FORM 10-K

                      SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C.  20549
(Mark One)

 (  X  )               ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
             OF THE SECURITIES EXCHANGE ACT OF 1934 (FEE REQUIRED)
                 FOR THE FISCAL YEAR ENDED: December 31, 1995

                                      OR

 (  )          TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
              SECURITIES EXCHANGE ACT OF 1934 (NO FEE REQUIRED)
         FOR THE TRANSITION PERIOD FROM ___________ TO ______________

                      Commission File Number:  33-96262

                            TRITON ENERGY LIMITED
            (Exact name of registrant as specified in its charter)
                   (formerly known as TC Holdings Limited)

          CAYMAN ISLANDS                             NONE
  (State or other jurisdiction of                    (I.R.S. Employer
   incorporation or organization)                    Identification No.)

          CALEDONIAN HOUSE
      MARY STREET, P. O. BOX 1043
            GEORGE TOWN
      GRAND CAYMAN, CAYMAN ISLANDS                    NONE
(Address of principal executive offices)              (Zip Code)

     Registrant's telephone number, including area code:  (809) 949-0050

         Securities registered pursuant to Section 12(b) of the Act:

                                        NAME OF EACH EXCHANGE
          TITLE OF EACH CLASS            ON WHICH REGISTERED

                None                         None

         Securities registered pursuant to Section 12(g) of the Act:

                                    None.

          THE REGISTRANT MEETS THE CONDITIONS SET FORTH IN GENERAL INSTRUCTION
(J)(1)(a) AND (b) OF FORM 10-K AND IS THEREFORE FILING THIS FORM 10-K WITH THE
REDUCED DISCLOSURE FORMAT.

     INDICATE BY CHECK MARK WHETHER THE REGISTRANT (1) HAS FILED ALL REPORTS
REQUIRED TO BE FILED BY SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934 DURING THE PRECEDING 12 MONTHS (OR FOR SUCH SHORTER PERIOD THAT THE
REGISTRANT WAS REQUIRED TO FILE SUCH REPORTS), AND (2) HAS BEEN SUBJECT TO
SUCH FILING REQUIREMENTS FOR THE PAST 90 DAYS.  YES (X)        NO

         INDICATE BY CHECK MARK IF DISCLOSURE OF DELINQUENT FILERS PURSUANT TO
ITEM 405 OF REGULATION S-K IS NOT CONTAINED HEREIN, AND WILL NOT BE CONTAINED,
TO  THE  BEST  OF  REGISTRANT'S  KNOWLEDGE, IN DEFINITIVE PROXY OR INFORMATION
STATEMENTS  INCORPORATED  BY  REFERENCE  IN  PART III OF THIS FORM 10-K OR ANY
AMENDMENT TO THIS FORM 10-K.  (X)

          ALL  OF  THE VOTING STOCK OF THE REGISTRANT IS HELD BY TRITON ENERGY
CORPORATION.

      AS OF MARCH 21, 1996, 1,000 SHARES OF THE REGISTRANT'S COMMON STOCK WERE
OUTSTANDING.


                     DOCUMENTS INCORPORATED BY REFERENCE
      NOT APPLICABLE.


                            TRITON ENERGY LIMITED

                              TABLE OF CONTENTS

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Form 10-K Item                                                                   Page

PART I
ITEM 1.   Business                                                                  2
ITEM 2.   Properties                                                                2
ITEM 3.   Legal Proceedings                                                         2
ITEM 4.   Submission of Matters to a Vote of Security Holders                       2

PART II
ITEM 5.   Market for Registrant's Common Equity and Related Stockholder Matters     3
ITEM 6.   Selected Financial Data                                                   3
ITEM 7.   Management's Discussion and Analysis of Financial Condition and
          Results of Operation                                                      3
ITEM 8.   Financial Statements and Supplementary Data                               3
ITEM 9.   Changes in and Disagreements with Accountants on Accounting and
          Financial Disclosure                                                      4

PART III
ITEM 10.  Directors and Executive Officers of the Registrant                        4
ITEM 11.  Executive Compensation                                                    4
ITEM 12.  Security Ownership of Certain Beneficial Owners and Management            4
ITEM 13.  Certain Relationships and Related Transactions                            4

