SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________
SCHEDULE 13G
(RULE 13D-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13D-1(B) AND (C) AND AMENDMENTS THERETO FILED
PURSUANT TO 13D-2(B)
(AMENDMENT NO. _________){1}
First International Bancorp, Inc.
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.10 per share
- -------------------------------------------------------------------------------
(Title of Class of Securities)
32054Q 10
- -------------------------------------------------------------------------------
(CUSIP Number)
_____________
**FOOTNOTES**
{1} 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 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).
<PAGE>
CUSIP No. 32054Q 10 13G Page 2 of 7 Pages
1 NAMES OF REPORTING PERSONS
IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Arnold Chase Accumulation Trust I
06-6224560
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
5 SOLE VOTING POWER
55,227 shares (see Item 4)
NUMBER OF
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 0 shares
OWNED BY EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 55,227 shares (see Item 4)
WITH
8 SHARED DISPOSITIVE POWER
0 shares
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
55,227 shares, held on its behalf by its joint trustees, Arnold L.
Chase and Stanley N. Bergman
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* /X/
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9 )
0.7%
12 TYPE OF REPORTING PERSON*
OO
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1(a). Name of Issuer:
First International Bancorp, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
One Commercial Plaza
Hartford, Connecticut 06103
Item 2(a). Name of Person Filing:
Arnold Chase Accumulation Trust I (the "reporting person")
Item 2(b). Address of Principal Business Office or, if None, Residence:
c/o Chase Enterprises, Inc.
One Commercial Plaza
Hartford, Connecticut 06103
Item 2(c). Citizenship:
Connecticut
Item 2(d). Title of Class of Securities:
common stock, par value $.10 per share ("Common Stock")
Item 2(e). CUSIP Number:
32054Q 10
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b),
check whether the person filing is a:
Not applicable
Item 4. Ownership*.
(a) Amount Beneficially Owned: 55,227 shares
(b) Percent of Class: 0.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 55,227
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition of: 55,227
(iv) shared power to dispose or to direct the disposition of: 0
* The shares of Common Stock beneficially owned by the reporting
person are held on its behalf by its joint trustees, Arnold L. Chase
and Stanley N. Bergman, who have the joint power to direct the vote
and the disposition of such shares on behalf of the reporting
person. No other person shares the power to vote or to direct the
disposition of such shares.
This Schedule does not relate to, and, in accordance with Rule 13d-4
under the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), the reporting person expressly declares that the filing of
this Schedule shall not be construed as an admission that it is, for
purposes of Sections 13(d) or 13(g) of the Exchange Act, the
beneficial owner of, any of (i) 938,193 shares of Common Stock, or
11.9% of the shares of Common Stock outstanding, owned as of
December 31, 1997, by Arnold L. Chase, who, together with his
children, are the beneficiaries of the reporting person, (ii)
804,787 shares of Common Stock, or 10.2% of the shares of Common
Stock outstanding, owned as of December 31, 1997, by Cheryl A.
Chase, the sister of Arnold L. Chase, (iii) 149,877 shares of Common
Stock, or 1.9% of the shares of Common Stock outstanding, owned as
of December 31, 1997, by David T. Chase, the father of Arnold L.
Chase and Cheryl A. Chase, (iv) 1,425,000 shares of Common Stock, or
18.1% of the shares of Common Stock outstanding, owned as of
December 31, 1997, by Rhoda L. Chase, the mother of Arnold L. Chase
and Cheryl A. Chase and the spouse of David T. Chase, (v) 1,355
shares of Common Stock, or 0.1% of the shares of Common Stock
outstanding, owned as of December 31, 1997, jointly by Arnold L.
