SECURITIES AND EXCHANGE COMMISSION
                   Washington, D.C. 20549

                        SCHEDULE 13G

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

                     WARNACO GROUP, INC.
                       (Name of Issuer)
          
                           COMMON
               (Title of Class of Securities)
           

                          934391103
                         (CUSIP Number)


     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.)    

     *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 the disclosures provided in a prior cover page.

     The information required in 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).    
               
                     (Continued on following page(s))

                          Page 1 of 7 Pages
     



______________________________________________________________
                         
                               13G

CUSIP NO. 934391103                 PAGE 2 OF 7 PAGES
______________________________________________________________
1    NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

     OPPENHEIMER GROUP, INC.
     I.R.S. NO. 13-3331657
______________________________________________________________
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP(a) 
                                                  (b)  X
______________________________________________________________
3    SEC USE ONLY

______________________________________________________________
4    CITIZENSHIP OR PLACE OF ORGANIZATION

     DELAWARE
______________________________________________________________
NUMBER OF 5    SOLE VOTING POWER
                    
SHARE          0
               _______________________________________________
BENEFICIALLY   6    SHARED VOTING POWER

OWNED BY            556,740               
               _______________________________________________
EACH      7    SOLE DISPOSITIVE POWER

REPORTING           0
               _______________________________________________
PERSON         8    SHARED DISPOSITIVE POWER

WITH                556,740
______________________________________________________________
9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
     PERSON
                    556,740
______________________________________________________________
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
     CERTAIN SHARES 

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

                    1.09%
______________________________________________________________
12   TYPE OF REPORTING PERSON

     HC
______________________________________________________________
PAGE

                                             Page 3 of 7 Pages

             SECURITIES AND EXCHANGE COMMISSION
                   Washington, D.C.  20549

                        Schedule 13G
           Under the Securities Exchange Act of 1934

Check the following box if a fee is being paid with this Statement 

Item 1(b)      Name of Issuer:  WARNACO GROUP, INC.


Item 1(b) Address of Issuer's Principal Executive Offices:

               90 Park Avenue, New York, NY  10016

Item 2(a)      Name of Person Filing:

                    Oppenheimer Group, Inc.

Item 2(b)      Address of Principal Business Office:

                    Oppenheimer Tower, World Financial Center
                    New York, New York 10281

Item 2(c)      Citizenship:

                    Inapplicable

Item 2(d)      Title of Class of Securities:

                    Common 

Item 2(e)      CUSIP Number:  934391103

                         
Item 3(g) ____X____ Parent Holding Company, in accordance with 
                         Section 240.13d - 1(b)(1)(ii)(G)  
                         See Exhibit I hereto

Item 4(a) Amount Beneficially Owned:

                    Oppenheimer Group, Inc.      - 556,740

Item 4(b) Percent of Class:

                    Oppenheimer Group, Inc.      - 1.09%


PAGE

                                             Page4 of 7 Pages

Item 4(c)(i)   Sole Power to Vote or to direct the vote -
                    Oppenheimer Group, Inc.   -            0


Item 4(c)(ii)  Shared power to vote or to direct the vote - 
                    Oppenheimer Group, Inc.   - 556,740
Item 4(c)(iii) Sole power to dispose or to direct the disposition of -
                    Oppenheimer Group, Inc.   -            0

Item 4(c)(iv)  Shared power to dispose or to direct the disposition of
- -
                    Oppenheimer Group, Inc.   -556,740

Item 5         Ownership to Five Percent or Less of a Class:
                    Inapplicable

Item 6         Ownership of More than Five Percent on Behalf of
                    Another Person:

                    Inapplicable
Item 7         Identification and Classification of the Subsidiary
Which
               Acquired the Security Being Reported on By the Parent
               Holding Company: 

                    See Exhibit II
Item 8         Identification and Classification of Members of the
Group:
                    Inapplicable

Item 9         Notice of Dissolution of Group:
                    Inapplicable

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 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.

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:          February 1, 1996

Signature:      By: /s/ Robert I. Kleinberg    

Name/Title:         Robert I. Kleinberg, Secretary      


      
                                          Page 5 of 7 pages

                              EXHIBIT I 
Oppenheimer Group, Inc. ("Oppenheimer Group") is a holding company which
owns directly and indirectly a variety of subsidiary companies
("Subsidiaries") including the companies identified on the exhibit to this
Schedule 13G engaged in various aspects of the financial services
business.  83.39% of the issued and outstanding Common Stock of
Oppenheimer Group is owned by Oppenheimer & Co., L.P., ("Oppenheimer LP"),
a limited partnership formed by the management of Oppenheimer.  The
general and limited partnership interests in Oppenheimer LP are owned by
employees of Oppenheimer & Co., Inc. ("Opco") and its affiliates and
include the executive officers of Opco.  16.61% of Group's capital stock
has been issued to certain Oppenheimer LP warrantholders upon presentation
for exercise of warrants issued to various investors in Oppenheimer LP's
1986 Private Placement.  Opco, an indirect wholly-owned subsidiary of
Oppenheimer Group, is a diversified investment banking and securities
firm.  Oppenheimer Financial Corp., a wholly-owned subsidiary of
Oppenheimer Group, is the sole general partner of Oppenheimer Capital,
L.P. ("Opcap LP"), a limited partnership which owns a majority interest in
Oppenheimer Capital general partnership, which carries on an investment
advisory business activity directly and through certain investment
advisory companies one of which serves as advisor to a group of mutual
funds. 
The amendment to Schedule 13G is being filed by Oppenheimer Group as a
parent holding company pursuant to the provisions of Rule 13(d) - (1) (b)
on behalf of Oppenheimer LP and the Subsidiaries and/or certain investment
advisory clients or discretionary accounts of the Subsidiaries and
relating to their collective beneficial ownership of shares of common
stock of the Issuer.

                                               Page 6 of 7 Pages

Management of the affairs of Oppenheimer Group, the Subsidiaries and of
certain advisory clients including decisions respecting dispositions
and/or voting of the shares of the common stock of the Issuer resides in
respective officers and directors of the Subsidiaries and is not directed
by Oppenheimer Group or Oppenheimer LP.   

Accordingly, the filing of this amendment to Schedule 13G by Oppenheimer
Group is not intended as, and should not be deemed, an acknowledgment of
beneficial ownership or shared voting or dispositive power by Oppenheimer
Group, Oppenheimer LP or any intermediary company of the shares of the
common stock of the Issuer owned by such Subsidiaries or investment
advisory clients of investment advisory clients, such beneficial ownership
or attribution or shared voting or dispositive power being disclaimed.



MIK8-EXHIBIT.I95                                         
PAGE

                                                 Page 7 of 7 Pages

                            EXHIBIT II  

  The Parent Holding Company is filing on behalf of Oppenheimer Financial
  Corp., Oppenheimer Equities, Inc. and Oppenheimer Holdings, Inc. which
  would be classified as Item 3(g), Oppenheimer & Co., Inc. which would be
  classified as Item 3(a), and Oppenheimer Capital which would be
  classified as Item 3(e).

  MIK8-EX-IIB

  MIK8-WARNACO.196