content: <PAGE>   1
  	      SECURITIES AND EXCHANGE COMMISSION        --------------------
  		    WASHINGTON, DC 20549                S.E.C. USE ONLY 
  		       FORM 144                         --------------------
  	    NOTICE OF PROPOSED SALE OF SECURITIES       Document Sequence No.
  	  PURSUANT TO RULE 144 UNDER THE SECURITIES
  			  ACT OF 1933                   ---------------------
  							CUSIP Number
  	  ATTENTION: TRANSMIT FOR FILING THREE COPIES
  		 OF THIS FORM CONCURRENTLY WITH         ---------------------
  	  EITHER PLACING AN ORDER WITH A BROKER TO      Work Location
  	       EXECUTE A SALE OR EXECUTING A SALE 
  		DIRECTLY WITH A MARKET MAKER.           ---------------------
  
  -----------------------------------------------------------------------------
  1(a) Name of Issuer                (b) I.R.S. Ident. No.  (c) S.E.C. File No.
       Chris-Craft Industries, Inc.      94-1461226             1-2999 
  -----------------------------------------------------------------------------
  1(d) Address of Issuer                                    (e) Telephone No.
       Street              City           State  Zip Code       ------------
       767 Fifth Avenue    New York       NY     10153          Area   Number
  							      Code
  							      212    421-0200
  -----------------------------------------------------------------------------
  2(a) Name of Person For Whose Account   (b) Social Security  (c) Relationship
       the Securities are to be Sold          No. or I.R.S.        to Issuer
  					    Ident. No.
       Lawrence R. Barnett                                          Director
                                                                    
   (d) Address
       Street             City       State   Zip Code
       767 Fifth Avenue   New York   NY      10153
  -----------------------------------------------------------------------------
  <TABLE>
  <CAPTION>
  3(a)                  (b)                                                              (c)                  (d)
  Title of the          Name and Address of Each Broker              S.E.C. USE ONLY     Number of Shares     Aggregate
  Class of              Through Whom the Securities Are to be        ---------------     or Other Units       Market
  Securities            Offered or Each Market Maker Who is          Broker-Dealer       to be Sold           Value
  to be Sold            Acquiring the Securities                     File Number         (See Instr. 3(c))    (See Instr. 3(d))
  -----------------------------------------------------------------------------------------------------------------------------
  <S>                   <C>                                          <C>                 <C>                  <C>
  Common Stock          Hamershlag Kempner                                               25,000               $000,000.00
                        11 W. 42d St.                                                                         as of 10/19/98
                        New York NY  10036
  -----------------------------------------------------------------------------------------------------------------------------
  <CAPTION>
  (e)                      (f)                    (g)
  Number of Shares         Approximate            Name of Each
  or Other Units           Date of Sale           Securities
  Outstanding              (See Instr. 3(f))      Exchange
  (See Instr. 3(e))        (Mo., Day, Yr.)        (See Instr. 3(g))
  --------------------------------------------------------------------------------------------------
  <S>                      <C>                    <C>
  24,513,476              10/20/98                NYSE
  --------------------------------------------------------------------------------------------------
  </TABLE>
  
  <PAGE>   2
  			 TABLE I AND TABLE II
   
  			 TABLE I--SECURITIES TO BE SOLD
      FURNISH THE FOLLOWING INFORMATION WITH RESPECT TO THE ACQUISITION OF THE
  			 SECURITIES TO BE SOLD AND WITH
      RESPECT TO THE PAYMENT OF ALL OR ANY PART OF THE PURCHASE PRICE OR OTHER
  			    CONSIDERATION THEREFOR:
  
  <TABLE>
  <CAPTION>
  
  Title of       Date You    Nature of Acquisition    Name of Person From       Amount of         Date of      Nature of Payment
  the Class      Acquired    Transaction              Whom Acquired             Securities        Payment
  						    (If gift, also give       Acquired
  						    date donor acquired)
  ------------------------------------------------------------------------------------------------------------------------------
  <S>            <C>         <C>                      <C>                       <C>               <C>          <C>
  Common Stock   5/26/98     Conversion of Class B    Chris-Craft Industries,   25,000            N/A          N/A
                             Common Stock held more     Inc.
                             than 2 years
  -----------------------------------------------------------------------------------------------------------------------------
  	    TABLE II--SECURITIES SOLD DURING THE PAST THREE MONTHS
       FURNISH THE FOLLOWING INFORMATION AS TO ALL SECURITIES OF THE ISSUER
  			  SOLD DURING THE PAST THREE
       MONTHS BY THE PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD:
  -----------------------------------------------------------------------------------------------------------------------------
  Name and Address of Seller             Title of Securities Sold         Date of Sale         Amount of        Gross Procceds
  											     Securities
  											     Sold
  -----------------------------------------------------------------------------------------------------------------------------
  <S>                                    <C>                              <C>                  <C>              <C>
  
  -----------------------------------------------------------------------------------------------------------------------------
  </TABLE>
  REMARKS:
  
                                  October 19, 1998
  				----------------
  				(Date of Notice)
  ATTENTION:
  The person for whose account the securities to which this notice relates are to
  be sold hereby represents by signing this notice that he does not know of any 
  material adverse information in regard to the current and prospective
  operations of the issuer of the securities to be sold which has not been
  publicly disclosed.
  
