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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 3-31-99
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Check here if Amendment [ ]; Amendment Number:
--------------
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings
entries.
Institutional Investment Manager Filing this Report:
Name: Financial Trust Services Company
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Address: P.O. Box 220
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One West High St.
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Carlisle PA 17013
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Form 13F File Number: 28-
-----------------
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Bonnie E. Long
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Title: Trust Operations Officer
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Phone: (814) 944-1195
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Signature, Place, and Date of Signing:
Bonnie E. Long Altoona PA 16601 5/14/99
- ------------------------ ----------------------------- --------------
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this
reporting manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this
report, and all holdings are reported by other reporting
manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the
holdings for this reporting manager are reported in this
report and a portion are reported by other reporting
manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-
------------------ ------------------------
[Repeat as necessary.]
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers:
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Form 13F Information Table Entry Total:
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Form 13F Information Table Value Total: $
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(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file
number(s) of all institutional investment managers with respect
to which this report is filed, other than the manager filing this
report.
[If there are no entries in this list, state "NONE" and omit the
column headings and list entries.]
No. Form 13F File Number Name
28-
---- --------------------- ----------------------
[Repeat as necessary.]
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<CAPTION>
REPORT PTR289 40 FINANCIAL TRUST SERVICES COMPANY SECURITIES AND EXCHANGE COMMISSION FORM 13-F 05/11/99 PAGE 1
AS OF 03/31/99
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AFLAC CORP 001055102 1,603 29,450 SH X 24,450 5,000
A T & T CORP 001957109 6,503 81,472 SH X 75,872 5,300 300
A T & T CORP 001957109 306 3,830 SH X X 3,830
ABBOTT LABORATORIES 002824100 3,964 84,678 SH X 78,378 2,900 3,400
ABBOTT LABORATORIES 002824100 187 4,000 SH X X 4,000
AETNA INC 008117103 705 8,490 SH X 8,490
AIRTOUCH COMMUNICATIONS INC 00949T100 1,040 10,765 SH X 6,965 300 3,500
AIRTOUCH COMMUNICATIONS INC 00949T100 135 1,400 SH X X 1,400
ALLEGHENY ENERGY INC 017361106 205 6,944 SH X 5,244 1,700
