UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13D
                    Under the Securities Exchange Act of 1934
                               (Amendment No. 4*)

                               Oriole Homes Corp.

                                (Name of Issuer)

                    Common Stock, Class A, Class B, Par Value
                           (Title of Class Securities)

                               686264102 (Class A)
                               686264201 (Class B)
                                 (Cusip Number)


                            Andrew J. McLaughlin, Jr.
                          c/o Loeb Partners Corporation
                     61 Broadway, N.Y., 10006 (212) 425-0400

 (Name, address and Telephone Number of Person Authorized to Receive Notices and
                              Communications

                                  March 3, 1998

            (Date of Event which Requires Filing of this Statement)

If the filing person has previously  filed a statement on Schedule 13G to report
the  acquisition  which is the subject of this  Schedule 13D, and is filing this
schedule  because of Rule 13d-1(b)(3) or (4), check the following box [ ]. Check
the  following  box if a fee is being  paid  with  statement  [ ]. (A fee is not
required only if the following reporting person: (1) has a previous statement on
file  reporting  beneficial  ownership of more than five percent of the class of
securities  described  is 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.) Note:  Six copies of this  statement,  including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for other parties to whom
copies are to be sent. *The remainder of this cover page shall be filled out for
a reporting  person's  initial  filing on this form with  respect to the subject
class of securities,  and for any subsequent  amendment  containing  information
which would alter  disclosures  provided in a prior cover page. The  information
required  on the  remained  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).



                                  SCHEDULE 13D

CUSIP NO. 686264102 - 686264201

1  NAME OF REPORTING PERSON
   S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         Andrew J. McLaughlin, Jr.

2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                   (a) [  ]

                                                                       (b)[  ]
3  SEC USE ONLY

4  SOURCE OF FUNDS*

         PF

5  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
    PURSUANT TO ITEMS 2(d) or 2(e)                                       [   ]

6  CITIZENSHIP OR PLACE OF ORGANIZATION

         USA

NUMBER OF          7  SOLE VOTING POWER
SHARES                181,700 Shares, assuming conversion of Class A Common
BENEFICIALLY       8  SHARED VOTING POWER
OWNED BY               16,000 Shares, assuming conversion of Class A Common
EACH               9  SOLE DISPOSITIVE POWER
REPORTING             181,700 Shares, assuming conversion of Class A Common
PERSON WITH        10 SHARED DISPOSITIVE POWER
                       16,000 Shares, assuming conversion of Class A Common

11  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
         197,700 Shares, assuming conversion of Class A Common

12  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

13  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
         7.0%

14  TYPE OF REPORTING PERSON*
         IN PN



Item 1.  Security and Issuer.

This report relates to the Common Stock, Class B of Oriole Homes Corp. Its chief
executive  officer is Mark A. Levy. The principal  executive offices are located
at 1690 South  Congress  Avenue,  Delray  Beach,  Florida,  33445.  This  report
reflects the purchase of shares of Class A Common Stock and Class B Common Stock
par value $.10 per share.

Item 2.  Identity and Background.

This  report is being  filed by Andrew J.  McLaughlin,  Jr. as to (i) shares for
which Andrew J. McLaughlin,  Jr. has sole voting or dispositive  power; and (ii)
shares for which  Andrew J.  McLaughlin,  Jr. has shared  voting or  dispositive
power. Andrew J. McLaughlin, Jr. is a registered representative of Loeb Partners
Corporation, a registered broker/dealer, 61 Broadway, New York, New York, 10006.
Andrew J.  McLaughlin,  Jr. is a United States  citizen.  He has not, within the
last five years,  been  convicted in a criminal  proceeding  (excluding  traffic
violations or similar misdemeanors),  or been a party to a civil proceeding of a
judicial or  administrative  body of competent  jurisdiction  and as a result of
such  proceeding  been or is  subject  to a  judgment,  decree  or  final  order
enjoining future violations of, or prohibiting or mandating  activities  subject
to, federal or state  securities laws or finding any violations with respects to
such  laws.  McLaughlin  Family  Fund is a  partnership  comprised  of Andrew J.
McLaughlin, Jr. as general partner and his children,  nephews, nieces as limited
partners.