  
  
                               /s/ Lawrence R. Barnett
                               -----------------------
  				  (Signature)
   
   
   ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSION OF FACTS CONSTITUTE 
  		FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
metadata_documents: [{"type": "144", "sequence": "1", "description": "FORM 144/LRB", "secsgml_size_bytes": 6512}]
text: 1
  	      SECURITIES AND EXCHANGE COMMISSION        --------------------
  		    WASHINGTON, DC 20549                S.E.C. USE ONLY 
  		       FORM 144                         --------------------
  	    NOTICE OF PROPOSED SALE OF SECURITIES       Document Sequence No.
  	  PURSUANT TO RULE 144 UNDER THE SECURITIES
  			  ACT OF 1933                   ---------------------
  							CUSIP Number
  	  ATTENTION: TRANSMIT FOR FILING THREE COPIES
  		 OF THIS FORM CONCURRENTLY WITH         ---------------------
  	  EITHER PLACING AN ORDER WITH A BROKER TO      Work Location
  	       EXECUTE A SALE OR EXECUTING A SALE 
  		DIRECTLY WITH A MARKET MAKER.           ---------------------
  
  -----------------------------------------------------------------------------
  1(a) Name of Issuer                (b) I.R.S. Ident. No.  (c) S.E.C. File No.
       Chris-Craft Industries, Inc.      94-1461226             1-2999 
  -----------------------------------------------------------------------------
  1(d) Address of Issuer                                    (e) Telephone No.
       Street              City           State  Zip Code       ------------
       767 Fifth Avenue    New York       NY     10153          Area   Number
  							      Code
  							      212    421-0200
  -----------------------------------------------------------------------------
  2(a) Name of Person For Whose Account   (b) Social Security  (c) Relationship
       the Securities are to be Sold          No. or I.R.S.        to Issuer
  					    Ident. No.
       Lawrence R. Barnett                                          Director
                                                                    
   (d) Address
       Street             City       State   Zip Code
       767 Fifth Avenue   New York   NY      10153
  -----------------------------------------------------------------------------
  3(a)                  (b)                                                              (c)                  (d)
  Title of the          Name and Address of Each Broker              S.E.C. USE ONLY     Number of Shares     Aggregate
  Class of              Through Whom the Securities Are to be        ---------------     or Other Units       Market
  Securities            Offered or Each Market Maker Who is          Broker-Dealer       to be Sold           Value
  to be Sold            Acquiring the Securities                     File Number         (See Instr. 3(c))    (See Instr. 3(d))
  -----------------------------------------------------------------------------------------------------------------------------
  Common Stock          Hamershlag Kempner                                               25,000               $000,000.00
                        11 W. 42d St.                                                                         as of 10/19/98
                        New York NY  10036
  -----------------------------------------------------------------------------------------------------------------------------
  (e)                      (f)                    (g)
  Number of Shares         Approximate            Name of Each
  or Other Units           Date of Sale           Securities
  Outstanding              (See Instr. 3(f))      Exchange
  (See Instr. 3(e))        (Mo., Day, Yr.)        (See Instr. 3(g))
  --------------------------------------------------------------------------------------------------
  24,513,476              10/20/98                NYSE
  --------------------------------------------------------------------------------------------------
  2
  			 TABLE I AND TABLE II
   
  			 TABLE I--SECURITIES TO BE SOLD
      FURNISH THE FOLLOWING INFORMATION WITH RESPECT TO THE ACQUISITION OF THE
  			 SECURITIES TO BE SOLD AND WITH
      RESPECT TO THE PAYMENT OF ALL OR ANY PART OF THE PURCHASE PRICE OR OTHER
  			    CONSIDERATION THEREFOR:
  Title of       Date You    Nature of Acquisition    Name of Person From       Amount of         Date of      Nature of Payment
  the Class      Acquired    Transaction              Whom Acquired             Securities        Payment
  						    (If gift, also give       Acquired
  						    date donor acquired)
  ------------------------------------------------------------------------------------------------------------------------------
  Common Stock   5/26/98     Conversion of Class B    Chris-Craft Industries,   25,000            N/A          N/A
                             Common Stock held more     Inc.
                             than 2 years
  -----------------------------------------------------------------------------------------------------------------------------
  	    TABLE II--SECURITIES SOLD DURING THE PAST THREE MONTHS
       FURNISH THE FOLLOWING INFORMATION AS TO ALL SECURITIES OF THE ISSUER
  			  SOLD DURING THE PAST THREE
       MONTHS BY THE PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD:
  -----------------------------------------------------------------------------------------------------------------------------
  Name and Address of Seller             Title of Securities Sold         Date of Sale         Amount of        Gross Procceds
  											     Securities
  											     Sold
  -----------------------------------------------------------------------------------------------------------------------------
  -----------------------------------------------------------------------------------------------------------------------------
  REMARKS:
  
                                  October 19, 1998
  				----------------
  				(Date of Notice)
  ATTENTION:
  The person for whose account the securities to which this notice relates are to
  be sold hereby represents by signing this notice that he does not know of any 
  material adverse information in regard to the current and prospective
  operations of the issuer of the securities to be sold which has not been
  publicly disclosed.
  
                               /s/ Lawrence R. Barnett
                               -----------------------
  				  (Signature)
   
   
   ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSION OF FACTS CONSTITUTE 
  		FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).