U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 4

                  STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
       Section 17(a) of the Public Utility Holding Company Act of 1935 or
               Section 30(f) of the Investment Company Act of 1940

[_]  Check box if no longer  subject of Section 16. Form 4 or Form 5 obligations
     may continue. See Instruction 1(b).

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1.   Name and Address of Reporting Person*

          Whitman                       Martin                   Jacob
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   (Last)                           (First)             (Middle)

               767 Third Avenue, 5th Floor
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                                    (Street)

          New York,                New York                 10017
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   (City)                           (State)              (Zip)


________________________________________________________________________________
2.   Issuer Name and Ticker or Trading Symbol


          Tejon Ranch Corporation (TRC)
________________________________________________________________________________
3.   IRS Identification Number of Reporting Person, if an Entity (Voluntary)



________________________________________________________________________________
4.   Statement for Month/Year

               February 2001

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5.   If Amendment, Date of Original (Month/Year)


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6.   Relationship of Reporting Person to Issuer
     (Check all applicable)

     [X]  Director                             [X]  10% Owner
     [_]  Officer (give title below)           [_]  Other (specify below)
________________________________________________________________________________
7.   Individual or Joint/Group Filing (Check applicable line)

     [_]  Form filed by one Reporting Person
     [X]  Form filed by more than one Reporting Person
________________________________________________________________________________


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           Table I -- Non-Derivative Securities Acquired, Disposed of,
                             or Beneficially Owned
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                                                                                                                6.
                                                                 4.                              5.             Owner-
                                                                 Securities Acquired (A) or      Amount of      ship
                                                    3.           Disposed of (D)                 Securities     Form:     7.
                                                    Transaction  (Instr. 3, 4 and 5)             Beneficially   Direct    Nature of
                                      2.            Code         ------------------------------- Owned at End   (D) or    Indirect
1.                                    Transaction   (Instr. 8)                   (A)             of Month       Indirect  Beneficial
Title of Security                     Date          ------------     Amount      or     Price    (Instr. 3      (I)       Ownership
(Instr. 3)                            (mm/dd/yy)     Code     V                  (D)             and 4)         (Instr.4) (Instr. 4)
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Common Stock                          02/12/01       P                 4,900     A      21.3700                 I         (1)
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Common Stock                          02/13/01       P                   600     A      21.6200                 I         (2)
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Common Stock                          02/14/01       P                 1,000     A      21.7100                 I         (2)
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Common Stock                          02/21/01       P                   400     A      21.6000  3,783,635      I         (2)
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*    If the Form is filed by more than one  Reporting  Person,  see  Instruction
     4(b)(v).

Reminder: Report on a separate line for each class of securities beneficially
          owned directly or indirectly.

                            (Print or Type Responses)
                                                                          (Over)
(Form 4-07/99)




FORM 4 (continued)

Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
         (e.g., puts, calls, warrants, options, convertible securities)

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                                                                                                                    10.
                                                                                                          9.        Owner-
                                                                                                          Number    ship
                                                                                                          of        Form
             2.                                                                                           Deriv-    of
             Conver-                     5.                                    7.                         ative     Deriv-   11.
             sion                        Number of                             Title and Amount           Secur-    ative    Nature
             or                          Derivative          6.                of Underlying     8.       ities     Secur-   of
             Exer-             4.        Securities          Date              Securities        Price    Bene-     ity:     In-
             cise     3.       Trans-    Acquired (A)        Exercisable and   (Instr. 3 and 4)  of       ficially  Direct   direct
             Price    Trans-   action    or Disposed         Expiration Date   ----------------  Deriv-   Owned     (D) or   Bene-
1.           of       action   Code      of(D)               (Month/Day/Year)            Amount  ative    at End    In-      ficial
Title of     Deriv-   Date     (Instr.   (Instr. 3,          ----------------            or      Secur-   of        direct   Owner-
Derivative   ative    (Month/  8)        4 and 5)            Date     Expira-            Number  ity      Month     (I)      ship
Security     Secur-   Day/     ------    ------------        Exer-    tion               of      (Instr.  (Instr.   (Instr.  (Instr.
(Instr. 3)   ity      Year)    Code V    (A)    (D)          cisable  Date     Title     Shares  5)       4)        4)       4)
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Explanation of Responses:
(J)  All shareholders were granted rights by the issuer for no consideration.

     (1) The reporting person,  Martin Jacob Whitman, is Chief Executive Officer
and  controls  a  majority  of the shares of the  corporation  that holds  these
securities,  EQSF  Advisers,  Inc. (see below).  Martin Jacob Whitman  disclaims
beneficial  ownership  of these  securities  with  respect  to the shares of the
corporation  not owned by him,  and this report shall not be deemed an admission
that  the  reporting  person  is the  beneficial  owner of such  securities  for
purposes of Section 16 or for any other purpose.

     (2) The reporting person, Martin Jacob Whtiman, is Chief Executive officer,
Chief  Investment  Officer and controlling  shareholder of the corporation  that
holds these  securities,  M.J.  Whitman  Advisers,  Inc.  Martin  Jacob  Whitman
disclaims beneficial ownership of these securities with respect to the shares of
the  corporation  not  owned by him,  and this  report  shall  not be  deemed an
admission that the reporting  person is the beneficial  owner of such securities
for purposes of Section 16 or for any other purpose.

     EQSF  Advisers,  Inc.  is also a  reporting  person  as a 10%  owner and is
located at the same address as Martin Jacob Whitman.


 /s/ Martin J. Whitman                                        March 15, 2001
---------------------------------------------            -----------------------
      **Signature of Reporting Person                             Date


**     Intentional misstatements or omissions of facts constitute Federal
       Criminal Violations.

       See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:  File three copies of this Form, one of which must be manually signed.
       If space provided is insufficient, see Instruction 6 for procedure.


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