UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

( ) Check this box if no longer subject to Section 16.  Form
4 or Form 5 obligations may continue.  See Instruction 1(b).

1.  Name and Address of Reporting Person

    James D. Bennett
    c/o Bennett Management Corporation
    2 Stamford Plaza
    Suite 1501
    281 Tresser Blvd.
    Stamford, Connecticut 06901


2.  Issuer Name and Ticker or Trading Symbol

    Kaiser Group Holdings, Inc. (KGHI)

3.  IRS Number of Reporting Person (Voluntary)


4.  Statement for Month/Year

    6/01


5.  If Amendment, Date of Original (Month/Year)


6.  Relationship of Reporting Person(s)to Issuer (Check all
    applicable)

    (  ) Director  (X) 10% Owner (  ) Officer (give title
    below) ( ) Other (specify below)


7.  Individual or Joint/Group Filing (check Applicable Line)

      X    Form filed by One Reporting Person
           Form filed by More than One Reporting Person










                                         TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED,
                                               DISPOSED OF, OR BENEFICIALLY OWNED
                                                                                                
1. Title of Security| 2. Transaction| 3. Transaction| 4. Securities         | 5. Amount of       | 6. Ownership  |7.  Nature of |
   (Instr. 3)       |    Date       |    Code       |    Acquired (A)       |    Securities      |    Form:      |    Indirect  |
                    |               |    (Instr. 8) |    or Disposed        |    Beneficially    |    Direct (D) |    Beneficial|
                    |    (Month/    |               |    of (D)             |    Owned at End    |    or Indirect|    Ownership |
                    |    Day/       |               |    (Instr. 3,4,       |    of Month        |    (I)        |    (Instr. 4)|
                    |    Year)      |               |    and 5)             |    (Instr. 3 and 4)|    (Instr. 4) |              |
                    |               |          |    |          |(A) or|     |                    |               |              |
                    |               |    Code  | V  |    Amount|(D)   |Price|                    |               |              |
_________________________________________________________________________________________________________________________________
   Common Stock       (see attached Schedule A)                               220,569              I                  General
                                                                                                                      Partner
                                                                                                                   or Principal of
                                                                                                                   Investment
                                                                                                                   Manager*



---------------------------------------------------------------------------------------------------------------------------------





                                           TABLE II -- DERIVATIVE SECURITIES ACQUIRED,
                                               DISPOSED OF, OR BENEFICIALLY OWNED
                                                                                 
1. Title of        | 2. Conver-  | 3. Trans-  | 4. Trans-  | 5. Number of    | 6. Date Exer-     | 7. Title and Amount |
   Derivative      |    sion or  |    action  |    action  |    Derivative   |    cisable and    |    of Underlying    |
   Security        |    Exercise |    Date    |    Code    |    Securities   |    Expiration     |    Securities       |
   (Instr. 3)      |    Price of |    (Month/ |    (Instr. |    Acquired     |    Date           |    (Instr. 3 and 4) |
                   |    Deri-    |    Date/   |    8)      |    (A) or       |    (Month/Day/    |                     |
                   |    vative   |    Year)   |            |    Disposed of  |    Year)          |                     |
                   |    Security |            |            |    (D) (Instr.  |                   |                     |
                   |             |            |            |    3, 4 and 5)  |                   |                     |
                   |             |            |____________|_________________|___________________|_____________________|
                   |             |            |      |     |        |        |         | |      |  |
                   |             |            |      |     |        |        | Date    | Expira-   |      | Amount or  |
                   |             |            |      |     |        |        | Exer-   | tion   |  |        Number of  |
                   |             |            | Code |  V  |  (A)   |  (D)   | cisable | Date   | Title   | Shares     |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
                   |             |            |      |     |        |        |         | |      |  |
                   l             l            l      l     l        l        l         l l      l  l











                                                      
|  8. Price of          | 9. Number of      | 10. Ownership     | 11. Nature of   |
|     Derivative        |    derivative     |     Form of       |     Indirect    |
|     Security          |    Securities     |     Derivative    |     Beneficial  |
|     (Instr. 5)        |    Benefi-        |     Security      |     Ownership   |
|                       |    cially         |     Direct (D)    |     (Instr. 4)  |
|                       |    Owned at       |     or Indirect   |                 |
|                       |    End of         |     (I) (Instr.   |                 |
|                       |    Month          |     4)            |                 |
|                       |    (Instr. 4)     |                   |                 |
___________________________________________________________________________________

   








Explanation of Responses:

*     The Reporting Person may be deemed to be a member of a
      group holding equity securities of the Issuer.  The filing
      of this report shall not be deemed to be an admission that
      the Reporting Person is a member of such group.

      The Reporting Person disclaims beneficial ownership of
      these securities except to the extent of his pecuniary
      interest therein.


Signature of Reporting Person:

     /s/ James D. Bennett
    ___________________________
      James D. Bennett


Date:  July 6, 2001

**    Intentional misstatements or omissions of facts constitute
      Federal Criminal Violations.  See U.S.C. 1001 and 15 U.S.C.
      78ff(a).

Note:  File three copies of this Form, one of which must be
manually signed.  If space is sufficient, see Instruction 6 for
procedure.























75252000.BG4








                           SCHEDULE A


TRADE DATE    TRANSACTION TYPE        QUANTITY    PRICE PER SHARE

6/06/01            SELL                 10,000             3.07













































75252000.BG4