FORM 4
[ ]Check box if no longer          U.S. SECURITIES AND EXCHANGE COMMISSION
subject to Section 16.                      Washington, D.C. 20549
Form 4 or Form 5 obligations
may continue.  See Instruc-     STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
ion 1(b).
       Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
          Section 17(a) of the Public Utility Holding Company Act of 1935 or
                Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person| 2. Issuer Name and Ticker or Trading
Linowes       David                F.  |    Symbol
(Last)       (First)           (Middle)|    Chris-Craft Industries, Inc. (CCN)
         803 Fairway Drive             |--------------------------------------
            (Street)                   |3. IRS or Social Security Number of
Champaign     IL                  61820|   Reporting Person (Voluntary)
(City)      (State)               (Zip)|
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4. Statement of Month/Year |5. If Amendment, Date of Original (Month/Year)
   04/01                   |
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6. Relationship of Reporting Person to  |7. Individual or Joint/Group Filing
   Issuer (Check all applicable)        |
                                        |   x  Form filed by one Reporting
    x  Director           10% Owner     |  --- Person
   ---                ---               |
       Officer (give      Other (specify|      Form filed by more than one
   --- title below)   --- below)        |  --- Reporting Person
                                        |
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Table I - Non-Derivative Securties Acquired, Disposed of, or Beneficially Owned


1. Title of security     2.Transaction     3.Transaction      4.Securities       5.Amount of         6.Ownership     7.Nature of
                           Date              Code               Acquired (A)       Securities          Form:           Indirect
                          (Month/Day/Year)                      or Disposed        Beneficially        Direct (D)      Beneficial
                                                                of (D)             Owned at End        Indirect (I)    or Ownership
                                                                                   of Month
                                             Code   V      Amount    (A)  Price
                                                                      or
                                                                     (D)
                                                                                            
Common stock              04/11/01           M             5967      A    38.2050
                          04/06/01           S             5967      D    63.10     516               D
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FORM  4 (Continued)         Table II-Derivative Securities Acquired, Disposed
                              of, or Beneficially Owned (e.g. puts, calls,
                              warrants, options, convertible securities)



1. Title of            2. Conversion or     3. Transaction  4. Transaction  5. Number of        6. Date
   Derivative             Exercise Price       Date            Code            Derivative          Exercisable
   Security               of Derivative        (Month/                         Securities          and Expiration
                          Security             Day/Year)                       Acquired (A)        Date
                                                                               or Disposed         (Month/Day/Year)
                                                                               of (D)              Date         Expiration
                                                               Code  V         (A)      (D)        Exercisable  Date
                                                                                        
Director stock option
  (right to buy)          38.2050              04/06/01        M               5967                04/25/96     04/24/01

7. Title and Amount of       8. Price of             9. Number of            10. Ownership     11. Nature
   Underlying Securities        Derivative              Derivative               Form of           of
                                Security                Securities               Derivative        Indirect
                                                        Beneficially             Security:         Beneficial
                                                        Owned at End             Direct (D)        Ownership
                                                        of Month                 or
                                                                                 Indirect (I)
Title           Number
                of Shares
                                                                                    
Common stock    5967         --                         --                       D

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Explanation of Responses:


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   /s/David F. Linowes                           May 7, 2001
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  Signature of Reporting Person                      Date