Item 3.  Source and Amount of Funds or Other Compensation.

The shares,  the  ownership  of which is  reported  hereby  were  acquired  with
personnel, partnership or trust funds.

Item 4.  Purpose of Transaction.

The  shares,  the  ownership  of which is reported  hereby,  were  acquired  for
investment  purposes.  The  reporting  persons  reserve  the  right  to  acquire
additional  shares,  or to dispose of some or all of their shares, in accordance
with applicable  regulations.  Mr. McLaughlin may from time to time discuss with
members of the issuer's  management  various  ideas with a view to enhancing the
value  of the  shares,  but he is  not  presently  contemplating  any  plans  or
proposals required to be described in answer to this Item 4.


Item 5.  Interest in Securities of the Issuer.

(a)   and (b).    The respective number of shares of the Company's
Class B Common Stock held are:

I.    Shares as to which Andrew J. McLaughlin, Jr. has sole voting or
dispositive power.

Number of Shares of Class B
Common Stock                                           Beneficial Owner
107,300                                                Andrew J. McLaughlin, Jr.



II.   Shares as to which Andrew J. McLaughlin, Jr. has shared voting
 or dispositive power.

Number of Shares of Class B
Common Stock                     Beneficial Owner
11,700                           Thomas L. Kempner, Irwin D. Rowe, Andrew J.
                                 McLaughlin, Jr. as Trustees for Loeb Rhoades
                                 Hornblower Profit Sharing Trading for
                                 Account of Andrew J. McLaughlin, Jr.


119,000 (4.3%)

Percentages are computed on the basis of 2,750,575 outstanding shares of Class B
Common Stock reported by the Company as of September 30, 1997 in its most recent
10-Q filing.

III. Shares covered by convertible Common Stock,Class A, par value $.10 owned by
person named above.  Andrew J. McLaughlin,  Jr.,  McLaughlin Family Fund and the
trust referred to in II above own convertible  Common Stock,  Class A. par value
$.10 in the  amounts of 65,100,  9,300 and 4,300  respectively.  Such shares are
convertible  at the rate of one share of Common  Stock,  Class B for each share.
Assuming only conversion of these shares,  there would have been 2,829,275 Class
B Common  shares  outstanding  as of March 3, 1998 and the persons named in this
Item 2 would have owned in the aggregate 197,700 shares (7.0% of 2,829,275).

(c) The following purchases have been made within the last 60 days.


                                                       # of
Purchaser                  Security       Price       Shares  Trade Date

McLaughlin Family Fund     Cl.A Common    4.375       1000    02-18-98

Andrew J. McLaughlin, Jr.  Cl.A Common    5.115       5000    03-03-98
                           Cl.A Common    4.625       5000    03-02-98


McLaughlin Family Fund     Cl.B Common    4.312       1000    02-06-98
                           Cl.B Common    4.250       2000    01-08-98

Andrew J. McLaughlin, Jr.  Cl.B Common    4.435       5000    03-02-98

Thomas  L.  Kempner,       Cl.B Common    4.250       1000    02-25-98
Irwin D. Rowe, Andrew J.   Cl.B Common    4.250       1000    01-12-98
Laughlin, Jr. as Trustees
for Loeb Rhoades Hornblower
Profit  Sharing  Trust for
Account of Andrew J.McLaughlin, Jr.

(d) and (e).  Not applicable.


Item 6.  Contracts, Arrangement, Understanding or Relationships
                  with Respect to Securities of the Issuer.

                  None.

Item 7.  Materials to be Filed as Exhibits.

                  None.


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.

Date: March 10, 19987         /s/ Andrew J. McLaughlin, Jr.
                              ---------------------------------
                              Andrew J. McLaughlin, Jr., individually,
                              as general partner and as trustee