Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Brascan Asset Management Holdings Ltd
   2. Issuer Name and Ticker or Trading Symbol
Howard Hughes Corp [HHC] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
Director by deputization ***
(Last)
(First)
(Middle)
181 BAY STREET, P.O. BOX 762		 3. Date of Earliest Transaction (Month/Day/Year)
11/09/2010
(Street)

TORONTO, A6 M5J 2T3		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, Par Value $0.01 per share 11/09/2010   A   789,145 A $ 47.619 789,145 I footnotes (1) (8)
Common Stock, Par Value $0.01 per share 11/09/2010   A   541,513 A $ 47.619 541,513 I footnotes (2) (8)
Common Stock, Par Value $0.01 per share 11/09/2010   A   621,147 A $ 47.619 621,147 I footnotes (3) (8)
Common Stock, Par Value $0.01 per share 11/09/2010   A   71,816 A $ 47.619 71,816 I footnotes (4) (8)
Common Stock, Par Value $0.01 per share 11/09/2010   A   143,342 A $ 47.619 143,342 I footnotes (5) (8)
Common Stock, Par Value $0.01 per share 11/09/2010   A   48,032 A $ 47.619 48,032 I footnotes (6) (8)
Common Stock, Par Value $0.01 per share 11/09/2010   A   48,032 A $ 47.619 48,032 I footnotes (7) (8)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants to acquire Common Stock (9) $ 50 11/09/2010   A   1,247,643   11/09/2010 11/09/2017 Common Stock 1,247,643 (9) 1,247,643 I see footnotes (1) (8)
Warrants to acquire Common Stock (9) $ 50 11/09/2010   A   856,134   11/09/2010 11/09/2017 Common Stock 856,134 (9) 856,134 I see footnotes (2) (8)
Warrants to acquire Common Stock (9) $ 50 11/09/2010   A   982,036   11/09/2010 11/09/2017 Common Stock 982,036 (9) 982,036 I see footnotes (3) (8)
Warrants to acquire Common Stock (9) $ 50 11/09/2010   A   113,541   11/09/2010 11/09/2017 Common Stock 113,541 (9) 113,541 I see footnotes (4) (8)
Warrants to acquire Common Stock (9) $ 50 11/09/2010   A   226,625   11/09/2010 11/09/2017 Common Stock 226,625 (9) 226,625 I see footnotes (5) (8)
Warrants to acquire Common Stock (9) $ 50 11/09/2010   A   75,924   11/09/2010 11/09/2017 Common Stock 75,924 (9) 75,924 I see footnotes (6) (8)
Warrants to acquire Common Stock (9) $ 50 11/09/2010   A   75,924   11/09/2010 11/09/2017 Common Stock 75,924 (9) 75,924 I see footnotes (7) (8)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Brascan Asset Management Holdings Ltd
181 BAY STREET
P.O. BOX 762
TORONTO, A6 M5J 2T3		   X   X   Director by deputization ***

Signatures

 By Aleks Novakovic, Vice President of Brascan Asset Management Limited, /s/ Aleks Novakovic   02/02/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) See Exhibit 99.1; Note 1.
(2) See Exhibit 99.1; Note 2.
(3) See Exhibit 99.1; Note 3.
(4) See Exhibit 99.1; Note 4.
(5) See Exhibit 99.1; Note 5.
(6) See Exhibit 99.1; Note 6.
(7) See Exhibit 99.1; Note 7.
(8) See Exhibit 99.1; Note 8.
(9) See Exhibit 99.1; Note 9.
 
Remarks:
*** David Arthur, a Managing Partner of Brookfield Asset Management Inc., a corporation formed under the laws of the Province
 of Ontario ("BAM"), serves on the board of directors of the Issuer as a representative of each of BAM, Trilon Bancorp Inc.,
 a corporation formed under the laws of the Province of Ontario, Brookfield Private Funds Holdings Inc., a corporation formed
 under the laws of the Province of Ontario, Brookfield Asset Management Private Institutional Capital Adviser (Canada) LP, a
 limited partnership formed under the laws of the Province of Manitoba, Brascan Asset Management Holdings Limited, a Canadian
 entity formed under the Canada Business Corporations Act  and a wholly-owned subsidiary of BAM (the "Reporting Person"),
 Brookfield US Holdings Inc., a corporation formed under the laws of the Province of Ontario, Brookfield US Corporation, a
 Delaware corporation, Brookfield REP GP Inc., a Delaware corporation, Brookfield Retail Split LP, a Delaware limited
 partnership and Brookfield Retail Holdings LLC (formerly REP Investments LLC), a Delaware limited liability company. The
 Reporting Person is a "director by designation" solely for purposes of Section 16 of the Securities Exchange Act of 1934.

Exhibit List:

Exhibit 99.1 - Explanation of Responses

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