PART IV
ITEM 14.  Exhibits, Financial Statement Schedules and Reports on Form 8-K           4

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<PAGE>
                                    PART I



ITEM 1.     BUSINESS

GENERAL

           Triton Energy Limited, a Cayman Islands company (the "Company"), is
a wholly owned subsidiary of Triton Energy Corporation, a Delaware corporation
("Triton  Delaware"),  an  international  oil  and  gas  exploration  company
primarily  engaged  in  exploration  and  production  through subsidiaries and
affiliates.  The Company was formed in August 1995 to permit the creation of a
holding  company  structure for Triton Delaware and has engaged in no business
since  its  formation.  Triton  Delaware  has  called a special meeting of its
stockholders  to be held on March 25, 1996 at which the stockholders will vote
on  the  proposed  reorganization  of Triton Delaware (the "Reorganization").
Pursuant  to  the  Reorganization, the Company would become the parent holding
company of Triton Delaware  through the merger of a wholly owned subsidiary of
the  Company  with  and  into  Triton  Delaware.    If  the  Reorganization is
consummated,  Triton  Delaware will become a subsidiary of the Company and the
Company  will  continue  to  conduct  the businesses (through subsidiaries and
affiliates)  in  which Triton Delaware is now engaged.  The Company and Triton
Delaware  have  filed  with  the  Securities  and  Exchange Commission a Proxy
Statement/Joint  Prospectus  dated  as  of  February  23, 1996 relating to the
special  meeting  and  the  securities  to  be issued if the Reorganization is
consummated.    Triton  Delaware's  principal  properties  and  operations are
located  in  Colombia  and Malaysia-Thailand. Triton Delaware also has oil and
gas  interests  in other Latin American and Asian countries, Europe, Australia
and North America.

          Triton Delaware was incorporated in Texas in 1962 and reincorporated
in Delaware in 1995.  The Company's principal executive offices are located at
Caledonian  House,  Mary  Street,  P.  O. Box 1043, George Town, Grand Cayman,
Cayman Islands.

ITEM 2.     PROPERTIES

                The Company has no significant properties and has conducted no
business since its inception.

ITEM 3.     LEGAL PROCEEDINGS

          The Company is not a party to any legal proceedings.

ITEM 4.     SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

          Omitted pursuant to General Instruction J(2) of Form 10-K.



<PAGE>
                                   PART II

ITEM  5.   MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER
           MATTERS

           All of the Company's common equity is held by Triton Delaware.  The
Company has never paid dividends on its common equity.

           If the Reorganization is consummated, each outstanding share of
Common  Stock  of  Triton Delaware at the effective time of the Reorganization
(the  "Effective  Time")  (other than shares held in treasury and shares as to
which an election to receive Equity Units (as defined below) has been made and
not withdrawn, subject to certain limitations) will be automatically converted
into  one  Class A Ordinary Share of the Company. Holders of not less than 15%
but  not  more  than 25% of the outstanding shares of Triton Delaware's Common
Stock  at  the  Effective  Time,  in  the aggregate, may make an unconditional
election  to  receive an equity unit ("Equity Unit") consisting of one Class B
Ordinary  Share  of  the  Company  and one-tenth of one share of participating
preferred  stock of Triton Delaware for each share of  Common Stock of Triton
Delaware owned  in  lieu of such shares being converted into Class A Ordinary
Shares.  Each  such  Class  B  Ordinary  Share  and  one-tenth  of  a share of
participating  preferred  stock  would  be paired and after such pairing could
only  be  traded  together  as  a  unit.  If  holders  of less than 15% of the
outstanding shares of Common Stock of Triton Delaware, in the aggregate, elect
to  receive  Equity  Units, no Equity Units will be issued and all such shares
would  be automatically converted into Class A Ordinary Shares of the Company.
The  Class  A  Ordinary  Shares have been approved for listing on the New York
Stock Exchange under the  symbol "OIL," the same symbol under which the Common
Stock  of  Triton Delaware is currently listed, and the Equity Units have been
approved for listing on the New York Stock Exchange under the symbol "OIL.B."

