SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

(Amendment No. 6)

Under the Securities Exchange Act of 1934

Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria

(Name of Issuer)

Common Stock, 1.00 peso par value

(Title of Class of Securities)

226406106

(CUSIP Number)

December 31, 2011

(Date of Event Which Requires Filing of this Statement)

Check the following box to designate the rule pursuant to which the Schedule is filed:

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 226406106

(1) This information is as of January 31, 2012. See Item 4 for additional details.

(2) The number of shares beneficially owned includes 13,913,960 common shares represented by 1,391,396 American depositary shares (“ADS”) and warrants exercisable into 3,910,038 shares.

(3) The percent of class is based on 501,562,534 shares of outstanding common stock as of June 30, 2011, as reported in the Issuer’s December 28, 2011, Form 20-F, and includes 3,910,038 shares from the potential exercise of the warrants for a total of 505,472,572 shares.

CUSIP No. 226406106

(1) This information is as of January 31, 2012. See Item 4 for additional details.

(2) The number of shares beneficially owned includes 13,913,960 common shares represented by 1,391,396 ADS and warrants exercisable into 3,910,038 shares.

(3) The percent of class is based on 501,562,534 shares of outstanding common stock as of June 30, 2011, as reported in the Issuer’s December 28, 2011, Form 20-F, and includes 3,910,038 shares from the potential exercise of the warrants for a total of 505,472,572 shares.

CUSIP No. 226406106

(1) This information is as of January 31, 2012. See Item 4 for additional details.

(2) The number of shares beneficially owned includes 14,448,970 common shares represented by 1,444,897 ADS and warrants exercisable into 3,910,038 shares.

(3) The percent of class is based on 501,562,534 shares of outstanding common stock as of June 30, 2011, as reported in the Issuer’s December 28, 2011, Form 20-F, and includes 3,910,038 shares from the potential exercise of the warrants for a total of 505,472,572 shares.

CUSIP No. 226406106

(1) This information is as of January 31, 2012. See Item 4 for additional details.

(2) The number of shares beneficially owned includes 14,448,970 common shares represented by 1,444,897 ADS and warrants exercisable into 3,910,038 shares.

(3) The percent of class is based on 501,562,534 shares of outstanding common stock as of June 30, 2011, as reported in the Issuer’s December 28, 2011, Form 20-F, and includes 3,910,038 shares from the potential exercise of the warrants for a total of 505,472,572 shares.

Item 1. 

Item 2.

Not Applicable

As of January 31, 2012 (unless otherwise indicated herein):

David E. Shaw does not own any shares directly. By virtue of David E. Shaw’s position as President and sole shareholder of D. E. Shaw & Co., Inc., which is the general partner of D. E. Shaw & Co., L.P., which in turn is the manager and investment adviser of D. E. Shaw Valence Portfolios, L.L.C. and the investment adviser of D. E. Shaw Oculus Portfolios, L.L.C., and by virtue of David E. Shaw’s position as President and sole shareholder of D. E. Shaw & Co. II, Inc., which is the managing member of D. E. Shaw & Co., L.L.C., which in turn is the manager of D. E. Shaw Oculus Portfolios, L.L.C., David E. Shaw may be deemed to have the shared power to vote or direct the vote of, and the shared power to dispose or direct the disposition of, the 18,359,008 shares (42,028,168 shares as of December 31, 2011) as described above constituting 3.6% (8.3% as of December 31, 2011) of the outstanding shares, and, therefore, David E. Shaw may be deemed to be the beneficial owner of such shares. David E. Shaw disclaims beneficial ownership of such 18,359,008 shares (42,028,168 shares as of December 31, 2011).

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following x.

Not Applicable

Not Applicable

Not Applicable

Not Applicable

By signing below, each of D. E. Shaw Oculus Portfolios, L.L.C., D. E. Shaw & Co., L.L.C., D. E. Shaw & Co., L.P., and David E. Shaw certify that, to the best of such reporting person’s knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purposes or effect.

SIGNATURE

After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Powers of Attorney, dated December 15, 2011, granted by David E. Shaw in favor of Nathan Thomas, are attached hereto.

Dated: February 14, 2012