UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
REPORT FOR THE CALENDAR YEAR OR QUARTER ENDED: MARCH 31, 1999
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: Lorain National Bank
Trust and Investment Management Department
Address: 457 Broadway
Lorain Ohio 44052
13F File Number:
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
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: Mr. Gerald S. Falcon
Title: Vice President, Operations
Phone: 440-244-7263
Signature, Place, and Date of Signing:
Gerald S. Falcon Lorain Ohio 06/07/99
_______________________ ______________________ __________
(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 not entries in this list, omit this section.]
Form 13F File Number Name
28-
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[Repeat as necessary.]
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: None
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Form 13F Information Table Entry Total: 84
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Form 13F Information Table Value Total: $165,986
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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
NONE
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(Repeat as necessary.)
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REPORT PTR289 1N LORAIN NATIONAL BANK SECURITIES AND EXCHANGE
COMMISSION FORM 13-F 05/24/99 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> <C>
A T & T CORP 001957109 3,742 46,883 SH
X 23,270 100 23,513
ABBOTT LABORATORIES 002824100 1,435 30,661 SH
X 16,299 14,362
AMERICAN HOME PRODUCTS CORPORATION 026609107 3,092 47,380 SH
X 33,488 13,892
AMERICAN INTERNATIONAL GROUP INC 026874107 1,943 16,105 SH
X 8,903 7,202
AMERITECH CORPORATION 030954101 1,387 24,072 SH
X 16,748 300 7,024
ATLANTIC RICHFIELD COMPANY 048825103 1,657 22,666 SH
X 16,916 5,750
BP AMOCO PLC 055622104 884 8,748 SH
X 7,427 1,321
ADR SPONSORED
BMC SOFTWARE INC 055921100 1,470 39,650 SH
X 17,658 600 21,392
BANK ONE CORPORATION 06423A103 936 17,004 SH
X 17,004
BANKAMERICA CORP 06605F102 250 3,541 SH
X 1,245 2,296
BELL ATLANTIC CORPORATION 077853109 1,107 21,418 SH
X 14,768 6,650
BELLSOUTH CORPORATION 079860102 1,910 47,672 SH
X 31,888 400 15,384
BESTFOODS 08658U101 1,327 28,229 SH
X 13,558 400 14,271
BRISTOL MYERS SQUIBB CO. 110122108 4,176 65,124 SH
X 43,704 700 20,720
CHEVRON CORP 166751107 1,805 20,338 SH
X 11,706 200 8,432
CISCO SYS INC 17275R102 4,348 39,687 SH
X 15,200 800 23,687
COCA COLA COMPANY 191216100 1,615 26,311 SH
X 14,943 400 10,968
WALT DISNEY COMPANY COMMON 254687106 376 12,065 SH
X 5,040 7,025
FORMERLY WALT DISNEY PRODUCTIONS
E I DU PONT DE NEMOURS & COMPANY 263534109 384 6,619 SH
X 5,204 1,415
DUKE ENERGY CORP 264399106 214 3,900 SH
X 2,800 1,100
EMERSON ELECTRIC COMPANY 291011104 1,205 22,766 SH
X 11,314 200 11,252
ENRON CORP 293561106 458 7,124 SH
X 6,848 276
EXXON CORPORATION 302290101 5,472 77,547 SH
X 58,907 600 18,040
FEDERAL NATL MTG ASSN 313586109 2,375 34,302 SH
X 18,600 15,702
FEDERATED SHORT-TERM 313907107 204 19,730 SH
X 19,730
MUNICIPAL TRUST #24
FEDERATED GNMA BOND FUND 314184102 4,147 367,296 SH
X 209,878 3,881 153,536
FEDERATED INCOME TRUST 314199100 146 14,162 SH
X 6,595 4,228 3,337
FEDERATED U S GOVERNMENT SECURITIES 31428M100 477 45,606 SH
X 35,875 3,435 6,295
1 TO 3 YR INSTRUMENTS
FEDERATED U S GOVERNMENT SECURITIES 31428P103 481 44,871 SH
X 37,337 3,957 3,576
2 TO 5 YR INSTRUMENTS
