SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

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

                        Clarion Commercial Holdings, Inc.
                                (Name of Issuer)

                              Class A Common Stock
                         (Title of Class of Securities)

                                    18051W109
                                 (CUSIP Number)

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).

         Check the  appropriate box to designate the rule pursuant to which this
Schedule is filed:

                  [X ]     Rule 13d-1(b)
                  [  ]     Rule 13d-1(c)
                  [  ]     Rule 13d-1(d)

         Check the following box if a fee is being paid with this statement.  (A
fee is not required only if the filing 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.)










CUSIP No. 18051W109

1        NAME OF REPORTING PERSON
                  Millenco L.P.

         I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)

2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                           (a) / /
                                                           (b) / /
3        SEC USE ONLY

4        CITIZENSHIP OR PLACE OF ORGANIZATION
                  Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

         5        SOLE VOTING POWER
                           364,800

         6        SHARED VOTING POWER
                           0

         7        SOLE DISPOSITIVE POWER
                           364,800

         8        SHARED DISPOSITIVE POWER
                           0

9        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                           364,800

10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
                  / /

11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                  8.5%

12       TYPE OF REPORTING PERSON*
                  BD







Item 1.

          (a)  Name of Issuer:

               Clarion Commercial Holdings, Inc.

          (b)  Address of Issuer's Principal Executive Offices:

               335 Madison Avenue
               New York, NY   10017

Item 2.   Name of Person Filing

          (a)  Name of Person Filing:

               Millenco L.P.

          (b)  Address of Principal Office:

               666 5th Avenue
               New York, New York   10103

          (c)  Citizenship:

               Delaware

          (d) Title of Class of Securities:

               Class A Common Stock

          (e) CUSIP Number:

               18051W109




Item              3. If  Statement  is filed  pursuant  to Rules  13(d)-1(b)  or
                  13d-2(b), check whether Person Filing is a:

                  (a)         /X/ Broker or Dealer  registered  under Section 15
                              of the Act.
                  (b)         / / Bank as defined in section  3(a)(6) of the Act
                  (c)         / /Insurance Company as defined in section 3(a)
                              (19)of the Act.
                  (d)         / / Investment  Company registered under section 8
                              of the Investment Company Act.
                  (e)         / / Investment  Adviser  registered  under section
                              203 of the Investment Advisers Act of 1940
                  (f)         / / Employee  Benefit Plan,  Pension Fund which is
                              subject  to  the   provisions   of  the   Employee
                              Retirement   Income   Security   Act  of  1974  or
                              Endowment Fund; see 240.13d-1(b)(1)(ii)(F)
                  (g)         / / Parent  Holding  Company,  in accordance  with
                              240.13d-1(b)(1)(ii)(G) (Note: See Item 7)
                  (h)         / / Group, in accordance with 240.13d-1(b)(1)(ii)
                              (H)

Item 4.   Ownership.

                  The  information in Items 1 and 5 through 11 in the cover page
                  (page 2) hereof is hereby incorporated by reference.

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 / /.

Item 6.  Ownership of More Than Five Percent on Behalf of Another Person.

                  Not applicable.

Item 7.  Identification and Classification of Members of the Subsidiary Which
         Acquired the Securities Being Reported on by the Parent Holding
         Company.

                  Not applicable.

Item 8.  Identification and Classification of Members of the Group.

                  Not applicable.

Item 9.  Notice of Dissolution of Group.

                  Not applicable.

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 and are held for the purpose of or with the effect of
                  changing  or  influencing  the  control  of the  issuer of the
                  securities   and  were  not  acquired  and  are  not  held  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.


Millenco L.P.


By: Millennium Management, L.L.C.
    General Partner

By: /s/ Terry Feeney
    -----------------------
    Terry Feeney
    Chief Administrative Officer

Date: February 9, 2000