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)(c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(b)
(Amendment No. 1)*
Great Pee Dee Bancorp, Inc.
(Name of Issuer)
Common Stock, $.01 par value per share
(Title of Class of Securities)
39115R-10-0
(CUSIP Number)
December 31, 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:
[X] Rule 13d-1(b)
[ ] 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 (however, see the
Notes).
Page 1 of 5 Pages
<PAGE>
CUSIP NO. 39115R 10 0 Page 2 of 5 Pages
1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Federal Savings and Loan Association of Cheraw
Employee Stock Ownership Plan
IRS ID No. 62-1727654
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
(b)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
South Carolina
NUMBER OF 5 SOLE VOTING POWER
SHARES 174,570
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 174,570
PERSON WITH 8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
174,570
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.14% of 2,143,425 shares of Common Stock outstanding as of December 31,
1998.
12 TYPE IN REPORTING PERSON*
EP
<PAGE>
CUSIP NO. 39115R 10 0 Page 3 of 5 Pages
Item 1(a). Name of Issuer:
Great Pee Dee Bancorp, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
515 Market Street
Cheraw, South Carolina 29520
Item 2(a). Name of Person Filing:
First Federal Savings and Loan Association of Cheraw
Employee Stock Ownership Plan
Trustee: Robert M. Bennett
William R. Butler
James C. Crawford III
Henry P. Duvall
Corneluis B. Young
Item 2(b). Address of Principal Business Office:
515 Market Street
Cheraw, South Carolina 29520
Item 2(c). Citizenship or Place of Organization:
South Carolina
Item 2(d). Title of Class of Securities:
Common Stock, par value $.01 per share
Item 2(e). CUSIP Number:
39115R 10 0
Item 3. It this Statement is Filed Pursuant To Rule 13d-1(b) or 13d-2(b),
or (c), Check Whether the Person Filing is a:
(f)[X]This person is an Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee Retirement Income Security
Act of 1974; see 13d-1(b)(1)(ii)(F).
<PAGE>
CUSIP NO. 39115R 10 0 Page 4 of 5 Pages
Item 4. Ownership:
As of December 31, 1998, the reporting person beneficially owned
174,570 shares of the Issuer. This number of shares represents 8.14%
of the common stock, par value $.01 per share, of the Issuer, based
upon 2,143,425 shares of such common stock outstanding as of December
31, 1998. As of December 31, 1998, the reporting person has sole power
to vote or to direct the vote of 174,570 shares and shared power to
vote or to direct the vote of 0 shares. The reporting person has sole
power to dispose or to direct the disposition of 174,570 shares of
common stock.
Item 5. Ownership of Five Percent or Less of a Class:
Not applicable
Item 6. Ownership of More Than Five Percent on Behalf of Another Person:
Not applicable
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:
The reporting person is an employee benefit plan subject to the
provisions of the Employee Retirement Income Security Act of 1974.
Item 9. Notice of Dissolution of Group:
Not applicable
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.
<PAGE>
CUSIP NO. 39115R 10 0 Page 5 of 5 Pages
SIGNATURE
After reasonable 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.
February 11, 1999 FIRST FEDERAL SAVINGS AND LOAN
ASSOCIATION OF CHERAW EMPLOYEE
STOCK OWNERSHIP PLAN
/s/ James C. Crawford, III
______________________________
Trustee
