BAY STATE BANCORP INC
SC 13G/A, 2000-02-11
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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<PAGE> 1



                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549





                                SCHEDULE  13G/A

                   Under the Securities Exchange Act of 1934
                              (Amendment No. 1)*


                         The Bay State Bancorp, Inc.
             -----------------------------------------------------
                               (Name of Issuer)

                      Common Stock, par value $.01 per share
            ----------------------------------------------------------
                        (Title of Class of Securities)


                                 072611-10-6
                            ------------------------
                                (CUSIP Number)

                                December 31, 1999
                       ---------------------------------
            (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).

SEC 1745 (2-95)
                              Page 1 of 5 pages

<PAGE> 2




- --------------------------  ------------------------ ---------------------------
CUSIP NO. 072611-10-6                 13G/A          Page 2 of  5  Pages
- --------------------------  ------------------------ ---------------------------

- ----    ------------------------------------------------------------------------
1       NAME OF REPORTING PERSON
        S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
        The Bay State Federal Savings Charitable Foundation

- ----    ------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                        (a) /__/
                                                        (b) /__/

- ----    ------------------------------------------------------------------------
3       SEC USE ONLY


- ----    ------------------------------------------------------------------------
4       CITIZENSHIP OR PLACE OF ORGANIZATION
        Non-stock corporation incorporated in Delaware.


- -----------------  -----  ------------------------------------------------------
     NUMBER OF       5    SOLE VOTING POWER
       SHARES                   187,795
    BENEFICIALLY
      OWNED BY     -----  ------------------------------------------------------
        EACH         6     SHARED VOTING POWER
     REPORTING                    0
       PERSON
        WITH       -----  ------------------------------------------------------
                     7     SOLE DISPOSITIVE POWER
                               187,795

                   -----  ------------------------------------------------------
                     8     SHARED DISPOSITIVE POWER
                                 -0-
- ----    ------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
              187,795

- ----    ------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*


- ----    ------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
            8.7% of 2,147,646 shares of Common Stock outstanding as of
            December 31, 1999.

- ----    ------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON*
              CO

- --------------------------------------------------------------------------------
                     *SEE INSTRUCTION BEFORE FILLING OUT!



<PAGE> 3



              THE BAY STATE FEDERAL SAVINGS CHARITABLE FOUNDATION
                                SCHEDULE  13G/A

Item 1(a)   Name of Issuer:
            The Bay State Bancorp, Inc.

Item 1(b)   Address of Issuer's Principal Executive Offices:
            1299 Beacon Street
            Brookline, Massachusetts 02446

Item 2(a)   Name of Person Filing:
            The Bay State Federal Savings Charitable Foundation

Item 2(b)   Address of Principal Business Offices or, if none, Residence:
            1299 Beacon Street
            Brookline, Massachusetts 02446

Item 2(c)   Citizenship:  Non-stock corporation incorporated in Delaware.

Item 2(d)   Title of Class of Securities: Common Stock, par value $.01 per share

Item 2(e)   CUSIP Number:  072611-10-6

Item 3      The person filing this statement is an Endowment Fund.

Item 4      Ownership.  As of December 31, 1999, the reporting person
            beneficially owned 187,795 shares of the issuer.  This number of
            shares represents 8.7% of the common stock, par value $.01, of the
            issuer, based upon 2,147,646 shares of such common stock outstanding
            as of December 31, 1999.  As of December 31, 1999, the reporting
            person has sole power to vote or to direct the vote of all 187,795
            shares and has the sole power to dispose or direct the disposition
            of all 187,795 shares of common stock.




                              Page 3 of 5 pages

<PAGE> 4



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.

            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




                              Page 4 of 5 pages

<PAGE> 5


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 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.

                                   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, 2000
                  --------------------------------------------
                                    (Date)

                             /s/ Denise M. Reneghan
                  --------------------------------------------
                                  (Signature)

                          Denise M. Reneghan, Director
             Executive Vice President and Chief Operating Officer
             The Bay State Federal Savings Charitable Foundation,
            ---------------------------------------------------
                                    (Title)










                               Page 5 of 5 pages




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