SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)*
EAGLE BANCGROUP, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
26941T03
(CUSIP Number)
May 5, 1998
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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.
<PAGE>
Schedule 13G Page 2 of 6 Pages
CUSIP No. 26941T03
______________________________________________________________________________
1) Names of Reporting Persons/I. R. S. Identification Nos.
of Above Persons (Entities Only):
Williamson Investors Limited Partnership
2) Check the Appropriate Box if a Member of a Group (See
Instructions):
(a)
(b)
3) SEC Use Only:
4) Citizenship or Place of Organization:
North Carolina
Number of (5) Sole Voting Power: 0
Shares Bene-
ficially (6) Shared Voting Power: 59,500
Owned by
Each Report- (7) Sole Dispositive Power: 0
ing Person
With (8) Shared Dispositive Power: 59,500
9) Aggregate Amount Beneficially Owned by Each Reporting
Person:
59,500
10) Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions):
11) Percent of Class Represented by Amount in Row 9:
5.1%
12) Type of Reporting Person (See Instructions):
PN
Schedule 13G Page 3 of 6 Pages
CUSIP No. 26941T03
______________________________________________________________________________
1) Names of Reporting Persons/I. R. S. Identification Nos.
of Above Persons (Entities Only):
William H. Williamson, III
2) Check the Appropriate Box if a Member of a Group (See
Instructions):
(a)
(b)
3) SEC Use Only:
4) Citizenship or Place of Organization:
United States
Number of (5) Sole Voting Power: 0
Shares Bene-
ficially (6) Shared Voting Power: 59,500
Owned by
Each Report- (7) Sole Dispositive Power: 0
ing Person
With (8) Shared Dispositive Power: 59,500
9) Aggregate Amount Beneficially Owned by Each Reporting
Person:
59,500
10) Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions):
11) Percent of Class Represented by Amount in Row 9:
5.1%
12) Type of Reporting Person (See Instructions):
IN
SCHEDULE 13G Page 4 of 6 Pages
Item 1(a): Name of Issuer: EAGLE BANCGROUP, INC.
Item 1(b): Address of Issuer's Principal Executive Offices:
301 Fairway Drive
Bloomington, IL 61701
Item 2(a): Name of Person Filing:
This schedule is filed on behalf of Williamson
Investors Limited Partnership, a North Carolina
limited partnership ("WILP"), and William H.
Williamson, III, the Managing General Partner of
WILP, and a citizen of the United States.
Item 2(b): Address of Principal Business Office or, if none,
Residence:
Two First Union Center, Suite 1610
Charlotte, North Carolina 28282
Item 2(c): Citizenship: See above Item 2(a)
Item 2(d): Title of Class of Securities:
Common Stock
Item 2(e): CUSIP Number: 26941T03
Item 3: If this statement is filed pursuant to Section 240.13d-1(b)
or 240.13d-2(b) or (c), check whether the person filing
is a:
(a)[ ] Broker or dealer registered under section 15 of
the Act (15 U.S.C. 78o).
(b)[ ] Bank as defined in section 3(a)(6) of the Act
(15 U.S.C. 78c).
(c)[ ] Insurance company as defined in section 3(a)(19)
of the Act (15 U.S.C. 78c).
(d)[ ] Investment company registered under section 8 of
the Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e)[ ] An investment adviser in accordance with Section
240.13d-1(b)(1)(ii)(E);
(f)[ ] An employee benefit plan or endowment fund in
accordance with Section 240.13d-1(b)(1)(ii)(F);
(g)[ ] A parent holding company or control person in
accordance with Section 240.13d-1(b)(1)(ii)(G);
(h)[ ] A savings association as defined in Section 3(b)
of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)[ ] A church plan that is excluded from the
definition of an investment company under section
3(c)(14) of the Investment Company Act of 1940 (15
U.S.C. 80a-3);
(j)[ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Section 240.13d-1(c),
check this box [x].
SCHEDULE 13G (continued) Page 5 of 6 Pages
Item 4: Ownership:
(a) Amount beneficially owned:
WILP beneficially owns 59,500 shares of common
stock of the issuer. Mr. Williamson may be deemed
to be the beneficial owner of such securities as
result of his position as managing general partner
of WILP, however, Mr. Williamson disclaims
beneficial ownership of such shares.
(b) Percent of Class: 5.1%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the
vote: 0
(ii) Shared power to vote or to direct the
vote: 59,500
(iii) Sole power to dispose or to direct the
disposition of: 0
(iv) Shared power to dispose or to direct the
disposition of: 59,500
Item 5: Ownership of Five Percent or Less of a Class: N/A
Item 6: Ownership of More than Five Percent on Behalf of
Another Person:
WILP has, and Mr. Williamson may be deemed to have
based on his position of managing general partner of
WILP, the right to receive, or the power to direct the
receipt of, dividends from, or the proceeds from the
sale of, such securities. No other person is known to
have (or deemed to have) such right or power with
respect to more than 5% of this class of securities,
except as follows:
Owen F. Brice, general partner
Michael Egues, general partner
Item 7: Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the Parent
Holding Company: N/A
Item 8: Identification and Classification of Members of the
Group: N/A
Item 9: Notice of Dissolution of Group: N/A
Item 10: Certification: By signing below I certify that, to the
best of my 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 that
purpose or effect.
<PAGE>
SCHEDULE 13G (continued) Page 6 of 6 Pages
SIGNATURES
After reasonably inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
Date: May 12, 1998 Williamson Investors Limited
Partnership
By: /s/ WILLIAM H. WILLIAMSON, III
William H. Williamson, III,
Managing General Partner
/S/ WILLIAM H. WILLIAMSON, III
William H. Williamson, III
