SOSNOFF REDUCES CAESARS WORLD &lt;CAW> STAKE
  New York investor Martin Sosnoff said
  he reduced his stake in Caesars World Inc common stock to
  3,878,700 shares, or 16 pct of the company's common stock
  outstanding, from about 17.4 pct.
      Sosnoff, who tried unsuccessfully to acquire Caesars World
  earlier this year, said in a filing with the Securities and
  Exchange Commission that he sold 338,975 Caesars World shares
  on October 15 and 16 at 22.50 dlrs to 25.25 dlrs a share.
      Sosnoff said he holds his Caesars World stock "primarily
  for investment purposes". He also said he reserves the right to
  alter his intentions at any time.
  

