JOINT FILING AGREEMENT In accordance with Rule 13d-1(f) promulgated under the Securities Exchange Act of 1934, the undersigned agree to the joint filing of a Statement on Schedule 13D (including any and all amendments thereto) with respect to the...

                                                      EXHIBIT (1)

                                

                     JOINT FILING AGREEMENT

          In accordance with Rule 13d-1(f) promulgated under the

Securities Exchange Act of 1934, the undersigned agree to the

joint filing of a Statement on Schedule 13D (including any and

all amendments thereto) with respect to the shares of beneficial

interest, no par value $1.00 per share, of The Chicago Dock and

Canal Trust, and further agree that this Joint Filing Agreement

be included as an Exhibit thereto.  In addition, each party to

this Agreement expressly authorizes each other party to this

Agreement to file on its behalf any and all amendments to such

Statement.

                              
                              HALCYON/XXXX X. XXXXXX MANAGEMENT
                              COMPANY LLC
                              
                              By: /s/ Xxxxx X. Xxxxxxx
                                  __________________________
                                  Name:  Xxxxx X. Xxxxxxx
                                  Title:  Attorney-in-Fact

Dated:    December 17, 1996
                              
                              XXXX X. XXXXXX AND COMPANY,
                              LIMITED
                              
                              By: /s/ Xxxxx X. Xxxxxxx
                                  __________________________
                                  Name:  Xxxxx X. Xxxxxxx
                                  Title:  Attorney-in-Fact

Dated:    December 17, 1996
                              
                              XXXX X. XXXXXX
                              
                              By: /s/ Xxxxx X. Xxxxxxx
                                  __________________________
                                  Name:  Xxxxx X. Xxxxxxx
                                  Title:  Attorney-in-Fact

Dated:    December 17, 1996


















                                
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