ALLEGHENY ENERGY INC 017361106 89 3,000 SH X X 3,000
ALLSTATE CORPORATION 020002101 216 5,818 SH X 5,818
COM
ALLTEL CORP 020039103 1,225 19,632 SH X 19,386 246
ALLTEL CORP 020039103 362 5,800 SH X X 5,800
AMERICAN GENERAL CORP 026351106 423 6,000 SH X 6,000
AMERICAN HOME PRODUCTS INC 026609107 4,556 69,825 SH X 69,325 500
AMERICAN HOME PRODUCTS INC 026609107 940 14,400 SH X X 6,400 8,000
AMERICAN STORES 030096101 264 8,000 SH X 8,000
AMERITECH CORP NEW 030954101 667 11,578 SH X 11,578
AMERITECH CORP NEW 030954101 173 3,000 SH X X 3,000
AMP INC 031897101 7,102 132,746 SH X 132,046 700
AMP INC 031897101 2,016 37,674 SH X X 200 37,474
ANHEUSER BUSCH COS INC 035229103 327 4,300 SH X 4,300
ARMSTRONG WORLD INDUSTRIES INC 042476101 454 10,050 SH X 10,050
ASSOCIATES FIRST CAPITAL CORP CL A 046008108 370 8,212 SH X 7,796 416
ATLANTIC RICHFIELD 048825103 2,396 32,770 SH X 30,370 1,400 1,000
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PAGE TOTAL 36,228
</TABLE>
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<TABLE>
<CAPTION>
REPORT PTR289 40 FINANCIAL TRUST SERVICES COMPANY SECURITIES AND EXCHANGE COMMISSION FORM 13-F 05/11/99 PAGE 2
AS OF 03/31/99
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ATLANTIC RICHFIELD 048825103 146 2,000 SH X X 2,000
BAKER HUGHES INC 057224107 371 15,276 SH X 15,276
BALTIMORE GAS & ELECTRIC 059165100 1,182 46,575 SH X 45,975 600
BALTIMORE GAS & ELECTRIC 059165100 208 8,200 SH X X 8,200
BANK OF NEW YORK 064057102 725 20,164 SH X 18,964 1,200
BANK ONE CORP 06423A103 606 11,006 SH X 11,006
BANKAMERICA CORP NEW 06605F102 1,278 18,098 SH X 18,098
BELL ATLANTIC CORP 077853109 5,744 111,122 SH X 105,722 600 4,800
BELL ATLANTIC CORP 077853109 425 8,214 SH X X 8,214
BELLSOUTH CORP 079860102 5,311 132,576 SH X 123,376 9,200
BELLSOUTH CORP 079860102 263 6,568 SH X X 2,900 3,668
BESTFOODS 08658U101 312 6,646 SH X 6,246 400
BLACKROCK PENN TAX FR INC-I 091928622 584 53,081 SH X 53,081
BRISTOL MYERS SQUIBB CO 110122108 4,349 67,818 SH X 60,218 7,600
BRISTOL MYERS SQUIBB CO 110122108 551 8,600 SH X X 8,600
BURLINGTON NORTHERN SANTA FE INC 12189T104 1,114 33,900 SH X 33,900
BURLINGTON NORTHERN SANTA FE INC 12189T104 25 750 SH X X 750
CSX CORP 126408103 694 17,815 SH X 17,815
CSX CORP 126408103 144 3,700 SH X X 3,500 200
CAMPBELL SOUP CO 134429109 317 7,800 SH X 7,800
CARLISLE COMPANIES INC 142339100 2,614 55,908 SH X 53,908 2,000
CAROLINA POWER & LIGHT CO 144141108 247 6,526 SH X 6,526
CAROLINA POWER & LIGHT CO 144141108 83 2,200 SH X X 2,200
CATERPILLAR INC 149123101 294 6,400 SH X 6,200 200
CHASE MANHATTAN CORP NEW 16161A108 1,030 12,654 SH X 11,154 500 1,000
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PAGE TOTAL 28,617
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT PTR289 40 FINANCIAL TRUST SERVICES COMPANY SECURITIES AND EXCHANGE COMMISSION FORM 13-F 05/11/99 PAGE 3
AS OF 03/31/99
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CHEVRON CORP 166751107 457 5,150 SH X 4,450 700
CISCO SYSTEMS INC 17275R102 735 6,710 SH X 5,810 900
CISCO SYSTEMS INC 17275R102 282 2,575 SH X X 2,575
