Form: SC 13G/A

Statement of Beneficial Ownership by Certain Investors

SC 13G/A: Statement of Beneficial Ownership by Certain Investors

Published on




SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G
Under the Securities Exchange Act of 1934

Amendment #1

Name of
Issuer: KAISER ALUMINUM CORP
_____________________________________________________

Title of Class
of Securities: Preferred Stock

CUSIP Number: 483007407

1) NAME OF I.R.S. IDENTIFICATION NO. OF REPORTING PERSON

The Prudential Insurance Company of America 22-1211670

2.) MEMBER OF A GROUP: (a) N/A
(b) N/A

3) SEC USE ONLY:



4) PLACE OF ORGANIZATION: A mutual insurance company organized
under the laws of the State of New Jersey

NUMBER OF SHARES BENEFICIALLY OWNED BY REPORTING PERSON WITH:

5) Sole Voting Power: 0 Not Applicable
6) Shared Voting Power: 0 Not Applicable
7) Sole Dispositive Power: 0 Not Applicable
8) Shared Dispositive Power: 0 Not Applicable

9) AGGREGATE AMOUNT BENEFICIALLY OWNED:
0 Not Applicable

10) AGGREGATE AMOUNT IN ROW (9) EXCLUDES SHARES: Not Applicable

11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
0.00 Not Applicable

12) TYPE OF REPORTING PERSON: IC, IA

ITEM 1(a). NAME OF ISSUER:

KAISER ALUMINUM CORP

ITEM 1(b). ADDRESS OF ISSUER'S EXECUTIVE OFFICES:

KAISER ALUMINUM CORP
5847 San Felipe
Suite 2600
Houston, TX 77057




ITEM 2(a). NAME OF PERSON FILING:

The Prudential Insurance Company of America

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE:

751 Broad Street
Newark, New Jersey 07102-3777

ITEM 2(c). CITIZENSHIP:

A mutual insurance company organized under the
laws of
the State of New Jersey

ITEM 2(d). TITLE OF CLASS OF SECURITIES:

Preferred Stock

ITEM 2(e). CUSIP NUMBER:

483007407

ITEM 3. The Person filing this statement is an Insurance
Company
as defined in Section 3(a) (19) of the Securities
Exchange
Act of 1934, and an Investment Adviser registered
under
Section 203 of the Investment Advisers Act of 1940.

ITEM 4. OWNERSHIP:

(a) Number of Shares
Beneficially Owned: 0 Not Applicable

(b) Percent of Class: 0.00

Number
(c) Powers Of Shares

- ------------------------------------- --------------------------
Sole power to vote or 0 Not Applicable
to direct the vote

Shared power to vote or 0 Not Applicable
to direct the vote

Sole power to dispose or 0 Not Applicable
to direct disposition

Shared power to dispose 0 Not Applicable
or to direct disposition

ITEM 5. OWNERSHIP OF 5% OR LESS OF A CLASS:

Prudential has ceased to be the owner of more than 5% of the
outstanding Common Stock of this issuer.

ITEM 6. OWNERSHIP OF MORE THAN 5% ON BEHALF OF
ANOTHER PERSON:

Not Applicable

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE
SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING
REPORTED ON BY THE ULTIMATE PARENT 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, the Prudential Insurance Company of America
certifies that, to the best of its knowledge and belief, the
securities referred to above were acquired in the ordinary course
of business and were not acquired for the purpose of and do not
have the effect of changing or influencing the control of the
issuer of such securities and were not acquired in connection
with or as a participant in any transaction having such purpose
or effect.

The filing of this statement should not be construed as an
admission that
Prudential is, for purposes of Sections 13 or 16 of the Securities
Exchange Act of 1934, the beneficial owner of such shares.



SIGNATURE

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


THE PRUDENTIAL INSURANCE COMPANY OF AMERICA

By: Richard S. Biegen
Director, Securities Law Compliance

Date: 02/08/97
As of: 12/31/96


Exhibit A
--------------

ITEM 6. OWNERSHIP:

The Prudential Insurance Company of America ('Prudential') may have direct
or indirect voting and/or investment discretion over 0 shares of the
Issuer's preferred stock which are held for the benefit of its clients by
its separate accounts, externally managed accounts, registered investment
companies, subsidiaries and/or other affiliates. Prudential is reporting
the combined holdings of these entities for the purpose of administrative
convenience.

These shares were acquired in the ordinary course of business, and not
with the purpose or effect of changing or influencing control of the
Issuer. The filing of this statement should not be construed as an
admission that Prudential is, for the purposes of Section 13 or 16 of the
Securities Exchange Act of 1934, the beneficial owner of these shares.