SECURITIES AND EXCHANGE COMMISSION

                 Washington, D.C.  20549

                      AMENDMENT NO. 6
                     (FINAL AMENDMENT)

                            TO

                      SCHEDULE 13E-3

              Rule 13e-3 Transaction Statement 
              (Pursuant to Section 13(e) of the 
              Securities Exchange Act of 1934)

              Guaranty National Corporation
              ------------------------------
                    (Name of Issuer)


                Orion Capital Corporation
            The Connecticut Indemnity Company
          Connecticut Specialty Insurance Company
           Design Professionals Insurance Company
                    EBI Indemnity Company
            Employee Benefits Insurance Company
   The Fire and Casualty Insurance Company of Connecticut
          Security Insurance Company of Hartford
          ---------------------------------------
           (Name of Person (s) Filing Statement)


          Common Stock, par value $1.00 per share
          ----------------------------------------
               (Title of Class of Securities)

                        401192109              
          --------------------------------------
          (CUSIP Number of Class of Securities)


                  Michael P. Maloney, Esq.
             Vice President and General Counsel
                 ORION CAPITAL CORPORATION
                      600 Fifth Avenue
               New York, New York  10020-2302
                     (212) 332-8080                    
- ------------------------------------------------------------ 
  (Name, Address and Telephone Number of Person Authorized
  to Receive Notices and Communications on Behalf of Bidder)

                        Copy to:
                    John J. McCann, Esq.
              Donovan Leisure Newton & Irvine
                   30 Rockefeller Plaza
                New York, New York 10112
                    (212) 632-3000






          This Statement is filed by Orion Capital Corporation
("Orion") and the following of its wholly-owned subsidiaries: 
The Connecticut Indemnity Company, Connecticut Specialty
Insurance Company, Design Professionals Insurance Company, EBI
Indemnity Company, Employee Benefits Insurance Company, The
Fire and Casualty Insurance Company of Connecticut and
Security Insurance Company of Hartford (collectively with
Orion, the "Purchasers") relating to the tender offer of the
Purchasers to purchase up to 4,600,000 shares of common stock,
par value $1.00 per share (the "Shares"), of Guaranty National
Corporation, a Colorado corporation (the "Company").  This
Statement is the final amendment to the Schedule 13E-3 of the
Purchasers, dated May 8, 1996 previously amended by Amendment
No. 1 dated May 23, 1996, by Amendment No. 2 dated June 4,
1996, by Amendment No. 3 dated June 11, 1996, by Amendment No.
4 dated June 18, 1996 and by Amendment No. 5 dated July 2,
1996 (as heretofore and hereby amended, the "Schedule 13E-3"),
by incorporating by reference herein the information set forth
in the press release dated July 9, 1996 of Orion attached as
Exhibit (d)(16) hereto.  This Statement also amends Items 10,
16 and 17 of the Schedule 13E-3 by adding the information set
forth below.  Except as otherwise indicated herein, the
Schedule 13E-3 remains unchanged in all respects.  Capitalized
terms not otherwise defined herein are defined as set forth in 

                               - 2 -


the Schedule 13E-3 or in the Offer to Purchase, dated May 8,
1996 as supplemented by the Supplement to the Offer to
Purchase dated June 4, 1996 (the "Offer to Purchase").

Item 10.  Interest in Securities of the Issuer
          ----------------------------------------

          The information set forth in Item 10 of the Schedule
13E-3 is hereby supplemented by incorporating herein by
reference the information set forth in Item 6 of Amendment No.
6 (Final Amendment) to the Schedule 14D-1 of the Purchasers
dated July 9, 1996 attached hereto as Exhibit (g)(6)
("Amendment No. 6 (Final Amendment) to the Schedule 14D-1"). 
The information set forth in the press release dated July 9,
1996 of Orion attached hereto as Exhibit (d)(16) is hereby
incorporated herein by reference.
Item 16.  Additional Informatiion
         ------------------------

          The information set forth in Item 16 of the Schedule
13E-3 is hereby supplemented by incorporating herein by
reference the information set forth in Item 10 of Amendment
No. 6 (Final Amendment) to the Schedule 14D-1.  
          Whether or not otherwise specifically referenced in
response to the Items of this Statement, the information
contained in the press release dated July 9, 1996 of Orion
attached hereto as Exhibit (d)(16) is incorporated herein by
reference.


                               - 3 -
Item 17. Material to be Filed as Exhibits 
         ---------------------------------

     (d)(16)  Press Release dated July 9, 1996 of Orion      
              Capital Corporation

     (g)(6)   Amendment No. 6 (Final Amendment) dated July 9,
              1996 to the Tender Offer Statement on Schedule 
              14D-1 of Orion Capital Corporation, The       
              Connecticut Indemnity Company, Connecticut     
              Specialty Insurance Company, Design            
              Professionals Insurance Company, EBI Indemnity 
              Company, Employee Benefits Insurance Company,  
              The Fire and Casualty Insurance Company of     
              Connecticut and Security Insurance Company of  
              Hartford. 




                               




                              

























         
                               - 4 -






                         SIGNATURE

          After due 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.

Dated:  July 9, 1996


                   ORION CAPITAL CORPORATION             
                                                             
                                                             
                   By /s/ Michael P. Maloney
                      --------------------------
                         Vice President, General 
                         Counsel and Secretary



                   THE CONNECTICUT INDEMNITY COMPANY

                   CONNECTICUT SPECIALTY INSURANCE COMPANY

                   DESIGN PROFESSIONALS INSURANCE COMPANY

                   EBI INDEMNITY COMPANY

                   EMPLOYEE BENEFITS INSURANCE COMPANY

                   THE FIRE AND CASUALTY INSURANCE COMPANY
                    OF CONNECTICUT

                   SECURITY INSURANCE COMPANY OF HARTFORD


 
                   By /s/ Michael  P. Maloney
                      ---------------------------
                          Senior Vice President










                               - 5 -







                               EXHIBIT INDEX



Exhibit                  Description
- -------                  ------------

(d)(16)             Press Release dated July 9, 1996         
                    of Orion Capital Corporation

(g)(6)              Amendment No. 6 (Final Amendment) dated  
                    July 9, 1996 to the Tender Offer         
                    Statement on Schedule 14D-1 of Orion     
                    Capital Corporation, The Connecticut     
                    Indemnity Company, Connecticut           
                    Specialty Insurance Company, Design      
                    Professionals Insurance Company, EBI     
                    Indemnity Company, Employee Benefits     
                    Insurance Company, The Fire and Casualty 
                    Insurance Company of Connecticut and     
                    Security Insurance Company of Hartford.


                    
























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