ITEM 6.     SELECTED FINANCIAL DATA.

            Omitted pursuant to General Instruction (J)(2) of Form 10-K.  The
Company has conducted no business since its inception.

ITEM  7.    MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
            RESULTS OF OPERATION.

             Omitted pursuant to General Instruction (J)(2) of Form 10-K.  The
Company  has  conducted  no  business  since its inception in August 1995.  In
November  1995,  Triton  Delaware  solicited the consent of the holders of its
publicly  issued  notes  to  certain  amendments to the indentures pursuant to
which  such  notes  were issued.  Such amendments included a provision for the
issuance  of  guarantees by the Company of Triton Delaware's obligations under
the  notes  in  the  event  a  transaction  such  as  the  Reorganization were
consummated.


ITEM 8.     FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

              The financial statements required by this item begin at page F-1
hereof.

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ITEM  9.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
          FINANCIAL DISCLOSURE

          Not applicable.

                                   PART III

ITEM 10.  DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

          Omitted pursuant to General Instruction (J)(2) of Form 10-K.

ITEM 11.  EXECUTIVE COMPENSATION

          Omitted pursuant to General Instruction (J)(2) of Form 10-K.

ITEM 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

          Omitted pursuant to General Instruction (J)(2) of Form 10-K.

ITEM 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

          Omitted pursuant to General Instruction (J)(2) of Form 10-K.

                                   PART IV

ITEM 14.  EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K

(a)         The following documents are filed as part of this Annual Report on
Form 10-K:

1.       Financial Statements:  The financial statements filed as part of this
         report  are  listed  in  the "Index to Financial Statements and
         Schedules" on page F-1 hereof.

2.       Financial Statement Schedules:  No financial statement schedules are
         required to be filed as part of this report.

3.       Exhibits required to be filed by Item 601 of Regulation S-K.

         2.1    Agreement and Plan of Merger among Triton Energy Corporation,
                Triton Energy Limited and TEL Merger Corp.(1)
         3.1    Articles of Association of Triton Energy Limited.(2)
         3.2    Memorandum of Association of Triton Energy Limited.(2)
         23.1   Consent of Price Waterhouse LLP.(3)
         24     Power of Attorney (included in the signature page hereof).(3)
         27.1   Financial Data Schedule (3)


<PAGE>
____________________
(1)     Previously filed as an exhibit to the Annual Report on Form 10-K for
        the  year  ended  December  31,1995 of Triton Energy Corporation and
        incorporated herein by reference.
(2)     Previously  filed  as an exhibit to the Registrant's Registration
        Statement on Form S-4 (No. 33-96262) and incorporated herein by
        reference.
(3)     Filed herewith.

(b)     Reports on Form 8-K.

        None


<PAGE>
                                  SIGNATURES


         Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange  Act  of  1934,  the Registrant has duly caused this Annual Report on
Form  10-K to be signed by the undersigned thereunto duly authorized on the 21
day of March, 1996.

                              TRITON ENERGY LIMITED



                              By: /s/Thomas G. Finck
                                     Thomas G. Finck
                                     Chairman of the Board and Chief Executive
                                     Officer

                              POWER OF ATTORNEY

     KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned officers and
directors  of  Triton  Energy  Limited  (the "Company") hereby constitutes and
appoints  Thomas  G.  Finck, Robert B. Holland, III, and Peter Rugg, or any of
them  (with  full  power  to  each  of them to act alone), his true and lawful
attorney-in-fact  and  agent,  with full power of substitution, for him and on
his  behalf  and  in  his name, place and stead, in any and all capacities, to
sign, execute, and file any and all documents relating to the Company's Annual
Report  on  Form  10-K for the year ended December 31, 1995, including any and
all  amendments  and  supplements  thereto,  with  any  regulatory  authority,
granting unto said attorneys, and each of them, full power and authority to do
and perform each and every act and thing requisite and necessary to be done in
and about the premises in order to effectuate the same as fully to all intents
and  purposes  as  he  himself might or could do if personally present, hereby
ratifying and confirming all that said attorneys-in-fact and agents, or any of
them,  or  their or his substitute or substitutes, may lawfully do or cause to
be done.

