SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                           --------------------------
                                 SCHEDULE TO-T/A
                                 (Rule 14D-100)
            Tender Offer Statement Under Section 14(d)(1) or 13(e)(1)
                     of the Securities Exchange Act of 1934
                               (Amendment No. 16)

                           --------------------------
                         HALLWOOD REALTY PARTNERS, L.P.
                       (Name of Subject Company (Issuer))

                         High River Limited Partnership
                                 Barberry Corp.
                                 Carl C. Icahn
                      (Names of Filing Persons (Offerors))

                  Units Representing Limited Partner Interests
                         (Title of Class of Securities)

                                    40636T203
                      (CUSIP Number of Class of Securities)

                            Keith L. Schaitkin, Esq.
                            Associate General Counsel
                                Legal Department,
                  Icahn Associates Corp. & affiliated companies
                          767 Fifth Avenue, 47th Floor
                            New York, New York 10153
                                 (212) 702-4380

                  (Name, Address and Telephone Number of Person
  Authorized to Receive Notices and Communications on behalf of Filing Persons)

                            CALCULATION OF FILING FEE

Transaction Valuation*: $163,073,760        Amount of Filing Fee**:  $13,192.67

     * Estimated for purposes of calculating  the amount of the filing fee only.
This  calculation  assumes the purchase of all  outstanding  units  representing
limited  partner  interests  in  Hallwood  Realty  Partners,   L.P.,   including
associated  rights to purchase  additional  units under the Unit Purchase Rights
Agreement  dated as of November 30, 1990, as amended,  between  Hallwood  Realty
Partners,  L.P. and EquiServe  Trust Company,  N.A., as rights agent, at a price
per unit of $100.00 in cash,  less the 235,000  units held by High River Limited
Partnership.  As of November 7, 2003,  there were  1,593,948  units  outstanding
(based  upon the  Issuer's  Form 10-Q  filing,  filed  with the  Securities  and
Exchange Commission for the period ended September 30, 2003).

     ** The amount of the filing fee,  calculated in accordance  with Rul e 0-11
of the Securities  Exchange Act of 1934, as supplemented by Securities  Exchange
Commission  Fee  Rate  Advisory  #11 for  Fiscal  Year  2003,  equals  .00008090
multiplied by the value of the transaction.


     /X / Check  the box if any part of the fee is offset  as  provided  by Rule
0-11(a)(2)  and identify the filing with which the offsetting fee was previously
paid. Identify the previous filing by registration statement number, or the Form
or Schedule and the date of its filing.

Amount previously paid: $10,993.89              Filing Party: High River Limited
                                                Partnership, Barberry Corp. and
                                                Carl C. Icahn

Form or registration no.: Schedule TO-T         Date Filed: May 1, 2003

     /  /  Check  the  box  if  the  filing   relates   solely  to   preliminary
communications made before the commencement of a tender offer.

     Check the  appropriate  boxes below to designate any  transactions to which
the statement relates:

/x/      third-party tender offer subject to Rule 14d-1.

/ /      issuer tender offer subject to Rule 13e-4.

/ /      going-private transaction subject to Rule 13e-3.

/x/      amendment to Schedule 13D under Rule 13d-2.

                Check the following box if the filing is a final
            amendment reporting the results of the tender offer: / /



                      COMBINED SCHEDULE TO AND SCHEDULE 13D

CUSIP No. 40636T203

1        NAME OF REPORTING PERSON
         High River Limited Partnership

         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON


2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                (a) / /
                                                                (b) /X/

3        SEC USE ONLY

4        SOURCE OF FUNDS*
                WC

5        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
         ITEMS 2(d) or 2(e)                                         /X/

6        CITIZENSHIP OR PLACE OF ORGANIZATION
                Delaware

NUMBER OF UNITS BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

7        SOLE VOTING POWER
                235,000

8        SHARED VOTING POWER
                      0

9        SOLE DISPOSITIVE POWER
                235,000

10       SHARED DISPOSITIVE POWER
                      0

11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                235,000

12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN UNITS*
                                                                        //

13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                14.74%

14       TYPE OF REPORTING PERSON*
                    PN


                      COMBINED SCHEDULE TO AND SCHEDULE 13D

CUSIP No. 40636T203

1        NAME OF REPORTING PERSON
         Barberry Corp.

         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON


2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                (a) / /
                                                                (b) /X/
3        SEC USE ONLY

4        SOURCE OF FUNDS*
              WC

5        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
         ITEMS 2(d) or 2(e)                                              /X/

6        CITIZENSHIP OR PLACE OF ORGANIZATION
                Delaware

NUMBER OF UNITS BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

7        SOLE VOTING POWER
                  0

8        SHARED VOTING POWER
            235,000

9        SOLE DISPOSITIVE POWER
                   0

10       SHARED DISPOSITIVE POWER
              235,000

11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
              235,000

12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN UNITS*
                                                                        //

