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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 P7lDhAz50lG5I5cxkhG5mXSjVwL2OWCecY6EBSUSwqoDxQktfGb1JkEsrClPRAvW
 eNZKxI12HfxyYeruNBqLUw==

<SEC-DOCUMENT>0001019056-03-001330.txt : 20031119
<SEC-HEADER>0001019056-03-001330.hdr.sgml : 20031119
<ACCEPTANCE-DATETIME>20031119183220
ACCESSION NUMBER:		0001019056-03-001330
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031107
FILED AS OF DATE:		20031119

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LEONE CHRISTIAN
		CENTRAL INDEX KEY:			0001242284

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-03924
		FILM NUMBER:		031013980

	MAIL ADDRESS:	
		STREET 1:		C/O LUXOR CAPITAL GROUP LLC
		STREET 2:		599 LEXINGTON AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LCG HOLDINGS LLC
		CENTRAL INDEX KEY:			0001270742
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-03924
		FILM NUMBER:		031013981

	BUSINESS ADDRESS:	
		STREET 1:		599 LEXINGTON AVENUE
		STREET 2:		35TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2125834163

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MAXXAM INC
		CENTRAL INDEX KEY:			0000063814
		STANDARD INDUSTRIAL CLASSIFICATION:	PRIMARY PRODUCTION OF ALUMINUM [3334]
		IRS NUMBER:				952078752
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		5847 SAN FELIPE
		STREET 2:		SUITE 2600
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77057
		BUSINESS PHONE:		7139757600

	MAIL ADDRESS:	
		STREET 1:		5847 SAN FELIPE
		STREET 2:		SUITE 2600
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77057

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MCO HOLDINGS INC
		DATE OF NAME CHANGE:	19881115

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MCCULLOCH OIL CORP
		DATE OF NAME CHANGE:	19800630

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MCCULLOCH OIL CORP OF CALIFORNIA
		DATE OF NAME CHANGE:	19691118
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>3</documentType><periodOfReport>2003-11-07</periodOfReport>
    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000063814</issuerCik>
        <issuerName>MAXXAM INC</issuerName>
        <issuerTradingSymbol>MXM</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001270742</rptOwnerCik>
            <rptOwnerName>LCG HOLDINGS LLC</rptOwnerName>
        </reportingOwnerId>
<reportingOwnerAddress><rptOwnerStreet1>599 Lexington Avenue, 35th Floor</rptOwnerStreet1><rptOwnerStreet2/><rptOwnerCity>New York</rptOwnerCity><rptOwnerState>NY</rptOwnerState><rptOwnerZipCode>10022</rptOwnerZipCode></reportingOwnerAddress><reportingOwnerRelationship><isDirector>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001242284</rptOwnerCik>
            <rptOwnerName>LEONE CHRISTIAN</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O LUXOR CAPITAL GROUP LLC</rptOwnerStreet1>
            <rptOwnerStreet2>599 LEXINGTON AVE</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDerivativeHolding><securityTitle><value>Common Stock</value></securityTitle><postTransactionAmounts><sharesOwnedFollowingTransaction><value>256942</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>By Luxor Capital Partners, LP</value><footnoteId id="F1"/></natureOfOwnership></ownershipNature></nonDerivativeHolding><nonDerivativeHolding><securityTitle><value>Common Stock</value></securityTitle><postTransactionAmounts><sharesOwnedFollowingTransaction><value>385738</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>By Luxor Capital Partners Offshore, Ltd.</value><footnoteId id="F2
"/></natureOfOwnership></ownershipNature></nonDerivativeHolding></nonDerivativeTable><footnotes><footnote id="F1">(1)	The general partner of Luxor Capital Partners, LP is Luxor Capital Group, LLC.  The sole member and manager of Luxor Capital Group, LLC is LCG Holdings, LLC, of which Christian Leone is the manager and sole member. LCG Holdings, LLC and Mr. Leone may be deemed to have voting and dispositive power with respect to the shares held by Luxor Capital Partners, LP.  Mr. Leone disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that Mr. Leone is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.</footnote><footnote id="F2">(2)	The investment manager of Luxor Capital Partners Offshore, Ltd. is Luxor Capital Holdings, LP. Luxor Management, LLC is the general partner of Luxor Capital Holdings, LP.  The sole member and 
manager of Luxor Management, LLC is LCG Holdings, LLC, of which Christian Leone is the Manager and the sole member. LCG Holdings, LLC and Mr. Leone may be deemed to have voting and dispositive power with respect to the shares held by Luxor Capital Partners Offshore, Ltd.  Mr. Leone disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that Mr. Leone is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.</footnote></footnotes><remarks/><ownerSignature><signatureName>Christian Leone</signatureName><signatureDate>2003-11-19</signatureDate></ownerSignature></ownershipDocument>

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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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