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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. -)<F*>
High Country Bancorp, Inc.
----------------------------------------------------
(Name of Issuer)
Common Stock
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(Title of Class of Securities)
42965Q107
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(CUSIP Number)
[FN]
<F*>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
(however, see the Notes).
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CUSIP NO. 42965Q107 13G PAGE 2 OF 9 PAGES
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==========================================================================
1 NAMES OF REPORTING PERSONS DONALD LEIGH KOCH
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 19,682<F*>
OWNED BY
EACH
REPORTING
PERSON
WITH
------------------------------------------------------
6 SHARED VOTING POWER
2,000<F*>
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7 SOLE DISPOSITIVE POWER
103,282<F*>
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8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
103,282<F*>
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
/ /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.8%
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12 TYPE OF REPORTING PERSON
IN
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[FN]
<F*>SEE ITEM 4 OF THIS SCHEDULE 13G.
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PAGE 2 OF 9 PAGES
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CUSIP NO. 42965Q107 PAGE 3 OF 9 PAGES
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1 NAMES OF REPORTING PERSON KOCH ASSET MANAGEMENT, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS 43-1746061
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
MISSOURI
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY
EACH
REPORTING
PERSON
WITH
------------------------------------------------------
6 SHARED VOTING POWER
0
------------------------------------------------------
7 SOLE DISPOSITIVE POWER
103,282<F*>
------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
103,282<F*>
- --------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
/ /
- --------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.8 %
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12 TYPE OF REPORTING PERSON
IA
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[FN]
<F*>SEE ITEM 4 OF THIS SCHEDULE 13G.
==========================================================================
PAGE 3 OF 9 PAGES
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CUSIP NO. 42965Q107 PAGE 4 OF 9 PAGES
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ITEM 1. (a) Name of Issuer: High Country Bancorp, Inc.
(b) Address of Issuer's Principal Executive Offices:
130 West 2nd Street
Salida, CO 81201-0309
ITEM 2. (a) Name of Person Filing: Donald Leigh Koch
Koch Asset Management, L.L.C. , L.L.C.
(b) Address of Principal Business Offices or, if none,
Residence:
Donald Leigh Koch
4 Muirfield Lane
St. Louis, MO 63141
Koch Asset Management, L.L.C.
1293 Mason Road
Town & Country, MO 63131
(c) Citizenship: United States; Missouri
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 42965Q107
ITEM 3. INFORMATION IF STATEMENT IS FILED PURSUANT TO RULES
13d-1(b) OR 13d-2(b):
Koch Asset Management, L.L.C., one of the persons filing this
Statement, is an investment adviser registered under Section 203
of the Investment Advisers Act of 1940.
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CUSIP NO. 42965Q107 PAGE 5 OF 9 PAGES
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ITEM 4. OWNERSHIP.
The Information in items 1 and 5-11 on each of the cover pages
of this Schedule 13G is hereby incorporated by reference.<F**>
Koch Asset Management, L.L.C. is a registered investment adviser
which furnishes investment advice to individual clients by
exercising trading authority over securities held in accounts on
behalf of such clients (collectively, the "Managed Portfolios").
In its role as an investment adviser to the Managed Portfolios,
Koch Asset Management, L.L.C. has sole dispositive power over
the Managed Portfolios and, as a result, may be deemed to be the
beneficial owner of shares of High Country Bancorp, Inc. Common
Stock (the "Common Stock") held by such Managed Portfolios.
However, Koch Asset Management, L.L.C. does not have the right
to vote or to receive any dividends from, or the proceeds from
the sale of, the Common Stock held in such Managed Portfolios
and disclaims any ownership associated with such rights.
Donald Leigh Koch owns 100% of Koch Asset Management, L.L.C. and
serves as the sole Managing Member of Koch Asset Management,
L.L.C. Mr. Koch is filing this joint statement with Koch Asset
Management, L.L.C. as a result of his ownership of and position
in Koch Asset Management, L.L.C., from which Mr. Koch may be
deemed to have the power to exercise any dispositive power that
Koch Asset Management, L.L.C. may have with respect to the
Common Stock held by the Managed Portfolios. Mr. Koch,
individually, and Mr. Koch and his spouse, jointly, own and hold
voting power with respect to Managed Portfolios containing
approximately 19,682 and 2,000 shares, respectively, of Common
Stock, or an aggregate of approximately 1.6% of the total number
of outstanding shares of Common Stock (collectively, the "Koch
Shares"). Other than with respect to the Koch Shares, all shares
reported herein have been acquired by Koch Asset Management,
L.L.C. and Mr. Koch specifically disclaims beneficial ownership
over any shares of Common Stock that he or Koch Asset
Management, L.L.C. may be deemed to beneficially own.
Furthermore, other than with respect to the Koch Shares, Mr.
Koch does not have the right to vote or to receive any dividends
from, or the proceeds from the sale of, the securities held in
the Managed Portfolios and disclaims any ownership associated
with such rights.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
N/A
[FN]
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<F**>Computational Note: Based upon 1,322,500 shares of Common Stock issued and
outstanding as of 12/31/97.
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CUSIP NO. 42965Q107 PAGE 6 OF 9 PAGES
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ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON.
N/A
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 acquired in the
ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or influencing
the control of the issuer of such securities and were not
acquired in connection with or as a participant in any
transaction having such purposes or effect.
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CUSIP NO. 42965Q107 PAGE 7 OF 9 PAGES
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth on this statement is true, complete
and correct.
DONALD LEIGH KOCH
2/11/98
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Date
/s/ Donald Leigh Koch
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Signature
Donald Leigh Koch
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Name/Title
KOCH ASSET MANAGEMENT, L.L.C.
2/11/98
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Date
/s/ Donald Leigh Koch
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Signature
Donald Leigh Koch, Managing Member
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Name/Title
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CUSIP NO. 42965Q107 PAGE 8 OF 9 PAGES
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EXHIBIT INDEX
Exhibit I Joint Filing Agreement
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CUSIP NO. 42965Q107 PAGE 9 OF 9 PAGES
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EXHIBIT I
TO
SCHEDULE 13G
JOINT FILING AGREEMENT
Pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of 1934, as
amended, the persons named below agree to the joint filing on behalf of each
of them a Statement on Schedule 13G (including any amendments thereto) with
respect to the Common Stock of High Country Bancorp, Inc. and further agree
that this Joint Filing Agreement be included as an Exhibit to such joint
filings. In evidence thereof, the undersigned hereby execute this Joint
Filing Agreement as of the 12th day of February, 1998.
/s/ Donald Leigh Koch
-------------------------------------
Donald Leigh Koch
KOCH ASSET MANAGEMENT, L.L.C.
By: /s/ Donald Leigh Koch
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Donald Leigh Koch, Managing Member
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