13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                14.74%

14       TYPE OF REPORTING PERSON*
                    CO


                      COMBINED SCHEDULE TO AND SCHEDULE 13D

CUSIP No. 40636T203

1        NAME OF REPORTING PERSON
         Carl C. Icahn

         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                (a) / /
                                                                (b) /X/
3        SEC USE ONLY

4        SOURCE OF FUNDS*
                WC

5        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
         ITEMS 2(d) or 2(e)          /X/

6        CITIZENSHIP OR PLACE OF ORGANIZATION
         United States of America

NUMBER OF UNITS BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

7        SOLE VOTING POWER
                0

8        SHARED VOTING POWER
           235,000

9        SOLE DISPOSITIVE POWER
                 0

10       SHARED DISPOSITIVE POWER
            235,000

11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
            235,000

12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN UNITS*
                                                                        //

13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                14.74%

14       TYPE OF REPORTING PERSON*
                    IN



     This  Amendment No. 16 amends and  supplements  the Tender Offer  Statement
filed May 1, 2003 on Schedule TO, as amended May 15, 2003, May 23, 2003, May 28,
2003, June 11, 2003, June 27, 2003, July 2, 2003, July 29, 2003, August 8, 2003,
August 19, 2003, October 2, 2003, October 20, 2003,  November 17, 2003, December
4, 2003,  December 12, 2003 and December 19, 2003 (the "Schedule TO"),  relating
to an offer by High River Limited  Partnership,  a Delaware limited  partnership
("Purchaser")  to purchase any and all of the outstanding  limited partner units
("Units") in Hallwood Realty Partners, L.P., a Delaware limited partnership (the
"Partnership") and the associated rights (the "Rights" ) to purchase  additional
Units under the Unit Purchase Rights  Agreement,  dated as of November 30, 1990,
as amended, between the Partnership and EquiServe Trust Company, N.A., as rights
agent,  upon the terms and subject to the  conditions  set forth in the Offer to
Purchase,  dated May 1, 2003 as amended by the  Supplement  to Offer to Purchase
dated May 15, 2003 and the  Supplement to Offer to Purchase filed with Amendment
No. 2 (the "Offer  Supplement") and in the related Letter of Transmittal,  dated
May 1, 2003,  including the Instructions  thereto,  as it may be supplemented or
amended  from time to time,  all as modified by press  release  dated August 19,
2003 filed with  Amendment  No. 9 and press  release dated October 2, 2003 filed
with Amendment No. 10.

     Unless  otherwise  stated below,  the information set forth in the Schedule
TO,  including all schedules and annexes  thereto,  and the Offer  Supplement is
hereby expressly  incorporated  herein by reference in response to Items 1-9 and
Item 11 of this  Amendment No. 16 to Schedule TO. You should read this Amendment
No. 16 to  Schedule  TO  together  with the  Schedule  TO filed May 1, 2003,  as
amended May 15, 2003, May 23, 2003, May 28, 2003,  June 11, 2003, June 27, 2003,
July 2, 2003, July 29, 2003, August 8, 2003,  August 19, 2003,  October 2, 2003,
October 20, 2003,  November 17,  2003,  December 4, 2003,  December 12, 2003 and
December 19, 2003.

Item 10 is not applicable.

Item 12 is hereby amended and supplemented by adding the following exhibit:


(a)(26) Press Release issued January 15, 2004




                                    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.


                                         HIGH RIVER LIMITED PARTNERSHIP
                                         By: Barberry Corp., its general partner



                                         /s/ Edward E. Mattner
                                         Name:  Edward E. Mattner
                                         Title:  Authorized Signatory


                                         BARBERRY CORP.


                                         /s/ Edward E. Mattner
                                         Name:  Edward E. Mattner
                                         Title:  Authorized Signatory



                                         /s/ Carl C. Icahn
                                         Carl C. Icahn


Date: January 15, 2004

                      [Signature Page to Schedule TO-T/A re
                tender offer for Hallwood Realty Partners, L.P.]





                                                                Exhibit (a)(26)

              ICAHN UNIT ANNOUNCES EXTENSION OF EXPIRATION DATE OF
                     TENDER OFFER FOR HALLWOOD REALTY UNITS

     New York, New York, January 15, 2004. High River Limited Partnership ("High
River"), an affiliate of Carl C. Icahn, today announced that it is extending the
expiration date of its tender offer (the "Offer") for any and all of the limited
partnership  units ("Units") of Hallwood Realty Partners,  L.P. (AMEX: HRY) (the
"Partnership")  until 5:00 pm, New York City time, on Friday,  January 23, 2004,
unless the Offer is extended to a later date and time.

     Approximately  62,332 Units have been tendered pursuant to the tender offer
as of the close of business on January 14, 2004.

- --------------------------------------------------------------------------------
                                    # # # #