Chase and Sandra M. Chase, the spouse of Arnold L. Chase, (vi)
55,227 shares of Common Stock, or 0.7% of the shares of Common Stock
outstanding, owned as of December 31, 1997, by Arnold L. Chase
Accumulation Trust II, a trust of which Arnold L. Chase and Stanley
N. Bergman are the trustees and Arnold L. Chase and the children of
Arnold L. Chase and Sandra M. Chase are the beneficiaries, (vii)
55,227 shares of Common Stock, or 0.7% of the shares of Common Stock
outstanding, owned as of December 31, 1997, by Cheryl A. Chase
Accumulation Trust I, a trust of which Cheryl A. Chase and Stanley
N. Bergman are the trustees and Cheryl A. Chase and her children are
the beneficiaries, (viii) 55,227 shares of Common Stock, or 0.7% of
the shares of Common Stock outstanding, owned as of December 31,
1997, by Cheryl A. Chase Accumulation Trust II, a trust of which
Cheryl A. Chase and Stanley N. Bergman are the trustees and Cheryl
A. Chase and her children are the beneficiaries, (ix) 32,039 shares
of Common Stock, or 0.4% of the shares of Common Stock outstanding,
owned as of December 31, 1997, by Cheryl A. Chase Marital Trust, a
trust of which Cheryl A Chase and Kenneth N. Musen are the trustees
and Cheryl A. Chase and her children are the beneficiaries, (x)
112,522 shares of Common Stock, or 1.4% of the shares of Common
Stock outstanding, owned as of December 31, 1997, by The Darland
Trust, a trust of which Rothschild Trust Cayman Limited is trustee
and Cheryl A. Chase and her children are the beneficiaries, or (xi)
5,500 shares of Common Stock, or less than 0.1% of the shares of
Common Stock outstanding, owned as of December 31, 1997, by American
Ranger, Inc. ("American Ranger"), a company which is owned and
controlled by the Chase family as described below. David T. Chase
may be deemed to be a beneficial owner of the shares referred to in
clause (ix) of the immediately preceding sentence and 86,365 of the
shares referred to in clause (iv) of the immediately preceding
sentence.
American Ranger is a wholly-owned subsidiary of D.T. Chase
Enterprises, Inc. ("DTCE"), a holding company for various Chase
family interests. David T. Chase, Arnold L. Chase and Cheryl A.
Chase are the directors and executive officers of American Ranger
and the directors and three of the executive officers of DTCE.
All of the outstanding stock of DTCE is owned by David T. Chase
(33.95%), Rhoda L. Chase (2.21%), Arnold L. Chase (9.34%), Cheryl
A. Chase (14.74%), the reporting person (5.07%), Arnold Chase
Accumulation Trust II (7.54%), five trusts for the benefit of
Arnold L. Chase's children, of which Stanley N. Bergman and Arnold
L. Chase are co-trustees (7.55% in the aggregate), Cheryl A. Chase
Accumulation Trust I (4.79%), Cheryl A. Chase Accumulation Trust
II (7.27%) and five trusts for the benefit of Cheryl A. Chase's
children, of which Stanley N. Bergman and Cheryl A. Chase are co-
trustees (7.55% in the aggregate).
This filing is being made because of the relationships between the
reporting person and the other persons named in this Item. The
reporting person has not agreed to act together with any of the
foregoing persons or with any other person or entity for the
purpose of acquiring, holding, voting or disposing of shares of
Common Stock and the reporting person disclaims membership in any
"group" with respect to the Common Stock for purposes of Section
13(d)(3) of the Exchange Act and Rule 13d-5(b)(1) thereunder.
Item 5. Ownership of Five Percent or Less of a Class.
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 five percent of the class of securities, check the
following [ ]
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Arnold L. Chase and Stanley N. Bergman, as joint trustees of the
reporting person, a trust of which Arnold L. Chase and the children of
Arnold L. Chase and Sandra M. Chase are the beneficiaries, share the
right to direct the receipt of dividends from and the proceeds of the
sale of the 55,227 shares of Common Stock owned by the reporting
person.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
Not Applicable
Item 8. Identification and Classification of Members of the Group.
Not Applicable
Item 9. Notice of Dissolution of Group.
Not Applicable
Item 10.Certification.
Not Applicable
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, the
reporting person certifies that the information set forth in this statement is
true, complete and correct.
Dated: February 10, 1998
Arnold Chase Accumulation Trust I
By: /s/ Arnold L. Chase
Name: Arnold L. Chase
Title: Trustee