FIFTH THIRD BANCORP 316773100 1,062 16,110 SH
X 8,761 7,349
FIRSTMERIT CORP 337915102 1,256 48,773 SH
X 41,398 7,375
FLEET FINANCIAL GROUP, INC 338915101 398 10,576 SH
X 10,576
FORD MOTOR COMPANY 345370100 500 8,820 SH
X 8,820
GTE CORPORATION 362320103 332 5,482 SH
X 5,482
GENERAL ELECTRIC COMPANY 369604103 7,694 69,554 SH
X 49,436 600 19,518
GILLETTE COMPANY 375766102 1,062 17,870 SH
X 8,370 400 9,100
HARTFORD LIFE INC 416592103 314 5,700 SH
X 1,000 4,700
CL A
HEALTH MGMT ASSOC INC CLASS A 421933102 332 27,209 SH
X 11,599 15,610
H J HEINZ COMPANY 423074103 749 15,801 SH
X 14,200 1,601
HERSHEY FOODS CORPORATION 427866108 418 7,450 SH
X 3,600 3,850
HEWLETT PACKARD CO 428236103 782 11,539 SH
X 4,178 200 7,161
HOME DEPOT INC 437076102 977 15,700 SH
X 2,500 600 12,600
INTEL CORPORATION 458140100 10,046 84,510 SH
X 38,200 575 45,735
FEDERATED INTERMEDIATE 458810108 202 18,951 SH
X 16,693 2,258
MUNICIPAL TRUST
INTERNATIONAL BUSINESS MACHINES 459200101 1,482 8,362 SH
X 5,412 2,950
INTERPUBLIC GROUP COS INC 460690100 1,508 19,364 SH
X 7,214 300 11,850
JOHNSON AND JOHNSON 478160104 2,340 25,023 SH
X 10,869 350 13,804
KEYCORP 493267108 1,724 56,866 SH
X 45,834 11,032
LNB BANCORP INC 502100100 10,131 393,450 SH
X 112,533 280,917
LILLY ELI & CO 532457108 2,372 27,950 SH
X 17,850 200 9,900
LINEAR TECHNOLOGY CORP 535678106 400 7,800 SH
X 696 7,104
LUCENT TECHNOLOGIES INC 549463107 7,375 68,288 SH
X 36,490 500 31,298
MBNA CORP 55262L100 563 23,600 SH
X 12,000 11,600
MEDTRONIC INC 585055106 2,186 30,416 SH
X 9,918 300 20,198
MERCK & CO. INC. 589331107 4,879 60,891 SH
X 32,924 600 27,367
MICROSOFT 594918104 15,105 168,532 SH
X 80,900 800 86,832
MOBIL CORPORATION 607059102 3,168 36,000 SH
X 17,468 300 18,232
MOTOROLA INC 620076109 1,290 17,609 SH
X 6,075 700 10,834
FEDERATED OHIO MUNICIPAL INCOME FUND 625922307 248 21,218 SH
X 21,218
CLASS F
NATIONAL CITY CORPORATION 635405103 1,203 18,118 SH
X 18,118
NORDSON CORPORATION 655663102 741 13,294 SH
X 10,837 2,457
ORACLE CORP 68389X105 2,073 78,602 SH
X 32,125 900 45,577
PNC BANK CORP. 693475105 211 3,802 SH
X 1,474 2,328
PFIZER INC 717081103 4,659 33,578 SH
X 14,323 200 19,055
PIONEER HI BRED INTL INC 723686101 442 11,750 SH
X 5,850 5,900
PROCTER & GAMBLE CO 742718109 1,013 10,346 SH
X 6,616 330 3,400
PROGRESSIVE CORP OHIO 743315103 1,962 13,675 SH
X 6,975 6,700
RAYTHEON CO CLASS B 755111408 915 15,600 SH
X 9,100 6,500
ROYAL DUTCH PETROLEUM CO 780257804 2,639 50,750 SH
X 30,288 800 19,662
NY REG SHS 1.25
SBC COMMUNICATIONS INC 78387G103 2,167 45,926 SH
X 35,520 600 9,806
SANMINA CORP 800907107 318 4,995 SH
X 1,000 3,995
SARA LEE CORPORATION 803111103 1,937 78,270 SH
X 44,656 800 32,814
FORMERLY CONSOLIDATED FOODS
SCHERING-PLOUGH CORPORATION 806605101 1,346 24,356 SH
X 24,356
SOLECTRON CORP 834182107 2,806 57,782 SH
X 12,182 800 44,800
SPRINT CORP 852061100 2,944 30,004 SH
X 27,073 2,931
SPRINT CORP PCS 852061506 512 11,543 SH
X 10,272 1,271
GROUP SERIES 1
STATE STREET CORP 857477103 1,217 14,802 SH
X 9,200 5,602
STEEL DYNAMICS INC 858119100 812 49,027 SH
X 49,027
SUN MICROSYSTEMS INC 866810104 3,127 25,000 SH
X 7,800 700 16,500
SUNTRUST BANKS, INC. 867914103 1,164 18,702 SH
X 12,500 6,202
WALGREEN CO 931422109 335 11,872 SH
X 11,872
WELLS FARGO AND CO 949746101 1,064 30,355 SH
X 11,360 18,995
WRIGHT NEAR TERM BOND FUND 982349201 188 18,437 SH
X 18,437
(BFBT-NTB)
NORTHERN SAVINGS & LOAN COMPANY 996196MS7 273 5,568 SH
X 5,568
FINAL TOTALS 165,986
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