          CONSTITUTE CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).



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