CITIGROUP INC 172967101 1,657 25,944 SH X 25,175 519 250
CITIGROUP INC 172967101 80 1,250 SH X X 1,250
COASTAL CORP 190441105 753 22,825 SH X 22,825
COCA COLA 191216100 1,516 24,708 SH X 23,508 1,200
COCA COLA 191216100 86 1,400 SH X X 1,400
COLGATE-PALMOLIVE CO 194162103 14 150 SH X 150
COLGATE-PALMOLIVE CO 194162103 258 2,800 SH X X 2,800
COMPAQ COMPUTER CORP 204493100 1,402 44,255 SH X 41,155 3,000 100
CONAGRA INC 205887102 740 28,864 SH X 28,064 500 300
ALLEN DISTRIBUTION 14.85% INTEREST 2307603Y4 1,804 1,804,275 SH X 1,804,275
LTD PARTNERSHIP
MCCOY GROUP & MCCOY 2309424Y7 27 26,788 SH X 26,788
HOLLY INVESTMENT CO 2309425Y6 65 65,000 SH X 65,000
DELAWARE GROUP TAX FREE PA FUND A 233216100 303 36,583 SH X 36,583
CLASS
DELAWARE GROUP TAX FREE PA FUND A 233216100 21 2,506 SH X X 2,506
CLASS
DEERE & CO 244199105 736 19,050 SH X 18,950 100
DELL COMPUTER CORP 247025109 1,214 29,700 SH X 21,700 8,000
DELL COMPUTER CORP 247025109 16 400 SH X X 400
DISNEY WALT CO 254687106 1,135 36,460 SH X 30,460 6,000
DISNEY WALT CO 254687106 56 1,800 SH X X 1,800
DOMINION RESOURCES INC VA 257470104 176 4,775 SH X 4,775
DOMINION RESOURCES INC VA 257470104 74 1,999 SH X X 1,999
DOVER CORP 260003108 3,140 95,500 SH X 94,300 1,200
----------
PAGE TOTAL 16,747
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT PTR289 40 FINANCIAL TRUST SERVICES COMPANY SECURITIES AND EXCHANGE COMMISSION FORM 13-F 05/11/99 PAGE 4
AS OF 03/31/99
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
DOVER CORP 260003108 46 1,400 SH X X 1,400
DOW CHEMICAL 260543103 1,969 21,131 SH X 19,456 1,675
DOW CHEMICAL 260543103 37 400 SH X X 400
DUPONT E I DE NEMOURS & COMPANY 263534109 4,139 71,292 SH X 65,392 3,000 2,900
DUPONT E I DE NEMOURS & COMPANY 263534109 163 2,800 SH X X 2,400 400
EATON CORP 278058102 723 10,115 SH X 8,615 500 1,000
EMERSON ELECTRIC 291011104 617 11,655 SH X 11,655
EMERSON ELECTRIC 291011104 11 200 SH X X 200
ENRON CORP 293561106 209 3,257 SH X 3,257
ENTERGY CORP WI 29364G103 268 9,750 SH X 9,750
EXXON CORP 302290101 10,737 152,161 SH X 136,561 15,200 400
EXXON CORP 302290101 413 5,850 SH X X 4,850 1,000
FPL GROUP INC 302571104 808 15,175 SH X 14,175 1,000
FARMERS NATIONAL BANCORP INC 309628105 209 5,000 SH X 5,000
FEDERAL HOME LOAN MTGE CORP 313400301 304 5,300 SH X 5,300
FEDERATED #47 U.S. GOVERNMENT SEC 31428P103 350 32,574 SH X 27,982 4,591
(2-5 YRS) FUND
FEDERATED #47 U.S. GOVERNMENT SEC 31428P103 28 2,634 SH X X 2,634
(2-5 YRS) FUND
FEDERATED #647 US GOVT SEC 5-10 31428S107 175 17,035 SH X 17,035
SH BEN INT IS
FIRST UNION CORP N CAROLINA 337358105 5,575 104,332 SH X 92,282 11,950 100
FIRST UNION CORP N CAROLINA 337358105 517 9,670 SH X X 9,670
FORD MOTOR 345370100 1,236 21,800 SH X 21,000 800
FORD MOTOR 345370100 57 1,000 SH X X 1,000
FORTUNE BRANDS INC 349631101 279 7,250 SH X 7,250
FORTUNE BRANDS INC 349631101 58 1,500 SH X X 1,500
FRANKLIN FINL SVCS CORP 353525108 715 23,828 SH X 16,828 7,000
----------
PAGE TOTAL 29,643
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT PTR289 40 FINANCIAL TRUST SERVICES COMPANY SECURITIES AND EXCHANGE COMMISSION FORM 13-F 05/11/99 PAGE 5
