BUSINESSMAN HAS 8.9 PCT OF DEL E. WEBB &lt;DWP.A>

  John Cotton, an Arizona businessman,
  told the Securities and Exchange Commission he has acquired the
  equivalent of 213,500 shares of Class A common shares in Del E.
  Webb Investment Properties, or 8.9 pct of the total.
      Cotton, president of Finalco Group Inc, a Paradise Valley,
  Ariz., data processing equipment maker, said he bought the
  stake, which includes warrants to buy 186,300 shares, for
  266,958 dlrs.
      The warrants are exerciseable at 9.50 dlrs a share, he
  said. Cotton said it bought the stock for investment purposes
  only.
  

