Amended Statement of Beneficial Ownership


 
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13G. INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13D-
1(B) AND AMENDMENTS THERETO FILED PURSUANT TO 13D-2(B)

SCHEDULE 13G

Under the Securities Exchange Act of 34
(Amendment No. 7 )*

Ryland Group, Inc.

(Name of Issuer)

Common
(Title of Class of Securities)

783764103
(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 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 34 ("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 Notes).

Page 2 of 13

                      CUSIP No. 783764103

(1)  Names  of Reporting Persons.  S.S. or I.R.S. Identification Nos. of  Above
     Persons

     INVESCO PLC
     No. S.S. or I.R.S. Identification Number

(2)  Check the Appropriate Box if a Member        (a)  / /
     of a Group (See Instructions)                (b)  /X/

(3)  SEC Use Only

(4)  Citizenship or Place of Organization

     England

Number of Shares         (5)  Sole Voting Power
Beneficially                  None
Owned by                 (6)  Shared Voting Power
Each Reporting                1,964,400
Person With              (7)  Sole Dispositive Power
                              None
                         (8)  Shared Dispositive Power
                              1,964,400
(9)  Aggregate Amount Beneficially Owned by Each Reporting Person
     1,964,400
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
     (See Instructions)       / /

(11) Percent of Class Represented by Amount in Row (9)
     12.7%
(12) Type of Reporting Person (See Instructions)

     H.C.

Page 3 of 13

                      CUSIP No. 783764103

(1)  Names  of Reporting Persons.  S.S. or I.R.S. Identification Nos. of  Above
     Persons

     INVESCO North American Group, Ltd.
     No. S.S. or I.R.S. Identification Number

(2)  Check the Appropriate Box if a Member        (a)  / /
     of a Group (See Instructions)                (b)  /X/

(3)  SEC Use Only

(4)  Citizenship or Place of Organization

     England

Number of Shares         (5)  Sole Voting Power
Beneficially                  None
Owned by                 (6)  Shared Voting Power
Each Reporting                1,964,400
Person With              (7)  Sole Dispositive Power
                              None
                         (8)  Shared Dispositive Power
                              1,964,400
(9)  Aggregate Amount Beneficially Owned by Each Reporting Person
     1,964,400
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
     (See Instructions)       / /

(11) Percent of Class Represented by Amount in Row (9)
     12.7%
(12) Type of Reporting Person (See Instructions)

     H.C.

Page 4 of 13

                      CUSIP No. 783764103

(1)  Names  of Reporting Persons.  S.S. or I.R.S. Identification Nos. of  Above
     Persons

     INVESCO Group Services, Inc.
     I.R.S.  I.D. No. 58-95394

(2)  Check the Appropriate Box if a Member        (a)  / /
     of a Group (See Instructions)                (b)  /X/

(3)  SEC Use Only

(4)  Citizenship or Place of Organization

     State of Delaware

Number of Shares         (5)  Sole Voting Power
Beneficially                  None
Owned by                 (6)  Shared Voting Power
Each Reporting                1,964,400
Person With              (7)  Sole Dispositive Power
                              None
                         (8)  Shared Dispositive Power
                              1,964,400
(9)  Aggregate Amount Beneficially Owned by Each Reporting Person
     1,964,400
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
     (See Instructions)       / /

(11) Percent of Class Represented by Amount in Row (9)
     12.7%
(12) Type of Reporting Person (See Instructions)

     H.C.

Page 5 of 13

                      CUSIP No. 783764103

(1)  Names  of Reporting Persons.  S.S. or I.R.S. Identification Nos. of  Above
     Persons

     INVESCO, Inc.
     I.R.S.  I.D. No. 58-2075867

(2)  Check the Appropriate Box if a Member        (a)  / /
     of a Group (See Instructions)                (b)  /X/

(3)  SEC Use Only

(4)  Citizenship or Place of Organization

     State of Delaware

Number of Shares         (5)  Sole Voting Power
Beneficially                  None
Owned by                 (6)  Shared Voting Power
Each Reporting                1,964,400
Person With              (7)  Sole Dispositive Power
                              None
                         (8)  Shared Dispositive Power
                              1,964,400
(9)  Aggregate Amount Beneficially Owned by Each Reporting Person
     1,964,400
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
     (See Instructions)       / /

(11) Percent of Class Represented by Amount in Row (9)
     12.7%
(12) Type of Reporting Person (See Instructions)

     H.C.

Page 6 of 13

                      CUSIP No. 783764103

(1)  Names  of Reporting Persons.  S.S. or I.R.S. Identification Nos. of  Above
     Persons

     INVESCO North American Holdings, Inc.
     I.R.S.  I.D. No.  51-0264787

(2)  Check the Appropriate Box if a Member        (a)  / /
     of a Group (See Instructions)                (b)  /X/

(3)  SEC Use Only

(4)  Citizenship or Place of Organization

     State of Delaware

Number of Shares         (5)  Sole Voting Power
Beneficially                  None
Owned by                 (6)  Shared Voting Power
Each Reporting                1,964,400
Person With              (7)  Sole Dispositive Power
                              None
                         (8)  Shared Dispositive Power
                              1,964,400
(9)  Aggregate Amount Beneficially Owned by Each Reporting Person
     1,964,400
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
     (See Instructions)       / /

(11) Percent of Class Represented by Amount in Row (9)
     12.7%
(12) Type of Reporting Person (See Instructions)

     H.C.