AS OF 03/31/99
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
GTE CORP 362320103 3,414 56,422 SH X 50,422 6,000
GTE CORP 362320103 194 3,206 SH X X 600 2,606
GENERAL ELECTRIC CO 369604103 14,523 131,285 SH X 112,785 14,500 4,000
GENERAL ELECTRIC CO 369604103 1,372 12,400 SH X X 12,400
GENERAL MOTORS CORP 370442105 510 5,867 SH X 5,667 200
GEORGIA PACIFIC GROUP 373298108 305 4,104 SH X 4,104
GEORGIA PACIFIC TIMBER GROUP 373298702 327 14,554 SH X 14,304 250
GILLETTE CO 375766102 452 7,600 SH X 7,000 600
GILLETTE CO 375766102 36 600 SH X X 600
GLATFELTER P H CO 377316104 615 55,000 SH X 55,000
GOVERNOR LIMITED DURATION 383757408 9,511 957,845 SH X 936,248 6,114 15,482
GOVERNMENT SECURITIES FUND
GOVERNOR PENNSYLVANIA MUNICIPAL 383757507 6,005 580,220 SH X 539,537 33,471 7,211
BOND FUND
GOVERNOR PENNSYLVANIA MUNICIPAL 383757507 1,674 161,768 SH X X 90,930 40,941 29,896
BOND FUND
GOVERNOR INTERMEDIATE TERM INCOME 383757606 36,781 3,757,007 SH X 3,666,051 60,334 30,620
FUND
GOVERNOR INTERMEDIATE TERM INCOME 383757606 159 16,193 SH X X 16,193
FUND
HALLIBURTON CO 406216101 664 17,251 SH X 17,251
HALLIBURTON CO 406216101 50 1,302 SH X X 1,302
HEINZ H J CO 423074103 698 14,725 SH X 9,325 900 4,500
HERSHEY FOODS CORP 427866108 1,211 21,600 SH X 19,500 2,100
HERSHEY FOODS CORP 427866108 8 140 SH X X 140
HEWLETT PACKARD CO 428236103 205 3,021 SH X 1,621 1,400
HEWLETT PACKARD CO 428236103 27 400 SH X X 400
HOME DEPOT INC 437076102 75 1,200 SH X 1,200
HOME DEPOT INC 437076102 241 3,864 SH X X 3,864
HONEYWELL INC 438506107 182 2,400 SH X 2,400
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PAGE TOTAL 79,239
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT PTR289 40 FINANCIAL TRUST SERVICES COMPANY SECURITIES AND EXCHANGE COMMISSION FORM 13-F 05/11/99 PAGE 6
AS OF 03/31/99
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
HONEYWELL INC 438506107 61 800 SH X X 800
HUNTINGTON BANCSHARES INC 446150104 264 8,530 SH X 8,530
HUNTINGTON BANCSHARES INC 446150104 94 3,025 SH X X 3,025
IDS HIGH YIELD TAX EXEMPT FUND INC 449440106 50 10,690 SH X 10,690
INGERSOLL RAND CO 456866102 261 5,250 SH X 5,250
INTEL CORP 458140100 519 4,370 SH X 3,220 1,150
INTERNATIONAL BUSINESS MACHINES 459200101 4,768 26,902 SH X 25,052 1,350 500
CORP
INTERNATIONAL BUSINESS MACHINES 459200101 765 4,313 SH X X 4,000 113 200
CORP
INTERNATIONAL PAPER CO 460146103 363 8,600 SH X 8,600
JLG INDUSTRIES INC 466210101 284 20,842 SH X 20,842
JOHNSON & JOHNSON 478160104 2,175 23,260 SH X 22,060 1,200
JOHNSON & JOHNSON 478160104 206 2,200 SH X X 2,200
KEYSTONE FINANCIAL INC 493482103 25,135 779,372 SH X 22,294 196,446 560,632
KEYSTONE FINANCIAL INC 493482103 1,665 51,618 SH X X 300 12,427 38,891
KIMBERLY CLARK CORP 494368103 332 6,927 SH X 6,575 352
LILLY ELI & CO 532457108 1,538 18,125 SH X 16,925 1,200
LILLY ELI & CO 532457108 123 1,450 SH X X 1,450
LITTON INDUSTRIES INC 538021106 284 4,895 SH X 4,895
LUCENT TECHNOLOGIES INC 549463107 7,677 71,087 SH X 66,023 5,064