     Pursuant to the requirements of the Securities Exchange Act of 1934, this
Annual  Report  on Form 10-K has been signed below by the following persons on
behalf  of  the  Registrant  and  in the capacities indicated on the 21 day of
March, 1996.


           Signature                                 Title

 /s/ Thomas G. Finck                  Chairman of the Board and Chief Executive
     Thomas G. Finck                              Officer

 /s/ Peter Rugg                       Senior Vice President and Director
     Peter Rugg                         (Principal financial and
                                             accounting officer)

/s/ Robert B. Holland, III            Senior Vice President and Director
    Robert B. Holland, III



                            TRITON ENERGY LIMITED
                        INDEX TO FINANCIAL STATEMENTS



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TRITON ENERGY LIMITED              PAGE

Report of Independent Accountants  F-2
Balance Sheet - December 31, 1995  F-3
Notes to Balance Sheet             F-4

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<PAGE>
                      REPORT OF INDEPENDENT ACCOUNTANTS




The Board of Directors and
   Shareholder of Triton Energy Limited

In  our  opinion,  the  accompanying  balance  sheet  presents  fairly, in all
material respects, the financial position of Triton Energy Limited at December
31,  1995  in  conformity with generally accepted accounting principles.  This
financial  statement  is  the  responsibility of the Company's management; our
responsibility  is  to express an opinion on this financial statement based on
our  audit.    We  conducted  our  audit  of this statement in accordance with
generally  accepted  auditing standards which require that we plan and perform
the audit to obtain reasonable assurance about whether the financial statement
is  free  of  material  misstatement.   An audit includes examining, on a test
basis,  evidence  supporting  the  amounts  and  disclosures  in the financial
statement,  assessing the accounting principles used and significant estimates
made  by  management,  and  evaluating  the  overall  financial  statement
presentation.    We believe that our audit provides a reasonable basis for the
opinion expressed above.



PRICE WATERHOUSE LLP


Dallas, Texas
February 8, 1996


<PAGE>
                            TRITON ENERGY LIMITED

                                BALANCE SHEET

                              DECEMBER 31, 1995
                     (EXPRESSED IN UNITED STATES DOLLARS)


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SHAREHOLDER'S EQUITY                                                     $
Preferred stock, par value $1, authorized 5,000,000 shares                   ---
Common stock, par value $1, authorized 200,000,000 shares, issued 1,000    1,000
    Subscription receivable                                               (1,000)

       Total shareholder's equity                                        $   ---


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                   See accompanying notes to balance sheet.



<PAGE>
                            TRITON ENERGY LIMITED

                            NOTES TO BALANCE SHEET

1.     GENERAL

Triton Energy Limited (formerly named TC Holdings Limited, "Triton Cayman"), a
wholly-owned  subsidiary  of  Triton Energy Corporation ("Triton Delaware"), a
Delaware  Corporation,  was  incorporated on August 23, 1995 under the laws of
the  Cayman  Islands.  Triton Cayman was formed to become the ultimate holding
company  of  Triton  Delaware if the Board of Directors of Triton Delaware and
the stockholders of Triton Delaware approve such transaction.  Triton Delaware
is  an  international  oil  and  gas  exploration company primarily engaged in
exploration  and  production  through  subsidiaries  and  affiliates.   Triton
Delaware's  principal  properties  and  operations are located in Colombia and
Malaysia-Thailand.    Triton  Delaware also has oil and gas interests in other
Latin American and Asian countries, Europe, Australia and North America.

Triton  Cayman  had no operations from the date of incorporation on August 23,
1995 to December 31, 1995.

2.     TAXATION

Under  current  Cayman  Islands  law, Triton Cayman is not required to pay any
Cayman  Islands  taxes  on  either income or capital gains.  Triton Cayman has
applied  for  and  expects  to  receive  an  Undertaking as to Tax Concessions
Certificate to be issued by the Governor-in-Council pursuant to the provisions
of the Tax Concessions Law which would provide that Triton Cayman would not be
subject to any future income or capital gains taxes which may be imposed for a
period of twenty years beginning on the date of the Undertaking.