Page 7 of 13

                      CUSIP No. 783764103

(1)  Names  of Reporting Persons.  S.S. or I.R.S. Identification Nos. of  Above
     Persons

     INVESCO Capital Management, Inc. (formerly known as INVESCO MIM, Inc.)
     I.R.S.  I.D. No.  58-1707262

(2)  Check the Appropriate Box if a Member        (a)  / /
     of a Group (See Instructions)                (b)  /X/

(3)  SEC Use Only

(4)  Citizenship or Place of Organization

     State of Delaware

Number of Shares         (5)  Sole Voting Power
Beneficially                  None
Owned by                 (6)  Shared Voting Power
Each Reporting                1,963,100
Person With              (7)  Sole Dispositive Power
                              None
                         (8)  Shared Dispositive Power
                              1,963,100
(9)  Aggregate Amount Beneficially Owned by Each Reporting Person
     1,963,100
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
     (See Instructions)       / /

(11) Percent of Class Represented by Amount in Row (9)
     12.7%
(12) Type of Reporting Person (See Instructions)

     I.A.

Page 8 of 13

ITEM 1 (A) NAME OF ISSUER:
Ryland Group, Inc.

ITEM 1 (B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
P.O. Box 4000
10221 Wincopin Circle
Columbia, MD 21044

ITEM 2 (A) NAME OF PERSON(S) FILING:

INVESCO PLC

ITEM 2(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

11 Devonshire Square London EC2M 4YR England

ITEM 2 (C) CITIZENSHIP:

Organized under the laws of England

ITEM 2 (D) TITLE OF CLASS OF SECURITIES

Common Stock

ITEM 2 (E) CUSIP NUMBER: 783764103

ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B)
OR 13D-2(B), CHECK WHETHER THE PERSON FILING IS A:

(a) / / Broker or Dealer registered under Section 15 of the Act.
(b) / / Bank as defined in Section 3(a)(6) of the Act.
(c) / / Insurance Company as defined in Section 3(a)() of the Act.
(d) / / Investment Company registered under Section 8 of the Investment Company Act.
(e) / / Investment Adviser registered under Section 203 of the Investment Advisers Act of 40.
(f) / / Employee Benefit Plan, Pension Fund which is subject to provisions of Employee Retirement Income Security Act of 74 or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F).
(g) /X/ Parent Holding Company in accordance with Rule 13d-1(b)(ii)(G).
(h) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(H).

Page 9 of 13

ITEM 4 (a) - (c) OWNERSHIP:
The information in items 1 and 5-11 on the cover pages (pp 2-6) of this statement on Schedule 13G is hereby incorporated by reference.

The reporting persons expressly declare that the filing of this statement on Schedule 13G shall not be construed as an admission that they are, for the purposes of Section 13(d) or 13(g) of the Securities and Exchange Act of 34, the beneficial owners of any securities covered by this statement.

ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS / /
Not Applicable

ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
The reporting persons hold the securities covered by this report on behalf of other persons who have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of such securities. The interest of any such persons does not exceed 5% of the class of securities.

ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARIES WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
X INVESCO North American Group, Ltd - holding company in accordance with Rule 13d-1(b)(ii)(G) X INVESCO Group Services, Inc. - holding company in accordance with Rule 13d-1(b)(ii)(G) X INVESCO, Inc. - holding company in accordance with Rule 13d-
1(b)(ii)(G) X INVESCO North American Holdings, Inc. - holding company also in accordance with Rule 13d-1(b)(ii)(G) X INVESCO Capital Management, Inc. - investment adviser registered under Section 203 of the Investment Advisers Act of 40. INVESCO Funds Group, Inc. - investment adviser registered under Section 203 of the Investment Advisers Act of 40. X INVESCO Management & Research, Inc. - investment adviser registered under Section 203 of the Investment Advisers Act of 40. INVESCO Asset Management Limited - investment adviser organized in England.

Subsidiaries not indicated with (X) have acquired no shares of security being reported on.

ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP.
Not applicable.

ITEM 9 NOTICE OF DISSOLUTION OF GROUP.
Not applicable.

Page 10 of 13

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 purposes 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 10, 1995


/s/ Graeme Proudfoot
____________________________________________
Graeme Proudfoot,
as Company Secretary for each of
INVESCO PLC and
INVESCO North American Group, Ltd.


Page 11 of 13

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 purposes 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 10, 1995


/s/ David A. Hartley
____________________________________________
David A. Hartley, Secretary
INVESCO Group Services, Inc.


Page 12 of 13

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 purposes 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 10, 1995


/s/ Penelope P. Alexander
____________________________________________
Penelope P. Alexander,
as Company Secretary for each of
INVESCO, Inc. and
INVESCO Capital Management, Inc.


Page 13 of 13

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 purposes 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 10, 1995


/s/ Dan J. Hesser
____________________________________________
Dan J. Hesser, Secretary
INVESCO North American Holdings, Inc.