LUCENT TECHNOLOGIES INC 549463107 713 6,600 SH X X 6,600
MCI WORLDCOM INC 55268B106 487 5,498 SH X 5,498
MCI WORLDCOM INC 55268B106 124 1,400 SH X X 1,400
MCDONALDS CORP 580135101 1,328 29,300 SH X 27,900 1,400
MEDIAONE GROUP INC 58440J104 268 4,227 SH X 3,927 300
MEDIAONE GROUP INC 58440J104 38 600 SH X X 600
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PAGE TOTAL 49,522
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT PTR289 40 FINANCIAL TRUST SERVICES COMPANY SECURITIES AND EXCHANGE COMMISSION FORM 13-F 05/11/99 PAGE 7
AS OF 03/31/99
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MELLON BANK CORP 585509102 398 5,650 SH X 3,650 2,000
MERCK & COMPANY INC 589331107 3,038 37,920 SH X 35,720 2,200
MERCK & COMPANY INC 589331107 801 10,000 SH X X 4,000 6,000
MINNESOTA MINING & MANUFACTURING 604059105 421 5,950 SH X 5,750 200
CO
MOBIL CORP 607059102 7,068 80,320 SH X 74,820 3,500 2,000
MOBIL CORP 607059102 308 3,500 SH X X 3,500
MONSANTO CO 611662107 1,670 36,350 SH X 30,850 1,500 4,000
MONSANTO CO 611662107 34 750 SH X X 750
MORGAN J P & CO INC 616880100 490 3,975 SH X 3,655 320
MORGAN J P & CO INC 616880100 49 400 SH X X 400
MORGAN STANLEY DEAN WITTER & CO 617446448 585 5,855 SH X 5,655 200
MOTOROLA INC 620076109 2,071 28,275 SH X 26,475 1,800
MOTOROLA INC 620076109 44 600 SH X X 600
FEDERATED #311 PA MUNI INCOME FD A 625922505 1,435 121,387 SH X 121,387
FEDERATED #311 PA MUNI INCOME FD A 625922505 49 4,182 SH X X 4,182
NEW CENTURY ENERGIES INC 64352U103 690 20,250 SH X 20,250
NEW ENGLAND MUNICIPAL INCOME FUND A 644036600 116 15,000 SH X 15,000
NICOR INC 654086107 248 6,900 SH X 6,800 100
NIKE INC C/B 654106103 498 8,625 SH X 8,625
NORFOLK SOUTHERN CORP 655844108 510 19,350 SH X 18,450 900
NORFOLK SOUTHERN CORP 655844108 142 5,400 SH X X 5,400
NUVEEN FLAGSHIP PA MUNI FUND R 67065L716 109 10,325 SH X 10,325
PNC BANK CORP 693475105 2,461 44,301 SH X 37,905 6,146 250
PNC BANK CORP 693475105 28 500 SH X X 500
P P & L RESOURCES INC 693499105 2,203 89,016 SH X 81,616 1,400 6,000
----------
PAGE TOTAL 25,466
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT PTR289 40 FINANCIAL TRUST SERVICES COMPANY SECURITIES AND EXCHANGE COMMISSION FORM 13-F 05/11/99 PAGE 8
AS OF 03/31/99
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
P P & L RESOURCES INC 693499105 50 2,000 SH X X 2,000
PPG INDUSTRIES INC 693506107 946 18,467 SH X 18,467
PPG INDUSTRIES INC 693506107 86 1,685 SH X X 1,451 234
PALL CORP 696429307 166 10,000 SH X X 10,000
PENNEY J C 708160106 490 12,100 SH X 9,500 2,600
PEPSICO INC 713448108 740 18,887 SH X 18,487 200 200
PEPSICO INC 713448108 39 1,000 SH X X 1,000
PFIZER INC 717081103 3,890 28,035 SH X 25,835 2,200
PFIZER INC 717081103 944 6,800 SH X X 6,800
PHELPS DODGE CORP 717265102 330 6,700 SH X 6,700
PHILIP MORRIS COMPANIES INC 718154107 2,151 61,125 SH X 58,925 2,200
PHILIP MORRIS COMPANIES INC 718154107 301 8,550 SH X X 4,050 4,500
PITNEY BOWES 724479100 663 10,400 SH X X 10,400
PROCTER & GAMBLE CO 742718109 2,355 24,050 SH X 23,650 400
PROCTER & GAMBLE CO 742718109 118 1,200 SH X X 1,200
