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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 JKVsLEbdX1uGVPno2djPZUxI+pudJeZVhMWRIEWW25DvhpF9JKSml1kkS/kjPSgl
 nwlFRcmqjoDit20s/f6yZA==

<SEC-DOCUMENT>0000912462-94-000053.txt : 19980206
<SEC-HEADER>0000912462-94-000053.hdr.sgml : 19980206
ACCESSION NUMBER:		0000912462-94-000053
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19940222
DATE AS OF CHANGE:		19980204
SROS:			NONE

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RYLAND GROUP INC
		CENTRAL INDEX KEY:			0000085974
		STANDARD INDUSTRIAL CLASSIFICATION:	1531
		IRS NUMBER:				520849948
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		
		SEC FILE NUMBER:	005-32337
		FILM NUMBER:		94510912

	BUSINESS ADDRESS:	
		STREET 1:		11000 BROKEN LAND PARKWAY
		CITY:			COLUMBIA
		STATE:			MD
		ZIP:			21044
		BUSINESS PHONE:		4107157000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RYAN JAMES P CO
		DATE OF NAME CHANGE:	19720414

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NATIONSBANK CORP/FA
		CENTRAL INDEX KEY:			0000912462
		STANDARD INDUSTRIAL CLASSIFICATION:	0000
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		NATIONSBANK PLAZA
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28255
		BUSINESS PHONE:		4046073731
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<DESCRIPTION>4TH QTR. ESOP
<TEXT>


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----