PUBLIC SERVICE ENTERPRISE GROUP INC 744573106 140 3,658 SH X 3,658
PUBLIC SERVICE ENTERPRISE GROUP INC 744573106 115 3,000 SH X X 3,000
RAYTHEON CO CL B 755111408 932 15,900 SH X 15,400 500
T ROWE PRICE TAX-FREE INCOME FUND 779576107 130 13,187 SH X 13,187
SBC COMMUNICATIONS INC 78387G103 2,864 60,693 SH X 56,855 3,838
SBC COMMUNICATIONS INC 78387G103 373 7,914 SH X X 7,914
SCHERING-PLOUGH CORP 806605101 1,078 19,518 SH X 10,518 9,000
SCHERING-PLOUGH CORP 806605101 238 4,300 SH X X 4,300
SEARS ROEBUCK & CO 812387108 278 6,150 SH X 6,150
SELECTIVE INSURANCE GROUP 816300107 333 18,904 SH X 18,004 900
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PAGE TOTAL 19,750
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT PTR289 40 FINANCIAL TRUST SERVICES COMPANY SECURITIES AND EXCHANGE COMMISSION FORM 13-F 05/11/99 PAGE 9
AS OF 03/31/99
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
THE SOUTHERN CO 842587107 267 11,440 SH X 11,440
SOUTHTRUST CORP 844730101 218 5,850 SH X 5,850
SPRINT CORP 852061100 4,015 40,917 SH X 37,117 3,800
SPRINT CORP 852061100 10 100 SH X X 100
SPRINT CORP (PCS GRP) 852061506 945 21,321 SH X 19,421 1,900
SPRINT CORP (PCS GRP) 852061506 2 50 SH X X 50
STATE STREET CORP 857477103 5,493 66,790 SH X 66,790
STEINROE HIGH YIELD MUNI FUND 85847P102 275 23,045 SH X 23,045
SUMMIT BANCORP 866005101 371 9,509 SH X 9,509
SUN MICROSYSTEMS INC 866810104 541 4,325 SH X 3,325 1,000
SUN MICROSYSTEMS INC 866810104 38 300 SH X X 300
SUNTRUST BANKS INC 867914103 396 6,362 SH X 6,362
SUSQUEHANNA BANCSHARES INC 869099101 368 20,001 SH X 15,782 4,219
SUSQUEHANNA BANCSHARES INC 869099101 20 1,098 SH X X 1,098
TEXACO INC 881694103 562 9,898 SH X 8,698 1,200
MERCERSBURG FINANCIAL CORP 906990940 72 1,200 SH X 1,200
MERCERSBURG FINANCIAL CORP 906990940 304 5,060 SH X X 5,060
US WEST INC NEW 91273H101 892 16,199 SH X 15,791 408
US WEST INC NEW 91273H101 50 915 SH X X 615 300
UNITED TECHNOLOGIES CORP 913017109 1,226 9,050 SH X 8,950 100
UNITED TECHNOLOGIES CORP 913017109 108 800 SH X X 800
UNITRIN INC 913275103 275 8,800 SH X 8,800
VAN KAMPEN PA TAX-FREE INCOME FUND 920902103 316 17,615 SH X 17,615
CL A
VAN KAMPEN US GOVERNMENT FUND INC 921129102 118 8,255 SH X 6,776 1,479
CL A
VAN KAMPEN US GOVERNMENT FUND INC 921129102 106 7,401 SH X X 7,401
CL A
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PAGE TOTAL 16,988
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
REPORT PTR289 40 FINANCIAL TRUST SERVICES COMPANY SECURITIES AND EXCHANGE COMMISSION FORM 13-F 05/11/99 PAGE 10
AS OF 03/31/99
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
WALGREEN CO 931422109 831 29,400 SH X 29,400
WARNER LAMBERT CO 934488107 3,208 48,425 SH X 47,075 1,200 150
WARNER LAMBERT CO 934488107 1,004 15,150 SH X X 13,650 1,500
WENDY'S INTERNATIONAL INC 950590109 373 13,125 SH X 13,125
WILLIAMS COMPANIES INC 969457100 1,016 25,715 SH X 24,215 500 1,000
XEROX CORP 984121103 597 11,450 SH X 11,450
XEROX CORP 984121103 52 1,000 SH X X 1,000
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PAGE TOTAL 7,081
FINAL TOTALS 309,281
</TABLE>
